Xp (XP) Invested Capital (2018 - 2025)
Xp (XP) recorded Invested Capital of $4.52 billion in Q4 2025, up 15.1% from $3.92 billion a year earlier but down 35.5% from the prior quarter.
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Analysis
Xp (XP) Invested Capital (2018 - 2025) Analysis & Trends
For FY2025, Xp reported Invested Capital of $4.36 billion, up 2.5% from FY2024.
- Annual Invested Capital has a five-year compound annual growth rate of 12.8% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $4.25 billion in FY2024 (-1.1%), $4.3 billion in FY2023 (-25.7%), $5.79 billion in FY2022 (+34.4%) and $4.31 billion in FY2021 (+80.5%).
- Quarterly Invested Capital has ranged from $1.27 billion in Q4 2023 to $47.54 billion in Q3 2024 over the past five years.
- On a year-over-year basis, Invested Capital rose in four of the last eight quarters, with growth averaging 77.6%.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 603.9% in Q2 2023, against a decline of 85.3% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $7 billion (Q3 2025), $6.9 billion (Q2 2025) and $6.49 billion (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | - |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | 50.48 Bn |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | 29.94 Bn |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | 49.47 Bn |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | 20.75 Bn |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | - |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | 22.26 Bn |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | 22.03 Bn |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | 7.07 Bn |
| 10 | Xp | 11.18 Bn | -146.56 Bn | 105.39 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 4.52 Bn |
| Sep 30, 2025 | 7.00 Bn |
| Jun 30, 2025 | 6.90 Bn |
| Mar 31, 2025 | 6.49 Bn |
| Dec 31, 2024 | 3.92 Bn |
| Sep 30, 2024 | 47.54 Bn |
| Jun 30, 2024 | 7.25 Bn |
| Mar 31, 2024 | 7.59 Bn |
| Dec 31, 2023 | 1.27 Bn |
| Sep 30, 2023 | 7.25 Bn |
| Jun 30, 2023 | 39.25 Bn |
| Mar 31, 2023 | 5.90 Bn |
| Dec 31, 2022 | 1.82 Bn |
| Sep 30, 2022 | 4.84 Bn |
| Jun 30, 2022 | 5.58 Bn |
| Mar 31, 2022 | 4.84 Bn |
| Dec 31, 2021 | 1.66 Bn |
| Sep 30, 2021 | 4.10 Bn |
| Jun 30, 2021 | 3.95 Bn |
| Mar 31, 2021 | 19.63 Bn |
API Access
Xp Invested Capital 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=invested-capital&ticker=XP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=XP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();