Saturday 17 October 2026
Export XP’s income statement to Excel — free account
XP Inc.
XP Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.3 billion, up 4.36% from fiscal 2024. In the quarter to June 2026, revenue grew 22.0%, EPS grew 23.3%, free cash flow fell 127.1% and total debt fell 30.7%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
29.18
0.86
−2.86%
Follow XP
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 5 | 5 | 5 | 3 | 4 | — | — | — | — |
P/E ratio |
9.41 | 7.65 | 17.76 | 11.15 | 24.15 | 55.10 | 226.59 | 61.54 | 61.54 | 61.54 |
P/S ratio |
2.62 | 2.03 | 4.64 | 2.97 | 7.18 | 13.85 | 0.00 | 0.00 | 0.00 | 0.00 |
P/FCF ratio |
4.17 | 3.19 | 8.79 | 23.63 | 0.00 | 92.63 | 0.00 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
(17.54) | 8.61 | 17.07 | 26.07 | 74.88 | 153.27 | 0.00 | 0.00 | 0.00 | 0.00 |
P/B ratio |
2.05 | 1.73 | 3.54 | 2.33 | 6.01 | 10.36 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Tangible BV |
2.32 | 1.99 | 4.07 | 2.45 | 6.38 | 11.09 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
2.07 | 1.80 | 4.52 | 2.84 | 7.13 | 13.72 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/EBITDA |
5.72 | 4.89 | 13.19 | 9.12 | 20.11 | 41.84 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
3.16 | 2.74 | 8.27 | 21.03 | (21.43) | 74.01 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/FCF |
3.30 | 2.83 | 8.57 | 22.63 | (19.70) | 91.71 | 0.00 | 0.00 | 0.00 | 0.00 |
Quick Ratio |
4.02 | 2.75 | 1.83 | 2.21 | 1.27 | 1.32 | 0.74 | 0.00 | 0.00 | — |
Current Ratio |
5.36 | 4.50 | 3.50 | 4.38 | 2.91 | 2.03 | 0.82 | — | — | — |
Net Debt/EBITDA |
(1.52) | (0.63) | (0.34) | (0.41) | (0.13) | (0.42) | 0.79 | 0.00 | 0.00 | — |
Debt/Assets |
0.06% | 0.48% | 0.88% | 0.97% | 1.38% | 0.86% | 3.38% | 49.49% | 0.00% | — |
Debt/Equity |
0.01 | 0.08 | 0.11 | 0.11 | 0.13 | 0.08 | 0.21 | 4.21 | 1.83 | — |
Asset Turnover |
0.05 | 0.06 | 0.07 | 0.08 | 0.10 | 0.11 | 0.17 | 0.36 | 0.18 | 0.00 |
Operating CF/Net income |
2.33 | 2.48 | 2.08 | 0.50 | (1.12) | 0.73 | (3.53) | 1.09 | 0.94 | 1.89 |
Capex/Depreciation |
(1.61) | (1.21) | (0.78) | (0.62) | (1.52) | (2.03) | (1.78) | — | — | — |
Interest Coverage |
10.15 | 7.71 | 7.84 | 9.83 | 29.85 | 48.01 | 19.30 | — | — | — |
| 23.34% | 21.98% | 21.70% | 23.22% | 27.79% | 20.51% | 23.29% | 28.54% | 29.45% | 0.00% | |
| 1.37% | 1.46% | 1.79% | 2.20% | 2.99% | 2.71% | 3.50% | 5.51% | 3.87% | 0.00% | |
ROIC |
29.56% | 23.31% | 17.09% | 16.09% | 18.26% | 16.18% | 11.95% | 0.00% | 0.00% | — |
Return on Tangible Assets |
37.83% | 49.26% | 55.64% | 51.78% | 72.29% | 93.39% | (1,880.81%) | 484.62% | 928.57% | 0.00% |
Average Days of Receivables |
35.89 | 26.39 | 22.75 | 20.81 | 18.81 | 28.39 | 50.21 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
36.49% | 36.11% | 37.89% | 43.30% | 40.74% | 38.62% | 39.91% | 0.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.03 | 0.00 | — |
Share Based Compensation of Revenue |
2.13% | 2.45% | 2.46% | 4.38% | 4.65% | 2.86% | 0.10% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(7.40) | (9.13) | (3.20) | (4.20) | (1.36) | (0.72) | 0.00 | 0.00 | 0.00 | 0.00 |
Graham Number |
17.70 | 15.47 | 15.29 | 12.88 | 11.31 | 7.87 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
10.63% | 13.08% | 5.63% | 8.97% | 4.14% | 1.81% | 0.44% | 1.63% | 1.63% | 1.63% |
Free Cash Flow Yield |
23.97% | 31.36% | 11.38% | 4.23% | (5.04%) | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% |
Revenue per Share |
6.25 | 5.83 | 5.51 | 4.65 | 4.00 | 2.86 | 2.54 | 1.47 | 1.09 | 0.65 |
Operating CF per Share |
4.09 | 3.83 | 3.02 | 0.63 | (1.33) | 0.53 | (1.89) | 0.25 | 0.22 | 0.19 |
Capex per Share |
(0.17) | (0.11) | (0.07) | (0.04) | (0.12) | (0.10) | (0.08) | 0.00 | 0.00 | 0.00 |
Free Cash Flow per Share |
3.92 | 3.72 | 2.94 | 0.58 | (1.45) | 0.43 | (1.97) | 0.25 | 0.22 | 0.19 |
Cash per Share |
3.52 | 1.92 | 1.46 | 1.24 | 0.82 | 0.69 | 0.05 | 0.03 | 0.08 | 0.00 |
Shareholders Equity per Share |
8.00 | 6.86 | 7.22 | 5.94 | 4.78 | 3.83 | 3.55 | 0.97 | 0.63 | 0.00 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
8.00 | 6.86 | 7.22 | 5.94 | 4.78 | 3.83 | 3.55 | 0.97 | 0.63 | 0.00 |
Free Cash Flow |
2,069.55 | 2,013.21 | 1,588.59 | 324.82 | (810.38) | 236.52 | (1,007.38) | 137.74 | 121.87 | 102.10 |
Working Capital |
2,364.23 | 1,615.43 | 1,328.79 | 1,279.09 | 861.91 | 391.78 | (50.66) | — | — | — |
Capital Expenditures |
(87.68) | (59.37) | (39.30) | (24.60) | (65.41) | (56.56) | (40.91) | (37.38) | (15.97) | (9.08) |
Net Current Asset Value |
(63,894.17) | (58,624.27) | (44,126.46) | (32,239.05) | (21,833.90) | (15,742.95) | (9,011.37) | (4,033.00) | (1,804.00) | — |
EV/EBIT |
6.00 | 5.11 | 13.88 | 9.60 | 21.26 | 44.21 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.03 | 0.02 | 0.01 | 0.01 | 0.03 | 0.04 | 0.03 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
7.59 | 5.76 | 14.24 | 10.02 | 21.40 | 44.66 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.66 | 0.59 | 0.68 | 0.66 | 0.74 | 0.70 | 0.64 | 0.00 | 0.00 | — |
Cash ROIC |
33.84% | 39.74% | 30.99% | 7.47% | (23.22%) | 8.91% | (45.49%) | 4.89% | 11.92% | 0.00% |
Accounts Receivable Turnover |
11.93 | 15.26 | 17.88 | 19.68 | 18.78 | 10.48 | 8.61 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
276.18 | 206.94 | 166.50 | 131.38 | 119.16 | 150.86 | 150.86 | — | — | — |
Average Payables |
143.32 | 165.74 | 154.76 | 140.17 | 163.75 | 117.18 | 42.42 | 9.11 | 4.79 | 4.79 |
Average Assets |
67,718.36 | 57,150.67 | 43,539.98 | 31,508.45 | 22,224.72 | 14,841.84 | 7,813.51 | 2,286.50 | 3,362.00 | — |
Average Common Equity |
3,967.08 | 3,806.38 | 3,598.54 | 2,986.52 | 2,393.05 | 1,963.73 | 1,175.66 | 441.50 | 441.50 | — |
Columns are period end dates