XP Inc. Income Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	18,399	17,031	14,860	13,347	12,077
Revenue Growth (YoY)	8.03%	14.61%	11.33%	10.52%	48.16%
Cost of Revenue	5,463	5,063	4,399	3,871	3,430
Gross Profit	12,936	11,968	10,461	9,476	8,647
Selling, General & Admin	6,713	6,150	5,631	5,780	4,920
Other Operating Expenses	264.38	99.59	350.22	-162.79	-231.79
Total Operating Expenses	6,977	6,250	5,981	5,617	4,688
Operating Income	5,958	5,718	4,480	3,859	3,959
Interest Income	115.85	47.29	73.51	-12.17	-7.71
Interest Expense	-625.4	-779.53	-617.48	-402.3	-135.73
Total Non-Operating Income (Expense)	-509.55	-732.24	-543.97	-414.47	-143.44
Pretax Income	5,449	4,986	3,936	3,445	3,815
Provision for Income Taxes	279.26	471.13	36.96	-135.56	222.71
Net Income	5,170	4,513	3,899	3,579	3,589
Minority Interest in Earnings	-0.49	1.43	0.69	1.16	3.04
Net Income to Common	5,170	4,513	3,899	3,579	3,589
Net Income Growth	14.54%	15.77%	8.93%	-0.29%	72.87%
Shares Outstanding (Basic)	527	542	540	555	559
Shares Outstanding (Diluted)	532	548	544	573	573
Shares Change (YoY)	-2.99%	0.76%	-5.03%	-0.09%	2.57%
EPS (Basic)	9.80	8.33	7.22	6.44	6.42
EPS (Diluted)	9.72	8.23	7.16	6.25	6.26
EPS Growth	18.07%	14.90%	14.69%	-0.20%	68.53%
Shares Outstanding	518.74	537.42	549.49	560.52	559.55
Free Cash Flow	11,836	11,034	8,061	1,759	-4,156
Free Cash Flow Growth	7.26%	36.88%	358.21%	-	-
Free Cash Flow Per Share	22.25	20.12	14.81	3.07	-7.25
Dividends Per Share	0.991	4.020	6.357	-	-
Dividend Growth	-75.34%	-36.75%	-	-	-
Gross Margin	70.31%	70.27%	70.40%	71.00%	71.60%
Operating Margin	32.38%	33.58%	30.15%	28.91%	32.78%
Profit Margin	28.10%	26.51%	26.24%	26.82%	29.75%
FCF Margin	64.33%	64.79%	54.25%	13.18%	-34.41%
EBITDA	6,262	5,984	4,733	4,065	4,190
EBITDA Margin	34.04%	35.13%	31.85%	30.46%	34.70%
EBIT	5,958	5,718	4,480	3,859	3,959
EBIT Margin	32.38%	33.58%	30.15%	28.91%	32.78%
Effective Tax Rate	5.13%	9.45%	0.94%	-3.94%	5.84%

Updated Feb 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q