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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Total revenue | 1,969 | 1,932 | 2,432 | 2,090 | 1,795 | — |
| Cost of revenue | 1,509 | 1,559 | 1,504 | 1,524 | 1,426 | — |
| Gross profit | 460 | 373 | 927 | 567 | 369 | — |
| Selling, general and administrative | 1,229 | 1,162 | 1,321 | 1,223 | 1,144 | — |
| Operating income | -1,314 | -1,322 | -907 | -1,137 | -1,201 | — |
| EBIT | 1,631 | 1,446 | 1,668 | 1,473 | 1,494 | — |
| EBITDA | 1,734 | 1,530 | 1,745 | 1,548 | 1,570 | — |
| Interest expense | 116 | 103 | 130 | 142 | 176 | — |
| Pre-tax income | 1,515 | 1,343 | 1,537 | 1,331 | 1,318 | — |
| Income tax | 131 | 25.7 | 256 | 0.5 | -3.5 | — |
| Net income | 1,392 | 1,310 | 1,296 | 1,320 | 1,319 | — |
| Net income to common shareholders | 1,392 | 1,310 | 1,296 | 1,320 | 1,319 | — |
| Basic EPS | 2.71 | 2.53 | — | 2.51 | 2.50 | 2.31 |
| Diluted EPS | 2.67 | 2.49 | — | 2.47 | 2.46 | 2.29 |
| Average shares (basic) | 513 | 519 | — | 526 | 528 | 535 |
| Average shares (diluted) | 521 | 525 | — | 535 | 536 | 540 |