XP Inc.
XP Nasdaq· Security Brokers, Dealers & Flotation Companies
Last close · Nov 13, 2026
$15.49
Latest fiscal year · FY25 results fiscal year ended Dec 31, 2025 · vs FY24
| Line | FY24 | FY25 | Change (y/y) |
|---|---|---|---|
| Revenue | $1.4B | $1.4B | 3.4% |
| Net income | $838M | $925M | 10.4% |
| Diluted EPS | $1.53 | $1.74 | 13.8% |
| Free cash flow | $2.0B | $2.1B | 3.4% |
Key numbers, fiscal 2025
Market cap
$8.2B
P/E
8.9x
Revenue
$1.4B
Net income
$925M
Free cash flow
$2.1B
Operating margin
—
XP Inc. in 30 seconds fiscal 2025
Are sales growing?
+3.4%
Only a little. Sales grew 3.4% last year.
Does it make a profit?
64.9%
Yes. It keeps 64.9% of every sale as profit.
Does profit turn into cash?
148.6%
Yes. 148.6% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
5 / 7
Mixed. It passes 5 of 7 health tests.
How is the share priced?
8.9x
One share costs 8.9 times its yearly profit per share.
What XP Inc. does
XP provides financial products and services in Brazil through a technology platform used by individual investors, institutions and companies that issue financial products. Its offerings include stocks and fixed-income investments, mutual and hedge funds, structured products, life insurance, retirement plans and real estate trusts. The XP, Rico and Clear portals serve investors directly: Rico targets people who choose investments themselves, while Clear provides online trading for active retail traders. XP also offers financial education, investment advice and financial media content, including the InfoMoney website. XP describes its business as combining retail investment services, related retail products and wholesale banking. It serves clients through digital channels and a network of independent financial advisors, while also connecting product issuers, corporate clients and institutional traders.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 29, 2026
- Legal name
- XP Inc.
- CIK
- 0001787425
XP Inc. · XP · stoqly.net
Results and finances
The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $1.1B | $1.1B | $1.3B | $1.4B | $1.4B |
| Revenue growth | 18.1% | 0.1% | 13.7% | 5.4% | 3.4% |
| Net income | $665M | $693M | $781M | $838M | $925M |
| Net margin | 57.9% | 60.2% | 59.7% | 60.8% | 64.9% |
| Diluted EPS | $1.16 | $1.21 | $1.43 | $1.53 | $1.74 |
| Cash | |||||
| Cash from operations | −$745M | $349M | $1.6B | $2.1B | $2.2B |
| Capital expenditure | $25.1M | $8.6M | $13.2M | $26.9M | $37.4M |
| Free cash flow | −$770M | $341M | $1.6B | $2.0B | $2.1B |
| FCF margin | −67.1% | 29.6% | 123.4% | 148.6% | 148.6% |
| Dividends paid | $0.0M | $0.0M | $709M | $378M | $88.5M |
| Share count change | 2.6% | −0.1% | −5.0% | 0.8% | −3.0% |
| Debt and strength | |||||
| Cash and short-term investments | $673M | $940M | $1.9B | $2.1B | $3.5B |
| Debt incl. finance leases | $346M | $353M | $453M | $269M | $43.4M |
| Shareholders' equity | $2.6B | $3.2B | $4.0B | $3.2B | $4.3B |
| Returns and quality | |||||
| Return on equity | 28.4% | 23.8% | 21.6% | 23.1% | 24.5% |
| Return on tangible equity | 25.7% | 21.5% | 19.5% | 25.8% | 21.5% |
| Piotroski F-score | 2 | 4 | 5 | 4 | 5 |
Insider trades 12 months
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$2.4M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
XP Inc. · XP · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001787425). Latest version: stoqly.net/companies/xp. Data updated November 9, 2026. Filed in BRL under IFRS and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.