Xp (XP) Net Margin (2018 - 2026)
Xp (XP) posted Net Margin of 0.12% for Q2 2026, down 115.81% on a QoQ basis from 0.77% in Q1 2026, and down 1075.0% year-over-year from 0.01% in Q2 2025.
Analysis
Xp (XP) Net Margin (2018 - 2026) Analysis & Trends
Xp has reported Net Margin for 9 years, with the latest figure at 0.12% in Q2 2026.
- On a quarterly basis, Net Margin fell 1075.0% year-over-year to 0.12% in Q2 2026; TTM through Jun 2026 was 16.15%, a 1208.0% increase from a year earlier, with the FY2025 full-year figure at 28.1%, up 142.0% from the prior year.
- Net Margin was 0.12% for Q2 2026 at Xp, down from 0.77% in the prior quarter.
- The five-year high for Net Margin was 55.29% in Q4 2023, with the low at 22.41% in Q2 2024.
- Average Net Margin over 5 years is 7.27%, with a median of 2.07% recorded in 2022.
- The sharpest annual moves came in 2023 and 2024: Net Margin jumped 5529 bps in 2023, then slumped 5529 bps in 2024.
- Over 5 years, Net Margin stood at 0.0% in 2022, then surged by 21233874 bps to 55.29% in 2023, then plunged by 100 bps to 0.0% in 2024, then soared by 84186974 bps to 53.28% in 2025, then plunged by 100 bps to 0.12% in 2026.
- The last three Net Margin figures came in at 0.12% (Q2 2026), 0.77% (Q1 2026), and 53.28% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn | 42.89% |
| 2 | Interactive Brokers | 41.17 Bn | -6.79 Bn | - | 16.46% |
| 3 | LPL Financial Holdings | 27.86 Bn | 25.16 Bn | - | 7.31% |
| 4 | Futu Holdings | 15.80 Bn | -3.84 Bn | 792.50 Mn | 50.70% |
| 5 | UP Fintech Holding | 12.81 Bn | 12.81 Bn | - | 21.59% |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn | 70.69% |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn | 12.25% |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn | 0.12% |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - | -10.56% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.12% |
| Mar 31, 2026 | 0.77% |
| Dec 31, 2025 | 53.28% |
| Sep 30, 2025 | 3.71% |
| Jun 30, 2025 | 10.63% |
| Mar 31, 2025 | 8.14% |
| Dec 31, 2024 | 0.00% |
| Sep 30, 2024 | -1.32% |
| Jun 30, 2024 | -22.41% |
| Mar 31, 2024 | -10.42% |
| Dec 31, 2023 | 55.29% |
| Sep 30, 2023 | -9.72% |
| Jun 30, 2023 | 21.25% |
| Mar 31, 2023 | 6.19% |
| Dec 31, 2022 | 0.00% |
| Sep 30, 2022 | 17.06% |
| Jun 30, 2022 | -4.80% |
| Mar 31, 2022 | 3.36% |
| Dec 31, 2021 | 33.15% |
| Sep 30, 2021 | -15.13% |