Banco Bradesco S.A. (BBD) financials

NYSE · Financial Services · Banks - Regional · 82,095 employees · CEO Marcelo de Araujo Noronha

Price: $2.55 -2.86%
Market cap: $27.5B
Enterprise value: R$754B
Last report: Q3 '26 filed 2026-10-23
Next report: 2027-02-05

Revenue (TTM)R$351B+19.7% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)7.7%+1.4 pp vs a year agoOperating income R$27.1B

Net income (TTM)R$26.1B+22.7% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)R$98.3B+335.0% vs a year agoCapex R$4.69B

Diluted EPS (TTM)R$2.56+27.4% vs a year agoSum of the last 4 quarters

Net cash-R$617B-28.0% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $27.5B
Revenue: R$351B
Revenue growth: –
Profit margin: 7.4%
P/E: 5.2×
P/S: 0.4×
EV / EBITDA: 22.5×
Free cash flow: R$98.3B
Net income: R$26.1B
Revenue estimate: –
Earnings: 2027-02-05
Dividend: $0.23

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Revenue growth slowing: 11.2% year on yearQ3 '26 revenue R$89.7B, against an average of 24.8% over the four quarters before.
Operating margin 7.7% (TTM), +1.4 pp on a year agoOperating income grew 45.8% while revenue grew 19.7%.
Capex 1.3% of revenue (a year ago 3.2%)R$4.69B invested in the last 4 quarters (-50.3% on a year earlier). Free cash flow R$98.3B = 376.1% of net income.
Returned R$15.5B to shareholders = 15.8% of free cash flowBuybacks R$120M (a year earlier R$349M), dividends R$15.4B, stock-based pay R$0 (TTM).
Diluted share count down 0.1% in a year10.6B diluted shares in Q3 '26, 10.6B a year earlier.
Net debt R$617BCash + short-term investments R$153B, debt incl. leases R$770B; a year ago net debt R$482B.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q3 '26	Year ago	Change
Revenue	R$89.7B	R$80.7B	+11.2%
Gross margin	26.5%	26.1%	+0.4 pp
Operating income	R$7.14B	R$4.88B	+46.3%
Operating margin	8.0%	6.0%	+1.9 pp
Net income	R$7.33B	R$5.5B	+33.3%
Diluted EPS	R$0.73	R$0.52	+40.4%
Operating cash flow	-R$15.2B	R$816M	-1,965.3%
Capex	R$354M	R$2.03B	-82.6%
Free cash flow	-R$15.6B	-R$1.21B	-1,185.9%
R&D	R$0	R$0	–
Stock-based compensation	R$0	R$0	–

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: R$103B
Capex: -R$4.69B
Buybacks: -R$120M
Dividends: -R$15.4B
Acquisitions: R$2.78B
Net debt issued: R$123B
Stock-based compensation: R$0
Free cash flow: R$98.3B
Returned to shareholders / FCF: 15.8%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	5.2×	9.0×	7.3× – 13.4×
EV / EBITDA	22.5×	24.6×	8.1× – 38.3×
EV / Sales	2.1×	2.4×	2.0× – 2.7×
Price / FCF	1.4×	2.4× 2 of 5 years	0.7× – 4.0×
Price / Book	0.7×	1.1×	0.7× – 1.4×
FCF yield	69.5%	5.3%	-74.5% – 133.7%
Return on invested capital	1.0%	1.5%	0.8% – 2.9%
Return on equity	14.2%	12.2%	8.6% – 15.5%

Analysts

Consensus target $4.05 (+58.8%)
range $3.90 – $4.20 · rating Hold

Strong buy0

Buy4

Hold11

Sell1

Strong sell0

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-02 · Amounts in BRL as reported; price and market cap in USD.