IFS

MKT CAP:$5B

Intercorp Financial Services Inc.

Market Cap

$5B

Financial Services·Banks - Regional· Peru·NYSE

Financials·Banks - Regional·NYSE

Stock Price

$46.23+$4.00 (+9.47%)

Apr 23, 2026

Company Details

Intercorp Financial Services Inc. provides banking, insurance, and wealth management services for retail and commercial clients in Peru. The company operates through three segments: Banking, Insurance, and Wealth Management. It provides tra...

CEO

Lord Luis Felipe Castellanos Lopez-Torres

IPO Date

Jul 1, 2019

Website

www.ifs.com.pe

Key Metrics TTM

Revenue

$2.3B

+21.8% YoY

Net Income

$523M

EPS (Diluted)

$4.63

Free Cash Flow

$1.1B

Revenue / Share

$20.87

Gross Margin

55.2%

Operating Margin

28.4%

Net Margin

22.8%

FCF Margin

48.8%

P/S

2.2x

P/E

9.5x

Earnings Reports

Q1 2026

May 11, 2026

PENDING

FY 2025

Dec 30, 2025

$2.7BEPS $4.72

Q4 2025

Feb 11, 2026

$370MEPS $1.20

Q3 2025

Nov 6, 2025

$633MEPS $1.18

Q4 2023

Apr 26, 2024

$672MEPS $0.72

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 16	$376M	$246M	$39M
Q4 16	$419M	$286M	$133M
Q1 17	$398M	$256M	$83M
Q2 17	$407M	$268M	$85M
Q3 20	$473M	$259M	$108M
Q4 20	$442M	$315M	$132M
Q1 21	$492M	$369M	$189M
Q2 21	$452M	$334M	$168M
Q3 21	$499M	$394M	$198M
Q3 22	$621M	$432M	$220M
Q4 23	$672M	$300M	$88M
Q3 25	$633M	$387M	$165M
Q4 25	$370M	$149M	$178M

Valuation

Quarter	P/S	P/E
Q1 16	—	—
Q4 16	—	—
Q1 17	—	—
Q2 17	3.1x	19.1x
Q3 20	2.9x	14.8x
Q4 20	2.9x	15.0x
Q1 21	2.7x	12.0x
Q2 21	2.7x	10.3x
Q3 21	2.6x	9.0x
Q3 22	2.4x	8.0x
Q4 23	2.2x	9.1x
Q3 25	2.1x	9.1x
Q4 25	2.2x	9.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 16	-$127M	-$145M
Q4 16	$284M	$256M
Q1 17	-$631M	-$655M
Q2 17	$345M	$334M
Q3 20	$911M	$898M
Q4 20	$687M	$670M
Q1 21	$596M	$586M
Q2 21	$49M	$37M
Q3 21	$396M	$377M
Q3 22	$702M	$668M
Q4 23	-$108M	-$150M
Q3 25	-$19M	-$26M
Q4 25	$672M	$627M

Capital Expenditures

Quarter	CapEx
Q1 16	$18M
Q4 16	$28M
Q1 17	$24M
Q2 17	$11M
Q3 20	$13M
Q4 20	$17M
Q1 21	$10M
Q2 21	$12M
Q3 21	$19M
Q3 22	$34M
Q4 23	$41M
Q3 25	$7M
Q4 25	$44M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 20	+25.7%	+8.2%
Q4 20	+5.4%	+7.9%
Q1 21	+23.7%	-3.4%
Q2 21	+10.9%	-11.9%
Q3 21	+5.4%	-17.5%
Q3 22	+40.6%	+29.6%
Q4 23	+36.6%	+92.3%
Q3 25	+40.2%	+65.0%
Q4 25	-25.9%	-36.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 16	$0	0.0%
Q4 16	$0	0.0%
Q1 17	$0	0.0%
Q2 17	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q3 22	$0	0.0%
Q4 23	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 16	$126M
Q4 16	$138M
Q1 17	$135M
Q2 17	$137M
Q3 20	$128M
Q4 20	$149M
Q1 21	$157M
Q2 21	$146M
Q3 21	$174M
Q3 22	$181M
Q4 23	$155M
Q3 25	$180M
Q4 25	$83M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$3.9B	$5.4B	$9.3B
Q2 22	$3.6B	$5.2B	$8.8B
Q3 22	$3.6B	$5.6B	$9.3B
Q4 22	$3.8B	$5.1B	$8.8B
Q1 23	$3.5B	$5.6B	$9.1B
Q2 23	$3.1B	$6.0B	$9.0B
Q3 23	$3.1B	$6.0B	$9.1B
Q4 23	$2.8B	$6.3B	$9.1B
Q1 24	$3.6B	$6.1B	$9.7B
Q2 24	$2.9B	$6.4B	$9.3B
Q3 24	$4.2B	$6.1B	$10.3B
Q4 24	$3.5B	$6.1B	$9.7B
Q1 25	$1.3B	$0	$1.3B
Q2 25	$3.5B	$6.3B	$9.9B
Q3 25	$3.3B	$6.3B	$9.6B
Q4 25	$3.5B	$31M	$3.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 16	109M	—	—
Q4 16	107M	-1.7%	—
Q1 17	107M	0.0%	—
Q2 17	107M	0.0%	—
Q3 20	110M	+3.0%	+1.2%
Q4 20	110M	0.0%	+3.0%
Q1 21	115M	+4.8%	+7.9%
Q2 21	115M	0.0%	+7.9%
Q3 21	115M	0.0%	+4.8%
Q3 22	115M	0.0%	+4.8%
Q4 23	114M	-0.9%	-0.9%
Q3 25	111M	-2.7%	-3.6%
Q4 25	110M	-1.1%	-4.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 16	—	—
Q4 16	—	—
Q1 17	—	—
Q2 17	—	—
Q3 20	$71.1K	7K
Q4 20	$68.9K	6K
Q1 21	$76.8K	6K
Q2 21	$70.5K	6K
Q3 21	$77.9K	6K
Q3 22	$100.5K	6K
Q4 23	$107.3K	6K
Q3 25	$100.1K	6K
Q4 25	$58.5K	6K

Revenue / Employee