B3SA3 · B3 · Exchange
B3
We own 134 shares · in the portfolio for 5 days
- Since we bought
- −9.1%
- Ibovespa, same period
- −4.4%
At the close of 30 Oct 2026. Includes dividends declared since purchase.
Why we own it
A near-monopoly with net cash, trading at about 14 times earnings after falling 36%. Trading volumes tend to rise in turbulent markets.
What could go wrong
- A competing exchange is authorised.
- Tax or regulatory changes that cut trading volumes.
What would make us sell
Written before we bought. A falling price is not on this list.
- A regulatory or tax change that hurts the business.
- A competitor is authorised to operate.
- A negative material fact from the company.
Twelve months against the Ibovespa
| Date | B3 | Ibovespa |
|---|---|---|
| 31 Oct 2025 | 0.0% | 0.0% |
| 5 Nov 2025 | +4.3% | +2.5% |
| 10 Nov 2025 | +3.6% | +3.8% |
| 13 Nov 2025 | +14.3% | +5.1% |
| 18 Nov 2025 | +11.0% | +4.7% |
| 24 Nov 2025 | +10.4% | +3.8% |
| 27 Nov 2025 | +16.4% | +5.9% |
| 2 Dec 2025 | +19.3% | +7.7% |
| 5 Dec 2025 | +10.7% | +5.2% |
| 10 Dec 2025 | +12.2% | +6.4% |
| 15 Dec 2025 | +13.8% | +8.7% |
| 18 Dec 2025 | +5.1% | +5.6% |
| 23 Dec 2025 | +6.9% | +7.3% |
| 30 Dec 2025 | +9.7% | +7.7% |
| 6 Jan 2026 | +17.2% | +9.4% |
| 9 Jan 2026 | +16.9% | +9.2% |
| 14 Jan 2026 | +19.0% | +10.4% |
| 19 Jan 2026 | +22.0% | +10.2% |
| 22 Jan 2026 | +26.2% | +17.4% |
| 27 Jan 2026 | +30.6% | +21.7% |
| 30 Jan 2026 | +30.5% | +21.3% |
| 4 Feb 2026 | +27.4% | +21.5% |
| 9 Feb 2026 | +42.4% | +24.5% |
| 12 Feb 2026 | +40.3% | +25.6% |
| 19 Feb 2026 | +43.4% | +26.1% |
| 24 Feb 2026 | +47.2% | +28.1% |
| 27 Feb 2026 | +44.7% | +26.2% |
| 4 Mar 2026 | +46.8% | +24.0% |
| 9 Mar 2026 | +40.0% | +21.0% |
| 12 Mar 2026 | +38.5% | +19.9% |
| 17 Mar 2026 | +42.2% | +20.6% |
| 20 Mar 2026 | +30.8% | +17.8% |
| 25 Mar 2026 | +45.5% | +24.0% |
| 30 Mar 2026 | +37.7% | +22.1% |
| 2 Apr 2026 | +50.7% | +25.8% |
| 8 Apr 2026 | +51.7% | +28.5% |
| 13 Apr 2026 | +56.2% | +32.4% |
| 16 Apr 2026 | +60.4% | +31.6% |
| 22 Apr 2026 | +54.6% | +29.0% |
| 27 Apr 2026 | +51.8% | +26.8% |
| 30 Apr 2026 | +46.2% | +25.3% |
| 6 May 2026 | +48.9% | +25.5% |
| 11 May 2026 | +42.6% | +21.6% |
| 14 May 2026 | +37.3% | +19.3% |
| 19 May 2026 | +28.8% | +16.5% |
| 22 May 2026 | +35.1% | +17.8% |
| 27 May 2026 | +33.6% | +17.5% |
| 1 Jun 2026 | +31.8% | +15.2% |
| 5 Jun 2026 | +25.0% | +13.0% |
| 10 Jun 2026 | +22.6% | +12.8% |
| 15 Jun 2026 | +22.8% | +14.0% |
| 18 Jun 2026 | +16.2% | +12.5% |
| 23 Jun 2026 | +19.4% | +14.5% |
| 26 Jun 2026 | +22.5% | +15.9% |
| 1 Jul 2026 | +18.2% | +14.8% |
| 6 Jul 2026 | +19.7% | +15.3% |
| 9 Jul 2026 | +21.4% | +15.5% |
| 14 Jul 2026 | +25.8% | +18.1% |
| 17 Jul 2026 | +24.8% | +16.2% |
| 22 Jul 2026 | +30.5% | +18.7% |
| 27 Jul 2026 | +29.0% | +17.2% |
| 30 Jul 2026 | +28.3% | +18.5% |
| 4 Aug 2026 | +28.9% | +19.0% |
| 7 Aug 2026 | +22.7% | +15.4% |
| 12 Aug 2026 | +16.9% | +12.0% |
| 17 Aug 2026 | +18.3% | +11.5% |
| 20 Aug 2026 | +17.7% | +12.3% |
| 25 Aug 2026 | +29.3% | +16.7% |
| 28 Aug 2026 | +31.7% | +17.5% |
| 2 Sep 2026 | +41.7% | +23.8% |
| 8 Sep 2026 | +44.8% | +25.3% |
| 11 Sep 2026 | +41.8% | +25.2% |
| 16 Sep 2026 | +44.3% | +24.1% |
| 21 Sep 2026 | +49.6% | +24.8% |
| 24 Sep 2026 | +47.8% | +23.0% |
| 29 Sep 2026 | +48.4% | +22.9% |
| 2 Oct 2026 | +57.6% | +28.5% |
| 7 Oct 2026 | +85.2% | +36.6% |
| 13 Oct 2026 | +88.7% | +38.3% |
| 16 Oct 2026 | +83.4% | +37.4% |
| 21 Oct 2026 | +95.0% | +38.1% |
| 26 Oct 2026 | +25.0% | +18.1% |
| 29 Oct 2026 | +17.8% | +13.1% |
| 30 Oct 2026 | +11.4% | +12.3% |
Valuation
- Price to earningsPrice ÷ last 12 months’ earnings per share
- 13.4×
- Price to bookPrice ÷ equity per share
- 3.8×
- EV to EBITDA
- 9.2×
- PEG ratio
- 1.26
- Dividend yieldLast 12 months
- 6.7%
- Market value
- R$ 71.7 bn
Profitability
- Return on equity
- 28.5%
- Return on assets
- 10.9%
- Gross margin
- 89.8%
- EBITDA margin
- 63.6%
- Net margin
- 44.4%
Growth
- Revenue, latest quarter vs a year ago
- +11.3%
- Earnings, latest quarter vs a year ago
- +10.7%
- Revenue, last full year
- +5.2%
- Earnings, last full year
- +0.2%
Balance sheet
- Cash
- R$ 16.5 bn
- Total debt
- R$ 14.9 bn
- Net debt to EBITDA
- -0.2×
- Debt to equity
- 0.8
- Current ratio
- 1.92
Risk, last 12 months
- Total returnIncluding dividends
- +11.4%
- VolatilityAnnualised, daily returns
- 62%
- Largest fall from a peak
- −43.4%
- Beta to the Ibovespa1.0 moves with the index
- 2.09
- Below its 12-month high
- −43.4%
Dividends
- Paid per share, last 12 months
- R$ 0.9026
Five years of results
| Year | Revenue | Net income | Earnings per share | Equity | Return on equity |
|---|---|---|---|---|---|
| 2025 | R$ 11.1 bn | R$ 4.6 bn | R$ 0.89 | R$ 17.5 bn | 26.3% |
| 2024 | R$ 10.6 bn | R$ 4.6 bn | R$ 0.84 | R$ 18.4 bn | 24.9% |
| 2023 | R$ 9.9 bn | R$ 4.1 bn | R$ 0.72 | R$ 20.3 bn | 20.4% |
| 2022 | R$ 10.1 bn | R$ 4.2 bn | R$ 0.71 | R$ 20.3 bn | 20.8% |
| 2021 | R$ 10.3 bn | R$ 4.7 bn | R$ 0.78 | R$ 22.4 bn | 21.0% |
Annual consolidated statements as reported to the CVM, via brapi.
Company profile
- Sector
- Serviços Financeiros
- Industry
- Dados Financeiros e Bolsas de Valores
- Employees
- 2,135
- Website
- www.b3.com.br
Data as of the close of 30 Oct 2026. Market data from brapi.dev; financial statements as filed with the CVM. Ratios are provider estimates and may differ from company reports.