Xp (XP) EV to EBITDA (2019 - 2026)
Xp (XP) posted EV to EBITDA of 8.15 for Q2 2026, down 13.87% on a QoQ basis from 9.46 in Q1 2026, and down 58.84% year-over-year from 19.8 in Q2 2025.
Powered by 
Analysis
Xp (XP) EV to EBITDA (2019 - 2026) Analysis & Trends
Xp has reported EV to EBITDA for 8 years, with the latest figure at 8.15 in Q2 2026.
- On a quarterly basis, EV to EBITDA fell 58.84% year-over-year to 8.15 in Q2 2026; TTM through Jun 2026 was 2.02, a 19.73% decrease from a year earlier, with the FY2025 full-year figure at 0.85, up 104.93% from the prior year.
- EV to EBITDA was 8.15 for Q2 2026 at Xp, down from 9.46 in the prior quarter.
- The five-year high for EV to EBITDA was 164.07 in Q4 2023, with the low at 35.41 in Q1 2024.
- Average EV to EBITDA over 5 years is 27.92, with a median of 21.8 recorded in 2025.
- The sharpest annual moves came in 2023 and 2024: EV to EBITDA surged 263.24% in 2023, then slumped 217.24% in 2024.
- Over 5 years, EV to EBITDA stood at 45.17 in 2022, then soared by 263.24% to 164.07 in 2023, then sank by 120.61% to 33.82 in 2024, then soared by 120.58% to 6.96 in 2025, then advanced by 17.08% to 8.15 in 2026.
- The last three EV to EBITDA figures came in at 8.15 (Q2 2026), 9.46 (Q1 2026), and 6.96 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn |
| 2 | Interactive Brokers | 41.17 Bn | -6.79 Bn | - |
| 3 | LPL Financial Holdings | 27.86 Bn | 25.16 Bn | - |
| 4 | Futu Holdings | 15.80 Bn | -3.84 Bn | 792.50 Mn |
| 5 | UP Fintech Holding | 12.81 Bn | 12.81 Bn | - |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.15 |
| Mar 31, 2026 | 9.46 |
| Dec 31, 2025 | 6.96 |
| Sep 30, 2025 | 9.69 |
| Jun 30, 2025 | 19.80 |
| Mar 31, 2025 | 23.80 |
| Dec 31, 2024 | -33.82 |
| Sep 30, 2024 | 8.17 |
| Jun 30, 2024 | 17.16 |
| Mar 31, 2024 | -35.41 |
| Dec 31, 2023 | 164.07 |
| Sep 30, 2023 | 34.33 |
| Jun 30, 2023 | 32.75 |
| Mar 31, 2023 | 30.21 |
| Dec 31, 2022 | 45.17 |
| Sep 30, 2022 | 44.24 |
| Jun 30, 2022 | 47.38 |
| Mar 31, 2022 | 70.43 |
| Dec 31, 2021 | 62.32 |
| Sep 30, 2021 | 530.83 |