Joint Stock Company Kaspi.kz (KSPI) Revenue History
Annual and quarterly revenue from 2019 to 2024
Compound Annual Growth Rate (CAGR)
Loading revenue history...
Revenue Growth Metrics
KSPI Revenue Analysis (2019–2024)
As of February 28, 2026, Joint Stock Company Kaspi.kz (KSPI) generated trailing twelve-month (TTM) revenue of $3.63 trillion, reflecting explosive growth of +70.1% year-over-year. The most recent quarter (Q3 2025) recorded $1.11 trillion in revenue, up 14.5% sequentially.
Looking at the longer-term picture, KSPI's 5-year compound annual growth rate (CAGR) stands at +36.9%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $2.52 trillion in 2024, representing a new all-time high.
When compared to Technology sector peers including XYZ (+0.3% YoY), CPAY (+11.3% YoY), and AFRM (+4.3% YoY), KSPI has outperformed the peer group in terms of revenue growth. Compare KSPI vs XYZ →
Peer Comparison
Compare KSPI's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| KSPICurrent | $3.63T | +70.1% | +36.9% | 50.4% | |
| XYZ | $24.2B | +0.3% | +20.6% | 7.1% | |
| CPAY | $4.0B | +11.3% | +8.5% | 45.0% | |
| AFRM | $3.2B | +4.3% | +44.6% | -2.7% | |
| TOST | $6.2B | +24.1% | +49.5% | 5.0% | |
| WEX | $2.6B | -1.1% | +8.8% | 26.1% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $2.52T | +33.4% | $1.57T | 62.3% | $1.27T | 50.4% |
| 2023 | $1.89T | +48.9% | $1.22T | 64.5% | $998.80B | 52.8% |
| 2022 | $1.27T | +43.3% | $1.17T | 91.8% | $1.05T | 82.8% |
| 2021 | $885.48B | +36.7% | $812.11B | 91.7% | $735.33B | 83.0% |
| 2020 | $647.52B | +23.4% | $448.21B | 69.2% | $317.82B | 49.1% |
| 2019 | $524.58B | - | $350.39B | 66.8% | $239.14B | 45.6% |
See KSPI's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs KSPI Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare KSPI vs NVDA
See how KSPI stacks up against sector leader NVIDIA Corporation.
Start ComparisonFrequently Asked Questions
Is KSPI's revenue growth accelerating or slowing?
KSPI revenue is accelerating at +70.1% year-over-year, exceeding the 5-year CAGR of +36.9%. TTM revenue reached $3.6T. Growth momentum has increased versus prior periods.
What is KSPI's long-term revenue growth rate?
Joint Stock Company Kaspi.kz's 5-year revenue CAGR of +36.9% reflects the sustained expansion pattern. Current YoY growth of +70.1% is above this long-term average.
How is KSPI's revenue distributed by segment?
KSPI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2024 are available for download. Segment mix reveals concentration and diversification trends.