Xp (XP) Gross Margin (2018 - 2026)
Xp's Gross Margin was 27.10% in Q2 2026, up 0.62 percentage points from 26.47% a year earlier and up 1.73 percentage points from the prior quarter.
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Analysis
Xp (XP) Gross Margin (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Xp's Gross Margin was 31.76% through Jun 30, 2026, down 134.65 percentage points year-over-year; for FY2025, it was 31.43%, down 126.50 percentage points from FY2024.
- Gross Margin shows a five-year change of -36.12 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 157.93% in FY2024 (+3.31 pp), 154.62% in FY2023 (+119.79 pp), 34.84% in FY2022 (-36.76 pp) and 71.60% in FY2021 (+4.05 pp).
- Quarterly Gross Margin has moved between 0.00% (Q3 2021) and 390589848.70% (Q4 2023) over five years.
- Compared with a year earlier, Gross Margin was higher in three of the last eight quarters, with an average year-over-year change of -48823719.97 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2023 (a gain of 390589848.70 percentage points); the worst was Q4 2024 (a drop of 390589389.18 percentage points).
- Per Business Quant data, XP's Gross Margin in the three quarters before Q2 2026 was 25.36% (Q1 2026), 39.56% (Q4 2025) and 33.44% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | - |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | - |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | - |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | - |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | 59.24% |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | - |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | - |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | - |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | 50.71% |
| 10 | Xp | 11.18 Bn | -146.56 Bn | 105.39 Mn | 27.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 | 390,589,848.70% |
| Sep 30, 2023 | 0.00% |
| Jun 30, 2023 | 26.34% |
| Mar 31, 2023 | 0.00% |
| Dec 31, 2022 | 0.00% |
| Sep 30, 2022 | 0.00% |
| Jun 30, 2022 | 0.00% |
| Mar 31, 2022 | 176.37% |
| Dec 31, 2021 | 152.26% |
| Sep 30, 2021 | 0.00% |
API Access
Xp Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=XP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "XP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=XP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();