XP Inc. (XP) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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XP Revenue Growth
Revenue Breakdown
XP's revenue distribution by segment and geography
By Geography
XP Revenue Analysis (2013–2024)
As of May 8, 2026, XP Inc. (XP) generated trailing twelve-month (TTM) revenue of $17.97 billion, reflecting modest growth of +3.8% year-over-year. The most recent quarter (Q3 2025) recorded $4.52 billion in revenue, up 3.1% sequentially.
Looking at the longer-term picture, XP's 5-year compound annual growth rate (CAGR) stands at +30.9%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $19.87 billion in 2024, representing a new all-time high.
When compared to Financial Services sector peers including MELI (+39.1% YoY), NU, and PAGS (+8.1% YoY), XP has underperformed the peer group in terms of revenue growth. Compare XP vs MELI →
XP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| XPCurrent | $18.0B | +3.8% | +30.9% | -19.7% | |
 MELI | $28.9B | +39.1% | +48.7% | 11.1% | |
 NU | $11.1B | - | - | 25.2% | |
 PAGS | $19.4B | +8.1% | +23.7% | 37.5% | |
 STNE | $3.3B | -10.9% | +0.9% | -90.2% | |
 SCHW | $26.0B | - | - | 29.6% |
XP Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $19.87B | - | $1.89B | 9.5% | $-3,915,779,000 | -19.7% |
| 2023 | $14.82B | - | $1.62B | 10.9% | $-3,864,996,000 | -26.1% |
| 2022 | $14.18B | - | $1.10B | 7.8% | $-3,563,246,000 | -25.1% |
| 2021 | $12.97B | - | $2.06B | 15.9% | $-1,925,258,000 | -14.8% |
| 2020 | $8.60B | - | $1.52B | 17.7% | $-615,314,000 | -7.2% |
| 2019 | $5.17B | - | $1.18B | 22.8% | $75.0M | 1.5% |
| 2018 | $3.16B | - | $899.8M | 28.5% | $-179,802,000 | -5.7% |
| 2017 | $2.00B | - | $569.2M | 28.5% | $15.1M | 0.8% |
| 2016 | $1.18B | - | $313.8M | 26.7% | $-186,659,000 | -15.9% |
| 2015 | $661.1M | - | $661.1M | 100.0% | $185.1M | 28.0% |
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Start ComparisonXP — Frequently Asked Questions
Quick answers to the most common questions about buying XP stock.
Is XP's revenue growth accelerating or slowing?
XP revenue growth slowed to +3.8%, below the 5-year CAGR of +30.9%. TTM revenue is $18.0B. The deceleration marks a shift from historical growth rates.
What is XP's long-term revenue growth rate?
XP Inc.'s 5-year revenue CAGR of +30.9% reflects the variable expansion pattern. Current YoY growth of +3.8% is near this long-term average.
How is XP's revenue distributed by segment?
XP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.