Xp (XP) Cost of Revenue (2018 - 2026)

Xp has reported Cost of Revenue for 9 years, with the latest figure at $283.6 million in Q2 2026.

• On a quarterly basis, Cost of Revenue rose 21.68% year-over-year to $283.6 million in Q2 2026; TTM through Jun 2026 was $1.1 billion, a 19.06% increase from a year earlier, with the FY2025 full-year figure at $52.8 million, up 89.76% from the prior year.
• Cost of Revenue was $283.6 million for Q2 2026 at Xp, up from $274.0 million in the prior quarter.
• The five-year high for Cost of Revenue was $283.6 million in Q2 2026, with the low at $6.5 million in Q1 2024.
• Average Cost of Revenue over 5 years is $194.2 million, with a median of $220.0 million recorded in 2023.
• The sharpest annual moves came in 2024 and 2025: Cost of Revenue plunged 96.69% in 2024, then surged 3277.59% in 2025.
• Over 5 years, Cost of Revenue stood at $26.4 million in 2022, then increased by 29.83% to $34.2 million in 2023, then surged by 541.33% to $219.6 million in 2024, then rose by 24.18% to $272.7 million in 2025, then advanced by 4.01% to $283.6 million in 2026.
• The last three Cost of Revenue figures came in at $283.6 million (Q2 2026), $274.0 million (Q1 2026), and $272.7 million (Q4 2025), per Business Quant data.