XP Inc. Income Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	14,860	13,347	12,077	8,152	5,128	2,958	1,907	1,252
Revenue Growth (YoY)	11.33%	10.52%	48.16%	58.97%	73.33%	55.16%	52.31%	-
Cost of Revenue	4,399	3,871	3,430	2,645	1,597	933.03	579.88	376.09
Gross Profit	10,461	9,476	8,647	5,506	3,531	2,025	1,327	875.72
Selling, General & Admin	5,631	5,780	4,920	3,149	2,047	1,273	682.47	495.34
Other Operating Expenses	350.22	-162.79	-231.79	-115.49	-143.95	39.51	7.7	6.47
Operating Expenses	5,981	5,617	4,688	3,033	1,903	1,312	690.17	501.8
Operating Income	4,480	3,859	3,959	2,473	1,629	713.04	636.6	373.92
Interest Expense / Income	617.48	402.3	135.73	52.67	84.4	72.31	61.09	0
Other Expense / Income	-72.82	13.33	10.75	4.2	9	3.89	9.67	55.09
Pretax Income	3,936	3,443	3,812	2,416	1,535	636.84	565.84	318.83
Income Tax	36.96	-135.56	222.71	339.92	454.63	175.4	151.97	130.15
Net Income	3,899	3,579	3,589	2,076	1,080	461.44	413.87	188.68
Net Income Growth	8.93%	-0.29%	72.86%	92.18%	134.15%	11.49%	119.36%	-
Shares Outstanding (Basic)	561	560	559	552	552	552	-	-
Shares Change	0.17%	0.09%	1.32%	-	-	-	-	-
EPS (Basic)	7.22	6.44	6.42	3.76	2.11	0.94	0.85	0.14
EPS (Diluted)	7.16	6.25	6.26	3.71	2.11	0.94	0.85	0.14
EPS Growth	14.70%	-0.21%	68.52%	75.94%	125.53%	9.60%	527.94%	-
Free Cash Flow	8,658	2,331	-3,287.97	1,957	-3,452.32	-279.34	458.61	62.32
Free Cash Flow Per Share	15.45	4.17	-5.88	3.55	-6.26	-0.51	-	-
Dividend Per Share	1.310	-	-	-	-	-	-	-
Gross Margin	70.40%	71.00%	71.60%	67.55%	68.86%	68.46%	69.59%	69.96%
Operating Margin	30.15%	28.91%	32.78%	30.34%	31.76%	24.10%	33.39%	29.87%
Profit Margin	26.24%	26.81%	29.72%	25.47%	21.07%	15.60%	21.71%	15.07%
Free Cash Flow Margin	58.26%	17.46%	-27.22%	24.01%	-67.33%	-9.44%	24.05%	4.98%
Effective Tax Rate	0.94%	-3.94%	5.84%	14.07%	29.62%	27.54%	26.86%	40.82%
EBITDA	4,806	4,052	4,180	2,612	1,710	761.94	654.34	341.9
EBITDA Margin	32.34%	30.36%	34.61%	32.05%	33.35%	25.75%	34.32%	27.31%
Depreciation & Amortization	252.41	205.88	231.73	143.26	90.71	52.79	27.4	23.07
EBIT	4,553	3,846	3,948	2,469	1,620	709.15	626.93	318.83
EBIT Margin	30.64%	28.81%	32.69%	30.29%	31.58%	23.97%	32.88%	25.47%

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