Xp (XP) Gross Margin (2018 - 2026)

Xp (XP) recorded quarterly Gross Margin of 25.36% in Q1 2026, down 89.94% quarter-over-quarter from 252.09% in Q4 2025, and down 17664902.0% on a YoY basis from N/an in Q1 2025.

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

Xp's Gross Margin history runs 9 years deep, the most recent figure standing at 25.36% for Q1 2026.

  • In Q1 2026, Gross Margin fell 17664902.0% year-over-year to 25.36%; the TTM figure through Mar 2026 stood at 93370.05% (up 2219718725.0% YoY), while the FY2025 annual figure was 96.3%, down 282.0% from the prior year.
  • Gross Margin was 25.36% for Q1 2026 at Xp, down from 252.09% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 176370328676503.16% in Q1 2022 to a low of 66736301.67% in Q4 2024.
  • Historically, Gross Margin has averaged 10374729344972.27% across 5 years, with a median of 100.0% in 2022.
  • The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 2000000000 bps in 2022, then sank 2000000000 bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 100.0% in 2022, then gained by 0 bps to 100.0% in 2023, then tumbled by 66736402 bps to 66736301.67% in 2024, then soared by 100 bps to 252.09% in 2025, then sank by 90 bps to 25.36% in 2026.
  • The last three Gross Margin figures came in at 25.36% (Q1 2026), 252.09% (Q4 2025), and 152119.27% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -
2 Morgan Stanley 349.82 Bn 216.29 Bn - -
3 Goldman Sachs 333.85 Bn -603.70 Bn - -
4 Schwab Charles 160.31 Bn 115.33 Bn - -
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 89.97%
6 Interactive Brokers 42.79 Bn 53.38 Bn - -
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - -
8 Tradeweb Markets 21.20 Bn 19.96 Bn - -
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn 99.97%
10 Xp 7,366.40 -11.23 Bn 93.11 Mn 25.36%

Historic Data

Download Data
DateValue
Mar 31, 2026 25.36%
Dec 31, 2025 252.09%
Sep 30, 2025 152,119.27%
Jun 30, 2025 68,372,615.04%
Mar 31, 2025 176,674.38%
Dec 31, 2024 -66,736,301.67%
Sep 30, 2024 68,071,312.80%
Jun 30, 2024 150,876.86%
Mar 31, 2024 24.94%
Dec 31, 2023 100.00%
Sep 30, 2023 100.00%
Jun 30, 2023 26.34%
Mar 31, 2023 24.44%
Dec 31, 2022 100.00%
Sep 30, 2022 37.31%
Jun 30, 2022 38.27%
Mar 31, 2022 176,370,328,676,503.16%
Dec 31, 2021 72,492,890,297,365.03%
Sep 30, 2021 0.00%
Jun 30, 2021 0.00%