$8.59+0.14 (+1.66%)
At close: Oct 2, 2026, 4:00 PM ET
$8.61+0.02 (+0.23%)
After hours: Oct 2, 2026, 4:32 PM ET· last 1-minute bar
Itau Unibanco Holding S.A. · Financials
Is this a real, growing, cash-generative business, or a story propped up by accounting?
Business engineGrowing fast: revenue compounds ~207.8%/yr (FY21→FY25), net margin 14.9%; free cash flow runs at 75% of net income. Check the accrual gap.
The four lines that matter · FY21–FY25
Revenue ($B)▲16.4%
56.1
FY21→FY25CAGR +207.8%/yr
Net income ($B)▲22.9%
8.4
FY21→FY25CAGR +13.2%/yr
Free cash flow ($B)—
6.3
no value for 3 of 5 yearsCAGR —
Diluted EPS▲23.4%
0.74
no value for 2 of 5 yearsCAGR +9.7%/yr
What the income statement says · FY21–FY25
Where every revenue dollar goes · FY25 ($B)
15¢ of every revenue dollar becomes profit.
Margin trend · direction beats level Net
Net margin 14.9% is below the sector median. This filer reports no gross profit or operating income line, so those margins are not drawn.
The receipt · income statement · FY21–FY25 USD millions except per-share & ratios · hover a line for its definition
| Line item | FY25 | FY24 | FY23 | FY22 | FY21 | YoY | CAGR 21→25 |
|---|---|---|---|---|---|---|---|
| Revenue & profitability | |||||||
Revenue | 56,139.9 | 48,209.6 | 56,789.8 | 999.4 | 625.5 | ▲16.4% | +207.8% |
Pretax income | 9,174.7 | 7,690.2 | 8,182.0 | 1,126.6 | 625.5 | ▲19.3% | +95.7% |
Income tax | 803.5 | 877.7 | 1,200.1 | — | — | ▼8.5% | −18.2% |
Net incomePiotroski ROA ✓feeds Buffett Quality owner earnings | 8,371.2 | 6,812.4 | 6,981.9 | 5,721.2 | 5,091.4 | ▲22.9% | +13.2% |
| Per share | |||||||
Diluted EPSbuyback-sensitive | 0.74c | 0.60c | 0.61c | — | — | ▲23.4% | +9.7% |
Diluted shares (bn) | 11.08 | 11.09 | 11.10 | — | — | ▼0.1% | −0.1% |
| Margins | |||||||
Net margin34th pct in Financial Services | 14.9% | 14.1% | 12.3% | 572.4% | 814.0% | ▲0.8pp | −799.1pp |
c Computed by Tenet. The company's diluted figure is not in our data feed for this period, so this is net income attributable to common shareholders divided by the larger of the weighted basic and diluted share counts.
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These lines feed the tenet checklists: see which gates passTenets →Margins & returns continue as sector-ranked ratiosStatistics →
Annual report filed 2026-04-29 · view filings on SEC EDGAR ↗ · reported currency USD · as-filed figures may be later restated.
Statements normalized in our fundamentals DB · Not investment advice.
Statements normalized in our fundamentals DB · Not investment advice.
Annual and quarterly statements as filed, normalized into one comparable shape · Not investment advice.