XP Inc. (XP)
NEUTRALFundamental
60
Price
$17.64
Market Cap
$8.77B
Part 1 · What the company is worth
Overview
XP Inc. engages in the provision of financial products and services in Brazil. It operates XP Platform, an open product platform that provides clients to access investment products in the market comprising brokerage securities, fixed income securities, mutual, hedge, and private equity funds; derivatives and synthetic instruments; credit cards; loan operations/collateralized credit products; pension and social security funds, and life and travel insurance products; and other investment products comprising real estate funds, and equity and debt capital markets solutions, as well as wealth management services. The company offers brokerage and issuer services to institutional and corporate clients. It also manages mutual funds focused on stocks and macro strategies distributed to retail and to institutional clients; funds and managed portfolios for high-net-worth retail clients, and proprietary treasury funds; and passive mutual funds that track market indexes, and mutual and investment funds focused on fixed income, credit, real estate, infrastructure, and other alternative strategies. In addition, the company offers securities brokerage services for institutional and retail investors; interdealer brokerage services for institutional traders; and commercial and investment banking products, such as loan operations and transactions in the foreign exchange markets and deposits, as well as develops and sells financial education courses and events online and in person to retail clients. It offers its sell products and services through its omni-channel distribution network and online portals. XP Inc. was founded in 2001 and is based in George Town, the Cayman Islands.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$8.25B
Trailing 12 months (through 3/31/2026)
Net Income
$5.25B
Trailing 12 months (through 3/31/2026)
Free Cash Flow
-
Total Equity
$3.68B
Total Liabilities
$159.54B
Current Ratio
1.49
Interest Coverage
-
Debt/EBITDA
-
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$49.61
Current Price
$17.64
Margin of Safety
+64.4%
Fair Value Range
$32.24 - $66.97
Estimation Methods
Valuation Metrics
P/E Ratio
8.82
ROE
22.6%
P/B Ratio
1.91
P/FCF
-
Gross Margin
69.2%
ROIC
2.8%
Profitability Radar
Value Creation (Economic Moat)
ROIC
2.8%
WACC
0.5%
ROIC − WACC
+2.3 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (9)
- Gross Margin 69.2%
- P/B Ratio 1.91
- Current Ratio
- ROE 22.3%
- Revenue Growth 5Y 17.7%
- Analyst Consensus 84% Buy
- PEG Ratio 0.37
- Earnings Quality (OCF/NI) 2.60
- Net Margin Trend 28.1% vs 26.4%
Failed (6)
- Price CAGR -11.17%
- ROIC 2.8%
- Debt/Equity ratio
- DCF valuation (Unknown)
- Earnings Surprise avg -1.6%
- Piotroski F-Score 2/9
Unavailable (12)
- EPS data insufficient
- P/FCF NaN
- Dividend Payout NaN%
- Operating Margin NaN%
- Positive Free Cash Flow
- CapEx intensity
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- Share Dilution (missing shares data)
Piotroski F-Score
Serious financial concerns
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Guilherme Dias Fernandes Benchimol | Founder & Executive Chairman | 47 |
| Mr. Thiago Maffra | CEO & Director | 40 |
| Mr. Gustavo Alejo Viviani | Chief Financial Officer | 50 |
| Mr. Andre Parize | Chief Investor Relations Officer | - |
| Mr. Fabrício Cunha de Almeida | General Counsel | 43 |
| Marco Goncalves | Head of M&A | - |
| Gabriel Dos Santos | Head of Recruitment & Selection | - |
| Mr. Jose de Menezes Berenguer Neto | CEO of Banco XP S.A. & Director | 59 |
| Mr. Antonio Guimarães | Investor Relations Officer | - |
| Mr. Ygor Gomes Altero | Equity Research Analyst | - |
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for XP, sourced from Markets Gazette.
- 29d agoNEUTRALXP Founder Urges Brazil to Fix Deficit as Election Debate Looms
XP Inc. founder Guilherme Benchimol has issued a strong call for Brazil to implement a significant fiscal overhaul. He argues that such reforms are critical for reducing interest rates and fostering a more conducive environment for investment within the country. This statement comes as Brazil approaches an election debate, highlighting the intersection of political discourse and economic policy. Investors are watching closely to see if these calls for fiscal responsibility translate into concrete policy actions that could impact the broader Brazilian economic landscape and investment climate.
- 5/19/2026NEGATIVEXP Posts Downbeat Q1 Earnings, Joins Akamai Technologies And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
XP Inc. reported disappointing first-quarter earnings, missing analyst expectations and prompting a pre-market decline. The company also announced a new Chief Financial Officer, adding to the uncertainty. This news places XP among other major stocks, including Akamai Technologies, that are trading lower in Tuesday's pre-market session, with the Nasdaq futures indicating a broader market downturn. Investors are likely reassessing their positions in XP due to the weak financial performance and executive changes.
- 2/21/2026NEUTRALXP Could Soar If These 2 Things Go Right
XP Inc., a Brazilian investment management company, appears potentially attractive to investors, but challenges remain. The article suggests the stock could soar if two specific conditions are met. While the details of these conditions are not specified, the analysis indicates that XP's future success will depend on key, yet-to-be-defined factors. For investors, this scenario calls for careful assessment of the risk/reward profile, given the uncertainty surrounding the achievement of future objectives.
via Markets Gazette