Xp (XP) Operating Expenses (2018 - 2026)
Xp (XP) posted Operating Expenses of -$311.8 million for Q1 2026, down 26.12% on a QoQ basis from -$247.2 million in Q1 2025, and down 26.12% year-over-year from -$422.0 million in Q1 2025.
Xp (XP) has 2 years of Operating Expenses data on file, last reported at -$311.8 million in Q1 2026.
- In Q1 2026, Operating Expenses fell 26.12% year-over-year to -$311.8 million; the TTM figure through Mar 2026 stood at -$559.0 million (down 126.12% YoY), while the FY2025 annual figure was $1.0 billion, up 7.25% from the prior year.
- Operating Expenses retreated to -$311.8 million in Q1 2026, from -$247.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$247.2 million in Q1 2025 and bottomed at -$311.8 million in Q1 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 13.47 Bn |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 10.43 Bn |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 3.29 Bn |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 656.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 381.00 Mn |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 242.35 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 4.45 Bn |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 81.75 Mn |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 330.51 Mn |
| 10 | Xp | 88,074.92 | -11.23 Bn | 614.12 Mn | -311.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -311.77 Mn |
| Dec 31, 2025 | -317.67 Mn |
| Sep 30, 2025 | -230.52 Bn |
| Jun 30, 2025 | -215.32 Bn |
| Mar 31, 2025 | -226.46 Bn |
| Dec 31, 2024 | 299.04 Mn |
| Sep 30, 2024 | -220.91 Bn |
| Jun 30, 2024 | -245.02 Bn |
| Mar 31, 2024 | -293.57 Mn |
| Dec 31, 2023 | 1.40 Bn |
| Sep 30, 2023 | -316.44 Mn |
| Jun 30, 2023 | -257.64 Mn |
| Mar 31, 2023 | -173.60 Mn |
| Dec 31, 2022 | 1.35 Bn |
| Sep 30, 2022 | -245.64 Mn |
| Jun 30, 2022 | -260.04 Mn |
| Mar 31, 2022 | -213.80 Mn |
| Dec 31, 2021 | 1.02 Bn |
| Sep 30, 2021 | -213.43 Mn |
| Jun 30, 2021 | -187.34 Mn |
| Mar 31, 2021 | -153.18 Mn |
| Dec 31, 2020 | 132.57 Mn |
| Sep 30, 2020 | -124.53 |
| Jun 30, 2020 | -129.01 Mn |
| Mar 31, 2020 | -131.09 Mn |
| Dec 31, 2019 | 588.76 Mn |
| Sep 30, 2019 | -121.65 Mn |
| Jun 30, 2019 | -113.39 Mn |
| Mar 31, 2019 | -97.90 Mn |
| Dec 31, 2018 | 420.43 Mn |