Xp (XP) EBT Margin (2018 - 2026)
Xp (XP) posted EBT Margin of 76.96% for Q2 2026, up 10.67% on a QoQ basis from 69.54% in Q1 2026, and up 352.0% year-over-year from 17.03% in Q2 2025.
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Xp (XP) EBT Margin (2018 - 2026) Analysis & Trends
Xp has reported EBT Margin for 9 years, with the latest figure at 76.96% in Q2 2026.
- On a quarterly basis, EBT Margin rose 352.0% year-over-year to 76.96% in Q2 2026; TTM through Jun 2026 was 68.14%, a 159.0% decrease from a year earlier, with the FY2025 full-year figure at 29.61%, up 34.0% from the prior year.
- EBT Margin was 76.96% for Q2 2026 at Xp, up from 69.54% in the prior quarter.
- The five-year high for EBT Margin was 76.96% in Q2 2026, with the low at 47.16% in Q4 2022.
- Average EBT Margin over 5 years is 64.89%, with a median of 64.47% recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: EBT Margin jumped 3788 bps in 2022, then plunged 708 bps in 2023.
- Over 5 years, EBT Margin stood at 47.16% in 2022, then advanced by 12 bps to 52.9% in 2023, then increased by 29 bps to 68.04% in 2024, then declined by 7 bps to 63.2% in 2025, then advanced by 22 bps to 76.96% in 2026.
- The last three EBT Margin figures came in at 76.96% (Q2 2026), 69.54% (Q1 2026), and 63.2% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn | 54.20% |
| 2 | Interactive Brokers | 41.17 Bn | -6.79 Bn | - | 76.79% |
| 3 | LPL Financial Holdings | 27.86 Bn | 25.16 Bn | - | 9.94% |
| 4 | Futu Holdings | 15.80 Bn | -3.84 Bn | 792.50 Mn | 59.37% |
| 5 | UP Fintech Holding | 12.81 Bn | 12.81 Bn | - | 29.94% |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn | 76.96% |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn | 17.45% |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn | 3.99% |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - | -35.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 76.96% |
| Mar 31, 2026 | 69.54% |
| Dec 31, 2025 | 63.20% |
| Sep 30, 2025 | 63.68% |
| Jun 30, 2025 | 73.44% |
| Mar 31, 2025 | 76.53% |
| Dec 31, 2024 | 68.04% |
| Sep 30, 2024 | 62.48% |
| Jun 30, 2024 | 71.01% |
| Mar 31, 2024 | 67.03% |
| Dec 31, 2023 | 52.90% |
| Sep 30, 2023 | 63.50% |
| Jun 30, 2023 | 65.26% |
| Mar 31, 2023 | 60.62% |
| Dec 31, 2022 | 47.16% |
| Sep 30, 2022 | 63.08% |
| Jun 30, 2022 | 55.83% |
| Mar 31, 2022 | 67.71% |
| Dec 31, 2021 | 9.28% |
| Sep 30, 2021 | 57.15% |