XP Inc. (XP)
NASDAQ: XP · Real-Time Price · USD
18.23
+0.57 (3.23%)
Aug 31, 2026, 4:00 PM EDT - Market closed
XP Inc. Cash Flow Statement
Financials in millions BRL. Fiscal year is January - December.
Millions BRL. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 1,392 | 1,310 | 1,296 | 1,320 | 1,319 | 1,236 | 1,180 | 1,186 | 1,117 | 1,030 | 1,042 | 1,086 | 975.35 | 795.02 | 782.95 | 1,031 | 911.25 | 854.1 | 989.44 | 935.66 |
Depreciation & Amortization, Total | 92.35 | 73.82 | 7.95 | 67.74 | 70.45 | 67.97 | -3.93 | 72 | 65.76 | 68.06 | 10.8 | 71.25 | 50.84 | 47.84 | -30.83 | 43.66 | 55.71 | 60.9 | -96.43 | 51.38 |
Gain (Loss) On Sale of Investments | 105.99 | 121.25 | 77.16 | 97.95 | 95.66 | 152.56 | 135.35 | 46.57 | 42.83 | 96.87 | 357.45 | -78.15 | 59.97 | 47.96 | 22.9 | 28.21 | 1.41 | 26.43 | 30.27 | 5.28 |
Stock-Based Compensation | 33.15 | 130.86 | -5.54 | 132.84 | 128.45 | 135.94 | 60.41 | 141.82 | 69.92 | 145.1 | 87.49 | 125.6 | 114.47 | 38.16 | 123.55 | 142.4 | 164.12 | 154.7 | 170.96 | 124.37 |
Change in Accounts Receivable | 8.07 | 201.03 | -204.07 | -141.03 | -132.99 | -160.73 | 174.8 | -288.39 | -33.49 | 37.35 | -76.89 | 78.55 | -46.48 | -8.43 | -24.94 | 40.51 | -282.04 | 109.41 | -114.85 | 38.88 |
Change in Accounts Payable | -82.31 | 79.81 | 76.14 | 14.14 | -151.44 | 107.86 | -42.18 | 182.44 | -330.22 | 5.21 | 344.43 | -26.33 | 40.25 | -32 | 37.32 | 68.24 | 12.58 | -426.96 | -98.74 | -360.92 |
Change in Other Net Operating Assets | -2,628 | 3,353 | -3,784 | 10,880 | 3,912 | -3,545 | 1,504 | 3,838 | 4,170 | -4,879 | 2,885 | -3,085 | 771.96 | 2,732 | 415.5 | -1,767 | -1,670 | 1,413 | -144.87 | -5,146 |
Other Operating Activities | 33.37 | -482.78 | 315.8 | -169.29 | -502.74 | -638.36 | 788.67 | -459.33 | 964.48 | 110.87 | -259.8 | 250.65 | -207.66 | -165.46 | -107.45 | 178.3 | 421.45 | -1,058 | -10.9 | 296.77 |
Operating Cash Flow | -1,163 | 4,689 | -2,385 | 12,307 | 4,756 | -2,634 | 3,820 | 4,689 | 6,016 | -3,346 | 4,129 | -1,219 | 1,789 | 3,428 | 1,516 | -199.69 | -615.2 | 1,103 | 992.81 | -4,013 |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -35.92 | -52.92 | -56.74 | -89.22 | -43.2 | -20.18 | -27.19 | -54.09 | -30.56 | -32.97 | 0.97 | -59.24 | -5.8 | -1.93 | -11.04 | -12.93 | -12.2 | -8.4 | -27.87 | -55.82 |
Cash Acquisitions | 16.49 | -16.49 | - | - | - | - | -4.62 | - | - | - | - | 770.89 | - | - | -34.35 | -19.78 | -15.4 | - | -40 | - |
Sale (Purchase) of Intangibles | -82.61 | -178.97 | -92.76 | -71.78 | -63.19 | -52.55 | -54.19 | -66.65 | -46.17 | -13.78 | 52.58 | -140.85 | -33.6 | -8.35 | -66.79 | -0.14 | -10.3 | -5.18 | -10.96 | -12.32 |
Investment in Securities | -18.65 | -62.85 | -103.73 | -158.14 | -28.22 | -81.19 | -35 | -189.82 | -498.58 | -670.46 | -65.44 | - | 10.25 | 19.34 | 34.79 | -28.4 | -69.17 | -111.99 | -448.99 | -247.58 |
Other Investing Activities | 2.54 | - | 103.7 | 9.25 | 31.93 | - | 19.85 | - | 26.96 | - | - | - | - | - | - | - | - | - | - | - |
Investing Cash Flow | -118.14 | -311.23 | -149.53 | -309.89 | -102.67 | -153.92 | -101.16 | -300.56 | -548.34 | -717.2 | -11.89 | 570.79 | -29.15 | 9.06 | -77.39 | -61.25 | -107.07 | -125.57 | -527.82 | -315.72 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Long-Term Debt Issued | - | 260.97 | - | - | - | 1,961 | - | - | - | - | - | - | - | 134.6 | - | - | - | - | - | - |
Total Debt Issued | 1,356 | 260.97 | - | 241.34 | 424.25 | 1,961 | - | 1,159 | - | - | 999.72 | 1,438 | 53.61 | 134.6 | - | 1,865 | 25.72 | - | -143.28 | 3,835 |
Long-Term Debt Repaid | - | -35.18 | - | - | - | -1,313 | - | - | - | -53.44 | - | - | - | -27.48 | - | - | - | -24.62 | - | - |
Total Debt Repaid | -2,322 | -35.18 | -1,388 | -1,707 | -749.49 | -1,313 | -11.29 | -2,250 | -1,238 | -53.44 | -610.14 | -77.64 | -1,841 | -27.48 | -25.73 | -24.65 | -202.71 | -24.62 | 30.36 | -76.33 |
Net Debt Issued (Repaid) | -966.08 | 225.79 | -1,388 | -1,465 | -325.24 | 647.61 | -11.29 | -1,090 | -1,238 | -53.44 | 389.59 | 1,360 | -1,788 | 107.12 | -25.73 | 1,840 | -176.99 | -24.62 | -112.92 | 3,758 |
Repurchase of Common Stock | -798.47 | -197.48 | -852.29 | -133.57 | -417.05 | -497.77 | -105.06 | - | -1,238 | -10.34 | - | - | - | -915.86 | -1,306 | -262.79 | -246.33 | - | - | - |
Common Dividends Paid | -517.89 | - | -494.52 | - | - | - | -2,037 | - | - | - | -1,965 | -1,578 | - | - | - | - | - | - | - | - |
Other Financing Activities | -0.15 | -0.05 | -0.3 | -0.14 | -0.18 | -0.18 | - | -0.4 | -0.49 | -0.11 | -4.98 | -0.42 | -0.41 | -0.19 | 3.61 | -0.54 | -0.97 | -0.37 | -1.54 | 1,138 |
Financing Cash Flow | -2,283 | 28.26 | -2,735 | -1,599 | -742.47 | 149.66 | -2,153 | -1,091 | -2,476 | -63.89 | -1,580 | -217.57 | -1,788 | -808.93 | -1,328 | 1,577 | -424.29 | -24.99 | -114.45 | 4,896 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | 1.45 | -24.07 | -78.69 | -1.84 | 28.71 | -38.78 | -93.51 | 37.31 | 18.44 | 9.48 | -15.97 | 6.57 | -4.87 | -14.01 | -45.05 | 49.83 | 15.56 | -37.02 | -215.6 | -167.28 |
Net Cash Flow | -3,563 | 4,382 | -5,348 | 10,396 | 3,940 | -2,677 | 1,472 | 3,335 | 3,010 | -4,118 | 2,521 | -859.3 | -32.86 | 2,614 | 65.45 | 1,366 | -1,131 | 915.47 | 134.94 | 399.69 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | -1,199 | 4,636 | -2,441 | 12,218 | 4,713 | -2,654 | 3,793 | 4,635 | 5,985 | -3,379 | 4,130 | -1,278 | 1,784 | 3,426 | 1,505 | -212.62 | -627.4 | 1,095 | 964.95 | -4,069 |
Free Cash Flow Growth (YoY) | - | - | - | 163.59% | -21.26% | - | -8.16% | - | 235.58% | - | 174.47% | - | - | 212.99% | 55.94% | - | - | 224.98% | 61.14% | - |
Free Cash Flow Margin | -25.34% | 101.42% | -50.78% | 270.39% | 110.13% | -63.69% | 89.37% | 112.50% | 149.05% | -87.28% | 106.48% | -31.99% | 52.52% | 115.31% | 49.71% | -6.09% | -18.72% | 35.62% | 30.13% | -130.32% |
Free Cash Flow Per Share | -2.30 | 8.82 | -4.69 | 22.84 | 8.80 | -4.92 | 7.02 | 8.51 | 10.85 | -6.07 | 7.47 | -2.31 | 3.35 | 6.38 | 2.67 | -0.37 | -1.09 | 1.90 | 1.67 | -7.12 |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Cash Interest Paid | 97.55 | 10.16 | 148.12 | 130.96 | 88.26 | - | 155.4 | 110.39 | 73.5 | 10.06 | 61.17 | 7.39 | 65.75 | 6.88 | 88.71 | 7 | 95.71 | 6.51 | 69 | 8.41 |
Cash Income Tax Paid | 56.11 | 338.53 | 51.79 | 79.01 | 57.36 | 125.45 | 39.38 | 137.2 | 97.81 | 268.01 | 67.84 | 131 | 46.08 | 157.93 | 18.93 | 57.05 | 57.38 | 237.49 | 305.14 | 173.82 |