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Home CompaniesXp Inc

Xp Inc

Financial Services Capital Markets
PortfolioPortfolio WatchlistWatchlist
Company price
14.915 USD -0.47 ( 3.05%)
Last update at 2026-11-12T15:39:00Z
VOLUME
1805063
Market Cap
9910.36M
P/E
9.86

Momentum Score

…

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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
14.75
Low
15.06
High
52 Week Price Range
14.80
Low
22.83
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

XP Inc is a Brazil-based fintech platform offering retail and institutional brokerage, wealth and asset management, and financial advisory via digital channels. Long-term growth may be supported by greater financialization in Brazil, rising assets under management and cross-selling on a scaled digital distribution network, making it attractive for investors seeking exposure to fee-based wealth management growth.

Key risks include revenue sensitivity to market volatility and AUM flows, intense competition from banks and fintechs, and regulatory or macroeconomic developments in Brazil that could impede growth.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
15.38
Dividend Yield
1.02%
Revenue TTM
18630.88M
Revenue Per Share
35.86
Gross Profit TTM
12892.72M
Debt / Equity
3.62
ROE
22.56%
Net Debt
74944.26M
ROCE
1.89%
Diluted EPS TTM
1.98

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 5341.53M 5719.44M 3873.52M 3444.66M 3815.17M
Minority interest 0.49M -1.43M -2.40M -1.16M -3.04M
Net income 5068.24M 5177.37M 3836.47M 3579.05M 3589.42M
Selling general administrative 6270.66M 4164.49M 3817.34M 3766.73M 4692.70M
Selling and marketing expenses 294.47M 148.97M 169.49M 138.72M 227.48M
Gross profit 12286.06M 13453.45M 9991.97M 472.13M 2766.36M
Reconciled depreciation 304.14M 265.32M 215.55M 205.88M 231.73M
Ebit 5954.64M 6613.64M 4481.14M -3411.88M -1890.15M
Ebitda 6252.81M 6918.00M 4729.53M -3206.00M -1658.42M
Depreciation and amortization 298.17M 304.36M 248.38M 205.88M 231.73M
Operating income 5913.54M 6595.54M 4545.26M -3411.88M -1890.15M
Other operating expenses 12324.55M 13274.47M 10272.18M 9923.91M 8086.51M
Interest expense 613.12M 894.20M 607.62M 402.30M 135.73M
Tax provision 279.26M 471.13M 37.39M -135.56M 222.71M
Interest income 43.38M 27.98M 17.22M 15.44M 7.60M
Net interest income -582.02M -751.54M -584.75M -386.87M -128.13M
Income tax expense 273.78M 540.43M 36.37M -135.56M 222.71M
Total revenue 18238.09M 19870.01M 14817.45M 6508.76M 6196.47M
Total operating expenses 6372.52M 6857.91M 5446.70M 3887.28M 4656.40M
Cost of revenue 5952.03M 6416.56M 4825.48M 6036.62M 3430.11M
Total other income expense net -572.01M -876.09M -671.74M 6856.54M 5705.32M
Net income from continuing ops 5169.29M 4514.84M 3641.88M 3580.21M 3592.46M
Net income applicable to common shares - - - 3579.05M 3592.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 396528.35M 347456.76M 249040.68M 192034.61M 139340.40M
Intangible assets 841.90M 713.10M 668.64M 248.96M 278.23M
Other current assets -0.00M 47952.21M -33421.65M 932.32M 3982.75M
Total liab 372980.65M 327409.52M 229589.83M 174992.40M 124920.77M
Total stockholder equity 23546.70M 20043.56M 19449.35M 17035.74M 14416.84M
Other current liab 68971.97M 112139.32M 28918.53M 64267.96M 23278.03M
Common stock 0.03M 0.03M 0.03M 0.02M 0.02M
Capital stock 0.03M 0.03M 0.03M 0.02M 0.02M
Other liab - - - 56918.80M 64100.00M
Good will 1921.35M 1921.35M 1833.41M 595.22M 542.75M
Other assets - 152451.49M 249040.68M 6161.35M 1538.00M
Cash 10356.64M 5610.55M 3943.31M 3553.13M 2485.64M
Total current liabilities 81935.68M 196140.40M 126331.92M 98541.32M 75405.63M
Current deferred revenue - 1012.86M 39628.79M - 24978.74M
Net debt 74944.26M 109523.29M 57858.54M 31968.72M 25724.49M
Short term debt 81935.68M 81840.90M 56836.38M 33655.97M 26281.35M
Short long term debt 74651.74M 81840.90M 35539.93M 33655.97M 27942.41M
Short long term debt total 85300.90M 115133.84M 61801.85M 35521.85M 28210.13M
Other stockholder equity 19570.24M 5429.31M 6300.00M -1986.76M -171.94M
Property plant equipment - - - 569.38M 599.00M
Total current assets 46284.73M 158062.04M 99724.16M 67855.94M 53648.45M
Long term investments 212555.54M 157654.01M 117455.04M 107386.60M 71788.17M
Net tangible assets - - - 16191.55M 13595.00M
Short term investments 62756.59M 69298.40M 46995.27M 40540.91M 33738.03M
Net receivables 35933.29M 35200.87M 29478.34M 22829.59M 13442.03M
Long term debt 32110.79M 33292.94M - 1865.88M 1928.78M
Accounts payable 810.16M 763.47M 948.22M 617.39M 867.53M
Accumulated other comprehensive income 3976.43M 14614.22M 13149.33M 19022.47M 14588.75M
Non currrent assets other 27575.31M 25455.23M -55545.74M 13766.62M 11211.26M
Non current assets total 350044.63M 189394.72M 149316.52M 124178.67M 85691.95M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -50.63M -1667.26M 473.31M -371.28M -1150.73M
Change to liabilities - - - -308.82M -133.58M
Total cashflows from investing activities -715.97M -1667.26M 538.81M -371.28M -1150.73M
Net borrowings -2531.34M -2392.60M 69.33M 1612.79M 5507.72M
Total cash from financing activities -4927.35M -5784.29M -4394.83M -200.30M 6639.26M
Change to operating activities - - - -1608.94M -8757.28M
Net income 5448.56M 4985.97M 3936.35M 3444.66M 3815.17M
Change in cash 6310.92M 3699.13M 4243.00M 1215.62M 1091.47M
Begin period cash flow 12909.61M 9210.48M 4967.48M 3751.86M 2660.39M
End period cash flow 19220.54M 12909.61M 9210.48M 4967.48M 3751.86M
Total cash from operating activities 12044.83M 11178.96M 8127.30M 1803.88M -4020.33M
Issuance of capital stock - - 0.00M 0.00M 1134.80M
Depreciation 304.14M 265.32M 252.41M 205.88M 231.73M
Other cashflows from investing activities -135.40M -128.59M -130.22M - -
Dividends paid 494.52M 2037.08M 3542.30M - 0.00M
Change to inventory - - - - -696.52M
Change to account receivables 2621.92M -5342.61M -10145.21M -157.06M 37.16M
Sale purchase of stock -1900.69M -1353.61M -915.86M -1814.82M -
Other cashflows from financing activities -0.80M -1.00M -6.00M 1892.24M 5758.66M
Change to netincome - - - 185.10M 733.61M
Capital expenditures 209.28M 330.21M 196.22M 126.97M 353.01M
Change in working capital 6794.64M 4183.29M 3594.36M -2166.15M -8575.08M
Stock based compensation 391.69M 417.26M 365.71M 584.77M 561.46M
Other non cash items -894.20M 1327.12M -21.53M -265.27M 179.17M
Free cash flow 11835.54M 10848.75M 7931.08M 1676.91M -4373.34M

Peer Comparison*

Sector: Financial Services Industry: Capital Markets

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
XP
Xp Inc		 -0.47
3.05%		 14.91 9.86 8.50 0.53 2.04 11.78 15.14
GS
Goldman Sachs Group Inc		 -5.57
0.60%		 921.24 17.21 16.00 4.47 2.26 11.15 -
SCHW
Charles Schwab Corp		 -0.51
0.54%		 92.28 19.53 13.89 7.16 4.22 8.80 -
MS
Morgan Stanley		 -0.97
0.51%		 189.63 16.50 13.76 2.80 1.65 - -
IBKR
Interactive Brokers Group Inc		 -0.61
0.74%		 81.88 35.95 27.93 22.14 6.96 3.01 3.37

Profile*

Xp Inc

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.

20, Genesis Close, George Town, Cayman Islands, KY1-1208

55 (11) 3075-0429

https://www.xpinc.com

Name Title Year Born
Mr. Guilherme Dias Fernandes Benchimol Founder & Exec. Chairman 1978
Mr. Thiago Maffra Chief Exec. Officer 1985
Mr. Bruno Constantino Alexandre dos Santos CFO & Director 1975
André Martins Head of Investor Relations NA
Mr. Fabrício Cunha de Almeida Gen. Counsel & Director 1982
Marco Goncalves Head of M&A NA
Gabriel Dos Santos Head of Recruitment & Selection NA
Mr. Jose de Menezes Berenguer Neto Chief Exec. Officer of Banco XP S.A. 1966
Antonio Guimarães Investor Relations Officer NA
Mr. Ygor Gomes Altero Equity Research Analyst NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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