What XP Inc. does.

Our mission is to transform the financial markets in order to improve people’s lives in Brazil, which is the eleventh largest economy in the world with over 213 million people in 2025 and a GDP of R$12.7 trillion (approximately US$2.3 trillion) in 2025, according to the IBGE. We believe the financial services industry in Brazil is inefficient and expensive by international standards and provides poor client experiences. Brazil’s investments industry is highly concentrated and we estimate our Individual’s Client Assets as of December 31, 2025 to account for nearly 12% of a market totaling R$ 8.6 trillion, according to internal research and public data from Anbima.

We believe this concentration has enabled the incumbent players to secure a large profit pool and restrict the market in Brazil by: (1) providing a more narrow selection of financial products than typically found in larger markets, such as the United States and Europe; (2) promoting inefficient financial products, such as savings accounts called poupança, which provide investors with relatively low returns, at times below the inflation rate, and come with highly restrictive and punitive redemption options; (3) charging relatively high fees with low yields since the clients are captive and the products made available are often limited only to those issued by each bank; and (4) providing poor customer service due to a low prioritization of the client experience, limited market competition, and a lack of alternative choices available to consumers.

Revenue and profit, by fiscal year.

More on XP.

• XP Inc. summary
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• XP Inc. key metrics
• XP Inc. health scores and style box
• XP Inc. earnings
• XP Inc. dividends
• XP Inc. valuation
• XP Inc. ownership and insiders
• XP Inc. peers

Figures from XP Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.