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.
- Symbol
- XP
- Exchange
- Nasdaq
- Sector
- Financial Services
- Industry
- Capital Markets
- 52 week range
- 14.8 - 23.13
Valuation
- Share price
- $20.88 (close of 2026-09-23)
- P/E (TTM)
- 12.99x
- Price to book
- 2.92x
- Price to free cash flow
- 5.31x
Price performance
| Period | Change |
|---|---|
| 1 day | +0.48% |
| 5 days | +6.91% |
| 1 month | +24.21% |
| 3 months | +32.82% |
| 6 months | +6.97% |
| Year to date | +27.55% |
| 1 year | +7.13% |
| 3 years | -10.69% |
| 5 years | -54.09% |
| All time | -39.41% |
Profitability and growth
- Return on equity
- 22.51%
- Return on assets
- 1.30%
- Net margin
- 60.79%
- EBITDA margin
- 68.82%
- Revenue growth
- 13.67%
- Net income growth
- 15.77%
- Free cash flow growth
- 36.88%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 18.83%
- Net debt to EBITDA
- 16.95x
Latest reported year
- Period end
- 2024-12-31
- Fiscal year
- 2024
- Shares outstanding
- 541.67M
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|---|---|
| 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
- 2026-11-16
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-08-17 | Jun/2026 | - |
| 2026-05-18 | - | - |
| 2025-11-17 | - | - |
| 2025-08-18 | - | - |
| 2025-05-20 | - | - |
| 2025-02-18 | - | - |
| 2024-11-19 | - | - |
| 2024-08-13 | - | - |
Filings and sources
- Company website
- xpinc.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Price-to-earnings ratio · 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
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