XP (NASDAQ: XP) financial statements
The consolidated income statement, balance sheet and cash flow statement of XP for its last 8 fiscal years, as filed with the regulator, in millions of Brazilian reais. At the end of fiscal 2025 it had BRL 396,528m in total assets and BRL 23,547m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating profit | BRL 5,449m | BRL 4,986m | BRL 3,936m | BRL 3,445m | BRL 3,815m | BRL 2,421m | BRL 1,544m | BRL 640.7m |
| Profit before tax | BRL 5,449m | BRL 4,986m | BRL 3,936m | BRL 3,445m | BRL 3,815m | BRL 2,421m | BRL 1,544m | BRL 640.7m |
| Income tax | BRL 279.3m | BRL 471.1m | BRL 37.0m | BRL 135.6m | BRL 222.7m | BRL 339.9m | BRL 454.6m | BRL 175.4m |
| Net profit | BRL 5,170m | BRL 4,513m | BRL 3,899m | BRL 3,579m | BRL 3,589m | BRL 2,076m | BRL 1,080m | BRL 461.4m |
| Earnings per share | BRL 9.80 | BRL 8.33 | BRL 7.22 | BRL 6.44 | BRL 6.42 | BRL 3.76 | BRL 2.11 | BRL 0.94 |
| Diluted earnings per share | BRL 9.72 | BRL 8.23 | BRL 7.16 | BRL 6.25 | BRL 6.26 | BRL 3.71 | BRL 2.11 | BRL 0.94 |
| Depreciation and amortisation | BRL 273.1m | BRL 265.3m | BRL 252.4m | BRL 205.9m | BRL 231.7m | BRL 143.3m | BRL 58.3m | BRL 52.8m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 396,528m | BRL 347,457m | BRL 249,041m | BRL 192,035m | BRL 139,340m | BRL 96,029m | BRL 43,623m | BRL 17,724m |
| Property, plant and equipment | BRL 463.5m | BRL 450.0m | BRL 373.4m | BRL 310.9m | BRL 314.0m | BRL 204.0m | BRL 142.5m | BRL 99.1m |
| Cash | BRL 19,221m | BRL 12,910m | BRL 9,210m | BRL 4,967m | BRL 3,752m | BRL 2,660m | BRL 887.8m | BRL 626.9m |
| Total liabilities | BRL 372,981m | BRL 327,410m | BRL 229,590m | BRL 174,992m | BRL 124,921m | BRL 85,132m | BRL 36,467m | BRL 15,633m |
| Equity | BRL 23,547m | BRL 20,044m | BRL 19,449m | BRL 17,036m | BRL 14,417m | BRL 10,895m | BRL 7,153m | BRL 2,085m |
| Equity including minorities | BRL 23,548m | BRL 20,047m | BRL 19,451m | BRL 17,042m | BRL 14,420m | BRL 10,898m | BRL 7,156m | BRL 2,092m |
| Minority interests | BRL 1.0m | BRL 3.7m | BRL 1.5m | BRL 6.5m | BRL 2.8m | BRL 3.0m | BRL 2.6m | BRL 6.9m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | BRL 12,045m | BRL 11,179m | BRL 8,127m | BRL 1,804m | −BRL 4,020m | BRL 1,511m | −BRL 3,814m | −BRL 456.7m |
| Investing cash flow | −BRL 716.0m | −BRL 1,667m | BRL 538.8m | −BRL 371.3m | −BRL 1,151m | −BRL 582.0m | −BRL 161.4m | −BRL 147.1m |
| Financing cash flow | −BRL 4,927m | −BRL 5,784m | −BRL 4,395m | −BRL 200.3m | BRL 6,639m | BRL 788.7m | BRL 4,234m | BRL 380.1m |
| Capital expenditure | −BRL 209.3m | −BRL 144.8m | −BRL 66.0m | −BRL 44.6m | −BRL 135.4m | −BRL 145.2m | −BRL 72.5m | −BRL 83.1m |
| Dividends paid | −BRL 494.5m | −BRL 2,037m | −BRL 3,542m | BRL 0.0m | BRL 0.0m | BRL 0.0m | −BRL 500.0m | −BRL 325.0m |
Where each figure comes from
From the annual report (Form 20-F) that XP files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the XP page.
More companies from Brazil and the rest of the region: Latin American stocks.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.