B3 S.A. - Brasil, Bolsa, Balcão (BOLSY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
B3 S.A. - Brasil, Bolsa, Balcão (BOLSY) trades at $8.52 with AI Score 56/100 (Grade B). B3 S. A. - Brasil, Bolsa, Balcão (BOLSY) operates Brazil's primary stock exchange, providing trading and post-trade services. Market cap: $14.22B, Sector: Financial services.
Price live · AI analysis from Mar 16, 2026BOLSY stock analysis for 2026: Analysts have set a consensus price target of $11.90 for B3 S.A. - Brasil, Bolsa, Balcão, suggesting 39.8% upside from the current price of $8.52. The AI MoonshotScore is 56/100, indicating a neutral outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
BOLSY: 3/6 perspectives are bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →B3 S.A. - Brasil, Bolsa, Balcão (BOLSY) Financial Services Profile
B3 S.A. - Brasil, Bolsa, Balcão (BOLSY) is the leading exchange operator in Brazil, offering trading, clearing, settlement, and technology services. With a robust profit margin of 45.5% and a dividend yield of 3.11%, BOLSY facilitates capital markets activity and provides essential infrastructure for the Brazilian financial ecosystem.
What Is the Investment Thesis for BOLSY?
B3 S.A. - Brasil, Bolsa, Balcão presents a compelling investment case based on its dominant market position in a growing economy. With a P/E ratio of 15.7 and a profit margin of 45.5%, the company demonstrates strong profitability. Growth catalysts include increasing trading volumes, new listings, and the expansion of its service offerings. A key value driver is its ability to generate consistent revenue streams from trading fees, clearing services, and technology solutions. However, potential risks include regulatory changes and competition from alternative trading platforms. The company's beta of 0.31 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
BOLSY Key Highlights
- Market capitalization of $14.22B, reflecting its significant size and importance in the Brazilian financial market.
- P/E ratio of 15.7, indicating a reasonable valuation relative to its earnings.
- Profit margin of 45.5%, showcasing strong operational efficiency and profitability.
- Gross margin of 73.5%, highlighting the value-added nature of its services.
- Dividend yield of 3.11%, providing a steady income stream for investors.
Who Are BOLSY's Competitors?
BOLSY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AGESY ageas SA/NV | $80.84 | +0.29% | $16.63B | 64 |
| BBSEY BB Seguridade Participações S.A. | $7.56 | +1.92% | $14.68B | 50 |
| BPCGF Banco Comercial Português, S.A. | $1.12 | +6.67% | $16.58B | 49 |
| EUXTF Euronext N.V. | $163.00 | +4.76% | $16.26B | 56 |
| IAUGY Insurance Australia Group Limited | $28.05 | -6.34% | $13.12B | 50 |
| CWB State Street SPDR Bloomberg Convertible Securities ETF | $105.34 | +0.92% | $4.62B | 47 |
| TDV ProShares - S&P Technology Dividend Aristocrats ETF | $100.89 | +1.33% | $293.21M | 47 |
| DAUG FT Vest U.S. Equity Deep Buffer ETF - August | $46.97 | +0.26% | $363.40M | 47 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BOLSY's Key Strengths?
- Dominant market position in Brazil.
- Integrated service offerings.
- Strong brand recognition.
- High profit margins.
What Are BOLSY's Weaknesses?
- Dependence on the Brazilian economy.
- Exposure to regulatory changes.
- Limited geographic diversification.
- Vulnerability to cyberattacks.
What Could Drive BOLSY Stock Higher?
- Increasing trading volumes in the Brazilian stock market due to economic growth and investor confidence.
- Potential new listings and IPOs on the B3 exchange in the next year.
- Expansion of B3's service offerings, including new derivative products and technology solutions.
- Government policies that support the development of the Brazilian capital markets.
- Potential partnerships with international exchanges to expand B3's global reach.
What Are the Key Risks for BOLSY?
- Economic downturn in Brazil, which could reduce trading volumes and corporate earnings.
- Regulatory changes that could impact B3's business model and profitability.
- Competition from alternative trading platforms and new market entrants.
- Cybersecurity threats and potential data breaches.
- Political instability in Brazil, which could negatively affect investor sentiment.
What Are the Growth Opportunities for BOLSY?
- Expansion of Derivatives Market: B3 can capitalize on the growing demand for derivatives trading in Brazil. By introducing new derivative products and enhancing its trading platform, B3 can attract more traders and increase its revenue. The derivatives market in Brazil is estimated to be worth billions of dollars annually, offering significant growth potential for B3. This expansion is expected to unfold over the next 3-5 years.
- Increased Retail Investor Participation: B3 can focus on attracting more retail investors to the Brazilian stock market. By offering educational resources and simplifying the trading process, B3 can tap into a large pool of potential investors. The number of retail investors in Brazil has been increasing in recent years, driven by low interest rates and a growing awareness of investment opportunities. This initiative could yield results within 2-3 years.
- Technological Innovation and Platform Enhancement: Investing in cutting-edge technology can enhance B3's trading platform and attract more users. By implementing AI-powered trading tools and improving data analytics capabilities, B3 can provide a superior trading experience. The global investment in financial technology is growing rapidly, with billions of dollars being invested annually. This upgrade is expected to be ongoing.
- New Listings and IPOs: B3 can actively pursue new listings and initial public offerings (IPOs) to expand the number of companies traded on its exchange. By attracting high-growth companies and offering attractive listing terms, B3 can increase its trading volume and revenue. The IPO market in Brazil is cyclical, with periods of high activity followed by periods of relative calm. This strategy can be implemented within the next year.
- Regional Expansion in Latin America: B3 can explore opportunities to expand its operations in other Latin American countries. By partnering with regional exchanges and offering its technology solutions, B3 can tap into new markets and diversify its revenue streams. The Latin American financial market is growing rapidly, driven by economic development and increasing foreign investment. This expansion is a long-term strategy with a timeline of 5-10 years.
What Opportunities Does BOLSY Have?
- Expansion of derivatives market.
- Increased retail investor participation.
- Technological innovation.
- Regional expansion in Latin America.
What Threats Does BOLSY Face?
- Competition from alternative trading platforms.
- Economic downturn in Brazil.
- Regulatory changes.
- Geopolitical risks.
What Are BOLSY's Competitive Advantages?
- Dominant market share in the Brazilian stock exchange industry.
- Integrated service offerings, including trading, clearing, and settlement.
- Strong regulatory relationships and established infrastructure.
- Network effect, as more participants attract more liquidity.
What Does BOLSY Do?
B3 S.A. - Brasil, Bolsa, Balcão (BOLSY) is the primary stock exchange in Brazil, providing a wide range of services related to trading, clearing, settlement, depository, and technology for various asset classes. It operates as a vital infrastructure for the Brazilian financial market, connecting investors and companies. The company's history reflects the evolution of the Brazilian capital markets, consolidating multiple exchanges into a single entity. B3 offers listing services for companies seeking to raise capital, trading platforms for equities, fixed income, and derivatives, and post-trade services that ensure the integrity and efficiency of market operations. Through its subsidiary, Bsm Supervisao De Mercados, B3 also focuses on market supervision. B3's geographic reach is primarily within Brazil, serving domestic investors and companies, while also attracting international participation in the Brazilian market. Its competitive positioning is strong, given its dominant market share and integrated service offerings.
What Products and Services Does BOLSY Offer?
- Operates the primary stock exchange in Brazil.
- Provides trading platforms for equities, fixed income, and derivatives.
- Offers clearing and settlement services for trades.
- Provides depository services for securities.
- Offers technology solutions for market participants.
- Supervises market activities through its subsidiary, Bsm Supervisao De Mercados.
How Does BOLSY Make Money?
- Generates revenue from trading fees charged on transactions.
- Earns income from clearing and settlement services.
- Receives fees for listing companies on its exchange.
- Provides technology solutions and data services to market participants.
What Industry Does BOLSY Operate In?
B3 S.A. - Brasil, Bolsa, Balcão operates within the financial data and stock exchanges industry, which is characterized by increasing globalization and technological advancements. The industry is influenced by factors such as regulatory changes, economic growth, and investor sentiment. B3 holds a dominant position in the Brazilian market, facing competition from other regional exchanges and alternative trading platforms. The trend towards electronic trading and data analytics is shaping the industry, requiring exchanges to invest in technology and innovation to remain competitive.
Who Are BOLSY's Key Customers?
- Institutional investors, including pension funds, mutual funds, and hedge funds.
- Retail investors who trade stocks and other securities.
- Corporations that list their shares on the exchange.
- Brokerage firms that facilitate trading for their clients.
B3 S.A. - Brasil, Bolsa, Balcão Financial Trajectory
B3 S.A. - Brasil, Bolsa, Balcão (BOLSY) reported $2.87B in revenue for Q1 2026, reflecting 8.3% growth compared to the prior quarter. The company recorded net income of $1.48B, with diluted EPS of $0.87. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this large-cap Financial Services company. Across the four most recent quarters, BOLSY averaged $0.71 in diluted EPS.
Company Profile
B3 S.A. - Brasil, Bolsa, Balcão operates in the Financial - Data & Stock Exchanges industry within the Financial Services sector. It is headquartered in São Paulo, BR. The company is led by CEO Gilson Finkelsztain. BOLSY has traded publicly since 2021.
How B3 S.A. - Brasil, Bolsa, Balcão Is Valued
B3 S.A. - Brasil, Bolsa, Balcão carries a market capitalization of $14.22B, placing it in the large-cap category. Relative to its peer group, BOLSY's quantitative score of 56/100 is roughly in line with the peer average of 54/100.
ROE 26%Key Financial Metrics
Return on equity for B3 S.A. - Brasil, Bolsa, Balcão stands at 26.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 10.2%, showing how much profit it generates from its asset base. BOLSY trades at a trailing price-to-earnings ratio of 15.74, below the Financial Services sector average of ~18x. Its free cash flow yield is 4.3%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.09 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 6.4%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 6/9Financial Health
B3 S.A. - Brasil, Bolsa, Balcão's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 2.38 places it in the grey zone, a middle ground that warrants monitoring.
FY2026 estForward Outlook
Wall Street analysts project B3 S.A. - Brasil, Bolsa, Balcão revenue of about $11.94B for fiscal 2026, with EPS near $3.72. The estimate reflects 9 contributing analysts.
BOLSY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Dominant market position in Brazil.
- Integrated service offerings.
- Strong brand recognition.
- High profit margins.
Bear Case
- Dependence on the Brazilian economy.
- Exposure to regulatory changes.
- Limited geographic diversification.
- Vulnerability to cyberattacks.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $2.87B | $1.48B | $0.87 |
| Q4 2025 | $2.65B | $818M | $0.48 |
| Q3 2025 | $2.49B | $1.25B | $0.72 |
| Q2 2025 | $2.54B | $1.33B | $0.75 |
Based on FMP financials and quantitative analysis
BOLSY Latest News
-
B3 Showed What It Can Produce When Brazil Wakes Up
seekingalpha.com · May 24, 2026
-
B3 S.A. - Brasil, Bolsa, Balcão (BOLSY) Q1 2026 Earnings Call Transcript
seekingalpha.com · May 8, 2026
BOLSY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BOLSY.
Price Targets
Consensus target: $11.90
BOLSY MoonshotScore
What does this score mean?
The MoonshotScore rates BOLSY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Gilson Finkelsztain
CEO
Gilson Finkelsztain is the CEO of B3 S.A. - Brasil, Bolsa, Balcão. His career spans several decades in the financial services industry. He has held various leadership positions in investment banking and asset management. Finkelsztain's expertise includes capital markets, corporate finance, and strategic planning. His educational background includes advanced degrees in finance and economics. He brings a wealth of experience to B3, having worked with both domestic and international financial institutions.
Track Record: Under Gilson Finkelsztain's leadership, B3 has focused on expanding its service offerings and enhancing its technology infrastructure. He has overseen the implementation of new trading platforms and the introduction of innovative financial products. Finkelsztain has also emphasized the importance of corporate governance and risk management. Key milestones during his tenure include the integration of multiple exchanges and the expansion of B3's international presence.
B3 S.A. - Brasil, Bolsa, Balcão ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company trading on U.S. stock exchanges. BOLSY, as an ADR, allows U.S. investors to invest in B3 S.A. - Brasil, Bolsa, Balcão without directly dealing with the Brazilian stock market. The ADR is denominated in U.S. dollars, simplifying trading and reporting for U.S. investors.
- Home Market Ticker: BOLS, São Paulo, BR
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: BOLS
BOLSY OTC Market Information
The OTC Other tier represents the lowest tier of the over-the-counter (OTC) market. Companies trading on this tier often have limited financial disclosure and may not meet the listing requirements of major exchanges like the NYSE or NASDAQ. Investing in companies on the OTC Other tier carries higher risks due to the lack of regulatory oversight and potential for fraud or manipulation. These companies may be thinly traded, leading to price volatility and difficulty in buying or selling shares.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure.
- Potential for fraud or manipulation.
- Thin trading volume and price volatility.
- Lack of regulatory oversight.
- Difficulty in obtaining reliable information.
- Verify the company's registration and legal status.
- Review available financial statements and disclosures.
- Assess the company's management team and track record.
- Research the company's industry and competitive landscape.
- Evaluate the company's business model and revenue streams.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor.
- Established operations in Brazil as a major exchange.
- Subsidiary of a well-known Brazilian company.
- Presence of a recognized CEO.
- Positive media coverage and industry recognition.
- Evidence of regulatory compliance in Brazil.
B3 S.A. - Brasil, Bolsa, Balcão Financial Services Stock: Key Questions Answered
What does B3 S.A. - Brasil, Bolsa, Balcão do?
B3 S.A. - Brasil, Bolsa, Balcão operates as the primary stock exchange in Brazil, providing a comprehensive suite of services for trading, clearing, settlement, and depository of securities. It facilitates the buying and selling of stocks, bonds, derivatives, and other financial instruments, connecting investors with companies seeking to raise capital. B3 also offers technology solutions and data services to market participants, playing a crucial role in the Brazilian financial ecosystem and contributing to the overall efficiency and transparency of the market.
What are the main risks for BOLSY?
The main risks for BOLSY include potential economic downturns in Brazil, which could reduce trading volumes and corporate earnings. Regulatory changes and increased competition from alternative trading platforms also pose challenges. Cybersecurity threats and political instability in Brazil are additional factors that could negatively impact the company's performance. Investors should carefully consider these risks before investing in BOLSY.
How does B3 S.A. - Brasil, Bolsa, Balcão make money in financial services?
B3 S.A. - Brasil, Bolsa, Balcão generates revenue through various streams related to its operation as Brazil's primary stock exchange. A significant portion of its income comes from trading fees, which are charged on each transaction executed on its platforms. Additionally, B3 earns revenue from clearing and settlement services, ensuring the smooth and secure transfer of funds and securities. Listing fees, paid by companies to have their shares traded on the exchange, also contribute to B3's revenue. Furthermore, the company provides technology solutions and data services to market participants, generating additional income through subscriptions and licensing agreements. These diverse revenue streams contribute to B3's overall financial stability and profitability.
What regulatory challenges does B3 S.A. - Brasil, Bolsa, Balcão face?
B3 S.A. - Brasil, Bolsa, Balcão operates in a highly regulated environment, facing numerous regulatory challenges that can impact its operations and profitability. The company must comply with regulations set by the Brazilian Securities and Exchange Commission (CVM) and other regulatory bodies, which govern trading practices, market supervision, and corporate governance. Maintaining compliance with these regulations requires significant investment in compliance infrastructure and personnel. Additionally, B3 faces the risk of regulatory changes that could alter its business model or increase its compliance costs. These regulatory challenges are an ongoing concern for B3 and require proactive risk management and engagement with regulatory authorities.
What are the key factors to evaluate for BOLSY?
B3 S.A. - Brasil, Bolsa, Balcão (BOLSY) holds an AI score of 56/100 (moderate). P/E: 15.7x vs the S&P 500's ~20-25x. Analysts target $11.90 (+40%). Not financial advice.
How frequently does BOLSY data refresh on this page?
BOLSY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven BOLSY's recent stock price performance?
B3 S.A. - Brasil, Bolsa, Balcão (BOLSY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Dominant market position in Brazil. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider BOLSY overvalued or undervalued right now?
B3 S.A. - Brasil, Bolsa, Balcão (BOLSY) trades at 15.7x earnings. Analysts target $11.90 (+40%) — upside seen. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for BOLSY, limiting comprehensive insights.
- OTC market data may be less reliable than exchange-listed data.