CSU Digital SA
BOVESPA:CSUD3
CSU Digital SA
CSU Digital SA engages in the provision of technology services market, which focuses on consumption, client relationships, electronic processing and transactions. The company is headquartered in Barueri, Sao Paulo. The company went IPO on 2006-05-02. The firm is divided into two business units which work in an integrated fashion: CSU Pays and CSU DX. The CSU Pays unit encompasses solutions in payment methods, loyalty and incentives, and Banking as a Service, including card processing for issuers and acquirers in the credit, debit, digital and virtual modalities, the offer of digital wallets, instant payments (PIX) and cryptocurrencies, among others. The CSU DX focuses on the development of digital experience solutions for customer experience and financial processes management with high technological and digital density, directing efforts to projects with greater added value and complexity.
CSU Digital SA engages in the provision of technology services market, which focuses on consumption, client relationships, electronic processing and transactions. The company is headquartered in Barueri, Sao Paulo. The company went IPO on 2006-05-02. The firm is divided into two business units which work in an integrated fashion: CSU Pays and CSU DX. The CSU Pays unit encompasses solutions in payment methods, loyalty and incentives, and Banking as a Service, including card processing for issuers and acquirers in the credit, debit, digital and virtual modalities, the offer of digital wallets, instant payments (PIX) and cryptocurrencies, among others. The CSU DX focuses on the development of digital experience solutions for customer experience and financial processes management with high technological and digital density, directing efforts to projects with greater added value and complexity.
Revenue Growth: CSU Digital reported 9% consolidated net revenue growth for the first nine months of 2025, despite a challenging Brazilian macro environment.
User Expansion: The active user base reached 24.2 million, up 11% year-over-year, with a high activation rate of 64%.
Profitability: Gross profit in the DX unit grew 38% during the year, with margins above 20% for DX and above 50% for the company overall.
Cash Generation: The company generated BRL 60.6 million in operational cash in the quarter, with 98% EBITDA-to-cash conversion over the last 12 months, and ended the quarter with over BRL 100 million in cash and no debt.
Dividend Payout: CSU maintained a strong dividend policy, paying out 50% of net income and BRL 21 million in dividends so far this year, up 5% from last year.
U.S. Expansion: The U.S. operation is in final implementation stages, with full debit and credit card capabilities launching soon; initial focus is on credit co-ops, regional banks, fintechs, and the broader American market.
AI & Tech Investment: Significant investments continue in AI, automation, and security, supporting both operational efficiency and customer experience.
Margin Outlook: EBITDA margins in some segments will be pressured in 2026 due to continued investment and international expansion, but DX margins are expected to rise significantly over time.
