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

XP Inc. (XP) Gross margin

Alert me on Gross margin

XP Inc.'s gross margin over the twelve months to 30 June 2026 was 100.0%, down 0.0 percentage points from fiscal 2025 (100.0%). Over the past ten years it has ranged from 0.00% (fiscal 2018) to 100.0% (fiscal 2025) — the current reading is the highest in ten years. That is above the Capital Markets industry median of 68.2% and above the Financial sector median of 70.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 100.0% 0.00
FY2024 100.0% 0.00
FY2023 100.0% 0.00
FY2022 100.0% 0.00
FY2021 100.0% 0.00
FY2020 100.0% 0.00
FY2019 100.0% 100.00
FY2018 0.00% 0.00
FY2017 0.00% 0.00
FY2016 0.00% —

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 100.0% 0.00
Mar 2026 100.0% 0.00
Dec 2025 100.0% 0.00
Sep 2025 100.0% 0.00
23 more quarters

Against its own ten years

Low 0.00% High 100.0%
Ten-year median 100.0%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
MKTX MarketAxess Holdings Inc. compare 100.0%
XP XP Inc. 100.0%
FUTU Futu Holdings Limited Sponsored ADR compare 87.4%
VIRT Virtu Financial, Inc. compare 81.8%
WULF TeraWulf Inc. compare 69.3%
IREN IREN Limited compare 68.9%
SNEX StoneX Group Inc. compare 3.03%
RIOT Riot Platforms, Inc. compare 0.00%
HUT Hut 8 Corp. compare 0.00%
Capital Markets industry median 68.2%
Financial sector median 70.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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