Xp (XP) EBT Margin (2018 - 2026)
Xp's EBT Margin was 76.96% in Q2 2026, up 3.52 percentage points from 73.44% a year earlier and up 7.42 percentage points from the prior quarter.
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Analysis
Xp (XP) EBT Margin (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Xp's EBT Margin was 68.14% through Jun 30, 2026, down 1.59 percentage points year-over-year; for FY2025, it was 68.39%, up 1.24 percentage points from FY2024.
- EBT Margin has now increased for five consecutive years, with a five-year change of +38.69 percentage points (FY2020 to FY2025).
- In earlier years, EBT Margin was 67.15% in FY2024 (+6.89 pp), 60.26% in FY2023 (+2.28 pp), 57.99% in FY2022 (+26.40 pp) and 31.59% in FY2021 (+1.89 pp).
- The Q2 2026 figure marks the highest quarterly EBT Margin in data going back to Q4 2018.
- Compared with a year earlier, EBT Margin was higher in five of the last eight quarters, with an average year-over-year change of +2.37 percentage points.
- The best year-over-year quarter for EBT Margin over five years was Q4 2021 (a gain of 72.19 percentage points); the worst was Q4 2022 (a drop of 25.07 percentage points).
- Per Business Quant data, XP's EBT Margin in the three quarters before Q2 2026 was 69.54% (Q1 2026), 63.20% (Q4 2025) and 63.68% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | 54.20% |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | 40.00% |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | 77.82% |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | 35.64% |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | 25.79% |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | 34.31% |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | 76.79% |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | 78.90% |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | 34.29% |
| 10 | Xp | 11.18 Bn | -146.56 Bn | 105.39 Mn | 76.96% |
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 | 72.23% |
| Sep 30, 2021 | 57.15% |
API Access
Xp EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=XP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "XP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=XP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();