XP Inc. (XP) income statement
NASDAQ · Financial Services · Financial - Capital Markets · 8,069 employees · CEO Thiago Maffra
- Price
- $14.29 -5.05%
- Market cap
- $7.39B
- Enterprise value
- R$125B
- Last report
- Q2 '26 filed 2026-08-17
- Next report
- 2026-11-16
XP Inc. (XP) reported revenue of R$4.99B for Q2 '26 (+14.0% year on year), operating income of R$1.63B (32.6% of revenue) and net income of R$1.42B. Over the last four quarters revenue was R$19.3B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$4.3B | R$4.08B | R$4.18B | R$4.66B | R$4.35B | R$4.75B | R$4.32B | R$4.38B | R$4.59B | R$5.06B | R$4.62B | R$4.99B | |
| Cost of revenue | R$1.3B | R$1.32B | R$1.38B | R$1.47B | R$1.45B | R$1.48B | R$1.41B | R$1.42B | R$1.51B | R$1.65B | R$1.58B | R$1.68B | |
| Gross profit | R$3B | R$2.76B | R$2.8B | R$3.2B | R$2.91B | R$3.27B | R$2.91B | R$2.96B | R$3.08B | R$3.41B | R$3.04B | R$3.32B | |
| Other operating expenses | R$1.67B | R$1.53B | R$1.49B | R$1.54B | R$1.53B | R$1.68B | R$1.49B | R$1.52B | R$1.66B | R$1.74B | R$1.63B | R$1.69B | |
| Operating expenses | R$1.67B | R$1.53B | R$1.49B | R$1.54B | R$1.53B | R$1.68B | R$1.49B | R$1.52B | R$1.66B | R$1.74B | R$1.63B | R$1.69B | |
| Operating income | R$1.33B | R$1.23B | R$1.31B | R$1.66B | R$1.38B | R$1.59B | R$1.42B | R$1.43B | R$1.43B | R$1.67B | R$1.41B | R$1.63B | |
| Interest income | R$2.38B | R$2.15B | R$2.48B | R$2.43B | R$2.33B | R$2.68B | R$2.65B | R$2.57B | R$2.52B | R$2.54B | R$2.69B | R$2.95B | |
| Interest expense | R$139M | R$166M | R$185M | R$218M | R$194M | R$208M | R$174M | R$170M | R$139M | R$132M | R$101M | R$119M | |
| Other non-operating income (gains on investments, FX ...) | -R$5.27M | R$73.3M | R$11.6M | -R$42M | -R$1.71M | R$5.81M | R$3.95M | -R$9.92M | -R$16.6M | -R$24.8M | -R$7.91M | -R$40.3M | |
| Total non-operating income | -R$134M | -R$239M | -R$197M | -R$176M | -R$193M | -R$213M | -R$178M | -R$160M | -R$122M | -R$108M | -R$93.1M | -R$78.6M | |
| Income before tax | R$1.19B | R$987M | R$1.11B | R$1.48B | R$1.19B | R$1.38B | R$1.24B | R$1.27B | R$1.3B | R$1.56B | R$1.32B | R$1.55B | |
| Income tax | R$73M | -R$44.5M | R$60.1M | R$285M | R$25.3M | R$127M | R$26.2M | -R$3.4M | R$485K | R$260M | R$25.3M | R$134M | |
| Net income | R$1.12B | R$1.03B | R$1.05B | R$1.2B | R$1.16B | R$1.25B | R$1.22B | R$1.27B | R$1.29B | R$1.32B | R$1.29B | R$1.42B | |
| EPS (basic) | R$1.99 | R$1.90 | R$1.88 | R$2.03 | R$2.17 | R$2.18 | R$2.31 | R$2.50 | R$2.51 | R$2.49 | R$2.48 | R$2.79 | |
| EPS (diluted) | R$1.96 | R$1.88 | R$1.88 | R$2.03 | R$2.17 | R$2.18 | R$2.29 | R$2.46 | R$2.47 | R$2.49 | R$2.42 | R$2.74 | |
| Shares (basic, weighted) | 547M | 548M | 548M | 551M | 546M | 540M | 540M | 528M | 526M | 520M | 519M | 513M | |
| Shares (diluted, weighted) | 554M | 554M | 548M | 551M | 546M | 540M | 540M | 536M | 535M | 520M | 525M | 521M | |
| Depreciation & amortization | R$71.3M | R$82.5M | R$68.1M | R$65.8M | R$72M | R$59.5M | R$74.1M | R$76.6M | R$75.7M | R$77.7M | R$81.8M | R$105M | |
| EBITDA | R$1.4B | R$1.23B | R$1.36B | R$1.77B | R$1.45B | R$1.65B | R$1.49B | R$1.52B | R$1.52B | R$1.77B | R$1.5B | R$1.77B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$1.18B | R$2B | R$3.16B | R$5.17B | R$8.6B | R$13B | R$14.2B | R$14.8B | R$19.9B | R$18.2B | |
| Cost of revenue | R$395M | R$658M | R$1.11B | R$1.73B | R$2.96B | R$4.05B | R$4.44B | R$4.83B | R$6.42B | R$5.95B | |
| Gross profit | R$781M | R$1.34B | R$2.05B | R$3.43B | R$5.64B | R$8.93B | R$9.74B | R$9.99B | R$13.5B | R$12.3B | |
| Other operating expenses | R$426M | R$655M | R$1.24B | R$1.83B | R$3.05B | R$4.77B | R$5.7B | R$5.45B | R$6.86B | R$6.37B | |
| Operating expenses | R$426M | R$655M | R$1.24B | R$1.83B | R$3.05B | R$4.77B | R$5.7B | R$5.45B | R$6.86B | R$6.37B | |
| Operating income | R$354M | R$685M | R$807M | R$1.61B | R$2.59B | R$4.15B | R$4.05B | R$4.55B | R$6.6B | R$5.91B | |
| Interest income | R$526M | R$645M | R$959M | R$1.49B | R$3.16B | R$6.12B | R$7.69B | R$8.21B | R$11.1B | R$10.2B | |
| Interest expense | R$0 | R$63.3M | R$76.7M | R$81.9M | R$53.1M | R$141M | R$417M | R$608M | R$894M | R$613M | |
| Other non-operating income (gains on investments, FX ...) | R$4.23M | R$25.2M | R$50.2M | R$27M | R$97.3M | R$47.7M | R$63.7M | R$64.1M | -R$18.1M | -R$41.1M | |
| Total non-operating income | -R$4.23M | -R$88.5M | -R$127M | -R$109M | -R$150M | -R$189M | -R$480M | -R$672M | -R$876M | -R$572M | |
| Income before tax | R$350M | R$596M | R$680M | R$1.5B | R$2.44B | R$3.97B | R$3.57B | R$3.87B | R$5.72B | R$5.34B | |
| Income tax | R$122M | R$157M | R$186M | R$441M | R$343M | R$231M | -R$140M | R$36.4M | R$540M | R$274M | |
| Net income | R$177M | R$429M | R$489M | R$1.05B | R$2.09B | R$3.73B | R$3.71B | R$3.84B | R$5.18B | R$5.07B | |
| EPS (basic) | R$0.44 | R$0.75 | R$0.84 | R$2.11 | R$3.76 | R$6.42 | R$6.44 | R$7.16 | R$8.23 | R$9.80 | |
| EPS (diluted) | R$0.44 | R$0.75 | R$0.84 | R$2.11 | R$3.71 | R$6.26 | R$6.25 | R$7.16 | R$8.23 | R$9.72 | |
| Shares (basic, weighted) | 552M | 552M | 552M | 511M | 552M | 559M | 555M | 544M | 548M | 527M | |
| Shares (diluted, weighted) | 552M | 552M | 552M | 512M | 559M | 573M | 573M | 544M | 548M | 532M | |
| Depreciation & amortization | R$23.1M | R$27.4M | R$52.8M | R$90.7M | R$143M | R$232M | R$206M | R$252M | R$265M | R$304M | |
| EBITDA | R$373M | R$687M | R$809M | R$1.67B | R$2.64B | R$4.34B | R$4.19B | R$4.73B | R$6.88B | R$6.26B |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in BRL.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings.
Data as of 2026-11-02 · Amounts in BRL as reported; price and market cap in USD.