XP on Nasdaq

XP Inc.

Brazilian financial services company

XP Inc. is a Brazilian investment management company. The company offers fixed income, equities, investment funds, and private pension products, as well as offers wealth management and other financial services. XP serves customers in Brazil and has offices in São Paulo, Rio de Janeiro, New York, Miami, London and Geneva.3 It is headquartered in George Town, Cayman Islands.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 20, 2026.

Overview

7.4BRevenue, fiscal 20244
4.5BNet income, fiscal 20244

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  • TickerXP on Nasdaq1
  • Industryfinancial services1
  • HeadquartersGeorge Town, Cayman Islands1
  • Websitewww.xpinc.com
  • Listed onNasdaq (XP), São Paulo Stock Exchange (XPBR31)1
  • Incorporated inCayman Islands5
  • Business address20, Genesis Close, Grand Cayman, George Town, E9 Ky-1-12085
  • Filer categoryLarge accelerated filer5

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XP Inc. is a Brazilian investment management company. The company offers fixed income, equities, investment funds, and private pension products, as well as offers wealth management and other financial services. XP serves customers in Brazil and has offices in São Paulo, Rio de Janeiro, New York, Miami, London and Geneva.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in BRL, the currency the company reports in.

Key numbers, fiscal 2024

60.8%Net margin4
13.7%Revenue growth, 20244
22.5%Return on equity4
11.0B BRLFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs33¢2.4B BRL
  • Income tax6¢471.1M BRL
  • Profit61¢4.5B BRL

Out of 7.4B BRL in revenue.4

Where each dollar of operating cash went, fiscal 2024

  • Capital spending1¢144.8M BRL
  • Dividends paid18¢2.0B BRL
  • Kept or used elsewhere80¢9.0B BRL

Out of 11.2B BRL of cash from operations.4

Financial statements

Revenue789101147.4B BRL in 2024+478% since 2017
02.0B BRL4.0B BRL6.0B BRL8.0B BRL2017: 1.3B BRL1.3B BRL20172018: 2.1B BRL2.1B BRL2018+60%2019: 3.6B BRL3.6B BRL2019+75%2020: 5.0B BRL5.0B BRL2020+40%2021: 6.2B BRL6.2B BRL2021+24%2022: 5.9B BRL5.9B BRL2022−4%2023: 6.5B BRL6.5B BRL2023+10%2024: 7.4B BRL7.4B BRL2024+14%
Net income789101144.5B BRL in 2024+966% since 2017
02.0B BRL4.0B BRL6.0B BRL2017: 423.5M BRL423.5M BRL20172018: 465.3M BRL465.3M BRL2018+10%2019: 1.1B BRL1.1B BRL2019+134%2020: 2.1B BRL2.1B BRL2020+91%2021: 3.6B BRL3.6B BRL2021+73%2022: 3.6B BRL3.6B BRL2022−0%2023: 3.9B BRL3.9B BRL2023+9%2024: 4.5B BRL4.5B BRL2024+16%
Fiscal year20172018201920202021202220232024
Revenue1.3B BRL72.1B BRL83.6B BRL95.0B BRL106.2B BRL115.9B BRL46.5B BRL47.4B BRL4
Income before tax3.8B BRL113.4B BRL43.9B BRL45.0B BRL4
Income tax222.7M BRL11-135.6M BRL437.0M BRL4471.1M BRL4
Net income423.5M BRL7465.3M BRL81.1B BRL92.1B BRL103.6B BRL113.6B BRL43.9B BRL44.5B BRL4
Earnings per share$8,535.007$9,358.007$21,125.007
Earnings per share (diluted)$8,535.007$9,358.007$21,115.007
Shares (weighted, basic)559.0M shares11555.4M shares4539.8M shares4541.7M shares4
Shares (weighted, diluted)573.5M shares11573.0M shares4544.2M shares4548.3M shares4

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Corporate structure

XP Inc. sits at the top of its group. 5 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of XP Inc.

  • ARGA Investment Management, LP Filed SCHEDULE 13G on XP Inc., latest Aug 13, 2026
  • BlackRock Filed SCHEDULE 13G/A on XP Inc., latest Jul 30, 2026 (4 filings since Oct 22, 2024)
  • XP Control LLC Filed SCHEDULE 13D/A on XP Inc., latest Jul 7, 2026 (7 filings since Dec 27, 2021)
  • Capital World Investors Filed SCHEDULE 13G/A on XP Inc., latest May 14, 2026 (5 filings since Feb 13, 2023)
  • GENERAL ATLANTIC, L.P. Filed SCHEDULE 13D/A on XP Inc., latest Dec 4, 2025 (5 filings since Feb 11, 2022)
  • &. Cox Dodge Filed SCHEDULE 13G/A on XP Inc., latest Aug 13, 2025 (5 filings since Feb 14, 2023)
  • Mawer Investment Management Ltd. Filed SCHEDULE 13G/A on XP Inc., latest Aug 7, 2025 (4 filings since Nov 8, 2024)
  • FMR LLC Filed SC 13G/A on XP Inc., latest Nov 12, 2024 (2 filings since Feb 9, 2024)
  • S.a. Itausa Filed SC 13D/A on XP Inc., latest Jul 21, 2023 (9 filings since Oct 13, 2021)
  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on XP Inc., latest Feb 14, 2022
  • Capital Research Global Investors Filed SC 13G/A on XP Inc., latest Feb 11, 2022
  • XP Inc. George Town, Cayman Islands
    • XP Investimentos Subsidiary · Rio de Janeiro
    • XP Educação Subsidiary
    • XP Investments UK LLP Subsidiary · London, United Kingdom
    • XP Investments US, LLC Subsidiary · United States

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What XP Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net450.0M BRL4 Dec 31, 2024373.4M BRL4 Dec 31, 2023+20.5%
Operating-lease assets (leased space)313.1M BRL4 Dec 31, 2024281.8M BRL4 Dec 31, 2023+11.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents12.9B BRL4 Dec 31, 20249.2B BRL4 Dec 31, 2023+40.2%

The story

In 2001, Guilherme Benchimol and Marcelo Maisonnave created XP Investimentos CCTVM S.A., in Porto Alegre, as a company of independent investment agents.

In 2005, XP Resource Management, a resource management company, was created. With the incorporation of Americainvest CCTVM Ltda. In 2007, XP Investimentos became a broker. Currently, the company has more than 3 million active customers and more than $130 billion in custody. It operates in several countries, mainly in Brazil and the United States. It has over 8,000 investment advisors spread across 800 offices.

In 2011, XP announced the acquisition of Interfloat and Senso Corretora. In addition, in October 2011, the company also formalized the purchase of Infomoney.

In 2012, XP announced the joining of forces with Prime Corretora.

In July 2014, it announced the purchase of Clear Corretora for $90 million.

In December 2016, XP Investimentos announced that it had acquired the Rico Corretora de Valores.

In November 2022, Aston Martin F1 Team announced a partnership with XP as the team's official global financial services partner at the 2022 São Paulo Grand Prix.

In 2026, XP reported total client assets of R$1.529 trillion, 4.790 million active clients and 18.3 thousand advisors connected to its platform.

From Wikipedia’s article on XP Inc., shared under CC BY-SA 4.0.6

Leadership

Who has led XP Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Neto Jose De Menezes Berenguer2026–now
  2. Thiago Simoes Maffra2026–now

Chief financial officer

  1. Victor Andreu Mansur Farinassi2026
  2. Gustavo Alejo Viviani2026–now
Board members and other officers (11)

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. Mar 18, 2026New chief executive Thiago Simoes Maffra becomes CEO13
  2. Mar 18, 2026New chief executive Neto Jose De Menezes Berenguer becomes CEO12

Calendar

Coming up

  1. Nov 16, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.45 a share, on Nov 17, 2025.27

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

187 filings to the SEC since October 2021: 5 annual reports, 18 insider forms, 50 large holders, 114 other. The latest 20:

  1. Sep 17, 20264 EDGAR
  2. Sep 17, 2026144 EDGAR
  3. Sep 10, 2026424B7 EDGAR
  4. Aug 17, 20266-K EDGAR
  5. Aug 17, 20266-K EDGAR
  6. Aug 17, 20266-K EDGAR
  7. Aug 13, 2026SCHEDULE 13G EDGAR
  8. Aug 7, 20263 EDGAR
  9. Aug 7, 20263 EDGAR
  10. Jul 30, 2026SCHEDULE 13G/A EDGAR
  11. Jul 7, 2026SCHEDULE 13D/A EDGAR
  12. Jul 2, 2026424B7 EDGAR
  13. May 29, 20266-K EDGAR
  14. May 26, 20266-K EDGAR
  15. May 18, 20266-K EDGAR
  16. May 18, 20266-K EDGAR
  17. May 18, 20266-K EDGAR
  18. May 18, 20266-K EDGAR
  19. May 14, 2026SCHEDULE 13G/A EDGAR
  20. May 6, 20266-K EDGAR

The 187 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2026Dos Santos Bruno Constantino AlexandreDirectorSale123,257$19.58$2.4MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How XP Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARXP Inc.2
  • CIK0001787425
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company39
  • Incorporated inCayman Islands39
  • Fiscal year endsDecember 312
  • Industry code (SIC)6211 Security Brokers, Dealers & Flotation Companies2
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance2
  • Business address20, Genesis Close, Grand Cayman, George Town, E9 KY-1-12082
  • Phone55-11-3075-04292
  • Shares outstanding415,368,323 Class A Common Share shares; 103,375,726 Class B Common Shares shares as of Dec 31, 202539
  • AuditorPricewaterhouseCoopers Auditores Independentes Ltda., São Paulo, Brazil PCAOB ID 1351; it also attests to the company’s internal control over financial reporting39
  • On EDGAR sinceSep 13, 20192
  • Filings301 in all: 6-K (142), 3 (17), SC 13G/A (15), SC 13D/A (14), SC 13G (13), 144 (10), SCHEDULE 13G/A (10), CORRESP (9)2
    All 35 form types

    20-F (7), UPLOAD (7), DRSLTR (5), 424B1 (4), EFFECT (4), F-4/A (4), SC 13D (4), 4 (3), DRS (3), F-1 (3), F-1/A (3), SCHEDULE 13D/A (3), 4/A (2), 424B7 (2), 425 (2), DRS/A (2), F-4 (2), FWP (2), 20-F/A (1), 3/A (1), 8-A12B (1), CERT (1), F-1MEF (1), F-3ASR (1), RW (1), S-8 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (20-F) Apr 29, 2026

Securities registered for trading

ClassSymbolExchange
Class A common shares, par value US$0.00001 per shareXPThe NASDAQ Global Select Market

From the cover page of the 20-F filed Apr 29, 2026 (Section 12(b) of the Exchange Act).39

Sources

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