Xp (XP) Operating Expenses (2018 - 2026)
Xp's Operating Expenses was -$336.56 million in Q2 2026, compared with -$277.75 million a year earlier.
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Analysis
Xp (XP) Operating Expenses (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Xp's Operating Expenses was -$1.28 billion through Jun 30, 2026; for FY2025, it was -$978.72 million.
- In earlier years, Operating Expenses was -$944.84 million in FY2024, -$888.57 million in FY2023, -$735.85 million in FY2022 and $614.96 million in FY2021 (+25.5%).
- The Q2 2026 figure marks the lowest quarterly Operating Expenses in data going back to Q4 2018.
- Per Business Quant data, XP's Operating Expenses in the three quarters before Q2 2026 was -$311.8 million (Q1 2026), -$317.55 million (Q4 2025) and -$309.26 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | 734.00 Mn |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | 3.44 Bn |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | 599.10 Mn |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | 1.28 Bn |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | 788.00 Mn |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | 2.66 Bn |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | 440.00 Mn |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | 1.64 Bn |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | 255.60 Mn |
| 10 | Xp | 11.18 Bn | -146.56 Bn | 105.39 Mn | -336.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 | -247.20 Mn |
| Dec 31, 2024 | -234.76 Mn |
| Sep 30, 2024 | -282.22 Mn |
| Jun 30, 2024 | -280.02 Mn |
| Mar 31, 2024 | -293.57 Mn |
| Dec 31, 2023 | 1.13 Bn |
| Sep 30, 2023 | -316.40 Mn |
| Jun 30, 2023 | -257.64 Mn |
| Mar 31, 2023 | -210.68 Mn |
| Dec 31, 2022 | 1.10 Bn |
| Sep 30, 2022 | -286.85 Mn |
| Jun 30, 2022 | -301.65 Mn |
| Mar 31, 2022 | -240.90 Mn |
| Dec 31, 2021 | 856.57 Mn |
| Sep 30, 2021 | -242.91 Mn |
API Access
Xp Operating Expenses 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=operating-expenses&ticker=XP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=XP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();