XP Inc. Balance Sheet

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
Cash & Equivalents	10,357	5,611	3,943	3,553	2,486
Short-Term Investments	299,041	269,122	185,968	138,813	110,351
Cash & Short-Term Investments	309,398	274,733	189,911	142,366	112,836
Cash Growth	12.62%	44.66%	33.40%	26.17%	33.11%
Accounts Receivable	1,366	778.94	681.19	597.89	469.09
Other Receivables	6,299	6,499	2,932	3,271	1,406
Total Trade Receivables	7,666	7,278	3,614	3,869	1,875
Other Current Assets	10,429	10,344	7,530	5,502	4,136
Total Current Assets	327,493	292,355	201,055	151,737	118,847
Net Property, Plant & Equipment	804.13	763.1	655.17	569.39	598.47
Goodwill	2,763	2,634	2,502	844.18	820.98
Long-Term Investments	45,184	35,583	38,516	33,755	17,072
Other Long-Term Assets	20,284	16,121	6,313	5,129	1,735
Total Assets	396,528	347,457	249,041	192,035	139,340
Accounts Payable	810.16	763.47	948.22	617.39	867.53
Accrued Expenses	2,219	1,729	1,706	1,334	1,572
Short-Term Debt	58,714	71,780	33,341	31,790	26,281
Other Current Liabilities	93,332	88,507	74,383	49,752	37,851
Total Current Liabilities	155,074	162,779	110,378	83,493	66,572
Long-Term Debt	123,641	96,915	62,565	45,550	26,358
Other Long-Term Liabilities	94,265	67,716	56,647	45,950	31,991
Total Long-Term Liabilities	217,906	164,631	119,212	91,500	58,349
Total Liabilities	372,981	327,410	229,590	174,992	124,921
Common Stock	0.03	0.03	0.03	0.02	-
Treasury Stock	-125.1	-222.18	-117.12	-1,987	-171.94
Additional Paid-in Capital	24,009	20,940	19,190	19,156	14,923
Accumulated Other Comprehensive Income	-337.11	-673.98	376.45	-133.91	-334.56
Total Common Shareholders' Equity	23,547	20,044	19,449	17,036	14,417
Minority Interest	1.01	3.68	1.49	6.48	2.79
Shareholders' Equity	23,548	20,047	19,451	17,042	14,420
Total Liabilities & Equity	396,528	347,457	249,041	192,035	139,340
Total Debt	182,355	168,695	95,906	77,340	52,639
Net Cash (Debt)	127,042	106,038	94,005	65,026	60,197
Net Cash Growth	19.81%	12.80%	44.56%	8.02%	27.82%
Net Cash Per Share	238.84	193.39	172.74	113.48	104.96
Book Value	23,547	20,044	19,449	17,036	14,417
Book Value Per Share	44.27	36.55	35.74	29.73	25.14
Tangible Book Value	20,783	17,409	16,947	16,192	13,596
Tangible Book Value Per Share	39.07	31.75	31.14	28.26	23.71

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

SEC Filings: 10-K · 10-Q