XP Inc.
XP
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- XP Inc. operates in the capital markets sector, which is experiencing a significant shift towards digital financial services, positioning the company well for future growth.
- Revenue increased by 2% compared to the prior quarter, reaching $2.0 billion.
- Gross margin improved to 23.4%, up from 19.3% in the previous quarter.
- The company's operating margin remains negative, indicating ongoing challenges in cost management and profitability.
- XP's operating margin expanded to -66.7%, reflecting continued operational difficulties.
- The debt-to-equity ratio stands at 642.49, suggesting a high level of financial leverage that could pose risks.
Fundamentals
| Market cap | $15.33B | Enterprise value | -$112.55B | Trailing P/E | 15.82 | Forward P/E | 12.32 |
| PEG | — | Price / book | 3.33 | Beta | 1.03 | Dividend yield | 0.66% |
| Revenue growth | 10.6% | Earnings growth | 8.6% | Gross margin | 69.2% | Operating margin | 31.2% |
| Profit margin | 28.5% | ROE | 22.6% | ROA | 1.4% | Debt / equity | 6.42 |
| Current ratio | 1.49 | Free cash flow | — | Analyst recommendation | strong_buy | Mean target | $26.92 |
| 52w high | $30.88 | 52w low | $14.80 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $2.0B | $1.9B | $2.4B | $2.1B | $1.8B | — |
| Op margin | -66.7% | -68.4% | -37.3% | -54.4% | -66.9% | — |
| Net income | $1.4B | $1.3B | $1.3B | $1.3B | $1.3B | — |
| Gross margin | 23.4% | 19.3% | 38.1% | 27.1% | 20.6% | — |
| Gross profit | $460M | $373M | $927M | $567M | $369M | — |
| Operating income | -$1.3B | -$1.3B | -$907M | -$1.1B | -$1.2B | — |
- Revenue +2% vs prior quarter ($2.0B vs $1.9B).
- Gross margin 23.4% (was 19.3% prior quarter).
- Operating margin expanded to -66.7%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $8.0B | $7.4B | $6.5B | $5.9B | — |
| Op margin | -56.7% | -52.7% | -59.2% | -60.0% | — |
| Net income | $5.2B | $4.5B | $3.9B | $3.6B | — |
| Gross margin | 26.0% | 25.5% | 24.7% | 18.6% | — |
| Gross profit | $2.1B | $1.9B | $1.6B | $1.1B | — |
| Operating income | -$4.5B | -$3.9B | -$3.9B | -$3.6B | — |
Headlines — positive tone
• [OK · fundamentals] XP Shares Rise After Itau BBA Upgrade
News
2026-10-08 · XP (NASDAQ:XP) Stock Gets Fair Value Boost As Analysts Raise Targets
2026-10-06 · XP Shares Rise After Itau BBA Upgrade
2026-10-06 · XP Inc.A (XP) Soars 30.9%: Is Further Upside Left in the Stock?
2026-10-06 · Leave Some Powder Dry If You Take a Bet on XP Stock Now at 3-Year Highs
2026-10-05 · MercadoLibre, XP, Embraer Take Off On Brazil Election Results
2026-10-02 · Higher Treasury Yields Could Boost Victory Capital Stock and Bond Fund Platforms
2026-09-25 · 3 Digital Wealth Stocks For Investors Rethinking Cash At 5.2%
2026-09-22 · Dow Jones Tech Titan Amazon Eyes Buy Point Amid Battle With Key Support Level
2026-09-18 · These Are The 5 Best Stocks To Buy Or Watch Now
2026-09-17 · Stock Of The Day XP, The Charles Schwab Of Brazil, Nears Buy Point
2026-08-25 · XP Inc (XP) (Q2 2026) Earnings Call Highlights: Record Client Assets and Strategic Resilience ...
Price (daily)
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