Andrew Gerrity's questions to XP Inc (XP) leadership • Q3 2024
Question
Andrew Gerrity asked about the sustainability of the higher retail take rate, which expanded sequentially and appeared to be driven by strong performance in fixed income products.
Answer
CEO Thiago Maffra stated that the take rate is expected to be stable or slightly higher as retail revenue grows. CFO Victor Mansur added that while not factored into the 2026 guidance, a future market shift to higher ROA products could provide an upside, and a flat to slightly higher take rate is a reasonable near-term assumption.