Xp (XP) Change in Working Capital (2019 - 2026)

Xp (XP) posted quarterly Change in Working Capital of $776.9 million for Q1 2026, up 130.65% year-over-year from $336.8 million in Q1 2025, and up 1129.8% on a QoQ basis from $63.2 million in Q4 2025.

Xp (XP) Change in Working Capital (2019 - 2026) Analysis & Trends

Xp (XP) has reported Change in Working Capital for 8 consecutive years, with $776.9 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Change in Working Capital rose 130.65% year-over-year to $776.9 million; the TTM figure through Mar 2026 stood at $5.7 billion (up 1326.54% YoY), while the FY2025 annual figure was -$7.6 billion, up 25.0% from the prior year.
  • Change in Working Capital came in at $776.9 million for Q1 2026 at Xp, up from $63.2 million in the prior quarter.
  • The five-year high for Change in Working Capital was $7.6 billion in Q3 2025, with the low at -$2.7 billion in Q2 2025.
  • Average Change in Working Capital over 5 years is -$247.6 million, with a median of -$567.6 million recorded in 2023.
  • Across the five-year window, Change in Working Capital plunged 12380.63% in 2022 and soared 540.75% in 2024, its largest moves.
  • Year by year, Change in Working Capital stood at -$1.1 billion in 2022, then surged by 105.59% to $61.6 million in 2023, then slipped by 12.47% to $53.9 million in 2024, then increased by 17.24% to $63.2 million in 2025, then soared by 1129.8% to $776.9 million in 2026.
  • According to Business Quant data, Change in Working Capital over the past three periods registered $776.9 million, $63.2 million, and $7.6 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change Working Cap. (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn -
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn -
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -
10 Xp - - -274.03 Mn 776.90 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 776.90 Mn
Mar 31, 2026 776.90 Mn
Dec 31, 2025 63.17 Mn
Dec 31, 2025 63.17 Mn
Sep 30, 2025 7.58 Bn
Sep 30, 2025 7.58 Bn
Jun 30, 2025 -2.74 Bn
Jun 30, 2025 -2.74 Bn
Mar 31, 2025 -2.54 Bn
Mar 31, 2025 -2.54 Bn
Dec 31, 2024 53.88 Mn
Dec 31, 2024 53.88 Mn
Sep 30, 2024 2.50 Bn
Sep 30, 2024 2.50 Bn
Jun 30, 2024 -483.82 Mn
Jun 30, 2024 -483.82 Mn
Mar 31, 2024 -1.76 Bn
Mar 31, 2024 -1.76 Bn
Dec 31, 2023 61.56 Mn
Dec 31, 2023 61.56 Mn