Revenue
5Y CAGR +7.9%5Y CAGR +7.9%$1.4B FY25
FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
XP
$15.17+4.19%
as of close, Nov 4, 2026
☾ AH $15.17 +4.19%
Head-to-head:Compare with IREN or any ticker →
XP financial statements
The full income statement, balance sheet, and cash-flow statement for XP Inc. (XP), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Financial overview#
Net income
5Y CAGR +18.0%5Y CAGR +18.0%$924.7M FY25
FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
EPS (diluted)
5Y CAGR +19.3%5Y CAGR +19.3%$1.74 FY25
FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Operating cash flow
5Y CAGR +49.0%5Y CAGR +49.0%$2.2B FY25
FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Capital expenditure
5Y CAGR +7.9%5Y CAGR +7.9%— FY25
FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Free cash flow
5Y n/m5Y n/m— FY25
FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares (diluted)
5Y −4.9%5Y −4.9%531.9M FY25
FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Dividend per share
$0.17 FY25
FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares outstanding (point-in-time)
2017-12 484.9M2018-12 509.2M2019-12 551.8M2020-12 559.1M2021-12 559.5M2022-12 560.5M2023-12 549.5M2024-12 537.4M2025-12 518.7M+7.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.43B+3.6% | 1.38B+5.2% | 1.31B+13.7% | 1.15B+0.2% | 1.15B+17.9% | |
| Pre-tax income | 975M+5.5% | 923M+17.2% | 788M+18.1% | 667M-5.7% | 707M+50.4% | |
| Income tax | 50.0M-42.7% | 87.3M+1079.5% | 7.40M+128.2% | -26.3M-163.6% | 41.3M-37.4% | |
| 925M+10.6% | 836M+7.1% | 781M+12.6% | 693M+4.1% | 666M+64.8% | ||
| Net income to common | 925M+10.6% | 836M+7.1% | 780M+12.6% | 693M+4.2% | 665M+65.0% | |
| $1.74+14.0% | $1.52+6.3% | $1.43+18.6% | $1.21+4.3% | $1.16+60.9% | ||
| EPS (basic) | $1.75+13.6% | $1.54+6.7% | $1.45+15.9% | $1.25+4.9% | $1.19+63.1% | |
| Weighted-avg shares (basic) | 527M-2.7% | 542M+0.3% | 540M-2.8% | 555M-0.6% | 559M+1.2% | |
| Weighted-avg shares (diluted) | 532M-3.0% | 548M+0.8% | 544M-5.0% | 573M-0.1% | 573M+2.6% | |
| Dividends per share | $0.17-75.7% | $0.70-45.8% | $1.29 | — | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 3.50B+67.6% | 2.09B+10.0% | 1.90B+102.0% | 940M+39.5% | 674M+31.5% | |
| 72.2B+28.5% | 56.2B+9.5% | 51.3B+41.3% | 36.3B+45.2% | 25.0B+35.3% | ||
| Property, plant & equipment | 84.4M+16.0% | 72.8M-5.4% | 76.9M+30.8% | 58.8M+4.3% | 56.4M+43.5% | |
| Total liabilities | 67.9B+28.2% | 52.9B+11.9% | 47.3B+42.9% | 33.1B+47.6% | 22.4B+36.8% | |
| 4.29B+32.2% | 3.24B-19.1% | 4.01B+24.4% | 3.22B+24.5% | 2.59B+23.4% | ||
| Total equity incl. non-controlling | 4.29B+32.2% | 3.24B-19.1% | 4.01B+24.3% | 3.22B+24.5% | 2.59B+23.4% | |
| Common shares outstanding | 520M-3.7% | 540M-1.8% | 549M-2.0% | 561M+0.2% | 560M+0.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.15B+4.1% | 2.07B+27.3% | 1.63B+365.7% | 349M+146.9% | -745M-354.1% | ||
| Depreciation & amortization | 25.2M+8.8% | 23.2M-2.3% | 23.7M+11.2% | 21.4M+67.9% | 12.7M-2.8% | |
| Capital expenditure | — | 26.8M+103.0% | 13.2M+53.1% | 8.63M-65.6% | 25.1M-10.9% | |
| Free cash flow | — | 2.04B+26.6% | 1.61B+373.7% | 341M+144.2% | -770M-390.5% | |
| Acquisitions | — | — | — | — | 0.00 | |
| Long-term debt issued | 470M | 0.00-100.0% | 451M | 0.00-100.0% | 291M | |
| Long-term debt repaid | 696M+57.8% | 441M+12.0% | 394M+1898.7% | 19.7M+39.2% | 14.2M-52.3% | |
| Common stock issued | 0.00-100.0% | 19.7M | 0.00 | 0.00-100.0% | 210M | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 88.5M-76.6% | 377M-46.8% | 709M | 0.00 | 0.00 | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 8.49B+33.3% | 6.37B-56.4% | 14.6B+70.2% | 8.58B-46.6% | 16.1B-27.5% | |
| P/E | 9.2×+20.6% | 7.6×-63.9% | 21.1×+63.5% | 12.9×-46.6% | 24.2×-56.0% | |
| P/S | 6.0×+28.7% | 4.6×-63.5% | 12.7×+69.9% | 7.5×-46.6% | 14.0×-38.5% | |
| P/B | 2.0×+0.8% | 2.0×-56.7% | 4.5×+36.7% | 3.3×-46.6% | 6.2×-41.2% | |
| P/FCF | — | 3.1×-92.7% | 42.9× | — | — | |
| Earnings yield | 10.9%-17.1% | 13.1%+176.7% | 4.7%-38.8% | 7.8%+87.4% | 4.1%+127.2% | |
| FCF yield | — | 32.1%+1276.4% | 2.3% | — | — | |
| Dividend yield | 1.0%-82.4% | 5.9%+19.2% | 5.0% | — | — | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: XP’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all XP filings on SEC EDGAR → Not investment advice.
Head-to-head:Compare with IREN or any ticker →