Xp (XP) Debt Ratio (2018 - 2026)

Xp (XP) posted Debt Ratio of 0.04 for Q2 2026, up 17.03% on a QoQ basis from 0.03 in Q1 2026, and down 21.92% year-over-year from 0.04 in Q2 2025.

Analysis

Xp (XP) Debt Ratio (2018 - 2026) Analysis & Trends

Xp has reported Debt Ratio for 9 years, with the latest figure at 0.04 in Q2 2026.

On a quarterly basis, Debt Ratio fell 21.92% year-over-year to 0.04 in Q2 2026; TTM through Jun 2026 was 0.04, a 21.92% decrease from a year earlier, with the FY2025 full-year figure at 0.13, down 22.22% from the prior year.
Debt Ratio was 0.04 for Q2 2026 at Xp, up from 0.03 in the prior quarter.
The five-year high for Debt Ratio was 0.22 in Q2 2023, with the low at 0.03 in Q1 2026.
Average Debt Ratio over 5 years is 0.09, with a median of 0.06 recorded in 2022.
The sharpest annual moves came in 2022 and 2023: Debt Ratio plunged 84.59% in 2022, then jumped 240.47% in 2023.
Over 5 years, Debt Ratio stood at 0.07 in 2022, then surged by 125.33% to 0.16 in 2023, then increased by 3.16% to 0.16 in 2024, then decreased by 22.22% to 0.13 in 2025, then sank by 72.25% to 0.04 in 2026.
The last three Debt Ratio figures came in at 0.04 (Q2 2026), 0.03 (Q1 2026), and 0.13 (Q4 2025), per Business Quant data.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	Robinhood Markets	101.20 Bn	83.88 Bn	1.20 Bn	0.36
2	Interactive Brokers	41.17 Bn	-6.79 Bn	-	0.18
3	LPL Financial Holdings	27.86 Bn	25.16 Bn	-	0.38
4	Futu Holdings	15.80 Bn	-3.84 Bn	792.50 Mn	0.05
5	UP Fintech Holding	12.81 Bn	12.81 Bn	-	0.01
6	Xp	10.32 Bn	5.47 Bn	105.39 Mn	0.04
7	Webull	4.83 Bn	2.90 Bn	85.87 Mn	0.02
8	eToro	2.53 Bn	1.57 Bn	63.50 Mn	-
9	Solowin Holdings	402.47 Mn	383.36 Mn	-	0.06
10	TOP Financial	127.44 Mn	82.47 Mn	-	0.00

Historic Data

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