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

15.12 0.34 +2.30%

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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

XP Inc. (XP) P/B ratio

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As of 5 November 2026, XP Inc. (XP) trades at a P/B ratio of 1.6×. Over the past ten years it has ranged from 0.0× (March 2020) to 18.5× (September 2020); the current reading is higher than 4% of that period. That is above the Capital Markets industry median of 1.4× and above the Financial sector median of 1.3×.

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<iframe src="https://stockrow.com/embed/XP/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="XP Inc. P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/XP/metrics/pb-ratio">XP Inc. (XP) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	2.0×	18.52%
FY2024	1.7×	(51.28%)
FY2023	3.5×	52.43%
FY2022	2.3×	(61.33%)
FY2021	6.0×	(41.98%)
FY2020	10.4×	—
FY2019	0.0×	—
FY2018	0.0×	—
FY2017	0.0×	—
FY2016	0.0×	—

Period	P/B ratio	Change
Jun 2026	1.7×	(19.20%)
Mar 2026	2.1×	2.73%
Dec 2025	2.0×	(10.01%)
Sep 2025	2.3×	(16.16%)
23 more quarters	Free account

Against its own ten years

Low 0.0× High 18.5×

Ten-year median 3.0×

Current reading's percentile 0

Company	P/B ratio
IREN IREN Limited compare	1.4×
XP XP Inc.	1.6×
VIRT Virtu Financial, Inc. compare	2.0×
SNEX StoneX Group Inc. compare	2.2×
RIOT Riot Platforms, Inc. compare	2.5×
FUTU Futu Holdings Limited Sponsored ADR compare	2.6×
HUT Hut 8 Corp. compare	3.0×
MKTX MarketAxess Holdings Inc. compare	4.7×
WULF TeraWulf Inc. compare	33.3×
Capital Markets industry median	1.4×
Financial sector median	1.3×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

XP Inc. (XP) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on XP

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on XP

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