Xp (XP) Gross Margin (2018 - 2026)
Xp (XP) posted quarterly Gross Margin of 96.38% for Q1 2026, up 345469258.0% year-over-year from N/an in Q1 2025, and little changed quarter-over-quarter from 96.71% in Q4 2025.
Xp (XP) Gross Margin (2018 - 2026) Analysis & Trends
Xp's Gross Margin history runs 9 years deep, the most recent figure standing at 96.38% for Q1 2026.
- In Q1 2026, Gross Margin rose 345469258.0% year-over-year to 96.38%; the TTM figure through Mar 2026 stood at 94.39% (down 561.0% YoY), while the FY2025 annual figure was 98.4%, up 41.0% from the prior year.
- Gross Margin for Q1 2026 stood at 96.38%, roughly flat from 96.71% in the prior quarter.
- The five-year high for Gross Margin was 100.0% in Q3 2024, with the low at 3683391015774.46% in Q3 2025.
- The 5-year median for Gross Margin is 96.38% (2026), against an average of 354046504879.94%.
- The sharpest annual moves came in 2023 and 2025: Gross Margin soared 2000000000 bps in 2023, then slumped 2000000000 bps in 2025.
- Xp's Gross Margin stood at 2335387205287.21% in 2022, then surged by 100 bps to 2494.7% in 2023, then slumped by 312221 bps to 7791479.5% in 2024, then jumped by 100 bps to 96.71% in 2025, then dropped by 0 bps to 96.38% in 2026.
- Business Quant data shows XP's Gross Margin at 96.38% in Q1 2026, 96.71% in Q4 2025, and 3683391015774.46% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | - |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | - |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 92.05% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | - |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | - |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 41.19% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 88.68% |
| 10 | Xp | 8.97 Bn | -2.02 Bn | -283.59 Mn | -72,904,967,207,552.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 96.38% |
| Dec 31, 2025 | 96.71% |
| Sep 30, 2025 | -3,683,391,015,774.46% |
| Jun 30, 2025 | 95.54% |
| Mar 31, 2025 | -3,454,596.20% |
| Dec 31, 2024 | -7,791,479.50% |
| Sep 30, 2024 | 100.00% |
| Jun 30, 2024 | 100.00% |
| Mar 31, 2024 | 100.00% |
| Dec 31, 2023 | -2,494.70% |
| Sep 30, 2023 | 100.00% |
| Jun 30, 2023 | 100.00% |
| Mar 31, 2023 | -1,114,313.08% |
| Dec 31, 2022 | -2,335,387,205,287.21% |
| Sep 30, 2022 | 100.00% |
| Jun 30, 2022 | 97.49% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | 0.00% |
| Sep 30, 2021 | 143.31% |
| Jun 30, 2021 | 0.00% |