XP Inc.

XP Financial Capital Markets

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%
Market cap
$15.5B
P/E
15.1×
Fwd P/E
7.5×
Dividend yield
1.30%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Jun '26 Mar '26 Dec '25 Sep '25 Older periods
P/E ratio
8.42 10.40 9.41 11.32

+8 more quarters

P/S ratio
2.31 2.87 2.62 3.15
P/FCF ratio
3.55 2.92 4.17 2.98
P/Operating CF
(43.33) 11.09 (17.54) 4.35
P/B ratio
1.70 2.10 2.05 2.27
Price to Tangible BV
1.93 2.38 2.32 2.57
EV/Sales
1.97 2.41 2.07 2.52
EV/EBITDA
5.57 6.81 5.72 6.86
EV/Operating CF
2.88 2.37 3.16 2.33
EV/FCF
3.03 2.46 3.30 2.38
Quick Ratio
3.30 4.65 4.02 4.75
Current Ratio
4.80 6.66 5.36 6.12
Net Debt/EBITDA
(3.44) (5.12) (5.59) (6.72)
Debt/Assets
0.45% 0.12% 0.06% 0.39%
Debt/Equity
0.07 0.02 0.01 0.07
Asset Turnover
0.05 0.05 0.05 0.05
Operating CF/Net income
(0.70) 3.58 (2.05) 9.39
Capex/Depreciation
(1.21) (2.78) (1.96) (2.06)
Interest Coverage
14.39 14.96 12.62 10.79
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
36.70% 36.61% 36.21% 37.82%
Intangible Assets out of Total Assets
0.01 0.01 0.01 0.01
Share Based Compensation of Revenue
0.79% 2.80% (0.31%) 3.07%
Graham Net Nets
(8.75) (7.20) (7.40) (6.64)
Graham Number
20.39 19.31 17.70 17.57
Earnings Yield
11.87% 9.61% 10.63% 8.83%
Free Cash Flow Yield
28.21% 34.21% 23.97% 33.54%
Revenue per Share
1.87 1.71 1.73 1.63
Operating CF per Share
(0.38) 1.72 (0.93) 4.32
Capex per Share
(0.05) (0.08) (0.05) (0.06)
Free Cash Flow per Share
(0.42) 1.63 (0.98) 4.27
Cash per Share
3.07 3.22 3.52 4.33
Shareholders Equity per Share
9.57 9.05 8.00 8.26
Interest Debt per Share
0.00 0.00 0.00 0.00
Book value per Share
9.57 9.05 8.00 8.26
Free Cash Flow
(218.02) 846.46 (517.28) 2,243.85
Working Capital
2,212.46 2,421.35 2,364.23 2,804.59
Capital Expenditures
(25.31) (44.04) (25.25) (30.83)
Net Current Asset Value
(73,040.03) (71,133.34) (63,894.17) (65,646.04)
EV/EBIT
5.87 7.15 6.00 7.19
Capex to Sales
0.03 0.05 0.03 0.04
Price to Operating Income
6.87 8.51 7.59 9.01
Other line items
Average Receivables
314.81 286.13 276.18 294.18
Average Payables
143.45 158.87 143.32 140.01
Average Assets
73,366.97 69,208.39 67,718.36 65,195.44
Average Common Equity
4,422.40 4,144.03 3,967.08 4,098.18

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Columns are period end dates