XP Inc. (XP) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 3.04B | 3.41B | 3.08B | 2.96B | 2.91B | 3.27B | 2.91B | 3.2B | 2.8B | 2.76B | 3B | 2.37B | 2.03B | 2.32B | 2.66B | 2.54B | 1.94B | 2.57B | 2.29B | 2.04B |
| Gross Margin % | 65.79% | 67.41% | 67.12% | 67.52% | 67.37% | 68.91% | 66.79% | 68.54% | 66.93% | 67.61% | 69.69% | 67.07% | 64.96% | 66.27% | 70.99% | 68.95% | 68.6% | 72.49% | 68.96% | 69.31% |
| Gross Profit Growth % | 4.36% | 4.21% | 5.98% | -7.42% | 3.95% | 18.65% | -2.91% | 34.86% | 38.16% | 18.74% | 12.7% | -6.81% | 4.38% | -9.48% | 16.24% | 24.38% | 11.1% | 68% | 43.84% | 55.82% |
| Operating Expenses | 1.63B | 1.74B | 1.66B | 1.52B | 1.49B | 1.68B | 1.53B | 1.54B | 1.49B | 1.53B | 1.67B | 1.26B | 1.08B | 1.38B | 1.52B | 1.53B | 1.1B | 1.36B | 1.3B | 1.07B |
| OpEx % of Revenue | 35.21% | 34.46% | 36.08% | 34.8% | 34.45% | 35.42% | 35.08% | 32.95% | 35.66% | 37.59% | 38.81% | 35.73% | 34.7% | 39.42% | 40.66% | 41.45% | 39.03% | 38.46% | 39.06% | 36.38% |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 1.41B | 1.67B | 1.43B | 1.43B | 1.42B | 1.59B | 1.38B | 1.66B | 1.31B | 1.23B | 1.33B | 1.11B | 943.82M | 941.93M | 1.14B | 1.01B | 836.87M | 1.21B | 991.52M | 971.17M |
| Operating Margin % | 30.58% | 32.95% | 31.03% | 32.72% | 32.92% | 33.49% | 31.71% | 35.6% | 31.27% | 30.02% | 30.88% | 31.35% | 30.26% | 26.86% | 30.33% | 27.49% | 29.58% | 34.03% | 29.9% | 32.93% |
| Operating Income Growth % | -0.73% | 4.82% | 3.23% | -13.62% | 8.71% | 29.86% | 4.03% | 49.86% | 38.57% | 30.11% | 16.87% | 9.23% | 12.78% | -21.86% | 14.54% | 4.41% | 0.93% | 89.07% | 33.26% | 49.34% |
| EBITDA | 1.49B | 1.75B | 1.5B | 1.51B | 1.49B | 1.65B | 1.45B | 1.73B | 1.38B | 1.31B | 1.4B | 1.16B | 990.84M | 988.34M | 1.18B | 1.07B | 891.74M | 1.26B | 1.04B | 1.03B |
| EBITDA Margin % | 32.35% | 34.51% | 32.65% | 34.41% | 34.61% | 34.82% | 33.33% | 37.11% | 32.93% | 32.02% | 32.58% | 32.75% | 31.77% | 28.18% | 31.52% | 29.11% | 31.51% | 35.51% | 31.51% | 34.8% |
| EBITDA Growth % | -0.1% | 5.59% | 3.32% | -12.86% | 8.53% | 26.56% | 3.61% | 49.54% | 39% | 32.28% | 18.68% | 7.77% | 11.11% | -21.44% | 12.95% | 4.58% | -1.08% | 86.78% | 33.6% | 49.17% |
| D&A (Non-Cash Add-back) | 81.81M | 78.92M | 74.12M | 74M | 72.99M | 63.03M | 70.54M | 70.5M | 69.48M | 81.79M | 73.45M | 49.53M | 47.02M | 46.41M | 44.56M | 59.63M | 54.87M | 52.58M | 53.42M | 55.44M |
| EBIT | 1.42B | 1.69B | 1.44B | 1.44B | 1.42B | 1.59B | 1.38B | 1.7B | 1.3B | 1.15B | 1.33B | 1.09B | 962.06M | 903.09M | 1.13B | 1.01B | 815.01M | 1.18B | 993.19M | 969.57M |
| Net Interest Income | 2.59B | 2.41B | 2.38B | 2.4B | 2.48B | 2.47B | 2.14B | 2.22B | 2.29B | 1.98B | 2.24B | 1.86B | 1.6B | 1.49B | 1.97B | 1.93B | 1.63B | 1.66B | 1.59B | 1.32B |
| Interest Income | 2.69B | 2.54B | 2.52B | 2.57B | 2.65B | 2.68B | 2.33B | 2.43B | 2.48B | 2.15B | 2.38B | 2.01B | 1.76B | 1.64B | 2.11B | 2.01B | 1.67B | 1.71B | 1.64B | 1.34B |
| Interest Expense | 100.98M | 132.37M | 139.01M | 169.94M | 174.47M | 207.62M | 194.46M | 218.37M | 185.11M | 165.51M | 139.48M | 148.52M | 160.01M | 152.22M | 130.18M | 82.48M | 43.35M | 57.36M | 50.97M | 18.94M |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 1.32B | 1.56B | 1.3B | 1.27B | 1.24B | 1.38B | 1.19B | 1.48B | 1.11B | 986.78M | 1.19B | 942.89M | 802.04M | 750.87M | 1B | 928.35M | 771.66M | 1.12B | 942.22M | 950.63M |
| Pretax Margin % | 28.56% | 30.83% | 28.37% | 29.07% | 28.79% | 29% | 27.28% | 31.82% | 26.57% | 24.17% | 27.75% | 26.69% | 25.71% | 21.41% | 26.8% | 25.17% | 27.27% | 31.76% | 28.41% | 32.23% |
| Income Tax | 25.26M | 259.51M | 484.64K | -3.4M | 26.25M | 127.12M | 25.35M | 284.88M | 60.12M | -44.51M | 72.97M | -8.92M | 19.85M | -45.23M | -48.96M | -48.53M | 1.97M | 130.45M | -29.52M | 67.47M |
| Effective Tax Rate % | 1.92% | 16.63% | 0.04% | -0.27% | 2.11% | 9.22% | 2.13% | 19.2% | 5.41% | -4.51% | 6.12% | -0.95% | 2.48% | -6.02% | -4.88% | -5.23% | 0.26% | 11.6% | -3.13% | 7.1% |
| Net Income | 1.29B | 1.32B | 1.29B | 1.27B | 1.22B | 1.25B | 1.16B | 1.2B | 1.05B | 1.03B | 1.12B | 950.36M | 781.28M | 796.55M | 1.05B | 975.46M | 769.55M | 993.31M | 970.99M | 882.56M |
| Net Margin % | 27.85% | 25.98% | 28.13% | 29.09% | 28.17% | 26.31% | 26.68% | 25.69% | 25.14% | 25.31% | 26.05% | 26.9% | 25.05% | 22.71% | 28.1% | 26.45% | 27.2% | 28.04% | 29.28% | 29.92% |
| Net Income Growth % | 5.64% | 5.19% | 11.2% | 6.42% | 15.7% | 21% | 3.78% | 26.03% | 34.58% | 29.74% | 6.4% | -2.57% | 1.52% | -19.81% | 8.37% | 10.53% | 0.86% | 71.68% | 71.61% | 64.37% |
| Net Income (Continuing) | 1.29B | 1.3B | 1.3B | 1.28B | 1.22B | 1.25B | 1.16B | 1.2B | 1.05B | 1.03B | 1.12B | 951.81M | 782.19M | 796.1M | 1.05B | 976.88M | 769.68M | 994.52M | 971.75M | 883.16M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 |
| EPS (Diluted) | 2.42 | 2.49 | 2.47 | 2.46 | 2.29 | 2.18 | 2.17 | 2.03 | 1.88 | 1.88 | 1.96 | 1.83 | 1.48 | 1.39 | 1.80 | 1.63 | 1.53 | 1.77 | 1.64 | 1.63 |
| EPS Growth % | 5.68% | 14.22% | 13.82% | 21.18% | 21.81% | 15.96% | 10.71% | 10.93% | 27.03% | 35.25% | 8.89% | 12.27% | -3.27% | -21.47% | 9.76% | 0% | 19.53% | 68.57% | 69.07% | 68.04% |
| EPS (Basic) | 2.48 | 2.49 | 2.51 | 2.50 | 2.31 | 2.18 | 2.17 | 2.03 | 1.88 | 1.90 | 1.99 | 1.85 | 1.48 | 1.43 | 1.85 | 1.63 | 1.53 | 1.77 | 1.67 | 1.66 |
| Diluted Shares Outstanding | 525.35M | 520.17M | 534.93M | 535.82M | 539.53M | 540.4M | 545.94M | 551.49M | 548.36M | 553.57M | 553.6M | 531.57M | 536.95M | 563.49M | 573.37M | 560.12M | 559.99M | 559.55M | 571.83M | 572.27M |
| Basic Shares Outstanding | 518.55M | 520.17M | 526.03M | 527.88M | 539.53M | 540.38M | 545.93M | 551.48M | 548.36M | 547.77M | 546.56M | 528.21M | 536.1M | 546.91M | 555.71M | 558.97M | 558.87M | 558.86M | 559.06M | 559.06M |
| Dividend Payout Ratio | - | 37.59% | - | - | - | 162.91% | - | - | - | 190.11% | 140.91% | - | - | - | - | - | - | - | - | - |