XP Inc.
XP- Exchange
- Nasdaq
- Industry
- Security Brokers, Dealers & Flotation Companies
- SEC CIK
- 0001787425
In the last 90 days, XP Inc. insiders filed 0 open-market purchases and 1 sale; 323 institutions reported holding it in 13F filings for Q2 2026, worth $5.42B in total; Oaktree Capital is the only superinvestor holding it.
- Currency
- BRL
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 14, 2026, 1:16 AM ET
Amounts are in BRL, the currency XP Inc. reports in. Lines marked ≈ US$ convert key figures to US dollars.
Revenue flow, FY2024
Where the revenue went in FY2024, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Revenue | BRL 7.42B≈ US$1.38B | BRL 6.53B≈ US$1.31B | BRL 5.94B≈ US$1.15B | BRL 6.20B≈ US$1.15B | BRL 5.02B≈ US$981.4M |
| Operating expenses | BRL 5.06B | BRL 4.40B | BRL 3.87B | BRL 4.92B | BRL 3.15B |
| Selling, general and administrative | BRL 6.00B | BRL 5.46B | BRL 5.64B | BRL 4.69B | BRL 3.01B |
| Income tax | BRL 471.1M | BRL 37.0M | BRL -135.6M | BRL 222.7M | BRL 339.9M |
| Net income | BRL 4.51B≈ US$841.8M | BRL 3.90B≈ US$781.4M | BRL 3.58B≈ US$695.1M | BRL 3.59B≈ US$666.8M | BRL 2.08B≈ US$407.2M |
| EPS, basic | BRL 8.33 | BRL 7.22 | BRL 6.44 | BRL 6.42 | BRL 3.76 |
| EPS, diluted | BRL 8.23 | BRL 7.16 | BRL 6.25 | BRL 6.26 | BRL 3.71 |
| Weighted shares, basic | 541.7M | 539.8M | 555.4M | 559.0M | 552.3M |
| Weighted shares, diluted | 548.3M | 544.2M | 573.0M | 573.5M | 559.1M |
| Margins and growth | |||||
| Net margin | 60.8% | 59.7% | 60.3% | 58.0% | 41.5% |
| Revenue growth, year over year | +13.7% | +10.0% | −4.1% | +23.5% | +39.5% |
| Net income growth, year over year | +15.8% | +8.9% | −0.3% | +72.6% | +91.1% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Cash and equivalents | BRL 12.9B | BRL 9.21B | BRL 4.97B | BRL 3.75B | BRL 2.66B |
| Property, plant and equipment | BRL 450.0M | BRL 373.4M | BRL 310.9M | BRL 314.0M | BRL 204.0M |
| Intangible assets | BRL 2.63B | BRL 2.50B | BRL 844.2M | BRL 821.0M | BRL 713.6M |
| Total assets | BRL 347.5B≈ US$56.2B | BRL 249.0B≈ US$51.3B | BRL 192.0B≈ US$36.3B | BRL 139.3B≈ US$25.0B | BRL 96.0B≈ US$18.5B |
| Total liabilities | BRL 327.4B | BRL 229.6B | BRL 175.0B | BRL 124.9B | BRL 85.1B |
| Shareholders' equity | BRL 20.0B | BRL 19.5B | BRL 17.0B | BRL 14.4B | BRL 10.9B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Operating cash flow | BRL 11.2B≈ US$2.08B | BRL 8.13B≈ US$1.63B | BRL 1.80B≈ US$350.2M | BRL -4.02B≈ US-$746.2M | BRL 1.51B≈ US$295.6M |
| Capital expenditures | BRL 144.8M | BRL 66.0M | BRL 44.6M | BRL 135.4M | BRL 145.2M |
| Free cash flow | BRL 11.0B≈ US$2.06B | BRL 8.06B≈ US$1.62B | BRL 1.76B≈ US$341.6M | BRL -4.16B≈ US-$771.4M | BRL 1.37B≈ US$267.2M |
| Stock-based compensation | BRL 417.3M | BRL 365.7M | BRL 584.8M | BRL 561.5M | BRL 232.8M |
| Dividends paid | BRL 2.04B | BRL 3.54B | – | BRL 0 | BRL 0 |
| Investing cash flow | BRL -1.67B | BRL 538.8M | BRL -371.3M | BRL -1.15B | BRL -582.0M |
| Financing cash flow | BRL -5.78B | BRL -4.39B | BRL -200.3M | BRL 6.64B | BRL 788.7M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 5.6% | 5.6% | 9.8% | 9.1% | 4.6% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
XP Inc. reports no single share count on its 10-K and 10-Q covers. Companies with several share classes report one count per class, which this data doesn't include.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- ≈ US$ figures convert BRL at FRED H.10 exchange rates (Federal Reserve): the average rate over the period for income and cash flow, and the rate on the period-end date, or the last business day before it, for the balance sheet.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.