Menu
Live
Market Overview
Live indices, gainers & losers
Market Pulse
AI-curated live updates
Market Movers
Top gainers & losers by cap
Market Signals
Value, momentum & analyst signals
Smart Money
Insider & congress trades
Hedge Funds
What 63 elite funds bought & sold
52-Week Highs
Stocks breaking out to new highs
52-Week Lows
Beaten-down stocks near support
High Beta
Stocks that move more than the market
Earnings Calendar
Upcoming earnings dates
Daily
Research
Invest
LIVE
Joint Stock Company Kaspi.kz
KSPI
NASDAQ·Technology·Software - Infrastructure·Mkt cap $16.8B
$89.16
▲ +0.93%
View full research view
Our plain-language verdict, the thesis, risk factors, and what is changing about the business.
View research view52-Week Range
$68.59 - $99.20
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 4.7% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Integrated super-app ecosystem creating powerful network effects and customer stickiness
- Proprietary data and insights enabling informed business decision-making across segments
- Market leadership position in Kazakhstan's payments and fintech sectors
- Omnichannel capability connecting online and offline merchant-consumer transactions
Bear Case
1 risk
- Low volatility (beta 0.1).
Growth
Strong growth ahead
Digital payment adoption acceleration in Kazakhstan and Central Asia
Value
Valuation data unavailable
Momentum
Strong
+18.5% over 3m
Quality
Excellent
High-growth business (500% revenue growth, 71% gross margin). Profitable with strong growth momentum.
Dividend
Solid
4.01% yield
Smart-money signal
Who's buying KSPI right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Jul 27, 2026
MAY 11, 2026
Reported EPS of $2.73 vs $2.59 consensus (+5.4% surprise). Revenue of $2.3B vs $2.2B expected (+4.7%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Q2 26
+5.4%
Next: Jul 27, 2026
Revenue trend · last 8Q
—
—
—
—
+49%
+64%
+70%
+53%
Q1 24
Q2 24
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
$1.2B
$1.3B
$1.4B
$1.6B
$1.8B
$2.1B
$2.4B
$2.4B
Margins · last 8Q
Gross
73.9%
Operating
31.0%
Profit
24.2%
Wall Street consensus
Analyst coverage
Live ratings and price targets aggregated across covering analysts.
No analyst coverage on file for this stock yet.
vs Industry
How KSPI stacks vs Software - Infrastructure
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
Related
Peers & themes
Peers
No peer data available.
Themes
No themes assigned.