Xp XP
NASDAQ XP
$19.86 -0.11 (-0.55%)
At close: Sep 11, 2026 · 4:00 PM EDT

Xp (XP) Gross Margin (2018 - 2026)

Xp (XP) posted Gross Margin of 27.1% for Q2 2026, up 6.83% on a QoQ basis from 25.36% in Q1 2026, and up 62.0% year-over-year from 16.73% in Q2 2025.

Analysis

Xp (XP) Gross Margin (2018 - 2026) Analysis & Trends

Xp has reported Gross Margin for 9 years, with the latest figure at 27.1% in Q2 2026.

  • On a quarterly basis, Gross Margin rose 62.0% year-over-year to 27.1% in Q2 2026; TTM through Jun 2026 was 31.76%, a 13465.0% decrease from a year earlier, with the FY2025 full-year figure at 98.4%, up 2955.0% from the prior year.
  • Gross Margin was 27.1% for Q2 2026 at Xp, up from 25.36% in the prior quarter.
  • The five-year high for Gross Margin was 459.52% in Q4 2024, with the low at 0.0% in Q1 2023.
  • Average Gross Margin over 5 years is 95.53%, with a median of 30.27% recorded in 2025.
  • The sharpest annual moves came in 2023 and 2025: Gross Margin jumped 39059 bps in 2023, then tumbled 41996 bps in 2025.
  • Over 5 years, Gross Margin stood at 0.0% in 2022, then soared by 65153717 bps to 390.59% in 2023, then grew by 18 bps to 459.52% in 2024, then plunged by 91 bps to 39.56% in 2025, then tumbled by 32 bps to 27.1% in 2026.
  • The last three Gross Margin figures came in at 27.1% (Q2 2026), 25.36% (Q1 2026), and 39.56% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Robinhood Markets 101.20 Bn 83.88 Bn 1.20 Bn 92.05%
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 86.31%
5 UP Fintech Holding 12.81 Bn 12.81 Bn - -
6 Xp 10.32 Bn 5.47 Bn 105.39 Mn 27.10%
7 Webull 4.83 Bn 2.90 Bn 85.87 Mn 43.19%
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 - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 27.10%
Mar 31, 2026 25.36%
Dec 31, 2025 39.56%
Sep 30, 2025 33.44%
Jun 30, 2025 26.47%
Mar 31, 2025 0.00%
Dec 31, 2024 459.52%
Sep 30, 2024 151.51%
Jun 30, 2024 36.55%
Mar 31, 2024 0.00%
Dec 31, 2023 390.59%
Sep 30, 2023 0.00%
Jun 30, 2023 26.34%
Mar 31, 2023 0.00%
Dec 31, 2022 0.00%
Sep 30, 2022 167.81%
Jun 30, 2022 158.98%
Mar 31, 2022 176.37%
Dec 31, 2021 70.84%
Sep 30, 2021 143.31%