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Friday 6 November 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.
- 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%
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XP Inc. (XP) Operating margin
XP Inc.'s operating margin over the twelve months to 30 June 2026 was 33.6%, down 0.9 percentage points from fiscal 2025 (34.5%). Over the past ten years it has ranged from 0.00% (fiscal 2018) to 35.3% (fiscal 2024); the current reading is higher than 90% of that period. That is above the Capital Markets industry median of 0.00% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 34.5% | (0.75) |
| FY2024 | 35.3% | 2.69 |
| FY2023 | 32.6% | 2.96 |
| FY2022 | 29.6% | (3.92) |
| FY2021 | 33.5% | 2.52 |
| FY2020 | 31.0% | (0.74) |
| FY2019 | 31.8% | 31.76 |
| FY2018 | 0.00% | 0.00 |
| FY2017 | 0.00% | 0.00 |
| FY2016 | 0.00% | — |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 34.5% | 1.57 |
| Mar 2026 | 32.9% | (1.21) |
| Dec 2025 | 34.1% | 1.28 |
| Sep 2025 | 32.9% | (2.17) |
| 23 more quarters | Free account |
Against its own ten years
Low 0.00%
High 35.3%
Ten-year median
31.4%
Current reading's percentile
65
Operating margin against peers
| Company | Operating margin |
|---|---|
| FUTU Futu Holdings Limited Sponsored ADR compare | 62.0% |
| VIRT Virtu Financial, Inc. compare | 49.3% |
| MKTX MarketAxess Holdings Inc. compare | 40.5% |
| XP XP Inc. | 33.6% |
| SNEX StoneX Group Inc. compare | 1.70% |
| IREN IREN Limited compare | −54.2% |
| RIOT Riot Platforms, Inc. compare | −210.5% |
| HUT Hut 8 Corp. compare | −227.0% |
| WULF TeraWulf Inc. compare | −250.4% |
| Capital Markets industry median | 0.00% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on XP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement