Joint Stock Company Kaspi.kz Sponsored ADR

KSPI Technology Software Infrastructure

Joint Stock Company Kaspi.kz Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $7.7 billion, up 44.6% from fiscal 2024.

Revenue
+20.7%
EPS
+5.19%
Free cash flow
+73.4%
Total debt
−100.0%

Quarter to June 2026, against a year earlier

92.09 1.30 −1.39%
Market cap
$17.8B
P/E
8.5×
Fwd P/E
6.4×
Dividend yield
—
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Joint Stock Company Kaspi.kz Sponsored ADR (KSPI) Gross margin

Alert me on Gross margin

Joint Stock Company Kaspi.kz Sponsored ADR's gross margin over the twelve months to 30 June 2026 was 76.1%, down 1.5 percentage points from fiscal 2025 (77.5%). That is above the Software Infrastructure industry median of 59.2% and above the Technology sector median of 47.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 77.5% 1.87
FY2024 75.7% 0.65
FY2023 75.0% (3.05)
FY2022 78.1% —

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 74.3% (0.88)
Mar 2026 75.2% (1.98)
Dec 2025 77.2% (0.65)
Sep 2025 77.8% 0.39
7 more quarters

Gross margin against peers

Company Gross margin
CHKP Check Point Software Technologies Ltd. compare 87.5%
NTNX Nutanix compare 86.8%
FFIV F5, Inc. compare 81.9%
RBRK Rubrik, Inc. compare 80.2%
GEN Gen Digital Inc. compare 77.4%
IOT Samsara Inc. compare 76.4%
KSPI Joint Stock Company Kaspi.kz Sponsored ADR 76.1%
GDDY GoDaddy Inc. compare 63.8%
TOST Toast, Inc. compare 26.7%
Software Infrastructure industry median 59.2%
Technology sector median 47.1%
Market median 46.4%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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