Earnings Alerts

B3 – Brasil Bolsa Balcao (B3SA3) Earnings: 3Q Net Income Surpasses Estimates with Strong Financial Performance

By November 12, 2025 No Comments
  • 3rd quarter net income reported at R$1.25 billion, exceeding the estimate of R$1.23 billion.
  • Net revenue for the period came in at R$2.49 billion, slightly above the forecast of R$2.45 billion.
  • Capital expenditure was recorded at R$73.3 million.
  • Recurring net income stood at R$1.26 billion, surpassing the estimate of R$1.25 billion.
  • Recurring EBITDA reported at R$1.73 billion, ahead of the forecast of R$1.7 billion.
  • The company achieved a recurring EBITDA margin of 69.5%.
  • Analyst recommendations include 8 buys and 9 holds, with no sells.

B3 – Brasil Bolsa Balcao on Smartkarma

Analyst Victor Galliano from Smartkarma recently published a research report titled “GEM Exchanges – Scorecard Confirms Brazilian Exchange B3 (B3SA3 BZ) As Our Top Pick.” In the report, Galliano recommends sticking with B3 as a buy due to its attractive value and low PEG ratio. He downgrades Hong Kong Exchange to neutral and BSE to sell, citing rich valuations and potential negative earnings surprises. Galliano emphasizes B3’s strong position with the highest share of total revenues compared to its peers and notes that its post-trade revenues are underestimated.

According to Galliano, the Brazilian exchange B3 stands out as a top pick based on the scorecard analysis. The report highlights B3’s strengths in the market and recommends investors consider its potential for growth and value. Galliano’s research sheds light on B3’s favorable position compared to other exchanges and provides insights into the investment opportunities it presents for those looking to capitalize on the stock’s promising prospects.


A look at B3 – Brasil Bolsa Balcao Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience4
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking at the Smartkarma Smart Scores, the long-term outlook for B3 – Brasil Bolsa Balcao appears promising. With a Growth score of 4 and a Resilience score of 4, the company seems well-positioned for future expansion and able to weather market challenges. This indicates that B3 is expected to see solid growth opportunities and demonstrate strong resilience in the face of uncertainties. While the Value and Dividend scores are at 2, suggesting moderate performance in these areas, the Momentum score of 3 shows a decent pace of development for the company. Considering these scores, B3 – Brasil Bolsa Balcao seems poised to navigate the market with a focus on growth and resilience.

B3 S.A. – Brasil, Bolsa, Balcao operates as a regional exchange, providing a range of financial services for trading in equity, commodity, and derivatives. The company’s integrated business model includes clearing and settlement activities, central depository services, and various financial products. With a global presence, B3 S.A. – Brasil, Bolsa, Balcao serves customers worldwide, facilitating trading activities across different markets. Overall, the company’s Smartkarma Smart Scores reflect a positive outlook, emphasizing growth potential and resilience amidst market fluctuations, positioning B3 for long-term success in the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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