BPOP

MKT CAP:$10B

Popular, Inc.

Market Cap

$10B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$148.30+$22.34 (+17.74%)

Apr 22, 2026

Company Details

Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and British Virgin Islands. The company provides savings, NOW, money market, and oth...

CEO

Javier D. Ferrer-Fernández

IPO Date

Mar 17, 1980

Website

www.popular.com

Key Metrics TTM

Revenue

$4.4B

+5.1% YoY

Net Income

$901M

EPS (Diluted)

$13.54

Free Cash Flow

$681M

Revenue / Share

$67.97

Gross Margin

68.2%

Operating Margin

24.4%

Net Margin

20.4%

FCF Margin

15.4%

P/S

2.2x

P/E

10.6x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$1.1B+7.9%EPS $3.78

FY 2025

Mar 2, 2026

$4.4B+5.7%EPS $12.30

Q4 2025

Mar 2, 2026

$1.1B+7.1%EPS $3.53

Q3 2025

Nov 10, 2025

$1.1B+3.0%EPS $3.14

Q2 2025

Aug 11, 2025

$1.1B+2.4%EPS $3.09

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$698M	$651M	$276M
Q3 22	$1.0B	$934M	$490M
Q4 22	$783M	$580M	$207M
Q1 23	$867M	$612M	$205M
Q2 23	$918M	$618M	$195M
Q3 23	$966M	$611M	$182M
Q4 23	$1.0B	$595M	$93M
Q1 24	$1.0B	$608M	$159M
Q2 24	$1.0B	$649M	$218M
Q3 24	$1.1B	$631M	$198M
Q4 24	$1.0B	$654M	$222M
Q1 25	$1.0B	$656M	$223M
Q2 25	$1.1B	$713M	$258M
Q3 25	$1.1B	$704M	$247M
Q4 25	$1.1B	$754M	$279M
Q1 26	$1.1B	$836M	$293M

Valuation

Quarter	P/S	P/E
Q2 22	3.5x	10.9x
Q3 22	3.1x	9.1x
Q4 22	3.0x	8.7x
Q1 23	2.8x	9.1x
Q2 23	2.6x	9.7x
Q3 23	2.7x	13.6x
Q4 23	2.5x	17.7x
Q1 24	2.4x	19.7x
Q2 24	2.4x	18.7x
Q3 24	2.3x	18.0x
Q4 24	2.3x	15.6x
Q1 25	2.3x	13.9x
Q2 25	2.3x	13.3x
Q3 25	2.2x	12.3x
Q4 25	2.2x	11.5x
Q1 26	2.2x	10.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$197M	$182M
Q2 22	$294M	$270M
Q3 22	$322M	$294M
Q4 22	$201M	$165M
Q1 23	$153M	$117M
Q2 23	$198M	$149M
Q3 23	$122M	$73M
Q4 23	$214M	$139M
Q1 24	$162M	$108M
Q2 24	$80M	$39M
Q3 24	$233M	$176M
Q4 24	$199M	$139M
Q1 25	$172M	$121M
Q2 25	$243M	$198M
Q3 25	$195M	$141M
Q4 25	$268M	$221M

Capital Expenditures

Quarter	CapEx
Q1 22	$15M
Q2 22	$24M
Q3 22	$28M
Q4 22	$36M
Q1 23	$36M
Q2 23	$49M
Q3 23	$48M
Q4 23	$74M
Q1 24	$54M
Q2 24	$42M
Q3 24	$58M
Q4 24	$60M
Q1 25	$52M
Q2 25	$45M
Q3 25	$54M
Q4 25	$47M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+3.7%	+10.5%
Q3 22	+52.3%	+56.4%
Q4 22	+12.7%	+39.4%
Q1 23	+32.7%	+69.1%
Q2 23	+31.4%	+71.1%
Q3 23	-7.6%	+41.3%
Q4 23	+28.6%	+58.5%
Q1 24	+18.1%	+30.7%
Q2 24	+14.3%	+14.9%
Q3 24	+10.4%	+10.9%
Q4 24	+4.2%	-9.4%
Q1 25	+0.7%	-6.5%
Q2 25	+2.4%	-1.8%
Q3 25	+3.0%	-2.0%
Q4 25	+7.1%	+2.2%
Q1 26	+7.9%	+1.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$8M	1.3%
Q2 22	$5M	0.7%
Q3 22	$2M	0.2%
Q4 22	$2M	0.2%
Q1 23	$8M	0.9%
Q2 23	$5M	0.6%
Q3 23	$2M	0.2%
Q4 23	$2M	0.2%
Q1 24	$11M	1.1%
Q2 24	$5M	0.5%
Q3 24	$1M	0.1%
Q4 24	$2M	0.2%
Q1 25	$11M	1.1%
Q2 25	$11M	1.0%
Q3 25	$2M	0.1%
Q4 25	$3M	0.3%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$175M	$21M
Q3 22	$200M	$24M
Q4 22	—	$28M
Q1 23	$208M	$19M
Q2 23	$198M	$25M
Q3 23	$202M	$23M
Q4 23	$276M	$28M
Q1 24	$239M	$21M
Q2 24	$208M	$25M
Q3 24	$212M	$26M
Q4 24	$216M	$30M
Q1 25	$223M	$24M
Q2 25	$239M	$26M
Q3 25	$244M	$27M
Q4 25	$264M	—
Q1 26	$444M	$23M

Revenue by Geography

Quarter	Other Countries	Puerto Rico	United States
Q2 22	$19M	$561M	$111M
Q3 22	$21M	$852M	$133M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$10.2B	$26.2B	$36.4B
Q3 22	$6.0B	$28.1B	$34.1B
Q4 22	$6.1B	$17.7B	$23.8B
Q1 23	$6.6B	$17.1B	$23.6B
Q2 23	$9.1B	$17.1B	$26.2B
Q3 23	$6.9B	$17.1B	$24.0B
Q4 23	$7.4B	$16.7B	$24.1B
Q1 24	$6.2B	$18.0B	$24.2B
Q2 24	$7.2B	$18.5B	$25.7B
Q3 24	$7.0B	$17.2B	$24.1B
Q4 24	$6.8B	$18.2B	$25.0B
Q1 25	$6.6B	$19.5B	$26.0B
Q2 25	$6.7B	$20.5B	$27.2B
Q3 25	$5.1B	$20.6B	$25.8B
Q4 25	$403M	$37M	$439M
Q1 26	$5.0B	$22.0B	$27.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	76M	-2.9%	-6.7%
Q3 22	74M	-2.9%	-7.7%
Q4 22	72M	-2.5%	-9.4%
Q1 23	72M	-0.8%	-8.9%
Q2 23	72M	+0.1%	-6.0%
Q3 23	72M	+0.2%	-3.0%
Q4 23	72M	+0.1%	-0.4%
Q1 24	72M	+0.1%	+0.5%
Q2 24	72M	+0.0%	+0.4%
Q3 24	72M	-0.2%	+0.0%
Q4 24	71M	-1.5%	-1.6%
Q1 25	69M	-2.0%	-3.7%
Q2 25	68M	-1.8%	-5.4%
Q3 25	68M	0.0%	-5.2%
Q4 25	66M	-3.0%	-6.7%
Q1 26	65M	-1.7%	-6.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$82.1K	9K
Q3 22	$123.0K	9K
Q4 22	$88.0K	9K
Q1 23	$97.4K	9K
Q2 23	$103.1K	9K
Q3 23	$108.6K	9K
Q4 23	$109.0K	9K
Q1 24	$110.8K	9K
Q2 24	$113.6K	9K
Q3 24	$115.5K	9K
Q4 24	$111.6K	9K
Q1 25	$109.6K	9K
Q2 25	$114.2K	9K
Q3 25	$116.9K	9K
Q4 25	$119.3K	9K
Q1 26	$118.0K	9K

Revenue / Employee