Xp (XP) Research & Development (2018 - 2025)

Xp's Research & Development history runs 8 years deep, the most recent figure standing at $189.7 million for Q4 2025.

• In Q4 2025, Research & Development rose 27.03% year-over-year to $189.7 million; the TTM figure through Dec 2025 stood at $518.5 million (up 12.92% YoY), while the FY2025 annual figure was $189.7 million, up 27.03% from the prior year.
• Research & Development for Q4 2025 stood at $189.7 million, up from $149.4 million in the prior quarter.
• The five-year high for Research & Development was $189.7 million in Q4 2025, with the low at $18.1 million in Q1 2021.
• The 5-year median for Research & Development is $33.3 million (2022), against an average of $73.8 million.
• The sharpest annual moves came in 2022 and 2024: Research & Development surged 73.5% in 2022, then declined 0.05% in 2024.
• Xp's Research & Development stood at $80.8 million in 2021, then surged by 61.33% to $130.4 million in 2022, then rose by 14.61% to $149.4 million in 2023, then slipped by 0.05% to $149.4 million in 2024, then climbed by 27.03% to $189.7 million in 2025.
• Business Quant data shows XP's Research & Development at $189.7 million in Q4 2025, $149.4 million in Q4 2024, and $149.4 million in Q4 2023.