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Friday 6 November 2026 Export XP’s income statement to Excel — free account

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.

Revenue
+22.0%
EPS
+23.3%
Free cash flow
−127.1%
Total debt
−30.7%

Quarter to June 2026, against a year earlier

14.84 0.33 −2.18%
Market cap
$7.6B
P/E
7.7×
Fwd P/E
7.1×
Dividend yield
2.56%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

XP Inc. (XP) Debt to equity

Alert me on Debt to equity

XP Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.1×, up 0.1× from fiscal 2025 (0.0×). Over the past ten years it has ranged from 0.0× (fiscal 2025) to 4.2× (fiscal 2018) — the current reading is the lowest in ten years. That is above the Capital Markets industry median of 0.1× and below the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.0× (87.85%)
FY2024 0.1× (26.53%)
FY2023 0.1× 3.29%
FY2022 0.1× (18.16%)
FY2021 0.1× 76.05%
FY2020 0.1× (63.07%)
FY2019 0.2× (95.11%)
FY2018 4.2× 129.98%
FY2017 1.8× —

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.1× 287.05%
Mar 2026 0.0× 91.09%
Dec 2025 0.0× (84.83%)
Sep 2025 0.1× (50.63%)
23 more quarters

Against its own ten years

Low 0.0× High 4.2×
Ten-year median 0.1×
Current reading's percentile 11

Debt to equity against peers

Company Debt to equity
HUT Hut 8 Corp. compare 0.0×
XP XP Inc. 0.1×
MKTX MarketAxess Holdings Inc. compare 0.1×
RIOT Riot Platforms, Inc. compare 0.3×
FUTU Futu Holdings Limited Sponsored ADR compare 0.4×
VIRT Virtu Financial, Inc. compare 0.9×
SNEX StoneX Group Inc. compare 1.4×
IREN IREN Limited compare 1.8×
WULF TeraWulf Inc. compare 35.3×
Capital Markets industry median 0.1×
Financial sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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