In the earnings release for the second quarter of 2026 (2Q26), B3 (B3SA3) reported recurring net income of R$ 1,376.6 billion, an increase of 8% compared with 2Q25, with recurring earnings per share of R$ 0.28, up 12.3%. Total revenue came to R$ 3,081.4 billion in the period, a 12.2% increase over the same quarter of 2025, while net revenue was R$ 2,765.7 billion.
Recurring EBITDA (earnings before interest, taxes, depreciation and amortization) reached R$ 1,938.6 billion in 2Q26, an increase of 13% versus 2Q25, with a recurring EBITDA margin of 70.2%. Financial result was positive at R$ 139.3 million, 2.6% above the amount recorded a year earlier.
Across business lines, the Markets segment accounted for R$ 2,034.5 billion in revenue, Capital Markets Solutions for R$ 201.0 million, Data Analytics Solutions for R$ 315.2 million and Technology and Platforms for R$ 526.8 million. In operating terms, the ADTV of cash equities reached R$ 31,310 million, up 20.1% year over year, while the fixed income outstanding balance reached R$ 9,687 billion, an increase of 16.5%.
Total expenses in the quarter amounted to R$ 975.6 million, an increase of 15.5% compared with 2Q25, driven mainly by personnel and related charges, which totaled R$ 459.8 million, and by revenue-linked expenses of R$ 143.1 million. Adjusted expenses, which exclude specific non-recurring and variable items, came to R$ 611.2 million, 6.2% higher than in 2Q25.
Shareholder return in 2Q26 totaled R$ 1.3 billion, including R$ 356 million in ordinary interest on equity (JCP), R$ 750 million in extraordinary JCP and R$ 196.9 million in share buybacks. At the end of June 2026, gross debt stood at R$ 14.9 billion, equivalent to 2.0 times recurring EBITDA for the last 12 months.
