Xp XP
NASDAQ XP
$19.86 -0.11 (-0.55%)
At close: Sep 11, 2026 · 4:00 PM EDT

Xp (XP) Operating Expenses (2018 - 2026)

Xp (XP) posted Operating Expenses of -$336.6 million for Q2 2026, down 7.94% on a QoQ basis from -$311.8 million in Q1 2026, and down 21.17% year-over-year from -$427.0 million in Q2 2025.

Analysis

Xp (XP) Operating Expenses (2018 - 2026) Analysis & Trends

Xp has reported Operating Expenses for 9 years, with the latest figure at -$336.6 million in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 21.17% year-over-year to -$336.6 million in Q2 2026; TTM through Jun 2026 was -$1.3 billion, a 78.19% decrease from a year earlier, with the FY2025 full-year figure at -$978.7 million, down 3.59% from the prior year.
  • Operating Expenses was -$336.6 million for Q2 2026 at Xp, down from -$311.8 million in the prior quarter.
  • The five-year high for Operating Expenses was $1.4 billion in Q4 2023, with the low at -$336.6 million in Q2 2026.
  • Average Operating Expenses over 5 years is -$33.7 million, with a median of -$258.9 million recorded in 2022.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 299.56% in 2024, then slumped 979.34% in 2025.
  • Over 5 years, Operating Expenses stood at $1.4 billion in 2022, then advanced by 3.57% to $1.4 billion in 2023, then slumped by 97.42% to $36.1 million in 2024, then sank by 979.34% to -$317.5 million in 2025, then retreated by 5.99% to -$336.6 million in 2026.
  • The last three Operating Expenses figures came in at -$336.6 million (Q2 2026), -$311.8 million (Q1 2026), and -$317.5 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Robinhood Markets 101.20 Bn 83.88 Bn 1.20 Bn 734.00 Mn
2 Interactive Brokers 41.17 Bn -6.79 Bn - 440.00 Mn
3 LPL Financial Holdings 27.86 Bn 25.16 Bn - 4.67 Bn
4 Futu Holdings 15.80 Bn -3.84 Bn 792.50 Mn -223.32 Mn
5 UP Fintech Holding 12.81 Bn 12.81 Bn - -103.94 Mn
6 Xp 10.32 Bn 5.47 Bn 105.39 Mn -336.56 Mn
7 Webull 4.83 Bn 2.90 Bn 85.87 Mn 153.38 Mn
8 eToro 2.53 Bn 1.57 Bn 63.50 Mn 93.85 Mn
9 Solowin Holdings 402.47 Mn 383.36 Mn - -
10 TOP Financial 127.44 Mn 82.47 Mn - 1.46 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -336.56 Mn
Mar 31, 2026 -311.80 Mn
Dec 31, 2025 -317.55 Mn
Sep 30, 2025 -309.26 Mn
Jun 30, 2025 -277.75 Mn
Mar 31, 2025 -191.75 Mn
Dec 31, 2024 36.11 Mn
Sep 30, 2024 -282.22 Mn
Jun 30, 2024 -280.02 Mn
Mar 31, 2024 346.44 Mn
Dec 31, 2023 1.40 Bn
Sep 30, 2023 -316.40 Mn
Jun 30, 2023 -257.64 Mn
Mar 31, 2023 -173.60 Mn
Dec 31, 2022 1.35 Bn
Sep 30, 2022 -214.92 Mn
Jun 30, 2022 -260.09 Mn
Mar 31, 2022 -213.80 Mn
Dec 31, 2021 1.02 Bn
Sep 30, 2021 -213.43 Mn