Xp (XP) Price to Book (2019 - 2025)
Xp's Price to Book was 1.95 in Q4 2025, up 5.1% from 1.85 a year earlier but down 16.5% from the prior quarter.
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Analysis
Xp (XP) Price to Book (2019 - 2025) Analysis & Trends
For FY2025, Price to Book at Xp came in at 2.02, up 18.0% from FY2024.
- In earlier years, Price to Book was 1.71 in FY2024 (-53.1%), 3.65 in FY2023 (+37.4%), 2.65 in FY2022 (-57.3%) and 6.22 in FY2021 (-87.6%).
- Quarterly Price to Book has moved between 1.85 (Q4 2024) and 46.85 (Q2 2021) over five years.
- Compared with a year earlier, Price to Book was higher in three of the last eight quarters, with an average decline of 12.5%.
- The best year-over-year quarter for Price to Book over five years was Q1 2024 (growth of 68.4%); the worst was Q2 2022 (a decline of 93.5%).
- Per Business Quant data, XP's Price to Book in the three quarters before Q4 2025 was 2.33 (Q3 2025), 2.77 (Q2 2025) and 2.07 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn |
| 10 | Xp | 11.18 Bn | -146.56 Bn | 105.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 1.95 |
| Sep 30, 2025 | 2.33 |
| Jun 30, 2025 | 2.77 |
| Mar 31, 2025 | 2.07 |
| Dec 31, 2024 | 1.85 |
| Sep 30, 2024 | 2.56 |
| Jun 30, 2024 | 2.52 |
| Mar 31, 2024 | 3.41 |
| Dec 31, 2023 | 15.94 |
| Sep 30, 2023 | 3.15 |
| Jun 30, 2023 | 3.53 |
| Mar 31, 2023 | 2.03 |
| Dec 31, 2022 | 11.92 |
| Sep 30, 2022 | 3.19 |
| Jun 30, 2022 | 3.02 |
| Mar 31, 2022 | 5.66 |
| Dec 31, 2021 | 29.48 |
| Sep 30, 2021 | 39.81 |
| Jun 30, 2021 | 46.85 |
| Mar 31, 2021 | 45.42 |
API Access
Xp Price to Book 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=price-to-book&ticker=XP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=XP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();