XP Class A XP Inc. - Class A Common Stock
NASDAQ · Financial Services · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Apr 29, 2026XP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
XP Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | XP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | 1.75Y avg ≈2.8 | ≈2.8 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | XP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Pretax Margin | 68.4%5Y avg ≈63.1% | ≈63.1% | · | · | |
| Net Profit Margin | 64.9%5Y avg ≈60.7% | ≈60.7% | · | · | |
| ROA | 1.4%5Y avg ≈2.0% | ≈2.0% | · | · | |
| ROE | 23.7%5Y avg ≈23.8% | ≈23.8% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | XP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.05Y avg ≈0.0 | ≈0.0 | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Jun 10, 2026 | $0.20 | USD | ≈2.5% |
| Dec 10, 2025 | $0.18 | USD | ≈1.0% |
| Dec 10, 2024 | $0.65 | USD | ≈5.0% |
| Dec 12, 2023 | $0.73 | USD | ≈5.8% |
| Sep 11, 2023 | $0.58 | USD | ≈2.3% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 17, 2026 | $2.67 | $2.70 | -0.99% |
| March 31, 2026 | May 18, 2026 | $2.49 | $2.64 | -5.6% |
| Dec. 31, 2025 | $2.56 | $2.59 | -1.2% | |
| Sept. 30, 2025 | $2.46 | $2.50 | -1.4% | |
| June 30, 2025 | $2.46 | $2.42 | 1.9% | |
| March 31, 2025 | $2.29 | $2.26 | 1.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.97B | $7.42B | $6.53B | $5.94B | $6.20B | $5.02B | $3.60B | $2.05B | |
| Pretax Income | $5.45B | $4.99B | $3.94B | $3.44B | $3.82B | $2.42B | $1.54B | $641M | |
| Income Tax | $279M | $471M | $37M | $-136M | $223M | $340M | $455M | $175M | |
| Net Income | $5.17B | $4.51B | $3.90B | $3.58B | $3.59B | $2.08B | $1.08B | $461M | |
| EPS (Basic) | $9.80 | $8.33 | $7.22 | $6.44 | $6.42 | $3.76 | $2.11 | $0.94 | |
| EPS (Diluted) | $9.72 | $8.23 | $7.16 | $6.25 | $6.26 | $3.71 | $2.11 | $0.94 | |
| Shares (Basic) | 527,318,000 | 541,673,000 | 539,835,000 | 555,429,000 | 559,004,000 | 552,291,000 | 511,462,000 | 493,117,000 | |
| Shares (Diluted) | 531,923,000 | 548,319,000 | 544,212,000 | 573,006,000 | 573,499,000 | 559,108,000 | 511,710,000 | 493,117,000 |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.36B | $5.61B | $3.94B | $3.55B | $2.49B | $1.95B | $110M | $68M | |
| Receivables | · | · | · | · | · | · | $462M | $219M | |
| PP&E (Net) | $464M | $450M | $373M | $311M | $314M | $204M | $142M | $99M | |
| Intangibles | · | · | · | · | · | · | $553M | $505M | |
| Total Assets | $396.53B | $347.46B | $249.04B | $192.03B | $139.34B | $96.03B | $43.62B | $17.72B | |
| Total Liabilities | $372.98B | $327.41B | $229.59B | $174.99B | $124.92B | $85.13B | $36.47B | $15.63B | |
| Stockholders' Equity | $23.55B | $20.04B | $19.45B | $17.04B | $14.42B | $10.89B | $7.15B | $2.08B |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $12.04B | $11.18B | $8.13B | $1.80B | $-4.02B | $1.51B | $-3.81B | $-457M | |
| CapEx | $209M | $145M | $66M | $45M | $135M | $145M | $72M | $83M | |
| Investing Cash Flow | $-716M | $-1.67B | $539M | $-371M | $-1.15B | $-582M | $-161M | $-147M | |
| Dividends Paid | $495M | $2.04B | $3.54B | $0 | $0 | $0 | $500M | $325M | |
| Financing Cash Flow | $-4.93B | $-5.78B | $-4.39B | $-200M | $6.64B | $789M | $4.23B | $380M | |
| Free Cash Flow | $11.84B | $11.03B | $8.06B | $1.76B | $-4.16B | $1.37B | $-3.89B | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 64.9% | 60.8% | 59.7% | 60.2% | 57.9% | 41.4% | 30.0% | · | |
| Pretax Margin | 68.4% | 67.2% | 60.3% | 58.0% | 61.6% | 48.3% | 42.9% | · | |
| ROA | 1.4% | 1.5% | 1.8% | 2.2% | 3.0% | 3.0% | 3.5% | · | |
| ROE | 23.7% | 22.9% | 21.4% | 22.8% | 28.4% | 23.0% | 23.4% | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | · | |
| Receivables Turnover | · | · | · | · | · | · | 10.6 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $14.98 | $13.54 | $12.00 | $10.37 | $10.80 | $8.97 | $7.03 | · | |
| Cash Flow / Share | $22.64 | $20.39 | $14.93 | $3.15 | $-7.01 | $2.70 | $-7.45 | · | |
| EPS (TTM) | $9.72 | $8.23 | $7.16 | $6.25 | $6.26 | $3.71 | $2.11 | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $7.97B | $7.42B | $6.53B | $5.94B | $6.20B | $5.02B | $3.60B | · | |
| Net Income TTM | $5.17B | $4.51B | $3.90B | $3.58B | $3.59B | $2.08B | $1.08B | · | |
| P/E | 1.7 | 1.4 | 3.6 | 2.5 | 4.6 | 10.7 | 18.2 | · | |
| Earnings Yield | 59.4% | 69.5% | 27.5% | 40.7% | 21.8% | 9.4% | 5.5% | · | |
| Payout Ratio | 9.6% | 45.1% | 90.9% | · | 0.00% | 0.00% | 46.3% | · | |
| Annual Payout | $495M | $2.04B | $3.54B | $0 | $0 | $0 | $500M | · |
Per Share
| Metric | Trend | Q4 2019 |
|---|---|---|
| EPS (TTM) | $2.11 |
Valuation (TTM)
| Metric | Trend | Q4 2019 |
|---|---|---|
| Revenue TTM | $3.60B | |
| Net Income TTM | $1.08B | |
| P/E | 18.2 | |
| Earnings Yield | 5.5% | |
| Annual Payout | $500M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $7.97B | $7.42B | $6.53B | $5.94B | $6.20B |
| Net Income | $5.17B | $4.51B | $3.90B | $3.58B | $3.59B |
| Diluted EPS | $9.72 | $8.23 | $7.16 | $6.25 | $6.26 |
Not enough fundamentals data to build this statement yet.
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $11.84B | $11.03B | $8.06B | $1.76B | $-4.16B |
Institutional owners (13F) 364 filers · $5.7B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 44 (-34 vs prior Q) | 66 (+18 vs prior Q) | 117 (-35 vs prior Q) | 137 (+33 vs prior Q) | +913K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $796,659,560 | 48,995,053 | 13.94% | Shares |
| Dodge & Cox | $529,495,713 | 32,564,312 | 9.26% | Shares |
| ARGA Investment Management, LP | $400,701,391 | 24,643,382 | 7.01% | Shares |
| GENERAL ATLANTIC, L.P. | $334,405,323 | 20,566,133 | 5.85% | Shares |
| Capital World Investors | $314,967,078 | 19,370,669 | 5.51% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $205,510,246 | 12,558,750 | 3.60% | Shares |
| STATE STREET CORP | $157,653,578 | 9,695,792 | 2.76% | Shares |
| Ninety One UK Ltd | $131,032,649 | 8,058,589 | 2.29% | Shares |
| FMR LLC | $129,698,027 | 7,976,508 | 2.27% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $114,258,174 | 7,026,948 | 2.00% | Shares |
| MARSHALL WACE, LLP | $106,157,640 | 6,528,760 | 1.86% | Shares |
| MORGAN STANLEY | $105,525,451 | 6,489,878 | 1.85% | Shares |
| Capital Research Global Investors | $81,918,758 | 5,038,054 | 1.43% | Shares |
| BANK OF AMERICA CORP /DE/ | $78,560,630 | 4,831,527 | 1.37% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $78,434,660 | 4,845,463 | 1.37% | Shares |
| SPX Gestao de Recursos Ltda | $78,261,526 | 4,813,132 | 1.37% | Shares |
| FRANKLIN RESOURCES INC | $72,688,590 | 4,470,393 | 1.27% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $70,363,524 | 4,327,400 | 1.23% | Call option |
| Fisher Asset Management, LLC | $66,759,852 | 4,105,772 | 1.17% | Shares |
| Seafarer Capital Partners, LLC | $63,592,860 | 3,911,000 | 1.11% | Shares |
| VANGUARD GROUP INC | $61,955,817 | 3,784,717 | 1.08% | Shares |
| NORGES BANK | $60,522,907 | 3,722,196 | 1.06% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $56,024,914 | 2,942,485 | 0.98% | Shares |
| AMERICAN CENTURY COMPANIES INC | $51,513,436 | 3,168,108 | 0.90% | Shares |
| OAKTREE CAPITAL MANAGEMENT LP | $50,679,314 | 3,116,809 | 0.89% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $49,608,382 | 3,050,946 | 0.87% | Shares |
| Legal & General Group Plc | $45,640,374 | 2,806,911 | 0.80% | Shares |
| NORTHERN TRUST CORP | $45,418,653 | 2,793,275 | 0.79% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $44,281,117 | 2,723,316 | 0.77% | Shares |
| BAMCO INC /NY/ | $42,833,198 | 2,634,268 | 0.75% | Shares |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. | $35,628,912 | 2,191,200 | 0.62% | Call option |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. | $33,866,361 | 2,082,802 | 0.59% | Shares |
| BANK OF MONTREAL /CAN/ | $32,195,532 | 1,980,045 | 0.56% | Shares |
| Russell Investments Group, Ltd. | $30,920,295 | 1,901,484 | 0.54% | Shares |
| Navi International - Administradora e Gestora de Recursos Financeiros Ltda. | $29,885,636 | 1,837,985 | 0.52% | Shares |
| Ninety One North America, Inc. | $29,626,456 | 1,822,045 | 0.52% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $28,743,436 | 1,767,739 | 0.50% | Shares |
| UBS Group AG | $28,045,297 | 1,724,803 | 0.49% | Shares |
| Man Group plc | $28,036,354 | 1,724,253 | 0.49% | Shares |
| SEI INVESTMENTS CO | $27,103,188 | 1,666,860 | 0.47% | Shares |
| GOLDMAN SACHS GROUP INC | $25,745,241 | 1,583,348 | 0.45% | Shares |
| FEDERATED HERMES, INC. | $25,107,879 | 1,544,150 | 0.44% | Shares |
| Praetorian PR LLC | $24,796,500 | 1,525,000 | 0.43% | Shares |
| Fourth Sail Capital LP | $24,400,732 | 1,500,660 | 0.43% | Shares |
| Nuveen, LLC | $23,546,074 | 1,448,098 | 0.41% | Shares |
| FIL Ltd | $21,794,904 | 1,340,400 | 0.38% | Call option |
| DEUTSCHE BANK AG\ | $21,720,434 | 1,335,820 | 0.38% | Shares |
| Bridgewater Associates, LP | $20,415,259 | 1,255,551 | 0.36% | Shares |
| CITADEL ADVISORS LLC | $20,283,228 | 1,247,431 | 0.35% | Shares |
| Bank of New York Mellon Corp | $20,106,287 | 1,236,549 | 0.35% | Shares |
Activists & 5%+ owners 4 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| XP Control LLC, Guilherme Dias Fernandes Benchimol ×7 filings | July 7, 2026 | 18.70% | Amendment | · | SEC |
| GENERAL ATLANTIC, L.P., General Atlantic GenPar, L.P., General Atlantic (XP) Bermuda, L.P., General Atlantic (XP) Delaware, LLC, GAP (Bermuda) L.P., General Atlantic Partners 92A, L.P., General Atlantic Partners 92B, L.P., General Atlantic Partners 92C, L.P., General Atlantic Partners 92D, L.P., General Atlantic Partners 92E, L.P., General Atlantic Partners 92F, L.P., General Atlantic Partners 92G, L.P., General Atlantic Partners 92H, L.P., General Atlantic Partners 92I, L.P., General Atlantic Partners 92J, L.P., General Atlantic Partners (Bermuda) IV, L.P., General Atlantic GenPar (Bermuda), L.P., GAP Coinvestments III, LLC, GAP Coinvestments IV, LLC, GAP Coinvestments V, LLC, GAP Coinvestments CDA, L.P., GAPCO Management GmbH, GAPCO GmbH & Co KG, General Atlantic Partners 100, L.P., General Atlantic Partners (Bermuda) EU, L.P., General Atlantic Partners (Lux) SCSp, General Atlantic GenPar (Lux) SCSp, General Atlantic (Lux) S.a r.l., General Atlantic (SPV) GP, LLC, General Atlantic (XP) II, L.P. ×4 filings | Dec. 4, 2025 | 5.40% | Amendment | · | SEC |
| Itaúsa S.A. ×9 filings | July 21, 2023 | · | Initial filing | · | SEC |
| XPart S.A. | June 10, 2021 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 1 insider · 0 officers · 1 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Bruno Constantino Alexandre Dos Santos | Director | Sept. 16, 2026 S | 1,500,000 | 0 | 1 | $-2,413,372 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 31 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| EWZ · iShares, Inc. | 1.52% | 6,675,226 SH | Sept. 11, 2026 | Daily |
| LRGF · iShares Trust | 0.22% | 397,314 SH | Sept. 11, 2026 | Daily |
| ESGE · iShares, Inc. | 0.19% | 689,548 SH | Sept. 11, 2026 | Daily |
| BKF · iShares, Inc. | 0.19% | 6,981 SH | Sept. 11, 2026 | Daily |
| PGHY · Invesco Exchange-Traded Fund Trust … | 0.14% | 320,000 | Oct. 2, 2026 | Daily |
| EMXF · iShares Trust | 0.14% | 11,725 SH | Sept. 11, 2026 | Daily |
| IYF · iShares Trust | 0.12% | 265,886 SH | Sept. 11, 2026 | Daily |
| SMMD · iShares Trust | 0.11% | 215,713 SH | Sept. 11, 2026 | Daily |
| VFQY · VANGUARD WELLINGTON FUND | 0.09% | 25,785 SH | Aug. 19, 2026 | Daily |
| EMXC · iShares, Inc. | 0.08% | 1,060,912 SH | Sept. 11, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.08% | 41,151 SH | Aug. 19, 2026 | Daily |
| IWS · iShares Trust | 0.08% | 592,349 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.07% | 26,392 SH | Oct. 2, 2026 | Daily |
| EEM · iShares, Inc. | 0.06% | 1,022,908 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.06% | 1,610,855 SH | Sept. 11, 2026 | Daily |
| IEMG · iShares, Inc. | 0.06% | 4,575,809 SH | Sept. 11, 2026 | Daily |
| NUEM · Nushares ETF Trust | 0.04% | 8,200 NS | July 31, 2026 | N-PORT |
| VYM · VANGUARD WHITEHALL FUNDS | 0.03% | 1,552,179 SH | Aug. 19, 2026 | Daily |
| ACWX · iShares Trust | 0.02% | 136,951 SH | Sept. 11, 2026 | Daily |
| IWD · iShares Trust | 0.02% | 871,248 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 236,806 SH | Aug. 19, 2026 | Daily |
| IXUS · iShares Trust | 0.02% | 555,184 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.01% | 283,478 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.01% | 112,014 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 335,556 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.01% | 66,328 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 33,314 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 88,728 SH | Aug. 19, 2026 | Daily |
| ACWI · iShares Trust | 0.01% | 117,262 SH | Sept. 11, 2026 | Daily |
| CRBN · iShares Trust | 0.00% | 936 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 643,166 SH | Sept. 11, 2026 | Daily |
XP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
11 analysts · 2026-09-29Mean target $22.88 +6.4%
Latest News Recent headlines mentioning this company
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
No open signal right now — no card is filled, and that's honest.
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