XP Inc. (XP)

XP Inc. Income Statement

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total Interest Expense	747.53	779.53	617.48	402.3	135.73	52.67
Net Interest Income	-747.53	-779.53	-617.48	-402.3	-135.73	-52.67
Brokerage Commission	3,152	3,130	2,782	2,667	2,658	2,231
Asset Management Fee	1,744	1,743	1,628	1,581	1,490	1,224
Gain on Sale of Investments (Rev)	2,041	2,285	1,979	1,631	1,917	1,430
Other Revenue	10,622	9,873	8,471	7,468	6,012	3,267
Revenue	16,811	16,251	14,243	12,945	11,941	8,099
Revenue Growth (YoY)	6.65%	14.10%	10.02%	8.40%	47.44%	60.59%
Cost of Services Provided	11,482	11,122	9,964	9,580	8,297	5,750
Other Operating Expenses	-153.56	-145.59	-23.48	-214.92	-278.8	-224.4
Total Operating Expenses	11,713	11,265	10,301	9,459	8,110	5,581
Operating Income	5,098	4,987	3,941	3,486	3,831	2,518
EBT Excluding Unusual Items	5,127	5,034	4,015	3,474	3,823	2,519
Asset Writedown	-8.38	-29.45	-32.27	-20.81	-20.37	-73.14
Legal Settlements	-24.12	-18.55	-46.1	-8.56	-3.67	-45.28
Pretax Income	5,094	4,986	3,936	3,445	3,815	2,421
Income Tax Expense	169.64	471.13	36.96	-135.56	222.71	339.92
Earnings From Continuing Ops.	4,925	4,515	3,899	3,580	3,592	2,081
Minority Interest in Earnings	-4.24	-1.43	-0.69	-1.16	-3.04	-5.06
Net Income	4,921	4,513	3,899	3,579	3,589	2,076
Net Income to Common	4,921	4,513	3,899	3,579	3,589	2,076
Net Income Growth	15.09%	15.77%	8.93%	-0.29%	72.87%	92.18%
Shares Outstanding (Basic)	534	542	540	555	559	552
Shares Outstanding (Diluted)	540	548	544	573	573	559
Shares Change (YoY)	-2.52%	0.76%	-5.03%	-0.09%	2.57%	9.26%
EPS (Basic)	9.21	8.33	7.22	6.44	6.42	3.76
EPS (Diluted)	9.11	8.23	7.16	6.25	6.26	3.71
EPS Growth	18.07%	14.90%	14.69%	-0.20%	68.53%	75.88%
Free Cash Flow	10,487	11,034	8,061	1,759	-4,156	1,366
Free Cash Flow Per Share	19.41	20.12	14.81	3.07	-7.25	2.44
Dividend Per Share	-	-	6.357	-	-	-
Operating Margin	30.33%	30.69%	27.67%	26.93%	32.08%	31.09%
Profit Margin	29.27%	27.77%	27.37%	27.65%	30.06%	25.64%
Free Cash Flow Margin	62.38%	67.90%	56.60%	13.59%	-34.80%	16.86%
Effective Tax Rate	3.33%	9.45%	0.94%	-	5.84%	14.04%
Revenue as Reported	17,559	17,031	14,860	13,347	12,077	8,152

Updated Aug 18, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q