XP revenue and financials
$28.15Change from previous close: +30.93%Absolute change: +$6.65
In the fiscal year ended December 2025, XP reported revenue of R$7.97B (+7.30% year over year). Net income was R$5.17B, a net margin of 64.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +7.30%
- 2025 vs 2024
- Net income growth
- +14.54%
- 2025 vs 2024
- Net margin
- 64.9%
- 2024: 60.8%
Financial data
Amounts in millions of BRL; per-share values in BRL; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 12,045 | 11,179 | 8,127 | 1,804 | -4,020 | 1,511 | -3,814 | -457 | 262 |
| Depreciation and amortization | 304 | 265 | 252 | 206 | — | — | — | — | — |
| Capital expenditure | -490 | -145 | -66.0 | -44.6 | -135 | -145 | -72.5 | -83.1 | -30.4 |
| Investing cash flow | -716 | -1,667 | 539 | -371 | — | — | — | — | — |
| Financing cash flow | -4,927 | -5,784 | -4,395 | -200 | — | — | — | — | — |
| Dividends paid | -495 | -2,037 | -3,542 | 0.0 | 0.0 | 0.0 | -500 | -325 | -190 |
| Share repurchases | -1,901 | -1,354 | -916 | -1,815 | — | — | — | — | — |
| Debt issued | 2,626 | 1,159 | 2,626 | 1,891 | — | — | — | — | — |
| Debt repaid | -5,158 | -3,552 | -2,557 | -278 | — | — | — | — | — |
| Effect of exchange rates | -90.6 | -28.3 | -28.3 | -16.7 | — | — | — | — | — |
| Net change in cash | 6,402 | 3,727 | 4,271 | 1,232 | — | — | — | — | — |
| Free cash flow | 11,555 | 10,849 | 7,931 | 1,677 | — | — | — | — | — |