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NASDAQ · SECURITY BROKERS, DEALERS & FLOTATION COMPANIES · LARGE CAP

XP Inc. XP

8 fiscal years on record · BRL · FY2024 reported · SEC filings only
BRL 7.4B
▲ 13.7% YoY
BRL 4.5B
▲ 15.8% YoY
BRL 11.0B
▲ 36.9% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

XP is a technology-driven platform that provides low-fee financial products and services in Brazil. It sells a wide range of products and services to its clients through the XP Platform, an open product platform that provides access to investment products ranging from its own XP-branded products to those of its partners and competitors. Client Assets reached R$1.5 trillion as of December 31, 2025. Five of its subsidiaries, XP CCTVM S.A., Banco XP S.A., XP DTVM Ltda and XP Serviços Financeiros DTVM Ltda., perform activities that are subject to regulation in Brazil by the Central Bank. XP was founded in 2001 as a small, independent financial advisor partnership in Brazil.

Written from the business description in XP Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 29 April 2026. Every sentence was checked against that document before publication.

Growth

BRL 7.4B
Revenue, FY2024 · full 8-year series below
Revenue BRL B Net income BRL B
FY2024 · Revenue 7.4 · Net income 4.5
3B6B
2017202020232024
Compound annual growth
+6.2%
+15.6%
+7.9%
+33.1%
+9.6%
+31.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +15.6% a year over the five years to FY2024 — but profit grew faster: net income at +33.1%, earnings per share at +31.3%.

The share count fell from 0.55B to 0.54B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

61 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Net 60.8%
20%40%60%
201720202024
ROE
FY2024 · ROE 22.9%
10%20%30%
201720202024
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each BRL of equity produced 23 cents of profit this year.

Cash & shareholders

BRL 2.0B
returned in FY2024 · dividends + net buybacks
Free cash flow BRL B
FY2024 · FCF 11.0
5B10B-2B-3B
201720202024
Net buybacks BRL B Dividends BRL B
FY2024 · Dividends 2.0 · Net buybacks ·
2B3B
20172018201920202021202220232024

BRL 2.0B in dividends — 45% of the year's profit went back to shareholders.

Total assetsBRL 347.5B
EquityBRL 20.0B
CashBRL 12.9B
Gross debtBRL 1.7B
Net debtBRL -11.2B
DepositsBRL 624.6M

The company holds more cash than debt.

The 8-year record

8 fiscal years
Every figure from documents filed with the SEC · BRL
row low → row highnegative—not applicable◌not available in our data
XP, 8-year financial record
Metric 20242023202220212020201920182017
Revenue BRL B7.46.55.96.25.03.62.11.3
Operating income BRL B◌◌◌◌◌◌◌◌
EBITDA BRL B◌◌◌◌◌◌◌◌
Income tax BRL B0.50.0−0.10.20.30.50.20.2
Net income BRL B4.53.93.63.62.11.10.50.4
Free cash flow BRL B11.08.11.8−4.21.4−3.9−0.50.2
EPS, diluted BRL 8.237.166.256.263.712.110.940.85
Dividend / sh BRL ◌◌◌◌◌◌◌◌
Payout %4591000467046
ROE %22.921.422.828.423.023.428.535.9
Shares out B0.540.550.560.560.560.550.510.48

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 23 reconciliationsAUDITED

Reconciled in 8 of the 8 fiscal years we could check. 11 checks were skipped: the balance sheet is not tagged before 2018. 10 checks were skipped: EPS is not tagged before 2017.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivitySecurity Brokers, Dealers & Flotation Companies
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2017

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