NASDAQ$INTR
Inter & Co Inc - Cl A · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Inter&Co Q2 2025: R$315M net income (+53% YoY) as clients reach 39.3 million
Inter&Co Inc. reported record second-quarter 2025 results with total gross revenue of R$3.57 billion (+48% YoY) and net revenue of R$2.00 billion (+36% YoY), driven by accelerated credit origination and higher client engagement. Net income excluding minority interests rose 53% to R$315 million (about US$57.8 million), with annualized ROE reaching 13.9%. The gross loan portfolio expanded 8% sequentially to R$40.2 billion (US$7.3 billion), up 22% year over year and more than double Brazilian industry growth, while NPLs over 90 days remained stable at 4.6%. Inter added 1.1 million net new active clients in the quarter, reaching 39.3 million total clients, and surpassed 40 million clients in August 2025.
- Net income excluding minority interests was R$315 million (+53% YoY) with annualized ROE of 13.9%.
- Total gross revenue was R$3.57 billion and net revenue R$2.00 billion; efficiency ratio improved to 47.8%.
- Gross loan portfolio reached R$40.2 billion (+22% YoY), with core credit portfolio up 31% excluding SMB decline.
- Total clients reached 39.3 million with 22.7 million active clients and activation rate of 57.7%.
- NPL over 90 days was 4.6% excluding credit card receivables anticipation, down 50 bps year over year.
Headline financials
Revenue & EPS history
Inter & Co · Revenue · Quarterly
R$648M
Forward guidance
Management reiterated its 60/30/30 strategic plan targeting 60 million clients, a 30% efficiency ratio, and 30% ROE by 2027, citing strong credit momentum from Private Payroll and FGTS products despite a challenging Brazilian macro backdrop.
Tailwinds
- Core credit portfolio growing 31% YoY, well above industry average
- Private Payroll portfolio reached R$728 million with over 10% market share of new loans
- Funding base expanded 30% YoY to R$62.2 billion
Headwinds
- Higher Selic rate pressured nominal cost of funding to 64.8% of CDI
- Cost of risk increased with mix shift toward newer credit products
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 10 quarterly earnings reports · overlaid with Q2 2025
+1.7%
Avg return
Earnings day
+3.3%
Avg return
5 days after
+9.5%
Avg return
30 days after
55%
6 / 11 earnings
Positive
+14.3%
Q2 2025
Best reaction
-14.7%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -7.4% | -9.6% | -14.4% | |
| Q2 2025 | +14.3% | +18.8% | +34.3% | |
| Q4 2024 | +0.8% | -0.6% | +4.5% | |
| Q3 2024 | -2.0% | -8.3% | -24.2% | |
| Q2 2024 | +6.5% | +8.4% | +13.4% | |
| Q4 2023 | +3.6% | +4.5% | +14.0% | |
| Q3 2023 | -1.4% | +4.5% | -1.4% | |
| Q2 2023 | +7.1% | +18.7% | +18.2% | |
| Q1 2023 | +12.5% | +34.1% | +83.0% | |
| Q4 2022 | -14.7% | -19.9% | +1.0% | |
| Q3 2022 | +0.0% | -14.1% | -23.9% | |
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