XP (XP) Stock Price

XP Price

NASDAQ·CLOSED
15.85BRL
Market closed

Over the last 8 years XP grew revenue by 38.6% annually, reaching 17.03 B BRL. Earnings per share have grown at 48.8% per year over the last 8 years. For XP, the net margin of 26.5% is up versus 25.5% a few years ago. At today's price the dividend yield works out to roughly 4.1%. The payout ratio is around 41% of earnings.

XP stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of XP over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how XP stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing XP's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

XP Stock Price History
DateXP Price
Access this data via the Eulerpool API

XP Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2022
13.35 B BRL
3.87 B BRL
3.58 B BRL
Jan 1, 2023
14.86 B BRL
4.56 B BRL
3.9 B BRL
Jan 1, 2024
17.03 B BRL
5.75 B BRL
4.51 B BRL
Invalid Date
18.91 B BRL
5.87 B BRL
5.52 B BRL
Invalid Date
21.23 B BRL
6.89 B BRL
6.04 B BRL
Invalid Date
24.16 B BRL
7.97 B BRL
6.82 B BRL
Invalid Date
26.49 B BRL
0 BRL
0 BRL
Invalid Date
29.36 B BRL
0 BRL
0 BRL

XP Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 7, 2026, 11:30 AM
 
REVENUE (B BRL)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M BRL)
NET INCOME (B BRL)
NET INCOME GROWTH (%)
DIV. (BRL)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
202320242025e2026e2027e2028e2029e2030e
14.8617.0318.9121.2324.1626.4929.3631.99
11.3414.611.0412.2613.819.6510.848.95
--------
00000000
3.94.515.526.046.82---
8.9115.7822.349.3812.87
1.310.650.187.517.35---
-50.38-72.314,072.22-2.13
544.21548.32548.32548.32548.32548.32548.32548.32
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales XP generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue XP retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare XP's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares XP has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against XP's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

XP stock margins

The XP margin analysis displays the gross margin, EBIT margin, as well as the profit margin of XP. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for XP.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2020
0 %
30.97 %
25.47 %
Jan 1, 2021
0 %
32.81 %
29.72 %
Jan 1, 2022
0 %
28.97 %
26.82 %
Jan 1, 2023
0 %
30.67 %
26.24 %
Jan 1, 2024
0 %
33.75 %
26.5 %
Invalid Date
0 %
31.05 %
29.2 %
Invalid Date
0 %
32.44 %
28.45 %
Invalid Date
0 %
32.99 %
28.21 %

XP Stock Revenue, EBIT, Earnings per Share

The XP earnings per share therefore indicates how much revenue XP has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2020
14.58 BRL
4.52 BRL
3.71 BRL
Jan 1, 2021
21.08 BRL
6.92 BRL
6.26 BRL
Jan 1, 2022
23.29 BRL
6.75 BRL
6.25 BRL
Jan 1, 2023
27.31 BRL
8.38 BRL
7.16 BRL
Jan 1, 2024
31.06 BRL
10.48 BRL
8.23 BRL
Invalid Date
34.49 BRL
10.71 BRL
10.07 BRL
Invalid Date
38.72 BRL
12.56 BRL
11.01 BRL
Invalid Date
44.06 BRL
14.54 BRL
12.43 BRL

XP business model & stock analysis

Xp Inc is a Brazilian company that was founded in Sao Paulo in 2001 and operates as a financial services provider. The company is one of Brazil's largest digital investment platforms and offers a variety of products and services to a broad target audience of investors who want to invest their money effectively. The business model of XP Inc is based on the concept of asset management. As an online platform, the company offers a comprehensive selection of investment products such as stocks, bonds, funds, ETFs, commodities, and currencies. In addition to asset management, XP also provides investment advisory, financial education, and online tools to help investors make informed decisions and optimize their portfolios. XP Inc has various business segments including investments, wealth management, fund business, asset management, and insurance. Each of these segments offers investment opportunities tailored to the different needs and goals of investors. XP Investments is the core of the company and provides direct investment and trading services. Additionally, XP also offers wealth management services to affluent clients who want to manage individual portfolios and develop strategies to achieve their investment goals. XP Fund Business is a segment that specializes in offering investment funds in various categories. These include equity funds, bond funds, commodity funds, and alternative investment funds. The funds are managed by an independent investment committee selected based on criteria such as performance, risk, and liquidity. XP Asset Management is a segment that operates as an asset manager for affluent clients and institutions. The team of experienced investment experts uses a disciplined investment strategy to create a balanced portfolio of investment products tailored to the needs of clients. XP Insurance offers a wide range of insurance products tailored to the needs of customers. These include life insurance, accident and health insurance, liability insurance, and more. XP Inc has pursued a strong growth strategy in recent years and has reached over 2 million customers with an investment volume of over 50 billion US dollars. The company has also expanded and opened branches in several countries such as the United States, Portugal, and Switzerland. Xp Inc is an innovative company that is always striving to improve and expand its services and products to meet customer expectations. With a wide range of investment products, an efficient digital platform, and excellent customer support, XP Inc is one of Brazil's top financial services companies.

XP SWOT Analysis

Strengths

XP Inc has several strengths that contribute to its success:

  • Strong market presence and brand recognition
  • Diversified and innovative product offerings
  • Robust technology infrastructure
  • Extensive distribution network
  • Highly skilled and experienced management team

Weaknesses

However, XP Inc also faces certain weaknesses:

  • Reliance on a specific market segment
  • Uncertainty in regulatory environment
  • Higher operating costs compared to some competitors
  • Limited geographical presence

Opportunities

Opportunities that XP Inc can capitalize on include:

  • Expanding into new markets and customer segments
  • Continued growth of digital and online financial services
  • Increasing demand for investment and wealth management services
  • Partnerships and acquisitions to enhance product offerings

Threats

XP Inc faces several threats that may impact its performance:

  • Intense competition from traditional financial institutions and fintech startups
  • Market volatility and economic downturns
  • Changing customer preferences and expectations
  • Regulatory changes and compliance challenges

XP Eulerpool Fair Value

XP historical P/E ratio, EBIT multiple, and P/S ratio

XP annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

XP shares outstanding

The number of shares of XP was 548.319 M in 2025. This indicates how many shares XP is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
559 M base_Shares
Jan 1, 2021
573 M base_Shares
Jan 1, 2022
573 M base_Shares
Jan 1, 2023
544.21 M base_Shares
Jan 1, 2024
548.32 M base_Shares
Invalid Date
548.32 M base_Shares
Invalid Date
548.32 M base_Shares
Invalid Date
548.32 M base_Shares

XP Dividend History

3 years of dividend payments

YearAnnual DividendYoY ChangePayments
20250.18BRL 72.3%
Dec 10, 20250.18BRL 72.3%1/1
20240.65BRL 50.6%
20231.31BRL

XP dividend history and estimates

In 2025, XP paid a dividend amounting to 0.18 BRL. Dividend means that XP distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2023
1.31 BRL
0 BRL
Jan 1, 2024
0.65 BRL
0 BRL
Jan 1, 2025
0.18 BRL
0 BRL
Invalid Date
0 BRL
7.51 BRL
Invalid Date
0 BRL
7.35 BRL

XP dividend payout ratio

In 2025, XP had a payout ratio of 68.18%. The payout ratio indicates the percentage of the company's profits that XP distributes as dividends.
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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2020
68.18 %
Jan 1, 2021
68.18 %
Jan 1, 2022
68.18 %
Jan 1, 2023
95.35 %
Jan 1, 2024
41.01 %
Invalid Date
68.18 %
Invalid Date
68.18 %
Invalid Date
59.12 %
Price targets and forecasts for XP are not yet available.

XP Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/18/20262.64BRL5.04 BBRL2026 Q1
5/5/20262.64BRL5.05 BBRL2026 Q1
2/24/20262.59BRL4.93 BBRL2025 Q4
11/17/20252.5BRL4.77 BBRL2025 Q3
8/18/20252.42BRL4.67 BBRL2025 Q2
11/19/20242.25BRL4.49 BBRL2024 Q3
11/11/20242.25BRL4.48 BBRL2024 Q3
5/13/20242.25BRL4.26 BBRL2024 Q1
2/14/20242.09BRL4.42 BBRL2023 Q4
11/6/20232.16BRL4.48 BBRL2023 Q3

EESG©

Eulerpool ESG Scorecard© for the XP stock

71/100
99
Environment
99
Social
16
Governance
E

Environment

20
Scope 1 - Direct Emissions1,410.08
Scope 2 - Indirect emissions from purchased energy522.27
Scope 3 - Indirect emissions within the value chain4,448.53
Total CO₂ emissions1,932.35
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees34.378
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

XP shareholder structure

% Name
7.58848%
Capital World Investors
Capital World Investors
6.25702%
Dodge & Cox
Dodge & Cox
4.65381%
General Atlantic LLC
General Atlantic LLC
4.62725%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
2.72088%
Santander Rio Asset Management G.F.C.I.S.A.
Santander Rio Asset Management G.F.C.I.S.A.
1.9799%
Arrowstreet Capital, Limited Partnership
Arrowstreet Capital, Limited Partnership
...

XP Executives and Management Board

GB

Mr. Guilherme Benchimol

(48)

Independent Chairman of the Board · since 2001

TM

Mr. Thiago Maffra

(40)

Chief Executive Officer

VF

Mr. Victor Farinassi

(35)

Chief Financial Officer

FA

Mr. Fabricio de Almeida

(42)

General Counsel · since 2019

BB

Mr. Bernardo Botelho

(49)

Independent Director

Frequently asked questions about XP

The main competitors of Xp Inc in the market are Brokerage firms such as Itau Unibanco Holding SA, Banco Bradesco SA, and Banco BTG Pactual SA. These firms also operate in the financial services industry and offer similar products and services to individual and institutional clients. Xp Inc competes with these companies in terms of client acquisition, product offerings, customer service, and market share.

All fundamentals and in-depth analysis of XP

Our stock analysis for XP stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of XP. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.