GuruFocus·6 days ago
A Look at XP Inc (XP) After 4.5% Gain -- GF Value $33.21 vs Price $15.99On June 22, 2026, XP Inc (XP) shares rose 4.5% today, with the current price at $15.99. The stock has traded within a 52-week range of $14.80 to $23.13.
XP Inc.(XP)Earnings, Financials & Key Ratios
XP•NASDAQ•Banking & Credit
$15.78
8.4× P/E·Price updated Jun 25, 2026
AboutXP Inc. provides financial products and services in Brazil. It offers securities brokerage, private pension plans, commercial, and investment banking products, such as loan operations and transactions in the foreign exchange markets and deposits; product structuring and capital markets services for corporate clients and issuers of fixed income products; advisory services for mass-affluent and institutional clients; and wealth management services for high-net-worth customers and institutional clients. The company also offers Xpeed, an online financial education portal that offers seminars, classes, and learning tools to help teach individuals on topics, such as basics of investing, techniques, and investment strategies, as well as insurance brokerage services. In addition, it operates XP Platform, an open product platform that provides clients to access investment products in the market, including equity and fixed income securities, mutual and hedge funds, private equity, structured products, credit cards, loan operations, life insurance, pension plans, real-estate investment funds, and others. The company was founded in 2001 and is based in São Paulo, Brazil.Show more
- Net Interest Income$9.61B-5.3%
- Total Revenue$18.24B-8.2%
- Net Income$5.07B-2.1%
- Return on Equity23.25%-11.3%
- Net Interest Margin2.42%-17.1%
- Efficiency Ratio34.94%+1.2%
- ROA1.36%-21.5%
- Equity / Assets5.94%+2.9%
- Book Value per Share44.27+21.1%
XP Price & Volume
XP Inc. (XP) stock price & volume — 10-year historical chart
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Cyclical Revenue Volatility Masks Structural Margin Resilience
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strong
Financial:Mixed
Cash Flow:Mixed
Primary Risk:Banking Pivot Credit Exposure
Key Thesis Takeaways
- XP Inc.
- demonstrates a robust ability to maintain operating margins above 30% despite significant cyclical revenue fluctuations between $4.1 billion and $5.1 billion over the last ten quarters.
- While the company's pivot toward a more capital-intensive banking model has driven total assets to $409.2 billion, investors should monitor the tightening current ratio of 0.49 which suggests potential liquidity constraints.
- The long-term outlook remains contingent on managing credit exposure risks and stabilizing erratic free cash flow, which has oscillated between negative $3.4 billion and positive $12.1 billion.
Verdict Logic
while the forward P/E of 1.56 appears attractive, the extreme volatility in free cash flow and the compression of the current ratio to 0.49 warrant a cautious approach until liquidity stabilizes.
XP Growth Metrics
XP Inc. (XP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years39.34%
5 Years16.24%
3 Years8.75%
TTM-
Profit CAGR
10 Years52.24%
5 Years19.35%
3 Years10.98%
TTM7.06%
EPS CAGR
10 Years41.13%
5 Years21.24%
3 Years15.86%
TTM13.49%
Return on Capital
10 Years9.53%
5 Years5.06%
3 Years3.87%
Last Year2.54%
XP Recent Earnings
XP Inc. (XP) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (50%)●Beat Revenue 4/12 qtrs (40%)
Q2 2026Latest
May 18, 2026Metric
Actual
Est
EPS
$0.47-3.6%
$0.49
Rev
$910M-1.7%
$926M
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$0.46+2.2%
$0.45
Rev
$902M+4.1%
$866M
Q4 2025
Nov 17, 2025Metric
Actual
Est
EPS
$0.45-1.5%
$0.46
Rev
$847M-3.3%
$876M
Q3 2025
Aug 18, 2025Metric
Actual
Est
EPS
$0.43+0.0%
$0.43
Rev
$807M-3.0%
$832M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 18, 2026 | $0.47vs $0.49-3.6% | $910Mvs $926M-1.7% |
| Q1 2026 | Feb 12, 2026 | $0.46vs $0.45+2.2% | $902Mvs $866M+4.1% |
| Q4 2025 | Nov 17, 2025 | $0.45vs $0.46-1.5% | $847Mvs $876M-3.3% |
| Q3 2025 | Aug 18, 2025 | $0.43vs $0.43+0.0% | $807Mvs $832M-3.0% |
Based on last 12 quarters of dataView full earnings history →
Latest XP News
Recent stock market news and headlines for XP Inc. (XP)
Peers Comparison
Key metrics vs top competitors for XP Inc. (XP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $15.78 | $8.26B | 8.45 | -8.21% | 27.79% | 23.25% | 1.13% | |
| $1619.25 | $82.09B | 41.11 | 39.06% | 6.04% | 29.58% | — | |
| $12.46 | $60.35B | 21.48 | 42.99% | 18.15% | 28.91% | — | |
| $8.74 | $2.53B | 6.53 | 5.57% | 10.79% | 14.62% | — | |
| $10.79 | $2.62B | 6.74 | 11.11% | 30.94% | 29.03% | — | |
| $89.44 | $156.7B | 19.19 | 6.45% | 33.26% | 25.42% | — |
Compare XP vs Peers
XP Inc. (XP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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XP Frequently Asked Questions
XP Inc. (XP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is XP Inc. growing?
XP Inc. (XP) saw revenue decline by 8.2% over the past year.
Is XP profitable?
Yes, XP Inc. (XP) is profitable, generating $5.17B in net income for fiscal year 2025 (27.8% net margin).
Dividend & Returns
Does XP pay dividends?
Yes, XP Inc. (XP) pays a dividend with a yield of 1.13%. This makes it attractive for income-focused investors.
What is XP's return on equity?
XP Inc. (XP) has a return on equity (ROE) of 23.3%. This is excellent, indicating efficient use of shareholder capital.
Industry Metrics
What is XP Inc.'s net interest margin?
XP Inc. (XP) has a net interest margin (NIM) of 2.4%. NIM has been under pressure due to interest rate environment.
What is XP Inc.'s efficiency ratio?
XP Inc. (XP) has an efficiency ratio of 34.9%. This is excellent, indicating strong cost control.