XP Inc. (NASDAQ: XP)

$16.67-0.06%today

Brazilian ADR trading on the NASDAQ, priced in US dollars. Key figures below are sourced from Yahoo Finance.

Market Cap: $8.61B
P/E (TTM): 8.7x
P/B: 1.8x
EPS (TTM): 1.92
Dividend Yield: 1.20%
52-Week Range: $14.80 – $23.13
Volume: 3.66M
Previous Close: $16.68

TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.

Performance

Today

-0.06%

1 Week

-1.48%

1 Month

+8.95%

YTD

+1.83%

1 Year

-2.91%

5 Years

-57.58%

About XP Inc.

US Ticker: XP
B3 Ticker: —
Exchange: NASDAQ
Currency: USD
Sector: Financial Services
Industry: Capital Markets
Headquarters: George Town, Cayman Islands
Employees: —
CEO: Mr. Thiago Maffra
Founded: 2001

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.

www.xpinc.com

Analyst Ratings

Consensus of 13 Wall Street analysts · sourced from Yahoo Finance

1.5Buy

On a 1–5 scale: 1 = Strong Buy, 3 = Hold, 5 = Sell. Lower is more bullish.

12-Month Price Target

Low

$19.26

Average

$23.45

High

$26.51

The average target is +40.65% above the current price of $16.67.

Display currency

Revenue, net debt and other totals below — switch between US dollars and BRL.

Financial Results

Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).

Financial Health

Margins, leverage and cash-flow quality derived from XP Inc.'s income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Solid

Net Margin: 27.7%
ROE: 21.2%
Rev Growth (YoY): +2.27%
Net Debt / EBITDA: 12.81×
Current Ratio: 0.49×
Interest Coverage: 11.06×
Free Cash Flow: 15.05B
Payout Ratio: —

Income — Margins & Efficiency

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013
Revenue	$3,591,947,109	+7.9%	$3,330,427,193	+3.5%	$3,216,304,175	+5.3%	$3,055,017,516	+13.9%	$2,683,349,832	+15.2%	$2,329,217,226	+40.7%	$1,655,942,019	+28.7%	$1,286,638,910	+57.9%	$814,925,995	+35.1%	$603,151,042	+66.8%	$361,563,673	+116.4%	$167,093,285	+5.8%	$157,861,422	+1067.9%	$13,516,297
Gross profit	$2,405,303,548	+7.2%	$2,243,537,463	+3.0%	$2,177,673,331	+5.7%	$2,060,114,145	+11.7%	$1,843,847,438	+15.0%	$1,602,732,400	+47.5%	$1,086,619,210	+27.1%	$854,630,698	+61.8%	$528,319,518	+30.6%	$404,569,539	+68.5%	$240,041,372	+43.7%	$167,093,285	+5.8%	$157,861,422	+1067.9%	$13,516,297
Operating income	$1,143,612,753	+5.9%	$1,079,861,172	+1.1%	$1,067,601,825	+13.9%	$937,129,071	+22.3%	$766,121,474	+2.7%	$745,752,052	+49.4%	$499,168,207	+24.8%	$400,105,580	+92.2%	$208,188,343	+0.7%	$206,803,403	+89.9%	$108,913,614	+132.8%	$46,789,749	+83.1%	$25,548,397	+89.0%	$13,516,297
EBITDA	$1,214,502,707	+6.4%	$1,141,815,990	+2.0%	$1,119,797,754	+14.8%	$975,119,930	+22.7%	$794,416,224	+1.8%	$780,420,634	+53.6%	$508,245,118	+22.3%	$415,410,108	+98.1%	$209,673,365	+0.9%	$207,754,248	+81.8%	$114,255,830	-65.0%	$326,305,507	+18397.4%	$1,764,063	-93.5%	$27,032,594
Net profit	$995,097,522	+7.5%	$925,502,327	+10.4%	$838,046,532	+5.9%	$790,993,129	+12.7%	$701,547,111	+4.8%	$669,734,184	+66.1%	$403,208,371	+54.5%	$261,006,028	+106.6%	$126,336,371	-2.4%	$129,493,515	+138.5%	$54,301,393	+183.4%	$19,158,390	+115.6%	$8,887,382	-34.2%	$13,516,297
Gross margin	67.0%	-0.4 p.p.	67.4%	-0.3 p.p.	67.7%	+0.3 p.p.	67.4%	-1.3 p.p.	68.7%	-0.1 p.p.	68.8%	+3.2 p.p.	65.6%	-0.8 p.p.	66.4%	+1.6 p.p.	64.8%	-2.2 p.p.	67.1%	+0.7 p.p.	66.4%	-33.6 p.p.	100.0%	+0.0 p.p.	100.0%	+0.0 p.p.	100.0%
Operating margin	31.8%	-0.6 p.p.	32.4%	-0.8 p.p.	33.2%	+2.5 p.p.	30.7%	+2.1 p.p.	28.6%	-3.5 p.p.	32.0%	+1.9 p.p.	30.1%	-1.0 p.p.	31.1%	+5.6 p.p.	25.5%	-8.7 p.p.	34.3%	+4.2 p.p.	30.1%	+2.1 p.p.	28.0%	+11.8 p.p.	16.2%	-83.8 p.p.	100.0%
EBITDA margin	33.8%	-0.5 p.p.	34.3%	-0.5 p.p.	34.8%	+2.9 p.p.	31.9%	+2.3 p.p.	29.6%	-3.9 p.p.	33.5%	+2.8 p.p.	30.7%	-1.6 p.p.	32.3%	+6.6 p.p.	25.7%	-8.7 p.p.	34.4%	+2.8 p.p.	31.6%	-163.7 p.p.	195.3%	+194.2 p.p.	1.1%	-198.9 p.p.	200.0%
Net margin	27.7%	-0.1 p.p.	27.8%	+1.7 p.p.	26.1%	+0.2 p.p.	25.9%	-0.3 p.p.	26.1%	-2.6 p.p.	28.8%	+4.4 p.p.	24.3%	+4.1 p.p.	20.3%	+4.8 p.p.	15.5%	-6.0 p.p.	21.5%	+6.5 p.p.	15.0%	+3.6 p.p.	11.5%	+5.8 p.p.	5.6%	-94.4 p.p.	100.0%
Revenue growth (YoY)	2.3%	+10.5 p.p.	-8.2%	-42.3 p.p.	34.1%	+29.6 p.p.	4.5%	-4.8 p.p.	9.3%	-41.6 p.p.	50.9%	-15.4 p.p.	66.4%	+2.7 p.p.	63.7%	+5.6 p.p.	58.1%	-11.7 p.p.	69.8%	-8.0 p.p.	77.9%	+20.1 p.p.	57.8%	-1156.1 p.p.	1213.9%	—	—
Effective tax rate	5.2%	+0.0 p.p.	5.1%	-4.3 p.p.	9.4%	+8.5 p.p.	0.9%	+4.9 p.p.	-3.9%	-9.8 p.p.	5.8%	-8.2 p.p.	14.0%	-15.4 p.p.	29.4%	+2.1 p.p.	27.4%	+1.0 p.p.	26.4%	-8.4 p.p.	34.8%	+5.3 p.p.	29.5%	-9.1 p.p.	38.6%	—	—
Interest coverage	11.06×	+13.9%	9.71×	+31.3%	7.40×	+0.3%	7.37×	-22.9%	9.56×	-67.1%	29.11×	-38.0%	46.97×	+143.4%	19.30×	+95.7%	9.86×	-5.4%	10.42×	—	—	—	—	—	—	—	—

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Balance Sheet — Health & Leverage

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013
Net debt	$15,562,346,133	+13.7%	$13,685,450,130	-22.8%	$17,728,239,207	+33.1%	$13,322,306,503	+120.2%	$6,049,412,444	+31.0%	$4,618,233,816	-20.5%	$5,811,901,120	+37.3%	$4,233,670,949	+120.2%	$1,922,573,435	+418.5%	$370,820,573	+8189.2%	-$4,584,140	+34.3%	-$6,975,510	-180.1%	-$2,490,110	-293645.8%	-$848
Net Debt / Equity	3.31×	+4.0%	3.18×	-41.8%	5.46×	+64.5%	3.32×	+77.0%	1.88×	+5.2%	1.78×	-35.6%	2.77×	+16.5%	2.38×	-33.5%	3.57×	+232.8%	1.07×	+7625.2%	-0.01×	+79.6%	-0.07×	-219.6%	-0.02×	-284104.0%	-0.00×
Net Debt / EBITDA	12.81×	+6.9%	11.99×	-24.3%	15.83×	+15.9%	13.66×	+79.4%	7.61×	+28.7%	5.92×	-48.3%	11.44×	+12.2%	10.19×	+11.1%	9.17×	+413.7%	1.78×	+4548.7%	-0.04×	-87.7%	-0.02×	+98.5%	-1.41×	-4501275.5%	-0.00×
Debt / Equity	3.67×	+1.2%	3.62×	-36.9%	5.74×	+63.0%	3.53×	+69.1%	2.09×	+6.6%	1.96×	-33.6%	2.95×	+23.3%	2.39×	-33.7%	3.61×	+198.6%	1.21×	—	0.00×	—	0.00×	—	—	—	—
Current ratio	0.49×	-13.4%	0.56×	-29.9%	0.81×	-16.3%	0.96×	+33.4%	0.72×	-13.1%	0.83×	+44.7%	0.57×	+8.3%	0.53×	-25.2%	0.71×	+38.4%	0.51×	+360.4%	0.11×	-56.2%	0.25×	+60.3%	0.16×	—	—
Return on equity (ROE)	21.2%	-0.4 p.p.	21.5%	-4.3 p.p.	25.8%	+6.1 p.p.	19.7%	-2.0 p.p.	21.8%	-4.1 p.p.	25.9%	+6.7 p.p.	19.2%	+4.6 p.p.	14.7%	-8.8 p.p.	23.5%	-14.0 p.p.	37.5%	+20.6 p.p.	16.9%	-2.3 p.p.	19.2%	+11.4 p.p.	7.8%	-4.5 p.p.	12.2%
Return on assets (ROA)	1.3%	-0.0 p.p.	1.3%	-0.2 p.p.	1.5%	-0.1 p.p.	1.5%	-0.4 p.p.	1.9%	-0.7 p.p.	2.7%	+0.5 p.p.	2.2%	-0.2 p.p.	2.4%	-0.4 p.p.	2.8%	-3.2 p.p.	6.0%	+1.8 p.p.	4.2%	+2.0 p.p.	2.2%	+1.2 p.p.	0.9%	-11.3 p.p.	12.2%
Book value / share	$8.95	+10.7%	$8.08	+36.6%	$5.92	-19.7%	$7.37	+31.0%	$5.63	+24.7%	$4.51	+20.2%	$3.75	+7.8%	$3.48	+257.0%	$0.98	+55.8%	$0.63	+7.5%	$0.58	+43.0%	$0.41	-14.8%	$0.48	+4.6%	$0.46

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Net Debt & Leverage

Free Cash Flow

Margins

Dividend Payout Ratio

Capex ÷ Revenue

Cash Conversion (operating cash flow ÷ net income)

Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.

Valuation & Dividends

P/E Ratio History

Dividend History

This year (YTD) $0.20/share · yield 1.20%

Dividends and yield from Yahoo Finance (per ADR share, in USD). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.

Last updated: 02:27 BRT · Updated hourly during market hours

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