BRAZILIAN
Brazilian Finance Logo
FINANCE

MENU

© 2026 Brazilian Finance

Markets · Stocks & ETFs · ADR

B3 (Brasil Bolsa Balcão) (OTC: BOLSY)

$8.32-1.07%today

Brazilian ADR trading on the OTC, priced in US dollars.

Display currency
Market Cap, EPS and the financial totals below — switch between US dollars and BRL.
Market Cap
$14.04B
P/E (TTM)
14.3x
P/B
3.9x
EPS (TTM)
$0.58
Dividend Yield
6.64%
52-Week Range
$6.62 – $12.11
Volume
65K
Previous Close
$8.41

TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.

Performance

Today
-1.07%
1 Week
-3.48%
1 Month
-7.25%
YTD
+5.18%
1 Year
+13.20%
5 Years
—
B3 (Brasil Bolsa Balcão) logo

About B3 (Brasil Bolsa Balcão)

US Ticker
BOLSY
B3 Ticker
B3SA3
Exchange
OTC
Currency
USD
Sector
Financial Services
Industry
Financial Data & Stock Exchanges
Headquarters
São Paulo, SP, Brazil
Employees
—
CEO
—
Founded
2007

B3 S.A. - Brasil, Bolsa, Balcão, a financial market infrastructure company, provides trading services in an exchange and OTC environment.

It operates through Markets, Data analytics solutions, Capital Market solutions, and Technology and platform segments.

The company organized markets for securities, such as equities, financial contracts, indices, rates, currencies, energy, transportation, commodities, and spot and future settlement transactions.

It also provides technological solutions for insurance, reinsurance, pension, and capitalization bond markets; data processing and analytics services, including standardization, quotations, and statistics; supports credit, financing, and leasing transactions in automotive, real estate, energy, and agribusiness sectors; and operates trading systems and clearinghouses.

In addition, the company organized an over-the-counter market, and acts as a clearing ang settlement house.

The company was formerly known as BM&FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros and changed its name to B3 S.A. - Brasil, Bolsa, Balcão in June 2017.

B3 S.A. - Brasil, Bolsa, Balcão was incorporated in 2007 and is headquartered in São Paulo, Brazil.

www.b3.com.br

Analyst Ratings

Consensus of 1 Wall Street analyst · sourced from Yahoo Finance

None

On a 1–5 scale: 1 = Strong Buy, 3 = Hold, 5 = Sell. Lower is more bullish.

12-Month Price Target

Low
$13.00
Average
$13.00
High
$13.00

The average target is +56.25% above the current price of $8.32.

Financial Results

Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).

Financial Health

Margins, leverage and cash-flow quality derived from B3 (Brasil Bolsa Balcão)'s income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Strong

Net Margin
47.0%
ROE
27.2%
Rev Growth (YoY)
+4.81%
Net Debt / EBITDA
1.42×
Current Ratio
2.09×
Interest Coverage
4.02×
Free Cash Flow
6.25B
Payout Ratio
—

Income — Margins & Efficiency

MetricLast 12MQ2'25 – Q1'26Δ2025Δ2024Δ2023Δ2022
Revenue$2,031,891,850+10.5%$1,838,388,116+20.5%$1,526,257,952-17.0%$1,838,453,466+6.9%$1,719,565,908
Gross profit$1,503,153,790+11.2%$1,351,478,580+19.4%$1,131,568,009-18.8%$1,393,222,960+4.7%$1,330,130,000
Operating income$1,333,959,521+11.7%$1,194,093,349+22.0%$978,446,560-8.0%$1,063,876,335+2.3%$1,039,573,856
EBITDA$1,980,338,161+19.8%$1,653,275,446+27.5%$1,297,145,308-20.7%$1,635,585,131+5.0%$1,557,560,080
Net profit$954,496,611+14.0%$837,372,448+13.0%$740,798,815-13.0%$851,908,993+6.5%$799,692,881
Gross margin74.0%+0.5 p.p.73.5%-0.6 p.p.74.1%-1.6 p.p.75.8%-1.6 p.p.77.4%
Operating margin65.7%+0.7 p.p.65.0%+0.8 p.p.64.1%+6.2 p.p.57.9%-2.6 p.p.60.5%
EBITDA margin97.5%+7.5 p.p.89.9%+4.9 p.p.85.0%-4.0 p.p.89.0%-1.6 p.p.90.6%
Net margin47.0%+1.4 p.p.45.5%-3.0 p.p.48.5%+2.2 p.p.46.3%-0.2 p.p.46.5%
Revenue growth (YoY)4.8%-2.0 p.p.6.8%+1.0 p.p.5.7%+7.6 p.p.-1.9%——
Effective tax rate33.3%-0.6 p.p.34.0%+8.7 p.p.25.3%-0.4 p.p.25.6%-1.4 p.p.27.0%
Interest coverage4.02×-20.2%5.04×-10.8%5.65×+6.0%5.33×+2.8%5.18×

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Balance Sheet — Health & Leverage

MetricLast 12MQ2'25 – Q1'26Δ2025Δ2024Δ2023Δ2022
Net debt$2,821,968,302+12.1%$2,517,191,666+27.6%$1,973,478,852-25.9%$2,663,455,115+38.7%$1,920,178,443
Net Debt / Equity0.80×+1.6%0.79×+19.1%0.66×+4.2%0.64×+27.3%0.50×
Net Debt / EBITDA1.42×-6.4%1.52×+0.1%1.52×-6.6%1.63×+32.1%1.23×
Debt / Equity0.85×-3.3%0.88×+17.2%0.75×+3.8%0.73×+15.2%0.63×
Current ratio2.09×+9.8%1.91×+15.1%1.66×+6.9%1.55×-15.8%1.84×
Return on equity (ROE)27.2%+0.9 p.p.26.3%+1.4 p.p.24.9%+4.5 p.p.20.4%-0.5 p.p.20.8%
Return on assets (ROA)10.2%+0.7 p.p.9.5%-0.7 p.p.10.1%+1.7 p.p.8.4%-0.5 p.p.8.9%
Book value / share$0.70+10.9%$0.63+12.0%$0.56-24.2%$0.74+12.3%$0.66

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Net Debt & Leverage

Free Cash Flow

Margins

Dividend Payout Ratio

Capex ÷ Revenue

Cash Conversion (operating cash flow ÷ net income)

Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.

Valuation & Dividends

P/E Ratio History

Dividend History

This year (YTD) $0.17/share · yield 2.07%

Dividends and yield from Yahoo Finance (per ADR share, in US dollars). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.

Listings

B3 (Brasil Bolsa Balcão) trades on 3 exchanges. Prices on this page are the OTC ADR (BOLSY).

ExchangeTickerCurrency
OTCpriced hereBOLSYUSD
B3 (São Paulo)B3SA3BRL
FrankfurtYBV0EUR

Frequently Asked Questions

Why hold B3 (Brasil Bolsa Balcão) BOLSY ADR instead of local B3 B3SA3 shares?

Buying directly on Brazil’s B3 exchange means opening a local brokerage account, converting currency and dealing with Brazilian tax paperwork. ADRs remove that friction: they settle in dollars, follow US market hours, and report in formats foreign investors already understand.

The trade-off is that an ADR’s price reflects two moving parts: (1) the underlying share price, quoted in reais on the B3, and (2) the USD/BRL exchange rate. Because of that second part, a rising company can still deliver a flat, or even negative, dollar return if the real weakens against the dollar. The same applies to ETFs: funds such as EWZ, EWZS and FLBR bundle dozens of these companies into a single ticker for instant diversification, but their dollar value still moves with the real.

Where is B3 (Brasil Bolsa Balcão) listed?

B3 (Brasil Bolsa Balcão) trades on 3 exchanges. The line quoted on this page is OTC in the United States (BOLSY, US dollars). It also trades on B3 (São Paulo) in Brazil (B3SA3, Brazilian reais) and Frankfurt in Germany (YBV0, euros).

On how many exchanges does B3 (Brasil Bolsa Balcão) trade?

3. OTC — BOLSY (USD) · B3 (São Paulo) — B3SA3 (BRL) · Frankfurt — YBV0 (EUR). Prices shown on this page are the OTC line, BOLSY.

What is B3 (Brasil Bolsa Balcão)'s primary listing?

B3 (Brasil Bolsa Balcão)'s primary listing is on the B3 in Brazil, where the shares trade as B3SA3 in reais — the company's home market. The OTC line quoted on this page is an ADR over those same shares: it gives you the asset in US dollars, on US market hours, without opening a Brazilian brokerage account or trading in reais.

What is the difference between BOLSY and B3SA3?

They are the same company and, economically, the same asset. B3SA3 is the original Brazilian share, listed on the B3 and quoted in reais. BOLSY is an American Depositary Receipt over that share, listed on the OTC and quoted in US dollars — a wrapper whose purpose is to give foreign investors access to the Brazilian asset without opening an account in Brazil. The BOLSY price therefore tracks two things: B3SA3 in reais, and the USD/BRL exchange rate.

How can I buy B3 (Brasil Bolsa Balcão) stock in Europe?

B3 (Brasil Bolsa Balcão) trades in euros on one European venue: Frankfurt in Germany (YBV0). A European broker with access to that market can buy it in EUR, with no currency conversion on your side. The price shown on this page is the OTC line (BOLSY), quoted in US dollars.

How can I buy B3 (Brasil Bolsa Balcão) stock in the United States?

B3 (Brasil Bolsa Balcão) is listed on the OTC under BOLSY, priced in US dollars. Any US brokerage offering over-the-counter securities can trade it, with no foreign-account paperwork and no currency conversion.

As of Fri, Aug 14, 17:00 BRT · Market closed

Financial data last updated: August 14, 2026

← All stocks & ETFs