XP Inc. (XP)
XP Inc. engages in the provision of financial products and services in Brazil. It operates XP Platform, an open product platform that provides clients to access investment products in the market comprising brokerage securities, fixed income securities, mutual, hedge, and private equity funds; derivatives and synthetic instruments; credit cards; loan operations/collateralized credit products; pension and social security funds, and life and travel insurance products; and other investment products comprising real estate funds, and equity and debt capital markets solutions, as well as wealth management services. The company offers brokerage and issuer services to institutional and corporate clients. It also manages mutual funds focused on stocks and macro strategies distributed to retail and to institutional clients; funds and managed portfolios for high-net-worth retail clients, and proprietary treasury funds; and passive mutual funds that track market indexes, and mutual and investment funds focused on fixed income, credit, real estate, infrastructure, and other alternative strategies. In addition, the company offers securities brokerage services for institutional and retail investors; interdealer brokerage services for institutional traders; and commercial and investment banking products, such as loan operations and transactions in the foreign exchange markets and deposits, as well as develops and sells financial education courses and events online and in person to retail clients. It offers its sell products and services through its omni-channel distribution network and online portals. XP Inc. was founded in 2001 and is based in George Town, the Cayman Islands.
- Ticker
- XP
- Exchange
- Nasdaq
- Sector
- Financial Services
- Industry
- Capital Markets
- 52-week range
- $13.78 - $32.73
Valuation
- Share price
- $15.14 (close of Nov 6, 2026)
- P/E (TTM)
- 8.49x
- Price to book
- 1.86x
- Price to free cash flow
- 3.71x
Price performance
| Period | Change |
|---|---|
| 1 day | +2.44% |
| 5 days | +5.95% |
| 1 month | -49.08% |
| 3 months | -9.23% |
| 6 months | -22.64% |
| Year to date | -7.51% |
| 1 year | -18.78% |
| 3 years | -27.49% |
| 5 years | -56.72% |
| All time | -56.07% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 5.38%
- Shares short
- 21.68M
- Days to cover
- 1.44
- Change since prior report
- +18.51%
- Source
- FINRA consolidated short interest
Super investors holding XP
Dodge & Cox (Dodge & Cox Funds) · Howard Marks (Oaktree Capital Management) · Ray Dalio (Bridgewater Associates) · Ken Griffin (Citadel)
Profitability and growth
- Return on equity
- 21.95%
- Return on assets
- 1.30%
- Net margin
- 64.89%
- Revenue growth
- 7.30%
- Net income growth
- 14.54%
- Free cash flow growth
- 7.26%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 26.97%
- Net debt to EBITDA
- 13.33x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Shares outstanding
- 527.32M
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|---|---|
| 2025-12-31 | 64.89% | 21.95% |
| 2024-12-31 | 60.79% | 22.51% |
| 2023-12-31 | 59.69% | 20.04% |
| 2022-12-31 | 60.25% | 21.00% |
| 2021-12-31 | 57.93% | 24.89% |
| 2020-12-31 | 41.39% | 19.05% |
| 2019-12-31 | 30.05% | 15.10% |
| 2018-12-31 | 22.46% | 22.06% |
| 2017-12-31 | 32.24% | 35.94% |
Investor relations
Next earnings report
- Next confirmed report
- Nov 16, 2026
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-08-17 | Jun 2026 | - |
| 2026-05-18 | Mar 2026 | - |
| 2025-11-17 | Sep 2025 | - |
| 2025-08-18 | Jun 2025 | - |
| 2025-05-20 | Mar 2025 | - |
| 2025-02-18 | Dec 2024 | - |
| 2024-11-19 | Sep 2024 | - |
| 2024-08-13 | Jun 2024 | - |
Filings and sources
- Company website
- xpinc.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
Futu Holdings Ltd (FUTU) · Lazard, Inc. (LAZ) · MarketAxess Holdings Inc (MKTX) · Hut 8 Corp. (HUT) · Houlihan Lokey, Inc. (HLI) · Stifel Financial Corp (SF) · LPL Financial Holdings Inc. (LPLA) · Tradeweb Markets Inc. (TW)
All Financial Services companies
Understanding these figures
Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades