XP (XP) Stock Price

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XP Price

🇧🇷NASDAQ·CLOSED

101.29BRL

Market closed

Today +/-

-9.50 BRL

Today %

-8.96 %

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XP (XP) — ISIN KYG982391099. The XP stock price was 101.29 BRL in 2026. Revenue was 21.23 B BRL. Earnings were 6.04 B BRL. P/E ratio was 9.2. XP operates in the Finance sector.

XP stock price

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Stock Price

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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

Date	XP Price
3/5/2026	101.29 BRL
2/27/2026	110.79 BRL
2/26/2026	112.81 BRL
2/25/2026	114.77 BRL
2/23/2026	112.31 BRL
2/20/2026	119.14 BRL
2/19/2026	114.69 BRL
2/18/2026	104.36 BRL
2/17/2026	102.90 BRL
2/13/2026	103.36 BRL
2/12/2026	102.92 BRL
2/11/2026	105.65 BRL
2/10/2026	103.48 BRL
2/9/2026	106.63 BRL
2/6/2026	101.27 BRL
2/5/2026	99.29 BRL
2/4/2026	98.99 BRL

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XP Revenue, EBIT, Net Income

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Revenue

EBIT

Net Income

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XP Income Statement, Balance Sheet, Cash Flow Statement

Last updated Mar 6, 2026, 9:50 AM

REVENUE (B BRL)

REVENUE GROWTH (%)

GROSS MARGIN (%)

GROSS INCOME (M BRL)

NET INCOME (B BRL)

NET INCOME GROWTH (%)

SHARES (M)

DOCUMENTS

2016	2017	2018	2019	2020	2021	2022	2023	2024	2025e	2026e	2027e	2028e	2029e	2030e
1.25	1.91	2.96	5.13	8.15	12.08	13.35	14.86	17.03	18.91	21.23	24.16	26.49	29.36	31.99
–	52.32	55.11	73.36	58.97	48.15	10.52	11.34	14.60	11.04	12.26	13.81	9.65	10.84	8.95
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
0.19	0.41	0.46	1.08	2.08	3.59	3.58	3.9	4.51	5.52	6.04	6.82	0	0	0
–	119.05	11.35	134.27	92.22	72.88	-0.28	8.91	15.78	22.34	9.38	12.87	–	–	–
552	552	552	552	559	573	573	544.21	548.32	548.32	548.32	548.32	548.32	548.32	548.32
–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

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Income Statement Key Figures

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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.

ASSETS

CASH BALANCE (B BRL)

RECEIVABLES (M BRL)

OTHER RECEIVABLES (M BRL)OTHER REC. (M BRL)

INVENTORIES (M BRL)

OTHER CURRENT ASSETS (B BRL)OTHER CURRENT LIAB. (B BRL)

CURRENT ASSETS (B BRL)

TANGIBLE ASSETS (M BRL)

LONG-TERM INVESTMENTS (B BRL)LONG-T. INVEST. (B BRL)

LONG-TERM RECEIVABLES (M BRL)LONG-T. REC. (M BRL)

INTANGIBLE ASSETS (B BRL)INTANGIBLE ASSETS (B BRL)

GOODWILL (M BRL)

OTHER NON-CURRENT ASSETS (B BRL)OTHER NON-CURRENT ASSETS (B BRL)

NON-CURRENT ASSETS (B BRL)

TOTAL ASSETS (B BRL)

LIABILITIES

COMMON STOCK (M BRL)

ADDITIONAL PAID-IN CAPITAL (M BRL)

RETAINED EARNINGS (B BRL)

OTHER EQUITY (M BRL)OTHER EQUITY (M BRL)

UNREALIZED GAINS/LOSSES (M BRL)UNREAL. GAINS/LOSSES (M BRL)

EQUITY (B BRL)

LIABILITIES (M BRL)

PROVISIONS (M BRL)

OTHER SHORT-TERM LIABILITIES (B BRL)OTHER SHORT-TERM LIAB. (B BRL)

SHORT-TERM DEBTS (B BRL)SHORT-TERM DEBTS (B BRL)

SHORT-TERM PORTION OF LONG-TERM DEBTS (B BRL)LONG-TERM DEBT PORTION (B BRL)

SHORT-TERM RECEIVABLES (B BRL)SHORT-TERM REC. (B BRL)

LONG-TERM LIABILITIES (B BRL)LONG-T. LIAB. (B BRL)

DEFERRED TAXES (M BRL)

OTHER LIABILITIES (B BRL)OTHER LIAB. (B BRL)

LONG-TERM LIABILITIES (B BRL)LONG-T. LIABILITIES (B BRL)

DEBT (B BRL)

TOTAL CAPITAL (B BRL)

2017	2018	2019	2020	2021	2022	2023	2024

0.15	0.07	0.11	1.95	2.49	3.55	3.94	5.61
129.83	219.2	462.03	506.36	469.09	597.89	681.19	778.94
42.05	183.35	243.32	127.62	153.32	163.25	245.21	452.56
0	0	0	0	0	0	0	0
0.07	0.1	0.09	1.39	3.98	4.24	4.42	4.36
0.39	0.57	0.9	3.98	7.09	8.55	9.29	11.21
47.07	99.13	369.94	387.17	598.47	569.39	655.17	763.1
5.41	14.67	37.34	78.91	105.53	147.93	179.34	249.01
0	0	0	0	0	0	0	0
0.48	0.5	0.55	0.71	0.82	0.84	2.5	2.63
0	0	0	0	0	0	0	0
0.23	0.15	0.28	0.51	1.27	1.61	2.1	2.89
6.17	15.43	38.55	80.51	108.22	150.95	184.6	255.3
6.56	16	39.45	84.49	115.31	159.51	193.89	266.5

254.62	927.92	0.02	0.02	0.02	0.02	0.03	0.03
0	0	0	0	0	0	0	0
0.69	0.95	6.94	10.66	14.92	19.16	19.19	20.94
203.45	209.17	209.93	230.64	-334.56	-133.91	376.45	-673.98
0	0	0	0	0	0	0	0
1.14	2.08	7.15	10.89	14.59	19.02	19.57	20.27
71.58	134.58	266.81	859.55	867.53	617.39	948.22	763.47
0	0	0	0	0	0	0	0
0.36	0.35	0.84	1.1	1.57	1.33	1.71	1.73
1.23	7.9	17.66	34.08	28.95	45.32	53.76	87.03
0.13	0.11	0.49	0.24	1.83	3.96	4.54	3.32
1.78	8.5	19.25	36.28	33.22	51.23	60.95	92.84
0.74	0.76	0.98	0.59	4.59	3.78	3.5	5.42
6.81	12.03	5.13	8.35	28.93	111.04	86.36	265.29
3.46	6.35	16.22	48.26	87.09	119.87	165.05	228.88
4.2	7.13	17.21	48.85	91.7	123.76	168.64	234.57
5.98	15.63	36.47	85.13	124.92	174.99	229.59	327.41
7.13	17.72	43.62	96.03	139.51	194.01	249.16	347.68

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Balance Sheet

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What Is the Balance Sheet?

The balance sheet is a financial snapshot of XP at a specific point in time. It follows the fundamental equation: Assets = Liabilities + Shareholders' Equity. Unlike the income statement (which covers a period), the balance sheet tells you what the company owns, what it owes, and what belongs to shareholders at a given date.

Assets

Current assets (cash, receivables, inventory) can be converted to cash within 12 months and indicate short-term liquidity. Non-current assets (property, equipment, intangible assets, goodwill) represent long-term investments. A high proportion of cash and short-term investments gives XP financial flexibility to weather downturns, fund acquisitions, or return capital to shareholders.

Liabilities

Current liabilities (accounts payable, short-term debt) are obligations due within one year. Non-current liabilities (long-term debt, pension obligations) are due further out. Key ratio to watch: the debt-to-equity ratio (Total Debt ÷ Shareholders' Equity). A ratio below 1.0 is generally healthy, meaning the company is funded more by equity than debt. Highly leveraged companies amplify both gains and losses.

Shareholders' Equity

Equity is the residual value belonging to shareholders after all debts are paid. It includes retained earnings (accumulated profits not paid out as dividends) and paid-in capital. Rising equity year over year is a positive sign — it means XP is building book value. Declining equity, especially when driven by losses or heavy share buybacks funded by debt, warrants closer scrutiny.

Key Ratios to Derive

From the balance sheet, you can calculate the current ratio (current assets ÷ current liabilities; above 1.5 is comfortable), book value per share (equity ÷ shares outstanding), and return on equity (net income ÷ equity; above 15 % is strong). Tracking these ratios over time reveals whether XP is strengthening or weakening its financial position.

2016	2017	2018	2019	2020	2021	2022	2023	2024
0.37	0.58	0.64	1.54	2.42	3.82	3.44	3.94	4.99
23	27	52	90	143	231	205	252	265
0	0	0	0	0	0	0	0	0
-0.4	-0.4	-1.22	-5.56	-1.48	-9.44	-2.74	3	3.28
0.01	0.06	0.07	0.12	0.65	1.94	1.48	1.31	3.06
0	0	54	28	71	81	197	141	349
68	219	202	402	518	783	370	402	542
0	0.26	-0.46	-3.81	1.51	-4.02	1.8	8.13	11.18
-31	-50	-136	-161	-291	-353	-126	-196	-330
-31	-455	-147	-161	-582	-1,150	-371	538	-1,667
0	-404	-10	0	-290	-797	-244	735	-1,337
0	0	0	0	0	0	0	0	0
0	0.83	0.04	0.26	-0.62	5.51	1.61	0.07	-2.39
0.07	0	0.67	4.48	1.41	1.13	-1.81	-0.92	-1.35
0.08	0.58	0.38	4.23	0.79	6.64	-0.2	-4.39	-5.78
186	-51	-3	-12	-4	-3	1	-5	0
-174	-189	-325	-500	0	0	0	-3,542	-2,037
0.05	0.4	-0.21	0.26	1.77	1.09	1.22	4.24	3.7
-26.86	211.37	-593.41	-3,975.44	1,219.2	-4,373.34	1,676.91	7,931.08	10,848.75
0	0	0	0	0	0	0	0	0

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XP Stock Quarterly Figures

REVENUE (B BRL)

REVENUE GROWTH (%)

GROSS MARGIN (%)

GROSS INCOME (M BRL)

NET INCOME (B BRL)

NET INCOME GROWTH (%)

SHARES (M)

2018 Q1	2018 Q2	2018 Q3	2018 Q4	2019 Q1	2019 Q2	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4e	2026 Q1e	2026 Q2e	2026 Q3e	2026 Q4e
0.57	0.8	0.71	0.89	0.93	1.15	1.36	1.69	1.73	1.92	2.1	2.4	2.63	3.02	3.17	3.26	3.12	3.43	3.62	3.18	3.13	3.55	4.13	4.05	4.05	4.22	4.32	4.44	4.34	4.46	4.66	4.93	5	5.14	5.36	5.48
–	39.58	-11.54	25.53	5.42	22.83	18.24	24.80	2.54	10.73	9.38	14.05	9.73	14.84	5.07	2.78	-4.23	9.87	5.57	-12.27	-1.35	13.25	16.43	-2.08	0.17	4.12	2.35	2.80	-2.14	2.56	4.60	5.77	1.44	2.78	4.28	2.16
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
0.14	0.14	0.08	0.11	0.21	0.22	0.26	0.39	0.4	0.54	0.54	0.6	0.73	0.93	0.94	0.99	0.85	0.91	1.03	0.78	0.8	0.98	1.09	1.04	1.03	1.12	1.19	1.18	1.24	1.32	1.32	1.42	1.41	1.48	1.53	1.56
–	1.46	-44.60	46.75	84.96	7.18	14.73	50.97	2.06	35.86	0.37	11.11	22.17	26.88	0.54	5.78	-13.65	6.67	13.06	-24.08	1.66	22.64	11.38	-4.05	-1.15	8.45	6.09	-0.42	4.66	6.72	0.08	7.73	-0.63	4.89	3.11	1.83
551.8	551.8	551.8	551.8	509.25	509.25	509.25	551.8	555.9	555.89	556.57	580.84	572.74	572.27	571.83	577.18	576.78	576.75	573.37	548.13	536.95	531.57	553.6	554.22	556.68	551.49	544.45	540.4	539.53	535.82	534.93	534.93	534.93	534.93	534.93	534.93

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Income Statement Key Figures

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Revenue and Revenue Growth

Gross Margin

EBIT and EBIT Margin

Net Income and Earnings Per Share (EPS)

Shares Outstanding

Analyst Estimates

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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

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XP Stock Sales 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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Sales per Share

EBIT per share

Earnings per Share

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XP business model

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.

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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

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XP Eulerpool Fair Value

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Fair Value Estimate

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What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

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

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XP annual returns

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Annual Return

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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.

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XP shares outstanding

The number of shares was XP in 2025 — This indicates how many shares 548.319 M 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

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XP Dividend History

3 years of dividend payments

YearAnnual DividendYoY ChangePayments

20250.18BRL↓ 72.3%1×

Dec 10, 20250.18BRL↓ 72.3%1/1

20240.65BRL↓ 50.6%1×

20231.31BRL—2×

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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)

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Current XP forecasts and price targets in March 2026

Δ MOM Price Target	null %
Buy	84.21 % (16)
Hold	15.79 % (3)
Sell	null % (0)
12M Price Target	123.51
Last Price	15.72
Currency	BRL
12M Return Potential	685.68 %
LTM Return	0 %

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XP Earnings Estimates

Date	EPS estimate	Revenue Estimate	Quarterly report
2/24/2026	2.59BRL	4.93 BBRL	2025 Q4
11/17/2025	2.5BRL	4.77 BBRL	2025 Q3
8/18/2025	2.42BRL	4.67 BBRL	2025 Q2
11/19/2024	2.25BRL	4.49 BBRL	2024 Q3
11/11/2024	2.25BRL	4.48 BBRL	2024 Q3
5/13/2024	2.25BRL	4.26 BBRL	2024 Q1
2/14/2024	2.09BRL	4.42 BBRL	2023 Q4
11/6/2023	2.16BRL	4.48 BBRL	2023 Q3
8/7/2023	1.92BRL	4.28 BBRL	2023 Q2
5/1/2023	1.87BRL	4.02 BBRL	2023 Q1
2/6/2023	1.72BRL	3.77 BBRL	2022 Q4
11/8/2022	1.64BRL	3.49 BBRL	2022 Q3
8/9/2022	1.66BRL	3.53 BBRL	2022 Q2
5/3/2022	1.66BRL	3.47 BBRL	2022 Q1
2/8/2022	1.54BRL	3.38 BBRL	2021 Q4
11/3/2021	1.54BRL	3.31 BBRL	2021 Q3
8/3/2021	1.3BRL	2.87 BBRL	2021 Q2
5/4/2021	1.11BRL	2.48 BBRL	2021 Q1
2/23/2021	1.09BRL	2.39 BBRL	2020 Q4
11/9/2020	0.93BRL	2.04 BBRL	2020 Q3
8/12/2020	0.76BRL	1.66 BBRL	2020 Q2
5/12/2020	0.58BRL	1.56 BBRL	2020 Q1
3/17/2020	0.41BRL	1.38 BBRL	2019 Q4

EESG©

Eulerpool ESG Scorecard© for the XP stock

71/100

Environment

Social

Governance

Environment

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

Social

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

Governance (Corporate Governance)

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.

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XP shareholders

%	Name	Stocks	Change	Date
7.58848%	Capital World Investors	41,609,086	+1,917,814	6/30/2025
6.25702%	Dodge & Cox	34,308,445	-8,229,400	6/30/2025
4.65381%	General Atlantic LLC	25,517,733	-4,100,000	6/30/2025
4.62725%	BlackRock Institutional Trust Company, N.A.	25,372,074	+2,234,025	6/30/2025
2.72088%	Santander Rio Asset Management G.F.C.I.S.A.	14,919,125	+1,014,854	9/30/2025
1.97990%	Arrowstreet Capital, Limited Partnership	10,856,191	+2,881,898	6/30/2025
1.92730%	MFS Investment Management	10,567,756	+2,207,576	9/30/2025
1.76847%	State Street Investment Management (US)	9,696,864	+125,818	6/30/2025
1.65598%	Arga Investment Management, LP	9,080,037	+9,080,037	9/30/2025
1.47783%	Atmos Capital	8,103,248	-838,703	6/30/2025
1.45936%	Orbis Investment Management Ltd.	8,001,932	+8,001,932	6/30/2025
1.40510%	Squadra Investimentos - Gestão de Recursos Ltda.	7,704,433	-1,547,709	6/30/2025
1.08392%	BlackRock Financial Management, Inc.	5,943,365	+757,541	6/30/2025
1.03090%	Ninety One UK Limited	5,652,624	+3,776,988	9/30/2025
1.02048%	BlackRock Asset Management North Asia Limited	5,595,498	+10,550	7/31/2025
0.96898%	Morgan Stanley & Co. LLC	5,313,103	+1,747,726	6/30/2025
0.93224%	Norges Bank Investment Management (NBIM)	5,111,658	+118,800	6/30/2025
0.84770%	BlackRock Investment Management (UK) Ltd.	4,648,108	+963,086	6/30/2025
0.83495%	Geode Capital Management, L.L.C.	4,578,191	+3,656	6/30/2025
0.82324%	Fisher Investments	4,513,977	+344,714	6/30/2025
0.80064%	BlackRock (Netherlands) B.V.	4,390,053	+1,200,651	6/30/2025
0.79880%	Schroder Investment Management Ltd. (SIM)	4,379,994	+4,379,994	6/30/2025
0.76099%	BofA Global Research (US)	4,172,651	+1,565,759	6/30/2025
0.74245%	Seafarer Capital Partners, LLC	4,071,000		6/30/2025
0.71271%	CPP Investment Board	3,907,937	-497,550	6/30/2025
0.63883%	Voloridge Investment Management, LLC	3,502,827	+1,088,064	6/30/2025
0.62745%	Fidelity Management & Research Company LLC	3,440,446	+239,017	6/30/2025
0.60844%	AQR Capital Management, LLC	3,336,183	+3,118,626	6/30/2025
0.55317%	The Vanguard Group, Inc.	3,033,115	-2,166,667	6/30/2025
0.50241%	Jennison Associates LLC	2,754,791	-82,265	9/30/2025
0.48656%	Schroder Investment Management North America Inc.	2,667,891	+2,667,891	6/30/2025
0.47341%	Legal & General Investment Management Ltd.	2,595,785	-138,849	6/30/2025
0.46976%	BlackRock Asset Management Ireland Limited	2,575,803	+313,801	6/30/2025
0.46058%	BlackRock Asset Management Deutschland AG	2,525,432	+90,369	6/30/2025
0.42155%	Morgan Stanley Investment Management (Singapore)	2,311,434	+2,311,434	6/30/2025
0.41898%	Acadian Asset Management LLC	2,297,353	+2,246,544	6/30/2025
0.41590%	Causeway Capital Management LLC	2,280,437	+2,280,437	6/30/2025
0.37291%	Templeton Asset Management Ltd.	2,044,740	-809,782	6/30/2025
0.35827%	Columbia Threadneedle Investments (US)	1,964,485	+403,626	6/30/2025
0.34839%	Baron Capital Management, Inc.	1,910,290	+248,461	6/30/2025
0.33820%	American Century Investment Management, Inc.	1,854,409	+1,725,021	6/30/2025
0.33141%	Northern Trust Investments, Inc.	1,817,171	-20,644	6/30/2025
0.32080%	Amundi Asset Management, SAS	1,759,022	+890,479	6/30/2025
0.29346%	BNP Paribas Securities Corp. North America	1,609,120	+509,514	6/30/2025
0.29020%	Millennium Management LLC	1,591,237	-662,076	6/30/2025
0.26487%	Ostrum Asset Management	1,452,319	+1,323,470	6/30/2025
0.25315%	J.P. Morgan Securities LLC	1,388,095	+112,005	6/30/2025
0.25010%	First Trust Advisors L.P.	1,371,336	-379,973	6/30/2025
0.24838%	Nuveen LLC	1,361,930	-224,710	6/30/2025
0.23876%	Marshall Wace LLP	1,309,190	+476,755	6/30/2025
0.23829%	Inca Investments, L.L.C.	1,306,590	-51,649	6/30/2025
0.22754%	Federated MDTA LLC	1,247,649	+1,247,649	6/30/2025
0.22615%	Ninety One North America, Inc.	1,240,002	+1,149,395	9/30/2025
0.22405%	CIBC World Markets Corp.	1,228,500	-604,100	6/30/2025
0.22071%	CIBC World Markets Inc.	1,210,200	-301,000	6/30/2025
0.20638%	Los Angeles Capital Management LLC	1,131,643	-1,431,921	9/30/2025
0.20383%	Ohio Public Employees Retirement System	1,117,636	+935,858	6/30/2025
0.19608%	Goldman Sachs & Company, Inc.	1,075,128	+816,310	6/30/2025
0.18891%	Mitsubishi UFJ Trust and Banking Corporation	1,035,825	+59,607	9/30/2025
0.18238%	Praetorian Capital Management, L.L.C.	1,000,000	-200,000	6/30/2025
0.17832%	TRUXT Investimentos Ltda.	977,760	-400,898	12/31/2024
0.17485%	AHL Partners LLP	958,732	-952,410	6/30/2025
0.16856%	UBS Asset Management (Switzerland)	924,260	+97,445	6/30/2025
0.16832%	UBS Asset Management (UK) Ltd.	922,906	+10,662	6/30/2025
0.16683%	TB Capital Gestao de Recursos Ltda	914,777	+914,777	6/30/2025
0.15344%	Schweizerische Nationalbank	841,364	-1,900	6/30/2025
0.14540%	Northern Trust Global Investments Limited	797,256	+24,170	6/30/2025
0.14322%	SEI Investments Management Corporation	785,284	+601,325	6/30/2025
0.14231%	Absolute Gestão de Investimentos Ltda.	780,292	+597,584	6/30/2025
0.14139%	Sumitomo Mitsui Trust Bank, Limited	775,273	+19,257	9/30/2025
0.13913%	Absoluto Partners Gestao de Recursos Ltda	762,871	-48,648	6/30/2025
0.13246%	Macquarie Investment Management Global Ltd.	726,312	+707,853	8/31/2025
0.13193%	California Public Employees' Retirement System	723,423	+48,765	6/30/2025
0.13006%	Two Sigma Investments, LP	713,126	+600,634	6/30/2025
0.12630%	Citi Investment Research (US)	692,522	-134,640	6/30/2025
0.12596%	Crossmark Global Investments, Inc	690,670	+646,062	6/30/2025
0.12316%	Mackenzie Investments	675,329	+312,045	6/30/2025
0.12235%	HRT Financial LP	670,841	+127,771	6/30/2025
0.12229%	Franklin Templeton International Services SARL	670,557	-237,343	6/30/2025
0.12150%	Janney Montgomery Scott LLC	666,184	-38,013	9/30/2025
0.12123%	Morgan Stanley Investment Management Inc. (US)	664,714	+407,317	6/30/2025
0.11674%	PDT Partners, LLC	640,089	+79,149	6/30/2025
0.11647%	Caisse de Depot et Placement du Quebec	638,640	+638,640	6/30/2025
0.11050%	J.P. Morgan Securities plc	605,870	+155,999	6/30/2025
0.10962%	JGP Gestão de Recursos Ltda.	601,071	-253,181	9/30/2025
0.10951%	William Blair Investment Management, LLC	600,465	+600,465	8/31/2025
0.10807%	BNY Mellon Asset Management	592,595	-136,438	6/30/2025
0.10681%	Engineers Gate Manager, L.P.	585,648	+216,786	6/30/2025
0.10518%	Mellon Investments Corporation	576,717	+2,534	6/30/2025
0.10426%	Parametric Portfolio Associates LLC	571,659	+30,176	6/30/2025
0.09985%	Itau Unibanco Asset Management Ltda	547,483	-12,436	8/31/2025
0.09758%	Mediolanum International Funds Limited	535,066	+230,918	6/30/2025
0.09428%	DWS Investments UK Limited	516,970	+32,462	6/30/2025
0.09110%	D. E. Shaw & Co., L.P.	499,517	-1,318,756	6/30/2025
0.09012%	Robeco Institutional Asset Management B.V.	494,170	-160,340	9/30/2025
0.08782%	The Treasurer of the State of North Carolina	481,531	+247,155	6/30/2025
0.08667%	Pictet Asset Management Ltd.	475,255	+122,960	6/30/2025
0.08422%	Assenagon Asset Management S.A.	461,775	+234,351	9/30/2025
0.08358%	Lumyna Investments Ltd	458,299	+331,676	9/30/2024
0.08358%	UBS Financial Services, Inc.	458,258	+141,450	6/30/2025

...

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XP Executives and Management Board

Mr. Guilherme Benchimol

(48)

Independent Chairman of the Board · since 2001

Mr. Thiago Maffra

(40)

Chief Executive Officer

Mr. Victor Farinassi

(35)

Chief Financial Officer

Mr. Fabricio de Almeida

(42)

General Counsel · since 2019

Mr. Bernardo Botelho

(49)

Independent Director

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XP Research

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Most common questions regarding 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.

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Fair ValuePRO

108.95 BRL

Over-/UndervaluationPRO

18.0% undervalued

Expected Return

19.96 %

Sector

Finance

Industry

Investment Banking & Brokerage

Number of shares

548,319,000

Employees

2,429

Revenue per Employee

7.01 M BRL

Revenue growth Ø5 years

15.88 %

EBIT growth Ø5 years

17.88 %

Net Income growth Ø5 years

16.8 %

Website xpinc.com

Country

Brazil 🇧🇷

Currency

BRL

Initial public offering

Dec 11, 2019

ISIN

KYG982391099

Cusip

G98239109

Sedol

BK4Y052

Market capitalization

55.63 B BRLLarge Cap

52-Week Range

98.99–119.14BRL

XP Directors Dealings

Quality Investing

Details

6 / 10

Sales growth (10Y) > 5%

Revenue growth (3Y) > 5 %

EBIT growth (10Y) > 5%

EBIT growth (3Y) > 5 %

Net debt < 4x EBIT

Profitable since 10Y+

EBIT Drawdown (10Y) < 50%

Return on Equity (ROE) > 15%

ROCE > 15%

Return Expectation > 10%

PEG

1.87

P/E ratio

13.64

P/Ee 2025

11.15

P/Ee 2026

10.2

P/Ee 2027

9.03

P/Ee 2028

—

P/Ee 2029

—

P/S

3.62

P/Se

3.26

EV/EBIT

25.37

P/B Ratio

2.78

ROE (Return on Equity)

22.52 %

ROA (Return on Assets)

1.3 %

ROCE (Return on Capital Employed)

28.68 %

ROIC (Return on Invested Capital)

4.1 %

PROUnlock all valuation metrics

Gross Margin

0 %

EBIT Margin

33.75 %

Net Margin

26.5 %

EPS (Earnings Per Share)

8.23 BRL

Net Debt / EBIT

15.69

Debt/Equity

4.78

Dividend

0.65 BRL

Dividend yield

0.58 %

Payout Ratio

—

Dividend growth Ø5Y

—

Dividend payments per year

Dividend paid since

3 years+

Dividend not reduced since

0 years

Dividend increased since

0 years

Dividend withholding tax

10 %

Last updated Mar 6, 2026, 9:50 AM

XP Peer Group

Banco Mercantil de Investimentos SA

XP Ticker

DÜSSELDORF · XP9.DUFRANKFURT · XP9.FMUNICH · XP9.MUNASDAQ · XP

XP FIGI

XP:US · BBG00QVJYGM9XP:UA · BBG00QVJYGN8XP:UC · BBG00QVJYGR4XP:UN · BBG00QVJYGT2XP:UP · BBG00QVJYGV9XP:UB · BBG00QVJYGY6XP:UM · BBG00QVJYH01XP:UX · BBG00QVJYH10XP:UD · BBG00QVJYH74XP:UW · BBG00QVJYHB9XP:UF · BBG00QVJYHC8XP:VY · BBG00QVJYHD7XP:VJ · BBG00QVJYHF5XP:VK · BBG00QVJYHG4XP:VF · BBG00QVJYHJ1XP9:GR · BBG00R2P3TY8XP9:GF · BBG00R2P3TZ7XP9:GD · BBG00R2P3V00XP9:GS · BBG00R2P3V28XP9:GM · BBG00R2P3V37XP9:GB · BBG00R2P3V46XP9:GZ · BBG00R2P40N2XP9:TH · BBG00R3MDYL6XPEUR:XS · BBG00R3NSST3XPEUR:X2 · BBG00R3NSSV0XPEUR:XH · BBG00R3NSSX8XPEUR:XF · BBG00R3NSSZ6XPEUR:XE · BBG00R3NST11XPEUR:XJ · BBG00R3NST20XPEUR:XL · BBG00R3NST39XPEUR:XG · BBG00R3NST48XPEUR:XO · BBG00R3NST57XPEUR:XA · BBG00R3NST93XPEUR:E1 · BBG00R3NSTB0XPEUR:XT · BBG00R3NSTC9XPEUR:XW · BBG00R3NSTD8XPEUR:XU · BBG00R3NSTF6XPEUR:XV · BBG00R3NSTH4XPEUR:XM · BBG00R3NSTJ2XPEUR:XQ · BBG00R3NSTK0XPEUR:XX · BBG00R3NSTL9XPEUR:XZ · BBG00R3NSTM8XPEUR:X1 · BBG00R3NSTP5XPEUR:EU · BBG00R3NSTR3XPEUR:EP · BBG00R3PSKK4XPEUR:EZ · BBG00R3PSKM2XP9:QT · BBG00R45KTQ0XPUSD:EP · BBG00R4HV806XPUSD:EZ · BBG00R4HVKR0XPUSD:XS · BBG00R4HVS75XPUSD:X2 · BBG00R4HVS84XPUSD:XH · BBG00R4HVSB0XPUSD:XF · BBG00R4HVWM9XPUSD:XE · BBG00R4HVWP6XPUSD:XJ · BBG00R4HVWQ5XPUSD:XL · BBG00R4HVWR4XPUSD:XG · BBG00R4HVWS3XPUSD:XO · BBG00R4HVWT2XPUSD:XA · BBG00R4HW057XPUSD:E1 · BBG00R4HW066XPUSD:XT · BBG00R4HW075XPUSD:XW · BBG00R4HW084XPUSD:XU · BBG00R4HW3J6XPUSD:XV · BBG00R4HW3L3XPUSD:XM · BBG00R4HW3M2XPUSD:XQ · BBG00R4HW3N1XPUSD:XX · BBG00R4HW3P9XPUSD:XZ · BBG00R4HW3Q8XPUSD:X1 · BBG00R4HW707XPUSD:EU · BBG00R4HXCL2XP:VG · BBG00X1PJFQ8XP:VP · BBG00X1SYV35XPGBP:EP · BBG00Y3KZLK0XPGBP:EZ · BBG00Y3KZLY5XPGBP:XS · BBG00Y3KZM55XPGBP:X2 · BBG00Y3KZM64XPGBP:XH · BBG00Y3KZM82XPGBP:XF · BBG00Y3KZMB8XPGBP:XE · BBG00Y3KZMG3XPGBP:XJ · BBG00Y3KZMH2XPGBP:XL · BBG00Y3KZMK8XPGBP:XG · BBG00Y3KZMM6XPGBP:XO · BBG00Y3KZMP3XPGBP:XA · BBG00Y3KZMW5XPGBP:E1 · BBG00Y3KZMY3XPGBP:XT · BBG00Y3KZN08XPGBP:XW · BBG00Y3KZN17XPGBP:XU · BBG00Y3KZN35XPGBP:XV · BBG00Y3KZN62XPGBP:XM · BBG00Y3KZN71XPGBP:XQ · BBG00Y3KZN99XPGBP:XX · BBG00Y3KZNB6XPGBP:XZ · BBG00Y3KZND4XPGBP:X1 · BBG00Y3KZNH0XPGBP:EU · BBG00Y3KZPB1XPN:MM · BBG012S2B1X8XPN:MF · BBG012S2B1Z6XP9:LA · BBG018H9TDJ3XP9:LU · BBG018J3GY84

All fundamentals about XP

Our stock analysis for XP Revenue 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 Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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