XP (XP) Company Report

XP Inc. reported net income of R$1,330,105 thousand for the three months ended September 30, 2025, and R$3,887,588 thousand for the nine months ended September 30, 2025. Basic earnings per share were R$2.5086 for Q3 2025 and R$7.3137 for the nine months ended September 30, 2025.
As of September 30, 2025, total assets increased to R$399,477,121 thousand from R$347,456,760 thousand at December 31, 2024, and cash stood at R$12,412,802 thousand. Total equity was R$23,668,636 thousand.
On November 17, 2025, the Board of Directors approved a dividend distribution of US$0.18 per share, scheduled to be paid on December 18, 2025.
A new share buy-back program was approved on November 17, 2025, authorizing the repurchase of up to R$1.0 billion of Class A common shares, effective from November 18, 2025, until November 18, 2026, or earlier completion.
Contingent liabilities with a possible likelihood of loss amounted to approximately R$3,515,148 thousand as of September 30, 2025.

Nov 17, 2025, 10:13 PM

6-K

XP Inc. Reports Strong Q3 2025 Financial and Operational Results

Earnings

Share Buyback

Dividends

XP Inc. reported a record Net Income of R$1.3 billion in Q3 2025, marking a 12% increase year-over-year, with Diluted EPS of R$2.47, up 13% year-over-year.
Gross revenue reached R$4.9 billion in Q3 2025, reflecting a 9% increase year-over-year and 6% quarter-over-quarter.
Total Client Assets stood at R$1.4 trillion in Q3 2025, growing 12% year-over-year and 4% quarter-over-quarter.
The company executed share repurchases totaling R$842 million until October 2025, and announced a new R$1 billion share buyback program and R$500 million in dividends to be paid in 2025.
Active clients totaled 4.8 million in Q3 2025, an increase of 2% year-over-year and 1% quarter-over-quarter.

Nov 17, 2025, 10:03 PM

6-K

XP Reports Q3 2025 Financial Results and Announces Capital Return

Earnings

Share Buyback

Dividends

XP reported gross revenues of BRL 4.9 billion, a 9% year-over-year increase, and net income of BRL 1.3 billion, up 12% year over year for Q3 2025.
Diluted EPS grew 13% year over year to BRL 2.47 per share, driven by the company's share buyback program.
Client assets (AUM and AUA) reached BRL 1.9 trillion, a 16% year-over-year growth, while active clients increased 2% year over year to 4.8 million.
The company announced a new BRL 1 billion share buyback program and a BRL 500 million dividend payment for 2025, bringing the total capital return to shareholders in 2025 to BRL 2.4 billion.
Management stated that achieving the EBT margin guidance of 30-32% by the end of 2026 is still "doable," despite continued investments in sales force, marketing, and technology.

Nov 17, 2025, 10:00 PM

Transcript

XP Reports Strong Q3 2025 Financial Results and Announces Capital Return Plan

Earnings

Dividends

Share Buyback

XP reported Q3 2025 gross revenues of BRL 4.9 billion, a 9% year-over-year increase, with net income growing 12% year-over-year to BRL 1.3 billion and diluted EPS up 13% year-over-year to BRL 2.47 per share.
Client assets, AUM, and AUA collectively reached BRL 1.9 trillion, representing a 16% year-over-year growth, while retail net new money for the quarter was BRL 20 billion.
The company announced a new BRL 1 billion share buyback program for the next 12 months and a BRL 500 million dividend to be paid in 2025, contributing to BRL 2.4 billion in total capital return for 2025.
XP maintained a comfortable capital ratio of 21.2% and is focused on strategic investments in client experience, product diversification, and wholesale banking, with management expecting to be close to 10% top-line growth for 2025 and 17-20% growth for 2026.

Nov 17, 2025, 10:00 PM

Transcript

XP Reports Strong Q3 2025 Financial Results with Revenue and Net Income Growth

Earnings

Share Buyback

Dividends

XP reported gross revenues of BRL 4.9 billion, a 9% increase year over year, and net income of BRL 1.3 billion, up 12% year over year for Q3 2025.
Diluted EPS grew 13% year over year to BRL 2.47 per share, and the company achieved a 23% Return on Equity (ROE).
Client assets (AUM and AUA) reached BRL 1.9 trillion, marking a 16% growth year over year, with 4.8 million active clients.
XP announced a new BRL 1 billion share buyback program and a BRL 500 million dividend to be paid in 2025, bringing the total capital return to shareholders for the year to BRL 2.4 billion.
Corporate and industry services revenue reached a record BRL 729 million, representing 32% growth year over year, driven by strong capital markets activity.

Nov 17, 2025, 10:00 PM

Transcript

XP Inc. Announces Cash Dividend, Treasury Shares Retirement, and New Share Repurchase Program

Dividends

Share Buyback

XP Inc.'s board of directors approved a cash dividend of US$0.18 per Class A common share, payable on December 18, 2025, to shareholders of record as of December 10, 2025, with an expected total distribution of approximately R$500 million.
The company approved the retirement of 10,970,754 Class A common shares, which represents approximately 2.1% of its total shares, reducing the total share count from 530,859,761 to 519,889,007.
A new share repurchase program was authorized, allowing the company to repurchase up to R$1.0 billion of its outstanding Class A common shares over a period from November 18, 2025, until November 18, 2026.

Nov 17, 2025, 9:55 PM

6-K

XP Inc. Q1 2025: Record Earnings, Financial Statements & Share Buyback

Share Buyback

Accounting Changes

Earnings

Revenue Acceleration/Inflection

Record Earnings: XP Inc. reported Q1 2025 with a net income of BRL 1.2 billion, 7% YoY revenue growth, and strong EPS performance (R$2.29, 24% YoY) .
Share Buyback & Treasury Shares: The board approved a BRL 1 billion share buyback program (May 21, 2025 – December 31, 2026) to repurchase Class A shares, including cancellation of 12,053,924 treasury shares (2.2% of outstanding; share count reduced from 540,052,383 to 527,998,459) [doc 32] .
Interim Financial Statements: Q1 2025 Interim Consolidated Financial Statements were prepared in accordance with IAS 34 and reviewed by PwC [doc 0] [doc 2].
Corporate Reorganization: Initiatives including the inversion of financial institutions and the spin-off of XP Investimentos were executed with no material impact on the Group’s financial position [doc 1].
Enhanced Retail Performance: Growth was driven by expanding fixed income, credit cards, insurance, and consortium verticals, bolstered by 4.7 million active retail clients, R$1.3 trillion in total client assets, and R$24 billion in net inflow .

May 21, 2025, 12:00 AM

6-K Transcript 6-K 6-K 6-K

XP Inc. Announces May 2025 AGM Details

Proxy Vote Outcomes

XP Inc. filed a 6-K report on May 7, 2025 providing a formal update as a foreign private issuer, including key corporate contact details and authorized signatures.
The document announces the Annual General Meeting scheduled for May 30, 2025 to approve and ratify the 2024 audited consolidated financial statements and auditor’s report.
It also outlines proxy statement details, voting instructions, and submission deadlines for both registered and street shareholders.

May 7, 2025, 12:00 AM

6-K

XP Inc. Addresses Short Selling Misinformation

Legal Proceedings

XP Inc. issued a supplementary press release to address and refute the misleading short selling report released on March 12, 2025, reaffirming its commitment to transparency and accurate market information.
The company emphasized its robust business model—characterized by low leverage, strong efficiency, and a strategic market-making position—to highlight why the misinformation does not affect its solid financial fundamentals.
XP also stated its intent to use legal measures against parties spreading false information, underscoring its proactive stance in protecting investor interests and market integrity.

Mar 17, 2025, 12:00 AM

6-K

XP Inc. Addresses Short Seller Allegations

Legal Proceedings

XP Inc. refutes misleading and inaccurate allegations made by Grizzly Reports regarding its business model and profitability.
The company emphasizes its compliance with regulatory oversight and independent audits by top-tier institutions.
XP Inc. is evaluating legal measures against Grizzly Research to address the allegations and protect its reputation.

Mar 13, 2025, 12:00 AM

6-K