| Title of Class | Number of Shares Outstanding | ||||
Class A common shares, par value US$0.000079365 per share | |||||
Class B common shares, par value US$0.000079365 per share | |||||
| Page | |||||
F- 2 | |||||
| For the Year Ended December 31, | |||||||||||||||||||||||
| 2022 | 2022 | 2021 | 2020 | ||||||||||||||||||||
(US$)(1) | (R$) | ||||||||||||||||||||||
| (in millions, except amounts per share) | |||||||||||||||||||||||
Statement of profit or loss data: | |||||||||||||||||||||||
| Net revenue from transaction activities and other services | 501.6 | 2,617.4 | 1,626.9 | 1,144.1 | |||||||||||||||||||
| Net revenue from subscription services and equipment rental | 337.5 | 1,760.9 | 1,071.9 | 388.0 | |||||||||||||||||||
| Financial income | 888.9 | 4,638.0 | 1,877.7 | 1,647.0 | |||||||||||||||||||
| Other financial income | 109.7 | 572.6 | 247.3 | 140.7 | |||||||||||||||||||
Total revenue and income | 1,837.8 | 9,588.9 | 4,823.8 | 3,319.8 | |||||||||||||||||||
| Cost of services | (511.7) | (2,669.8) | (1,713.8) | (769.9) | |||||||||||||||||||
| Administrative expenses | (214.9) | (1,121.4) | (813.3) | (392.5) | |||||||||||||||||||
| Selling expenses | (289.6) | (1,511.2) | (1,012.5) | (505.9) | |||||||||||||||||||
| Financial expenses, net | (673.6) | (3,514.7) | (1,269.1) | (339.8) | |||||||||||||||||||
| Mark-to-market on equity securities designated at FVPL | (163.5) | (853.1) | (1,264.2) | — | |||||||||||||||||||
| Other operating expenses, net | (58.0) | (302.5) | (185.9) | (177.1) | |||||||||||||||||||
| Loss on investment in associates | (0.7) | (3.6) | (10.4) | (6.9) | |||||||||||||||||||
Profit (loss) before income taxes | (74.2) | (387.3) | (1,445.6) | 1,127.7 | |||||||||||||||||||
| Income tax and social contribution | (26.7) | (139.1) | 68.2 | (290.2) | |||||||||||||||||||
Net income (loss) for the year | (100.9) | (526.4) | (1,377.3) | 837.4 | |||||||||||||||||||
| Net income (loss) attributable to non-controlling interests | (1.3) | (7.0) | (18.5) | (16.6) | |||||||||||||||||||
| Net income (loss) attributable to owners of the parent | (99.5) | (519.4) | (1,358.8) | 854.1 | |||||||||||||||||||
Basic earnings (loss) per share(2) | (0.32) | (1.67) | (4.40) | 2.95 | |||||||||||||||||||
Diluted earnings (loss) per share(2) | (0.32) | (1.67) | (4.40) | 2.91 | |||||||||||||||||||
| Other data: | |||||||||||||||||||||||
Adjusted net income (loss) (in millions)(3) | 100.7 | 525.5 | 84.7 | 958.2 | |||||||||||||||||||
| TPV (in billions) | 70.4 | 367.4 | 275.4 | 209.9 | |||||||||||||||||||
Active clients (in thousands)(4) | n.a. | 2,584.0 | 1,766.1 | 774.5 | |||||||||||||||||||
(1) | For convenience purposes only, amounts in reais for the year ended December 31, 2022 have been translated to U.S. dollars using an exchange rate of R$ 5.2177 to US$1.00, the commercial selling rate for U.S. dollars as of December 31, 2022 as reported by the Central Bank. These translations should not be considered representations that any such amounts have been, could have been or could be converted at that or any other exchange rate. See “—Exchange Rates” for further information about recent fluctuations in exchange rates. | ||||
(2) | Calculated by dividing net income or loss for the year attributed to the owners of the parent, adjusted for losses allocated to contractual rights and participating instruments, by the weighted average number of ordinary shares outstanding during the year. See note 15 to our audited consolidated financial statements included elsewhere in this annual report. | ||||
(3) | In the table below, we have provided a reconciliation of adjusted net income (loss) to our net income (loss) for the year, the most directly comparable financial measure calculated and presented in accordance with IFRS. Note that in the second quarter of 2022, we have stopped adjusting the financial expenses related to our bond in our adjusted results. As such, for comparability reasons, we have made this change retrospectively in the tables of this section. | ||||
(4) | Considers clients that have transacted at least once over the preceding 90 days, except for TON active clients which consider clients that have transacted once in the preceding 12 months. | ||||
| For the Year Ended December 31, | |||||||||||||||||||||||
| 2022 | 2022 | 2021 | 2020 | ||||||||||||||||||||
(US$ millions)(a) | (R$ millions) | ||||||||||||||||||||||
Net income (loss) for the year | (100.9) | (526.4) | (1,377.3) | 837.4 | |||||||||||||||||||
Share-based compensation expenses(b) | 24.9 | 129.8 | 66.9 | 120.7 | |||||||||||||||||||
Amortization of fair value adjustment on intangibles related to acquisitions(c) | 26.6 | 138.6 | 89.1 | 17.2 | |||||||||||||||||||
Fair value adjustments of assets whose control was acquired(d) | — | — | (15.8) | (3.0) | |||||||||||||||||||
Mark-to-market related to the investment in Banco Inter(g) | 163.5 | 853.1 | 1,264.2 | — | |||||||||||||||||||
Other income/expenses(e) | (3.4) | (17.8) | 118.3 | 30.8 | |||||||||||||||||||
Pre-tax subtotal(g) | 110.6 | 577.3 | 145.4 | 1,003.2 | |||||||||||||||||||
Tax effect on adjustments(f) | (9.9) | (51.8) | (60.6) | (45.0) | |||||||||||||||||||
Adjusted net income(g) | 100.7 | 525.5 | 84.7 | 958.2 | |||||||||||||||||||
(a) | For convenience purposes only, amounts in reais for the year ended December 31, 2022 have been translated to U.S. dollars using an exchange rate of R$5.2177 to US$1.00, the commercial selling rate for U.S. dollars as of December 31, 2022 as reported by the Central Bank. These translations should not be considered representations that any such amounts have been, could have been or could be converted at that or any other exchange rate. See “—Exchange Rates” for further information about recent fluctuations in exchange rates. | ||||
(b) | Consists of expenses related to the vesting of one-time pre-IPO pool of share-based compensation as well as non-recurring long term incentive plans. See “Item 5. Operating and Financial Review and Prospects—A. Operating results—Description of Principal Line Items—Other operating expenses, net—Liability-classified share-based compensation expense” and note 22 to our consolidated financial statements for further information. | ||||
(c) | Consists of expenses resulting from the changes of the fair value adjustments as a result of the application of the acquisition method. | ||||
(d) | Consists of the gain on re-measurement of our previously held equity interest in Linked Gourmet (2020), VHSYS (2021) and Collact (2021) to fair value upon the date control was acquired. | ||||
(e) | Consists of the fair value adjustment related to associates call option, M&A and Bond expenses, earn-out interests related to acquisitions, gains/losses in the sale of companies, dividends from Linx, organizational restructuring and restructuring of debt instruments. See notes 4.1.2 and 21 to our consolidated financial statements for further information. | ||||
(f) | Represents the tax effect of pre-tax items excluded from adjusted net income (loss). The tax effect of pre-tax items excluded from adjusted net income (loss) is computed using the statutory rate related to the jurisdiction that was impacted by the adjustment after taking into account the impact of permanent differences and valuation allowances, if applicable. | ||||
(g) | In the second quarter of 2022, we have stopped adjusting the financial expenses related to our bond in our adjusted results. As such, for comparability reasons, we have made this change retrospectively in the tables of this section. | ||||
As of December 31,(2) | |||||||||||||||||||||||
| 2022 | 2022 | 2021 | 2020 | ||||||||||||||||||||
(US$ millions)(1) | (R$ millions) | ||||||||||||||||||||||
Statement of financial position data: | |||||||||||||||||||||||
Assets | |||||||||||||||||||||||
Current assets | |||||||||||||||||||||||
Cash and cash equivalents and short-term investments | 951.8 | 4,966.4 | 6,488.7 | 10,575.0 | |||||||||||||||||||
Accounts receivable from card issuers | 3,966.2 | 20,694.5 | 19,286.6 | 16,307.2 | |||||||||||||||||||
| Financial assets from banking solution | 759.1 | 3,960.9 | 2,346.5 | 714.9 | |||||||||||||||||||
Other current assets | 198.8 | 1,037.4 | 1,822.7 | 1,677.7 | |||||||||||||||||||
Total current assets | 5,876.0 | 30,659.2 | 29,944.5 | 29,274.8 | |||||||||||||||||||
| Intangible assets | 1,654.4 | 8,632.3 | 8,277.5 | 1,039.9 | |||||||||||||||||||
Other non-current assets | 566.1 | 2,953.9 | 3,875.0 | 1,434.0 | |||||||||||||||||||
Total non-current assets | 2,220.6 | 11,586.2 | 12,152.6 | 2,473.8 | |||||||||||||||||||
Total assets | 8,096.6 | 42,245.4 | 42,097.0 | 31,748.7 | |||||||||||||||||||
Liabilities and Equity | |||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||
Accounts payable to merchants | 3,177.4 | 16,578.7 | 15,723.3 | 8,848.0 | |||||||||||||||||||
| Deposits from banking customers | 771.2 | 4,023.7 | 2,201.9 | 900.5 | |||||||||||||||||||
| Obligations to FIDC quota holders | 186.9 | 975.2 | 1,294.8 | 1,960.1 | |||||||||||||||||||
| Loans and financing | 354.1 | 1,847.4 | 2,578.8 | 1,184.7 | |||||||||||||||||||
Other current liabilities | 335.2 | 1,749.1 | 991.1 | 487.0 | |||||||||||||||||||
Total current liabilities | 4,824.8 | 25,174.1 | 22,789.8 | 13,380.4 | |||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||
| Accounts payable to merchants | 6.9 | 35.8 | 3.2 | — | |||||||||||||||||||
Obligations to FIDC quota holders | — | — | 932.4 | 2,414.4 | |||||||||||||||||||
| Loans and financing | 522.9 | 2,728.5 | 3,556.5 | 524.4 | |||||||||||||||||||
Other non-current liabilities | 260.1 | 1,357.0 | 1,187.9 | 437.5 | |||||||||||||||||||
Total non-current liabilities | 789.9 | 4,121.3 | 5,679.9 | 3,376.3 | |||||||||||||||||||
Total liabilities | 5,614.6 | 29,295.4 | 28,469.8 | 16,756.6 | |||||||||||||||||||
Total equity | 2,481.9 | 12,950.0 | 13,627.2 | 14,992.0 | |||||||||||||||||||
Total liabilities and equity | 8,096.6 | 42,245.4 | 42,097.0 | 31,748.7 | |||||||||||||||||||
(1) | For convenience purposes only, amounts in reais for the year ended December 31, 2022 have been translated to U.S. dollars using an exchange rate of R$5.2177 to US$1.00, the commercial selling rate for U.S. dollars as of December 31, 2022 as reported by the Central Bank. These translations should not be considered representations that any such amounts have been, could have been or could be converted at that or any other exchange rate. See “—Exchange Rates” for further information about recent fluctuations in exchange rates. | ||||
(2) | The purchase price allocation was concluded for SimplesVet and VHSYS acquisitions on March 31, 2022, for the Linx acquisition on June 30, 2022 and for Collact and Trampolin acquisitons on September 30, 2022. Therefore, retrospective adjustments were made in the Statement of financial position as of December 31, 2021 in accordance with IFRS 3. | ||||
| Year | Period-end | Average(1) | Low | High | ||||||||||||||||||||||
| 2018 | 3.8748 | 3.6558 | 3.1391 | 4.1879 | ||||||||||||||||||||||
| 2019 | 4.0307 | 3.9461 | 3.6519 | 4.2602 | ||||||||||||||||||||||
| 2020 | 5.1967 | 5.1578 | 4.0213 | 5.9372 | ||||||||||||||||||||||
| 2021 | 5.5805 | 5.3956 | 4.9206 | 5.8397 | ||||||||||||||||||||||
| 2022 | 5.2177 | 5.1655 | 4.6175 | 5.7042 | ||||||||||||||||||||||
| Month | Period-end | Average(2) | Low | High | ||||||||||||||||||||||
October 2022 | 5.2570 | 5.2503 | 5.1411 | 5.3454 | ||||||||||||||||||||||
November 2022 | 5.2941 | 5.2747 | 5.0360 | 5.4655 | ||||||||||||||||||||||
December 2022 | 5.2177 | 5.2424 | 5.1445 | 5.3406 | ||||||||||||||||||||||
January 2023 | 5.0993 | 5.2007 | 5.0767 | 5.4459 | ||||||||||||||||||||||
February 2023 | 5.2078 | 5.1717 | 4.9901 | 5.2526 | ||||||||||||||||||||||
March 2023 | 5.0804 | 5.2115 | 5.0804 | 5.2981 | ||||||||||||||||||||||
April 2023 (through April 23, 2023) | 5.0497 | 5.0123 | 4.9097 | 5.0834 | ||||||||||||||||||||||
Source: Brazilian Central Bank. | |||||
(1) | Represents the average of the exchange rates on the closing of each business day during the year. | ||||
(2) | Represents the average of the exchange rates on the closing of each business day during the month. | ||||

| Solution | Description | Features and Benefits | ||||||||||||
| POS Capture Solutions | Our POS operating systems enable in-store merchants to accept a variety of credit cards, debit cards and other APMs, through POS hardware devices. | •Facilitates safe chip and pin payments •Easy and user-friendly interface •Lower processing times •Universe of applications that enable alternative types of services •Effective and efficient single deployment rollout of updates across the entire merchant base •Continuous and real-time, remote monitoring of connectivity and integrity of machines •Connectivity solutions such as 3G, Bluetooth and/or Wi-Fi enabled •Enable merchants to accept Pix through QR Code | ||||||||||||
| Pix QR Code | Our Pix QR Code solution enables merchants to accept Pix payments already integrated with the POS and thus enabling merchants to reconcile these transactions together with card receivables. | •Easy and user-friendly interface •Low processing times •Transactions can be easily reconciled together with receivables from card transactions | ||||||||||||
| e-Commerce Gateway | Full-featured e-commerce gateway that seamlessly connects e-commerce merchants to the acquirers of their choice, enabling them to accept a wide variety of electronic payment options. Our clients are provided with a set of robust analytics, reporting and auditing capabilities through their portals. | •Increased conversion rates •Easy, user-friendly consumer checkout interface •Merchant management portal •Merchant acquirer agnostic with connections to all major providers in Brazil •Secure transactions utilizing proprietary encryption and tokenization technologies •Accepts all major payment schemes and APMs in Brazil •API-based with simple, public documentation enabling self-directed customer integration | ||||||||||||
| Point of Sale Gateway | In-store gateway for the point-of-sale that connects merchants to the acquirers of their choice enabling a wide array of payment options including traditional and APM methods. It also offers clients the ability to integrate their POS with other business management software, such as inventory and tax management solutions. | •Customizable rules that give merchants the ability to split transaction volume between multiple acquirers •Integrates with other business management software solutions to provide enhanced business analytics for our merchants | ||||||||||||
| PSP Platform | We have a sophisticated PSP solution with a quick and simple API integration, enabling omni-channel players and marketplaces to accept a wide array of electronic payments through multiple channels. With a large basket of features and products, clients are equipped with the tools and features they need to grow and manage their business. | •Comprehensive set of solutions for marketplaces •Increased conversion rates •Easy, user-friendly consumer checkout interface. •Merchant management portal •Merchant acquirer agnostic with connections to all providers in Brazil •Secure transactions utilizing proprietary encryption and tokenization technologies •Built-in anti-fraud capabilities •Accepts all major payment schemes and APMs in Brazil •API based with simple, public documentation enabling self-directed customer integration | ||||||||||||
| Solution | Description | Features and Benefits | ||||||||||||
| Omni-Channel Merchant Acquiring | We are a fully licensed, end-to-end omni-channel merchant acquiring solution. With a large basket of features and products, clients are equipped with the tools they need to accept a wide array of electronic payments and effectively and efficiently manage their transaction receivables. Clients can integrate to our platform through multiple channels. | •Efficient and secure •Simple APIs for quick and seamless connection with integrated partners •Acceptance of global and regional payment schemes along with local meal voucher schemes, and other APMs •Higher conversion rates •Data reconciliation •Soft-descriptor code which allows merchants to write customizable client fields in transaction data •Built-in anti-fraud capabilities •Enables merchants to accept Pix transactions | ||||||||||||
| Split Payments | Enables merchants and marketplaces to predetermine multiple accounts for receiving the settlement of their transactions. Through customizable splitting rules, consumer payments can be routed and deposited instantly to multiple parties. | •Fully customizable rules that simplify and automate cash settlement for multiple parties linked within a single transaction •Settles directly to different bank accounts | ||||||||||||
| Web Checkout | Frictionless e-checkout that simplifies the buying experience leading to increased client conversion. | •Frictionless interface •Improves client experience and conversion rates | ||||||||||||
| Automated Retrial | Proprietary automated retry technology that helps to drastically reduce lost business from failed transactions, many of which are caused by payment scheme and third-party systems involved in a payment transaction. This is achieved by instantly reprocessing the transaction utilizing predetermined rules that could be reprocessed via another acquirer. | •Increased conversion rates •Fully configurable rules that allow the merchant to redirect failed payments to other acquirers •Automated email reminders to consumers to attempt to recapture failed purchase attempts | ||||||||||||
| One-Click Buy | Encrypts and stores consumer payment methods in a secure virtual account that facilitates quick and easy one-click payments | •Saves client data in a secure manner •Simplifies the payment process for consumers | ||||||||||||
| Recurring Billing | Simplifies and automates our clients’ businesses by allowing periodic and recurring billing, such as subscription services, in a simple and fully customizable manner. | •Simplifies and automates recurring charges •Fully customizable and flexible rules that incorporate installment features, pre and post payment settings and specific pre-programmed payments based on calendar dates and exceptions | ||||||||||||
| Multi-Buyer Payment—Bill Split | Enables consumers to make group payments easier for their customers. This solution allows a single purchase to be billed, and paid, to multiple consumers. | •Omni-channel offering for both digital service providers and online merchants •Simple and user-friendly functionality leading to improved consumer loyalty for our clients •Emails receipt to each consumer involved in the purchase | ||||||||||||
| Multi-Payment Acceptance | Enables a consumer to pay for a single invoice using multiple payment methods such as multiple debit and/or credit cards along with other alternative methods such as payment slips (boletos). | •Omni-channel offering for both digital service providers and online merchants •Simple and user-friendly functionality leading to improved consumer loyalty for our clients | ||||||||||||
| Solution | Description | Features and Benefits | ||||||||||||
| Social Commerce | Provides merchants and digital service providers with the ability to request payments from their customers via WhatsApp, SMS text or an email link. | •Simplifies the card-not-present Mail Order Telephone Order payment process for transactions where the buyer and seller are in separate locations •Integrates with other solutions such as Multi-Buyer Payments or Multi-Payment Acceptance | ||||||||||||
| Digital Banking | Fully digital banking platform, integrated to our acquiring solution, that enables merchants to get paid and manage their finances more effectively. This platform can provide the automation of cash management through a direct integration with the client’s ERP. | •Single API integration •Allows cash management automation through integration to ERP and other business automation software •TED/DOC bank transfers •Pix transactions •Boleto generation •Bill payment •Prepaid Cards •Payment link | ||||||||||||
| Working Capital Solutions | Omni-channel cash management solution that allows clients to accelerate the payment of their future receivables, including installment-based receivables up to 12 months. Clients can request and predetermine the payment of their receivables via their client portal, directly on their mobile application, POS device, via email, or over the phone with our dedicated receivables prepayment team. | •Fully customizable a la carte payment options that gives clients complete control over when they get paid •Ability to automate anticipating receivables payments with simple rules that can be set up quickly and easily in the client portal | ||||||||||||
| SMB Credit Solutions | Allows our clients to contract, monitor and payback loans by fully integrating our credit solution within our payments platform. In 2021, we interrupted our working capital product and we should start disbursing by the end of 2023. | •Self-service functionality pre-approved clients can order credit through the merchant portal •Transparent pricing and no hidden fees •Clients payback loans as a percentage of their credit card receivables, paying according to a monthly fixed installment. | ||||||||||||
| Insurance | Our insurance solutions offer financial protection to clients related to life, health and store insurance. We act as a broker only, not taking insurance risk. | •Our life insurance offers several coverages, including critical illness and COVID-19 •Our business property insurance has a user-friendly hiring and payment model through the amortization of receivables, with no grace period •Payment of insurances can be made without bureaucracy through receivables or debit on payment account •Humanized customer service from hiring to the need of customer support | ||||||||||||
| App Store for POSs | We have an application in our POS devices that can provide additional software features to a merchant’s point-of-sale through our open, cloud-based Mamba App store. This enables third-party app developers to deploy new complementary solutions to the point-of-sale for merchants and consumers, such as mobile phone top-up, bill pay, and APM acceptance. | •App Store enables third-party app developers to create and deploy new app solutions •Easily connects to third-party platforms •Developer friendly •Ability for merchants to integrate more robust transaction reporting | ||||||||||||
| Solution | Description | Features and Benefits | ||||||||||||
| Data Reporting and Merchant Portal | Gives merchants full transparency and enterprise-level insight into their transactions in a simplified and easy manner with fully customizable dashboards and automated reporting functionality. | •Simple and user-friendly •Robust reporting functionality •Receivables management tools that help merchants better understand and manage their cash flows •Accessible via the web or mobile app | ||||||||||||
| Integrated Financial Platform | Provides merchants with a complete financial platform, integrating payments, banking and credit into a single dashboard, simplifying our clients’ financial management, eliminating bureaucracy and increasing transparency. | •Simple and user-friendly •Integrates payments, banking and credit solutions into a single dashboard •Simplifies financial management | ||||||||||||
| Registry of Receivables Platform (TAG) | Financial Market Infrastructure (FMI) authorized by the Brazilian Central Bank to operate as a Trade Repository for card receivables (credit and debit), captured through physical or online transactions. TAG enables creditors to safely buy merchants' card receivables or take it as collateral. | •Technology driven and transparent, cloud based and full-API easily integrable (API RESTful and SDK pack), offering public documentation (open source) •Ready to process high volumes of data (JSon and API Streaming) •Is the only FMI in the market that actively calculates for acquirers and sub acquirers how much they must settle, considering the contract effects registered in Trade Repositories •Offers personalized support through an efficient and close onboarding process of clients, human support from 8am until 10pm and active monitoring 24/7 | ||||||||||||
| Trampolin | Trampolin is a banking-as-a-service fintech that has developed a software that allows other companies to offer banking functionality on their own systems and/or offer white label digital wallet applications. | •Plug & play digital bank •Allows clients to create and offer innovative financial services •Modular platform allows for flexibility in serving different sectors of the economy •Based on financial APIs and mobile apps, allowing for flexibility and scalability •Customized interfaces •Offers technical support ranging from APIs to regulatory. •Allows monitoring through a customized dashboard | ||||||||||||
| Solution | Description | Features and Benefits | ||||||||||||
| VHSYS | VHSYS is an omni-channel, cloud-based, API driven, POS and ERP platform built to serve a wide array of service and retail businesses. The fully self-service platform consists of over 40 applications such as order and sales management, invoicing, dynamic inventory management, cash and payments management, CRM, mobile messaging, along with multi-marketplace, logistics, and e-commerce integrations amongst others. | •Customizable and fully integrated customer dashboards that give merchants a complete snapshot of their business • Robust reporting applications to help the client manage their business •End-to-end integration of operations, payment transactions, accounting and compliance reporting | ||||||||||||
| Tablet Cloud | Tablet Cloud is a white label Point of Sale and simple ERP application focused on less sophisticated SMBs, which runs on smart POS and tablet solutions, giving business owners complete control over their cash register and inventory in a fully mobile device while having a robust ERP platform accessible online. | •Applications are acquired a la carte based on each business’s particular needs and preferences, built to scale with growth of business •Online and offline browser features, along with mobile, smart POS and tablet functionality | ||||||||||||
| Trinks | Trinks is a SaaS ERP and booking app which allows beauty and aesthetics service providers to manage all their operations. The system automates key components of service providers’ functions such as client appointments, work schedules, inventory control and supplier contacts. | •Integrated with Stone to allow the split of card payments between the salon and its employees •Online booking of client appointment •Work schedules •Inventory controls | ||||||||||||
| Menew | Menew is an ERP/POS software for food service with a strong regional presence in the northeast of Brazil and an expanding operation throughout the country. | •Connects merchants to a set of suppliers, allowing them to run their businesses in a consolidated platform •Provides a white-label delivery app for its merchants and has a seamless integrated solution with payments | ||||||||||||
| MLabs | MLabs is an SMB social media management platform. Its purpose is to be the best cost-effective platform to make social media actions more effective and consequently increase the online presence of their clients. MLabs functionalities are focused on the specific needs of SMBs, using a variety of methods to help them reduce content production costs, optimize media investments and increase efficiency in the operations of social media management. | •Scheduling Posts in different formats and social networks •Interact with followers in inbox, direct and comments from all social networks in a single screen •MLabs Studio helps clients make posts with image bank, filters, masks and much more •Reports to understand the audience and monitor competitors | ||||||||||||
| Questor | Questor is a management system for accounting offices and integrated cloud ERP offering for SMBs. Their almost 6,600 accounting clients serve more than 600,000 businesses across the whole country. | •Bookkeeping, fiscal and payroll module for accountants to do their customers’ accounts •Back office routine for accounting offices •Version for companies that do their own accounting, tax and payroll | ||||||||||||
| Solution | Description | Features and Benefits | ||||||||||||
| Sponte | Sponte is a leading provider of cloud ERP solutions for schools, with 4,800 clients in the segment and 2.0 million students, in an underpenetrated sector in terms of both payments and software. | •Fully cloud based ERP for schools and language academies •Student billing management (reoccurring via Card or “Boleto”) •Student report card management •Communication focused App for parents, children and schools to follow students daily routine | ||||||||||||
| SimplesVet | SimplesVet is an ERP solution for veterinary clinics, pet shops and autonomous veterinarians. | •Simple interface, with all information in a single place •Complete financial management •Automatic messages to increase customer loyalty •Seamless and integrated interface for websites •Support through online chat •Client portal to access data on their pet | ||||||||||||
| APP | APP is a software management company, focused on the hotel segment. | •Fully cloud-based solution for hotels •System integrated with reference companies in the segment •Agile, simple, and intuitive solution, available anywhere •24/7 technical support, with product specialists and accounts executives to accompany the clients’ journey | ||||||||||||
| ClinicWeb | ClinicWeb is Vitta’s ERP for medical clinics in Brazil, helping professionals from the health segment to manage their appointments, patient’s files, finance and marketing. | •Easy to manage the appointments, finance and marketing. •Offers online scheduling and telemedicine. | ||||||||||||
| Reclame Aqui | Reclame Aqui is a free public platform for consumers to complain about a product or service with a private interface for companies to respond to those complaints. | •Offers SaaS Solutions to B2B clients such as CRM tools, verified badges, brand pages and reviews •Integration with e-commerce platforms •One of the main symbols of legitimacy for businesses | ||||||||||||
| Nodis | Nodis is an app that helps clients digitize their businesses connecting them to the biggest marketplaces of the country such as Magalu, Americanas and Shoptime. Through one single portal, the merchant can control its catalog, manage the orders and shipping online. | •Registration and management of all orders in one place •Easy to manage the store online: sales, storage control, prices and complaints •No adhesion or monthly fee charged •Specialist sales team and accessible customer service | ||||||||||||
| Neomode | Neomode offers a sales channel and white label commerce app platform with integration to ERP, POS, e-commerce and gateways. | •Development and supply of solutions that integrate online channels and physical stores in the omnichannel concept •Agnostic and cloud-based solution | ||||||||||||
| Mercadapp | Mercadapp is a digital product that offers an APP and e-commerce for supermarkets which is integrated with POS and ERP. | •Helps supermarkets create their own app and e-commerce as additional sales channels •Offers complete data and reports about consumer behavior •Provides CRM-like features such as the organization of groups of consumers with similar behaviors to offer advantages and promotions | ||||||||||||
| Solution | Description | Features and Benefits | ||||||||||||
| RH Software | RH Software is an ERP for dental clinics, helping dentists better manage their businesses through features specifically designed for their needs. | •Booking of client appointment •Clients’ history accessible in all appointments with complete dental chart •Develops relationship and communication with clients through a marketing tool integrated into the clinic management system | ||||||||||||
| Plugg.to | Plugg.To integrates inventory, products and orders between the marketplaces and e-commerce platforms, POSs and ERPs in the market. | •Enables merchants to offer their products on multiple marketplaces seamlessly by integrating their virtual store and ERP with marketplace •Offers more than 70 marketplaces ready to start selling, from the largest and best known to niche markets •Catalog management with real-time synchronization •Automatic invoice issuer •Complete report generation for detailed analyses | ||||||||||||
| HubCount | Hubcount is a technology company focused on offering solutions for accounting offices and large corporations. | •Automation of accounting BI, dashboards and indicators •Automated financial statements and balance sheet consolidation •Provides financial analysis with specific parameterization in the Customer’s or HubCount’s model | ||||||||||||
| Reconciliation, TEF and QR | Software solutions that streamline the complex process of reconciling payments transactions, and managing cash flow. These powerful tools enable our clients, from brick and mortar SMBs to large online enterprises, to accept, reconcile and monitor transactional data from all payment solutions providers, such as merchant acquirers, e-wallets and gateways, giving transparency of fees paid, discounts/chargebacks, and taxes at the individual transaction level, in a single dashboard. | •Straightforward reporting and easy-to-use tools that assist merchants in resolving flagged inconsistencies in their transactions •Acceptance of new payment methods and natively integrated with client ERP systems •Automates the process of receivables management, such as downloading data from payments providers, reconciling transactions, and uploading information to a client’s ERP system | ||||||||||||
| Advertising | Engine designed to help industries and manufacturers improve their return on investment, or ROI, of their online advertising expenditures | •Industries and manufacturers to reach customers with significant buying potential at the right time through the largest online stores •The advertising engine allows publishers to monetize their websites through highly relevant ads for branded products, stores, and sales partners | ||||||||||||
| Analytics | Allows retailers to access graphs, benchmarks, product performance, user information, employee performance and other management tools. | •Designed to help retailers monitor in real time the day-to-day of running a business | ||||||||||||
| CRM | Designed to help our customers to manage their sales processes more efficiently, integrate marketing campaigns and content into their sales processes more efficiently and deliver high-quality service to their customers. | •Provides information to increase acquisition and retention and to maximize quality of service to the brand’s consumers. •Provides information to also allow our customers to appeal to new customers as well as re-acquire and reactivate inactive customers through marketing campaigns, loyalty programs and corporate gift cards. | ||||||||||||
| Solution | Description | Features and Benefits | ||||||||||||
| Connectivity | Suite of customized solutions to help retailers connect their consumers, protect their data and connect their network through a single point of contact. | •Technology team that monitors, manages and provides support seven days a week •We are able to interconnect headquarters and branches across the country with secure and high-performance dedicated links, through which many critical and high-value add retail services are transferred, particularly those that are cloud-based | ||||||||||||
| E-commerce platform | Our e-commerce services consist of the receipt of (i) wholesale orders and the monitoring of sales targets, (ii) directed sales to the final consumer and (iii) an interactive electronic catalog with information about inventory and prices, among others, that are integrated to the ERP system. | •Designed to enable our customers to offer consistent, relevant and personalized cross-channel shopping through catalog, merchandising, marketing, research and guided navigation, personalization, automated recommendations, and live help capabilities •Designed to enable our customers to strengthen customer loyalty, improve brand value, achieve better results of operations, enhance customer service and improve response times in online and traditional commercial settings | ||||||||||||
| Human Capital Management | Humanus integrates all Human Resources procedures, allowing the organization of activities, processes, and information in a safe and reliable way. | •Offers a Payroll solution composed of the essential modules for Personnel Department routines and “eSocial” •Online training platform for training employees •Increases efficiency in recruitment processes •The solution is totally customizable to meet the particularities of each business | ||||||||||||
| MID-E | Middleware application used to connect the Linx systems with the Brazilian tax authorities for the purpose of issuing an electronic invoice (NFe), and electronic consumer receipt (NFCe), in an integrated manner. | •MID-e Portal provides the retailer access to monitor the status and cancellation of electronic documents, registration certificates and information dashboards, as well as a complete control panel that displays all rejected invoices in real time •The platform is completely digital, and updates quickly, facilitating tax management. Explanatory charts also help the retailer analyze data and information accurately | ||||||||||||
| Mobility | Internally named “Smart POS.” Via smartphones or tablets, customers are served in a fast and customized manner, with no lines and far more interaction with the variety of products offered in the store. We offer solutions for different retail segments using features such as the virtual catalog, lookbook combinations, inventory query, pre-sale and sale record, waitlist and closure of service. | •Mobile solutions are offered in cloud and are integrated with our other software •These offerings focus on cross-selling within our existing customer base | ||||||||||||
| OMS | By using our OMS technology, retailers can meet orders originating from any channel, regardless of where the product is located. | •Multi-channel purchasing processes that integrate stores, franchises and distribution centers, thereby providing a single channel for our customers •Inventory shortage decrease and generates more consumer traffic and increased sales | ||||||||||||
| Solution | Description | Features and Benefits | ||||||||||||
| Point of Sale and ERP | Software solutions for our customers’ in-store terminals where sales transactions occur. In the vast majority of cases, these solutions are integrated with our own ERP software. Solutions for more than 10 retail segments. | •Expertise in all processes and legislation linked to the specific retail segment in which our customers operate, seeking to adapt our POS profile to each customer •Integrates many departments of a company, enabling the automation and storage of all business information •Serves customers from the most varied retail verticals, such as clothing, footwear, accessories, food service, car dealerships, construction materials, department stores, among many others | ||||||||||||
| Promo | Platform that facilitates the planning of promotions in a unified way, seeking to achieve the best results in each campaign, based on the needs of a retailer’s business. | •Helps to create promotions with diverse personalization criteria including: segmentation by audience, schedule, type of client, payment method, combos, birthdays, progressive discount vouchers and gifts | ||||||||||||
| Reshop | Multichannel platform designed for complete campaign management that works seamlessly with the retailer’s POS capturing real-time data. | •Offers the best practices for the retailer to achieve a higher rate of sales satisfaction | ||||||||||||
| Search and recommendation | Internally named “Linx Impulse.” Our search solution uses machine learning and proprietary algorithms that best fit the customer. | •Ensure that customers find the products they desire through e-commerce channels •Impact click through rates, or CTR, conversion rates and revenues per session | ||||||||||||
| Solution | Description | Features and Benefits | ||||||||||||
| Delivery Much | Delivery Much is a food delivery marketplace company focused on small-and-midsize cities, with a similar and synergistic expansion approach to ours. Delivery Much generates more sales to restaurants using their consumer client base. | •B2C app to choose, order and pay online for food delivery •API with restaurants ERPs/POS to make the operations easier on the delivery management. | ||||||||||||
| Cappta | Cappta offers offline gateway, also called TEF, in which merchants can have efficiency gains and agility in the processes related to cash closing and conciliation of receivables as the payment’s system is directly integrated with goods and services sold in the store. | •Avoids errors while conciliating receivables •Decreases the time of cash closing •Guarantees transactions’ information are sent to the acquirer with the best package of fees and services to the card’s scheme. | ||||||||||||
| PinPag | PinPag is specialized in means of payments and offers. | •Reinforces the financial platform for retailers, especially car dealership management. | ||||||||||||
| CreditInfo Caribbean (Stone CI) | CreditInfo is a credit bureau provider, having as main products credit reports, credit scores, monitoring, international business reports and a suite of value-added services, with three operational countries in the Caribbean. | •International experience in building and analyzing data for risk management, especially credit •Main credit bureau in some Caribbean regions •New ways and vehicles to create database analyses •Platform of solutions that facilitate and accelerate the decision making process | ||||||||||||

(1) | For more details on the subsidiaries, please refer to Item 4 – Group Information on the Notes to consolidated financial statements. | ||||
(2) | Vitta has subsidiaries, in which we have 100% of equity interest. Please refer to Item 4 – Group Information on the Notes to consolidated financial statements for more details. | ||||
(3) | Formerly “Stone Pagamentos S.A.”. We changed our corporate name due to Resolution No. 80/2021 of Brazilian Central Bank. | ||||
(4) | 17 other subsidiaries, including software companies. Please refer to Item 4 – Group Information on the Notes to consolidated financial statements for more details. | ||||
(5) | 42.25% of StoneCo CI are held by InfoCapital EhF and 10% are held by CS2 Invest PTY Ltd. In addition, through the investment in StoneCo CI, we hold 47.75% interest in Creditinfo Jamaica Ltd., Creditinfo Guyana Inc. and Creditadvice Barbados Ltda. (our wholly owned subsidiary). Please refer to Item 4 – Group Information on the Notes to consolidated financial statements for more details. | ||||
(6) | 50% of Reclame Aqui Holding Ltd. are held by VLP Holding Ltd. Reclame Aqui Holding Ltd. has subsidiaries, in which we have 50% of equity interest. Please refer to Item 4 – Group Information on the Notes to consolidated financial statements for more details. | ||||
(7) | Stone Holding Instituições S.A. was incorporated due to a requirement of Brazilian Central Bank, in order to maintain the control of Stone Instituição de Pagamento held by Brazilian company. | ||||
(8) | STNE Investimentos S.A. and Equals Software S.A. were incorporated due to our corporate reorganization. | ||||
(9) | Trampolin was merged into Pagar.me on April 2023. This merger is in process to be registered before the commercial registry. | ||||


| For the Year Ended December 31, | |||||||||||||||||
| 2022 | 2021 | 2020 | |||||||||||||||
Real growth (contraction) in gross domestic product | 2.90 | % | 5.00 | % | (3.30) | % | |||||||||||
Inflation (IGP-M)(1) | 5.45 | % | 17.78 | % | 23.14 | % | |||||||||||
Inflation (IPCA)(2) | 5.79 | % | 10.06 | % | 4.52 | % | |||||||||||
Long-term interest rates—TJLP (average)(3) | 6.78 | % | 4.80 | % | 4.87 | % | |||||||||||
CDI interest rate(4) | 12.45 | % | 4.46 | % | 2.77 | % | |||||||||||
Period-end exchange rate—reais per US$1.00 | R$5.2177 | R$5.5805 | R$5.1967 | ||||||||||||||
Average exchange rate—reais per US$1.00(5) | R$5.1655 | R$5.3956 | R$5.1578 | ||||||||||||||
Appreciation (depreciation) of the real vs. US$ in the period(6) | 7.00 | % | (6.90) | % | (22.44) | % | |||||||||||
Unemployment rate(7) | 9.30 | % | 11.10 | % | 13.80 | % | |||||||||||
Source: FGV, IBGE, Central Bank and B3. | |||||
(1) | Inflation (IGP-M) is the general market price index measured by the FGV. | ||||
(2) | Inflation (IPCA) is a broad consumer price index measured by the IBGE. | ||||
(3) | TJLP is the Brazilian long-term interest rate (average of monthly rates for the period). | ||||
(4) | The CDI (certificado de depósito interbancário) interest rate is an average of interbank overnight rates in Brazil, accumulated during the corresponding period. | ||||
(5) | Average of the exchange rate on each business day of the year. | ||||
(6) | Comparing the US$ closing selling exchange rate as reported by the Central Bank at the end of the period’s last day with the day immediately prior to the first day of the period discussed. | ||||
(7) | Average unemployment rate for year as measured by the IBGE. | ||||
| For the Year Ended December 31, | |||||||||||||||||||||||
| 2022 | 2021 | Variation (R$) | Variation (%) | ||||||||||||||||||||
| R$ millions, except amounts per share | |||||||||||||||||||||||
Statement of profit or loss data: | |||||||||||||||||||||||
Net revenue from transaction activities and other services | 2,617.4 | 1,626.9 | 990.6 | 60.9 | % | ||||||||||||||||||
Net revenue from subscription services and equipment rental | 1,760.9 | 1,071.9 | 689.0 | 64.3 | % | ||||||||||||||||||
Financial income | 4,638.0 | 1,877.7 | 2,760.3 | 147.0 | % | ||||||||||||||||||
Other financial income | 572.6 | 247.3 | 325.3 | 131.5 | % | ||||||||||||||||||
Total revenue and income | 9,588.9 | 4,823.8 | 4,765.2 | 98.8 | % | ||||||||||||||||||
Cost of services | (2,669.8) | (1,713.8) | (955.9) | 55.8 | % | ||||||||||||||||||
Administrative expenses | (1,121.4) | (813.3) | (308.0) | 37.9 | % | ||||||||||||||||||
Selling expenses | (1,511.2) | (1,012.5) | (498.7) | 49.3 | % | ||||||||||||||||||
| Mark-to-market on equity securities designated at FVPL | (853.1) | (1,264.2) | 411.2 | (32.5) | % | ||||||||||||||||||
Financial expenses, net | (3,514.7) | (1,269.1) | (2,245.7) | 177.0 | % | ||||||||||||||||||
Other operating expenses, net | (302.5) | (185.9) | (116.6) | 62.7 | % | ||||||||||||||||||
Loss on investment in associates | (3.6) | (10.4) | 6.8 | (65.6) | % | ||||||||||||||||||
Profit (loss) before income taxes | (387.3) | (1,445.6) | 1,058.3 | (73.2) | % | ||||||||||||||||||
Income tax and social contribution | (139.1) | 68.2 | (207.3) | n.m. | |||||||||||||||||||
Profit (loss) for the year | (526.4) | (1,377.3) | 851.0 | (61.8) | % | ||||||||||||||||||
Profit (loss) for the year | |||||||||||||||||||||||
Attributable to owners of the parent | (519.4) | (1,358.8) | 839.4 | (61.8) | % | ||||||||||||||||||
Attributable to non-controlling interests | (7.0) | (18.5) | 11.6 | (62.3) | % | ||||||||||||||||||
Basic profit (loss) per share for the year attributable to owners of the parent (R$) | (1.67) | (4.40) | 2.73 | (62.1) | % | ||||||||||||||||||
Diluted profit (loss) per share for the year attributable to owners of the parent (R$) | (1.67) | (4.40) | 2.73 | (62.1) | % | ||||||||||||||||||
| For the Year Ended December 31, | |||||||||||||||||||||||
| 2022 | 2021 | Variation (R$) | Variation (%) | ||||||||||||||||||||
| R$ millions, except amounts per share | |||||||||||||||||||||||
TPV (in billions) | 367.4 | 275.4 | 92.0 | 33.4 | % | ||||||||||||||||||
Active clients (in thousands) | 2,584.0 | 1,766.1 | 817.9 | 46.3 | % | ||||||||||||||||||
| For the Year Ended December 31, | |||||||||||||||||||||||
| 2022 | 2021 | Variation (R$) | Variation (%) | ||||||||||||||||||||
| R$ millions, except amounts per share | |||||||||||||||||||||||
Net revenue from transaction activities and other services | 2,617.4 | 1,626.9 | 990.6 | 60.9 | % | ||||||||||||||||||
Net revenue from subscription services and equipment rental | 1,760.9 | 1,071.9 | 689.0 | 64.3 | % | ||||||||||||||||||
Financial income | 4,638.0 | 1,877.7 | 2,760.3 | 147.0 | % | ||||||||||||||||||
Other financial income | 572.6 | 247.3 | 325.3 | 131.5 | % | ||||||||||||||||||
Total revenue and income | 9,588.9 | 4,823.8 | 4,765.2 | 98.8 | % | ||||||||||||||||||
| For the Year Ended December 31, | |||||||||||||||||||||||
| 2021 | 2020 | Variation (R$) | Variation (%) | ||||||||||||||||||||
| R$ millions, except amounts per share | |||||||||||||||||||||||
Statement of profit or loss data: | |||||||||||||||||||||||
Net revenue from transaction activities and other services | 1,626.9 | 1,144.1 | 482.8 | 42.2 | % | ||||||||||||||||||
Net revenue from subscription services and equipment rental | 1,071.9 | 388.0 | 683.9 | 176.3 | % | ||||||||||||||||||
Financial income | 1,877.7 | 1,647.0 | 230.7 | 14.0 | % | ||||||||||||||||||
Other financial income | 247.3 | 140.7 | 106.6 | 75.8 | % | ||||||||||||||||||
Total revenue and income | 4,823.8 | 3,319.8 | 1,504.0 | 45.3 | % | ||||||||||||||||||
Cost of services | (1,713.8) | (769.9) | (943.9) | 122.6 | % | ||||||||||||||||||
Administrative expenses | (813.3) | (392.5) | (420.8) | 107.2 | % | ||||||||||||||||||
Selling expenses | (1,012.6) | (505.9) | (506.7) | 100.2 | % | ||||||||||||||||||
| Mark-to-market on equity securities designated at FVPL | (1,264.2) | — | (1,264.2) | 100.0 | % | ||||||||||||||||||
Financial expenses, net | (1,269.1) | (339.8) | (929.3) | 273.5 | % | ||||||||||||||||||
Other operating expenses, net | (185.9) | (177.1) | (8.8) | 5.0 | % | ||||||||||||||||||
Loss on investment in associates | (10.4) | (6.9) | (3.5) | 50.7 | % | ||||||||||||||||||
Profit (loss) before income taxes | (1,445.5) | 1,127.7 | (2,573.2) | (228.2) | % | ||||||||||||||||||
Income tax and social contribution | 68.2 | (290.2) | 358.4 | (123.5) | % | ||||||||||||||||||
Profit (loss) for the year | (1,377.3) | 837.4 | (2,214.7) | (264.5) | % | ||||||||||||||||||
Profit (loss) for the year | |||||||||||||||||||||||
Attributable to owners of the parent | (1,358.8) | 854.1 | (2,212.9) | (259.1) | % | ||||||||||||||||||
Attributable to non-controlling interests | (18.5) | (16.6) | (1.9) | 11.4 | % | ||||||||||||||||||
Basic profit (loss) per share for the year attributable to owners of the parent (R$) | (R$4.40) | R$2.95 | (R$7.35) | (249.2) | % | ||||||||||||||||||
Diluted profit (loss) per share for the year attributable to owners of the parent (R$) | (R$4.40) | R$2.91 | (R$7.31) | (251.2) | % | ||||||||||||||||||
| For the Year Ended December 31, | |||||||||||||||||||||||
| 2021 | 2020 | Variation (R$) | Variation (%) | ||||||||||||||||||||
| R$ millions, except amounts per share | |||||||||||||||||||||||
TPV (in billions) | 275.4 | 209.9 | 65.5 | 31.2 | % | ||||||||||||||||||
Active clients (in thousands)* | 1,766.1 | 774.5 | 991.6 | 128.0 | % | ||||||||||||||||||
| * | In our 2020 reporting, we did not consider TON clients in our reported numbers. Therefore, such numbers differ from the current reported numbers. | ||||
| For the Year Ended December 31, | |||||||||||||||||||||||
| 2021 | 2020 | Variation (R$) | Variation (%) | ||||||||||||||||||||
| R$ millions, except amounts per share | |||||||||||||||||||||||
Net revenue from transaction activities and other services | 1,626.9 | 1,144.1 | 482.8 | 42.2 | % | ||||||||||||||||||
Net revenue from subscription services and equipment rental | 1,071.9 | 388.0 | 683.9 | 176.3 | % | ||||||||||||||||||
Financial income | 1,877.7 | 1,647.0 | 230.7 | 14.0 | % | ||||||||||||||||||
Other financial income | 247.3 | 140.7 | 106.6 | 75.8 | % | ||||||||||||||||||
Total revenue and income | 4,823.8 | 3,319.8 | 1,504.0 | 45.3 | % | ||||||||||||||||||
| For the Year Ended December 31, | |||||||||||||||||
| 2022 | 2021 | 2020 | |||||||||||||||
| R$ millions | |||||||||||||||||
Liquidity and Capital Resources: | |||||||||||||||||
Cash and cash equivalents | 1,512.6 | 4,495.6 | 2,447.0 | ||||||||||||||
| Net cash provided by operating activities | 1,683.7 | 3,606.9 | 56.5 | ||||||||||||||
Net cash used in investing activities | (1,871.1) | (2,977.2) | (5,809.0) | ||||||||||||||
Net cash provided by / (used in) financing activities | (2,810.1) | 1,419.4 | 7,216.2 | ||||||||||||||
Foreign exchange in cash equivalents | 14.5 | (0.5) | 15.0 | ||||||||||||||
| Total change in cash and cash equivalents | (2,983.0) | 2,048.6 | 1,478.7 | ||||||||||||||
| Average annual interest rate % | Maturity | Current portion | Non-current portion | As of December 31, 2022 Amount (R$ million) | As of December 31, 2021 Amount (R$ million) | ||||||||||||||||||
Obligations to FIDC AR III quota holders(i) | CDI Rate* + 1.50% | Aug/23 | 952.7 | — | 952.8 | 2,206.0 | |||||||||||||||||
Obligations to FIDC TAPSO quota holders(ii) | CDI Rate* + 1.80% | Feb/23 | 22.5 | — | 22.5 | 21.1 | |||||||||||||||||
| Obligations to FIDC quota holders | 975.2 | — | 975.3 | 2,227.1 | |||||||||||||||||||
Leases(iii) | 105.1% to 151.8% of CDI Rate* | Jan/23 to Jun/29 | 55.6 | 144.6 | 200.1 | 273.5 | |||||||||||||||||
Bonds(iv) | 3.95% USD | Jun/28 | 4.0 | 2,583.9 | 2,587.9 | 2,764.6 | |||||||||||||||||
Bank borrowings(v) | CDI + 0.95%. to CDI + 1.44% | Three to eighteen months | 1,787.8 | — | 1,787.8 | 2,697.6 | |||||||||||||||||
Debentures(vi) | 101.4% of CDI Rate* | Jul/22 | — | — | — | 399.5 | |||||||||||||||||
| Loans and financing | 1,847.4 | 2,728.5 | 4,575.8 | 6,135.2 | |||||||||||||||||||
Total Debt | 2,822.6 | 2,728.5 | 5,551.1 | 8,362.3 | |||||||||||||||||||
* | “CDI Rate” means the Brazilian interbank deposit (Certificado de Depósito Interbancário) rate, which is an average of interbank overnight rates in Brazil, the average rate of 2022 was 12.38% (2021 – 4.42%). | ||||
(i) | Obligations to FIDC AR III quota holders In August 2020, the first series of FIDC AR III senior quotas was issued, with an amount of up to R$2,500.0 million, and maturity in 2023. They were issued for 36 months, with a grace period of 15 months to repay the principal amount. During the grace period, the payment of interest was made every three months. After this period, the amortization of the principal and the payment of interest was made every three months. The benchmark return rate is CDI + 1.5% per year. Payments mainly refer to the amortization of the principal and the payment of interest of the first series of FIDC AR III. | ||||
(ii) | Obligations to FIDC TAPSO quota holders In March 2021, we negotiated an amendment of the contract to postpone the payment date of the principal to March 2022 and the benchmark return rate became 100% of the CDI + 1.50% per year. In February 2022, we negotiated an amendment of the contract to postpone the payment date of the principal to March 2023 and the benchmark return rate became 100% of the CDI + 1.80% per year | ||||
(iii) | Leases We have lease contracts for various items of offices, vehicles and software in its operations. Our obligations under its leases are secured by the lessor’s title to the leased assets. Generally, we are restricted from assigning and subleasing the leased assets. | ||||
(iv) | Bonds In June 2021, we issued our inaugural dollar bonds, raising US$500 million in 7-year notes with a final yield of 3.95%. The total issuance was R$2,510.4 million (R$2,477.4 million net of the offering transaction costs, which will be amortized over the course of the debt). See “Item 5. Operating and Financial Review and Prospects—B. Liquidity and capital resources—Issuance of Inaugural Bonds.” | ||||
(v) | Bank borrowings In the years 2022 and 2021, we issued CCBs (Bank Credit Notes). The principal and the interests of this type of loan are paid at maturity, which is between three to eighteen months. The proceeds of these loans were used mainly for the prepayment of receivables. As of December 31, 2022, the outstanding was R$1,787.8 million. | ||||
(vi) | Debentures On June 12, 2019 Stone Instituição de Pagamento S.A. (formerly Stone Pagamentos) approved the issuance of simple, secured and non-convertible debentures, sole series, for public distribution, with restricted distribution efforts, as amended, in the total amount of up to R$400.0 million, received between June and July, maturing in 2022. The Debentures are secured by Stone Instituição de Pagamento’ (formerly Stone Pagamentos) accounts receivable from card issuers and bear interest at a rate of 109.0% of the CDI rate. | ||||
Payments Due By Period(1) | |||||||||||||||||||||||||||||
| Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years | |||||||||||||||||||||||||
| (R$ millions) | |||||||||||||||||||||||||||||
Debt and FIDC quota holder obligations | 7,477 | 3,228 | 332 | 1,192 | 2,725 | ||||||||||||||||||||||||
Leases(2) | 200 | 56 | 99 | 40 | 5 | ||||||||||||||||||||||||
Total | 7,677 | 3,284 | 431 | 1,232 | 2,730 | ||||||||||||||||||||||||
(1) | Amounts refer to contractual undiscounted cash flows. | ||||
(2) | Consists of office leases, software leases and lease and insurance costs for motorcycles used by our Green Angels. | ||||
Payments Due By Period(1) | |||||||||||||||||||||||||||||
| Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years | |||||||||||||||||||||||||
| (R$ millions) | |||||||||||||||||||||||||||||
Debt and FIDC quota holder obligations | 9,981 | 4,320 | 1,900 | 836 | 2,925 | ||||||||||||||||||||||||
Leases(2) | 181 | 48 | 69 | 25 | 39 | ||||||||||||||||||||||||
Total | 10,162 | 4,368 | 1,969 | 861 | 2,964 | ||||||||||||||||||||||||
(1) | Amounts refer to contractual undiscounted cash flows. | ||||
(2) | Consists of office leases, software leases and lease and insurance costs for motorcycles used by our Green Angels. | ||||
| Outstanding quotas held by the Group | ||||||||
| Fundo de Investimento em Direitos Creditórios - Bancos Emissores de Cartão de Crédito - Stone III ("FIDC AR III") | 100% of subordinated quotas representing approximately 21% of total (subordinated and senior and/or mezzanine) quotas | |||||||
| Tapso Fundo de Investimento em Direitos Creditórios ("FIDC TAPSO") | 100% of subordinated quotas representing approximately 99% of total (subordinated and senior and/or mezzanine) quotas | |||||||
| Tapso II Fundo de Investimento em Direitos Creditórios ("FIDC TAPSO II") | 100% of subordinated quotas representing total quotas | |||||||
| SOMA Fundo de Investimentos em Direitos Creditórios Não Padronizados ("FIDC SOMA") | 100% of subordinated quotas representing total quotas | |||||||
| SOMA III Fundo de Investimentos em Direitos Creditórios Não Padronizados ("FIDC SOMA III") | 100% of subordinated quotas representing total quotas | |||||||
| Stoneco exclusivo Fundo de Investimento em Cotas de Fundo de Investimento Multimercado Crédito Privado ("FIC FIM STONECO") | 100% of all outstanding quotas of a single class | |||||||
| Retail Renda Fixa Crédito Privado Fundo de Investimento ("Fundo Retail") | 100% of all outstanding quotas of a single class | |||||||
| Estimated useful lives (years) | |||||
| Pin Pads & POS | 5 | ||||
| IT equipment | 3 – 10 | ||||
| Facilities | 3 – 14 | ||||
| Property | 34 | ||||
| Furniture and fixtures | 3 – 10 | ||||
| Machinery and equipment | 5 – 14 | ||||
| Vehicles and airplanes | 2 – 10 | ||||
| Estimated useful lives (years) | |||||
| Software | 3 – 10 | ||||
| Customer relationship | 2 – 34.5 | ||||
| Trademarks and patents | 7 – 30.9 | ||||
| Non-compete agreement | 5 | ||||
| Licenses | 1 – 5 | ||||
| Name | Age | Position | ||||||||||||
André Street de Aguiar(1) | 38 | Director and Chairman | ||||||||||||
Conrado Engel(1) | 65 | Director and Vice Chairman | ||||||||||||
Diego Fresco Gutiérrez(2)(3) | 53 | Director | ||||||||||||
Luciana Ibiapina Lira Aguiar(2) | 49 | Director | ||||||||||||
| Luiz André Barroso | 59 | Director | ||||||||||||
Mauricio Luis Luchetti(1)(2) | 64 | Director | ||||||||||||
Patricia Regina Verderesi Schindler(3) | 52 | Director | ||||||||||||
Thiago dos Santos Piau(3) | 33 | Director | ||||||||||||
(1) | Member of our People and Compensation Committee. | ||||
(2) | Member of our Audit Committee. | ||||
(3) | Member of our Finance and Risks Committee. | ||||
| Name | Age | Position | ||||||||||||
| Augusto Barbosa Estellita Lins | 60 | President | ||||||||||||
| Caio Fiuza | 45 | Chief Operation Officer (Financial Platform Division) | ||||||||||||
| Diego Salgado | 39 | Treasurer Officer | ||||||||||||
| Gilsinei Valcir Hansen | 49 | Chief Operation Officer (Software Division) | ||||||||||||
| João Bernartt | 43 | Chief Information Officer | ||||||||||||
| Lia Machado de Matos | 46 | Chief Strategy Officer | ||||||||||||
| Marcus Fontoura | 50 | Chief Technology Officer | ||||||||||||
| Mateus Scherer Schwening | 27 | Vice President of Finance | ||||||||||||
| Pedro Zinner | 49 | Chief Executive Officer | ||||||||||||
| Rafael Martins Pereira | 37 | Investor Relations Executive Officer | ||||||||||||
| Sandro Bassili | 53 | Chief People and Management Officer | ||||||||||||
| Silvio José Morais | 60 | Interim Chief Financial Officer | ||||||||||||
| Tatiana Malamud | 53 | Chief Legal and Compliance Officer | ||||||||||||
| Vinícius do Nascimento Carrasco | 46 | Chief Economist and Regulatory Affairs Executive Officer | ||||||||||||
| Board Diversity Matrix (as of December 31, 2022) | |||||||||||||||||||||||
| Country of Principal Executive Offices | Cayman Islands | ||||||||||||||||||||||
| Foreign Private Issuer | Yes (the Cayman Islands) | ||||||||||||||||||||||
| Disclosure Prohibited under Home Country Law | No | ||||||||||||||||||||||
| Total Number of Directors | 8 | ||||||||||||||||||||||
| Female | Male | Non-Binary | Did Not Disclose Gender | ||||||||||||||||||||
| Part I: Gender Identity | |||||||||||||||||||||||
| Directors | 2 | 6 | 0 | 0 | |||||||||||||||||||
| Part II: Demographic Background | |||||||||||||||||||||||
| Underrepresented Individual in Home Country Jurisdiction | 0 | 1 | 0 | 0 | |||||||||||||||||||
| LGBTQ+ | 0 | 0 | 0 | 0 | |||||||||||||||||||
| Did not Disclose Demographic Background | 2 | 5 | 0 | 0 | |||||||||||||||||||
| Number of Employees | % of Total | Number of Employees | ||||||||||||||||||||||||
| Function | 2022 | 2021 | 2020 | |||||||||||||||||||||||
Administrative | 2,199 | 13.2 | % | 2,189 | 1,019 | |||||||||||||||||||||
Operations | 4,839 | 29.0 | % | 5,115 | 2,356 | |||||||||||||||||||||
Technology and Product Development | 4,608 | 27.6 | % | 4,194 | 1,479 | |||||||||||||||||||||
Sales and Marketing | 5,039 | 30.2 | % | 6,187 | 4,125 | |||||||||||||||||||||
Total | 16,685 | 100% | 17,685 | 8,979 | ||||||||||||||||||||||
| Shares Beneficially Owned | % of Total Voting Power(1) | ||||||||||||||||||||||||||||
| Class A | Class B | ||||||||||||||||||||||||||||
| Shares | % | Shares | % | ||||||||||||||||||||||||||
André Street(2) | 4,245,285 | 1.44% | 16,925,909 | 90.27% | 36.02% | ||||||||||||||||||||||||
| Augusto Barbosa Estellita Lins | * | * | — | — | * | ||||||||||||||||||||||||
| Caio Fiuza | * | * | — | — | * | ||||||||||||||||||||||||
| Conrado Engel | — | — | — | — | — | ||||||||||||||||||||||||
| Diego Fresco Gutierrez | — | — | — | — | — | ||||||||||||||||||||||||
| Diego Salgado | — | — | — | — | — | ||||||||||||||||||||||||
| Gilsinei Valcir Hansen | * | * | — | — | * | ||||||||||||||||||||||||
| João Bernartt | — | — | — | — | — | ||||||||||||||||||||||||
| Lia Machado de Matos | * | * | — | — | * | ||||||||||||||||||||||||
| Luciana Ibiapina Lira Aguiar | — | — | — | — | — | ||||||||||||||||||||||||
| Marcus Fontoura | — | — | — | — | — | ||||||||||||||||||||||||
| Mateus Scherer Schwening | * | * | — | — | * | ||||||||||||||||||||||||
| Mauricio Luis Luchetti | * | * | — | — | * | ||||||||||||||||||||||||
| Patricia Regina Verderesi Schindler | — | — | — | — | — | ||||||||||||||||||||||||
Pedro Henrique Cavallieri Franceschi (3) | — | — | — | — | — | ||||||||||||||||||||||||
| Pedro Zinner | * | * | — | — | * | ||||||||||||||||||||||||
| Rafael Martins Pereira | * | * | — | — | * | ||||||||||||||||||||||||
| Sandro Bassili | * | * | — | — | * | ||||||||||||||||||||||||
| Silvio José Morais | * | * | — | — | * | ||||||||||||||||||||||||
| Tatiana Malamud | — | — | — | — | — | ||||||||||||||||||||||||
| Thiago dos Santos Piau | * | * | — | — | * | ||||||||||||||||||||||||
| Vinícius do Nascimento Carrasco | * | * | — | — | * | ||||||||||||||||||||||||
All directors and senior management as a group (22 persons) | 6,563,765 | 2.23% | 16,925,909 | 90.27% | 36.50% | ||||||||||||||||||||||||
| * | Each of these directors and officers beneficially owns less than 1% of the total number of outstanding Class A common shares. | ||||
(1) | Percentage of total voting power represents voting power with respect to all of our Class A common shares and Class B common shares, as a single class. Holders of our Class B common shares are entitled to 10 votes per share, whereas holders of our Class A common shares are entitled to one vote per share. | ||||
(2) | Shares beneficially owned consists of (i) 1,286,022 Class B and 3,737,449 Class A Common Shares held of record by VCK Investment Fund Limited (SAC) A (“VCK A”), a segregated account of VCK Investment Fund Limited (SAC) (“VCK”), (ii) 683,926 Class B and 507,836 Class A common shares held of record by Cakubran Holdings Ltd., a company controlled by VCK A and (iii) 14,955,142 Class B Common Shares held of record by HR Holdings, LLC, a company controlled by ACP Investments Ltd. — Arpex Capital, in turn jointly controlled by VCK A. Mr Street may be deemed to have voting and dispositive power over the shares of HR Holdings, LLC and Cakubran Holdings Ltd. | ||||
(3) | Pedro Franceschi presented his resignation from our Board in April 2023. Luiz André Barroso was appointed as a member of our Board of Directors in April 2023. | ||||
| Shares Beneficially Owned | % of Total Voting Power(1) | ||||||||||||||||||||||||||||
| Class A | Class B | ||||||||||||||||||||||||||||
| Shares | % | Shares | % | ||||||||||||||||||||||||||
5% Shareholders | |||||||||||||||||||||||||||||
HR Holdings LLC(2) | — | — | % | 14,955,142 | 79.77 | % | 31.05 | % | |||||||||||||||||||||
Madrone Partners L.P.(3) | 25,339,276 | 8.61 | % | — | — | 5.26 | % | ||||||||||||||||||||||
BlackRock, Inc.(4) | 22,305,392 | 7.58 | % | — | — | 4.63 | % | ||||||||||||||||||||||
The Pontes Family Trust (5) | 76,449 | 0.03 | % | 1,823,680 | 9.73 | % | 3.80 | % | |||||||||||||||||||||
VCK Investment Fund Limited (SAC A) (6) | 3,737,449 | 1.27 | % | 1,286,022 | 6.86 | % | 3.45 | % | |||||||||||||||||||||
(1) | Percentage of total voting power represents voting power with respect to all of our Class A common shares and Class B common shares, as a single class. Holders of our Class B common shares are entitled to 10 votes per share, whereas holders of our Class A common shares are entitled to one vote per share. | ||||
(2) | Mr. Street may be deemed to have voting and dispositive power over the shares of HR Holdings LLC and Cakubran Holdings Ltd that are distributed as follows (i) 683,926 Class B and 507,836 Class A Common shares held of record by Cakubran Holdings Ltd., a company controlled by VCK Investment Fund Limited (SAC A), and (ii) 14,955,142 Class B Common shares held of record by HR Holdings LLC, a company also controlled by VCK A. Please refer to footnote 6 for additional information around VCK A. The business address of HR Holdings LLC is 108 West 13th Street, Wilmington, Delaware 19801 - New Castle. The business address of Cakubran Holdings Ltd is Intertrust Corporate Services (Cayman) Limited, 190, Elgin Avenue, George Town, Grand Cayman KY1-9005, Cayman Islands. | ||||
(3) | The information in the above table concerning Madrone Partners L.P. was obtained from a Schedule 13F filed with the Securities and Exchange Commission by Madrone Partners L.P. on December 31, 2022 reporting beneficial ownership at December 31, 2022. Consists of common shares held of record by Madrone Partners, L.P. Madrone Capital Partners, LLC is the general partner of Madrone Partners, L.P. Thomas Patterson, Greg Penner and Jameson McJunkin are managing members of Madrone Capital Partners, LLC and may be deemed to have voting and dispositive power over the shares held by Madrone Partners, L.P. The address of each of these entities is 1149 Chestnut Street, Suite 200, Menlo Park, CA 94025. | ||||
(4) | The information in the above table concerning BlackRock, Inc. was obtained from a Schedule 13G filed with the Securities and Exchange Commission by BlackRock, Inc.. on February 3, 2023 reporting beneficial ownership at December 31, 2022. BlackRock, Inc. beneficially owns 22,305,392 of our common shares; has sole voting power with respect to 21,040,643 shares, and sole dispositive power with respect to 22,305,392 shares. The address of BlackRock, Inc.'s principal business office is 55 East 52nd Street, New York, NY 10055. | ||||
(5) | VITI Jersey Limited Partnership (“VITI”) is the record holder of 8,452,383 Class A Common shares. VITI is a limited partnership, the sole limited partner of which is Vistra Trust Company (Jersey) Limited acting in its capacity as trustee of the Old Bridges Trust. The general partner of VITI is also wholly owned by the trustee of the Old Bridges Trust. The Old Bridges Trust was settled by Mr. Pontes, who retains a right of revocation over the Old Bridges Trust and is therefore the ultimate beneficial owner of the assets of the Old Bridges Trust. Vistra Trust Company (Jersey) Limited also acts in capacity as trustee of The Pontes Family Trust, which is the beneficial owner of 1,823,680 Class B common shares and 76,449 Class A common shares. The Pontes Family Trust was settled by Mr. Pontes, who retains a right of revocation over The Pontes Family Trust and is therefore the ultimate beneficial owner of the assets of the Pontes Family Trust, however share voting and investment power lies with the trustees of The Pontes Family Trust. Mr. Pontes also holds interests in 230,822 Class A Common shares through TCB Investments Limited Partnership (“TCB”), a Bahamian limited partnership. The business address of VITI is 4th Floor, St Paul's Gate, 22/24 New Street, St Helier, Jersey JE14TR. The business address of TCB is 2nd Floor, Goodman's Bay Corporate CentreWest Bay Street,P.O. Box SP-61567Nassau, Bahamas. The address of Old Bridges Trust and The Pontes Family Trust is 4th Floor, St Paul's Gate, 22/24 New Street, St Helier, Jersey JE14TR. | ||||
(6) | Mr Street is the primary investor of VCK Investment Fund Limited (SAC) A ("VCK A"), a segregated account of VCK Investment Fund Limited (SAC) ("VCK") which is the owner of 1,286,022 Class B and 3,737,449 Class A Common Shares held of record by VCK Investment Fund Limited (SAC) A (“VCK A”), a segregated account of VCK Investment Fund Limited (SAC) (“VCK”). The business address of VCK A is 2nd floor Bahamas Financial Centre, Shirley & Charlotte Streets, Nassau, Bahamas. | ||||
| Risk Factor | Asset/ Liability | VaR 1 day (thousand) | VaR 10 days (thousand) | VaR 60 days (thousand) | ||||||||||||||||||||||
| Interest rates | Account receivables from credit card issuers | 123 | 491 | 575 | ||||||||||||||||||||||
| Foreign currency exchange | US$ denominated assets/liabilities/derivatives | 764 | 2,443 | 6,881 | ||||||||||||||||||||||
Equity price(i) | Traded securities | 19,355 | 43,730 | 99,469 | ||||||||||||||||||||||
(i) | We held equity stakes of Banco Inter S.A. (B3: BIDI3; BIDI4; BIDI11). The VaR figures are calculated based on historical data and are suited to estimate the potential financial loss incurred by us using a level of confidence of 95% on normal market conditions. | ||||
| Notional in US$ | Notional in R$ | Pay rate in local currency | Trade date | Due date | Fair value as of December 31, 2022 – Asset (Liability) | Loss recognized in income for the twelve months ended December 31, 2022 | Loss recognized in OCI for the twelve months ended December 31, 2022 | |||||||||||||||||||||||||||||||||||||
| (in US$ million) | ||||||||||||||||||||||||||||||||||||||||||||
| 50,000 | 248,500 | CDI + 2.94% | June 23, 2021 | June 16, 2028 | (15.3) | (46.2) | (22.5) | |||||||||||||||||||||||||||||||||||||
| 50,000 | 247,000 | CDI + 2.90% | June 24, 2021 | June 16, 2028 | (14.8) | (52.8) | (22.2) | |||||||||||||||||||||||||||||||||||||
| 50,000 | 248,500 | CDI + 2.90% | June 24, 2021 | June 16, 2028 | (16.0) | (45.4) | (21.8) | |||||||||||||||||||||||||||||||||||||
| 75,000 | 375,263 | CDI + 2.99% | June 30, 2021 | June 16, 2028 | (26.2) | (53.8) | (31.7) | |||||||||||||||||||||||||||||||||||||
| 50,000 | 250,700 | CDI + 2.99% | June 30, 2021 | June 16, 2028 | (17.8) | (38.4) | (21.0) | |||||||||||||||||||||||||||||||||||||
| 50,000 | 250,110 | CDI + 2.98% | June 30, 2021 | June 16, 2028 | (17.4) | (45.6) | (21.1) | |||||||||||||||||||||||||||||||||||||
| 25,000 | 127,353 | CDI + 2.99% | July 15, 2021 | June 16, 2028 | (10.4) | (30.2) | (10.0) | |||||||||||||||||||||||||||||||||||||
| 25,000 | 127,353 | CDI + 2.99% | July 15, 2021 | June 16, 2028 | (10.5) | (23.5) | (10.0) | |||||||||||||||||||||||||||||||||||||
| 50,000 | 259,890 | CDI + 2.96% | July 16, 2021 | June 16, 2028 | (24.8) | (39.2) | (18.6) | |||||||||||||||||||||||||||||||||||||
| 25,000 | 131,025 | CDI + 3.00% | 06/ago/21 | June 16, 2028 | (12.1) | (30.4) | (9.7) | |||||||||||||||||||||||||||||||||||||
| 25,000 | 130,033 | CDI + 2.85% | 10/ago/21 | June 16, 2028 | (12.9) | (30.4) | (9.3) | |||||||||||||||||||||||||||||||||||||
| 25,000 | 130,878 | CDI + 2.81% | 11/ago/21 | June 16, 2028 | (12.8) | (23.3) | (9.4) | |||||||||||||||||||||||||||||||||||||
| Net amount | (190.9) | (459.3) | (207.2) | |||||||||||||||||||||||||||||||||||||||||
| Companies | Date of operation | Total assets | Percentage of StoneCo.'s total assets | Liquid assets | Percentage of StoneCo.'s net assets | |||||||||||||||||||||||||||
| (R$ millions) | (%) | (R$ millions) | (%) | |||||||||||||||||||||||||||||
| Reclame Aqui Group | February 17, 2022 | 83.1 | 0.20% | 65.5 | 0.51% | |||||||||||||||||||||||||||
Hubcount Tecnologia S.A. | August 31, 2022 | 1.5 | 0.01% | 0.7 | 0.01% | |||||||||||||||||||||||||||
| Total | 84.6 | 0.21% | 66.2 | 0.52% | ||||||||||||||||||||||||||||
| Companies | Date of operation | Net revenue | Percentage of net revenue - StoneCo | Net income (loss) for the period | Percentage Net income (loss) for the period - StoneCo | |||||||||||||||||||||||||||
| (R$ millions) | (%) | (R$ millions) | (%) | |||||||||||||||||||||||||||||
| Reclame Aqui Group | February 17, 2022 | 75.9 | 0.79 | % | 5.4 | (1.03) | % | |||||||||||||||||||||||||
Hubcount Tecnologia S.A. | August 31, 2022 | 2.1 | 0.02 | % | 0.2 | (0.04) | % | |||||||||||||||||||||||||
| Total | 78.0 | 0.81 | % | 5.6 | (1.07) | % | ||||||||||||||||||||||||||
| 2022 | 2021 | ||||||||||
| (in thousands of reais) | |||||||||||
Audit fees | 6,482.1 | 6,970.1 | |||||||||
Audit-related fees | — | 400.0 | |||||||||
Total | 6,482.1 | 7,370.1 | |||||||||
| 4.21 | |||||
| 4.23 | StoneCo. Ltd. Long-Term Incentive Plan (incorporated herein by reference to Exhibit 99 to the Company’s Registration Statement on Form S-8 (File No. 333-265382) filed with the SEC on June 2, 2022). | ||||
4.24* | |||||
| 4.25* | |||||
| 8.1* | |||||
| 12.1* | |||||
| 12.2* | |||||
| 13.1* | |||||
| 13.2* | |||||
| 15.1* | |||||
| 101.INS* | Inline XBRL Instance Document | ||||
| 101.SCH* | Inline XBRL Taxonomy Extension Schema Document | ||||
| 101.CAL* | Inline XBRL Taxonomy Extension Calculation Linkbase Document | ||||
| 101.DEF* | Inline XBRL Taxonomy Extension Definition Linkbase Document | ||||
| 101.LAB* | Inline XBRL Taxonomy Extension Label Linkbase Document | ||||
| 101.PRE* | Inline XBRL Taxonomy Extension Presentation Linkbase Document | ||||
| 104* | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) | ||||
| * | Filed with this Annual Report on Form 20-F. | ||||
| ** | In accordance with Rule 402 of Regulation S-T, the information in this exhibit shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. | ||||
| † | Confidential treatment of certain provisions of these exhibits has been requested with the SEC. Omitted material for which confidential treatment has been requested has been filed separately with the SEC. | ||||
| StoneCo. Ltd. | ||||||||
| Date: April 28, 2023 | ||||||||
| By: | /s/ Pedro Zinner | |||||||
| Name: | Pedro Zinner | |||||||
| Title: | Chief Executive Officer | |||||||
| By: | /s/ Silvio José Morais | |||||||
| Name: | Silvio José Morais | |||||||
| Title: | Interim Chief Financial Officer | |||||||
| Audited Annual Consolidated Financial Statements | Page | |||||||
Report of Independent Registered Public Accounting Firm (PCAOB ID 1448) | F-5 | |||||||
| F-6 | ||||||||
| F-8 | ||||||||
| F-9 | ||||||||
| F-10 | ||||||||
| F-11 | ||||||||
| F-12 | ||||||||
| Auditor Data Elements | Year ended December 31, 2022, December 31, 2021; and December 31, 2020 | ||||
| Auditor Name | |||||
| Auditor Location | |||||
| Auditor Firm ID | |||||
| Notes | 2022 | 2021 (Recasted) | |||||||||||||||
| Assets | |||||||||||||||||
| Current assets | |||||||||||||||||
| Cash and cash equivalents | 5.2 | ||||||||||||||||
| Short-term investments | 6.3 | ||||||||||||||||
| Financial assets from banking solution | 6.6 | ||||||||||||||||
| Accounts receivable from card issuers | 6.4.1 | ||||||||||||||||
| Trade accounts receivable | 6.5.1 | ||||||||||||||||
| Recoverable taxes | 7 | ||||||||||||||||
| Prepaid expenses | |||||||||||||||||
| Derivative financial instruments | 6.8 | ||||||||||||||||
| Other assets | |||||||||||||||||
| Non-current assets | |||||||||||||||||
| Long-term investments | 6.3 | ||||||||||||||||
| Accounts receivable from card issuers | 6.4.1 | ||||||||||||||||
| Trade accounts receivable | 6.5.1 | ||||||||||||||||
| Receivables from related parties | 12.1 | ||||||||||||||||
| Deferred tax assets | 8.4 | ||||||||||||||||
| Prepaid expenses | |||||||||||||||||
| Other assets | |||||||||||||||||
| Investment in associates | |||||||||||||||||
| Property and equipment | 9.3 | ||||||||||||||||
| Intangible assets | 10.3 | ||||||||||||||||
| Total assets | |||||||||||||||||
| Notes | 2022 | 2021 (Recasted) | |||||||||||||||
| Liabilities and equity | |||||||||||||||||
| Current liabilities | |||||||||||||||||
| Deposits from banking customers | 6.6 | ||||||||||||||||
| Accounts payable to clients | 6.1.2.2 | ||||||||||||||||
| Trade accounts payable | |||||||||||||||||
| Loans and financing | 6.7.1 | ||||||||||||||||
| Obligations to FIDC quota holders | 6.7.1 | ||||||||||||||||
| Labor and social security liabilities | 18.5 | ||||||||||||||||
| Taxes payable | 11 | ||||||||||||||||
| Derivative financial instruments | 6.8 | ||||||||||||||||
| Other liabilities | |||||||||||||||||
| Non-current liabilities | |||||||||||||||||
Accounts payable to clients | 6.1.2.2 | ||||||||||||||||
Loans and financing | 6.7.1 | ||||||||||||||||
Obligations to FIDC quota holders | 6.7.1 | ||||||||||||||||
| Deferred tax liabilities | 8.4 | ||||||||||||||||
| Provision for contingencies | 13.3 | ||||||||||||||||
Labor and social security liabilities | 18.5 | ||||||||||||||||
Other liabilities | |||||||||||||||||
| Total liabilities | |||||||||||||||||
| Equity | 14 | ||||||||||||||||
| Issued capital | 14.1 | ||||||||||||||||
| Capital reserve | 14.2 | ||||||||||||||||
| Treasury shares | 14.3 | ( | ( | ||||||||||||||
| Other comprehensive income | ( | ( | |||||||||||||||
| Retained earnings (accumulated losses) | ( | ||||||||||||||||
| Equity attributable to owners of the parent | |||||||||||||||||
| Non-controlling interests | |||||||||||||||||
| Total equity | |||||||||||||||||
| Total liabilities and equity | |||||||||||||||||
| Notes | 2022 | 2021 | 2020 | ||||||||||||||||||||
| Net revenue from transaction activities and other services | 16.3 | ||||||||||||||||||||||
| Net revenue from subscription services and equipment rental | 16.3 | ||||||||||||||||||||||
| Financial income | 16.3 | ||||||||||||||||||||||
| Other financial income | 16.3 | ||||||||||||||||||||||
| Total revenue and income | |||||||||||||||||||||||
| Cost of services | ( | ( | ( | ||||||||||||||||||||
| Administrative expenses | ( | ( | ( | ||||||||||||||||||||
| Selling expenses | ( | ( | ( | ||||||||||||||||||||
| Financial expenses, net | ( | ( | ( | ||||||||||||||||||||
| Mark-to-market on equity securities designated at FVPL | ( | ( | |||||||||||||||||||||
| Other income (expenses), net | ( | ( | ( | ||||||||||||||||||||
| 17 | ( | ( | ( | ||||||||||||||||||||
| Loss on investment in associates | ( | ( | ( | ||||||||||||||||||||
| Profit (loss) before income taxes | ( | ( | |||||||||||||||||||||
| Current income tax and social contribution | 8.3 | ( | ( | ( | |||||||||||||||||||
| Deferred income tax and social contribution | 8.3 | ( | |||||||||||||||||||||
| Net income (loss) for the year | ( | ( | |||||||||||||||||||||
| Net income (loss) attributable to: | |||||||||||||||||||||||
| Owners of the parent | ( | ( | |||||||||||||||||||||
| Non-controlling interests | ( | ( | ( | ||||||||||||||||||||
| ( | ( | ||||||||||||||||||||||
| Earnings (loss) per share | |||||||||||||||||||||||
| Basic earnings (loss) per share for the year attributable to owners of the parent (in Brazilian Reais) | 15 | ( | ( | ||||||||||||||||||||
| Diluted earnings (loss) per share for the year attributable to owners of the parent (in Brazilian Reais) | 15 | ( | ( | ||||||||||||||||||||
Notes | 2022 | 2021 | 2020 | ||||||||||||||||||||
| Net income (loss) for the year | ( | ( | |||||||||||||||||||||
| Other comprehensive income | |||||||||||||||||||||||
| Other comprehensive income (loss) that may be reclassified to profit or loss in subsequent periods (net of tax): | |||||||||||||||||||||||
Changes in the fair value of accounts receivable from card issuers at fair value through other comprehensive income | ( | ( | |||||||||||||||||||||
| Exchange differences on translation of foreign operations | ( | ( | |||||||||||||||||||||
| Changes in the fair value of cash flow hedge - bonds hedge | 6.8.1 | ( | ( | ||||||||||||||||||||
| Unrealized loss on cash flow hedge - highly probable future imports | ( | ||||||||||||||||||||||
| Other comprehensive income (loss) that will not be reclassified to profit or loss in subsequent periods (net of tax): | |||||||||||||||||||||||
| Net monetary position in hyperinflationary economies | |||||||||||||||||||||||
Changes in the fair value of equity instruments designated at fair value through other comprehensive income | 6.3 | ( | |||||||||||||||||||||
| Other comprehensive income (loss) that were reclassified to profit or loss in subsequent periods (net of tax): | |||||||||||||||||||||||
| Reclassification to profit or loss of accumulated exchange differences on disposal of foreign operation - Creditinfo | |||||||||||||||||||||||
| Other comprehensive income (loss) for the year, net of tax | ( | ( | |||||||||||||||||||||
| Total comprehensive income (loss) for the year, net of tax | ( | ( | |||||||||||||||||||||
| Total comprehensive income (loss) attributable to: | |||||||||||||||||||||||
Owners of the parent | ( | ( | |||||||||||||||||||||
Non-controlling interests | ( | ( | ( | ||||||||||||||||||||
| Total comprehensive income (loss) for the year, net of tax | ( | ( | |||||||||||||||||||||
| Attributable to owners of the parent | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital reserve | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes | Issued capital | Additional paid-in capital | Transactions among shareholders | Special reserve | Other reserves | Total | Treasury shares | Other comprehensive income | Retained earnings | Total | Non-controlling interest | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance as of December 31, 2019 | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income (loss) for the year | — | — | — | — | — | — | — | — | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other comprehensive income (loss) for the year | — | — | — | — | — | — | — | — | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total comprehensive income | — | — | — | — | — | — | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital increase | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transaction costs | — | ( | — | — | — | ( | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based payments | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Issuance of shares for business acquisition | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Repurchase and cancelation of shares | — | — | — | — | ( | ( | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Repurchase of shares | — | — | — | — | — | — | ( | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash proceeds from noncontrolling interest | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dilution of non-controlling interest | — | — | — | — | — | — | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-controlling interests arising on a business combination | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Others | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | — | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance as of December 31, 2020 | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loss for the year | — | — | — | — | — | — | — | — | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other comprehensive income (loss) for the year | — | — | — | — | — | — | — | ( | — | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total comprehensive income | — | — | — | — | — | — | — | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Repurchase of shares | — | — | — | — | — | — | ( | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Issuance of shares for purchased non-controlling interests | ( | — | — | — | — | — | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Issuance of shares for business combination | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-controlling interests arising on a business combination | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based payments | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transaction costs from subsidiaries | — | — | ( | — | — | ( | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Sale of subsidiary | — | — | — | — | — | — | — | — | — | — | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | — | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash proceeds from non-controlling interest | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Others | — | — | — | — | — | — | — | — | — | — | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance as of December 31, 2021 (Recasted) | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loss for the year | — | — | — | — | — | — | — | — | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other comprehensive loss for the year | — | — | — | — | — | — | — | ( | — | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total comprehensive income | — | — | — | — | — | — | — | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-based payments | 18.4 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Shares delivered under share-based payment arrangements | — | — | ( | — | ( | ( | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transaction costs from subsidiaries | — | — | — | — | — | — | — | — | — | — | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity transaction related to put options over non-controlling interest | — | — | — | — | ( | ( | — | — | — | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury shares - Delivered on business combination and sold | 21.3.4(a) | — | — | ( | — | — | ( | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity transaction with non-controlling interests | — | — | ( | — | — | ( | — | — | — | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | — | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Others | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance as of December 31, 2022 | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes | 2022 | 2021 | 2020 | ||||||||||||||||||||
| Operating activities | |||||||||||||||||||||||
| Net income (loss) for the year | ( | ( | |||||||||||||||||||||
| Adjustments to reconcile net income (loss) for the year to net cash flows: | |||||||||||||||||||||||
| Depreciation and amortization | 9.4 | ||||||||||||||||||||||
| Deferred income tax and social contribution | 8.3 | ( | ( | ||||||||||||||||||||
| Loss on investment in associates | |||||||||||||||||||||||
| Interest, monetary and exchange variations, net | ( | ( | ( | ||||||||||||||||||||
| Provision for contingencies | 13.3 | ||||||||||||||||||||||
| Share-based payments expense | |||||||||||||||||||||||
| Allowance for expected credit losses | |||||||||||||||||||||||
| Loss on disposal of property, equipment and intangible assets | 20.4 | ||||||||||||||||||||||
| Effect of applying hyperinflation | |||||||||||||||||||||||
| Loss on sale of subsidiary | |||||||||||||||||||||||
| Fair value adjustment in financial instruments at FVPL | 20.1 | ( | |||||||||||||||||||||
| Fair value adjustment in derivatives | ( | ||||||||||||||||||||||
| Remeasurement of previously held interest in subsidiary acquired | ( | ( | |||||||||||||||||||||
| Working capital adjustments: | |||||||||||||||||||||||
| Accounts receivable from card issuers | ( | ( | |||||||||||||||||||||
| Receivables from related parties | |||||||||||||||||||||||
| Recoverable taxes | ( | ( | |||||||||||||||||||||
| Prepaid expenses | ( | ( | |||||||||||||||||||||
| Trade accounts receivable, banking solutions and other assets | ( | ||||||||||||||||||||||
| Accounts payable to clients | ( | ||||||||||||||||||||||
| Taxes payable | |||||||||||||||||||||||
| Labor and social security liabilities | ( | ||||||||||||||||||||||
| Provision for contingencies | 13.3 | ( | ( | ( | |||||||||||||||||||
| Trade accounts payable and other liabilities | |||||||||||||||||||||||
| Interest paid | ( | ( | ( | ||||||||||||||||||||
| Interest income received, net of costs | |||||||||||||||||||||||
| Income tax paid | ( | ( | ( | ||||||||||||||||||||
| Net cash (used in) / provided by in operating activities | |||||||||||||||||||||||
| Investing activities | |||||||||||||||||||||||
| Purchases of property and equipment | 20.4 | ( | ( | ( | |||||||||||||||||||
| Purchases and development of intangible assets | 20.4 | ( | ( | ( | |||||||||||||||||||
| Acquisition of subsidiary, net of cash acquired | ( | ( | ( | ||||||||||||||||||||
| Sale of subsidiary, net of cash disposed of | ( | ( | |||||||||||||||||||||
| Proceeds from (acquisition of) short-term investments, net | ( | ( | |||||||||||||||||||||
| Acquisition of equity securities | ( | ( | |||||||||||||||||||||
| Disposal of short- and long-term investments – equity securities | |||||||||||||||||||||||
| Proceeds from the disposal of non-current assets | 20.4 | ||||||||||||||||||||||
| Acquisition of interest in associates | ( | ( | ( | ||||||||||||||||||||
| Net cash used in investing activities | ( | ( | ( | ||||||||||||||||||||
| Financing activities | |||||||||||||||||||||||
| Proceeds from borrowings | 6.7.2 | ||||||||||||||||||||||
| Payment of borrowings | ( | ( | ( | ||||||||||||||||||||
| Payment to FIDC quota holders | ( | ( | ( | ||||||||||||||||||||
| Proceeds from FIDC quota holders | |||||||||||||||||||||||
| Payment of leases | 6.7.2 | ( | ( | ( | |||||||||||||||||||
| Capital increase, net of transaction costs | |||||||||||||||||||||||
| Repurchase of own shares | ( | ( | |||||||||||||||||||||
| Sale of own shares | 21.3.4(a) | ||||||||||||||||||||||
| Acquisition of non-controlling interests | ( | ( | ( | ||||||||||||||||||||
| Transaction with non-controlling interests | |||||||||||||||||||||||
| Dividends paid to non-controlling interests | ( | ( | ( | ||||||||||||||||||||
| Cash proceeds from non-controlling interest | |||||||||||||||||||||||
| Net cash (used in) provided by financing activities | ( | ||||||||||||||||||||||
| Effect of foreign exchange on cash and cash equivalents | ( | ||||||||||||||||||||||
| Change in cash and cash equivalents | ( | ||||||||||||||||||||||
| Cash and cash equivalents at beginning of year | 5.2 | ||||||||||||||||||||||
| Cash and cash equivalents at end of year | 5.2 | ||||||||||||||||||||||
| Change in cash and cash equivalents | ( | ||||||||||||||||||||||
| December 31, 2021 (As previously presented) | Adjustments | December 31, 2021 (Recasted) | ||||||||||||||||||
| Assets | ||||||||||||||||||||
| Current assets | ||||||||||||||||||||
Recoverable taxes(a) | ( | |||||||||||||||||||
| Total current assets | ( | |||||||||||||||||||
| Non-current assets | ||||||||||||||||||||
Deferred tax assets(b) | ||||||||||||||||||||
Intangible assets(c) | ( | |||||||||||||||||||
| Total non-current assets | ||||||||||||||||||||
| Total assets | ||||||||||||||||||||
| Liabilities and equity | ||||||||||||||||||||
| Non-current liabilities | ||||||||||||||||||||
Deferred tax liabilities(b) | ||||||||||||||||||||
Other liabilities(d) | ( | |||||||||||||||||||
| Total non-current liabilities | ||||||||||||||||||||
| Total liabilities | ||||||||||||||||||||
| Equity | ||||||||||||||||||||
Capital reserve(e) | ||||||||||||||||||||
| Equity attributable to owners of the parent | ||||||||||||||||||||
Non-controlling interests(f) | ||||||||||||||||||||
| Total equity | ||||||||||||||||||||
| Total liabilities and equity | ||||||||||||||||||||
| Estimated useful lives (years) | |||||
| Offices | |||||
| Vehicles | |||||
| Equipment | |||||
| Software | |||||
| Outstanding quotas held by the Group | ||||||||
| Fundo de Investimento em Direitos Creditórios - Bancos Emissores de Cartão de Crédito - Stone III ("FIDC AR III") | ||||||||
| Tapso Fundo de Investimento em Direitos Creditórios ("FIDC TAPSO") | ||||||||
| Tapso II Fundo de Investimento em Direitos Creditórios ("FIDC TAPSO II") | ||||||||
| SOMA Fundo de Investimentos em Direitos Creditórios Não Padronizados ("FIDC SOMA") | ||||||||
| SOMA III Fundo de Investimentos em Direitos Creditórios Não Padronizados ("FIDC SOMA III") | ||||||||
| Stoneco exclusivo Fundo de Investimento em Cotas de Fundo de Investimento Multimercado Crédito Privado ("FIC FIM STONECO") | ||||||||
| Retail Renda Fixa Crédito Privado Fundo de Investimento ("Fundo Retail") | ||||||||
| % of Group's equity interest | ||||||||||||||||||||
| Entity name | Principal activities | December 31, 2022 | December 31, 2021 | |||||||||||||||||
| Stone Instituição de Pagamento S.A. (“Stone Pagamentos”) | ||||||||||||||||||||
| MNLT S.A. (“MNLT”) | ||||||||||||||||||||
| Pagar.me Instituição de Pagamento S.A. (“Pagar.me”) | ||||||||||||||||||||
PDCA S.A. (“PDCA”) (a) | ||||||||||||||||||||
| Stone Cartões Instituição de Pagamento S.A. (“Stone Cartões”) | ||||||||||||||||||||
| Linx Pay Meios de Pagamento Ltda. (“Linx Pay”) | ||||||||||||||||||||
| Stone Sociedade de Crédito Direto S.A. (“Stone SCD”) | ||||||||||||||||||||
| TAG Tecnologia para o Sistema Financeiro S.A. ("TAG") | ||||||||||||||||||||
MAV Participações S.A. (“MVarandas”)(b) | ||||||||||||||||||||
| MLabs Software S.A. (“MLabs”) | ||||||||||||||||||||
| Equals S.A. (“Equals”) | ||||||||||||||||||||
| Questor Sistemas S.A. (“Questor”) | ||||||||||||||||||||
| % of Group's equity interest | ||||||||||||||||||||
| Entity name | Principal activities | December 31, 2022 | December 31, 2021 | |||||||||||||||||
Sponte Informática S.A. (“Sponte”) (c) | ||||||||||||||||||||
SimplesVet Tecnologia S.A. (“SimplesVet”) (Note 21.4) | ||||||||||||||||||||
VHSYS Sistema de Gestão S.A. (“VHSYS”) (Note 21.4) | ||||||||||||||||||||
Trampolin Pagamentos S.A. (“Trampolin”) (Note 21.4) | ||||||||||||||||||||
Linx S.A. (“Linx”) (Note 21.4) | ||||||||||||||||||||
Linx Sistemas e Consultoria Ltda. (“Linx Sistemas”) (d) | ||||||||||||||||||||
| Linx Telecomunicações Ltda. | ||||||||||||||||||||
| Napse S.R.L. (“Napse Group”) | ||||||||||||||||||||
| Napse Uruguay SAS (“Napse Group”) | ||||||||||||||||||||
| Sociedad Ingenería de Sistemas Napse I.T. de Chile Limitada (“Napse Group”) | ||||||||||||||||||||
| Napse IT Peru S.R.L. (“Napse Group”) | ||||||||||||||||||||
| Synthesis Holding LLC (“Napse Group”) | ||||||||||||||||||||
| Synthesis US LLC (“Napse Group”) | ||||||||||||||||||||
| Retail Americas Sociedad de Responsabilidad Limitada de Capital Variable (“Napse Group”) | ||||||||||||||||||||
| Synthesis IT de México Sociedad de Responsabilidad Limitada de Capital Variable (“Napse Group”) | ||||||||||||||||||||
Mercadapp Soluções em Software Ltda ("Mercadapp") (e) | ||||||||||||||||||||
| Hiper Software S.A. ("Hiper") | ||||||||||||||||||||
Reclame Aqui LLC (“Reclame Aqui Group”) (Note 21.3) | ||||||||||||||||||||
Obvio Brasil Software e Serviços S.A. (“Reclame Aqui Group”) (Note 21.3) | ||||||||||||||||||||
O Mediador Tecnologia da Informação S/S Ltda (“Reclame Aqui Group”) (Note 21.3) | ||||||||||||||||||||
Reclame Aqui Marcas e Serviços Ltda (“Reclame Aqui Group”) (Note 21.3) | ||||||||||||||||||||
Hubcount Tecnologia S.A. (“Hubcount”) (f) (Note 21.3) | ||||||||||||||||||||
Creditinfo Jamaica Ltd ("Creditinfo Caribbean") (g) | ||||||||||||||||||||
Creditinfo Guyana Ltd ("Creditinfo Caribbean") (g) | ||||||||||||||||||||
Creditinfo Barbados Ltd ("Creditinfo Caribbean") (g) | ||||||||||||||||||||
| Buy4 Processamento de Pagamentos S.A. (“Buy4”) | ||||||||||||||||||||
| Buy4 Sub LLC ("Buy4 LLC") | ||||||||||||||||||||
| Vitta Corretora de Seguros Ltda. (“Vitta Group”) | ||||||||||||||||||||
| Stone Seguros S.A. (“Stone Seguros”) | ||||||||||||||||||||
| Vitta Tecnologia em Saúde S.A. (“Vitta Group”) | ||||||||||||||||||||
| Vitta Serviços em Saúde Ltda. (“Vitta Group”) | ||||||||||||||||||||
| Vitta Saúde Administradora de Benefícios Ltda. (“Vitta Group”) | ||||||||||||||||||||
| StoneCo Pagamentos UK Ltd. ("StoneCo UK") | ||||||||||||||||||||
| Stone Logística Ltda. ("Stone Log") | ||||||||||||||||||||
Collact Serviços Digitais S.A. (“Collact”) (h) | ||||||||||||||||||||
| Stone Franchising Ltda. ("Franchising") | ||||||||||||||||||||
| Cappta S.A. (“Cappta”) | ||||||||||||||||||||
| Ametista Serviços Digitais Ltda. | ||||||||||||||||||||
| % of Group's equity interest | ||||||||||||||||||||
| Entity name | Principal activities | December 31, 2022 | December 31, 2021 | |||||||||||||||||
| Esmeralda Serviços Digitais Ltda. | ||||||||||||||||||||
| Diamante Serviços Digitais Ltda. | ||||||||||||||||||||
| Safira Serviços Digitais Ltda. | ||||||||||||||||||||
| Fundo de Investimento em Direitos Creditórios - Bancos Emissores de Cartão de Crédito - Stone III (“FIDC AR III”) | ||||||||||||||||||||
| Tapso Fundo de Investimento em Direitos Creditórios (“FIDC TAPSO”) | ||||||||||||||||||||
| Tapso II Fundo de Investimentos em Direitos Creditórios (“FIDC TAPSO II”) | ||||||||||||||||||||
| SOMA Fundo de Investimento em Direitos Creditórios Não Padronizados (“FIDC SOMA”) | ||||||||||||||||||||
| SOMA III Fundo de Investimento em Direitos Creditórios Não Padronizados (“FIDC SOMA III”) | ||||||||||||||||||||
| Stoneco Exclusivo Fundo de Investimento em Cotas de Fundo de Investimento Multimercado Crédito Privado (“FIC FIM STONECO”) | ||||||||||||||||||||
| Retail Renda Fixa Crédito Privado Fundo de Investimento (“Retail Renda Fixa”) | ||||||||||||||||||||
| MPB Capital LLC ("MPB") | ||||||||||||||||||||
| DLP Capital LLC ("DLP Cap") | ||||||||||||||||||||
| DLPPar Participações S.A. (“DLPPar”) | ||||||||||||||||||||
Reclame Aqui Holding Ltd. (Note 21.3) | ||||||||||||||||||||
| STNE Participações S.A. ("STNE Par") | ||||||||||||||||||||
| STNE Participações em Tecnologia S.A. ("STNE ParTec") | ||||||||||||||||||||
| VittaPar LLC (“Vitta Group”) | ||||||||||||||||||||
StoneCo CI Ltd (g) | ||||||||||||||||||||
Stone Holding Instituições S.A.(i) | ||||||||||||||||||||
| % Groups's equity interest | ||||||||||||||||||||
| Entity name | Principal activities | December 31, 2022 | December 31, 2021 | |||||||||||||||||
| Alpha-Logo Serviços de Informática S.A. (“Tablet Cloud”) | ||||||||||||||||||||
| Trinks Serviços de Internet S.A. (“Trinks”) | ||||||||||||||||||||
Neostore Desenvolvimento De Programas De Computador S.A. (“Neomode”)(a) | ||||||||||||||||||||
RH Software S.A. (“RH Software”)(b) | ||||||||||||||||||||
| APP Sistemas S.A. (“APP”) | ||||||||||||||||||||
| Delivery Much Tecnologia S.A. (“Delivery Much”) | ||||||||||||||||||||
| Creditinfo Jamaica Ltd (“Creditinfo Caribbean”) | ||||||||||||||||||||
| Creditinfo Guyana Inc (“Creditinfo Caribbean”) | ||||||||||||||||||||
| Creditadvice Barbados Ltd (“Creditinfo Caribbean”) | ||||||||||||||||||||
| Creditinfo ECCU Ltd (“Creditinfo Caribbean”) | ||||||||||||||||||||
| StoneCo CI Ltd | ||||||||||||||||||||
| 2022 | 2021 | |||||||||||||
| Denominated in R$ | ||||||||||||||
| Denominated in US$ | ||||||||||||||
| Denominated in other foreign currencies | ||||||||||||||
| Line item presented in the balance sheet | Description of the related business activity | Basis of measurement | Line item of the profit or loss statement where results generated are presented | ||||||||
| Cash and cash equivalents and Short-term investments | Managing of liquidity of the business | FVPL | Interest income - Other financial income Fair value gain or losses - Other financial income Foreign exchange gain or losses - Financial expenses, net | ||||||||
| Financial assets from banking solutions | Corresponds to amounts that we are regulatorily required to maintain in certain specified assets as reserve requirements for deposits of our banking customers | Deposits at BACEN – Amortized cost Government securities – FVPL | Interest income - Financial income Fair value gain or losses - Financial income | ||||||||
| Accounts receivable from card issuers | Amounts receivable from card issuers for transactions that our acquiring business processes. The balances do not carry interest. We regularly sell those receivables before their maturity as part of our funding strategy | FVOCI | Cost of funding on sale of receivables - Financial expenses, net Foreign exchange gain or losses on balances of transactions in foreign currency - Financial expenses, net | ||||||||
| Trade accounts receivable - Loans designated at FVPL | Corresponds to loans granted to customers of our acquiring business up to June 30, 2021 | FVPL as we voluntarily designated such loans to be measured at FVPL | Interest income - Financial income Fair value gain or losses - Financial income | ||||||||
| Trade accounts receivable - All other items | Corresponds to amounts due by our customers of the acquiring business for transaction services and equipment rental and of our software business for services provided. | Amortized cost | Expected credit losses - Cost of services Interest and penalties for late payment - Other financial income | ||||||||
| Derivative financial instruments | Corresponds to derivative entered into to manage the financial risks (mainly interest rate and foreign exchange) inherent to our acquiring business and related to our funding structure | FVPL | Fair value gain or losses - Financial expenses, net For those designated in a cash flow hedge relationship: Ineffective portion of change in fair value - Financial expenses, net Effective portion of change in fair value once reclassified from OCI - Financial expenses, net | ||||||||
| Long-term investments | Corresponds to investments in equity interests without significant influency | FVPL | Other financial income / Mark-to-market on equity securities designated at FVPL | ||||||||
| Line item presented in the balance sheet | Description of the related business activity | Basis of measurement | Line item of the profit or loss statement where results generated are presented | ||||||||
| Deposits from banking customers | Amounts held by our banking customers on their payment accounts. | Amortized cost | The financial liability generally does not result in the recognition of gain or losses | ||||||||
| Accounts payable to clients | Amounts payable to merchants for transactions that our acquiring business processes. The balances do not carry interest. We pay the amounts due in advance of the contractual due date at a discount | Amortized cost | Gain for the prepayment of payables at a discount - Financial income | ||||||||
| Loans and financing | Financing obtained from third parties as part of our funding strategy | Amortized cost | Interest expense - Financial expenses, net Foreign exchange gain or losses - Financial expenses, net | ||||||||
| Obligations to FIDC quota holders | Financing obtained through consolidated structured entities - FIDCs | Amortized cost | Financial expenses, net | ||||||||
| Short-term | Long-term | |||||||||||||||||||||||||||||||
| Listed securities | Unlisted securities | Listed securities | Unlisted securities | Balance at 12/31/2022 | ||||||||||||||||||||||||||||
Bonds(a) | ||||||||||||||||||||||||||||||||
Equity securities(b) | ||||||||||||||||||||||||||||||||
Investment funds(c) | ||||||||||||||||||||||||||||||||
| Short-term | Long-term | |||||||||||||||||||||||||||||||
| Listed securities | Unlisted securities | Listed securities | Unlisted securities | Balance at 12/31/2021 | ||||||||||||||||||||||||||||
Bonds(a) | ||||||||||||||||||||||||||||||||
Equity securities(b) | ||||||||||||||||||||||||||||||||
Investment funds(c) | ||||||||||||||||||||||||||||||||
| 2022 | 2021 | |||||||||||||
Accounts receivable from card issuers(a) | ||||||||||||||
Accounts receivable from other acquirers(b) | ||||||||||||||
| Allowance for expected credit losses | ( | ( | ||||||||||||
| Current | ||||||||||||||
| Non-current | ||||||||||||||
| 2022 | 2021 | |||||||||||||
| At January 1 | ||||||||||||||
| Charge for the year | ||||||||||||||
| Reversal | ( | ( | ||||||||||||
| At December 31 | ||||||||||||||
| 2022 | 2021 | |||||||||||||
| Accounts receivable from subscription services | ||||||||||||||
| Accounts receivable from equipment rental | ||||||||||||||
| Loans designated at FVPL | ||||||||||||||
| Chargeback | ||||||||||||||
| Receivables from registry operation | ||||||||||||||
| Services rendered | ||||||||||||||
| Others | ||||||||||||||
| Allowance for expected credit losses | ( | ( | ||||||||||||
| Current | ||||||||||||||
| Non-current | ||||||||||||||
| 2022 | 2021 | |||||||||||||
| At January 1 | ||||||||||||||
Business combination(a) | ||||||||||||||
| Charge for the year | ||||||||||||||
| Reversal | ( | ( | ||||||||||||
| Write-off | ( | ( | ||||||||||||
| At December 31 | ||||||||||||||
| Average annual interest rate % | Original maturity | Current portion | Non-current portion | December 31, 2022 | ||||||||||||||||||||||||||||
Obligations to FIDC AR III quota holders (6.7.3.1) | CDI Rate* + | Aug/23 | ||||||||||||||||||||||||||||||
Obligations to FIDC TAPSO quota holders (6.7.3.2) | CDI Rate* + | Feb/23 | ||||||||||||||||||||||||||||||
| Obligations to FIDC quota holders | ||||||||||||||||||||||||||||||||
Leases (6.7.3.3) | Jan/23 to Jun/29 | |||||||||||||||||||||||||||||||
Bonds (6.7.3.4) | Jun/28 | |||||||||||||||||||||||||||||||
Bank borrowings (6.7.3.5) | CDI + CDI + | Three to eighteen months | ||||||||||||||||||||||||||||||
| Loans and financing | ||||||||||||||||||||||||||||||||
| Average annual interest rate % | Maturity | Current portion | Non-current portion | December 31, 2021 | ||||||||||||||||||||||||||||
Obligations to FIDC AR III quota holders (6.7.3.1) | CDI Rate* + | Aug/23 | ||||||||||||||||||||||||||||||
Obligations to FIDC TAPSO quota holders (6.7.3.2) | CDI Rate* + | Mar/22 | ||||||||||||||||||||||||||||||
| Obligations to FIDC TAPSO quota holders | ||||||||||||||||||||||||||||||||
Leases (6.7.3.3) | Jan/22 to Jun/29 | |||||||||||||||||||||||||||||||
Bonds (6.7.3.4) | Jun/28 | |||||||||||||||||||||||||||||||
Bank borrowings (6.7.3.5) | CDI + CDI + | Three to eighteen months | ||||||||||||||||||||||||||||||
Debentures (6.7.3.6) | Jul/22 | |||||||||||||||||||||||||||||||
| Loans and financing | ||||||||||||||||||||||||||||||||
| Balance at 12/31/2021 | Additions | Disposals | Payment | Business Combination | Changes in Exchange Rates | Interest | Balance at 12/31/2022 | ||||||||||||||||||||||||||||||||||||||||
Obligations to FIDC AR III quota holders (Note 6.7.3.1) | — | ( | — | ||||||||||||||||||||||||||||||||||||||||||||
Obligations to FIDC TAPSO quota holders (Note 6.7.3.2) | — | ( | — | ||||||||||||||||||||||||||||||||||||||||||||
Leases (Note 6.7.3.3) | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
Bonds (Note 6.7.3.4) | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||
Bank borrowings (Note 6.7.3.5) | — | ( | |||||||||||||||||||||||||||||||||||||||||||||
Debentures (Note 6.7.3.6) | — | ( | — | ||||||||||||||||||||||||||||||||||||||||||||
| ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| Balance at 12/31/2020 | Additions | Disposals | Payment | Business Combination | Changes in Exchange Rates | Interest | Balance at 12/31/2021 | ||||||||||||||||||||||||||||||||||||||||
Obligations to FIDC AR III quota holders (Note 6.7.3.1) | — | ( | — | — | |||||||||||||||||||||||||||||||||||||||||||
Obligations to FIDC TAPSO quota holders (Note 6.7.3.2) | — | ( | — | — | |||||||||||||||||||||||||||||||||||||||||||
Obligations to FIDC SOMA III quota holders | — | ( | — | — | |||||||||||||||||||||||||||||||||||||||||||
Leases (Note 6.7.3.3) | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
Bonds (Note 6.7.3.4) | — | ( | — | ||||||||||||||||||||||||||||||||||||||||||||
Bank borrowings (Note 6.7.3.5) | ( | — | |||||||||||||||||||||||||||||||||||||||||||||
Loans with private entities | — | ( | — | — | |||||||||||||||||||||||||||||||||||||||||||
Debentures (Note 6.7.3.6) | — | ( | — | — | |||||||||||||||||||||||||||||||||||||||||||
| ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | |||||||||||||
Cross-currency interest rate swap used as hedge accounting instrument (Note 6.8.1) | ( | |||||||||||||
Non-deliverable forward used as economic hedge instrument (Note 6.8.2) | ( | ( | ||||||||||||
| Call options to acquire additional interest in subsidiaries | ||||||||||||||
| Derivative financial instruments, net | ( | |||||||||||||
| Notional in US$ | Notional in R$ | Pay rate in local currency | Trade date | Due date | Fair value as of December 31, 2022 – Asset (Liability) | Loss recognized in income in 2022(a) | Loss recognized in OCI in 2022(b) | Fair value as of December 31, 2021 – Asset (Liability) | ||||||||||||||||||||||||||||||||||||||||||
CDI + | June 23, 2021 | June 16, 2028 | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
CDI + | June 24, 2021 | June 16, 2028 | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
CDI + | June 24, 2021 | June 16, 2028 | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
CDI + | June 30, 2021 | June 16, 2028 | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
CDI + | June 30, 2021 | June 16, 2028 | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
CDI + | June 30, 2021 | June 16, 2028 | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
CDI + | July 15, 2021 | June 16, 2028 | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
CDI + | July 15, 2021 | June 16, 2028 | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
CDI + | July 16, 2021 | June 16, 2028 | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
CDI + | August 6, 2021 | June 16, 2028 | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
CDI + | August 10, 2021 | June 16, 2028 | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
CDI + | August 11, 2021 | June 16, 2028 | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| Net amount | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||
| Risk Factor | Asset/ Liability | VaR 1 day (thousands) | VaR 10 days (thousands) | VaR 60 days (thousands) | ||||||||||||||||||||||
| Interest Rates | Accounts receivables from credit card issuers, Accounts payables to clients and interest rate swaps | |||||||||||||||||||||||||
| Foreign Currency Exchange | USD denominated asset/liabilities/derivatives | |||||||||||||||||||||||||
Equity Prices (a) | Traded Securities | |||||||||||||||||||||||||
| Less than one year | Between 1 and 2 years | Between 2 and 5 years | Over 5 years | |||||||||||||||||||||||
| At December 31, 2022 | ||||||||||||||||||||||||||
| Deposits from banking customers | ||||||||||||||||||||||||||
| Accounts payable to clients | ||||||||||||||||||||||||||
| Trade accounts payable | ||||||||||||||||||||||||||
| Loans and financing | ||||||||||||||||||||||||||
| Obligations to FIDC quota holders | ||||||||||||||||||||||||||
| Other liabilities | ||||||||||||||||||||||||||
| At December 31, 2021 | ||||||||||||||||||||||||||
| Deposits from banking customers | ||||||||||||||||||||||||||
| Accounts payable to clients | ||||||||||||||||||||||||||
| Trade accounts payable | ||||||||||||||||||||||||||
| Loans and financing | ||||||||||||||||||||||||||
| Obligations to FIDC quota holders | ||||||||||||||||||||||||||
| Other liabilities | ||||||||||||||||||||||||||
| Amortized cost | FVPL | FVOCI | Total | |||||||||||||||||||||||
| At December 31, 2022 | ||||||||||||||||||||||||||
| Short and Long-term investments | ||||||||||||||||||||||||||
| Financial assets from banking solution | ||||||||||||||||||||||||||
| Accounts receivable from card issuers | ||||||||||||||||||||||||||
| Trade accounts receivable | ||||||||||||||||||||||||||
Derivative financial instruments(a) | ||||||||||||||||||||||||||
| Receivables from related parties | ||||||||||||||||||||||||||
| Other assets | ||||||||||||||||||||||||||
| At December 31, 2021 | ||||||||||||||||||||||||||
| Short and Long-term investments | ||||||||||||||||||||||||||
| Financial assets from banking solution | ||||||||||||||||||||||||||
| Accounts receivable from card issuers | ||||||||||||||||||||||||||
| Trade accounts receivable | ||||||||||||||||||||||||||
Derivative financial instruments(a) | ||||||||||||||||||||||||||
| Receivables from related parties | ||||||||||||||||||||||||||
| Other assets | ||||||||||||||||||||||||||
| Amortized cost | FVPL | Total | ||||||||||||||||||
| At December 31, 2022 | ||||||||||||||||||||
| Deposits from banking customers | ||||||||||||||||||||
| Accounts payable to clients | ||||||||||||||||||||
| Trade accounts payable | ||||||||||||||||||||
| Loans and financing | ||||||||||||||||||||
| Obligations to FIDC quota holders | ||||||||||||||||||||
| Derivative financial instruments | ||||||||||||||||||||
| Other liabilities | ||||||||||||||||||||
| At December 31, 2021 | ||||||||||||||||||||
| Deposits from banking customers | ||||||||||||||||||||
| Accounts payable to clients | ||||||||||||||||||||
| Trade accounts payable | ||||||||||||||||||||
| Loans and financing | ||||||||||||||||||||
| Obligations to FIDC quota holders | ||||||||||||||||||||
| Derivative financial instruments | ||||||||||||||||||||
| Other liabilities | ||||||||||||||||||||
| 2022 | 2021 | |||||||||||||||||||||||||||||||||||||
| Book value | Fair value | Hierarchy level | Book value | Fair value | Hierarchy level | |||||||||||||||||||||||||||||||||
| Financial assets | ||||||||||||||||||||||||||||||||||||||
Short and Long-term investments(a) | I /II | I /II | ||||||||||||||||||||||||||||||||||||
Financial assets from banking solution(e) | I | I | ||||||||||||||||||||||||||||||||||||
Accounts receivable from card issuers(b) | II | II | ||||||||||||||||||||||||||||||||||||
Trade accounts receivable (c)(d) | II / III | II / III | ||||||||||||||||||||||||||||||||||||
Derivative financial instruments(f) | II | II | ||||||||||||||||||||||||||||||||||||
Receivables from related parties(c) | II | II | ||||||||||||||||||||||||||||||||||||
Other assets(c) | II | II | ||||||||||||||||||||||||||||||||||||
| Financial liabilities | ||||||||||||||||||||||||||||||||||||||
Deposits from banking customers(g) | II | II | ||||||||||||||||||||||||||||||||||||
Accounts payable to clients(i) | II | II | ||||||||||||||||||||||||||||||||||||
| Trade accounts payable | II | II | ||||||||||||||||||||||||||||||||||||
Loans and financing(h) | II | II | ||||||||||||||||||||||||||||||||||||
Obligations to FIDC quota holders(h) | II | II | ||||||||||||||||||||||||||||||||||||
Derivative financial instruments(f) | II | II | ||||||||||||||||||||||||||||||||||||
Other liabilities(c)(j)(k) | II/III | II/III | ||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | |||||||||||||
| At January 1 | ||||||||||||||
| Disbursements | ||||||||||||||
| Collections | ( | ( | ||||||||||||
| Interest income recognized in the statement of profit or loss as Financial Income | ||||||||||||||
| Fair value recognized in the statement of profit or loss as Financial income | ( | ( | ||||||||||||
| At December 31 | ||||||||||||||
| 2022 | 2021 | ||||||||||
| At January 1 | |||||||||||
Additions (Note 21.3.4) | |||||||||||
| Balance arising from business combination | — | ||||||||||
| Remeasurement at fair value recognized in the statement of financial position as Intangible assets – Goodwill | — | ||||||||||
| Remeasurement at fair value recognized in the statement of profit or loss as Other income (expenses), net | ( | ( | |||||||||
| Payments | ( | ( | |||||||||
| Interest recognized in the statement of profit or loss as Financial expenses, net | |||||||||||
| At December 31 | |||||||||||
| 2022 | 2021 (Recasted) | |||||||||||||
| Cash and cash equivalents | ||||||||||||||
| Financial assets from banking solution | ||||||||||||||
| Short-term investments | ||||||||||||||
| Accounts receivable from card issuers | ||||||||||||||
Derivative financial instruments(a) | ||||||||||||||
| Adjusted cash | ||||||||||||||
| Accounts payable to clients | ( | ( | ||||||||||||
Loans and financing(b) | ( | ( | ||||||||||||
| Deposits from banking customers | ( | ( | ||||||||||||
| Obligations to FIDC quota holders | ( | ( | ||||||||||||
| Derivative financial instruments | ( | ( | ||||||||||||
| Adjusted debt | ( | ( | ||||||||||||
| Adjusted net cash | ||||||||||||||
| December 31, 2022 | December 31, 2021 | |||||||||||||
Withholding income tax on finance income(a) | ||||||||||||||
| Income tax and social contribution | ||||||||||||||
| Others withholding income tax | ||||||||||||||
Contributions over revenue(b) | ||||||||||||||
| Other taxes | ||||||||||||||
| 2022 | 2021 | 2020 | ||||||||||||||||||
| Profit (loss) before income taxes | ( | ( | ||||||||||||||||||
| Brazilian statutory rate | % | % | % | |||||||||||||||||
| Tax benefit/(expense) at the statutory rate | ( | |||||||||||||||||||
| Additions (exclusions): | ||||||||||||||||||||
| Profit (loss) from entities subject to different tax rates | ||||||||||||||||||||
| Profit (loss) from entities subject to different tax rates - Mark-to-market on equity securities designated at FVPL | ( | ( | ||||||||||||||||||
| Other permanent differences | ( | ( | ||||||||||||||||||
| Equity pickup on associates | ( | ( | ( | |||||||||||||||||
| Unrecorded deferred taxes | ( | ( | ( | |||||||||||||||||
| Previously unrecognized on deferred income tax (temporary and tax losses) | ||||||||||||||||||||
| Unrealized gain on previously held interest on acquisition | ||||||||||||||||||||
| Interest payments on net equity | ||||||||||||||||||||
| R&D Tax Benefits | ||||||||||||||||||||
| Other tax incentives | ||||||||||||||||||||
| Total income tax and social contribution benefit/(expense) | ( | ( | ||||||||||||||||||
| Effective tax rate | ( | %) | % | % | ||||||||||||||||
| Current income tax and social contribution | ( | ( | ( | |||||||||||||||||
| Deferred income tax and social contribution | ( | |||||||||||||||||||
| Total income tax and social contribution benefit/(expense) | ( | ( | ||||||||||||||||||
| December 31, 2021 (Recasted) | Recognized against other comprehensive income | Recognized against profit or loss | Recognized against goodwill | December 31, 2022 | |||||||||||||||||||||||||
| Assets at FVOCI | |||||||||||||||||||||||||||||
| Losses available for offsetting against future taxable income | |||||||||||||||||||||||||||||
| Other temporary differences | |||||||||||||||||||||||||||||
| Tax deductible goodwill | ( | ||||||||||||||||||||||||||||
| Share-based compensation | |||||||||||||||||||||||||||||
| Contingencies arising from business combinations | |||||||||||||||||||||||||||||
| Assets at FVPL | ( | ( | |||||||||||||||||||||||||||
| Technological innovation benefit | ( | ( | ( | ||||||||||||||||||||||||||
| Temporary differences under FIDC | ( | ( | ( | ||||||||||||||||||||||||||
| Intangible assets and property and equipment arising from business combinations | ( | ( | ( | ||||||||||||||||||||||||||
| Deferred tax, net | ( | ( | |||||||||||||||||||||||||||
| Estimated useful lives (years) | |||||
| Pin Pads & POS | |||||
| IT equipment | |||||
| Facilities | |||||
| Property | |||||
| Furniture and fixtures | |||||
| Machinery and equipment | |||||
| Vehicles and airplanes | |||||
| Balance at 12/31/2021 | Additions | Disposals (a) | Effects of hyperinflation (IAS 29) | Effects of changes in foreign exchange rates (IAS 21) | Business combination | Balance at 12/31/2022 | |||||||||||||||||||||||||||||||||||
| Cost | |||||||||||||||||||||||||||||||||||||||||
| Pin Pads & POS | ( | ||||||||||||||||||||||||||||||||||||||||
| IT equipment | ( | ||||||||||||||||||||||||||||||||||||||||
| Facilities | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| Machinery and equipment | ( | ||||||||||||||||||||||||||||||||||||||||
| Furniture and fixtures | ( | ||||||||||||||||||||||||||||||||||||||||
| Vehicles and airplane | ( | ( | |||||||||||||||||||||||||||||||||||||||
| Construction in progress | ( | ||||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - equipment | |||||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - vehicles | ( | ||||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - offices | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| ( | ( | ||||||||||||||||||||||||||||||||||||||||
| Depreciation | |||||||||||||||||||||||||||||||||||||||||
| Pin Pads & POS | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| IT equipment | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||
| Facilities | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| Machinery and equipment | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| Furniture and fixtures | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||
| Vehicles and airplane | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - equipment | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - Vehicles | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - Offices | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| ( | ( | ( | |||||||||||||||||||||||||||||||||||||||
| Property and equipment, net | ( | ( | |||||||||||||||||||||||||||||||||||||||
| Balance at 12/31/2020 | Additions | Disposals | Transfers | Effects of hyperinflation (IAS 29) | Business combination | Balance at 12/31/2021 | |||||||||||||||||||||||||||||||||||
| Cost | |||||||||||||||||||||||||||||||||||||||||
| Pin Pads & POS | ( | ||||||||||||||||||||||||||||||||||||||||
| IT equipment | ( | ( | |||||||||||||||||||||||||||||||||||||||
| Facilities | ( | ( | |||||||||||||||||||||||||||||||||||||||
| Machinery and equipment | ( | ||||||||||||||||||||||||||||||||||||||||
| Furniture and fixtures | ( | ||||||||||||||||||||||||||||||||||||||||
| Vehicles and airplane | ( | ||||||||||||||||||||||||||||||||||||||||
| Construction in progress | ( | ( | |||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - equipment | ( | ||||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - vehicles | ( | ||||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - offices | ( | ||||||||||||||||||||||||||||||||||||||||
| ( | |||||||||||||||||||||||||||||||||||||||||
| Depreciation | |||||||||||||||||||||||||||||||||||||||||
| Pin Pads & POS | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| IT equipment | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| Facilities | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| Machinery and equipment | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| Furniture and fixtures | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| Vehicles and airplane | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - equipment | ( | ( | |||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - Vehicles | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - Offices | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||
| ( | ( | ( | |||||||||||||||||||||||||||||||||||||||
| Property and equipment, net | ( | ||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2020 | ||||||||||||||||||
| Cost of services | ||||||||||||||||||||
| General and administrative expenses | ||||||||||||||||||||
| Selling expenses | ||||||||||||||||||||
| Other income (expenses), net | ||||||||||||||||||||
| Depreciation and Amortization charges | ||||||||||||||||||||
| Depreciation charge | ||||||||||||||||||||
Amortization charge (Notes 10.3) | ||||||||||||||||||||
| Depreciation and Amortization charges | ||||||||||||||||||||
| Estimated useful lives (years) | |||||
| Software | |||||
| Customer relationship | |||||
| Trademarks and patents | |||||
| Non-compete agreement | |||||
| Licenses | |||||
| Balance at 12/31/2021 (Recasted) | Additions | Disposals | Transfers | Effects of hyperinflation (IAS 29) | Effects of changes in foreign exchange rates (IAS 21) | Business combination | Balance at 12/31/2022 | ||||||||||||||||||||||||||||||||||||||||
| Cost | |||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill - acquisition of subsidiaries | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| Customer relationship | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
Trademarks and patents(a) | |||||||||||||||||||||||||||||||||||||||||||||||
| Software | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| Non-compete agreement | |||||||||||||||||||||||||||||||||||||||||||||||
| Operating license | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| Software in progress | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - Software | ( | ||||||||||||||||||||||||||||||||||||||||||||||
| ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||
| Amortization | |||||||||||||||||||||||||||||||||||||||||||||||
| Customer relationship | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||
Trademarks and patents(a) | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||
| Software | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||
| Non-compete agreement | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||
| Operating license | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - Software | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||
| ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| Intangible assets net | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| Balance at 12/31/2020 | Additions | Disposals | Transfers | Effects of hyperinflation (IAS 29) | Effects of changes in foreign exchange rates (IAS 21) | Business combination | Balance at 12/31/2021 (Recasted) | ||||||||||||||||||||||||||||||||||||||||
| Cost | |||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill - acquisition of subsidiaries | ( | ||||||||||||||||||||||||||||||||||||||||||||||
| Customer relationship | ( | ||||||||||||||||||||||||||||||||||||||||||||||
| Trademarks and patents(a) | ( | ||||||||||||||||||||||||||||||||||||||||||||||
| Software | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| Non-compete agreement | |||||||||||||||||||||||||||||||||||||||||||||||
| Licenses for use - payment arrangements | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| Operating license | ( | ||||||||||||||||||||||||||||||||||||||||||||||
| Exclusivity right | ( | ||||||||||||||||||||||||||||||||||||||||||||||
| Software in progress | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - Software | |||||||||||||||||||||||||||||||||||||||||||||||
| ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||
| Amortization | |||||||||||||||||||||||||||||||||||||||||||||||
| Customer relationship | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||
| Trademarks and patents(a) | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| Software | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||
| Non-compete agreement | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| Licenses for use - payment arrangements | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| Operating license | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||
| Exclusivity right | ( | ||||||||||||||||||||||||||||||||||||||||||||||
| Right-of-use assets - Software | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||
| ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| Intangible assets, net | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||
| CGU | Description | Goodwill allocated (as of November 30, 2022) | Indefinite useful-life intangible assets allocated (as of November 30, 2022) | ||||||||
| CGU 1 – Financial services | Companies related to financial solutions are included in this CGU. The Group considers these companies as a CGU due to the integrated financial solutions provided by them, as capture, processing, transmission, and financial liquidation of transactions with debit and credit card, among other services. This CGU includes operating companies and their respective holding companies. | ||||||||||
| CGU 2 – Financial assets register(a) | This CGU comprises only TAG, whose activity is related to financial assets registration. Due to the specific service provided by this company and its independence of the other Group’s companies, the Group considers TAG as a separate CGU. | ||||||||||
| CGU 3 – Software(b) | In this CGU are included the technology companies that aim to provide new offers to customers related to the technology platform of the Group. This CGU includes operating companies and their respective holding companies. | ||||||||||
| CGU 4 – Pinpag | This CGU comprises only Pinpag, provider of financial solutions in electronic means of payment. Due to the independence of the other Group’s companies, the Group considers Pinpag as a separate CGU. | ||||||||||
| CGU 5 – Cappta(a) | This CGU comprises only Cappta, whose activity is related to customized financial solutions to customers as installment and financing. Due to the independence of the other Group’s companies, the Group considers Cappta as a separate CGU. | ||||||||||
| 2022 | 2021 | |||||||||||||
Income tax (IRPJ and CSLL)(a) | ||||||||||||||
Contributions over revenue (PIS and COFINS)(b) | ||||||||||||||
| Withholding income tax | ||||||||||||||
Taxes on services (ISS)(c) | ||||||||||||||
Withholding taxes from services taken(d) | ||||||||||||||
| Other taxes and contributions | ||||||||||||||
| 2022 | 2021 | 2020 | ||||||||||||||||||
| Sales of services | ||||||||||||||||||||
Associates (legal and administrative services)(a) | ||||||||||||||||||||
Entity controlled by management personnel(b) | ||||||||||||||||||||
| Purchases of goods and services | ||||||||||||||||||||
Entity controlled by management personnel (b) | ( | ( | ||||||||||||||||||
Associates (transaction services)(c) | ( | ( | ( | |||||||||||||||||
| Service provider | ( | |||||||||||||||||||
| ( | ( | ( | ||||||||||||||||||
| 2022 | 2021 | |||||||||||||
| Loans to management personnel | ||||||||||||||
| Convertible loans to associate | ||||||||||||||
| Receivables from related parties | ||||||||||||||
| December 31, 2022 | December 31, 2021 | |||||||||||||
| Short-term benefits | ||||||||||||||
Share-based payments (Note 18.4) | ||||||||||||||
| Civil | Labor | Tax (a) | Total | |||||||||||||||||||||||
| Balance as of December 31, 2020 | ||||||||||||||||||||||||||
| Additions | ||||||||||||||||||||||||||
| Reversals | ( | ( | ( | ( | ||||||||||||||||||||||
| Interests | ||||||||||||||||||||||||||
| Payments | ( | ( | ( | ( | ||||||||||||||||||||||
| Business combination (a) | ||||||||||||||||||||||||||
| Balance as of December 31, 2021 | ||||||||||||||||||||||||||
| Additions | ||||||||||||||||||||||||||
| Reversals | ( | ( | ( | ( | ||||||||||||||||||||||
| Interests | ||||||||||||||||||||||||||
| Payments | ( | ( | ( | ( | ||||||||||||||||||||||
| Balance as of December 31, 2022 | ||||||||||||||||||||||||||
| December 31, 2022 | December 31, 2021 | |||||||||||||
| Civil | ||||||||||||||
| Labor | ||||||||||||||
| Tax | ||||||||||||||
| Total | ||||||||||||||
| Number of shares | ||||||||||||||||||||
| Class A | Class B | Total | ||||||||||||||||||
| At December 31, 2020 | ||||||||||||||||||||
| Issuance | ||||||||||||||||||||
| Conversions | ( | |||||||||||||||||||
| Vested awards | ||||||||||||||||||||
| At December 31, 2021 | ||||||||||||||||||||
| Conversions | ( | |||||||||||||||||||
Vested awards(a) | ||||||||||||||||||||
| At December 31, 2022 | ||||||||||||||||||||
| Time remaining to the end of the Lock-up year | Discount | Monthly Installments | ||||||||||||
Up to | ||||||||||||||
Up to | ||||||||||||||
Up to | ||||||||||||||
| 2022 | 2021 | 2020 | ||||||||||||||||||
| Net income (loss) attributable to Owners of the Parent | ( | ( | ||||||||||||||||||
| Numerator of basic and diluted EPS | ( | ( | ||||||||||||||||||
| 2022 | 2021 | 2020 | ||||||||||||||||||
| Numerator of basic EPS | ( | ( | ||||||||||||||||||
| Weighted average number of outstanding shares | ||||||||||||||||||||
| Denominator of basic EPS | ||||||||||||||||||||
| Basic earnings (loss) per share - R$ | ( | ( | ||||||||||||||||||
| Numerator of diluted EPS | ( | ( | ||||||||||||||||||
Share-based payments(a) | ||||||||||||||||||||
| Weighted average number of outstanding shares | ||||||||||||||||||||
| Denominator of diluted EPS | ||||||||||||||||||||
| Diluted earnings (loss) per share - R$ | ( | ( | ||||||||||||||||||
| Rate | |||||||||||||||||
| Transaction activities and other services | Subscription services and equipment rental | Financial income | |||||||||||||||
Contribution on gross revenue for social integration program (“PIS”)(a) | |||||||||||||||||
Contribution on gross revenue for social security financing (“COFINS”)(a) | |||||||||||||||||
Taxes on service (“ISS”)(b) | 0 | 0 | |||||||||||||||
Social security levied on gross revenue (“INSS”)(c) | 0 | 0 | |||||||||||||||
| 2022 | 2021 | 2020 | ||||||||||||||||||
| Net revenue from transaction activities and other services | ||||||||||||||||||||
| Recognized at a point in time | ||||||||||||||||||||
| Net revenue from subscription services and equipment rental | ||||||||||||||||||||
| Financial income | ||||||||||||||||||||
| Other financial income | ||||||||||||||||||||
| Recognized over time | ||||||||||||||||||||
| Total revenue and income | ||||||||||||||||||||
| 2022 | 2021 | 2020 | ||||||||||||||||||
Personnel expenses (Note 18.3) | ||||||||||||||||||||
Financial expenses(a) | ||||||||||||||||||||
Mark-to-market on equity securities designated at FVPL (Note 6.3(b)) | ||||||||||||||||||||
Transaction and client services costs(b) | ||||||||||||||||||||
Depreciation and amortization (Note 9.4) | ||||||||||||||||||||
Marketing expenses and sales commissions(c) | ||||||||||||||||||||
| Third parties services | ||||||||||||||||||||
| Other | ||||||||||||||||||||
| Total expenses | ||||||||||||||||||||
| 2022 | 2021 | 2020 | ||||||||||||||||||
| Wages and salaries | ||||||||||||||||||||
| Social security costs | ||||||||||||||||||||
| Profit sharing and annual bonuses | ||||||||||||||||||||
| Share-based payments | ||||||||||||||||||||
| Equity | |||||||||||||||||||||||||||||
| RSU | PSU | Options | Total | ||||||||||||||||||||||||||
| Number of shares | |||||||||||||||||||||||||||||
| Balance as of December 31, 2020 | |||||||||||||||||||||||||||||
| Granted | — | ||||||||||||||||||||||||||||
| Issued | ( | — | — | ( | |||||||||||||||||||||||||
| Cancelled | ( | — | ( | ||||||||||||||||||||||||||
| Balance as of December 31, 2021 | |||||||||||||||||||||||||||||
| Granted | |||||||||||||||||||||||||||||
| Issued | ( | — | ( | ||||||||||||||||||||||||||
| Cancelled | ( | ( | — | ( | |||||||||||||||||||||||||
| Balance as of December 31, 2022 | |||||||||||||||||||||||||||||
| RSU | ||||||||||||||||||||||||||
| Granted year | Vesting conditions | Weighted average fair value¹ | Remaining expected life | Number of Outstanding Awards | ||||||||||||||||||||||
| 2018² | From | R$ | ||||||||||||||||||||||||
| 2019 | From | R$ | ||||||||||||||||||||||||
| 2020 | From | R$ | ||||||||||||||||||||||||
| 2021 | From | R$ | ||||||||||||||||||||||||
| 2022 | From | R$ | ||||||||||||||||||||||||
| PSU | ||||||||||||||||||||||||||||||||||||||
| Granted year | Vesting conditions | Weighted average fair value | Volatility | Risk-free rate | Remaining expected life | Number of Outstanding Awards | ||||||||||||||||||||||||||||||||
| 2021 | R$ | |||||||||||||||||||||||||||||||||||||
| 2022 | From | R$ | ||||||||||||||||||||||||||||||||||||
| Options | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Granted year | Vesting conditions | Weighted average fair value | Method of valuation | Volatility | Remaining expected life | Exercisable at year end | Exercise price | Number of Outstanding Awards | ||||||||||||||||||||||||||||||||||||||||||
| 2018 | From | R$ | % | USD | ||||||||||||||||||||||||||||||||||||||||||||||
| 2019 | From | R$ | % | USD | ||||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | |||||||||||||
| Accrued annual payments and related social charges | ||||||||||||||
| Labor liabilities and related social charges | ||||||||||||||
| Total labor and social security liabilities | ||||||||||||||
| Current | ||||||||||||||
| Non-current | ||||||||||||||
| Changes in non-controlling interest | |||||||||||||||||||||||
| Capital contributions (deductions) by non-controlling interests | Transfers to (from) non-controlling interests | Changes in equity attributable to owners of the parent | Consideration paid or payable to non-controlling interests | ||||||||||||||||||||
| For the year ended December 31, 2020 | |||||||||||||||||||||||
| Transactions between subsidiaries and shareholders: | |||||||||||||||||||||||
| Issuance of shares for purchased noncontrolling interests | |||||||||||||||||||||||
| Capital contribution to subsidiary | ( | ||||||||||||||||||||||
| For the period ended December 31, 2021 | |||||||||||||||||||||||
| Transactions between subsidiaries and shareholders: | |||||||||||||||||||||||
| Issuance of shares for purchased noncontrolling interests | ( | ( | |||||||||||||||||||||
| Capital contribution to subsidiary | |||||||||||||||||||||||
| Sale of subsidiary | ( | ( | |||||||||||||||||||||
| Non-controlling interests arising on a business combination | |||||||||||||||||||||||
| ( | ( | ||||||||||||||||||||||
| For the period ended December 31, 2022 | |||||||||||||||||||||||
| Transactions between subsidiaries and shareholders: | |||||||||||||||||||||||
| Transaction costs from subsidiaries | ( | ||||||||||||||||||||||
| Equity transaction with non-controlling interests (d) | ( | ||||||||||||||||||||||
| Non-controlling interests arising on a business combination (e) | |||||||||||||||||||||||
| ( | ( | ||||||||||||||||||||||
| 2022 | 2021 | 2020 | ||||||||||||||||||
| Fair value adjustment on loans designated at FVPL | ( | ( | ||||||||||||||||||
| Fair value adjustment on equity securities designated at FVPL | ( | ( | ||||||||||||||||||
| Fair value adjustment in financial instruments at FVPL | ( | ( | ||||||||||||||||||
| Fair value adjustment to accounts receivable from card issuers | ( | |||||||||||||||||||
| Fair value adjustment on equity instruments/listed securities designated at FVOCI | ( | |||||||||||||||||||
| 2022 | 2021 | 2020 | |||||||||||||||
| Property and equipment and intangible assets acquired through lease | |||||||||||||||||
| 2022 | 2021 | 2020 | |||||||||||||||
| Unpaid consideration for acquisition of non-controlling shares | |||||||||||||||||
Settlement of loans with private entities | |||||||||||||||||
| Shares of the Company delivered at Reclame Aqui acquisition 21.3.4(a) | |||||||||||||||||
| 2022 | 2021 | 2020 | |||||||||||||||
Additions of property and equipment (Note 9.3) | ( | ( | ( | ||||||||||||||
| Additions of right of use (IFRS 16) (Note 9.3) | |||||||||||||||||
| Payments from previous year | ( | ( | ( | ||||||||||||||
| Purchases not paid at year end | |||||||||||||||||
| Prepaid purchases of POS | ( | ( | |||||||||||||||
| Purchases of property and equipment | ( | ( | ( | ||||||||||||||
Additions of intangible assets (Note 10.3) | ( | ( | ( | ||||||||||||||
| Additions of right of use (IFRS 16) (Note 10.3) | |||||||||||||||||
| Payments from previous year | ( | ||||||||||||||||
| Purchases not paid at year end | |||||||||||||||||
| Capitalization of borrowing costs | |||||||||||||||||
| Issuance of shares for acquisition of assets | |||||||||||||||||
| Purchases and development of intangible assets | ( | ( | ( | ||||||||||||||
Net book value of disposed assets (Notes 9.3 and 10.3) | |||||||||||||||||
| Net book value of disposed Leases | ( | ( | ( | ||||||||||||||
| Loss on disposal of property and equipment and intangible assets | ( | ( | ( | ||||||||||||||
| Disposal of Creditinfo property, equipment and intangible assets, including goodwill | ( | ||||||||||||||||
| Disposal of Linked's property, equipment and intangible assets, including goodwill | ( | ||||||||||||||||
| Outstanding balance | ( | ||||||||||||||||
| Proceeds from disposal of property and equipment and intangible assets | |||||||||||||||||
| Fair value | Reclame Aqui (as of Feb 17, 2022)(a) | Plugg.to (as of June 08, 2022)(a) | Hubcount (as of August 31, 2022)(b) | Total | ||||||||||||||||||||||
| Cash and cash equivalents | ||||||||||||||||||||||||||
| Short-term investments | ||||||||||||||||||||||||||
| Trade accounts receivable | ||||||||||||||||||||||||||
| Recoverable taxes | ||||||||||||||||||||||||||
| Receivables from related parties | ||||||||||||||||||||||||||
| Property and equipment | ||||||||||||||||||||||||||
Intangible assets - Customer relationship(c) | ||||||||||||||||||||||||||
Intangible assets - Software(c) | ||||||||||||||||||||||||||
Intangible assets - Trademarks and patents(c) | ||||||||||||||||||||||||||
| Other assets | ||||||||||||||||||||||||||
| Total assets | ||||||||||||||||||||||||||
| Trade accounts payable | ||||||||||||||||||||||||||
| Loans and financing | ||||||||||||||||||||||||||
| Labor and social security liabilities | ||||||||||||||||||||||||||
| Taxes payable | ||||||||||||||||||||||||||
| Deferred tax liabilities | ||||||||||||||||||||||||||
| Other liabilities | ||||||||||||||||||||||||||
| Total liabilities | ||||||||||||||||||||||||||
| Net assets and liabilities | ||||||||||||||||||||||||||
Consideration paid (Note 21.3.4) | ||||||||||||||||||||||||||
| Goodwill | ||||||||||||||||||||||||||
| Reclame Aqui | Plugg.to | |||||||||||||
| Amount | ||||||||||||||
| Method of evaluation | Distributor’s Method | Distributor’s Method | ||||||||||||
Estimated useful life(a) | ||||||||||||||
Discount rate(b) | ||||||||||||||
| Source of information | Acquirer’s management internal projections | Acquirer’s management internal projections | ||||||||||||
| Assessment status | Final | Final | ||||||||||||
| Reclame Aqui | Plugg.to | |||||||||||||
| Amount | ||||||||||||||
| Method of evaluation | Replacement cost | MEEM (*) | ||||||||||||
Estimated useful life(a) | ||||||||||||||
Discount rate(b) | ||||||||||||||
| Source of information | Historical data | Acquirer’s management internal projections | ||||||||||||
| Assessment status | Final | Final | ||||||||||||
| Reclame Aqui | ||||||||
| Amount | ||||||||
| Method of evaluation | MEEM (*) | |||||||
Estimated useful life(a) | ||||||||
Discount rate(b) | ||||||||
| Source of information | Acquirer’s management internal projections | |||||||
| Assessment status | Final | |||||||
| Reclame Aqui | Plugg.to | Hubcount | Total | |||||||||||||||||||||||
| Cash consideration paid to the selling shareholders | ||||||||||||||||||||||||||
| Cash consideration to be paid to the selling shareholders | ||||||||||||||||||||||||||
Shares of the Company delivered to selling shareholders(a) | ||||||||||||||||||||||||||
Capital increase in the acquiree(a) | ||||||||||||||||||||||||||
Non-controlling interest in the acquiree(b) | ||||||||||||||||||||||||||
Call option in the acquiree(c) | ( | ( | ||||||||||||||||||||||||
Contingent consideration(d) | ||||||||||||||||||||||||||
| Total | ||||||||||||||||||||||||||
| 2022 | |||||
| Net revenue from subscription services and equipment rental | |||||
| Other financial income | |||||
| Total revenue and income | |||||
| Cost of services | ( | ||||
| Administrative expenses | ( | ||||
| Selling expenses | ( | ||||
| Financial expenses, net | ( | ||||
| Other income (expenses), net | ( | ||||
| ( | |||||
| Profit before income taxes | |||||
| Current income tax and social contribution | ( | ||||
| Net income for the year | |||||
| 2022 | |||||
| Pro-forma total revenue and income | |||||
| Pro-forma net loss for the year | ( | ||||
| Fair value | Preliminary amounts (as presented on December 31, 2021) | Adjustments | Final amounts (as presented on December 31, 2022) | |||||||||||||||||
| Cash and cash equivalents | ||||||||||||||||||||
| Trade accounts receivable | ||||||||||||||||||||
| Recoverable taxes | ||||||||||||||||||||
| Property and equipment | ||||||||||||||||||||
Intangible assets - Customer relationship(a) | ( | |||||||||||||||||||
Intangible assets - Software(a) | ||||||||||||||||||||
| Other assets | ( | |||||||||||||||||||
| Total assets | ||||||||||||||||||||
| Trade accounts payable | ||||||||||||||||||||
| Labor and social security liabilities | ||||||||||||||||||||
| Taxes payable | ||||||||||||||||||||
| Deferred tax liabilities | ||||||||||||||||||||
| Other liabilities | ( | |||||||||||||||||||
| Total liabilities | ||||||||||||||||||||
Net assets and liabilities(b) | ||||||||||||||||||||
Consideration paid (Note 21.4.3) | ( | |||||||||||||||||||
| Goodwill | ( | |||||||||||||||||||
| Fair value | Preliminary amounts (as presented on December 31, 2021) | Adjustments | Final amounts (as presented on December 31, 2022) | |||||||||||||||||
| Cash and cash equivalents | ||||||||||||||||||||
| Trade accounts receivable | ||||||||||||||||||||
| Recoverable taxes | ||||||||||||||||||||
| Property and equipment | ||||||||||||||||||||
| Intangible assets | ( | |||||||||||||||||||
Intangible assets - Customer relationship(a) | ( | |||||||||||||||||||
Intangible assets - Software(a) | ||||||||||||||||||||
Intangible assets - Trademarks and patents(a) | ||||||||||||||||||||
| Other assets | ( | |||||||||||||||||||
| Total assets | ||||||||||||||||||||
| Trade accounts payable | ||||||||||||||||||||
| Loans and financing | ||||||||||||||||||||
| Labor and social security liabilities | ||||||||||||||||||||
| Taxes payable | ||||||||||||||||||||
| Provision for contingencies | ||||||||||||||||||||
| Deferred tax liabilities | ||||||||||||||||||||
| Other liabilities | ( | |||||||||||||||||||
| Total liabilities | ||||||||||||||||||||
Net assets and liabilities(b) | ||||||||||||||||||||
Consideration paid (Note 21.4.3) | ||||||||||||||||||||
| Goodwill | ( | |||||||||||||||||||
| Fair value | Preliminary amounts (as presented on December 31, 2021) | Adjustments | Final amounts (as presented on December 31, 2022) | |||||||||||||||||
| Cash and cash equivalents | ||||||||||||||||||||
| Short-term investments | ||||||||||||||||||||
| Accounts receivable from card issuers | ||||||||||||||||||||
| Trade accounts receivable | ||||||||||||||||||||
| Recoverable taxes | ( | |||||||||||||||||||
| Prepaid expenses | ||||||||||||||||||||
| Deferred tax assets | ||||||||||||||||||||
| Property and equipment | ||||||||||||||||||||
| Intangible assets | ||||||||||||||||||||
Intangible assets - Customer relationship(a) | ( | |||||||||||||||||||
Intangible assets - Software(a) | ||||||||||||||||||||
Intangible assets - Trademarks and patents(a) | ||||||||||||||||||||
Intangible assets - Non-compete agreement(a) | ||||||||||||||||||||
| Other assets | ||||||||||||||||||||
| Total assets | ||||||||||||||||||||
| Accounts payable to clients | ||||||||||||||||||||
| Trade accounts payable | ||||||||||||||||||||
| Loans and financing | ||||||||||||||||||||
| Labor and social security liabilities | ||||||||||||||||||||
| Taxes payable | ||||||||||||||||||||
| Deferred tax liabilities | ||||||||||||||||||||
| Provision for contingencies | ||||||||||||||||||||
| Other liabilities | ||||||||||||||||||||
| Total liabilities | ||||||||||||||||||||
Net assets and liabilities(b) | ||||||||||||||||||||
Consideration paid (Note 21.4.3.3) | ||||||||||||||||||||
| Goodwill | ( | |||||||||||||||||||
| Fair value | Preliminary amounts (as presented on December 31, 2021) | Adjustments | Final amounts (as presented on December 31, 2022) | |||||||||||||||||
| Cash and cash equivalents | ||||||||||||||||||||
| Trade accounts receivable | ||||||||||||||||||||
| Property and equipment | ||||||||||||||||||||
Intangible assets - Software(a) | ( | |||||||||||||||||||
| Other assets | ||||||||||||||||||||
| Total assets | ( | |||||||||||||||||||
| Deferred tax liabilities | ( | |||||||||||||||||||
| Other liabilities | ||||||||||||||||||||
| Total liabilities | ( | |||||||||||||||||||
Net assets and liabilities(b) | ( | |||||||||||||||||||
Consideration paid (Note 21.4.3.4) | ( | |||||||||||||||||||
| Goodwill | ||||||||||||||||||||
| Fair value | Preliminary amounts (as presented on December 31, 2021) | Adjustments | Final amounts (as presented on December 31, 2022) | |||||||||||||||||
| Cash and cash equivalents | ||||||||||||||||||||
| Trade accounts receivable | ||||||||||||||||||||
| Property and equipment | ||||||||||||||||||||
Intangible assets - Customer relationship(a) | ||||||||||||||||||||
Intangible assets - Software(a) | ( | |||||||||||||||||||
Intangible assets - Trademarks and patents(a) | ( | |||||||||||||||||||
| Other assets | ||||||||||||||||||||
| Total assets | ( | |||||||||||||||||||
| Accounts payable to clients | ||||||||||||||||||||
| Labor and social security liabilities | ||||||||||||||||||||
| Taxes payable | ||||||||||||||||||||
| Deferred tax liabilities | ( | |||||||||||||||||||
| Other liabilities | ||||||||||||||||||||
| Total liabilities | ( | |||||||||||||||||||
| Net assets and liabilities (b) | ( | ( | ||||||||||||||||||
Consideration paid (Note 21.4.3.5) | ||||||||||||||||||||
| Goodwill | ||||||||||||||||||||
| SimplesVet | VHSYS | Linx | Collact | |||||||||||||||||||||||
| Amount | ||||||||||||||||||||||||||
| Method of evaluation | MEEM (*) | MEEM (*) | MEEM (*) | MEEM (*) | ||||||||||||||||||||||
| Estimated useful life (a) | ||||||||||||||||||||||||||
| Discount rate (b) | ||||||||||||||||||||||||||
| Source of information | Acquirer’s management internal projections | Acquirer’s management internal projections | Acquirer’s management internal projections | Acquirer’s management internal projections | ||||||||||||||||||||||
| SimplesVet | VHSYS | Linx | Trampolin | Collact | ||||||||||||||||||||||||||||
Amount | ||||||||||||||||||||||||||||||||
| Method of evaluation | Replacement cost | Replacement cost | Relief from royalties | Replacement costs | Relief from royalties | |||||||||||||||||||||||||||
Estimated useful life(a) | ||||||||||||||||||||||||||||||||
Discount rate(b) | ||||||||||||||||||||||||||||||||
| Source of information | Historical data | Historical data | Acquirer’s management internal projections | Historical data | Acquirer’s management internal projections | |||||||||||||||||||||||||||
| VHSYS | Linx | |||||||||||||
| Amount | ||||||||||||||
| Method of evaluation | Relief from royalties | Relief from royalties | ||||||||||||
Estimated useful life(a) | Indefinite | Indefinite | ||||||||||||
Discount rate(b) | ||||||||||||||
| Source of information | Acquirer’s management internal projections | Acquirer’s management internal projections | ||||||||||||
| Linx | ||||||||
| Amount | ||||||||
| Method of evaluation | With / without | |||||||
Estimated useful life(a) | ||||||||
Discount rate(b) | ||||||||
| Source of information | Acquirer’s management internal projections | |||||||
| Preliminary amounts (as presented on December 31, 2021) | Adjustments | Final amounts (as presented on December 31, 2022) | ||||||||||||||||||
| Cash consideration paid to the selling shareholders | ||||||||||||||||||||
| Cash consideration to be paid to the selling shareholders | ||||||||||||||||||||
Non-controlling interest in the acquiree(a) | ||||||||||||||||||||
Contingent consideration(b) | ( | |||||||||||||||||||
| Total | ( | |||||||||||||||||||
| Preliminary amounts (as presented on December 31, 2021) | Adjustments | Final amounts (as presented on December 31, 2022) | ||||||||||||||||||
| Cash consideration paid to the selling shareholders | ||||||||||||||||||||
Previously held equity interest in the acquiree, at fair value(a) | ||||||||||||||||||||
Non-controlling interest in the acquiree(b) | ||||||||||||||||||||
| Total | ||||||||||||||||||||
| Preliminary amounts (as presented on December 31, 2021) | Adjustments | Final amounts (as presented on December 31, 2022) | ||||||||||||||||||
| Cash consideration paid to the selling shareholders | ||||||||||||||||||||
Previously held equity interest in the acquiree, at fair value(a) | ||||||||||||||||||||
| Shares of the Company issued to selling shareholders | ||||||||||||||||||||
Contingent consideration(b) | ||||||||||||||||||||
| Total | ||||||||||||||||||||
| Preliminary amounts (as presented on December 31, 2021) | Adjustments | Final amounts (as presented on December 31, 2022) | ||||||||||||||||||
| Cash consideration paid to the selling shareholders | ||||||||||||||||||||
| Shares of the Company to be issued to selling shareholders | ||||||||||||||||||||
Contingent consideration(a) | ( | |||||||||||||||||||
| Total | ( | |||||||||||||||||||
| Preliminary amounts (as presented on December 31, 2021) and Final amounts (as presented on September 30, 2022) | ||||||||
| Cash consideration paid to the selling shareholders | ||||||||
Previously held equity interest in the acquiree, at fair value(a) | ||||||||
| Loans converted into shares | ||||||||
| Cash consideration to be paid to the selling shareholders | ||||||||
Contingent consideration(b) | ||||||||
| Total | ||||||||
| December 31, 2022 | ||||||||||||||||||||
| Financial Services | Software | Non allocated | ||||||||||||||||||
| Total revenue and income | ||||||||||||||||||||
| Cost of services | ( | ( | ( | |||||||||||||||||
| Administrative expenses | ( | ( | ( | |||||||||||||||||
| Selling expenses | ( | ( | ( | |||||||||||||||||
| Financial expenses, net | ( | ( | ( | |||||||||||||||||
| Other income (expenses), net | ( | ( | ( | |||||||||||||||||
| Total adjusted expenses | ( | ( | ( | |||||||||||||||||
| Loss on investment in associates | ( | ( | ( | |||||||||||||||||
| Ajusted profit (loss) before income taxes | ( | |||||||||||||||||||
| Income taxes and social contributions | ( | ( | ( | |||||||||||||||||
| Adjusted net income (loss) for the year | ( | |||||||||||||||||||
| Adjusted net income (loss) for the year (not adjusting for the bond) | ( | |||||||||||||||||||
| Adjusted net income (loss) for the year (adjusting for the bond) | ( | |||||||||||||||||||
| December 31, 2021 | |||||||||||||||||
| Financial Services | Software | Non allocated | |||||||||||||||
| Total revenue and income | |||||||||||||||||
| Cost of services | ( | ( | ( | ||||||||||||||
| Administrative expenses | ( | ( | ( | ||||||||||||||
| Selling expenses | ( | ( | ( | ||||||||||||||
| Financial expenses, net | ( | ( | ( | ||||||||||||||
| Other income (expenses), net | ( | ( | ( | ||||||||||||||
| Total adjusted expenses | ( | ( | ( | ||||||||||||||
| Loss on investment in associates | ( | ( | ( | ||||||||||||||
| Adjusted profit (loss) before income taxes | ( | ( | |||||||||||||||
| Income taxes and social contributions | ( | ( | |||||||||||||||
| Adjusted net income (loss) for the year | ( | ( | |||||||||||||||
| Adjusted net income (loss) for the year (not adjusting for the bond) | ( | ( | |||||||||||||||
| December 31, 2020 | ||||||||||||||||||||
| Financial Services | Software | Non allocated | ||||||||||||||||||
| Total revenue and income | ||||||||||||||||||||
| Cost of services | ( | ( | ( | |||||||||||||||||
| Administrative expenses | ( | ( | ( | |||||||||||||||||
| Selling expenses | ( | ( | ( | |||||||||||||||||
| Financial expenses, net | ( | ( | ( | |||||||||||||||||
| Other income (expenses), net | ( | ( | ( | |||||||||||||||||
| Total adjusted expenses | ( | ( | ( | |||||||||||||||||
| Loss on investment in associates | ( | ( | ||||||||||||||||||
| Ajusted profit (loss) before income taxes | ( | ( | ||||||||||||||||||
| Income taxes and social contributions | ( | ( | ( | |||||||||||||||||
| Adjusted net income (loss) for the year | ( | ( | ||||||||||||||||||
| December 31, 2022 | December 31, 2021 | December 31, 2020 | |||||||||||||||
| Adjusted net income – Financial Services | |||||||||||||||||
| Adjusted net income (loss) – Software | ( | ( | |||||||||||||||
| Adjusted net income (loss) – Non allocated | ( | ( | ( | ||||||||||||||
| Segment adjusted net income | |||||||||||||||||
| Adjustments from adjusted net income to consolidated net income (loss) | |||||||||||||||||
| Mark-to-market from the investment in Banco Inter and related cost | ( | ( | |||||||||||||||
| Amortization of fair value adjustment (a) | ( | ( | ( | ||||||||||||||
| Share-based compensation expenses (b) | ( | ( | ( | ||||||||||||||
| Gain on previously held interest in associate | |||||||||||||||||
| Other expenses (c) | ( | ( | |||||||||||||||
| Tax effect on adjustments | |||||||||||||||||
| Consolidated net income (loss) | ( | ( | |||||||||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
| Class A common shares, par value US$0.000079365 per share | STNE | The Nasdaq Global Select Market | ||||||||||||



















| VISA DO BRASIL EMPREENDIMENTOS LTDA. | |||||||||||
| Assinatura/Signature: | /s/ Fernando Teles | ||||||||||
| Nome/Name: | Fernando Teles | ||||||||||
| Cargo/Title: | Diretor Geral | ||||||||||
| Data/Date: | |||||||||||
| STONE PAGAMENTOS S.A. | |||||||||||
| Assinatura/Signature: | /s/ Augusto Barbosa Estellita Lins | /s/ Carlos Alberto Bordini | |||||||||
| Nome/Name: | Augusto Barbosa Estellita Lins | Carlos Alberto Bordini | |||||||||
| Cargo/Title: | DIRETOR - Stone Pagamentos S.A. | ||||||||||
| Data/Date: | CPF: 743.414.217-00 | ||||||||||
| VISA INTERNATIONAL SERVICE ASSOCIATION | |||||||||||
| Assinatura/Signature: | /s/ Eduardo Coello | ||||||||||
| Nome/Name: | Eduardo Coello | ||||||||||
| Cargo/Title: | Group Executive - LAC | ||||||||||
| Data/Date: | AUG 16, 17 | ||||||||||
| 1 | /s/ Ana Luisa Constantino Santos | 2 | /s/ | |||||||||||
| Ana Luisa Constantino Santos | ||||||||||||||
| CPF: 402.147.468-44 | RG: 45.948.487-1 | |||||||||||||
| RG: 35.729.128-1 | CPF: 371.111.038-07 | |||||||||||||

| 1. | DLP Capital LLC (Delaware) | ||||
| 2. | MPB Capital LLC (Texas) | ||||
| 3. | DLPPar Participações S.A. (Brazil) | ||||
| 5. | Stone Instituição de Pagamento S.A. (formerly Stone Pagamentos S.A., subsidiary of DLP Capital LLC after the merger of StoneCo Brasil) (Brazil) | ||||
| 6. | STNE Participações S.A. (Subsidiary of DLP Capital LLC) (Brazil) | ||||
| 7. | STNE Participações em Tecnologia S.A. (Subsidiary of DLP Capital LLC) (Brazil) | ||||
| 8. | MNLT S.A. (formerly MNLT Soluções de Pagamento S.A., subsidiary of Stone Instituição de Pagamento S.A.) (Brazil) | ||||
| 9. | Pagar.me Instituição de Pagamento S.A. (formerly Pagar.me Pagamentos S.A., subsidiary of Stone Instituição de Pagamento S.A.) (Brazil) | ||||
| 10. | Stone Sociedade de Crédito Direto S.A. (Subsidiary of Stone Instituição de Pagamento S.A.) (Brazil) | ||||
| 11. | TAG Tecnologia para o Sistema Financeiro S.A. (Subsidiary of STNE Participações em Tecnologia S.A.) (Brazil) | ||||
| 12. | Buy4 Processamento de Pagamentos S.A. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 13. | Buy4 Sub LLC (Subsidiary of Buy4 Processamento de Pagamentos S.A.) (Texas) | ||||
| 14. | Cappta S.A. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 15. | Collact Serviços Digitais S.A. (Collact was merged into Stone Instituição de Pagamento S.A. on January 1, 2022) (Brazil) | ||||
| 16. | Equals S.A. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 17. | PDCA S.A. (Subsidiary of STNE Participações S.A.) (PDCA was merged into Pagar.me Instituição de Pagamento S.A. on October, 2022) (Brazil) | ||||
| 18. | Stone Franchising Ltda. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 19. | Stone Logística Ltda. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 20. | VHSYS Sistemas de Gestão S.A. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 21. | Alpha-Logo Serviços de Informática S.A. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 22. | Trinks Serviços de Internet S.A. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 23. | MAV Participações S.A. (“MVarandas”, MVarandas was merged into Linx Sistemas e Consultoria Ltda. on April 1, 2022) (Brazil) | ||||
| 24. | Vitta Tecnologia em Saúde S.A. (Brazil) | ||||
| 25. | VittaPar LLC (Cayman Islands) | ||||
| 26. | Vitta Corretora de Seguros Ltda. (Subsidiary of Vitta Tecnologia em Saúde S.A.) (Brazil) | ||||
| 27. | Vitta Serviços em Saúde Ltda. (Subsidiary of Vitta Tecnologia em Saúde S.A.) (Brazil) | ||||
| 28. | Vitta Saúde Administradora de Benefícios Ltda. (Subsidiary of Vitta Tecnologia em Saúde S.A.) (Brazil) | ||||
| 29. | MLabs Software S.A. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 30. | Questor Sistemas S.A. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 31. | Sponte Informática S.A. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 32. | StoneCo CI Ltd. (Cayman Islands) | ||||
| 33. | Creditinfo Jamaica Ltd. (Jamaica) | ||||
| 34. | Creditinfo Guyana Inc (Guyana) | ||||
| 35. | Creditadvice Barbados Ltd. (Barbados) | ||||
| 36. | Stone Seguros S.A. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 37. | Delivery Much Tecnologia S.A. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 38. | TAPSO - Fundo de Investimento em Direitos Creditórios (Brazil) | ||||
| 39. | FIDC AR3 (Brazil) | ||||
| 40. | Soma Fundo de Investimentos em Direitos Creditórios (Brazil) | ||||
| 41. | Soma III Fundo de Investimentos em Direitos Creditórios (Brazil) | ||||
| 42. | StoneCo Exclusivo FIC FIM (Brazil) | ||||
| 43. | Linx Pay Meios de Pagamento Ltda. (Subsidiary of Linx Sistemas e Consultoria Ltda.) (Brazil) | ||||
| 44. | SimplesVet Tecnologia S.A. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 45. | Trampolin Pagamentos S.A. (Subsidiary of Pagar.me Instituição de Pagamento S.A.) (Brazil) | ||||
| 46. | Linx S.A. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 47. | Linx Sistemas e Consultoria Ltda. (Subsidiary of Linx S.A.) (Brazil) | ||||
| 48. | Linx Telecomunicações Ltda. (Subsidiary of Linx S.A.) (Brazil) | ||||
| 49. | Napse S.R.L. (Argentina) | ||||
| 50. | Sociedad Ingenería de Sistemas Napse I.T. de Chile Limitada (Chile) | ||||
| 51. | Synthesis IT Peru S.A.C. (Peru) | ||||
| 52. | Synthesis Holding LLC. (Florida) | ||||
| 53. | Synthesis US LLC (Florida) | ||||
| 54. | Retail Americas Sociedad de Responsabilidad Limitada de Capital Variable (Mexico) | ||||
| 55. | Synthesis IT de México Sociedad de Responsabilidad Limitada de Capital Variable (Mexico) | ||||
| 56. | Mercadapp Soluções em Software Ltda. (Mercadapp was merged into Linx Sistemas e Consultoria Ltda. on January 1, 2022) (Brazil) | ||||
| 57. | Hiper Software S.A. (Subsidiary of Linx Sistemas e Consultoria Ltda.) (Brazil) | ||||
| 58. | Ametista Serviços Digitais Ltda. (Subsidiary of Linx Pay Meios de Pagamento Ltda.) (Brazil) | ||||
| 59. | Esmeralda Serviços Digitais Ltda. (Subsidiary of Linx Pay Meios de Pagamento Ltda.) (Brazil) | ||||
| 60. | Diamante Serviços Digitais Ltda. (Subsidiary of Linx Pay Meios de Pagamento Ltda.) (Brazil) | ||||
| 61. | Safira Serviços Digitais Ltda. (Subsidiary of Linx Pay Meios de Pagamento Ltda.) (Brazil) | ||||
| 62. | TAPSO FIDC II (Brazil) | ||||
| 63. | Retail Renda Fixa Crédito Privado Fundo de Investimento (Brazil) | ||||
| 64. | StoneCo Pagamentos UK Ltd. (United Kingdom) | ||||
| 65. | Nodis Tecnologia S.A. (Subsidiary of STNE Participações S.A.) (spin-off to Linx Sistemas e Consultoria Ltda., on November, 2022) (Brazil) | ||||
| 66. | Stone Cartões Instituição de Pagamento S.A. (formerly STN Benefícios S.A., subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 67. | App Sistemas S.A. (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| 68. | Neostore Desenvolvimento de Programas de Computador S.A. (Subsidiary of Linx Sistemas e Consultoria Ltda.) (Brazil) (Paid in corporate capital dated as of January 2022) | ||||
| 69. | Creditinfo ECCU Ltd (“Creditinfo Caribbean”) | ||||
| 70. | Napse Uruguay SAS (“Napse Group”) | ||||
| 71. | Óbvio Brasil (“Reclame Aqui Group”) | ||||
| 72. | Reclame Aqui Holding Ltd. | ||||
| 73. | O mediador (“Reclame Aqui Group”) | ||||
| 74. | Reclame Aqui Marcas (“Reclame Aqui Group”) | ||||
| 75. | Reclame Aqui LLC | ||||
| 76. | RH Software S.A. (DentalOffice) (Subsidiary of STNE Participações S.A.) (Brazil) | ||||
| Date: | April 28, 2023 | By: | /s/ Pedro Zinner | ||||||||||||||
| Name: | Pedro Zinner | ||||||||||||||||
| Title: | Chief Executive Officer | ||||||||||||||||
| (Principal Executive Officer) | |||||||||||||||||
| Date: | April 28, 2023 | By: | /s/ Silvio José Morais | ||||||||||||||
| Name: | Silvio José Morais | ||||||||||||||||
| Title: | Interim Chief Financial Officer | ||||||||||||||||
| Date: | April 28, 2023 | By: | /s/ Pedro Zinner | ||||||||||||||
| Name: | Pedro Zinner | ||||||||||||||||
| Title: | Chief Executive Officer | ||||||||||||||||
| (Principal Executive Officer) | |||||||||||||||||
| Date: | April 28, 2023 | By: | /s/ Silvio José Morais | ||||||||||||||
| Name: | Silvio José Morais | ||||||||||||||||
| Title: | Interim Chief Financial Officer | ||||||||||||||||
Audit Information |
12 Months Ended |
|---|---|
Dec. 31, 2022 | |
| Audit Information [Abstract] | |
| Auditor Name | Ernst & Young Auditores Independentes S/S Ltda. |
| Auditor Location | São Paulo, Brazil |
| Auditor Firm ID | 1448 |
Consolidated statement of changes in equity - BRL (R$) R$ in Thousands |
Total |
Issued capital |
Additional paid-in capital |
Transactions among shareholders |
Special reserve |
Other reserves |
Total |
Treasury shares |
Other comprehensive income |
Retained earnings |
Total |
Non-controlling interests |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Beginning balance at Dec. 31, 2019 | R$ 5,973,005 | R$ 62 | R$ 5,440,047 | R$ (223,676) | R$ 61,127 | R$ 166,288 | R$ 5,443,786 | R$ (90) | R$ (72,335) | R$ 600,956 | R$ 5,972,379 | R$ 626 |
| Statement [LineItems] | ||||||||||||
| Net income (loss) for the year | 837,446 | 854,071 | 854,071 | (16,625) | ||||||||
| Other comprehensive income (loss) for the year | 67,140 | 67,333 | 67,333 | (193) | ||||||||
| Total comprehensive income | 904,586 | 67,333 | 854,071 | 921,404 | (16,818) | |||||||
| Capital increase | 7,872,554 | 13 | 7,872,541 | 7,872,541 | 7,872,554 | |||||||
| Transaction costs from subsidiaries | (39,964) | 39,964 | 39,964 | 39,964 | ||||||||
| Share-based payments | 31,508 | 31,296 | 31,296 | 31,296 | 212 | |||||||
| Issuance of shares for business acquisition | 34,961 | 34,961 | 34,961 | 34,961 | ||||||||
| Repurchase and cancelation of shares | 91 | 91 | 91 | 91 | ||||||||
| Repurchase of shares | (76,270) | 76,270 | 76,270 | |||||||||
| Cash proceeds from noncontrolling interest | 230,898 | 135,055 | 135,055 | 135,055 | 95,843 | |||||||
| Dilution of non-controlling interest | 0 | (2,138) | (2,138) | (2,138) | 2,138 | |||||||
| Non-controlling interests arising on a business combination | 61,720 | 61,720 | ||||||||||
| Dividends paid | (904) | 904 | ||||||||||
| Others | 22 | 22 | ||||||||||
| Ending balance at Dec. 31, 2020 | 14,992,025 | 75 | 13,307,585 | (86,483) | 61,127 | 197,493 | 13,479,722 | (76,360) | (5,002) | 1,455,027 | 14,853,462 | 138,563 |
| Statement [LineItems] | ||||||||||||
| Net income (loss) for the year | (1,377,348) | (1,358,813) | (1,358,813) | (18,535) | ||||||||
| Other comprehensive income (loss) for the year | (29,118) | (30,790) | (30,790) | 1,672 | ||||||||
| Total comprehensive income | (1,406,466) | (30,790) | (1,358,813) | (1,389,603) | (16,863) | |||||||
| Transaction costs from subsidiaries | (23,848) | 23,848 | 23,848 | 23,848 | ||||||||
| Share-based payments | 133,154 | 133,121 | 133,121 | 133,121 | 33 | |||||||
| Issuance of shares for business combination | 643,727 | 619,362 | 24,365 | 643,727 | 643,727 | |||||||
| Repurchase of shares | (988,824) | 988,824 | 988,824 | |||||||||
| Issuance of shares for purchased non-controlling interests | 230,500 | 1 | 517,740 | (209,330) | 308,410 | 308,411 | (77,911) | |||||
| Cash proceeds from noncontrolling interest | 893 | 893 | ||||||||||
| Non-controlling interests arising on a business combination | 50,252 | 50,252 | ||||||||||
| Sale of subsidiary | (1,219) | (1,219) | ||||||||||
| Dividends paid | (2,967) | 2,967 | ||||||||||
| Others | (7) | (7) | ||||||||||
| Ending balance at Dec. 31, 2021 | 13,627,220 | 76 | 13,825,325 | 299,701 | 61,127 | 354,979 | 14,541,132 | (1,065,184) | (35,792) | 96,214 | 13,536,446 | 90,774 |
| Statement [LineItems] | ||||||||||||
| Net income (loss) for the year | (526,396) | (519,417) | (519,417) | (6,979) | ||||||||
| Other comprehensive income (loss) for the year | (401,071) | |||||||||||
| Other comprehensive loss for the year | (401,070) | (396,909) | (396,909) | (4,161) | ||||||||
| Total comprehensive income | (927,467) | |||||||||||
| Total comprehensive income | (927,466) | (396,909) | (519,417) | (916,326) | (11,140) | |||||||
| Share-based payments | 189,050 | 189,003 | 189,003 | 189,003 | 47 | |||||||
| Sale of subsidiary | (60) | (60) | ||||||||||
| Dividends paid | (3,601) | 3,601 | ||||||||||
| Others | 6 | 6 | ||||||||||
| Shares delivered under share-based payment arrangements | (34,315) | (88,264) | (122,579) | 122,579 | ||||||||
| Equity transaction with non-controlling interests | (30,549) | (6,792) | (6,792) | (6,792) | (23,757) | |||||||
| Equity transaction related to put options over non-controlling interest | (74,440) | (78,289) | (78,289) | (78,289) | 3,849 | |||||||
| Treasury shares - Delivered on business combination and sold | 169,864 | (703,656) | (703,656) | 873,520 | 169,864 | |||||||
| Ending balance at Dec. 31, 2022 | R$ 12,950,024 | R$ 76 | R$ 13,825,325 | R$ (445,062) | R$ 61,127 | R$ 377,429 | R$ 13,818,819 | R$ (69,085) | R$ (432,701) | R$ (423,203) | R$ 12,893,906 | R$ 56,118 |
Operations |
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Dec. 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of joint operations [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operations | Operations StoneCo Ltd. (the “Company”), is a Cayman Islands exempted company with limited liability, incorporated on March 11, 2014. The registered office of the Company is located at 4th Floor, Harbour Place 103 South Church Street. On November 29, 2022, the Company announced that the Brazilian Central Bank (“BACEN”) has approved the technical requirement of change of control submitted by the Company amid a corporate restructuring involving the conversion of Eduardo Pontes interests in Company´s Class B super-voting shares from HR Holdings, LLC (which were held indirectly through holding companies) into Class A shares directly owned by his family vehicles ("Corporate Restructuring”). As a result of the Corporate Restructuring, there were a decrease in the concentration of votes held by the Company’s founding shareholders and HR Holdings, LLC became the owner of 31.1% of the Company’s voting power, whose ultimate parent is an investment fund, the VCK Investment Fund Limited SAC A, owned by the co-founder of the Company, Andre Street. The individual Company’s shares are publicly traded on Nasdaq (STNE) and depositary receipts (BDRs) representing the Company´s shares are traded on the São Paulo exchange (B3 under the ticker STOC31). The Company and its subsidiaries (collectively, the “Group”) provide financial services and software solutions to clients across in-store. mobile and online devices helping them to better manage their businesses, become more productive and sell more - both online and offline. The consolidated financial statements were approved by the Audit Committee on meeting held on March 10, 2023. 1.1. 2020 Follow-on On August 12, 2020, the Company filed a follow-on prospectus offering 31,481,250 of its Class A common shares, of a par value of US$0.000079365 per share, including the full exercise of the underwriters’ option to purchase 4,106,250 additional shares (“Offering”). The Offering price was US$ 47.50 per Class A common share, resulting in gross proceeds of US$ 1,495,359. The Company received net proceeds of US$ 1,464,702 (or R$ 7,872,554), after deducting US$ 30,657 in underwriting discounts and commissions. Additionally, the Company incurred in US$ 7,278 and (or R$ 39,964) regarding other offering expenses. The shares offered and sold in the Offering were registered under the Securities Act of 1933, as amended, pursuant to the Company’s Registration Statement on Form F-3 (Registration No. 333-244404), which was declared effective by the Securities and Exchange Commission on August 17, 2020. The Company used the net proceeds from the Offering to finance the acquisition of Linx S.A. (Note 1.2), and to pay related fees and expenses, as well as for general corporate purposes. 1.2. Linx acquisition On November 17, 2020, Linx S.A. (“Linx”) held an Extraordinary General Meeting that approved the business combination between STNE Participações S.A. (“STNE Par”), that holds the software investments business of the Group, and Linx, a leading provider of retail management software in Brazil. The transaction was unanimously approved by the Brazilian Antitrust Authority (“CADE”) on June 16, 2021, with no restrictions, and was completed on July 1, 2021. Pursuant to the terms and subject to the conditions set forth in the Association Agreement and its amendments, each Linx share issued and outstanding immediately prior to the consummation of the transaction was automatically contributed to the Group in exchange for one newly issued redeemable STNE Par Class A Preferred Share and one newly issued redeemable STNE Par Class B Preferred Share. Immediately thereafter, each STNE Par Class A Preferred Share was redeemed for a cash payment of R$33.5229 updated proportionally according to the CDI rate variation from February 11, 2021 until the date of the effective payment, and each STNE Par Class B Preferred Share was redeemed for 0.0126730 BDR (Brazilian Depositary Receipt) Level1 (“StoneCo BDR”), admitted to trading on B3, and credited to the shareholders’ account on July 1, 2021, provided that each 1 (one) StoneCo BDR corresponded to 1 (one) StoneCo Class A Share (the “Base Exchange Ratio”). The Base Exchange Ratio was calculated on a fully diluted basis, assuming a number of fully diluted shares of Linx of 178,361,138 on the transaction consummation date and represented a total consideration of R$ 37.78 for each Linx share. The redemption mentioned above was adjusted by Linx’s intermediary dividend payment, approved on June 16, 2021, based on the accumulated profits of fiscal years prior to 2020, as evidenced in its balance sheet as of December 31, 2020, for R$ 100,000 (one hundred million reais), corresponding to R$ 0.5636918 per share. On the date of the dividend approval, the Group already had Linx’s shares classified as Short-term investments, so it received an amount of R$ 20,129 as dividends, recognized in Other income (expenses), net. For further information, see Note 21.4. 1.3. Recasted financial statements The purchase price allocation was concluded for SimplesVet and VHSYS acquisitions on March 31, 2022, for the Linx acquisition on June 30, 2022 and for Collact and Trampolin acquisitons on September 30, 2022 (see details in Note 21.4). Therefore, retrospective adjustments were made in the Statement of financial position as of December 31, 2021 in accordance with IFRS 3. There were no impacts in the Statement of profit or loss for the comparative year ended December 31, 2021. The revised lines in the Statement of financial position are as follows:
(a)The recoverability of tax credits previously recognized by Linx was reviewed. (b)The Group identified deferred tax liabilities in relation to the tax amortization of goodwill previously recognized by Linx on past business combinations. These amounts were derecognized on the consolidated financial statements due to the acquisition of Linx. A deferred tax asset related to the tax benefit over the remaining fiscal amortization of goodwill was recognized. Additionally, the deferred tax liabilities over identified intangible assets were reviewed. (c)The adjustments refer mainly to goodwill impacted by items (a) and (b) described above and a fair value of non-compete agreement signed with the Linx founders. Minor impacts refer to reviewed assessment of customer relationships, software, and trademarks and patents identified in the business combinations of SimplesVet, VHSYS, Trampolin, Collact and Linx. (d)The adjustments refer mainly to reviewed contingent consideration of SimplesVet and Trampolin. (e)The adjustments refer to the contingent consideration in the form of equity instruments originated from the non-compete agreement signed with the Linx founders. (f)The adjustments refer to the fair value of non-controlling interests in SimplesVet and VHSYS over the adjustments described in the item (c) above.
|
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Significant accounting policies |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Significant Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||
| Significant accounting policies | General accounting policies The accounting policies are presented in each of the notes along the financial statements. General accounting policies, not related to subjects treated in specific notes, are presented as follows. 2.1. Basis of preparation The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements have been prepared on a historical cost basis, except for some Short and Long-term investments, Accounts receivable from card issuers, certain loans presented under Trade accounts receivable, Derivative financial instruments, Other liabilities related to contingent consideration and, upon initial recognition, Provision for contingencies of entities acquired on business combinations. The consolidated financial statements are presented in Brazilian reais (“R$”), and all values are rounded to the nearest thousand (R$ 000), except when otherwise indicated. 2.2. Foreign currency translation 2.2.1. Financial statements in foreign currencies The Group’s consolidated financial statements are presented in Brazilian reais (“R$”), which is the Company’s functional currency. For each entity, the Group determines its functional currency. Items included in the financial statements of each entity are measured using that functional currency. The functional currency for the Company’s subsidiaries is also the Brazilian real, except for the Napse Group. The functional currencies of the different entities of the Napse Group are the U.S. dollar, Argentinian peso, Chilean peso, Mexican peso, Nuevo Sol and Uruguayan peso. The financial statements of entities with a functional currency different than the Brazilian real, have their financial statements translated into Brazilian reais using (i) the exchange rates at the reporting date for assets and liabilities, (ii) average monthly exchange rates for profit or loss, and (iii) the exchange rate at the transaction date for equity transactions. Exchange gains and losses arising from translating are recorded in OCI. 2.2.2. Transactions in foreign currencies Transactions in foreign currencies are initially recorded by the Group’s entities in their functional currency at the spot rate at the date the transaction first qualifies for recognition. Monetary assets and liabilities denominated in foreign currencies are translated into each functional currency using the exchange rates prevailing at the reporting date. Exchange gains and losses arising from the settlement of transactions and from the translation of monetary assets and liabilities denominated in foreign currency are recognized in the statement of profit or loss. These mostly arise from transactions carried out by clients with credit and debit cards issued by foreign card issuers and from the translation of the Group’s financial instruments denominated in foreign currencies. 2.3. Leases The determination of whether an arrangement is, or contains, a lease is based on the substance of the arrangement at the inception date. In the event that fulfillment of the arrangement is dependent on the use of specific assets or the arrangement transfers a right to use the asset, such arrangements are defined as leases. 2.3.1. Group as lessee The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets for which the Group opts for recognition exemption. The Group recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. 2.3.1.1. Right-of-use assets The Group recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. The estimated useful lives for the right-of-use assets are as follows:
If ownership of the leased asset is transferred to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The right-of-use assets are also subject to impairment. 2.3.1.2. Lease liabilities At the commencement date of the lease, the Group recognizes under “Loans and financing” lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating a lease, if the lease term reflects the Group exercising the option to terminate. The variable lease payments are recognized as expense in the period on which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Group uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset. 2.3.1.3. Short-term leases and leases of low-value assets The Group applies the short-term lease recognition exemption to its short-term leases of offices, software, vehicles and other equipment (contracts that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the low-value assets recognition exemption to leases of office equipment that are considered of low value (below US$5,000). Lease payments of short-term leases and leases of low-value assets are recognized as an expense on a straight-line basis over the lease term. 2.3.2. Group as lessor Leases in which the Group does not transfer substantially all the risks and rewards incidental to ownership of an asset are classified as operating leases. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the same basis as rental income. Contingent rents are recognized as revenue in the period in which they are earned. The Group has cancellable month-to-month lease contracts of Pin Pads & POS to third parties (clients). The leased assets are included in “Property and equipment” in the consolidated statement of financial position and are depreciated over their expected useful lives on a straight-line basis. Income from operating leases (net of any incentives given to the lessee) is recognized on a straight-line basis over the lease term in “Net revenue from subscription services and equipment rental” in the consolidated statement of profit or loss. 2.4. Prepaid expenses Prepaid expenses are recognized as an asset in the statement of financial position. These expenditures include, but are not limited to, prepaid software licenses, certain consulting services, insurance premiums and prepaid marketing expenses. The amount recognized as asset in the statement of financial position is charged to the statement of profit or loss once the prepaid services are consumed by the Group. As of December 31, 2022, the balance is mainly represented by prepaid media to the Globo group of R$163,065 (R$294,953 as of December 31, 2021). Under the terms of the agreement the amount is available to place media until 2025. 2.5. Current and non-current classification The Group presents assets and liabilities in the statement of financial position based on a current / non-current classification. An asset is current when it is: •expected to be realized or intended to be sold or consumed in the normal operating cycle; •held primarily for the purpose of trading; •expected to be realized within twelve months after the reporting period; or •cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. All other assets are classified as non-current. A liability is current when it is: •expected to be settled in the normal operating cycle; •held primarily for the purpose of trading; •due to be settled within twelve months after the reporting period; or •there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non-current. Deferred tax assets and liabilities are classified as non-current assets and liabilities. 2.6. IAS 29 Financial Reporting in Hyperinflationary Economies Considering that the inflation accumulated in the past three years in Argentina was higher than 100%, the adoption of the IAS 29 Financial Reporting in Hyperinflationary Economies is mandatory for the subsidiary Napse S.R.L., located in Argentina. Pursuant to IAS 29, non-monetary assets and liabilities, shareholders’ equity and amounts in the statement of profit or loss of entities that operate in hyperinflationary economies are adjusted by the change in the general purchasing power of the currency, applying a general price index. The financial statements of an entity whose functional currency is the currency of a hyperinflationary economy, whether they are based on the historical or current cost approach, should be expressed in terms of the current measurement unit at the balance sheet date. 2.7. New standards and amendments to standards and interpretations adopted The following amendments and interpretations were applied for the first time in 2022: •Onerous contracts – costs of fulfilling a contract – amendments to IAS 37: The amendments apply a “directly related cost approach”. The costs that relate directly to a contract to provide goods or services include both incremental costs and an allocation of costs directly related to contract activities. •IFRS 9 – Financial instruments – fees in the ‘10 per cent’ test for derecognition of financial liabilities: The amendment clarifies the fees that an entity includes when assessing ‘10 per cent’ test and whether the terms of a new or modified financial liability are substantially different from the terms of the original financial liability. •Reference to the conceptual framework – amendments to IFRS 3: The amendments are intended to replace a reference to the Framework for the Preparation and Presentation of Financial Statements, issued in 1989, with a reference to the Conceptual Framework for Financial Reporting issued in March 2018. •Proceeds before intended use – amendments to IAS 16: The amendment prohibits entities from deducting from the cost of an item of property, plant and equipment, any proceeds of the sale of items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity recognizes the proceeds from selling such items, and the costs of producing those items, in profit or loss. •IAS 41 - Taxation in fair value measurements: The amendment removes the requirement in paragraph 22 of IAS 41 that entities exclude cash flows for taxation when measuring the fair value of assets within the scope of IAS 41. •First-time adoption of international financial reporting standards: The amendment to IFRS 1 simplifies the application of IFRS 1 by a subsidiary that becomes a first-time adopter after its parent in relation to the measurement of cumulative translation differences. These amendments mentioned above had no relevant impact on the consolidated financial statements of the Group. 2.8. New standards and amendments to standards and interpretations not yet adopted The new and amended standards and interpretations that are issued, but not yet effective, up to the date of issuance of the Group’s financial statements are presented below. The Group intends to adopt these new and amended standards and interpretations, if applicable, when they become effective. 2.8.1. Amendments to IAS 1: classification of liabilities as current or non-current In January 2020, the IASB issued amendments to paragraphs 69 to 76 of IAS 1 to specify the requirements for classifying liabilities as current or non-current. The amendments clarify: •What is meant by a right to defer settlement; •That a right to defer must exist at the end of the reporting period; •That classification is unaffected by the likelihood that an entity will exercise its deferral right; •That only if an embedded derivative in a convertible liability is itself an equity instrument would the terms of a liability not impact its classification. The amendments are effective for annual reporting periods beginning on or after January 1, 2023 and must be applied retrospectively. The Group reviewed the amendment and does not expect to have any impact on the Group’s consolidated financial statements on this apply. 2.8.2. Amendment to IAS 12 – deferred tax related to assets and liabilities arising from a single transaction These amendments require companies to recognize deferred tax on transactions that, on initial recognition give rise to equal amounts of taxable and deductible temporary differences. In May 2021, the Board issued amendments to IAS 12, which narrow the scope of the initial recognition exception under IAS 12, so that it no longer applies to transactions that give rise to equal taxable and deductible temporary differences. The amendments are effective for annual reporting periods beginning on or after January 1, 2023. The Group will apply the amendments for applicable transactions, on or after the beginning of the annual reporting period in which the entity first applies the amendment. The Group does not expect to have any impact on its consolidated financial statements by applying these amendments. 2.8.3. IFRS 17 – insurance contracts This standard replaces IFRS 4, which currently permits a wide variety of practices in accounting for insurance contracts. IFRS 17 will fundamentally change the accounting by all entities that issue insurance contracts and investment contracts with discretionary participation features. The amendments are effective for annual reporting periods beginning on or after January 1, 2023. The Group is assessing the impact that the amendments will have on current practice and does not expect to have any impact on the Group’s consolidated financial statements on this apply. 2.8.4. Narrow scope amendments to IAS 1, practice statement 2 and IAS 8 In February 2021, the Board issued amendments to IAS 1, IFRS Practice Statement 2 Making Materiality Judgements (the PS) and to IAS 8. The amendments aim to improve accounting policy disclosures and to help users of the financial statements to distinguish between changes in accounting estimates and changes in accounting policies. The amendments are effective for annual reporting periods beginning on or after January 1, 2023. The Group had assessed the amendment and does not expect to have any impact on the Group’s consolidated financial statements on this apply. 2.8.5. Lease Liability in a Sale and Leaseback Amendments to IFRS 16 In September 2022, the Board issued the amendment to IFRS 16. The amendment clarifies the subsequent measurement of lease liability related to a sale and leaseback transaction, principally for those lease contracts that payments are variable and do not depend on an index or rate. The amendments are effective for annual reporting periods beginning on or after January 1, 2024. The Group does not expect to have any impact on the Group’s consolidated financial statements on this apply.
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Significant judgments, estimates and assumptions |
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| Disclosure of accounting judgments and estimates [Abstract] | |
| Significant judgments, estimates and assumptions | Significant judgments, estimates and assumptions The preparation of the financial statements of the Company and its subsidiaries requires management to make judgments and estimates and to adopt assumptions that affect the amounts presented referring to revenues, expenses, assets and liabilities at the financial statement date. Actual results may differ from these estimates. The judgements, estimates and assumptions are frequently revised, and any effects are recognized in the revision period and in any future affected periods. The objective of these revisions is to mitigate the risk of material differences between estimated and actual results in the future. Significant assumptions about sources of uncertainty in future estimates and other significant sources at the reporting date are described as follows. Significant assumptions about sources of uncertainty in future estimates and other significant sources at the reporting date are presented in each of the notes along the financial statements. General assumptions about sources of uncertainty in future estimates and other significant sources at the reporting date, not related to subjects treated in specific notes, are presented as follows. 3.1. Incremental borrowing rate estimate on leases The Group cannot readily determine the interest rate implicit in the lease, therefore, it uses its incremental borrowing rate (“IBR”) to measure lease liabilities. The IBR is the rate of interest that the Group would have to pay to obtain a borrowing over a similar term, and with a similar security, for acquire an asset of a similar value to the right-of-use asset in a similar economic environment. The IBR therefore reflects what the Group ‘would have to pay’, which requires estimation when no observable rates are available (such as for subsidiaries that do not enter into financing transactions) or when they need to be adjusted to reflect the terms and conditions of the lease (for example, when leases are not in the subsidiary’s functional currency). The Group estimates the IBR using observable inputs (such as market interest rates) when available and is required to make certain entity-specific estimates (such as the subsidiary’s stand-alone credit rating).
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| Summary of financial statements of subsidiaries and structured entities | Group information 4.1. Subsidiaries 4.1.1. Accounting policy 4.1.1.1. Basis of consolidation The consolidated financial statements comprise the financial statements of the Company and its subsidiaries. Control is achieved when the Group: •has power over the investee (i.e., existing rights that give it the current ability to direct the relevant activities of the investee); •is exposed, or has rights, to variable returns from its involvement with the investee; and •has the ability to use its power to affect its returns. Generally, there is a presumption that a majority of voting rights results in control. To support this presumption and when the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including: •the contractual arrangement(s) with the other vote holders of the investee; •rights arising from other contractual arrangements; and •the Group’s voting rights and potential voting rights. The Group re-assesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group obtains control until the date the Group ceases to control the subsidiary. Profit or loss and each component of other comprehensive income (“OCI”) are attributed to the equity holders of the parent of the Group and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Group’s accounting policies. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation. A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction, in the reserve for “Transactions among shareholders”. 4.1.1.2. Consolidation of structured entities Usually, the control of an investee is determined by voting or similar rights of the investor. In some cases, voting or similar rights of the investor on the investee is not the decisive factor to characterize the control. An entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity is denominated as a structured entity. Frequently, the relevant activities of structured entities are directed by means of contractual arrangements. In such cases, an investor’s consideration of the purpose and design of the investee shall also include consideration of the risks to which the investee was designed to be exposed, the risks it was designed to pass on to the parties involved with the investee and whether the investor is exposed to some or all of those risks. Based on the contractual terms, the Group identified that some investments meet the definition of a structured entity under IFRS 12 – Disclosure of Interests in Other Entities. The Group considers the FIDC AR III, FIDC TAPSO, FIDC TAPSO II, FIDC SOMA, FIDC SOMA III, FIC FIM STONECO and Fundo Retail to be structured entities that are controlled by the Group. The participation of the Group in each of them is stated as follows:
The bylaws of these structured entities were established by us at their inception, and grant us significant decision-making authority over these entities. As sole holders of the subordinated quotas, the Group is entitled to the full residual value of the entities, if any, and thus the Group has the rights to their variable returns. During 2021, the structured entities FIDC SOMA IV and Santander Moving Tech RF Referenciado DI CP FI were closed. In accordance with IFRS 10, the Group concluded it controls FIDC AR III, FIDC TAPSO, FIDC TAPSO II, FIDC SOMA, FIDC SOMA III, FIC FIM STONECO and Retail Renda Fixa, therefore, they are consolidated in the Group’s financial statements. For the FIDCs senior and mezzanine quotas held by third parties, when applicable, are accounted for as a financial liability under “Obligations to FIDC quota holders” and the remuneration paid to senior and mezzanine quota holders is recorded as interest expense. See Note 6.7 for further details. 4.1.2. Subsidiaries of the Group The consolidated financial statements of the Group include the following subsidiaries and structured entities:
(a)PDCA was merged into Pagar.me on October 18, 2022. (b)MVarandas was merged into Linx Sistemas on April 1, 2022. (c)STNE Par acquired the remaining shares of Sponte on September 20, 2022. (d)Plugg.to was merged into Linx Sistemas on November 2, 2022. (e)Mercadapp was merged into Linx Sistemas on January 1, 2022. (f)STNE Par has a 50% equity in Questor and, on August 31, 2022, Questor acquired a 75.60% equity interest in Hubcount Tecnologia S.A. ("Hubcount"). (g)On October 18, 2022, the Group lost control of its subsidiary StoneCo CI and Creditinfo after a capital contribution by a new investor. The remaining interest of 47.75% held by the Group on Creditinfo is classified as an investment in an associate according to IAS 28. As result of the loss of control, in accordance with IFRS 10, the Group derecognized the assets and liabilities of Creditinfo. Additionally, the Group measured the remaining interest in Creditinfo at fair value, which resulted in a loss of R$8,584 recorded in the statement of profit or loss attributable to the Group as Other income (expenses), net. (h)Collact was merged into Stone Pagamentos on January 1, 2022. (i)On October 26, 2022, the Group created a new company, with the objective of holding equity interests in institutions authorized to operate by the Central Bank of Brazil (“BACEN”). The Group holds call options to acquire additional interests in some of its subsidiaries (see details in Notes 6.1.5 and 6.8) and issued put options to non-controlling investors (see details in Note 6.12 (k)). 4.2. Associates 4.2.1. Accounting policy An associate is an entity over which the Group has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee, but does not have control, or joint control over those policies. The considerations made in determining significant influence are similar to those necessary to determine control over subsidiaries. The Group’s investments in associates are accounted for using the equity method. Under the equity method, the investment in an associate is initially recognized at cost. The carrying amount of the investment is adjusted to recognize changes in the Group’s share of net assets of the associate since the acquisition date. Goodwill relating to the associate is included in the carrying amount of the investment and is not tested for impairment separately. The statement of profit or loss reflects the Group’s share of the results of operations of the associate. Any change in OCI of those investees is presented as part of the Group’s OCI. In addition, when there has been a change recognized directly in the equity of the associate, the Group recognizes its share of any changes, when applicable, in the statement of changes in equity. Unrealized gains and losses resulting from transactions between the Group and associates are eliminated to the extent of the interest in the associate. The aggregate of the Group’s share of profit or loss of an associate is shown on the face of the statement of profit or loss outside operating profit and represents profit or loss after tax and non-controlling interests in the subsidiaries of the associate. The financial statements of the associate are prepared for the same reporting period as the Group. When necessary, adjustments are made to bring the accounting policies in line with those of the Group. After application of the equity method, the Group determines whether it is necessary to recognize an impairment loss on its investment in its associate. At each reporting date, the Group determines whether there is objective evidence that the investment in the associate is impaired. If there is such evidence, the Group calculates the amount of impairment as the difference between the recoverable amount of the associate and it carrying value, and then recognizes the loss within share of profit of an associate in the statement of profit or loss. In case of loss of significant influence over the associate, the Group measures and recognizes any retained investment at its fair value. Any difference between the carrying amount of the associate upon loss of significant influence and the fair value of the retained investment and proceeds from disposal is recognized in profit or loss. None of the investments in associates presented significant restrictions on transferring resources in the form of cash dividends or repayment of obligations, during the periods reported. 4.2.2. Associates held by the Group
(a)On July 2, 2021, our subsidiary Linx Sistemas signed an agreement to acquire an equity interest of 40% of the shares of Neostore Desenvolvimento de Programas de Computador SA (“Neomode”), through the execution of an Investment Agreement with the shareholders of Neomode. The acquisition was conditioned to Brazilian Antitrust Authority (“CADE”) approval, which occurred on November 19, 2021. The Group concluded the acquisition on January 7, 2022, through a capital increase of R$6,083 and loans conversion of R$875, totalizing a transferred consideration of R$6,958. (b)On May 2, 2022, the Group acquired a 20% equity interest in RH Software, a private company based in the State of São Paulo, Brazil, for R$2,320 through a loan agreement conversion. RH Software develops software directed to dental clinics, with which the Company expects to obtain synergies in its services to clients. The Group also holds a call option to acquire an additional equity interest in the period from 2 to 3 years counted from the date of closing of the agreement, which will allow the Group to acquire an additional 30% equity interest in RH Software.
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| Cash and cash equivalents | Cash and cash equivalents 5.1. Accounting policy Cash and cash equivalents in the statement of financial position comprise cash at banks and short-term deposits with a maturity of three months or less from the date of acquisition, which are subject to an insignificant risk of changes in value, and readily convertible into cash. 5.2. Currency denomination
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Recoverable taxes |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Recoverable Taxes [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Recoverable taxes | Recoverable taxes
(a)Refers to income taxes withheld on financial income which will be offset against future income tax payable. (b)Refers to credits taken on contributions on gross revenue for social integration program (PIS) and social security (COFINS) to be offset in the following period against tax payables.
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Income taxes |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Disclosure of temporary difference, unused tax losses and unused tax credits [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income taxes | Income taxes 8.1. Accounting policy 8.1.1. Current income and social contribution taxes Current tax assets and liabilities are measured at the amount expected to be recovered or paid to the tax authorities. The tax rules used to determine tax assets and liabilities are those that are in force on the balance sheet date in the countries where the Group operates and generates taxable income. StoneCo Ltd. is domiciled in Cayman and there is no income tax in that jurisdiction. The income earned by StoneCo Ltd. from its operations abroad can be subject to income tax at the main rate of 15%. The combined rate applied to all entities in Brazil is 34%, comprising the Corporate Income Tax (“IRPJ”) and the Social Contribution on Net Income (“CSLL”) on the taxable income of each Brazilian legal entity (not on a consolidated basis). The Group's Brazilian entities recognize IRPJ and CSLL on an accrual basis. According to Brazilian tax rules, our companies may offset the historical nominal amount of tax losses determined in prior years against results of subsequent years at any time (i.e., with no limitations with respect to time periods), provided that such offsetting does not exceed 30% of the annual taxable income of the fiscal period in which tax losses are utilized. Payments are made monthly, in anticipation of the amount which will be due by the year-end. 8.1.2. Deferred income and social contribution taxes Deferred tax assets or liabilities are obtained based on the differences between the tax bases of assets and liabilities and the amounts reported in the Consolidated statement of financial position at each period. Deferred tax assets may also be recognized over unused tax losses. Deferred tax assets are recognized only to the extent that it is probable that the Group's Brazilian entities will generate future taxable profits that will allow for their recovery. The expected realization of deferred tax assets is based on technical studies prepared by the Company that demonstrate expectation of future taxable profits according to management projections. The income tax and social contribution expense is recognized in the Consolidated statement of profit or loss under Income tax and social contribution, except when it refers to items recognized in other comprehensive income, in which case the related deferred tax assets or liabilities are also recognized against other comprehensive income. In this case, the Group presents these items in the Consolidated Statement of Other Comprehensive Income net of related tax effect. Management periodically evaluates positions taken in tax returns with respect to situations where applicable tax regulations are subject to interpretation and recognizes provisions, when appropriate. Deferred tax assets and liabilities are presented net in the Consolidated statement of financial position when there is a legally enforceable right and the intention to offset them upon the calculation of current taxes, generally when related to the same legal entity and the same jurisdiction. Accordingly, deferred tax assets and liabilities in different entities or in different countries are generally presented separately, and not on a net basis. 8.2. Significant judgments, estimates and assumptions Deferred tax assets are recognized for all unused tax losses to the extent that sufficient taxable profit will likely be available to allow the use of such losses. A significant judgment from management is required to determine the amount of deferred tax assets that can be recognized, based on the likely timing and level of future taxable profits, together with future tax planning strategies. 8.3. Reconciliation of income tax expense The following is a reconciliation of income tax expense to profit (loss) for the year, calculated by applying the combined Brazilian statutory rates at 34% for the years ended December 31, 2022, 2021 and 2020:
8.4. Deferred income taxes by nature
8.5. Unrecognized deferred taxes The Group has accumulated tax loss carryforwards and other temporary differences in some subsidiaries in the amount of R$ 144,529 (December 31, 2021 – R$ 104,920) for which a deferred tax asset was not recognized and are available indefinitely for offsetting against future taxable profits of the companies in which the losses arose. Deferred tax assets have not been recognized with respect of these losses as they cannot be used to offset taxable profits between subsidiaries of the Group, and there is no other evidence of recoverability in the near future.
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Property and equipment |
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| Property, plant and equipment [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property and equipment | Property and equipment 9.1. Accounting policy All property and equipment are stated at historical cost less accumulated depreciation and impairment losses, if any (see note 9.3 for more details). Historical cost includes expenditures that are directly attributable to the acquisition of the items and, if applicable, net of tax credits. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item is material and can be measured reliably. All other repairs and maintenance expenditures are charged to profit or loss during the period in which they are incurred. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Assets’ residual values, useful lives and methods of depreciation are reviewed at each reporting date and adjusted prospectively, if appropriate. Gains and losses on disposals or derecognition are determined by comparing the disposal proceeds (if any) with the carrying amount and are recognized in profit or loss. The Group also derecognizes under ¨Disposal of property and equipment¨ Pin Pads & POS held by customers that are not being used in the last 180 or 360 days, depending on the category of customer. 9.2. Significant judgments, estimates and assumptions Property and equipment and intangible assets include the preparation of estimates to determine the useful life for depreciation and amortization purposes. Useful life determination requires estimates in relation to the expected technological advances and alternative uses of assets. There is a significant element of judgment involved in making technological development assumptions, since the timing and nature of future technological advances are difficult to predict. The Group evaluate the useful life of Property and equipment and Intangible assets and concluded that no change on the estimates of useful life and residual value of this assets was necessary for the year ended December 31, 2022. The estimated useful lives for the Property and equipment are as follows:
9.3. Changes in Property and equipment
(a)Includes Pin Pad & POS derecognized for not being used by customers after a period of time.
9.4. Depreciation and amortization charges Depreciation and amortization expense has been charged in the following line items of the consolidated statement of profit or loss:
9.5. Impairment test As of December 31, 2022, 2021 and 2020, there were no indicators of impairment of property and equipment. Property and equipment were tested for impairment at the CGU level in connection with intangible assets and investments in associates, as described in Note 10.4.
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Intangible assets |
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| Intangible Assets [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible assets | Intangible assets 10.1. Accounting policy 10.1.1. Initial recognition Certain direct development costs associated with internally developed software and software enhancements of the Group’s technology platform are capitalized. Capitalized costs, which occur post determination by management of technical feasibility, include external services and internal payroll costs. These costs are recorded as intangible assets along the development phase. Research and pre-feasibility development costs, as well as maintenance and training costs, are charged to profit or loss when incurred. Separately acquired intangible assets are measured at cost on initial recognition. The cost of intangible assets acquired in a business combination corresponds to their fair value at the acquisition date. 10.1.2. Subsequent recognition The useful lives of intangible assets are assessed as finite or indefinite. As of December 31, 2022 the Group holds only trademarks and patents and goodwill as indefinite life intangible assets. Intangible assets with finite useful lives are amortized over their estimated useful lives on a straight-line basis. Intangible assets with indefinite lives are not amortized. In both cases the intangible asset is tested for impairment whenever there is an indication that their carrying amount may not be recovered. For intangible assets with indefinite live, the impairment test is annually mandatory. The carrying amount of an intangible asset is composed by their cost net of accumulated amortization and any impairment losses recognized. The useful life and the method of amortization for intangible assets with finite lives are reviewed at least at the end of each fiscal year or when a change in the use pattern of the asset is identified. Changes in estimated useful lives or expected consumption of future economic benefits embodied in the assets are considered to modify the amortization period or method, as appropriate, and treated as changes in accounting estimates, with prospective effects. The amortization of intangible assets with definite lives is recognized in profit or loss in the expense category consistent with the use of intangible assets. Gains and losses resulting from the disposal or derecognition of intangible assets are measured as the difference between the net disposal proceeds (if any) and their carrying amount and are recognized in profit or loss. 10.1.3. Impairment test The Group performs the impairment test of the assets in the scope of IAS 36 when (i) it observes an indication that an asset may be impaired or (ii) annually, whenever the entity has non-ready-to-use assets or goodwill. Assets of the Group subject to IAS 36 are intangible assets (including goodwill), property and equipment and investments in associates. Assets are tested individually, whenever possible, or allocated to Cash Generating Units (“CGUs”) or groups of CGUs. For the purpose of goodwill impairment testing, goodwill is allocated to the CGU or groups of CGUs, that are expected to benefit from the synergies of the business combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those CGU or groups of CGUs. The impairment test consists in the comparison between (i) the carrying amount of the asset, CGU, or group of CGUs and (ii) its recoverable amount. The recoverable amount of an asset, CGU or groups of CGUs is the higher of (i) their fair value less costs of disposal and (ii) their value in use. If the carrying amount exceeds the recoverable amount an impairment loss is recognized. In determining fair value less costs of disposal, recent market transactions are considered. If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples, quoted share prices for publicly traded companies or other available fair value indicators. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Impairment losses of continuing operations are recognized in the statement of profit or loss in expense categories consistent with the function of the impaired asset. Impairment losses can be reversed in future periods, except impairment losses of goodwill. See Note 10.4 for details in the model and key assumptions adopted in the annual goodwill impairment test. 10.2. Significant judgments, estimates and assumptions 10.2.1. Estimated useful lives The useful lives for the intangible assets are presented below:
The Group reviewed the useful lives of its intangible assets in 2022. In June 2022, the Group verified a change in the consumption pattern of certain Software internally generated, adjusting the useful lives of those assets from 3 years to 4 or 10 years, depending on the technology characteristics. The effect of the mentioned change was treated as a change in an estimate in accordance with IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors as required by IAS 38 – Intangible Assets and therefore should be applied prospectively. The change resulted in a decrease of R$28,783 in the amortization expense in the consolidated statement of profit or loss for the period ended December 31, 2022. 10.2.2. Value in use calculation in the impairment test The value in use calculation is based on a discounted cash flow (“DCF”) model. The cash flows are derived from the budget for the next five years and do not include restructuring activities that the Group is not yet committed to or significant future investments that will enhance the performance of the assets of the CGU being tested. The recoverable amount is sensitive to the discount rate used for the DCF model as well as the expected future cash-inflows and the growth rate used for extrapolation purposes. These estimates are the most relevant for the impairment test of goodwill recognized by the Group. 10.3. Changes in Intangible assets
(a) As of December 31, 2022, the amount of R$ 214,728 refers to indefinite useful-life Trademarks and patents.
(a) As of December 31, 2021, the amount of R$ 202,140 refers to indefinite useful-life Trademarks and patents. 10.4. Impairment test As of December 31, 2022, and 2021, there were no indicators of impairment of finite-life intangible assets. The Group performs its annual mandatory impairment test by testing the impairment of the CGUs (or groups of CGUs) that contain goodwill and / or indefinite useful-life intangible assets. In 2021, the group had six different CGUs, considering relevant factors such as the Group’s management structure and the acquisition of Linx. During 2022, the Group began to be managed and monitored considering two segments, namely Financial Services and Software. From this scenario, the identification of CGUs was reviewed by the Group considering the synergy of the software companies and if the cash flows of one CGU are largely independent of other CGUs. In face of that, on November 30, 2022, the Group defined five different CGUs, as follows:
(a) Despite being separate CGU’s, TAG and Cappta have no goodwill or and / or indefinite useful-life intangible assets. (b) The amount of goodwill reflects the final purchase-price allocation of Reclame Aqui, concluded in December 31,2022. The Group performed its annual impairment test as of November 30, 2022 and as of December 31, 2021 which did not result in the need to recognize impairment losses on the carrying amount of any of the CGUs. As from 2022 we changed the date of the mandatory annual impairment test for goodwill and indefinite useful-life intangible assets from December 31 to November 30 in order to better align the date with the timing of our financial budgeting and forecasting cycle and to allow more time to perform the test from the date of the test to the date of approval of our financial statements. In future years, we may further anticipate the timing of our financial budgeting and forecasting cycle which may impact the timing of the mandatory annual impairment test, however no earlier than September 30. The recoverable amount of the Group’s CGUs as of November 30, 2022 and as of December 31, 2021 has been determined based on a value in use calculation using cash flow projections from financial budgets approved by senior management, covering a period of 5 years in 2022, and from 5 to 10 years in 2021, depending on the characteristics of each CGU. The key assumptions considered in value in use calculation are as follows: •Average free cash flow to equity for the five years forecasted period. •Average annual growth rate over the five years forecast period, based on past performance and management’s expectations of market development and on current industry trends and including long-term inflation forecasts. •Considered a pre-tax discount rate applied to discount future cash flows of between 12.2% and 14.4% (2021 – between 10.5% and 18%), based on long-term interest rate, country risk premium, industry adjusted beta and other variables. •Considered a perpetuity growth rate of 6.0% (2021 – between 4.3% and 6.5%), based on long-term local inflation and real growth. The Group carried out a sensitivity analysis of the impairment test considering four independent scenarios of key assumptions deterioration, as follows: (i) an increase of 100 basis points in the pre-tax discount rate; (ii) a decrease of 50 basis points in the perpetuity rate applied after the last year of projected free cash flow; (iii) a decrease of 1000 basis points in the average annual growth of the free cash flow over the five-year forecasted period; and (iv) a decrease of 10% in the value of the expected synergies between the CGU 1 – Financial services and the CGU 3 – Software. The sensitivity analysis would not result in an impairment loss on the CGUs carrying amounts, except for the CGU 3 – Software in the scenarios described as follows. The recoverable amount of the CGU 3 – Software exceeds it carrying amount by R$481,202. The Group would recognize an impairment loss of R$693,776 on goodwill allocated to this CGU if the pre-tax discount rate increased from 12.2% to 13.2%. A pre-tax discount rate up to 12.5% would not result in an impairment loss. The Group would recognize an impairment loss of R$28,071 on this CGU with a reduction of the perpetuity rate from 6.0% to 5.5%. A perpetuity rate up to 5.53% would not result in an impairment loss. The Group would recognize an impairment loss of R$84,776 on this CGU if the average annual growth of the free cash flow is reduced by 1000 basis points. A decrease up to 850 basis points in the average annual growth of the free cash flow would not result in an impairment loss.
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Taxes payable |
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| Taxes payable | Taxes payable
(a)Some revenues in investment funds only pay income tax when redemption occurs. Under this condition, on December 31, 2022 there are R$208,939 (R$95,511 on December 31, 2021) recorded as income tax on the accrual basis. The expense for current income tax is recognized in the statement of profit or loss under "Income tax and social contribution" against tax payable. For some entities in the Group, advances for the payment of income tax expense are recognized during the tax year and are recognized as an asset under Recoverable taxes (Note 7). (b)PIS and COFINS are measured based on the revenues of the Brazilian entities of the Group. This tax expense is recognized as a deduction to gross revenue. (c)ISS is recognized as a deductions to gross revenue against tax liabilities, as the Group acts as agent collecting these taxes on behalf of municipal governments. (d)Amount relative to PIS, COFINS, IRPJ and CSLL, withheld from suppliers and paid by the Group on their behalf. These amounts are recognized as a tax liability, with no impact to the statement of profit or loss.
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Transactions with related parties |
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| Disclosure of transactions between related parties [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transactions with related parties | Transactions with related parties Related parties comprise the Group’s parent companies, key management personnel and any businesses which are controlled, directly or indirectly by the controlling investors, officers and directors or over which they exercise significant management influence. Related party transactions are entered in the normal course of business at prices and terms approved by the Group’s management. The following transactions were carried out with related parties:
(a)Related to services provided to Trinks. (b)Related to consulting and management services with Genova Consultoria e Participações Ltda., Travel services reimbursed to Zurich Consultoria e Participações Ltda and VCK Investment Fund. (c)Related mainly to expenses paid to Trinks Serviços de Internet, RH Software and APP Sistemas for consulting services, marketing expenses and sales commissions and software license to new customers acquisition. Services provided to related parties include legal and administrative services provided under normal trade terms and reimbursement of other expenses incurred in their respect. As of December 31, 2022, some officers and directors were subscribed to the Group’s banking solution. The total amount recognized in Deposits from banking customers is R$ 86 (December 31, 2021 – R$ 36). 12.1. Year-end balances The following balances are outstanding at the end of the reporting period in relation to transactions with related parties:
As of December 31, 2022, there is no allowance for expected credit losses on related parties’ receivables. No guarantees were provided or received in relation to any accounts receivable or payable involving related parties. The Group has outstanding loans with certain management personnel. The loans are payable in three years to seven years from the date of issuance and accrue interest according to the National Consumer Price Index, the Brazilian Inter-Bank Rate or Libor plus an additional spread. 12.2. Key management personnel compensation Management includes executive officers and members of board of directors of the Group and compensation consists of fixed compensation, profit sharing and benefits plus any correlating social or labor charges and or provisions for such charges. Compensation expenses are recognized in profit or loss of the Group. For the years ended December 31, 2022 and 2021, compensation expense was as follows:
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Provision for contingencies |
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| Provisions [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for contingencies | Provision for contingencies 13.1 Accounting policy Some entities of the StoneCo Group are party to labor, civil and tax litigation in progress, which are being addressed at the administrative and judicial levels. Provisions for legal claims (labor, civil and tax) are recognized when (i) there is a present obligation (legal or constructive) as a result of a past event; (ii) it is probable that an outflow of resources will be required to settle such obligation; and (iii) a reliable estimate can be made of the amount of the obligation. If there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognized even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. Provisions are measured by the best estimate of the expenditure required to settle the present obligation at the end of the reporting period. Provisions are recognized at the present value using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation whenever the effect of the time value of money is material. The increase in the provision due to the passage of time is recognized as Financial expenses, net. Where the Group expects some or all of a provision to be reimbursed, for example, under an insurance contract, the reimbursement is recognized as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is presented in the statement of profit or loss net of any reimbursement, if applicable. 13.2 Significant judgments, estimates and assumptions Provisions for the judicial and administrative proceedings are recorded when the risk of loss is considered probable and the amounts can be reliably measured, based on the best available information. This evaluation is done based on (i) the nature, complexity, and history of the lawsuits, and (ii) the opinion of legal counsel internal and external. Provisions are made when the risk of loss is assessed as probable and the amounts involved can be measured with sufficient accuracy. They are fully or partially reversed when the obligations cease to exist or are reduced. Given the uncertainties arising from the lawsuits, it is not practicable to determine the timing of any cash outflow. 13.3. Probable losses, provided for in the statement of financial position The provisions for probable losses arising from these matters are estimated and periodically adjusted by management, supported by the opinion of its external legal advisors. The amount, nature and the movement of the liabilities is summarized as follows:
(a) Under business combination rules, the Group recognized a provision for tax treatments adopted when calculating income tax and social contribution on net income. The provision recorded as of December 31, 2022 regarding tax matters on business acquired from Linx Sistemas represents R$92,206 (R$82,012 on December 31, 2021). 13.4. Possible losses, not provided for in the statement of financial position The Group has the following civil, labor and tax litigation involving risks of loss assessed by management as possible, based on the evaluation of the legal advisors, for which no provision was recognized:
The nature of the civil is summarized as follows: •Some entities of the Group are party to several civil lawsuits whose objects are connected with its ordinary operation. The lawsuits are related to (i) a potential underhand use of the payment accounts (possible wire fraud) in the amount of R$74,474 as of December 31, 2022 (R$12,151 as of December 31, 2021), (ii) risk analysis and retention of receivables, of R$29,619 as of December 31, 2022 (R$13,696 as of December 31, 2021), (iii) collection of commercial partners, responsible for part of the capture and indication of commercial establishments, of R$10,461 as of December 31, 2022 (R$9,728 as of December 31, 2021), (iv) clients discussing the existence of disputed transactions through credit card (Chargebacks), of R$5,344 as of December 31, 2022 (R$3,527 as of December 31, 2021) and (v) subacquirers and/or its affiliated establishments discussing possible payment divergence, of R$7,839 as of December 31, 2022 (R$13,972 as of December 31, 2021). The nature of the labor litigations is summarized as follows: •In the Labor Courts, the Group is frequently sued in two cases: (i) labor claims by former employees and (ii) labor claims by former employees of outsourced companies, contracted by Stone. In these respective claims, the nature is mostly related to the placement of the claimant in a different trade union and payment of overtime. The value of these lawsuits is claimed by the former employees at the beginning of the proceeding. When the lawsuit starts, the amounts of possible contingencies usually correspond to the total amount requested by the claimants. Within further developments, this amount is re-evaluated and the risk amount reported may change, especially according to Court decisions. The nature of the tax litigations is summarized as follows: •Action for annulment of tax debits regarding the tax assessment issued by the state tax authorities on the understanding that the Company would have carried out lease of equipment and data center spaces from January 2014 to December 2015, on the grounds that the operations would have the nature of services of telecommunications and therefore would be subject to ICMS tax at the rate of 25% and a fine equivalent to 50% of the update tax amount for failure to issue ancillary tax obligations. As of December 31, 2022, the updated amount recorded as a probable loss is R$ 24,715 (R$ 21,934 as of December 31, 2021), and the amount of R$ 28,130 (R$ 27,376 as of December 31, 2021) is considered as a possible loss (contingency arising from Linx´s acquisition). During the third quarter of 2022, we received a tax assessment issued by the municipal tax Authority relating to the allegedly insufficient payment of tax on services and the total amount of R$ 64,309 classified as possible loss (as of December 31, 2022, the updated amount recorded is R$ 93,605). The case is being challenged at the administrative level of the court. 13.5. Judicial deposits For certain contingencies, the Group has made judicial deposits, which are legal reserves the Group is required to make by the Brazilian courts as security for any damages or settlements the Group may be required to pay as a result of litigation. The amount of the judicial deposits as of December 31, 2022 is R$17,682 (2021 - R$14,887), which are included in Other assets in the non-current assets.
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Equity |
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| Equity [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity | Equity 14.1. Authorized capital The Company has an authorized share capital of USD 50 thousand, corresponding to 630,000,000 authorized shares with a par value of USD 0.000079365 each. Therefore, the Company is authorized to increase capital up to this limit, subject to approval of the Board of Directors. The liability of each member is limited to the amount from time to time unpaid on such member’s shares. 14.2. Subscribed and paid-in capital and capital reserve The Articles of Association provide that at any time when there are Class A common shares being issued, Class B common shares may only be issued pursuant to: (a) a share split, subdivision or similar transaction or as contemplated in the Articles of Association; or (b) a business combination involving the issuance of Class B common shares as full or partial consideration. A business combination, as defined in the Articles of Association, would include, amongst other things, a statutory amalgamation, merger, consolidation, arrangement or other reorganization. The additional paid-in capital refers to the difference between the purchase price that the shareholders pay for the shares and their par value. Under Cayman Law, the amount in this type of account may be applied by the Company to pay distributions or dividends to members, pay up unissued shares to be issued as fully paid, for redemptions and repurchases of own shares, for writing off preliminary expenses, recognized expenses, commissions or for other reasons. All distributions are subject to the Cayman Solvency Test which addresses the Company’s ability to pay debts as they fall due in the natural course of business. Below are the movements in the quantity of shares during 2022 and 2021:
(a)The Company delivered 226,691 RSUs, through the issuance of shares. Additionally, 115,660 Class A common shares were issued to our founder shareholders, as anti-dilutive shares. 14.3. Treasury shares Own equity instruments that are reacquired (treasury shares) are recognized at cost and deducted from equity. No gain or loss is recognized in profit or loss on the purchase, sale, issue or cancellation of the Group’s own equity instruments. Any difference between the carrying amount and the consideration, if reissued, is recognized in equity. On May 13, 2019, the Company announced the adoption of its share repurchase program in an aggregate amount of up to US$ 200 million (the “Repurchase Program”). The Repurchase Program went into effect in the second quarter of 2019 and does not have a fixed expiration date. The Repurchase Program may be executed in compliance with Rule 10b-18 under the Exchange Act. As of December 2022, the Company holds 233,772 (December 2021 - 3,599,848) class A common shares in treasury. The reduction in treasury shares mainly refers to: (a) the acquisition of Reclame Aqui, in which the company transferred, in February 2022, 1,977,391 class A common shares, previously held in treasury, to some of the selling shareholders, (b) to the sale of 974,718 class A common shares shortly after being contributed by the Company as capital increase in Reclame Aqui, (c) delivery of vested awards of 281,359 and (d) other movements of 132,608. 14.4. Incentive shares In 2017, certain key employees have been granted incentive shares, or the Co-Investment Shares, that entitle participants to receive at that time a cash bonus which they, at their option, may use to purchase a specified number of shares. Incentive Shares are subject to a 10 year lock-up period, after that the shares are free and clear for transfer. If a participant ceases employment for any reason before the end of the 10 years lock-up period, the Company have the right (but not the obligation) to acquire the shares for the price originally paid by the participant less an applicable discount, and paying in a monthly basis according with the time remaining to end of the Lock-up period, as presented below.
The Repurchase Right can be exercised at any time up to two years from the participant’s termination date. Once the lock-up period expires and if the participant terminates employment, the Company has an option to repurchase the shares at the then-current share price. Based on the repurchase discount schedule the largest payout is 85% of the award’s grant date fair value should a participant leave before the 10-year lock-up period expires. The vesting tranches are broken into three years separate tranches, which reflects the terms of the repurchase right and constitutes graded vesting features. The first tranche represents 75% of the grant date fair value, recognized in full on the grant date. That is, if an employee voluntarily terminates employment up to three years from the grant date and the Company exercises its repurchase feature, the participant will receive a cash payment equal to 75% of the grant date fair value. The second tranche represents 5% of the grant date fair value, recognized from grant date to the end of year 3. This represents the additional 5% potential repurchase payment if the employee satisfies 3 to 7 years of the lock-up period. The third tranche represents 5% of the grant date fair value, recognized from grant date to the end of year 7. This represents the additional 5% potential repurchase payment if the employee satisfies at least 7 years of the lock-up period but leaves prior to the expiration of the lock-up period. The incentives shares granted were classified and recognized as equity settled transaction. During 2022 and 2021, there were no repurchases of Class A common shares (During 2020, 7,595 Class A common shares were repurchased as a participant left the Company prior to lock-up expiration). In December 2022, the participants of the plan hold 5,321,769 Incentive Shares.
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Earnings (loss) per share |
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| Earnings (loss) per share | Earnings (loss) per share Basic earnings (loss) per share is calculated by dividing net income (loss) for the year attributed to the owners of the parent by the weighted average number of ordinary shares outstanding during the year. The numerator of the Earnings per Share (“EPS”) calculation is adjusted to allocate undistributed earnings as if all earnings for the period had been distributed. In determining the numerator of basic EPS, earnings attributable to the Group is allocated as follows:
As of December 31, 2022, the shares of a non-compete agreement signed with the Linx founders selling shareholders were adjusted to basic and diluted EPS calculation, shares that will be delivered in annual installments until 2026. As of December 31, 2022, the Group used Treasury shares in the acquisition of Reclame Aqui, which were adjusted to basic and diluted EPS calculation since the acquisition date. As of December 31, 2021, the shares issued in connection with the acquisition of non-controlling interest in PDCA were adjusted to basic and diluted EPS calculation since the acquisition date. As of December 31, 2020, the shares issued in connection with the acquisition of Vitta Group and the follow-on offering were adjusted to basic and diluted EPS calculation since the acquisition date. The following table contains the earnings per share of the Group for the years ended December 31, 2022, 2021 and 2020 (in thousands except share and per share amounts):
(a)Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding, considering potentially convertible instruments. However, due to the loss for the year ended December 31, 2022 and 2021, these instruments issued have a non-diluting effect, therefore, they were not considered in the total number of outstanding shares to determine the diluted loss per share.
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| Revenue [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total revenue and income | Revenue and income 16.1. Accounting policy 16.1.1. Revenue from contracts with clients Revenue is recognized when the Group has transferred control of the services to the clients, in an amount that reflects the consideration the Group expects to collect in exchange for those services. The Group has generally concluded that it is the principal in its revenue arrangements, because it typically controls the services before transferring them to the client. The Group applies the following five steps: •Identification of the contract with a client; •Identification of the performance obligations in the contract; •Determination of the transaction price; •Allocation of the transaction price to the performance obligations in the contract; •Recognition of revenue when or as the entity satisfies a performance obligation. Revenue is recognized net of taxes collected from clients, which are subsequently remitted to governmental authorities. The revenue from contracts with clients of the Company is presented as follows. 16.1.1.1. Transaction activities and other services The Group’s core performance obligations are to provide electronic payment processing services including the capture, transmission, processing and settlement of transactions carried out using credit, debit and voucher cards, as well as fees for other services. The Group’s promise to its clients is to perform an unknown or unspecified quantity of tasks and the consideration received is contingent upon the clients’ use (i.e., number of payment transactions processed, number of cards on file, etc.); as such, the total transaction price is variable. The Group allocates the variable fees charged to the day in which it has the contractual right to bill its clients, therefore revenue is recognized at a point in time. Revenue from transaction activities is recognized net of interchange fees retained by card issuers and assessment fees paid to payment scheme networks, which are pass-through charges collected on their behalf, as the Group does not bear the significant risks and rewards of the authorization, processing and settlement services provided by the payment scheme networks and card issuers. The Group is an agent in the authorization, processing and settlement of payment transactions as it does not bear the significant risks and rewards of those services as follows: •The Group facilitates the acquisition of payment information and management of the client relationship, it is not primarily responsible for the authorization, processing and settlement services performed by payment schemes networks and card issuers; •The Group has no latitude to establish the assessment and interchange fees, which are set by the payment scheme networks. The Group generally has the right to increase its client discount rate to protect its net commission when interchange and assessment fees are increased by payment schemes networks; •The Group does not collect the interchange fee that is retained by the card issuer and effectively acts as a clearing house in collecting and remitting assessment fees and payment settlements on behalf of payment scheme networks and clients; and •The Group does not bear credit risk of the cardholder (i.e., the client’s customer). It does bear credit risk from the card issuer for the payment settlement and assessment fees. Card issuers are qualified by the payment scheme networks and are generally high credit quality financial institutions. Receivables can be considered to be collateralized by the cardholder’s invoice settlement proceeds. As such, the Group’s exposure to credit risk is generally low. Other services mainly comprises: •Membership fee charged from customers of specific products for which there is not a recurring fee charged for the use of Pin Pads & POS. The revenue is recognized at agreement inception, which is the moment when all risks and benefits of the transaction are transferred to the customer and the Company obtains the contractual rights related to fee; •Fee charged from customers due to services related to banking money-in volumes (transfers received under TED, Pix and “boleto” products and interchange represented by fees of transactions from other networks processed on credit and debit card issued by Stone), and money-out volumes (transfers made under products as Pix Out, wire transfers, bill payments, boletos paid, withdrawals, recharge and others transactions). The revenue is recognized at each transactions date. 16.1.1.2. Subscription services and Equipment rental The Group provides (a) subscription services, such as reconciliation, business automatization solutions, services to provide the client with the right of use of software in a cloud-based infrastructure provided by the Company and its subsidiaries or by a third-party, or even based on the client’s own internal infrastructure, where the client has no right to end the contract and become the owner of the software or use in its IT infrastructure or a third-party’s infrastructure, and revenues related to technological support, help desk, equipment rental, software hosting service, payment for the use of tools and support teams located at the clients besides connectivity services, (b) non-recurring services, that involves implementation services, including personalization, training, software licenses and other services, (c) revenue from royalties of software licenses, and (d) operating leases of electronic capture equipment to clients. The Group’s subscription services generally consist of services sold as part of a new or existing agreement or sold as a separate service. The Group’s subscription services may or may not be considered distinct based on the nature of the services being provided. Subscription service fees are charged as a fixed monthly fee, and the related revenue is recognized over time as control is transferred to the client, either as the subscription services are performed or as the services from a combined performance obligation are transferred to the client (over the term of the related transaction and processing agreement). The Group’s non-recurring revenues are recognized in proportion to the stage of completion of the service, and revenue from royalties are recognized when (a) it is determined when all risks and rewards of the license are transferred upon the availability of the software and (b) the amount may be reliably measured, and it is likely that any expected future economic benefits will be generated on behalf of the Company and its subsidiaries. The Group accounts for equipment rental as a separate performance obligation and recognizes the revenue at its standalone selling price, considering that rental is charged as a fixed monthly fee. Revenue is recognized on a straight-line basis over the contractual lease term, beginning when the client obtains control of the equipment lease. The Group does not manufacture equipment, but purchases equipment from third-party vendors. 16.1.1.3. Contracts with multiple performance obligations The Group’s contracts with its clients can consist of multiple performance obligations and the Group accounts for individual performance obligations separately if they are distinct. When equipment or services are bundled in an agreement with a client, the components are separated using the relative stand-alone selling price of the components which is based on the Group’s customary pricing for each element in separate transactions or expected cost plus a margin. In limited situations, the relative stand-alone selling price for an element that cannot be assessed on one of the previous basis, revenue is first allocated to the element where relative stand-alone selling price has been established and the residual amount would be allocated to the element with no relative stand-alone selling price. 16.1.1.4. Costs to obtain and fulfill a contract The Group incurs in certain costs to obtain and fulfill a contract that are capitalized at the inception of the transaction. The cost comprises mainly commission to sellers in order to obtain a contract and logistic costs to fulfill a contract. The asset recognized is amortized on a straight-line basis over the expected life of merchants. As of December 31, 2022, the Group had a carrying amount of R$199,920 (2021 – R$215,663) recognized under Other assets and R$97,982 (2021 – R$101,008) as amortization recognized in the statement of profit or loss. 16.1.2. Financial income Comprised mainly of: •discount fees charged for the prepayment to clients of their installment receivables from us. The discount is measured by the difference between the original amount payable to the client, net of commissions and fees charged, and the prepaid amount. Revenue is recognized in full at the moment the amount is prepaid to the client; •floating interest rate revenues from banking solutions; •interest income on loans; and •fair value adjustment on loans to customers included in Trade accounts receivable and designated at FVPL until June 30, 2021. 16.1.3. Other financial income Comprises interest income and fair value gains (losses) of cash and cash equivalents and short-term investments. 16.1.4. Deferred revenue As a result of the Linx acquisition, the Group records deferred revenue related to hours contracted by clients for rendering of services. Revenue is recognized after provision of service. In case billed amounts exceed services rendered plus recognized revenue, the difference is stated in the balance sheet as deferred revenue and presented in the statement of financial position as deferred revenue under “Other liabilities”. Also, the Group records deferred revenue related to services paid by the clients but to be executed in the future from the conclusion of the contract with the client. The amount related to services paid by the client but to be executed in the future is recognized in the statement of financial position as deferred revenue under “Other liabilities”. The amount recognized as deferred revenue in the statement of financial position is recycled to the statement of profit or loss along the time in which the promised services are executed. 16.1.5. Sales taxes Revenues, expenses and assets are recognized net of sales tax, except: •When the sales taxes incurred on the purchase of goods or services are not recoverable from tax authorities, in which case the sales taxes are recognized as part of the cost of acquiring the asset or expense item, as applicable; •When the amounts receivable or payable are stated with the amount of sales taxes included. The net amount of sales taxes, recoverable or payable to the tax authority, is included as part of receivables or payables in the statement of financial position, and net of corresponding revenue or cost / expense, in the statement of profit or loss. Sales revenues in Brazil are subject to taxes and contributions, at the following statutory rates:
(a)PIS and COFINS are contributions levied by the Brazilian Federal government on gross revenues. These amounts are invoiced to and collected from the Group’s customers and recognized as deductions to gross revenue (Note 16.3) against tax liabilities, as we are acting as tax withholding agents on behalf of the tax authorities. PIS and COFINS paid on certain purchases may be claimed back as tax credits to offset PIS and COFINS payable. These amounts are recognized as Recoverable taxes (Note 7) and are offset on a monthly basis against Taxes payable (Note 11) and presented net, as the amounts are due to the same tax authority. (b)ISS is a tax levied by municipalities on revenues from the provision of services. ISS tax is added to amounts invoiced to the Group’s customers for the services the Group renders. These are recognized as deductions to gross revenue (Note 16.3 ) against tax liabilities, as the Group acts as agent collecting these taxes on behalf of municipal governments. The rates may vary from 2.00% to 5.00%. The ISS stated in the table is applicable to the city of São Paulo and refers to the rate most commonly levied on the Group’s operations. (c)INSS is a social security charge levied on wages paid to employees. The subsidiaries Linx Sistemas, Equals, Hiper, Cappta, Vitta Tecnologia em Saúde S.A. and Questor pay INSS at a rate of 4.50% on gross revenue due to the benefits this regime offers compared with social security tax on payroll. 16.2. Significant judgments, estimates and assumptions 16.2.1 Expected life of merchants The company estimates the expected life of two different classes of merchants in order to recognize equipment rental revenue on a straight-line basis and as a fixed monthly fee, as well as recognize the amortization of the costs of obtaining and fulfilling contracts with these merchants. The estimate is annually revised, and is related to the average time that are expected that the merchants will process transactions with the Group, through the experience observed in the customers' life cycle. 16.3. Timing of revenue recognition
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Expenses by nature |
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| Expenses by nature | Expenses by nature
(a)Financial expenses include discounts on the sale of receivables, interest expense on borrowings, interest to fund FIDC quota holders, foreign currency exchange variances, net and the cost of derivatives covering interest and foreign exchange exposure. (b)Transaction and client services costs include card transaction capturing services, card transaction and settlement processing services, logistics costs, payment scheme fees, cloud services and other costs. (c)Marketing expenses and sales commissions relate to marketing and advertising expenses, and commissions paid to sales related partnerships.
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Employee benefits |
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| Classes of employee benefits expense [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Employee benefits | Employee benefits 18.1. Accounting policy 18.1.1. Short-term obligations Liabilities in connection with short-term employee benefits are measured on a non-discounted basis and are expensed as the related service is provided. The liability is recognized for the expected amount to be paid under the plans of cash bonus or short-term profit sharing if the Group has a legal or constructive obligation of paying this amount due to past service provided by employees and the obligation may be reliably estimated. 18.1.2. Share-based payment The Group has equity settled share-based payment plans, under which the management commits shares to employees and non-employees in exchange for services. The cost of equity-settled transactions with employees is measured using their fair value at the date they are granted. The cost is expensed together with a corresponding increase in equity over the period in which the service and, where applicable, the performance conditions are fulfilled (the vesting period). The cumulative expense recognized for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Group’s best estimate of the number of equity instruments that will ultimately vest. The expense or credit in the statement of profit or loss for a period represents the movement in cumulative expense recognized as at the beginning and end of that period. Service and non-market performance conditions are not taken into account when determining the grant date fair value of awards, but the likelihood of the conditions being met is assessed as part of the Group’s best estimate of the number of equity instruments that will ultimately vest. Market performance conditions are reflected within the grant date fair value. Any other conditions attached to an award, but without an associated service requirement, are considered to be non-vesting conditions. The dilutive effect of outstanding options is reflected as additional share dilution in the computation of diluted earnings per share. See Note 15. 18.1.3. Profit-sharing and bonus plans The Group recognizes a liability and an expense for bonuses and profit-sharing. Bonus and profit-sharing are payable in cash and the amount payable in total and to each individual is based upon different factors: adjusted net income, global goals, department goals and individual performance assessment. The Group recognizes a provision where contractually obliged or where there is a past practice that has created a constructive obligation. 18.2. Significant judgments, estimates and assumptions 18.2.1. Share-based payment Estimating fair value for share-based payment transactions requires determination of the most appropriate valuation model and underlying assumptions, which depends on the terms and conditions of the grant and the information available at the grant date. The Group uses certain methodologies to estimate fair value which include the following: •estimation of fair value based on equity transactions with third parties close to the grant date; •other valuation techniques including option pricing models such as Black-Scholes. These estimates also require determination of the most appropriate inputs to the valuation models including assumptions regarding the expected life of a share option or appreciation right, expected volatility of the price of the Group’s shares and expected dividend yield. 18.3. Employee benefits expenses
18.4. Share-based payment plans The Group provides benefits to employees and board members of the Group through share-based incentives. The following table outlines the key share-based awards expense and their respective equity or liability balances as of December 31, 2022, 2021 and 2020.
18.4.1. RSU - Restricted share units The Group offers a Long-term incentive plan (“LTIP”) that enables the grant of equity-based awards to employees and other service providers with respect to its Class A common shares, and it has granted restricted share unit (“RSUs”) to certain key employees under the LTIP to incentivize and reward such individuals. These awards are scheduled to vest over up to ten year period, subject to and conditioned upon the achievement of certain performance conditions. Assuming achievement of these performance conditions, awards are settled in, or exercised for its Class A common shares. If the applicable performance conditions are not achieved, the awards are forfeited for no consideration. The restricted shares have the following summarized information (amounts in R$):
1 Determined based on the fair value of the equity instruments granted and the exchange rate, both at the grant date. 2 All performance conditions related with this grant were already satisfied. In December 31, 2022 there are no vested RSU to be issued to beneficiaries. The total expense, including taxes and social charges, recognized as Other income (expenses), net for the program on the year was R$187,518 (2021 - R$100,404 and 2020 - R$120,612). 18.4.2. PSU - Performance share units As part of LTIP, the Group granted awards of performance share units (“PSUs”). These awards are equity classified and give beneficiaries the right to receive shares if the Group reaches minimum levels of total shareholder return (“TSR”) for a specific period. The PSUs granted do not result in delivering shares to beneficiaries and expire if the minimum performance condition is not met. The fair value of the awards is estimated at the grant date using the Black-Scholes-Merton pricing model, considering the terms and conditions on which the PSUs were granted, and the related compensation expense is recognized over the vesting period. The performance condition is considered for estimating the grant-date fair value and of the number of PSUs expected to be issued, based on historical data and current expectations and is not necessarily indicative of performance patterns that may occur. The expected volatility reflects the assumption that the historical volatility over a period similar to the life of the PSUs is indicative of future trends, which may not necessarily be the actual outcome. The main two inputs to the model were: Risk–free interest rate and annual volatility, based on the Company and similar players’ historical stock price. To estimate the number of awards that are considered vested for accounting purposes we consider exclusively whether the service condition is met but reaching the TSR targets is ignored. As such even, if TSR targets are ultimately not achieved the expense will be recognized and not reversed for those PSUs for which the service condition was met. The performance shares have the following summarized information (amounts in R$):
In December 31, 2022 there are no vested PSU to be issued to beneficiaries.The total expense, including taxes and social charges, recognized as Other income (expenses), net for the program on the year was R$24,704 (2021 - R$12,601 and 2020 - R$ nil). 18.4.3. Options The Group has granted awards as stock options, of which the exercise date will be between 3 and 10 years with a fair value estimated at the grant date based on the Black-Scholes-Merton pricing model. The stock options have the following summarized information (amounts in R$):
The total expense, including taxes and social charges, recognized as Other income (expenses), net for the program on the year was R$854 (2021 - R$165 and 2020 - R$165). 18.5. Labor and social security liabilities
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Transactions with non-controlling interests |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Non Controlling Interests [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Transactions with non-controlling interests | Transactions with non-controlling interests The main effects of transactions with non-controlling interests on the equity attributable to the owners of the parent are comprised of:
(a)On January 28, 2021, the Group fully acquired the non-controlling interest in PDCA held by Bellver Fundo de Investimento Multimercado Crédito Privado Investimento no Exterior (“Bellver”). The transaction was made by a purchase and sale of shares, where Bellver agreed to acquire 1,313,066 STNE Participações S.A. shares by a payment being part in cash in the amount of R$230,500 and part by the delivering of their PDCA shares. The number of STNE Participações S.A. shares delivered to Bellver was based on STNE Participações S.A. volume-weighted average trading price of the 30 days preceding the signing of a memorandum of understanding (“MOU”) between the parties on December 8th, 2020. (b)On June 28, 2021, the Group sold all of the 4,205,115 Linked Gourmet’s shares held by it, representing 58.10% of the total and voting capital, for the total price of R$1, thus withdrawing from Linked Gourmet’s shareholders. The amount of R$1,219 refers to the 41.9% held by non-controlling shareholders. (c)Arising from the business combination among the Group and: SimplesVet – R$12,424, VHSYS – R$19,858, Questor – R$8,233, Sponte – R$1,765, Creditinfo Caribbean - R$5,505 and MLabs – R$2,465.
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Other disclosures on cash flows |
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| Other disclosures on cash flows [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other disclosures on cash flows | Other disclosures on cash flows 20.1. Non-cash operating activities
20.2. Non-cash investing activities
20.3. Non-cash financing activities
20.4. Property and equipment, and intangible assets
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Business combinations |
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| Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business combinations | Business combinations 21.1. Accounting policy Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, including assets given, equity instruments issued, and liabilities incurred or assumed at the date of exchange, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Group elects whether to measure non-controlling interests in the acquiree at fair value or on the basis of its proportionate share in the identifiable net assets of the acquiree. Costs directly attributable to the acquisition are expensed as incurred. The assets acquired and liabilities assumed are measured at fair value, classified, and allocated according to the contractual terms, economic circumstances, and relevant conditions as at the acquisition date. The Group identifies and measures the assets acquired and liabilities assumed by the value obtained in preliminary assessments at the acquisition date. The Group has up to 12 months after each of the acquisitions to conclude the assessment and frequently values the assets acquired and liabilities assumed with the assistance of independent specialists. When the valuation is finalized, the Company recognizes the difference between the preliminary amounts and the final amounts related to the acquisition on its statement of financial position and statement of profit or loss, as appropriated. Subsequent to the initial recognition of Property and equipment and Intangible assets identified, the Company accounts the depreciation and amortization by the method and useful lives defined at the initial recognition based on the preliminary assessments until the final assessments are available. Contingent liabilities recognized as of acquisition date are measured at fair value. Subsequently, until the liability is settled, cancelled or expires, they are recognized at the higher of the amount initially recognized or the amount that would be recognized under IAS 37. Any contingent consideration to be transferred by the acquirer will be recognized at fair value on acquisition date. Subsequent changes in the fair value of the contingent consideration treated as an asset or liability should be recognized in profit or loss. In order to evaluate the contingent consideration, the Group considers different probabilities of scenarios and discounted future contractual cash flows at the interest rates available in the market for similar financial instruments. Goodwill is measured as the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests and any previous interest held over the fair value of net assets acquired. If the fair value of net assets acquired is in excess of the aggregate consideration transferred, the Group re-assesses whether it has correctly identified all assets acquired and all liabilities assumed and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in profit or loss. After initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill indefinite useful life intangible assets recognized under business combination are tested for impairment at least annually at December 31 or whenever there is an indication that it may be impaired (see Note 10.4 for more details). 21.2. Significant judgments, estimates and assumptions The process of accounting a business combination includes the use of (i) valuation techniques to determine the amounts of intangible assets identified, (ii) estimates to determine its useful life, and (iii) valuation techniques to estimate the contingent consideration included in the total consideration paid to acquire the companies. 21.3. Acquisitions in 2022 During 2022, the Group realized business combinations with Reclame Aqui, Plugg.to and Hubcount. 21.3.1. Transaction details 21.3.1.1. Reclame Aqui On February 17, 2022 the Group acquired 50% of equity interest in Reclame Aqui Holdings Limited (“Reclame Aqui”). Reclame Aqui is an unlisted company based in Cayman Islands, with operations in Brazil, which provides customer relationship software and other solutions to help companies better engage and serve their clients.The Group determined it has control based on its voting power over the main decisions of Reclame Aqui. 21.3.1.2. Plugg.to On June 08, 2022, the Group acquired 100% of equity interest in ThirdLevel Soluções de Internet S.A. (“Plugg.to”), a private company headquartered in the State of São Paulo, Brazil. Plugg.to develops technology that works as a marketplace hub, offering fast and intelligent integrations between virtual store platforms, ERP's and marketplaces, with which the Group hopes to obtain synergies in its services to customers. The agreement with the selling shareholders provides for a contingent consideration linked to the achievement of certain operational goals and to the performance of net revenue for fiscal years 2023 and 2024. Plugg.to was merged into Linx Sistemas on November 3, 2022. 21.3.1.3. Hubcount On August 31, 2022, our controlled company Questor acquired 75% of equity interest in Hubcount Tecnologia S.A. (“Hubcount”), a private company headquartered in the State of São Paulo, Brazil. Hubcount develops technology that offers accounting solutions to accounting offices and large corporations, with which the Group hopes to obtain synergies in its services to customers. The agreement with the selling shareholders provides for a contingent consideration linked to the performance of net revenue for fiscal year 2023. 21.3.2. Financial position of the businesses acquired The net assets acquired, at fair value, on the date of the business combination, and the goodwill amount originated in the transaction are presented below.
(a)Identification and measurement of assets acquired, liabilities assumed, consideration transferred, and goodwill are final. (b)Identification and measurement of assets acquired, liabilities assumed, consideration transferred, and goodwill are preliminary. (c)The Group carried out a preliminary or final fair value assessment of the assets acquired in the business combination, as specified in the items (a) and (b) above, having identified customer relationship, software, and trademark and patents as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.3.3. 21.3.3. Intangible assets recognized from business combination The assumptions adopted to measure the fair value of intangible assets identified in the business combination are described below, as well as whether the assessment is preliminary or final. 21.3.3.1. Customer relationship
(a)Useful lives were estimated based on internal benchmarks. (b)Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.3.3.2. Software
(*) Multi-Period Excess Earnings Method (“MEEM”) (a)Useful lives were estimated based on internal benchmarks. (b)Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.3.3.3. Trademark and patents
(*) Multi-Period Excess Earnings Method (“MEEM”) (a)Useful lives were estimated based on internal benchmarks. (b)Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.3.4. Consideration paid The consideration paid on business combination is composed by the sum of the following values, if any: (a) consideration transferred, (b) non-controlling interest in the acquiree and (c) fair value of the acquirer’s previously held equity interest in the acquiree. The consideration paid in the preliminary assessments is presented as follows.
(a)The Group used Treasury shares to pay some of the selling shareholders and some of the Capital increase in Reclame Aqui (see note 14.3), The fair value of the treasury shares delivered to selling shareholders and used as capital increase were R$113,779 and R$56,085, respectively, totaling R$169,864. The treasury shares used as capital increase in Reclame Aqui were subsequently sold by the investee for R$53,406. (b)The Group has elected to measure the non-controlling interests in the acquiree using the present ownership instruments’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. (c)The Group has a call option to acquire the remaining equity interest to hold 100% of Reclame Aqui, which can be exercised between January 1, 2027 and June 30, 2027. The option has been measured in accordance with pre-determined formulas and was recorded in the consolidated statement of financial position as Derivative financial instruments. R$16,200 represents the final amount on acquisition date. This value is periodically remeasured, which may result in an increase or decrease of the estimate, and as of June 30, 2022 this option is included in the amount of R$23,983 mentioned in Note 6.8. (d)Reclame Aqui contingent consideration will be paid to the selling shareholders in two periods – after the closing of the 2023 (1st period) and 2025 (2nd period) fiscal years, the amount is based on predetermined formulas which consider mainly the net revenue of Reclame Aqui at the end of 2023 and 2025. Plugg.to contingent consideration will be paid to the selling shareholders after the closing of the 2023 for financial metrics and 2024 for operational metrics. Contingent consideration for the acquisition of Hubcount is being evaluated. Additionally, the Group holds a put option to sell the totality of its shares on Reclame Aqui to VLP Holding Ltd (non-controller shareholder of Reclame Aqui). VLP Holding Ltd also has a put option to sell the totality of its shares on Reclame Aqui to the Group. This option can be exercised by VLP Holding Ltd between July 1, 2027 and July 31, 2027, provided that: (i) the Company decides not to exercise the call option mentioned in the item c) above and (ii) certain metrics based on net revenue of Reclame Aqui are achieved. See note 6.12(k) for further details about accounting policy elected to those options. 21.3.5. Revenue and profit contribution The combined statement of profit or loss from the acquisition date through December 31, 2022 for all companies acquired in 2022, is presented below:
Total revenue and net income for the Group is presented below on a pro-forma basis assuming the acquisitions occurred at the beginning of the year of each acquisition:
This pro-forma financial information is presented for informational purposes only and does not purport to represent what the Company’s results of operations would have been had it completed the acquisition on the date assumed, nor is it necessarily indicative of the results that may be expected in future periods. 21.4. Acquisitions in 2021 – assessments concluded in 2022 During 2021, the Company conducted business combinations with some companies, including SimplesVet, VHSYS, Linx, Trampolin and Collact. The acquisitions of these companies were measured in 2021 based on preliminary assessments and included in the December 31, 2021 consolidated financial statements. The assessments were completed in the first quarter of 2022 for SimplesVet and VHSYS, in the second quarter of 2022 for Linx and in the third quarter for Trampolin and Collact. The effects of the differences between the preliminary assessments (as originally recognized on December 31, 2021) and the final assessments was retrospectively accounted in the consolidated financial statements as of December 31, 2021. Therefore, the December 31, 2021 comparative statement of financial position was revised in these interim condensed consolidated financial statements (see Note 1.3). 21.4.1. Financial position of the businesses acquired The net assets acquired, at fair value, on the date of the business combination, and the goodwill amount originated in the transaction considering the preliminary and the final assessments are presented below. 21.4.1.1. SimplesVet
(a)The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship, and software as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b)The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by SimplesVet. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the first quarter of 2022, the valuation was completed. 21.4.1.2. VHSYS
(a)The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship, and software as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b)The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by VHSYS. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the first quarter of 2022, the valuation was completed. 21.4.1.3. Linx
(a)The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship, software, trademarks and patents, and non-compete agreement as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b)The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by Linx. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the second quarter of 2022, the valuation was completed. 21.4.1.4. Trampolin
(a)The Group carried out a fair value assessment of the assets acquired in the business combination, having identified software as intangible asset. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b)The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by Trampolin. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the third quarter of 2022, the valuation was completed. 21.4.1.5. Collact
(a)The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship and software as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2 (b)The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by Collact. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the third quarter of 2022, the valuation was completed. 21.4.2. Intangible assets recognized from business combinations The assumptions adopted to measure the fair value of intangible assets identified in the business combination are described below. 21.4.2.1. Customer relationship
(*) Multi-Period Excess Earnings Method (“MEEM”) (a)Useful lives were estimated based on internal benchmarks. In the case of Linx useful life considers the observed behavior of Linx customers who historically present a very low level of churn. The asset was measured for each of the Linx subsidiaries and for this reason the useful life is variable. (b)Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.4.2.2. Software
(a)Useful lives were estimated based on internal benchmarks. The asset was measured for each of the Linx subsidiaries and for this reason the useful life is variable. (b)Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.4.2.3. Trademark and patents
(a)Useful lives were estimated based on internal benchmarks. (b)Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.4.2.4. Non-compete agreement
(a)Useful lives were estimated based on non-compete agreement terms. (b)Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.4.3. Consideration paid The consideration paid on business combination is composed by the sum of the following values, if any: (i) consideration transferred, (ii) non-controlling interest in the acquiree and (iii) fair value of the acquirer’s previously held equity interest in the acquiree. The consideration paid in the preliminary and the final assessments is presented as follows. 21.4.3.1. SimplesVet
(a)The Group has elected to measure the non-controlling interests in the acquiree using the present ownership instruments’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. (b)The final amount of contingent consideration was evaluated for the acquisition date based on predetermined formulas mainly considering the amount of revenue and profitability that the acquired company will have at the end of 2022 in different expected scenarios. 21.4.3.2. VHSYS
(a)Refers to the acquiree’s shares previously acquired from the selling shareholders. As a result of the acquisition of VHSYS in steps, the Group recognized a gain of R$12,010 in 2021 by the difference between the previously held 33.33% interest in VHSYS, at fair value, in the amount of R$24,064, and its carrying amount, of R$12,054. (b)The Group has elected to measure the non-controlling interests in the acquiree using the present ownership instruments’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. 21.4.3.3. Linx
(a)Refers to the acquiree’s shares previously acquired in stock market or from the selling shareholders. (b)Refers to share-based payments that may be paid in the next months and to a non-compete agreement signed with the Linx founders selling shareholders. 21.4.3.4. Trampolin
(a)The final amount of contingent consideration was evaluated for the acquisition date based on predetermined formulas mainly considering the amount of revenue and profitability that the acquired company will have at the end of 2022 in different expected scenarios. 21.4.3.5. Collact
(a)Refers to the acquiree’s shares previously acquired in stock market or from the selling shareholders. As a result of the step acquisition of Collact, the Group recognized a gain of R$3,838 by the difference between the previously held 25% interest in Collact, at fair value, in the amount of R$3,529, and its carrying amount, of (R$309). (b)The final amount of contingent consideration was evaluated for the acquisition date based on predetermined formulas mainly considering the amount of revenue and profitability that the acquired company will have at the end of 2022 in different expected scenarios.
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| Operating Segments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment information | Segment information 22.1. Accounting policy Until the second quarter of 2021, the Group evaluated the business as a single reportable segment. From the third quarter of 2021 onwards, due to the acquisition of Linx, and the complexity of the business, the Group began to have two operating and reportable segments: StoneCo (ex-Linx) and Linx, as the CODM reviewed and monitored operations and evaluated performance considering such separate views. Starting in the first quarter of 2022, in line with the strategy and organizational structure of the Group, the Group is presenting two reportable segments, namely “Financial Services” and “Software” and certain non allocated activities: •Financial services: Comprised of our financial services solutions which includes mainly payments solutions, digital banking, credit, insurance solutions as well as the registry business TAG. •Software: Comprised of two main activities (i) Core, which is comprised by POS/ERP solutions, TEF and QR Code gateways, reconciliation and CRM, and (ii) Digital, which includes OMS, e-commerce platforms, engagement tools, ads solutions and marketplace hubs. •Non allocated activities: Comprised of non-strategic businesses, including results on disposal / discontinuation of non-core businesses. The change in segments reflect changes in our internal organization with Financial Services and Software each representing strategic business units monitored separately and having a member of the leadership team responsible for such unit. The Group used and continues to use Adjusted net income (loss) as the measure reported to the CODM about the performance of each segment. The measurement of Adjusted net income (loss) from April 1, 2022 no longer adjust bond expenses (see Note 6.7.3.4) in the segmented statement of profit or loss. As such in the statement of profit or loss as from April 1, 2022 the bond expenses are included in the Financial Services segment. Information for prior periods (including the comparative periods and results from January 1, 2022 to March 31, 2022) have not been retroactively adjusted to reflect the new criteria. The effect in Adjusted net income of no longer excluding bond expenses from April 1, 2022 to December 31, 2022 amounts to R$305,122. In order to facilitate the comparison of segment result on a consistent basis, we present as additional information the segment statements of profit or loss: (i) of the year ended December 31, 2022 net income (loss) excluding bond expenses for the twelve-month-period, which was the criteria we used up to March 31, 2022, (ii) of the year ended December 31, 2022 net income (loss) not excluding such bond expenses for the twelve-month period, which is our current criteria , and (iii) of the year ended December 31, 2021 net income (loss) not excluding bond expenses for the twelve-month period, which is our current criteria. 22.2. Segmented Statement of Profit or Loss
22.3. Reconciliation of segment adjusted net income (loss) for the year with net income (loss) in the consolidated financial statements
(a)Related to acquisitions. Consists of expenses resulting from the changes of the fair value adjustments as a result of the application of the acquisition method. (b)Consists of expenses related to the vesting of one-time pre-IPO pool of share-based compensation as well as non-recurring long term incentive plans. (c)Consists of the fair value adjustment related to associates call option, M&A and Bond issuance expenses, earn-out interests related to acquisitions, gains/losses in the sale of companies, dividends from Linx and organizational restructuring expenses..
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Subsequent events |
12 Months Ended |
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Dec. 31, 2022 | |
| Disclosure of non-adjusting events after reporting period [abstract] | |
| Subsequent events | Subsequent events Sale of stake in Banco Inter During first quarter of 2023, the Group sold its remaining stake in Banco Inter, representing 16.8 million shares. The shares were sold at a price of R$12.96, equivalent to R$218 million. The movement follows the Group’s goal to focus on its core operation of Financial Services and Software. During the second quarter of 2022 the Group had already announced a partial sale equivalent to 21.5% of the shares it held at Banco Inter through the cash-out option offered in Inter’s corporate restructuring.
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Significant accounting policies (Policies) |
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Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Significant Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||
| Basis of preparation | Basis of preparation The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements have been prepared on a historical cost basis, except for some Short and Long-term investments, Accounts receivable from card issuers, certain loans presented under Trade accounts receivable, Derivative financial instruments, Other liabilities related to contingent consideration and, upon initial recognition, Provision for contingencies of entities acquired on business combinations. The consolidated financial statements are presented in Brazilian reais (“R$”), and all values are rounded to the nearest thousand (R$ 000), except when otherwise indicated.
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| Foreign currency translation | Foreign currency translation 2.2.1. Financial statements in foreign currencies The Group’s consolidated financial statements are presented in Brazilian reais (“R$”), which is the Company’s functional currency. For each entity, the Group determines its functional currency. Items included in the financial statements of each entity are measured using that functional currency. The functional currency for the Company’s subsidiaries is also the Brazilian real, except for the Napse Group. The functional currencies of the different entities of the Napse Group are the U.S. dollar, Argentinian peso, Chilean peso, Mexican peso, Nuevo Sol and Uruguayan peso. The financial statements of entities with a functional currency different than the Brazilian real, have their financial statements translated into Brazilian reais using (i) the exchange rates at the reporting date for assets and liabilities, (ii) average monthly exchange rates for profit or loss, and (iii) the exchange rate at the transaction date for equity transactions. Exchange gains and losses arising from translating are recorded in OCI. 2.2.2. Transactions in foreign currencies Transactions in foreign currencies are initially recorded by the Group’s entities in their functional currency at the spot rate at the date the transaction first qualifies for recognition. Monetary assets and liabilities denominated in foreign currencies are translated into each functional currency using the exchange rates prevailing at the reporting date. Exchange gains and losses arising from the settlement of transactions and from the translation of monetary assets and liabilities denominated in foreign currency are recognized in the statement of profit or loss. These mostly arise from transactions carried out by clients with credit and debit cards issued by foreign card issuers and from the translation of the Group’s financial instruments denominated in foreign currencies.
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| Leases | Leases The determination of whether an arrangement is, or contains, a lease is based on the substance of the arrangement at the inception date. In the event that fulfillment of the arrangement is dependent on the use of specific assets or the arrangement transfers a right to use the asset, such arrangements are defined as leases. 2.3.1. Group as lessee The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets for which the Group opts for recognition exemption. The Group recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. 2.3.1.1. Right-of-use assets The Group recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. The estimated useful lives for the right-of-use assets are as follows:
If ownership of the leased asset is transferred to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The right-of-use assets are also subject to impairment. 2.3.1.2. Lease liabilities At the commencement date of the lease, the Group recognizes under “Loans and financing” lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating a lease, if the lease term reflects the Group exercising the option to terminate. The variable lease payments are recognized as expense in the period on which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Group uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset. 2.3.1.3. Short-term leases and leases of low-value assets The Group applies the short-term lease recognition exemption to its short-term leases of offices, software, vehicles and other equipment (contracts that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the low-value assets recognition exemption to leases of office equipment that are considered of low value (below US$5,000). Lease payments of short-term leases and leases of low-value assets are recognized as an expense on a straight-line basis over the lease term. 2.3.2. Group as lessor Leases in which the Group does not transfer substantially all the risks and rewards incidental to ownership of an asset are classified as operating leases. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the same basis as rental income. Contingent rents are recognized as revenue in the period in which they are earned. The Group has cancellable month-to-month lease contracts of Pin Pads & POS to third parties (clients). The leased assets are included in “Property and equipment” in the consolidated statement of financial position and are depreciated over their expected useful lives on a straight-line basis. Income from operating leases (net of any incentives given to the lessee) is recognized on a straight-line basis over the lease term in “Net revenue from subscription services and equipment rental” in the consolidated statement of profit or loss.
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| Prepaid expenses | Prepaid expenses Prepaid expenses are recognized as an asset in the statement of financial position. These expenditures include, but are not limited to, prepaid software licenses, certain consulting services, insurance premiums and prepaid marketing expenses. The amount recognized as asset in the statement of financial position is charged to the statement of profit or loss once the prepaid services are consumed by the Group. As of December 31, 2022, the balance is mainly represented by prepaid media to the Globo group of R$163,065 (R$294,953 as of December 31, 2021). Under the terms of the agreement the amount is available to place media until 2025.
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| Current and non-current classification | Current and non-current classification The Group presents assets and liabilities in the statement of financial position based on a current / non-current classification. An asset is current when it is: •expected to be realized or intended to be sold or consumed in the normal operating cycle; •held primarily for the purpose of trading; •expected to be realized within twelve months after the reporting period; or •cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. All other assets are classified as non-current. A liability is current when it is: •expected to be settled in the normal operating cycle; •held primarily for the purpose of trading; •due to be settled within twelve months after the reporting period; or •there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non-current. Deferred tax assets and liabilities are classified as non-current assets and liabilities.
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| IAS 29 Accounting and reporting standard in highly hyperinflationary economy | IAS 29 Financial Reporting in Hyperinflationary Economies Considering that the inflation accumulated in the past three years in Argentina was higher than 100%, the adoption of the IAS 29 Financial Reporting in Hyperinflationary Economies is mandatory for the subsidiary Napse S.R.L., located in Argentina. Pursuant to IAS 29, non-monetary assets and liabilities, shareholders’ equity and amounts in the statement of profit or loss of entities that operate in hyperinflationary economies are adjusted by the change in the general purchasing power of the currency, applying a general price index. The financial statements of an entity whose functional currency is the currency of a hyperinflationary economy, whether they are based on the historical or current cost approach, should be expressed in terms of the current measurement unit at the balance sheet date.
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| New and amended standards and interpretations | New standards and amendments to standards and interpretations adopted The following amendments and interpretations were applied for the first time in 2022: •Onerous contracts – costs of fulfilling a contract – amendments to IAS 37: The amendments apply a “directly related cost approach”. The costs that relate directly to a contract to provide goods or services include both incremental costs and an allocation of costs directly related to contract activities. •IFRS 9 – Financial instruments – fees in the ‘10 per cent’ test for derecognition of financial liabilities: The amendment clarifies the fees that an entity includes when assessing ‘10 per cent’ test and whether the terms of a new or modified financial liability are substantially different from the terms of the original financial liability. •Reference to the conceptual framework – amendments to IFRS 3: The amendments are intended to replace a reference to the Framework for the Preparation and Presentation of Financial Statements, issued in 1989, with a reference to the Conceptual Framework for Financial Reporting issued in March 2018. •Proceeds before intended use – amendments to IAS 16: The amendment prohibits entities from deducting from the cost of an item of property, plant and equipment, any proceeds of the sale of items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity recognizes the proceeds from selling such items, and the costs of producing those items, in profit or loss. •IAS 41 - Taxation in fair value measurements: The amendment removes the requirement in paragraph 22 of IAS 41 that entities exclude cash flows for taxation when measuring the fair value of assets within the scope of IAS 41. •First-time adoption of international financial reporting standards: The amendment to IFRS 1 simplifies the application of IFRS 1 by a subsidiary that becomes a first-time adopter after its parent in relation to the measurement of cumulative translation differences. These amendments mentioned above had no relevant impact on the consolidated financial statements of the Group. 2.8. New standards and amendments to standards and interpretations not yet adopted The new and amended standards and interpretations that are issued, but not yet effective, up to the date of issuance of the Group’s financial statements are presented below. The Group intends to adopt these new and amended standards and interpretations, if applicable, when they become effective. 2.8.1. Amendments to IAS 1: classification of liabilities as current or non-current In January 2020, the IASB issued amendments to paragraphs 69 to 76 of IAS 1 to specify the requirements for classifying liabilities as current or non-current. The amendments clarify: •What is meant by a right to defer settlement; •That a right to defer must exist at the end of the reporting period; •That classification is unaffected by the likelihood that an entity will exercise its deferral right; •That only if an embedded derivative in a convertible liability is itself an equity instrument would the terms of a liability not impact its classification. The amendments are effective for annual reporting periods beginning on or after January 1, 2023 and must be applied retrospectively. The Group reviewed the amendment and does not expect to have any impact on the Group’s consolidated financial statements on this apply. 2.8.2. Amendment to IAS 12 – deferred tax related to assets and liabilities arising from a single transaction These amendments require companies to recognize deferred tax on transactions that, on initial recognition give rise to equal amounts of taxable and deductible temporary differences. In May 2021, the Board issued amendments to IAS 12, which narrow the scope of the initial recognition exception under IAS 12, so that it no longer applies to transactions that give rise to equal taxable and deductible temporary differences. The amendments are effective for annual reporting periods beginning on or after January 1, 2023. The Group will apply the amendments for applicable transactions, on or after the beginning of the annual reporting period in which the entity first applies the amendment. The Group does not expect to have any impact on its consolidated financial statements by applying these amendments. 2.8.3. IFRS 17 – insurance contracts This standard replaces IFRS 4, which currently permits a wide variety of practices in accounting for insurance contracts. IFRS 17 will fundamentally change the accounting by all entities that issue insurance contracts and investment contracts with discretionary participation features. The amendments are effective for annual reporting periods beginning on or after January 1, 2023. The Group is assessing the impact that the amendments will have on current practice and does not expect to have any impact on the Group’s consolidated financial statements on this apply. 2.8.4. Narrow scope amendments to IAS 1, practice statement 2 and IAS 8 In February 2021, the Board issued amendments to IAS 1, IFRS Practice Statement 2 Making Materiality Judgements (the PS) and to IAS 8. The amendments aim to improve accounting policy disclosures and to help users of the financial statements to distinguish between changes in accounting estimates and changes in accounting policies. The amendments are effective for annual reporting periods beginning on or after January 1, 2023. The Group had assessed the amendment and does not expect to have any impact on the Group’s consolidated financial statements on this apply. 2.8.5. Lease Liability in a Sale and Leaseback Amendments to IFRS 16 In September 2022, the Board issued the amendment to IFRS 16. The amendment clarifies the subsequent measurement of lease liability related to a sale and leaseback transaction, principally for those lease contracts that payments are variable and do not depend on an index or rate. The amendments are effective for annual reporting periods beginning on or after January 1, 2024. The Group does not expect to have any impact on the Group’s consolidated financial statements on this apply.
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Income taxes (Policies) |
12 Months Ended |
|---|---|
Dec. 31, 2022 | |
| Accounting policy for income taxes [Abstract] | |
| Taxes | Accounting policy 8.1.1. Current income and social contribution taxes Current tax assets and liabilities are measured at the amount expected to be recovered or paid to the tax authorities. The tax rules used to determine tax assets and liabilities are those that are in force on the balance sheet date in the countries where the Group operates and generates taxable income. StoneCo Ltd. is domiciled in Cayman and there is no income tax in that jurisdiction. The income earned by StoneCo Ltd. from its operations abroad can be subject to income tax at the main rate of 15%. The combined rate applied to all entities in Brazil is 34%, comprising the Corporate Income Tax (“IRPJ”) and the Social Contribution on Net Income (“CSLL”) on the taxable income of each Brazilian legal entity (not on a consolidated basis). The Group's Brazilian entities recognize IRPJ and CSLL on an accrual basis. According to Brazilian tax rules, our companies may offset the historical nominal amount of tax losses determined in prior years against results of subsequent years at any time (i.e., with no limitations with respect to time periods), provided that such offsetting does not exceed 30% of the annual taxable income of the fiscal period in which tax losses are utilized. Payments are made monthly, in anticipation of the amount which will be due by the year-end. 8.1.2. Deferred income and social contribution taxes Deferred tax assets or liabilities are obtained based on the differences between the tax bases of assets and liabilities and the amounts reported in the Consolidated statement of financial position at each period. Deferred tax assets may also be recognized over unused tax losses. Deferred tax assets are recognized only to the extent that it is probable that the Group's Brazilian entities will generate future taxable profits that will allow for their recovery. The expected realization of deferred tax assets is based on technical studies prepared by the Company that demonstrate expectation of future taxable profits according to management projections. The income tax and social contribution expense is recognized in the Consolidated statement of profit or loss under Income tax and social contribution, except when it refers to items recognized in other comprehensive income, in which case the related deferred tax assets or liabilities are also recognized against other comprehensive income. In this case, the Group presents these items in the Consolidated Statement of Other Comprehensive Income net of related tax effect. Management periodically evaluates positions taken in tax returns with respect to situations where applicable tax regulations are subject to interpretation and recognizes provisions, when appropriate. Deferred tax assets and liabilities are presented net in the Consolidated statement of financial position when there is a legally enforceable right and the intention to offset them upon the calculation of current taxes, generally when related to the same legal entity and the same jurisdiction. Accordingly, deferred tax assets and liabilities in different entities or in different countries are generally presented separately, and not on a net basis.
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Property and equipment (Policies) |
12 Months Ended |
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Dec. 31, 2022 | |
| Disclosure Of Significant Accounting Policies [Abstract] | |
| Property and equipment | Accounting policy All property and equipment are stated at historical cost less accumulated depreciation and impairment losses, if any (see note 9.3 for more details). Historical cost includes expenditures that are directly attributable to the acquisition of the items and, if applicable, net of tax credits. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item is material and can be measured reliably. All other repairs and maintenance expenditures are charged to profit or loss during the period in which they are incurred. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Assets’ residual values, useful lives and methods of depreciation are reviewed at each reporting date and adjusted prospectively, if appropriate. Gains and losses on disposals or derecognition are determined by comparing the disposal proceeds (if any) with the carrying amount and are recognized in profit or loss. The Group also derecognizes under ¨Disposal of property and equipment¨ Pin Pads & POS held by customers that are not being used in the last 180 or 360 days, depending on the category of customer.
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Intangible assets (Policies) |
12 Months Ended |
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Dec. 31, 2022 | |
| Intangible Assets [abstract] | |
| Intangible assets, other than goodwill | Accounting policy 10.1.1. Initial recognition Certain direct development costs associated with internally developed software and software enhancements of the Group’s technology platform are capitalized. Capitalized costs, which occur post determination by management of technical feasibility, include external services and internal payroll costs. These costs are recorded as intangible assets along the development phase. Research and pre-feasibility development costs, as well as maintenance and training costs, are charged to profit or loss when incurred. Separately acquired intangible assets are measured at cost on initial recognition. The cost of intangible assets acquired in a business combination corresponds to their fair value at the acquisition date. 10.1.2. Subsequent recognition The useful lives of intangible assets are assessed as finite or indefinite. As of December 31, 2022 the Group holds only trademarks and patents and goodwill as indefinite life intangible assets. Intangible assets with finite useful lives are amortized over their estimated useful lives on a straight-line basis. Intangible assets with indefinite lives are not amortized. In both cases the intangible asset is tested for impairment whenever there is an indication that their carrying amount may not be recovered. For intangible assets with indefinite live, the impairment test is annually mandatory. The carrying amount of an intangible asset is composed by their cost net of accumulated amortization and any impairment losses recognized. The useful life and the method of amortization for intangible assets with finite lives are reviewed at least at the end of each fiscal year or when a change in the use pattern of the asset is identified. Changes in estimated useful lives or expected consumption of future economic benefits embodied in the assets are considered to modify the amortization period or method, as appropriate, and treated as changes in accounting estimates, with prospective effects. The amortization of intangible assets with definite lives is recognized in profit or loss in the expense category consistent with the use of intangible assets. Gains and losses resulting from the disposal or derecognition of intangible assets are measured as the difference between the net disposal proceeds (if any) and their carrying amount and are recognized in profit or loss. 10.1.3. Impairment test The Group performs the impairment test of the assets in the scope of IAS 36 when (i) it observes an indication that an asset may be impaired or (ii) annually, whenever the entity has non-ready-to-use assets or goodwill. Assets of the Group subject to IAS 36 are intangible assets (including goodwill), property and equipment and investments in associates. Assets are tested individually, whenever possible, or allocated to Cash Generating Units (“CGUs”) or groups of CGUs. For the purpose of goodwill impairment testing, goodwill is allocated to the CGU or groups of CGUs, that are expected to benefit from the synergies of the business combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those CGU or groups of CGUs. The impairment test consists in the comparison between (i) the carrying amount of the asset, CGU, or group of CGUs and (ii) its recoverable amount. The recoverable amount of an asset, CGU or groups of CGUs is the higher of (i) their fair value less costs of disposal and (ii) their value in use. If the carrying amount exceeds the recoverable amount an impairment loss is recognized. In determining fair value less costs of disposal, recent market transactions are considered. If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples, quoted share prices for publicly traded companies or other available fair value indicators. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Impairment losses of continuing operations are recognized in the statement of profit or loss in expense categories consistent with the function of the impaired asset. Impairment losses can be reversed in future periods, except impairment losses of goodwill. See Note 10.4 for details in the model and key assumptions adopted in the annual goodwill impairment test.
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Business combinations (Policies) |
12 Months Ended |
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Dec. 31, 2022 | |
| Business Combinations [Abstract] | |
| Business combinations and goodwill | Accounting policy Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, including assets given, equity instruments issued, and liabilities incurred or assumed at the date of exchange, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Group elects whether to measure non-controlling interests in the acquiree at fair value or on the basis of its proportionate share in the identifiable net assets of the acquiree. Costs directly attributable to the acquisition are expensed as incurred. The assets acquired and liabilities assumed are measured at fair value, classified, and allocated according to the contractual terms, economic circumstances, and relevant conditions as at the acquisition date. The Group identifies and measures the assets acquired and liabilities assumed by the value obtained in preliminary assessments at the acquisition date. The Group has up to 12 months after each of the acquisitions to conclude the assessment and frequently values the assets acquired and liabilities assumed with the assistance of independent specialists. When the valuation is finalized, the Company recognizes the difference between the preliminary amounts and the final amounts related to the acquisition on its statement of financial position and statement of profit or loss, as appropriated. Subsequent to the initial recognition of Property and equipment and Intangible assets identified, the Company accounts the depreciation and amortization by the method and useful lives defined at the initial recognition based on the preliminary assessments until the final assessments are available. Contingent liabilities recognized as of acquisition date are measured at fair value. Subsequently, until the liability is settled, cancelled or expires, they are recognized at the higher of the amount initially recognized or the amount that would be recognized under IAS 37. Any contingent consideration to be transferred by the acquirer will be recognized at fair value on acquisition date. Subsequent changes in the fair value of the contingent consideration treated as an asset or liability should be recognized in profit or loss. In order to evaluate the contingent consideration, the Group considers different probabilities of scenarios and discounted future contractual cash flows at the interest rates available in the market for similar financial instruments. Goodwill is measured as the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests and any previous interest held over the fair value of net assets acquired. If the fair value of net assets acquired is in excess of the aggregate consideration transferred, the Group re-assesses whether it has correctly identified all assets acquired and all liabilities assumed and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in profit or loss. After initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill indefinite useful life intangible assets recognized under business combination are tested for impairment at least annually at December 31 or whenever there is an indication that it may be impaired (see Note 10.4 for more details).
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Segment information (Policies) |
12 Months Ended |
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Dec. 31, 2022 | |
| Disclosure Of Significant Accounting Policies [Abstract] | |
| Segment information | Accounting policy Until the second quarter of 2021, the Group evaluated the business as a single reportable segment. From the third quarter of 2021 onwards, due to the acquisition of Linx, and the complexity of the business, the Group began to have two operating and reportable segments: StoneCo (ex-Linx) and Linx, as the CODM reviewed and monitored operations and evaluated performance considering such separate views. Starting in the first quarter of 2022, in line with the strategy and organizational structure of the Group, the Group is presenting two reportable segments, namely “Financial Services” and “Software” and certain non allocated activities: •Financial services: Comprised of our financial services solutions which includes mainly payments solutions, digital banking, credit, insurance solutions as well as the registry business TAG. •Software: Comprised of two main activities (i) Core, which is comprised by POS/ERP solutions, TEF and QR Code gateways, reconciliation and CRM, and (ii) Digital, which includes OMS, e-commerce platforms, engagement tools, ads solutions and marketplace hubs. •Non allocated activities: Comprised of non-strategic businesses, including results on disposal / discontinuation of non-core businesses. The change in segments reflect changes in our internal organization with Financial Services and Software each representing strategic business units monitored separately and having a member of the leadership team responsible for such unit. The Group used and continues to use Adjusted net income (loss) as the measure reported to the CODM about the performance of each segment. The measurement of Adjusted net income (loss) from April 1, 2022 no longer adjust bond expenses (see Note 6.7.3.4) in the segmented statement of profit or loss. As such in the statement of profit or loss as from April 1, 2022 the bond expenses are included in the Financial Services segment. Information for prior periods (including the comparative periods and results from January 1, 2022 to March 31, 2022) have not been retroactively adjusted to reflect the new criteria. The effect in Adjusted net income of no longer excluding bond expenses from April 1, 2022 to December 31, 2022 amounts to R$305,122. In order to facilitate the comparison of segment result on a consistent basis, we present as additional information the segment statements of profit or loss: (i) of the year ended December 31, 2022 net income (loss) excluding bond expenses for the twelve-month-period, which was the criteria we used up to March 31, 2022, (ii) of the year ended December 31, 2022 net income (loss) not excluding such bond expenses for the twelve-month period, which is our current criteria , and (iii) of the year ended December 31, 2021 net income (loss) not excluding bond expenses for the twelve-month period, which is our current criteria.
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Operations (Tables) |
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| Disclosure of operating segments [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of recasted financial statements [Table Text Block] | The revised lines in the Statement of financial position are as follows:
(a)The recoverability of tax credits previously recognized by Linx was reviewed. (b)The Group identified deferred tax liabilities in relation to the tax amortization of goodwill previously recognized by Linx on past business combinations. These amounts were derecognized on the consolidated financial statements due to the acquisition of Linx. A deferred tax asset related to the tax benefit over the remaining fiscal amortization of goodwill was recognized. Additionally, the deferred tax liabilities over identified intangible assets were reviewed. (c)The adjustments refer mainly to goodwill impacted by items (a) and (b) described above and a fair value of non-compete agreement signed with the Linx founders. Minor impacts refer to reviewed assessment of customer relationships, software, and trademarks and patents identified in the business combinations of SimplesVet, VHSYS, Trampolin, Collact and Linx. (d)The adjustments refer mainly to reviewed contingent consideration of SimplesVet and Trampolin. (e)The adjustments refer to the contingent consideration in the form of equity instruments originated from the non-compete agreement signed with the Linx founders. (f)The adjustments refer to the fair value of non-controlling interests in SimplesVet and VHSYS over the adjustments described in the item (c) above.
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Significant accounting policies (Tables) |
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Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||
| Disclosure Of Significant Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||
| Summary of Depreciation Method of Right of Use Assets | Right-of-use assets The Group recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. The estimated useful lives for the right-of-use assets are as follows:
If ownership of the leased asset is transferred to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The right-of-use assets are also subject to impairment.
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Group information (Tables) |
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| Investments accounted for using equity method [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of information about consolidated structured entities | The Group considers the FIDC AR III, FIDC TAPSO, FIDC TAPSO II, FIDC SOMA, FIDC SOMA III, FIC FIM STONECO and Fundo Retail to be structured entities that are controlled by the Group. The participation of the Group in each of them is stated as follows:
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| Disclosure of subsidiaries [text block] | The consolidated financial statements of the Group include the following subsidiaries and structured entities:
(a)PDCA was merged into Pagar.me on October 18, 2022. (b)MVarandas was merged into Linx Sistemas on April 1, 2022. (c)STNE Par acquired the remaining shares of Sponte on September 20, 2022. (d)Plugg.to was merged into Linx Sistemas on November 2, 2022. (e)Mercadapp was merged into Linx Sistemas on January 1, 2022. (f)STNE Par has a 50% equity in Questor and, on August 31, 2022, Questor acquired a 75.60% equity interest in Hubcount Tecnologia S.A. ("Hubcount"). (g)On October 18, 2022, the Group lost control of its subsidiary StoneCo CI and Creditinfo after a capital contribution by a new investor. The remaining interest of 47.75% held by the Group on Creditinfo is classified as an investment in an associate according to IAS 28. As result of the loss of control, in accordance with IFRS 10, the Group derecognized the assets and liabilities of Creditinfo. Additionally, the Group measured the remaining interest in Creditinfo at fair value, which resulted in a loss of R$8,584 recorded in the statement of profit or loss attributable to the Group as Other income (expenses), net. (h)Collact was merged into Stone Pagamentos on January 1, 2022. (i)On October 26, 2022, the Group created a new company, with the objective of holding equity interests in institutions authorized to operate by the Central Bank of Brazil (“BACEN”).
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| Summary of associates |
(a)On July 2, 2021, our subsidiary Linx Sistemas signed an agreement to acquire an equity interest of 40% of the shares of Neostore Desenvolvimento de Programas de Computador SA (“Neomode”), through the execution of an Investment Agreement with the shareholders of Neomode. The acquisition was conditioned to Brazilian Antitrust Authority (“CADE”) approval, which occurred on November 19, 2021. The Group concluded the acquisition on January 7, 2022, through a capital increase of R$6,083 and loans conversion of R$875, totalizing a transferred consideration of R$6,958. (b)On May 2, 2022, the Group acquired a 20% equity interest in RH Software, a private company based in the State of São Paulo, Brazil, for R$2,320 through a loan agreement conversion. RH Software develops software directed to dental clinics, with which the Company expects to obtain synergies in its services to clients. The Group also holds a call option to acquire an additional equity interest in the period from 2 to 3 years counted from the date of closing of the agreement, which will allow the Group to acquire an additional 30% equity interest in RH Software.
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| Summary of cash and cash equivalents |
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Financial instruments (Tables) |
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| Disclosure of detailed information about financial instruments [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Short-term Investments of financial instruments | Short and Long-term investments
(a)Comprised of Brazilian Treasury Notes (“LFTs”), structured notes linked to LFTs and corporate bonds in the amount of R$923,098, R$2,159,938 and R$369,082 (2021 – R$344,032, R$1,336,344 and R$301,794) respectively, with maturities greater than three months, indexed to fixed and floating rates. As of December 31, 2022, bonds of listed companies are mainly indexed to fixed rates in USD and hedged to Brazilian reais using Non Deliverable Forwards (NDFs). (b)Comprised of ordinary shares of listed and unlisted entities. These assets are measured at fair value, and the Group elected asset by asset the recognition of the changes in fair value of the existing listed and unlisted equity instruments through profit or loss (“FVPL”) or other comprehensive income (“FVOCI”). Fair value of unlisted equity instruments as of December 31, 2022, was determined based on negotiations of the securities. •Assets at FVPL Comprised of Banco Inter S.A. (“Banco Inter”)´s shares, acquired on June, 2021. The change in fair value of equity securities at FVPL for December 31, 2022 was a loss of R$853,056 (December 31, 2021 was a loss of R$1,264,213). which was recognized in the statement of profit or loss. •Assets as FVOCI On December 31, 2022 and 2021, comprised mainly of ordinary shares in entities that are not traded in an active market. The change in fair value of equity securities at FVOCI for the year ended December 31, 2022 was R$ (6,971) (December 31, 2021 – R$ 216,466), which was recognized in other comprehensive income. (c)Comprised of foreign investment fund shares. Short-term investments are denominated in Brazilian reais and U.S. dollars.
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| Schedule of composition of accounts receivable from card issuers | Accounts receivable are amounts due from card issuers and acquirers regarding the transactions of clients with card holders, performed in the ordinary course of business.
(a)Accounts receivable from card issuers, net of interchange fees, as a result of processing transactions with clients. (b)Accounts receivable from other acquirers related to PSP (Payment Service Provider) transactions.
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| Schedule of allowance for expected credit losses of accounts receivable from card issuers | Allowance for expected credit losses of accounts receivable from card issuers
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| Schedule of composition of trade accounts receivable | Trade accounts receivables are amounts due from clients mainly related to subscription services and equipment rental.
The Group records an allowance for expected credit losses of trade accounts receivable based on an expected credit loss model covering history of defaults and the expected nature and level of risk associated with receivables. See Notes 6.1.1.5 and 6.2.1.2 for further details. 6.5.2. Allowance for expected credit losses of trade accounts receivable
(a)Refers to Linx acquisition (Note 21.4).
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| Schedule of Loans and Financing | Composition of loans and financing and obligations to FIDC quota holders
(*) “CDI Rate” means the Brazilian interbank deposit (Certificado de Depósito Interbancário) rate, which is an average of interbank overnight rates in Brazil, the average rate of 2022 was 12.38% (2021 – 4.42%).
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| Schedule of changes in loans and financing and obligations to FIDC quota holders | Changes in loans and financing and obligations to FIDC quota holders
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| Schedule of Derivative financial instruments, net | Derivative financial instruments, net
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| Schedule of hedge accounting of financial instruments | The details of the cross-currency swaps and the position of asset, liability and equity as of December 31, 2022, are presented as follows.
(a)Recognized in the statement of profit or loss, in “Financial expenses, net”. The amount recognized in 2021 was a gain of R$ 255,346 (b)Recognized in equity, in “Other comprehensive income”. The balance in the cash flow hedge reserve as of December 31, 2022 is a loss of R$ 261,366 (2021 - loss of R$ 54,144).
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| Schedule of Risk Assessment, Value-at-Risk and Scenario Analysis | The Group conducts a study on how market variables would impact the group’s financial statements based on Historical Value at Risk models.
(a)The Group holds equity stakes of Banco Inter S.A. (B3: BIDI3; BIDI4; BIDI11). The VaR figures are calculated based on historical data and are suited to estimate the potential financial loss incurred by the company using a level of confidence of 95% on normal market conditions.
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| Schedule of liquidity risk of financial instruments | The amounts disclosed in the table are the contractual undiscounted cash flows.
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| Disclosure of financial instruments by category | Financial instruments by category
(a)Derivative financial instruments as of December 31, 2022 of R$190,902) (December 31, 2021 – R$201,202) were designated as cash flow hedging instruments, and therefore the effective portion of the hedge is accounted for in the OCI.
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| Schedule of Class Between Book Value And Fair Value Of The Financial Instruments (Details) | The table below presents a comparison by class between book value and fair value of the financial instruments of the Group, other than those with carrying amounts that are reasonable approximations of fair values:
(a)Listed securities are classified as level I and unlisted securities classified as level II, for those the fair value is determined using valuation techniques, which employ the use of market observable inputs. (b)For Accounts receivable from card issuers measured at FVOCI, fair value is estimated by discounting future cash flows using market rates for similar items. For those measured at amortized cost, carrying values are assumed to approximate their fair values, taking into consideration that the realization of these balances and short settlement terms. (c)The carrying values of Trade accounts receivable, Receivables from related parties, Other assets, Trade accounts payable and Other liabilities are assumed to approximate their fair values, taking into consideration that the realization of these balances, and settlement terms do not exceed 60 days. (d)Included in Trade accounts receivable there are Loans designated at FVPL with an amount of R$ 26,866 . As of December 31, 2022, this portfolio registered a gain of R$7,902 (loss of R$381,430 - December 31, 2021), and total net cashflow effect was an inflow of R$ 496,600 (R$754,015 - December 31, 2021). Loans fair value are valued using valuation techniques, which employ the use of market unobservable inputs, and therefore is classified as level III in the hierarchy level.
The significant unobservable inputs used in the fair value measurement of Loans designated at FVPL categorized within Level III of the fair value hierarchy, are the expected loss rate and the discount rate used to evaluate the asset. To calculate expected loss rate, the Company considers a list of assumptions, the main being: an individual projection of client’s transactions, the probability of each contract to default and scenarios of recovery. These main inputs are periodically reviewed, or when there is an event that may affect the probabilities and curves applied to the portfolio. In determining the discount rate, we consider that the rate should be a current rate commensurate with the nature of the loan portfolio and the valuation method used. When rates for actual recent transactions are available and appropriate to reflect the interest rate as of the measurement date, we consider those rates. When such rates are not available, we also obtain non-binding quotes. Based on all available information we make a judgment as to the rate to be used. In prior periods we used the interest rate that we paid to senior holders of FIDCs on recent transactions. Considering we did not raise funding through FIDCs since February 2021 and the changes observed in the benchmark interest rate in Brazil and in the credit markets we currently build an interest rate curve for unsecured loans granted to us based on recent loans obtained and in quotes from financial institutions. The Group has performed sensitivity analysis considering an increase of 100 basis points in discount rate combined with a decrease of 15% in recovery curve. The result of the combined effect of both changes was a decrease of Loans designated at FVPL in the total amount of R$ 2,301. (e)Sovereign bonds are priced using quotations from Anbima public pricing method. (f)The Group enters into derivative financial instruments with financial institutions with investment grade credit ratings. Derivative financial instruments are valued using valuation techniques, which employ the use of market observable inputs. (g)The fair value of deposits from banking customers is assumed to approximate their amortized cost considering the immediate liquidity due to costumers’ payment account deposits. (h)The fair values of Loans and financing, and Obligations to FIDC quota holders are estimated by discounting future contractual cash flows at the interest rates available in the market that are available to the Group for similar financial instruments. (i)The fair value of Accounts payable to clients is estimated by discounting future contractual cash flows at the average of interest rates applicable in prepayment business. (j)There are contingent considerations included in Other liabilities arising on business combinations that are measured at FVPL. Fair values are estimated in accordance with pre-determined formulas explicit in the contracts with selling shareholders. The significant unobservable inputs used in the fair value measurement of contingent consideration categorized within Level III of the fair value hierarchy are based on projections of revenue, net debt, number of clients, net margin and the discount rates used to evaluate the liability. The movement and balance of the contingent consideration are as follows:
The Group has performed sensitivity analysis of contingent consideration considering an increase of 10% and a decrease of 10% in projections of revenue and EBITDA. The result would be an increase of this liability in the amount of R$ 50,425 considering increase in unobservable inputs and a decrease of this liability in the amount of R$ 49,940 considering decrease in unobservable inputs. (k)The Group issued put options over Reclame Aqui’s non-controlling interests, together with business combination (Note 21.3). The Company does not have a present ownership interest in the shares held by non-controlling shareholders, so the Group has elected as accounting policy for such put options to derecognize the non-controlling interests at each reporting date as if it was acquired at that date and recognize a financial liability at the present value of the amount payable on exercise of the non-controlling interests put option. The difference between the amount recognized as financial liability and the non-controlling interests derecognized at each period is recognized as an equity transaction. The amount of R$ 264,291 was recorded in the consolidated statement of financial position as of December 31, 2022 as a financial liability under Other liabilities (2021 - nil). As of December 31, 2022 and December 31, 2021, there were no transfers between the fair value measurements of Level I and Level II and between the fair value measurements of Level II and Level III.
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| Schedule of Adjusted Net Cash (Details) | The adjusted net cash as of December 31, 2022 and 2021 was as follows:
(a)Refers to economic hedge of cash and cash equivalents and short-term investments denominated in U.S. dollars; (b)Loans and financing exclude the effects of leases liabilities recognized under IFRS 16. Although capital is managed considering the consolidated position, the subsidiaries Stone Pagamentos and Stone SCD maintain a minimum equity. Stone Pagamentos Stone Pagamentos must permanently maintain minimum equity in an amount corresponding to specific volume of transactions executed by it or the balance of electronic currencies issued by the institution, following the requirements of Circular BCB nº 3,681/13, which is valid until June 30, 2023. As from July 1, 2023, Circular BCB nº 3,681/13 will be replaced by several rules, which are aligned with the regulatory requirements pursuant to the Basel Accords. Under new regulation, minimum required capital is calculated based on risk weighted assets. On December 31, 2022 Stone Pagamentos equity is R$1,273,363, which is higher than the required equity of R$615,181. Stone SCD Stone SCD is classified as S5 Segment under BACEN rules, for which simpler rules of capital requirements apply. Stone SCD must permanently maintain minimum equity in an amount corresponding to 17% of its risk weighted assets, following the requirements of Resolução CMN nº 4,606/17. On December 31, 2022 Stone SCD equity is R$693,091, which is higher than the required equity of R$112,119.
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Recoverable taxes (Tables) |
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| Recoverable Taxes [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Recoverable Taxes |
(a)Refers to income taxes withheld on financial income which will be offset against future income tax payable. (b)Refers to credits taken on contributions on gross revenue for social integration program (PIS) and social security (COFINS) to be offset in the following period against tax payables.
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Income taxes (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of temporary difference, unused tax losses and unused tax credits [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Reconciliation of Income Tax Expense to Profit (Loss) | The following is a reconciliation of income tax expense to profit (loss) for the year, calculated by applying the combined Brazilian statutory rates at 34% for the years ended December 31, 2022, 2021 and 2020:
|
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| Schedule of Net Changes in Deferred Income Taxes |
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Property and equipment (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, plant and equipment [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Estimated Useful Lives of Property, Plant and Equipment | The estimated useful lives for the Property and equipment are as follows:
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| Summary of Property and Equipment | Changes in Property and equipment
(a)Includes Pin Pad & POS derecognized for not being used by customers after a period of time.
|
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| Summary of Depreciation and Amortization Expenses | Depreciation and amortization expense has been charged in the following line items of the consolidated statement of profit or loss:
|
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Intangible assets (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of detailed information about intangible assets [text block] | The useful lives for the intangible assets are presented below:
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| Summary of Intangible Assets |
(a) As of December 31, 2022, the amount of R$ 214,728 refers to indefinite useful-life Trademarks and patents.
(a) As of December 31, 2021, the amount of R$ 202,140 refers to indefinite useful-life Trademarks and patents.
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| Summary of CGU's | :
(a) Despite being separate CGU’s, TAG and Cappta have no goodwill or and / or indefinite useful-life intangible assets. (b) The amount of goodwill reflects the final purchase-price allocation of Reclame Aqui, concluded in December 31,2022.
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Taxes payable (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Taxes payable [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Taxes Payable |
(a)Some revenues in investment funds only pay income tax when redemption occurs. Under this condition, on December 31, 2022 there are R$208,939 (R$95,511 on December 31, 2021) recorded as income tax on the accrual basis. The expense for current income tax is recognized in the statement of profit or loss under "Income tax and social contribution" against tax payable. For some entities in the Group, advances for the payment of income tax expense are recognized during the tax year and are recognized as an asset under Recoverable taxes (Note 7). (b)PIS and COFINS are measured based on the revenues of the Brazilian entities of the Group. This tax expense is recognized as a deduction to gross revenue. (c)ISS is recognized as a deductions to gross revenue against tax liabilities, as the Group acts as agent collecting these taxes on behalf of municipal governments. (d)Amount relative to PIS, COFINS, IRPJ and CSLL, withheld from suppliers and paid by the Group on their behalf. These amounts are recognized as a tax liability, with no impact to the statement of profit or loss.
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Loans and financing and Obligations to FIDC quota holders (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of detailed information about borrowings [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Loans and Financing | Composition of loans and financing and obligations to FIDC quota holders
(*) “CDI Rate” means the Brazilian interbank deposit (Certificado de Depósito Interbancário) rate, which is an average of interbank overnight rates in Brazil, the average rate of 2022 was 12.38% (2021 – 4.42%).
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Transactions with related parties (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Disclosure of transactions between related parties [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Transactions were Carried Out with Related Parties | The following transactions were carried out with related parties:
(a)Related to services provided to Trinks. (b)Related to consulting and management services with Genova Consultoria e Participações Ltda., Travel services reimbursed to Zurich Consultoria e Participações Ltda and VCK Investment Fund. (c)Related mainly to expenses paid to Trinks Serviços de Internet, RH Software and APP Sistemas for consulting services, marketing expenses and sales commissions and software license to new customers acquisition.
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| Summary of Balances Outstanding at the End of Reporting Period | The following balances are outstanding at the end of the reporting period in relation to transactions with related parties:
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| Summary of Compensation Expense | For the years ended December 31, 2022 and 2021, compensation expense was as follows:
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Provision for contingencies (Tables) |
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Dec. 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provisions [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule Of Nature And Movement Of The Liabilities | The amount, nature and the movement of the liabilities is summarized as follows:
(a) Under business combination rules, the Group recognized a provision for tax treatments adopted when calculating income tax and social contribution on net income. The provision recorded as of December 31, 2022 regarding tax matters on business acquired from Linx Sistemas represents R$92,206 (R$82,012 on December 31, 2021).
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| Schedule of Nature of Liabilities | The Group has the following civil, labor and tax litigation involving risks of loss assessed by management as possible, based on the evaluation of the legal advisors, for which no provision was recognized:
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Equity (Tables) |
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Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Issuances and Repurchases of Shares | Below are the movements in the quantity of shares during 2022 and 2021:
(a)The Company delivered 226,691 RSUs, through the issuance of shares. Additionally, 115,660 Class A common shares were issued to our founder shareholders, as anti-dilutive shares.
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| Detailed information about incentive shares [Text Block] | Incentive Shares are subject to a 10 year lock-up period, after that the shares are free and clear for transfer. If a participant ceases employment for any reason before the end of the 10 years lock-up period, the Company have the right (but not the obligation) to acquire the shares for the price originally paid by the participant less an applicable discount, and paying in a monthly basis according with the time remaining to end of the Lock-up period, as presented below.
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Earnings (loss) per share (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings per share [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of Determining the Numerator of Basic EPS | In determining the numerator of basic EPS, earnings attributable to the Group is allocated as follows:
As of December 31, 2022, the shares of a non-compete agreement signed with the Linx founders selling shareholders were adjusted to basic and diluted EPS calculation, shares that will be delivered in annual installments until 2026. As of December 31, 2022, the Group used Treasury shares in the acquisition of Reclame Aqui, which were adjusted to basic and diluted EPS calculation since the acquisition date. As of December 31, 2021, the shares issued in connection with the acquisition of non-controlling interest in PDCA were adjusted to basic and diluted EPS calculation since the acquisition date. The following table contains the earnings per share of the Group for the years ended December 31, 2022, 2021 and 2020 (in thousands except share and per share amounts):
(a)Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding, considering potentially convertible instruments. However, due to the loss for the year ended December 31, 2022 and 2021, these instruments issued have a non-diluting effect, therefore, they were not considered in the total number of outstanding shares to determine the diluted loss per share.
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Total revenue and income (Tables) |
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| Revenue [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Sales Revenues Subject to Taxes and Contributions | Sales revenues in Brazil are subject to taxes and contributions, at the following statutory rates:
(a)PIS and COFINS are contributions levied by the Brazilian Federal government on gross revenues. These amounts are invoiced to and collected from the Group’s customers and recognized as deductions to gross revenue (Note 16.3) against tax liabilities, as we are acting as tax withholding agents on behalf of the tax authorities. PIS and COFINS paid on certain purchases may be claimed back as tax credits to offset PIS and COFINS payable. These amounts are recognized as Recoverable taxes (Note 7) and are offset on a monthly basis against Taxes payable (Note 11) and presented net, as the amounts are due to the same tax authority. (b)ISS is a tax levied by municipalities on revenues from the provision of services. ISS tax is added to amounts invoiced to the Group’s customers for the services the Group renders. These are recognized as deductions to gross revenue (Note 16.3 ) against tax liabilities, as the Group acts as agent collecting these taxes on behalf of municipal governments. The rates may vary from 2.00% to 5.00%. The ISS stated in the table is applicable to the city of São Paulo and refers to the rate most commonly levied on the Group’s operations. (c)INSS is a social security charge levied on wages paid to employees. The subsidiaries Linx Sistemas, Equals, Hiper, Cappta, Vitta Tecnologia em Saúde S.A. and Questor pay INSS at a rate of 4.50% on gross revenue due to the benefits this regime offers compared with social security tax on payroll.
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| Timing of revenue recognition |
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Expenses by nature (Tables) |
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| Expenses by nature [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of expenses by nature |
(a)Financial expenses include discounts on the sale of receivables, interest expense on borrowings, interest to fund FIDC quota holders, foreign currency exchange variances, net and the cost of derivatives covering interest and foreign exchange exposure. (b)Transaction and client services costs include card transaction capturing services, card transaction and settlement processing services, logistics costs, payment scheme fees, cloud services and other costs. (c)Marketing expenses and sales commissions relate to marketing and advertising expenses, and commissions paid to sales related partnerships.
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Employee benefits (Tables) |
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Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Classes of employee benefits expense [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Employee benefits expenses |
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| Share-based payment plans |
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| Information about share-based payment plans | The restricted shares have the following summarized information (amounts in R$):
1 Determined based on the fair value of the equity instruments granted and the exchange rate, both at the grant date. 2 All performance conditions related with this grant were already satisfied.
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| Performance share units | The performance shares have the following summarized information (amounts in R$):
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| Information about Options | The stock options have the following summarized information (amounts in R$):
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| Labor and social security liabilities |
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Transactions with non-controlling interests (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non Controlling Interests [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Effects of Transactions With Non-controlling Interests on Equity Attributable to Owners of Parent | The main effects of transactions with non-controlling interests on the equity attributable to the owners of the parent are comprised of:
(a)On January 28, 2021, the Group fully acquired the non-controlling interest in PDCA held by Bellver Fundo de Investimento Multimercado Crédito Privado Investimento no Exterior (“Bellver”). The transaction was made by a purchase and sale of shares, where Bellver agreed to acquire 1,313,066 STNE Participações S.A. shares by a payment being part in cash in the amount of R$230,500 and part by the delivering of their PDCA shares. The number of STNE Participações S.A. shares delivered to Bellver was based on STNE Participações S.A. volume-weighted average trading price of the 30 days preceding the signing of a memorandum of understanding (“MOU”) between the parties on December 8th, 2020. (b)On June 28, 2021, the Group sold all of the 4,205,115 Linked Gourmet’s shares held by it, representing 58.10% of the total and voting capital, for the total price of R$1, thus withdrawing from Linked Gourmet’s shareholders. The amount of R$1,219 refers to the 41.9% held by non-controlling shareholders. (c)Arising from the business combination among the Group and: SimplesVet – R$12,424, VHSYS – R$19,858, Questor – R$8,233, Sponte – R$1,765, Creditinfo Caribbean - R$5,505 and MLabs – R$2,465. (d)On October 18, 2022, the Group lost control of its subsidiary StoneCo CI and Creditinfo after a capital contribution by a new investor. The remaining interest of 47.75% held by the Group on Creditinfo is classified as an investment in an associate according to IAS 28. As result of the loss of control, in accordance with IFRS 10, the Group derecognized the assets and liabilities of Creditinfo. The amount of R$20,928 refers to shares held by non-controlling shareholders. On September 20, 2022, the STNE PAR fully acquired the non-controlling interest held by Sponte. The amount of R$2,829 refers to shares held by non-controlling shareholders. (e)Arising from the business combination Reclame Aqui and Hubcount.
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Other disclosures on cash flows (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Other disclosures on cash flows [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Other Disclosures on Cash Flows | 20.1. Non-cash operating activities
20.2. Non-cash investing activities
20.3. Non-cash financing activities
20.4. Property and equipment, and intangible assets
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Business combinations (Tables) |
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| Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Business Combinations | Financial position of the businesses acquired The net assets acquired, at fair value, on the date of the business combination, and the goodwill amount originated in the transaction are presented below.
(a)Identification and measurement of assets acquired, liabilities assumed, consideration transferred, and goodwill are final. (b)Identification and measurement of assets acquired, liabilities assumed, consideration transferred, and goodwill are preliminary. (c)The Group carried out a preliminary or final fair value assessment of the assets acquired in the business combination, as specified in the items (a) and (b) above, having identified customer relationship, software, and trademark and patents as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.3.3. The net assets acquired, at fair value, on the date of the business combination, and the goodwill amount originated in the transaction considering the preliminary and the final assessments are presented below. 21.4.1.1. SimplesVet
(a)The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship, and software as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b)The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by SimplesVet. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the first quarter of 2022, the valuation was completed. 21.4.1.2. VHSYS
(a)The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship, and software as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b)The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by VHSYS. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the first quarter of 2022, the valuation was completed. 21.4.1.3. Linx
(a)The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship, software, trademarks and patents, and non-compete agreement as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b)The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by Linx. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the second quarter of 2022, the valuation was completed. 21.4.1.4. Trampolin
(a)The Group carried out a fair value assessment of the assets acquired in the business combination, having identified software as intangible asset. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b)The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by Trampolin. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the third quarter of 2022, the valuation was completed. 21.4.1.5. Collact
(a)The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship and software as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2 (b)The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by Collact. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the third quarter of 2022, the valuation was completed.
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| Costumer relationship [Table Text Block] |
(a)Useful lives were estimated based on internal benchmarks. (b)Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk.
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| Detailed information about software [Text Block] |
(*) Multi-Period Excess Earnings Method (“MEEM”) (a)Useful lives were estimated based on internal benchmarks. (b)Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk.
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| Detailed information about trademark and patents [Text Block] |
(*) Multi-Period Excess Earnings Method (“MEEM”) (a)Useful lives were estimated based on internal benchmarks. (b)Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk.
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| Consideration paid on business combination [Text Block] | The consideration paid in the preliminary assessments is presented as follows.
(a)The Group used Treasury shares to pay some of the selling shareholders and some of the Capital increase in Reclame Aqui (see note 14.3), The fair value of the treasury shares delivered to selling shareholders and used as capital increase were R$113,779 and R$56,085, respectively, totaling R$169,864. The treasury shares used as capital increase in Reclame Aqui were subsequently sold by the investee for R$53,406. (b)The Group has elected to measure the non-controlling interests in the acquiree using the present ownership instruments’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. (c)The Group has a call option to acquire the remaining equity interest to hold 100% of Reclame Aqui, which can be exercised between January 1, 2027 and June 30, 2027. The option has been measured in accordance with pre-determined formulas and was recorded in the consolidated statement of financial position as Derivative financial instruments. R$16,200 represents the final amount on acquisition date. This value is periodically remeasured, which may result in an increase or decrease of the estimate, and as of June 30, 2022 this option is included in the amount of R$23,983 mentioned in Note 6.8. (d)Reclame Aqui contingent consideration will be paid to the selling shareholders in two periods – after the closing of the 2023 (1st period) and 2025 (2nd period) fiscal years, the amount is based on predetermined formulas which consider mainly the net revenue of Reclame Aqui at the end of 2023 and 2025. Plugg.to contingent consideration will be paid to the selling shareholders after the closing of the 2023 for financial metrics and 2024 for operational metrics. Contingent consideration for the acquisition of Hubcount is being evaluated.
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| Total Revenue and Net Income on a Pro-Forma Basis | The combined statement of profit or loss from the acquisition date through December 31, 2022 for all companies acquired in 2022, is presented below:
Total revenue and net income for the Group is presented below on a pro-forma basis assuming the acquisitions occurred at the beginning of the year of each acquisition:
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| Schedule of Intangible Assets | The assumptions adopted to measure the fair value of intangible assets identified in the business combination are described below. 21.4.2.1. Customer relationship
(*) Multi-Period Excess Earnings Method (“MEEM”) (a)Useful lives were estimated based on internal benchmarks. In the case of Linx useful life considers the observed behavior of Linx customers who historically present a very low level of churn. The asset was measured for each of the Linx subsidiaries and for this reason the useful life is variable. (b)Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.4.2.2. Software
(a)Useful lives were estimated based on internal benchmarks. The asset was measured for each of the Linx subsidiaries and for this reason the useful life is variable. (b)Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.4.2.3. Trademark and patents
(a)Useful lives were estimated based on internal benchmarks. (b)Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.4.2.4. Non-compete agreement
(a)Useful lives were estimated based on non-compete agreement terms. (b)Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk.
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| Schedule of Fair Value of Consideration Paid | The consideration paid on business combination is composed by the sum of the following values, if any: (i) consideration transferred, (ii) non-controlling interest in the acquiree and (iii) fair value of the acquirer’s previously held equity interest in the acquiree. The consideration paid in the preliminary and the final assessments is presented as follows. 21.4.3.1. SimplesVet
(a)The Group has elected to measure the non-controlling interests in the acquiree using the present ownership instruments’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. (b)The final amount of contingent consideration was evaluated for the acquisition date based on predetermined formulas mainly considering the amount of revenue and profitability that the acquired company will have at the end of 2022 in different expected scenarios. 21.4.3.2. VHSYS
(a)Refers to the acquiree’s shares previously acquired from the selling shareholders. As a result of the acquisition of VHSYS in steps, the Group recognized a gain of R$12,010 in 2021 by the difference between the previously held 33.33% interest in VHSYS, at fair value, in the amount of R$24,064, and its carrying amount, of R$12,054. (b)The Group has elected to measure the non-controlling interests in the acquiree using the present ownership instruments’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. 21.4.3.3. Linx
(a)Refers to the acquiree’s shares previously acquired in stock market or from the selling shareholders. (b)Refers to share-based payments that may be paid in the next months and to a non-compete agreement signed with the Linx founders selling shareholders. 21.4.3.4. Trampolin
(a)The final amount of contingent consideration was evaluated for the acquisition date based on predetermined formulas mainly considering the amount of revenue and profitability that the acquired company will have at the end of 2022 in different expected scenarios. 21.4.3.5. Collact
(a)Refers to the acquiree’s shares previously acquired in stock market or from the selling shareholders. As a result of the step acquisition of Collact, the Group recognized a gain of R$3,838 by the difference between the previously held 25% interest in Collact, at fair value, in the amount of R$3,529, and its carrying amount, of (R$309). (b)The final amount of contingent consideration was evaluated for the acquisition date based on predetermined formulas mainly considering the amount of revenue and profitability that the acquired company will have at the end of 2022 in different expected scenarios.
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Segment information (Tables) |
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| Operating Segments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income statement and balance sheet position for operating segments |
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| Disclosure of reconciliation of segment adjusted net income loss |
(a)Related to acquisitions. Consists of expenses resulting from the changes of the fair value adjustments as a result of the application of the acquisition method. (b)Consists of expenses related to the vesting of one-time pre-IPO pool of share-based compensation as well as non-recurring long term incentive plans. (c)Consists of the fair value adjustment related to associates call option, M&A and Bond issuance expenses, earn-out interests related to acquisitions, gains/losses in the sale of companies, dividends from Linx and organizational restructuring expenses..
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Significant Accounting Policies - Additional Information (Details) - BRL (R$) R$ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Disclosure of significant accounting policies [line items] | ||
| Prepaid expenses | R$ 129,256 | R$ 169,555 |
| Leases of low-value assets | 5,000 | |
| Globo Group | ||
| Disclosure of significant accounting policies [line items] | ||
| Prepaid expenses | R$ 163,065 | R$ 294,953 |
| Short-term lease agreement. | 12 months |
Significant Accounting Policies - Schedule of Classification of Financial Assets Under IFRS9 (Detail) - BRL (R$) R$ in Thousands |
Dec. 31, 2022 |
Dec. 31, 2021 |
|---|---|---|
| Disclosure of detailed information about financial instruments [line items] | ||
| Accounts receivable from card issuers | R$ 20,694,523 | R$ 19,286,590 |
| Current trade receivables | 484,722 | 886,126 |
| Other assets | 236,099 | 332,864 |
| Short-term investments | 3,453,772 | 1,993,037 |
| Total assets | 42,245,440 | 42,097,012 |
| Accounts payable to clients | 16,614,513 | 15,726,502 |
| Trade accounts payable | 596,044 | 372,547 |
| Loans and financing | 1,847,407 | 2,578,755 |
| Obligations to FIDC quota holders | 975,248 | 2,227,174 |
| Other liabilities | 145,605 | 145,501 |
| Total liabilities | R$ 29,295,416 | R$ 28,469,792 |
Significant Accounting Policies - Summary of Initial Adoption of IFRS 9 (Detail) - BRL (R$) R$ in Thousands |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|---|---|---|---|
| Disclosure Of Initial Adoption IFRS 9 [line items] | |||
| Beginning balance | R$ 13,627,220 | R$ 14,992,025 | R$ 5,973,005 |
| Ending balance | 12,950,024 | 13,627,220 | 14,992,025 |
| Retained earnings | |||
| Disclosure Of Initial Adoption IFRS 9 [line items] | |||
| Beginning balance | 96,214 | 1,455,027 | 600,956 |
| Ending balance | (423,203) | 96,214 | 1,455,027 |
| Total | |||
| Disclosure Of Initial Adoption IFRS 9 [line items] | |||
| Beginning balance | 13,536,446 | 14,853,462 | 5,972,379 |
| Ending balance | 12,893,906 | 13,536,446 | 14,853,462 |
| Non-controlling interests | |||
| Disclosure Of Initial Adoption IFRS 9 [line items] | |||
| Beginning balance | 90,774 | 138,563 | 626 |
| Ending balance | R$ 56,118 | R$ 90,774 | R$ 138,563 |
Cash and cash equivalents - Summary of Cash and Cash Equivalents (Details) - BRL (R$) R$ in Thousands |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
|---|---|---|---|---|
| Disclosure of cash and cash equivalents [line items] | ||||
| Cash and cash equivalents | R$ 1,512,604 | R$ 4,495,645 | R$ 2,446,990 | R$ 968,342 |
| Denominated in R$ | ||||
| Disclosure of cash and cash equivalents [line items] | ||||
| Cash and cash equivalents | 1,388,616 | 4,431,019 | ||
| Denominated in US$ | ||||
| Disclosure of cash and cash equivalents [line items] | ||||
| Cash and cash equivalents | 123,959 | 64,593 | ||
| Denominated in other foreign currencies | ||||
| Disclosure of cash and cash equivalents [line items] | ||||
| Cash and cash equivalents | R$ 29 | R$ 33 |
Financial Instruments - Narrative (Details) - BRL (R$) R$ in Thousands |
Dec. 31, 2022 |
Dec. 31, 2021 |
|---|---|---|
| Disclosure of detailed information about financial instruments [line items] | ||
| Short-term investments | R$ 3,453,772 | R$ 1,993,037 |
| Long-term investments | 214,765 | 1,238,476 |
| Investments | R$ 3,668,537 | R$ 3,231,513 |
Financial Instruments- Composition of trade accounts receivable (Details) - BRL (R$) R$ in Thousands |
Dec. 31, 2022 |
Dec. 31, 2021 |
|---|---|---|
| Disclosure of Trade receivables [line items] | ||
| Trade receivables | R$ 522,046 | R$ 945,721 |
| Current trade receivables | 484,722 | 886,126 |
| Trade accounts receivable | 37,324 | 59,595 |
| Trade receivables | ||
| Disclosure of Trade receivables [line items] | ||
| Accounts receivable from subscription services | 294,516 | 232,109 |
| Accounts receivable from equipment rental | 135,479 | 159,771 |
| Loans designated at FVPL | 26,866 | 511,240 |
| Chargeback | 58,302 | 26,783 |
| Receivables from registry operation | 35,150 | 41,449 |
| Services rendered | 36,089 | 13,388 |
| Others | 44,078 | 41,399 |
| Allowance for expected credit losses | R$ (108,434) | R$ (80,418) |
Financial Instruments - Allowance for expected credit losses of trade accounts receivable (Details) - BRL (R$) R$ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|
| Disclosure of Trade receivables [line items] | |||
| Allowance for credit losses | R$ 108,434 | R$ 80,418 | R$ 32,463 |
| Business combination | 0 | 10,401 | |
| Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 94,093 | 73,510 | |
| Reversal, allowance account for credit losses of financial assets | 13,181 | 3,876 | |
| Utilisation, allowance account for credit losses of financial assets | R$ 52,896 | R$ 32,080 | |
Financial Instruments - Schedule of Adjusted Net Cash (Details) R$ in Thousands |
Dec. 31, 2022
BRL (R$)
|
|---|---|
| Stone Pagamentos S.A. [member] | |
| Disclosure of detailed information about financial instruments [line items] | |
| Equity of subsidiaries | R$ 1,273,363 |
| Required Equity | 615,181 |
| Stone sociedade de crédito direto sa stone scd [Member] | |
| Disclosure of detailed information about financial instruments [line items] | |
| Equity of subsidiaries | 693,091 |
| Required Equity | R$ 112,119 |
| Minimum equity over risk weighted assets | 17.00% |
Accounts receivable from card issuers - Additional Information (Details) - BRL (R$) R$ in Thousands |
Dec. 31, 2022 |
Dec. 31, 2021 |
|---|---|---|
| Disclosure of Trade receivables [line items] | ||
| Accounts receivable from card issuers | R$ 20,748,857 | R$ 19,286,590 |
| Accounts Receivable From Card Issuers [Member] | ||
| Disclosure of Trade receivables [line items] | ||
| Accounts receivable from card issuers | R$ 20,053,392 | R$ 18,865,658 |
Accounts receivable from card issuers - Summary of Allowance for Expected Credit Losses (Details) - BRL (R$) R$ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Disclosure of Trade receivables [line items] | ||
| Beginning balance | R$ 80,418 | R$ 32,463 |
| Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 94,093 | 73,510 |
| Reversal, allowance account for credit losses of financial assets | (13,181) | (3,876) |
| Ending balance | 108,434 | 80,418 |
| Accounts Receivable From Card Issuers [Member] | ||
| Disclosure of Trade receivables [line items] | ||
| Beginning balance | 15,103 | 12,765 |
| Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 22,818 | 8,820 |
| Reversal, allowance account for credit losses of financial assets | (15,158) | (6,482) |
| Ending balance | R$ 22,763 | R$ 15,103 |
Trade accounts receivables - Movement in the Allowance for Expected Credit Losses of Trade Receivables (Details) - BRL (R$) R$ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Trade and other current receivables [abstract] | ||
| Beginning balance | R$ 80,418 | R$ 32,463 |
| Business combination | 0 | 10,401 |
| Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 94,093 | 73,510 |
| Reversal, allowance account for credit losses of financial assets | (13,181) | (3,876) |
| Utilisation, allowance account for credit losses of financial assets | (52,896) | (32,080) |
| Ending balance | R$ 108,434 | R$ 80,418 |
Recoverable taxes (Details) - BRL (R$) R$ in Thousands |
Dec. 31, 2022 |
Dec. 31, 2021 |
|---|---|---|
| Recoverable Taxes [abstract] | ||
| Withholding income tax on finance income | R$ 87,701 | R$ 85,942 |
| Income tax and social contribution | (9,872) | (65,773) |
| Others withholding income tax | 36,212 | 30,454 |
| Contributions over revenue | 3,410 | 24,076 |
| Other Taxes | (13,761) | (8,592) |
| Recoverable taxes | R$ 150,956 | R$ 214,837 |
Income taxes - Additional Information (Details) - BRL (R$) R$ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|
| Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates [line items] | |||
| Brazilian statutory rate | 34.00% | 34.00% | 34.00% |
| Federal Tax Authorities Of Cayman [Member] | |||
| Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates [line items] | |||
| Brazilian statutory rate | 15.00% | ||
| Federal tax authorities of Brazil | |||
| Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates [line items] | |||
| Brazilian statutory rate | 34.00% | ||
| Other subsidiaries | |||
| Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates [line items] | |||
| Accumulated tax loss carryforwards | R$ 144,529 | R$ 104,920 | |
Property and equipment - Summary of Depreciation and Amortization Expenses (Details) - BRL (R$) R$ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|
| Property, plant and equipment [abstract] | |||
| Cost of services | R$ 529,793 | R$ 299,240 | R$ 162,202 |
| General and administrative expenses | 226,353 | 161,331 | 59,593 |
| Selling expenses | 43,879 | 46,798 | 34,499 |
| Other income or expenses, net | 301 | 0 | 0 |
| Depreciation and Amortization charges | 800,326 | 507,369 | 256,294 |
| Depreciation charge | 513,413 | 310,630 | 185,335 |
| Amortization charge | R$ 286,913 | R$ 196,739 | R$ 70,959 |
Property and equipment - Additional Information (Details) - Pin pads and POS [member] |
12 Months Ended |
|---|---|
Dec. 31, 2022 | |
| Disclosure of detailed information about property, plant and equipment [line items] | |
| Useful life measured as period of time, property, plant and equipment | 5 years |
| Top of range | |
| Disclosure of detailed information about property, plant and equipment [line items] | |
| Useful life measured as period of time, property, plant and equipment | 360 days |
| Bottom of range | |
| Disclosure of detailed information about property, plant and equipment [line items] | |
| Useful life measured as period of time, property, plant and equipment | 180 days |
Trade accounts payable - Schedule of Trade Accounts Payable (Details) - BRL (R$) R$ in Thousands |
Dec. 31, 2022 |
Dec. 31, 2021 |
|---|---|---|
| Trade and Other Current Receivables [line items] | ||
| Trade accounts payable | R$ 596,044 | R$ 372,547 |
Taxes payable - Schedule of Taxes Payable (Details) - BRL (R$) R$ in Thousands |
Dec. 31, 2022 |
Dec. 31, 2021 |
|---|---|---|
| Taxes payable [abstract] | ||
| Income tax (IRPJ and CSLL) | R$ 223,764 | R$ 107,014 |
| Contributions over revenue (PIS and COFINS) | 51,065 | 26,392 |
| Withholding income tax | 27,582 | 22,640 |
| Taxes on services (ISS) | 11,702 | 8,449 |
| Withholding taxes from services taken | 6,802 | 6,362 |
| Other taxes and contributions | 8,190 | 5,596 |
| Total taxes payable | R$ 329,105 | R$ 176,453 |
Taxes payable - Schedule of Taxes Payable (Parenthetical) (Details) - BRL (R$) R$ in Thousands |
Dec. 31, 2022 |
Dec. 31, 2021 |
|---|---|---|
| Taxes payable [abstract] | ||
| income tax on the accrual basis | R$ 208,939 | R$ 95,511 |
Transactions with related parties - Summary of Balances Outstanding at the End of Reporting Period (Details) - BRL (R$) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Disclosure of transactions between related parties [line items] | ||
| Receivables from related parties | R$ 10,053,000 | R$ 4,720,000 |
| Allowance for expected credit losses on related parties | R$ 0 | |
| Top of range | ||
| Disclosure of transactions between related parties [line items] | ||
| Loans payable term | 7 years | |
| Loan to key management personnel [member] | ||
| Disclosure of transactions between related parties [line items] | ||
| Receivables from related parties | R$ 6,121,000 | 4,663,000 |
| Convertible Notes [Member] | ||
| Disclosure of transactions between related parties [line items] | ||
| Receivables from related parties | R$ 3,932,000 | R$ 57,000 |
Transactions with related parties - Additional Information (Details) - BRL (R$) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|
| Disclosure of transactions between related parties [line items] | |||
| Purchases of goods, related party transactions | R$ 1,800,000 | R$ 3,090,000 | R$ 18,684,000 |
| Allowance for expected credit losses on related parties | 0 | ||
| Associate (transaction services) | |||
| Disclosure of transactions between related parties [line items] | |||
| Purchases of goods, related party transactions | 1,800,000 | 1,119,000 | R$ 2,032,000 |
| Officers and Directors | Associate (transaction services) | |||
| Disclosure of transactions between related parties [line items] | |||
| Purchases of goods, related party transactions | R$ 86 | R$ 36 | |
| Bottom of range | |||
| Disclosure of transactions between related parties [line items] | |||
| Loans payable term | 3 years | ||
| Top of range | |||
| Disclosure of transactions between related parties [line items] | |||
| Loans payable term | 7 years | ||
Transactions with related parties - Summary of Compensation Expense (Details) - BRL (R$) R$ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Disclosure of transactions between related parties [abstract] | ||
| Key management personnel compensation, short-term employee benefits | R$ 45,169 | R$ 13,621 |
| Share-based payments | 64,038 | 29,332 |
| Key management personnel compensation | R$ 109,207 | R$ 42,953 |
Provision for contingencies - Additional Information (Details) |
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2022
BRL (R$)
|
Dec. 31, 2021
BRL (R$)
|
|
| Disclosure of other provisions [line items] | ||
| Acquisitions through business combinations, other provisions | R$ 171,299,000 | |
| Probable contingent liability | R$ 93,605,000 | |
| Tax assessment issued | 64,309,000 | |
| Judicial deposits | 17,682 | 14,887 |
| Tax Provision [Member] | ||
| Disclosure of other provisions [line items] | ||
| Acquisitions through business combinations, other provisions | 147,773,000 | |
| Annulment of Tax Debits Regarding Tax Assessment | ||
| Disclosure of other provisions [line items] | ||
| Contingent liability | R$ 24,715,000 | 21,934,000 |
| ICMS tax rate | 0.25 | |
| Fine rate | 0.50 | |
| Annulment of Tax Debits Regarding Tax Assessment | Linx S.A. [Member] | ||
| Disclosure of other provisions [line items] | ||
| Contingent liability | R$ 28,130,000 | R$ 27,376,000 |
Equity - Schedule of Incentive shares (Detail) |
12 Months Ended |
|---|---|
Dec. 31, 2022 | |
| Up to 120 | |
| Incentive shares discount rate | 2500.00% |
| Up to 120 | Maximum | |
| Incentive Shares Monthly Installments | 120 |
| Up to 120 | Bottom of range | |
| Time remaining to the end of the lockup period | 7 years |
| Up to 120 | Top of range | |
| Time remaining to the end of the lockup period | 10 years |
| Up to 60 | |
| Incentive shares discount rate | 2000.00% |
| Up to 60 | Maximum | |
| Incentive Shares Monthly Installments | 60 |
| Up to 60 | Bottom of range | |
| Time remaining to the end of the lockup period | 3 years |
| Up to 60 | Top of range | |
| Time remaining to the end of the lockup period | 7 years |
| Up to 36 | |
| Incentive shares discount rate | 1500.00% |
| Up to 36 | Maximum | |
| Incentive Shares Monthly Installments | 36 |
| Up to 36 | Bottom of range | |
| Time remaining to the end of the lockup period | 0 years |
| Up to 36 | Top of range | |
| Time remaining to the end of the lockup period | 3 years |
Earnings (loss) per share - Disclosure of Numerator of Basic EPS Calculation Adjusted to Allocate Undistributed Earnings (Details) - BRL (R$) R$ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|
| Earnings per share [abstract] | |||
| Profit (loss), attributable to owners of parent | R$ (519,417) | R$ (1,358,813) | R$ 854,071 |
| Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating basic earnings per share | R$ (519,417) | R$ (1,358,813) | R$ 854,071 |
Earnings (loss) per share - Disclosure of Earnings (loss) per share (Details) - BRL (R$) R$ / shares in Units, R$ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|
| Earnings per share [abstract] | |||
| Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating basic earnings per share | R$ (519,417) | R$ (1,358,813) | R$ 854,071 |
| Weighted average number of ordinary shares used in calculating basic earnings per share | 311,880,008 | 308,905,398 | 289,289,033 |
| Denominator of basic EPS (in shares) | 311,880,008 | 308,905,398 | 289,289,033 |
| Basic earnings per share (R$ per share) | R$ (1.67) | R$ (4.40) | R$ 2.95 |
| Share-based payments (in shares) | 0 | 0 | 4,448,505 |
| Denominator of diluted EPS (in shares) | 311,880,008 | 308,905,398 | 293,737,538 |
| Diluted earnings per share (R$ per share) | R$ (1.67) | R$ (4.40) | R$ 2.91 |
Revenue from contracts with customers - additional information (Details) - BRL (R$) R$ in Thousands |
Dec. 31, 2022 |
Dec. 31, 2021 |
|---|---|---|
| Accumulated impairment [member] | ||
| Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
| Contract assets | R$ 97,982 | R$ 101,008 |
| Gross carrying amount [member] | ||
| Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
| Contract assets | R$ 199,920 | R$ 215,663 |
Expenses by nature - Summary of Expenses by Nature (Details) - BRL (R$) R$ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|
| Disclosure of attribution of expenses by nature to their function [line items] | |||
| Personnel expenses | R$ 2,508,567 | R$ 1,489,245 | R$ 833,310 |
| Financial expenses, net | 3,514,739 | 1,269,058 | 339,844 |
| Mark-to-market on equity securities designated at FVPL | (853,056) | (1,264,213) | 0 |
| Transaction and client services costs | 1,069,082 | 810,219 | 370,819 |
| Depreciation and amortization | 800,326 | 507,369 | 256,294 |
| Marketing expenses and sales commissions | 632,137 | 420,818 | 149,842 |
| Expenses by nature third parties services | 332,081 | 305,517 | 119,904 |
| Other expenses (c) | 262,658 | 192,439 | 115,211 |
| Total adjusted expenses | R$ 9,972,646 | R$ 6,258,878 | R$ 2,185,224 |
Employee Benefits (Details) - BRL (R$) R$ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|
| Classes of employee benefits expense [abstract] | |||
| Wages and salaries | R$ 1,727,760 | R$ 1,055,959 | R$ 483,600 |
| Social security contributions | 353,789 | 258,488 | 138,960 |
| Profit sharing and annual bonuses | 213,942 | 61,629 | 89,973 |
| Share-based payments | 213,076 | 113,169 | 120,777 |
| Total of employee benefits | R$ 2,508,567 | R$ 1,489,245 | R$ 833,310 |
Labor and social security liabilities - Summary of Labor and social security liabilities (Details) - BRL (R$) R$ in Thousands |
Dec. 31, 2022 |
Dec. 31, 2021 |
|---|---|---|
| Labor and Social Security Liabilities [Abstract] | ||
| Accrued Annual Payment, Charge On Social | R$ 398,891 | R$ 210,957 |
| Labor Liabilities | 105,550 | 95,139 |
| Total labor and social security liabilities | 504,441 | 306,096 |
| Labor and social security liabilities | 468,599 | 273,347 |
| Labor and social security liabilities | R$ 35,842 | R$ 32,749 |
Share-Based Payment - Additional Information (Details) - BRL (R$) R$ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|
| Disclosure of defined benefit plans [table] | |||
| Share-based payments | R$ 213,076 | R$ 113,169 | R$ 120,777 |
| Description of maximum term of equity granted for share-based payment arrangement | ten | ||
| Restricted share units (RSUs) [Member] | |||
| Disclosure of defined benefit plans [table] | |||
| Other income (expenses), net | R$ 187,518 | 100,404 | 120,612 |
| Performance share units (PSUs) [Member] | |||
| Disclosure of defined benefit plans [table] | |||
| Other income (expenses), net | 24,704 | 12,601 | 0 |
| Stock Options [Member] | |||
| Disclosure of defined benefit plans [table] | |||
| Share-based payments | R$ 854 | R$ 165 | R$ 165 |
Business combinations - Schedule of Pro-Form Information (Details) R$ in Thousands |
12 Months Ended |
|---|---|
|
Dec. 31, 2022
BRL (R$)
| |
| Business Combinations [Abstract] | |
| Revenue of combined entity as if combination occurred at beginning of period | R$ 9,600,659 |
| Profit (loss) of combined entity as if combination occurred at beginning of period | R$ (527,979) |
Business combinations - Financial Position of Business Acquired in 2020 (Details) R$ in Thousands |
Dec. 31, 2022
BRL (R$)
|
|---|---|
| Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items] | |
| Cash and cash equivalents | R$ 816 |
| Trade and other receivables recognised as of acquisition date | 10,037 |
| Property and equipment | 1,490 |
| Intangible assets - Customer relationship | 29,053 |
| Intangible asset - Trademarks and patents | 288,964 |
| Intangible asset - Software | 45,361 |
| Other assets | 64,119 |
| Total assets | 449,207 |
| Trade accounts payable | 21,423 |
| Labor and social security liabilities | 3,044 |
| Deferred tax liabilities | 12,318 |
| Other liabilities | 3,241 |
| Total liabilities | 48,207 |
| Net assets and liabilities | 401,000 |
| Consideration paid | 491,817 |
| Goodwill | R$ 90,817 |
Subsequent events (Details) - BRL (R$) R$ / shares in Units, R$ in Thousands |
3 Months Ended | ||||
|---|---|---|---|---|---|
Mar. 31, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
Feb. 17, 2022 |
Jan. 07, 2022 |
|
| Disclosure of non-adjusting events after reporting period [line items] | |||||
| Consideration transferred, acquisition-date fair value | R$ 491,817 | ||||
| Contingent consideration | R$ 39,974 | ||||
| Reclame Aqui | |||||
| Disclosure of non-adjusting events after reporting period [line items] | |||||
| Percentage of equity interest acquired | 50.00% | ||||
| Consideration transferred, acquisition-date fair value | R$ 435,164 | R$ 435,164 | |||
| Contingent consideration | R$ 31,560 | ||||
| Linx Sistemas | |||||
| Disclosure of non-adjusting events after reporting period [line items] | |||||
| Consideration transferred, acquisition-date fair value | R$ 6,958 | ||||
| Banco Inter | |||||
| Disclosure of non-adjusting events after reporting period [line items] | |||||
| Sale of shares in group companies | 16,800,000 | ||||
| Selling price per share | R$ 12.96 | ||||
| Value of the sale of the group's stake in the subsidiary. | R$ 218,000 | ||||
| Percentage of shares sold | 21.50% | ||||
| Label | Element | Value |
|---|---|---|
| Adjusted net cash | stne_AdjustedNetCash | R$ 2,291,485,000 |
| Adjusted net cash | stne_AdjustedNetCash | 3,489,638,000 |
| Current borrowings | ifrs-full_ShorttermBorrowings | 4,375,730,000 |
| Current borrowings | ifrs-full_ShorttermBorrowings | 5,861,760,000 |
| Current derivative financial assets, economic hedges | stne_CurrentDerivativeFinancialAssetsEconomicHedges | 12,418,000 |
| Current derivative financial assets, economic hedges | stne_CurrentDerivativeFinancialAssetsEconomicHedges | 210,280,000 |
| Net debt | ifrs-full_NetDebt | 26,198,884,000 |
| Net debt | ifrs-full_NetDebt | 26,040,541,000 |
| Financial assets from banking solution | stne_FinancialAssetsFromBankingSolution | 3,960,871,000 |
| Financial assets from banking solution | stne_FinancialAssetsFromBankingSolution | 2,346,474,000 |
| Adjusted Cash | stne_AdjustedCash | 29,688,522,000 |
| Adjusted Cash | stne_AdjustedCash | 28,332,026,000 |
| Derivative Financial Instruments [Member] | Level 2 of fair value hierarchy [member] | ||
| Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 36,400,000 |
| Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 219,324,000 |
| Financial assets | ifrs-full_FinancialAssets | 219,324,000 |
| Financial assets | ifrs-full_FinancialAssets | 36,400,000 |
| Short And Long-Term Investments [Member] | Level 1 and 2 of Fair Value Hierarchy [member] | ||
| Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 3,668,537,000 |
| Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 3,231,513,000 |
| Financial assets | ifrs-full_FinancialAssets | 3,231,513,000 |
| Financial assets | ifrs-full_FinancialAssets | 3,668,537,000 |
| Accounts Receivable From Card Issuers [Member] | Level 2 of fair value hierarchy [member] | ||
| Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 19,283,921,000 |
| Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 20,748,668,000 |
| Financial assets | ifrs-full_FinancialAssets | 19,286,590,000 |
| Financial assets | ifrs-full_FinancialAssets | 20,748,857,000 |
| Trade Accounts Receivable [Member] | Level 2 and 3 of fair value hierarchy [member] | ||
| Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 945,721,000 |
| Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 522,046,000 |
| Financial assets | ifrs-full_FinancialAssets | 945,721,000 |
| Financial assets | ifrs-full_FinancialAssets | 522,046,000 |
| Financial assets from banking solution [Member] | Level 1 of fair value hierarchy [member] | ||
| Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 2,346,474,000 |
| Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 3,960,871,000 |
| Financial assets | ifrs-full_FinancialAssets | 3,960,871,000 |
| Financial assets | ifrs-full_FinancialAssets | 2,346,474,000 |
| Receivables From Related Parties [Member] | Level 2 of fair value hierarchy [member] | ||
| Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 4,720,000 |
| Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 10,053,000 |
| Financial assets | ifrs-full_FinancialAssets | 10,053,000 |
| Financial assets | ifrs-full_FinancialAssets | 4,720,000 |
| Other assets [member] | Level 2 of fair value hierarchy [member] | ||
| Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 474,557,000 |
| Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 341,200,000 |
| Financial assets | ifrs-full_FinancialAssets | 474,557,000 |
| Financial assets | ifrs-full_FinancialAssets | R$ 341,200,000 |
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