XP Inc · Q1 2026 earnings

Briefing

XP Q1 2026: R$4.67B total revenue, R$1.32B net income, EPS R$2.53

XP Inc. reported unaudited interim condensed consolidated results for the three months ended March 31, 2026. Total revenue and income reached R$4.67 billion, up from R$4.34 billion in the prior-year quarter, driven by net income from financial instruments at fair value through profit or loss (R$3.91 billion) and net revenue from services rendered (R$1.93 billion). Net income for the period was R$1.32 billion versus R$1.24 billion a year ago. Basic EPS was R$2.53 (diluted R$2.49). Income before income tax was R$1.34 billion. Operating costs and administrative expenses rose with business growth, while expected credit losses were R$111.7 million. Total assets expanded to R$414.3 billion from R$396.5 billion at year-end 2025.

• Q1 2026 total revenue and income was R$4.67 billion (+7.6% YoY), including R$1.93 billion from services and R$3.91 billion from trading gains.
• Net income rose to R$1.32 billion from R$1.24 billion YoY; basic EPS was R$2.53 and diluted EPS R$2.49.
• Income before income tax was R$1.34 billion; income tax expense was R$25.7 million in the quarter.
• Expected credit losses were R$111.7 million, down from R$146.4 million in the prior-year quarter.
• Total assets grew to R$414.3 billion; equity attributable to owners reached R$24.7 billion.

Headline financials

Revenue & EPS history