Intellectual Capital (IC) has been widely studied in various countries, especially Indonesia. However, there are still inconsistencies in research results. Some researchers find evidence that IC has an effect on financial performance. Some other researchers found results that IC had no effect on the company's financial performance. Therefore, the researchers tried to conduct research on the effect of IC on the company's financial performance. This study uses a case study on the financial sector listed on the Indonesia Stock Exchange (IDX) for the period 2012-2021. The financial sector was chosen because it is considered to have the most intensive IC. In addition, this study also attempts to prove that each sub-sector has a different IC contribution to the company's financial performance. IC is measured using value added intellectual capital (VAIC) while financial performance is measured using return on assets (ROA), return on equity (ROE) and market to book value (M/B). The control variables used in this study are size and leverage. This study uses panel regression analysis with the help of E-views. The results of the study are able to prove that IC has an effect on the company's financial performance as measured by ROA and ROE. Meanwhile, IC has no effect on the company's financial performance as measured by using M/B. In addition, this study proves that each sub-sector has a different IC contribution to the company's financial performance.

Keywords: Financial Performance, Intellectual Capital, VAIC, ROA, ROE, M/B, Size, Leverage.