Xp (XP) Operating Expenses (2018 - 2026)
Xp (XP) posted quarterly Operating Expenses of -$311.8 million for Q1 2026, down 126166716.9% year-over-year from N/an in Q1 2025, and down 157.94% quarter-over-quarter from $538.1 million in Q4 2025.
Xp (XP) Operating Expenses (2018 - 2026) Analysis & Trends
Xp's Operating Expenses history runs 9 years deep, the most recent figure standing at -$311.8 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 126166716.9% year-over-year to -$311.8 million; the TTM figure through Mar 2026 stood at -$83.0 million (down 106.98% YoY), while the FY2025 annual figure was $1.0 billion, up 16.31% from the prior year.
- Operating Expenses for Q1 2026 stood at -$311.8 million, down from $538.1 million in the prior quarter.
- The five-year high for Operating Expenses was $1.5 billion in Q4 2023, with the low at -$316.4 million in Q3 2023.
- The 5-year median for Operating Expenses is -$280.03 (2024), against an average of $172.0 million.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses soared 122.18% in 2022, then slumped 126166716.9% in 2026.
- Xp's Operating Expenses stood at $1.5 billion in 2022, then climbed by 4.59% to $1.5 billion in 2023, then dropped by 4.6% to $1.5 billion in 2024, then sank by 63.45% to $538.1 million in 2025, then plunged by 157.94% to -$311.8 million in 2026.
- Business Quant data shows XP's Operating Expenses at -$311.8 million in Q1 2026, $538.1 million in Q4 2025, and -$309.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 734.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 81.75 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 381.00 Mn |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 4.67 Bn |
| 10 | Xp | 8.80 Bn | 8.80 Bn | 353.79 | -311.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -311.77 Mn |
| Dec 31, 2025 | 538.11 Mn |
| Sep 30, 2025 | -309.34 Mn |
| Jun 30, 2025 | -277.68 |
| Mar 31, 2025 | -247.11 |
| Dec 31, 2024 | 1.47 Bn |
| Sep 30, 2024 | -282.22 Mn |
| Jun 30, 2024 | -280.03 |
| Mar 31, 2024 | -293.57 Mn |
| Dec 31, 2023 | 1.54 Bn |
| Sep 30, 2023 | -316.44 Mn |
| Jun 30, 2023 | -257.65 |
| Mar 31, 2023 | -173.60 Mn |
| Dec 31, 2022 | 1.48 Bn |
| Sep 30, 2022 | -245.64 Mn |
| Jun 30, 2022 | 41.55 Mn |
| Mar 31, 2022 | -213.80 Mn |
| Dec 31, 2021 | 1.10 Bn |
| Sep 30, 2021 | -213.43 Mn |
| Jun 30, 2021 | -187.34 Mn |