Xp (XP) Return on Equity [ROE] (2019 - 2025)
Xp's Return on Equity [ROE] was 23.62% in Q4 2025, down 4.24 percentage points from 27.87% a year earlier but up 0.88 percentage points from the prior quarter.
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Analysis
Xp (XP) Return on Equity [ROE] (2019 - 2025) Analysis & Trends
For FY2025, Return on Equity [ROE] at Xp came in at 23.27%, up 1.30 percentage points from FY2024.
- Return on Equity [ROE] shows a five-year change of +2.75 percentage points (FY2020 to FY2025).
- In earlier years, Return on Equity [ROE] was 21.97% in FY2024 (-0.01 pp), 21.98% in FY2023 (-1.39 pp), 23.37% in FY2022 (-4.61 pp) and 27.98% in FY2021 (+7.46 pp).
- Quarterly Return on Equity [ROE] has moved between 18.86% (Q3 2023) and 44.95% (Q4 2021) over five years.
- Compared with a year earlier, Return on Equity [ROE] was higher in five of the last eight quarters, with an average year-over-year change of +0.90 percentage points.
- The best year-over-year quarter for Return on Equity [ROE] over five years was Q1 2022 (a gain of 6.53 percentage points); the worst was Q1 2021 (a drop of 15.68 percentage points).
- Per Business Quant data, XP's Return on Equity [ROE] in the three quarters before Q4 2025 was 22.74% (Q3 2025), 24.46% (Q2 2025) and 28.55% (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | 21.63% |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | 14.03% |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | 16.14% |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | 13.86% |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | 16.37% |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | - |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | 22.51% |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | 16.99% |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | 24.60% |
| 10 | Xp | 11.18 Bn | -146.56 Bn | 105.39 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 23.62% |
| Sep 30, 2025 | 22.74% |
| Jun 30, 2025 | 24.46% |
| Mar 31, 2025 | 28.55% |
| Dec 31, 2024 | 27.87% |
| Sep 30, 2024 | 18.92% |
| Jun 30, 2024 | 18.96% |
| Mar 31, 2024 | 25.14% |
| Dec 31, 2023 | 22.43% |
| Sep 30, 2023 | 18.86% |
| Jun 30, 2023 | 18.98% |
| Mar 31, 2023 | 31.93% |
| Dec 31, 2022 | 31.68% |
| Sep 30, 2022 | 20.66% |
| Jun 30, 2022 | 21.53% |
| Mar 31, 2022 | 40.51% |
| Dec 31, 2021 | 44.95% |
| Sep 30, 2021 | 21.63% |
| Jun 30, 2021 | 22.32% |
| Mar 31, 2021 | 33.98% |
API Access
Xp Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=XP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=XP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();