Xp (XP) Free Cash Flow (2019 - 2026)
Xp (XP) posted Free Cash Flow of -$229.8 million for Q2 2026, down 125.51% on a QoQ basis from $901.0 million in Q1 2026, and down 127.11% year-over-year from $847.8 million in Q2 2025.
Analysis
Xp (XP) Free Cash Flow (2019 - 2026) Analysis & Trends
Xp has reported Free Cash Flow for 8 years, with the latest figure at -$229.8 million in Q2 2026.
- On a quarterly basis, Free Cash Flow fell 127.11% year-over-year to -$229.8 million in Q2 2026; TTM through Jun 2026 was $2.5 billion, a 31.03% increase from a year earlier, with the FY2025 full-year figure at $2.2 billion, up 3.89% from the prior year.
- Free Cash Flow was -$229.8 million for Q2 2026 at Xp, down from $901.0 million in the prior quarter.
- The five-year high for Free Cash Flow was $2.3 billion in Q3 2025, with the low at -$670.0 million in Q1 2024.
- Average Free Cash Flow over 5 years is $389.7 million, with a median of $326.4 million recorded in 2022.
- The largest YoY upside for Free Cash Flow was 14636.65% in 2023 against a maximum downside of 566.71% in 2023.
- Over 5 years, Free Cash Flow stood at $290.2 million in 2022, then jumped by 187.31% to $833.8 million in 2023, then slipped by 20.61% to $662.0 million in 2024, then slumped by 165.24% to -$431.9 million in 2025, then soared by 46.78% to -$229.8 million in 2026.
- The last three Free Cash Flow figures came in at -$229.8 million (Q2 2026), $901.0 million (Q1 2026), and -$431.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn | 708.00 Mn |
| 2 | Interactive Brokers | 41.17 Bn | -6.79 Bn | - | 6.20 Bn |
| 3 | LPL Financial Holdings | 27.86 Bn | 25.16 Bn | - | 202.51 Mn |
| 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 | -229.84 Mn |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn | - |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn | 40.28 Mn |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - | 6.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -229.84 Mn |
| Mar 31, 2026 | 901.04 Mn |
| Dec 31, 2025 | -431.89 Mn |
| Sep 30, 2025 | 2.28 Bn |
| Jun 30, 2025 | 847.76 Mn |
| Mar 31, 2025 | -446.05 Mn |
| Dec 31, 2024 | 661.99 Mn |
| Sep 30, 2024 | 855.42 Mn |
| Jun 30, 2024 | 1.16 Bn |
| Mar 31, 2024 | -670.04 Mn |
| Dec 31, 2023 | 833.83 Mn |
| Sep 30, 2023 | -237.68 Mn |
| Jun 30, 2023 | 362.51 Mn |
| Mar 31, 2023 | 660.53 Mn |
| Dec 31, 2022 | 290.22 Mn |
| Sep 30, 2022 | -35.65 Mn |
| Jun 30, 2022 | 2.46 Mn |
| Mar 31, 2022 | 212.67 Mn |
| Dec 31, 2021 | 270.51 Mn |
| Sep 30, 2021 | -578.19 Mn |