XP Inc. (XP)

XP Inc. Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	15,779	14,860	13,347	12,077	8,152	5,128
Revenue Growth (YoY)	18.11%	11.33%	10.52%	48.16%	58.97%	73.33%
Cost of Revenue	4,601	4,399	3,871	3,430	2,645	1,597
Gross Profit	11,178	10,461	9,476	8,647	5,506	3,531
Selling, General & Admin	6,005	5,631	5,780	4,920	3,149	2,047
Other Operating Expenses	389.12	350.22	-162.79	-231.79	-115.49	-143.95
Operating Expenses	6,395	5,981	5,617	4,688	3,033	1,903
Operating Income	4,783	4,480	3,859	3,959	2,473	1,629
Interest Expense / Income	635.99	617.48	402.3	135.73	52.67	84.4
Other Expense / Income	-62.16	-72.82	13.33	10.75	4.2	9
Pretax Income	4,209	3,936	3,443	3,812	2,416	1,535
Income Tax	75.65	36.96	-135.56	222.71	339.92	454.63
Net Income	4,134	3,899	3,579	3,589	2,076	1,080
Net Income Growth	17.44%	8.93%	-0.29%	72.86%	92.18%	134.15%
Shares Outstanding (Basic)	549	561	560	559	552	552
Shares Change	-1.97%	0.17%	0.09%	1.32%	-	-
EPS (Basic)	7.61	7.22	6.44	6.42	3.76	2.11
EPS (Diluted)	7.53	7.16	6.25	6.26	3.71	2.11
EPS Growth	20.48%	14.70%	-0.21%	68.52%	75.94%	125.53%
Free Cash Flow	1,966	8,658	2,331	-3,287.97	1,957	-3,452.32
Free Cash Flow Per Share	3.58	15.45	4.17	-5.88	3.55	-6.26
Dividend Per Share	1.310	1.310	-	-	-	-
Gross Margin	70.84%	70.40%	71.00%	71.60%	67.55%	68.86%
Operating Margin	30.31%	30.15%	28.91%	32.78%	30.34%	31.76%
Profit Margin	26.20%	26.24%	26.81%	29.72%	25.47%	21.07%
Free Cash Flow Margin	12.46%	58.26%	17.46%	-27.22%	24.01%	-67.33%
Effective Tax Rate	1.80%	0.94%	-3.94%	5.84%	14.07%	29.62%
EBITDA	5,118	4,806	4,052	4,180	2,612	1,710
EBITDA Margin	32.44%	32.34%	30.36%	34.61%	32.05%	33.35%
Depreciation & Amortization	272.63	252.41	205.88	231.73	143.26	90.71
EBIT	4,845	4,553	3,846	3,948	2,469	1,620
EBIT Margin	30.71%	30.64%	28.81%	32.69%	30.29%	31.58%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).