XP

XP OpEx/Revenue

The Operating Expenses to Revenue Ratio of XP (XP) as of Oct 15, 2026 is 34.38 %. In the previous year, Operating Expenses to Revenue Ratio was 20.96 % — a change of 64.05% (higher).

OpEx/Revenue

34.38 %

YoY

64.05%

Last updated:

Operating Expenses to Revenue Ratio of XP is 2025 34.38 % . Operating Expenses to Revenue Ratio of XP was 2024 20.96 % . It decreases by 64.05% higher compared to the previous year.

The XP OpEx/Revenue history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

OpEx/Revenue
Date
OpEx/Revenue
Jan 1, 2018
27.71 BRL
Jan 1, 2019
26.36 BRL
Jan 1, 2020
23.56 BRL
Jan 1, 2021
23.08 BRL
Jan 1, 2022
26.62 BRL
Jan 1, 2023
25.76 BRL
Jan 1, 2024
20.96 BRL
Jan 1, 2025
34.38 BRL
The XP OpEx/Revenue history
YEAROpEx/RevenueYoY
34.38 %+64.05%
20.96 %-18.65%
25.76 %-3.23%
26.62 %+15.34%
23.08 %-2.01%
23.56 %-10.62%
26.36 %-4.87%
27.71 %+14.02%
24.30 %-39.37%
40.07 %+2,140.95%
1.79 %-40.65%
3.01 %—

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XP Stock analysis

What does XP do? 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 is one of the most popular companies on Eulerpool.

Frequently Asked Questions about XP stock

Operating Expenses to Revenue Ratio of XP is 34.38 % in 2025.

Operating Expenses to Revenue Ratio of XP changed from 20.96 % to 34.38 %, representing a 64.05% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Operating Expenses to Revenue Ratio XP since 2006 – with annual values, charts, and detailed analysis.

The OpEx/Revenue ratio measures total operating expenses as a percentage of revenue. Declining ratios suggest improving operational leverage.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Operating Expenses to Revenue Ratio's XP with sector peers and the industry average to assess whether it is attractive.

To evaluate Operating Expenses to Revenue Ratio's, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Operating Expenses to Revenue Ratio.

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