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XP Inc.

XP Clue Score63
Cayman Islands Fiscal year ends December CIK 0001787425
$32.22 +6.65% Close, 9 Oct 2026
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Price $32.22 −12.99% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Dec 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2017Revenue1.28Net income0.41EPS, diluted0.85Fiscal year 2018Revenue2.05 +60.1%Net income0.46 +11.5%EPS, diluted0.94 +9.6%Fiscal year 2019Revenue3.60 +75.0%Net income1.08 +134.2%EPS, diluted2.11 +125.6%Fiscal year 2020Revenue5.02 +39.5%Net income2.08 +92.2%EPS, diluted3.71 +75.9%Fiscal year 2021Revenue6.20 +23.5%Net income3.59 +72.9%EPS, diluted6.26 +68.5%Fiscal year 2022Revenue5.94 −4.1%Net income3.58 −0.3%EPS, diluted6.25 −0.2%Fiscal year 2023Revenue6.53 +10.0%Net income3.90 +8.9%EPS, diluted7.16 +14.7%Fiscal year 2024Revenue7.42 +13.7%Net income4.51 +15.8%EPS, diluted8.23 +14.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue 1.28 2.05 3.60 5.02 6.20 5.94 6.53 7.42
Growth +60.1% +75.0% +39.5% +23.5% −4.1% +10.0% +13.7%
Net income 0.41 0.46 1.08 2.08 3.59 3.58 3.90 4.51
Growth +11.5% +134.2% +92.2% +72.9% −0.3% +8.9% +15.8%
EPS, diluted 0.85 0.94 2.11 3.71 6.26 6.25 7.16 8.23
Growth +9.6% +125.6% +75.9% +68.5% −0.2% +14.7% +14.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2017Net margin32.2%Free cash flow margin18.1%Fiscal year 2018Net margin22.5%Free cash flow margin−26.3%Fiscal year 2019Net margin30.0%Free cash flow margin−108.1%Fiscal year 2020Net margin41.4%Free cash flow margin27.2%Fiscal year 2021Net margin57.9%Free cash flow margin−67.1%Fiscal year 2022Net margin60.2%Free cash flow margin29.6%Fiscal year 2023Net margin59.7%Free cash flow margin123.4%Fiscal year 2024Net margin60.8%Free cash flow margin148.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Net margin 32.2% 22.5% 30.0% 41.4% 57.9% 60.2% 59.7% 60.8%
Free cash flow margin 18.1% −26.3% −108.1% 27.2% −67.1% 29.6% 123.4% 148.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow0.26Capital expenditure−0.03Free cash flow0.23Dividends paid−0.19Fiscal year 2018Operating cash flow−0.46Capital expenditure−0.08Free cash flow−0.54 −332.7%Dividends paid−0.33Fiscal year 2019Operating cash flow−3.81Capital expenditure−0.07Free cash flow−3.89Dividends paid−0.50Fiscal year 2020Operating cash flow1.51Capital expenditure−0.15Free cash flow1.37Dividends paid0.00Fiscal year 2021Operating cash flow−4.02Capital expenditure−0.14Free cash flow−4.16 −404.3%Dividends paid0.00Fiscal year 2022Operating cash flow1.80Capital expenditure−0.04Free cash flow1.76Dividends paid0.00Fiscal year 2023Operating cash flow8.13Capital expenditure−0.07Free cash flow8.06 +358.2%Dividends paid−3.54Fiscal year 2024Operating cash flow11.18Capital expenditure−0.14Free cash flow11.03 +36.9%Dividends paid−2.04
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Operating cash flow 0.26 −0.46 −3.81 1.51 −4.02 1.80 8.13 11.18
Capital expenditure −0.03 −0.08 −0.07 −0.15 −0.14 −0.04 −0.07 −0.14
Free cash flow 0.23 −0.54 −3.89 1.37 −4.16 1.76 8.06 11.03
Growth −332.7% −404.3% +358.2% +36.9%
Dividends paid −0.19 −0.33 −0.50 0.00 0.00 0.00 −3.54 −2.04

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash0.84Shareholders’ equity1.15Fiscal year 2018Cash0.63Shareholders’ equity2.08Fiscal year 2019Cash0.89Shareholders’ equity7.15Fiscal year 2020Cash2.66Shareholders’ equity10.89Fiscal year 2021Cash3.75Shareholders’ equity14.42Fiscal year 2022Cash4.97Shareholders’ equity17.04Fiscal year 2023Cash9.21Shareholders’ equity19.45Fiscal year 2024Cash12.91Shareholders’ equity20.04
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash 0.84 0.63 0.89 2.66 3.75 4.97 9.21 12.91
Shareholders’ equity 1.15 2.08 7.15 10.89 14.42 17.04 19.45 20.04

In billions of BRL, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2024 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024
Margins
44.8% 31.2% 42.9% 48.3% 61.6% 58.0% 60.3% 67.2%
32.2% 22.5% 30.0% 41.4% 57.9% 60.2% 59.7% 60.8%
18.1% −26.3% −108.1% 27.2% −67.1% 29.6% 123.4% 148.6%
Spending
2.4% 4.0% 2.0% 2.9% 2.2% 0.8% 1.0% 2.0%
26.4% 27.4% 29.4% 14.0% 5.8% −3.9% 0.9% 9.4%
Returns
35.9% 22.1% 15.1% 19.1% 24.9% 21.0% 20.0% 22.5%
n/a 2.6% 2.5% 2.2% 2.6% 1.9% 1.6% 1.3%
Balance and payout
n/a 88.2% 83.6% 88.7% 89.7% 91.1% 92.2% 94.2%
45.9% 70.4% 46.3% 0.0% 0.0% 0.0% 90.9% 45.1%
81.9% n/a n/a 0.0% n/a 0.0% 43.9% 18.5%

Shown in BRL as filed; the screener converts to dollars.