XP Inc. (XP) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 42.27B | 46.28B | 164.85B | 149.95B | 136.12B | 158.06B | 139.14B | 125.33B | 133.27B | 119.51B | 91.89B | 86.87B | 73.36B | 76.12B | 78.25B | 66.66B | 61.92B | 62.54B | 54.76B | 47.25B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 677.85 | 337.14 | 22.3 | 20.59 | 16.01 | 15.17 | 17.25 | 12.82 | 12.56 | 12.8 | 13.54 | 16.57 | 16.28 | 14.36 | 15.17 | 12.15 | 12.26 | 9.98 | 10.42 | 11.77 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | -1K | 49.28B | 37.82B | 32.43B | 46.59B | 43.21B | 43.97B | 51.47B | 32.19B | 12.3B | 15.79B | 11.83B | 7.6B | 8.05B | 4.81B | 6.06B | 8.89B | 7.87B | 8.17B |
| Total Non-Current Assets | 366.95B | 350.04B | 234.63B | 223.9B | 213.85B | 189.39B | 177.26B | 171.81B | 145.65B | 129.53B | 141.54B | 143.91B | 121.08B | 115.92B | 107.49B | 103.62B | 101.17B | 76.8B | 74.98B | 67.07B |
| Property, Plant & Equipment | 804.96M | 804.13M | 679.98M | 619.05M | 580M | 763.1M | 781.8M | 806.24M | 645.5M | 655.17M | 502.35M | 510.16M | 537.83M | 569.38M | 568.66M | 561.84M | 566.67M | 598.47M | 553.12M | 437.03M |
| Fixed Asset Turnover | 5.74x | 6.82x | 7.07x | 7.31x | 6.43x | 6.15x | 5.48x | 6.42x | 6.43x | 7.05x | 8.49x | 6.74x | 5.63x | 6.16x | 6.62x | 6.54x | 4.86x | 6.15x | 6.70x | 6.82x |
| Goodwill | 0 | 1.92B | 0 | 0 | 0 | 1.92B | 0 | 0 | 0 | 1.83B | 0 | 0 | 0 | 595.22M | 0 | 0 | 0 | 542.75M | 0 | 0 |
| Intangible Assets | 2.87B | 841.9M | 2.7B | 2.66B | 2.65B | 713.1M | 2.6B | 2.57B | 2.52B | 668.64M | 2.55B | 836.85M | 829.64M | 248.96M | 814.84M | 812.22M | 793.79M | 278.23M | 775.41M | 807.36M |
| Long-Term Investments | 329.92B | 318.9B | 197.96B | 184.12B | 172.57B | 157.65B | 145.7B | 144.08B | 121.45B | 113.98B | 110.44B | 110.65B | 98.27B | 102.57B | 84.26B | 78.05B | 73.27B | 62.89B | 56.95B | 49.45B |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 409.23B | 396.53B | 399.48B | 373.85B | 349.97B | 347.46B | 316.4B | 297.14B | 278.92B | 249.04B | 233.43B | 230.78B | 194.44B | 192.03B | 185.74B | 170.28B | 163.09B | 139.34B | 129.74B | 114.32B |
| Asset Turnover | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.03x | 0.03x | 0.02x |
| Asset Growth % | 16.93% | 14.12% | 26.26% | 25.82% | 25.47% | 39.52% | 35.55% | 28.75% | 43.45% | 29.69% | 25.67% | 35.53% | 19.22% | 37.82% | 43.17% | 48.95% | 33.96% | 45.1% | 46.76% | 92.02% |
| Total Current Liabilities | 86.38B | 81.94B | 200.84B | 189.44B | 172.91B | 196.14B | 149.87B | 137.78B | 128.82B | 124.1B | 116.95B | 97.26B | 79.93B | 105.4B | 99.57B | 88.17B | 80.12B | 75.25B | 51.18B | 45.7B |
| Accounts Payable | 0 | 0 | 734.02M | 719.88M | 871.32M | 763.47M | 805.64M | 623.21M | 954.01M | 948.22M | 603.79M | 625.64M | 585.66M | 617.39M | 561.05M | 475.57M | 462.72M | 867.53M | 928.89M | 1.19B |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 86.38B | 81.94B | 72.51B | 74.16B | 57.87B | 81.84B | 51.14B | 56.42B | 51.32B | 40.83B | 40.78B | 34.62B | 27.75B | 33.66B | 33.33B | 32.36B | 25.55B | 27.94B | 25.85B | 17.8B |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | -1.68B | 64.77B | 55.61B | 58.5B | 68.33B | 49.75B | 50.72B | 52.27B | 63.97B | 56.89B | 39.01B | 31.57B | 27.08B | 24.02B | 23.53B | 24.68B | 21.46B | 23.99B | 26.23B |
| Current Ratio | 0.49x | 0.56x | 0.82x | 0.79x | 0.79x | 0.81x | 0.93x | 0.91x | 1.03x | 0.96x | 0.79x | 0.89x | 0.92x | 0.72x | 0.79x | 0.76x | 0.77x | 0.83x | 1.07x | 1.03x |
| Quick Ratio | 0.49x | 0.56x | 0.82x | 0.79x | 0.79x | 0.81x | 0.93x | 0.91x | 1.03x | 0.96x | 0.79x | 0.89x | 0.92x | 0.72x | 0.79x | 0.76x | 0.77x | 0.83x | 1.07x | 1.03x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 298.43B | 290.79B | 174.96B | 162.14B | 156.01B | 131.27B | 145.17B | 139.39B | 129.68B | 105.49B | 96.45B | 115.07B | 97.46B | 69.59B | 68.7B | 65.81B | 67.43B | 49.67B | 65.12B | 56.03B |
| Long-Term Debt | 2.84B | 3.12B | 0 | 0 | 3.5B | 33.29B | 0 | 0 | 0 | 27.73B | 1.26B | 0 | 0 | 1.87B | 0 | 1.83B | 274.99M | 267.71M | 4.57B | 428.75M |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 384.81B | 372.98B | 375.81B | 351.58B | 328.92B | 327.41B | 295.04B | 277.18B | 258.5B | 229.59B | 213.4B | 212.33B | 177.39B | 174.99B | 168.27B | 153.98B | 147.55B | 124.92B | 116.3B | 101.73B |
| Total Debt | 89.5B | 85.3B | 72.51B | 74.16B | 61.38B | 115.13B | 51.14B | 56.42B | 51.32B | 68.56B | 42.04B | 34.62B | 27.75B | 35.52B | 33.33B | 34.19B | 25.82B | 28.21B | 30.42B | 18.22B |
| Net Debt | 80.81B | 74.94B | 60.09B | 62.07B | 53.15B | 109.52B | 46.51B | 50.81B | 47.38B | 64.62B | 38.22B | 31.71B | 24.66B | 31.97B | 30.73B | 30.95B | 22.6B | 25.72B | 27.6B | 16.99B |
| Debt / Equity | 3.66x | 3.62x | 3.06x | 3.33x | 2.92x | 5.74x | 2.39x | 2.83x | 2.51x | 3.52x | 2.10x | 1.88x | 1.63x | 2.08x | 1.91x | 2.10x | 1.66x | 1.96x | 2.27x | 1.45x |
| Debt / EBITDA | 59.93x | 48.82x | 48.36x | 49.19x | 41.06x | 69.58x | 35.24x | 32.61x | 37.26x | 52.44x | 30.01x | 29.92x | 28.00x | 35.94x | 28.24x | 31.85x | 28.96x | 22.42x | 29.12x | 17.75x |
| Net Debt / EBITDA | 54.12x | 42.90x | 40.08x | 41.17x | 35.56x | 66.19x | 32.05x | 29.37x | 34.40x | 49.42x | 27.28x | 27.40x | 24.89x | 32.35x | 26.04x | 28.83x | 25.34x | 20.45x | 26.41x | 16.55x |
| Interest Coverage | 14.06x | 12.79x | 10.37x | 8.50x | 8.13x | 7.64x | 7.11x | 7.79x | 7.00x | 6.96x | 9.55x | 7.35x | 6.01x | 5.93x | 8.71x | 12.26x | 18.80x | 20.61x | 19.49x | 51.19x |
| Total Equity | 24.42B | 23.55B | 23.67B | 22.27B | 21.05B | 20.05B | 21.36B | 19.96B | 20.42B | 19.45B | 20.02B | 18.45B | 17.05B | 17.04B | 17.47B | 16.3B | 15.54B | 14.42B | 13.43B | 12.59B |
| Equity Growth % | 16.04% | 17.46% | 10.82% | 11.56% | 3.04% | 3.07% | 6.66% | 8.2% | 19.82% | 14.13% | 14.63% | 13.22% | 9.68% | 18.19% | 30.06% | 29.42% | 34.52% | 32.32% | 54.9% | 54.59% |
| Book Value per Share | 46.49 | 45.27 | 44.25 | 41.56 | 39.01 | 37.10 | 39.12 | 36.20 | 37.25 | 35.14 | 36.17 | 34.71 | 31.75 | 30.24 | 30.47 | 29.09 | 27.75 | 25.77 | 23.49 | 22.00 |
| Total Shareholders' Equity | 24.41B | 23.55B | 23.66B | 22.26B | 21.04B | 20.04B | 21.35B | 19.96B | 20.42B | 19.45B | 20.01B | 18.44B | 17.04B | 17.04B | 17.46B | 16.29B | 15.54B | 14.42B | 13.43B | 12.59B |
| Common Stock | 27.66K | 28K | 26K | 26K | 26K | 26K | 26K | 26K | 26K | 26K | 25K | 24K | 24K | 24K | 24K | 24K | 24K | 23K | 23K | 23K |
| Retained Earnings | 1.29B | 0 | 3.87B | 2.55B | 1.24B | 0 | 3.33B | 2.15B | 1.03B | 0 | 1.28B | 1.77B | 795.02M | 0 | 2.8B | 1.77B | 854.1M | 0 | 2.6B | 1.66B |
| Treasury Stock | -318.63M | -125.1M | -271.36M | -137.79M | -719.95M | -222.18M | -117.12M | -1.37B | -127.45M | -117.12M | -117.12M | -117.12M | -2.9B | -1.99B | -681.05M | -418.27M | -171.94M | -171.94M | 0 | 0 |
| Accumulated OCI | 19.18B | 3.98B | 15.29B | 15.17B | 14.88B | 14.61B | 18.14B | 19.18B | 19.52B | 13.15B | 18.85B | 9.8B | 19.15B | 19.02B | 8.45B | 14.95B | 14.86B | 14.59B | 10.83B | 10.92B |
| Minority Interest | 8.31M | 1.01M | 4.69M | 6.54M | 4.24M | 3.68M | 4.61M | 4.35M | 3.56M | 1.49M | 9.26M | 9.04M | 7.21M | 6.47M | 3.02M | 3.41M | 2.57M | 2.79M | 3.46M | 3.34M |