XP Inc. (XP) — Financial statements
Income statement, balance sheet, and cash flow for XP Inc. — annual and quarterly history with growth and margin analysis.
| Metric (BRL Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 18,238↓8.2% | 19,870↑34.1% | 14,817↑4.5% | 14,180↑9.3% | 12,974 | |
| Cost of Revenue | 5,952↓7.2% | 6,417↑33.0% | 4,825↑8.8% | 4,436↑9.6% | 4,047 | |
| Gross Profit | 12,286↓8.7% | 13,453↑34.6% | 9,992↑2.5% | 9,744↑9.1% | 8,928 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 6,373↓7.1% | 6,858↑25.9% | 5,447↓4.4% | 5,695↑19.3% | 4,774 | |
| Operating Expenses | 6,373↓7.1% | 6,858↑25.9% | 5,447↓4.4% | 5,695↑19.3% | 4,774 | |
| Total Costs & Expenses | 12,325↓7.2% | 13,274↑29.2% | 10,272↑1.4% | 10,132↑14.9% | 8,820 | |
| Operating Results | ||||||
| Operating Income | 5,914↓10.3% | 6,596↑45.1% | 4,545↑12.3% | 4,049↓2.5% | 4,154 | |
| Depreciation & Amortization | 298↓2.0% | 304↑22.5% | 248↑16.5% | 213↓11.5% | 241 | |
| EBITDA | 6,253↓9.6% | 6,918↑46.3% | 4,730↑12.7% | 4,198↓3.4% | 4,347 | |
| EBIT | 5,955↓10.0% | 6,614↑47.6% | 4,481↑12.5% | 3,985↓3.0% | 4,106 | |
| Interest & Other Income | ||||||
| Net Interest Income | 9,614↓5.3% | 10,157↑33.6% | 7,604↑4.6% | 7,272↑21.6% | 5,979 | |
| Interest Income | 10,227↓7.5% | 11,051↑34.6% | 8,212↑6.8% | 7,689↑25.6% | 6,120 | |
| Interest Expense | 613↓31.4% | 894↑47.2% | 608↑45.8% | 417↑195.4% | 141 | |
| Non-Operating Income | -41↓127.1% | -18↓128.2% | 64↑0.6% | 64↑33.5% | 48 | |
| Other Income / Expenses | -572↑34.7% | -876↓30.4% | -672↓39.8% | -480↓154.5% | -189 | |
| Income Before Tax | 5,342↓6.6% | 5,719↑47.7% | 3,874↑8.6% | 3,568↓10.0% | 3,965 | |
| Income Tax Expense | 274↓49.3% | 540↑1386.0% | 36↑125.9% | -140↓160.7% | 231 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 5,068↓2.1% | 5,179↑35.0% | 3,837↑3.5% | 3,709↓0.7% | 3,734 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 5,068↓2.1% | 5,177↑35.0% | 3,836↑3.5% | 3,707↓0.6% | 3,731 | |
| Bottom-Line Net Income | 5,068↓2.1% | 5,177↑35.0% | 3,836↑3.5% | 3,707↓0.6% | 3,731 | |
| EPS (Basic) | 9.80↑19.1% | 8.23↑14.9% | 7.16↑11.2% | 6.44↑0.3% | 6.42 | |
| EPS (Diluted) | 9.72↑18.1% | 8.23↑14.9% | 7.16↑14.6% | 6.25↓0.2% | 6.26 | |
| Weighted Average Shares | 527↓3.8% | 548↑0.8% | 544↓2.0% | 555↓0.6% | 559 | |
| Weighted Average Diluted Shares | 532↓3.0% | 548↑0.8% | 544↓5.0% | 573↓0.1% | 573 | |
* All figures in Millions of BRL, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.