Xp (XP) Cost of Revenue (2018 - 2026)
Xp (XP) recorded quarterly Cost of Revenue of $274.0 million in Q1 2026, up 139.94% quarter-over-quarter from -$686.0 million in Q4 2025, and up 25.16% on a YoY basis from $218.9 million in Q1 2025.
Xp (XP) Cost of Revenue (2018 - 2026) Analysis & Trends
Xp's Cost of Revenue history runs 9 years deep, the most recent figure standing at $274.0 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 25.16% year-over-year to $274.0 million; the TTM figure through Mar 2026 stood at -$411.5 million (down 100.0% YoY), while the FY2025 annual figure was $52.8 million, up 105.8% from the prior year.
- Cost of Revenue was $274.0 million for Q1 2026 at Xp, up from -$686.0 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $219563.3 billion in Q4 2024 to a low of -$686.0 million in Q4 2025.
- Historically, Cost of Revenue has averaged $12915.6 billion across 5 years, with a median of $186.5 million in 2022.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue jumped 6.413291904599797e+20% in 2024, then plunged 100.0% in 2025.
- A 5-year view of Cost of Revenue shows it stood at $26.4 million in 2022, then slumped by 100.0% to $0.0 in 2023, then surged by 6.413291904599797e+20% to $219563.3 billion in 2024, then plunged by 100.0% to -$686.0 million in 2025, then soared by 139.94% to $274.0 million in 2026.
- The last three Cost of Revenue figures came in at $274.0 million (Q1 2026), -$686.0 million (Q4 2025), and $271816.4 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | - |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | - |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | - |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | - |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 107.00 Mn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | - |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | - |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | - |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | 39,000.00 |
| 10 | Xp | 7,366.40 | -11.23 Bn | 93.11 Mn | 274.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 274.03 Mn |
| Mar 31, 2026 | 274.03 Mn |
| Dec 31, 2025 | -686.02 Mn |
| Dec 31, 2025 | -686.02 Mn |
| Sep 30, 2025 | 271,816.43 |
| Sep 30, 2025 | 271,816.43 |
| Jun 30, 2025 | 248,883.26 |
| Jun 30, 2025 | 248,883.26 |
| Mar 31, 2025 | 218.94 Mn |
| Mar 31, 2025 | 218.94 Mn |
| Dec 31, 2024 | 219,563.32 Bn |
| Dec 31, 2024 | 219,563.32 Bn |
| Sep 30, 2024 | 0.25 |
| Sep 30, 2024 | 0.25 |
| Jun 30, 2024 | 237.79 Mn |
| Jun 30, 2024 | 237.79 Mn |
| Mar 31, 2024 | 246.48 Mn |
| Mar 31, 2024 | 246.48 Mn |
| Dec 31, 2023 | 0.00 |
| Dec 31, 2023 | 0.00 |