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 338.83 Bn 205.30 Bn - -
2 Goldman Sachs 316.34 Bn -660.01 Bn - -
3 Schwab Charles 220.55 Bn 135.80 Bn - -
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn 206.12%
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 92.05%
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 72.42%
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - -
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - -
10 Xp 8.80 Bn 8.80 Bn 353.79 96.38%

Historic Data

Download Data
DateValue
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%