Itaú Valuation Multiples

Itaú is valued at $111B as of October 2026, a 3.0x revenue multiple. In the last 12 months, Itaú revenue was $37B.

See full Itaú profile

Itaú Overview

About Itaú

Itau Unibanco is a Brazilian financial group headquartered in Sao Paulo and the largest private bank in Brazil. It was formed in 2008 by the merger of Banco Itau and Unibanco, and its shares trade on the Sao Paulo stock exchange under ITUB4 and on the New York Stock Exchange. The group offers retail and commercial banking, credit cards, insurance, asset management, private banking and investment banking through Itau BBA, and it operates in Argentina, Chile, Paraguay, Uruguay, Colombia and other markets in Latin America. It has grown through acquisitions, among them BankBoston in 2006, Redecard in 2012 and a stake in XP in 2017, and through minority investments in fintechs such as Avenue, Prex and Handy. In 2025 its private banking arm passed R$1 trillion of assets under management and administration.


Founded

1943

HQ

Brazil

Employees

92.5K

Financials (LTM)

Revenue: $37B
Net Income: $9.7B

EV

$111B

Valuation Multiples

Start free trial

Valuation Multiples for 15K+ Public Comps

AdidasAirbnbAmazonCiscoCoca-ColaDellDropboxIBMIntelMcDonaldsNikeNVIDIASamsungSpotifyTeslaToyota
Browse Valuation Multiples

Itaú Financials

Itaú reported last 12-month revenue of $37B.

In the same LTM period, Itaú generated $9.7B in net income.

Revenue (LTM)


Itaú P&L

In the most recent fiscal year, Itaú reported revenue of $33B and net income of $8.9B.

Itaú is profitable as of last fiscal year, with net margin of 27%.

See analyst estimates for Itaú
LTMLast FY202320242025202620272028
Revenue$37B$33B$29B$31B$33B
EBIT Margin47%46%--46%
Net Profit$9.7B$8.9B$6.5B$8B$8.9B
Net Margin26%27%22%26%27%
Net Debt-$57B---

Financial data powered by Morningstar, Inc.

Itaú Stock Performance

Itaú has current market cap of $111B, and enterprise value of $111B.

Market Cap Evolution


Itaú's stock price is $10.47.

Itaú share price increased by 12.5% in the last 30 days, and by 46.1% in the last year.

Itaú has an EPS (earnings per share) of $0.84.

See more trading valuation data for Itaú
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$111B$111B2.4%12.5%22.6%46.1%$0.84

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.

Start Free Trial

Itaú Valuation Multiples

Itaú trades at 3.0x EV/Revenue multiple.

See NTM and 2027E valuation multiples for Itaú

EV / Revenue (LTM)


Itaú Financial Valuation Multiples

As of October 21, 2026, Itaú has market cap of $111B and EV of $111B.

Itaú has a P/E ratio of 11.4x.

LTMLast FY202320242025202620272028
EV/Revenue3.0x3.4x3.8x3.6x3.4x
EV/EBIT6.4x7.3x--7.3x
P/E11.4x12.5x17.1x13.8x12.5x
EV/FCF-20.5x8.3xn/m20.5x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Itaú Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

FactSetMorningstar
Start Free Trial

Itaú Margins & Growth Rates

Itaú grew revenue by 17% and net profit by 12% in the last fiscal year.

In the most recent fiscal year, Itaú reported net margin of 27%.

See estimated margins and future growth rates for Itaú

Itaú Margins

Last FY202420252026202720282029
EBIT Margin46%-46%46%
Net Margin27%26%27%26%
FCF Margin17%0%17%-

Itaú Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth17%7%5%17%
EBIT Growth17%--17%
Net Profit Growth12%24%11%12%
FCF Growth-(99%)4970%-

Data powered by FactSet, Inc. and Morningstar, Inc.

Itaú Operational KPIs

Itaú's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.

Access forward-looking KPIs for Itaú
LTMLast FY202320242025202620272028
Revenue per Employee-$0.4M---
Opex per Employee-$0.2M---
S&M Expenses to Revenue-1%1%1%1%
G&A Expenses to Revenue-10%11%13%10%
Opex to Revenue38%51%51%50%51%

Data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Last FYEV/RevenueEV/EBITDA
RevenueLast FYLTM2027ELast FYLTM2027E
Scotiabank$26B4.3x3.9x--
BNP Paribas$77B1.4x1.7x--
HDFC Bank$26B4.4x5.5x--
Bank of Montreal$26B4.5x4.2x--
Intesa Sanpaolo$32B3.6x3.6x--
Mizuho Financial Group$27B4.4x4.8x--
ICICI Bank$24B4.4x7.6x--
Bank of Communications$39B2.6x2.5x--

This data is available for Pro users. Sign up to see all Itaú competitors and their valuation data.

Start Free Trial

Acquisitions by Itaú

Itaú has acquired 11 companies to date.

Last acquisition by Itaú was on December 16th 2025. Itaú acquired Klap for $44M (EV/Revenue multiple available to Pro users).

See M&A valuation multiples

Latest Acquisitions by Itaú

Klap
Plexo
Resonance Uruguay
Ideal CTVM
Description
-
Plexo is a Uruguayan payments technology company based in Montevideo that focuses on e-commerce. It provides a digital payments solution that lets local businesses process electronic payments in a simple, secure and efficient way. Its director has said the company has empowered local firms with tools to process electronic payments since it started. At the end of 2024 Banco Itau announced the purchase of 100% of its share capital, subject to regulatory approval in Uruguay and Brazil. The acquisition widened the group's Uruguayan payments business, which already included the card issuer OCA, the point-of-sale firm Resonance Uruguay and stakes in the fintechs Prex, Paigo and Handy. Plexo sells to online merchants and works as a payment gateway between shops and card networks and banks in the local market.
Resonance Uruguay is a Uruguayan company specialised in point-of-sale payment systems for credit, debit and prepaid cards. It also offers business management systems, electronic top-up sales and financial correspondent services to merchants. It manages more than 8,000 devices and is the official representative of Ingenico equipment in Uruguay. The company had about 15 years in the Uruguayan market in March 2022 and its founder and chief executive is Paul Beare. In March 2022 the Itau group, through its Uruguayan card business OCA, agreed to become majority shareholder with 56% of the share capital, subject to approval from the central banks of Brazil and Uruguay. OCA has belonged to Itau Unibanco since 2007, has more than 500,000 customers and about 30,000 affiliated merchants.
Ideal CTVM is a São Paulo-based financial intermediation firm in Brazil. The company provides trading technology platforms for institutional investors in equities, fixed income, and derivatives markets. Profitable since inception in 2010, Ideal CTVM executes high-frequency trades and offers algorithmic tools to hedge funds and banks.
HQ CountryChileUruguayUruguayBrazil
HQ City
-
Montevideo
Montevideo
São Paulo
Deal Date16 Dec 20251 Dec 202418 Mar 202213 Jan 2022
Valuation$44Mundisclosedundisclosed$221M
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Itaú acquisitions and their M&A valuation multiples.

Start Free Trial

Investments by Itaú

Itaú has invested in 17 companies to date.

Latest investment by Itaú was on October 14th 2026. Itaú invested in Prisma Capital in their Strategic investment round.

See VC round multiples

Latest Investments by Itaú

Prisma Capital
Refurbi
Handy
Kanastra
Description
Prisma Capital is a Brazilian alternative asset manager based in Sao Paulo. It was founded in 2017 by Marcelo Hallack, Lucas Canhoto and Joao Mendes, who remain its founding partners. The firm manages about R$28 billion across alternative strategies. In October 2026 Itau agreed to buy just over a third of the company through preferred shares, while the remaining 65% stays with the current partners, who keep voting control. The investment follows the model that Itau used decades ago with its asset manager Kinea. Completion depends on approval from the Brazilian antitrust authority and the central bank. The firm sits among the alternative managers that have built institutional and private client business in Brazil since the late 2010s, and the deal gives Itau a larger presence in that segment of asset management.
Refurbi is a Colombian circular-economy company that refurbishes pre-owned consumer electronics—primarily smartphones, alongside tablets, laptops, smartwatches, and audio devices—and sells them through its own marketplace and partner retail channels. Founded in 2018 in Bogotá by Sebastián Jiménez and Danilo Zúñiga Cano, the company operates a refurbishment facility in Funza, Cundinamarca, and is positioned as Colombia's leading mobile-device refurbisher, distributing products through major retailers and telecom operators such as Cencosud, Telefónica, Panamericana, and Celsia. Beyond direct sales, the platform combines trade-in programs, specialized lifecycle-management software, financing, and insurance solutions for retailers, manufacturers, telcos, and insurers. Refurbi has raised funding from investors including Latin Leap, the Inter-American Development Bank, Banco Itaú, Bridge Latam, Inca Ventures, PSM Impact Ventures, Epic Angels, Colectivo Jaguara, Irie Investment, and Pygma.
Handy is a Uruguayan payments company, operated by Riblinor SA, which is registered and supervised by the Central Bank of Uruguay. It offers merchants a point-of-sale terminal, QR and payment link sales, a payment gateway, automatic debit, small business loans, installment sales, a cash register system, electronic invoicing and supplier payments, with more than 25 payment methods under one contract. Its main shareholder is the Uruguayan investment group Incapital, whose director Martin Guerra leads the business. In October 2023 it served about 20,000 merchants and it projected 30,000 by the end of 2024. Banco Itau took a 40% stake in 2023 as part of its digital inclusion strategy in Uruguay and later raised it to 75%.
Kanastra is a Brazilian financial-infrastructure and software company founded in 2022. It provides fiduciary administration, asset management, custody, distribution and operating software for structured investment funds, including receivables funds and private-equity vehicles. Originators, investment managers and institutional investors use its interfaces and application programming interfaces to register assets, reconcile payments, monitor eligibility, manage cash and produce regulatory reporting. The company also structures securitizations and supports debentures, real-estate and agribusiness receivables certificates and other credit instruments. Its banking products include escrow and payment accounts, billing, commercial notes and bank credit notes. Kanastra earns administration, management, custody, distribution, software and banking-service fees rather than operating as a general business-software vendor. Its acquisition of Limine DTVM and Tercon Asset Management expanded the regulated administration, custody and FIDC-management capabilities offered through the group.
HQ CountryBrazilColombiaUruguayBrazil
HQ City
Sao Paulo
Bogotá
Montevideo
Uberlândia
Deal Date14 Oct 202626 Jan 20261 Dec 20251 Oct 2025
RoundStrategic investmentSeedStrategic investmentSeries B
Raisedundisclosed$4Mundisclosed$30M
InvestorsItaúLatin Leap; Inter American Development Bank; Impact Ventures; Itaú; Epic AngelsItaúItaú; Kaszek; F-Prime; International Finance Corporation; Valor Capital Group; Quona Capital
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Itaú investments and their VC round multiples.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

About Itaú

When was Itaú founded?Itaú was founded in 1943.
Where is Itaú headquartered?Itaú is headquartered in Brazil.
How many employees does Itaú have?As of today, Itaú has over 92K employees.
Who is the CEO of Itaú?Itaú's CEO is Milton Maluhy Filho.
Is Itaú publicly listed?Yes, Itaú is a public company listed on B3.
What is the stock symbol of Itaú?Itaú trades under ITUB3 ticker.
When did Itaú go public?Itaú went public in 2004.
Who are competitors of Itaú?Itaú main competitors include Scotiabank, BNP Paribas, HDFC Bank, Bank of Montreal, Intesa Sanpaolo, Mizuho Financial Group, ICICI Bank, Bank of Communications, Canadian Imperial Bank of Commerce, OCBC Bank.
What is the current market cap of Itaú?Itaú's current market cap is $111B.
What is the current revenue of Itaú?Itaú's last 12 months revenue is $37B.
What is the current revenue growth of Itaú?Itaú revenue growth (NTM/LTM) is 10%.
What is the current EV/Revenue multiple of Itaú?Current revenue multiple of Itaú is 3.0x.
What is the current net income of Itaú?Itaú's last 12 months net income is $9.7B.
How many companies Itaú has acquired to date?As of October 2026, Itaú has acquired 11 companies.
What was the largest acquisition by Itaú?$221M acquisition of Ideal CTVM on 13th January 2022 was the largest M&A Itaú has done to date.
In how many companies Itaú has invested to date?As of October 2026, Itaú has invested in 17 companies.
What was the last Itaú investment?On 14th October 2026 Itaú invested in Prisma Capital, participating in a Strategic investment round.
In what companies Itaú invested in?Itaú invested in XP Investimentos, Vicentin S.A.I.C., Carbonplace, Kanastra, NeoSpace AI, Quanto, tembici., Pointsville, Tenchi Security, Paketá, Refurbi, Arcus Financial Intelligence, Handy, Prex, Prisma Capital, Avenue, and Paigo.

See public comps similar to Itaú

Lists including Itaú

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial