Xp (XP) Return on Invested Capital [ROIC] (2019 - 2025)
Xp (XP) posted Return on Invested Capital [ROIC] of 26.79% for Q4 2025, up 14.08 percentage points from 12.71% a year earlier but down 13.40 percentage points from the prior quarter.
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Analysis
Xp (XP) Return on Invested Capital [ROIC] (2019 - 2025) Analysis & Trends
For FY2025, Xp's Return on Invested Capital [ROIC] came in at 33.13%, down 40.10 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +24.20 percentage points (FY2020 to FY2025).
- In prior years, Xp's Return on Invested Capital [ROIC] was 73.23% in FY2024 (+15.20 pp), 58.03% in FY2023 (+36.55 pp), 21.48% in FY2022 (-6.46 pp) and 27.94% in FY2021 (+19.01 pp).
- Quarterly Return on Invested Capital [ROIC] has run from a low of -7.42% in Q1 2023 to a high of 61.92% in Q1 2025 over five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased in each of the last four quarters, with an average year-over-year change of +19.83 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q1 2024, with a gain of 35.82 percentage points; the weakest was Q1 2023, with a drop of 28.17 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 40.19% (Q3 2025), 47.32% (Q2 2025) and 61.92% (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | - |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | 44.74% |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | 11.27% |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | 8.46% |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | 9.98% |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | - |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | 41.23% |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | 31.71% |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | 18.08% |
| 10 | Xp | 11.18 Bn | -146.56 Bn | 105.39 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 26.79% |
| Sep 30, 2025 | 40.19% |
| Jun 30, 2025 | 47.32% |
| Mar 31, 2025 | 61.92% |
| Dec 31, 2024 | 12.71% |
| Sep 30, 2024 | 6.84% |
| Jun 30, 2024 | 18.59% |
| Mar 31, 2024 | 28.40% |
| Dec 31, 2023 | 27.14% |
| Sep 30, 2023 | -1.00% |
| Jun 30, 2023 | -1.13% |
| Mar 31, 2023 | -7.42% |
| Dec 31, 2022 | 4.62% |
| Sep 30, 2022 | 14.91% |
| Jun 30, 2022 | 14.18% |
| Mar 31, 2022 | 20.75% |
| Dec 31, 2021 | 17.96% |
| Sep 30, 2021 | 34.82% |
| Jun 30, 2021 | 11.10% |
| Mar 31, 2021 | 14.56% |
API Access
Xp Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=XP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=XP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();