Xp (XP) Tax Rate (2018 - 2026)
Xp (XP) posted Tax Rate of 8.63% for Q2 2026, down 346.18% on a QoQ basis from 1.94% in Q1 2026, and down 890.0% year-over-year from 1.09% in Q2 2025.
Powered by 
Analysis
Xp (XP) Tax Rate (2018 - 2026) Analysis & Trends
Xp has reported Tax Rate for 9 years, with the latest figure at 8.63% in Q2 2026.
- On a quarterly basis, Tax Rate fell 890.0% year-over-year to 8.63% in Q2 2026; TTM through Jun 2026 was 7.22%, a 392.0% decrease from a year earlier, with the FY2025 full-year figure at 5.13%, up 432.0% from the prior year.
- Tax Rate was 8.63% for Q2 2026 at Xp, down from 1.94% in the prior quarter.
- The five-year high for Tax Rate was 5.96% in Q4 2022, with the low at 19.2% in Q2 2024.
- Average Tax Rate over 5 years is 3.09%, with a median of 2.11% recorded in 2025.
- The sharpest annual moves came in 2022 and 2024: Tax Rate surged 5658 bps in 2022, then plunged 2015 bps in 2024.
- Over 5 years, Tax Rate stood at 5.96% in 2022, then fell by 24 bps to 4.52% in 2023, then plunged by 306 bps to 9.3% in 2024, then plunged by 79 bps to 16.66% in 2025, then jumped by 48 bps to 8.63% in 2026.
- The last three Tax Rate figures came in at 8.63% (Q2 2026), 1.94% (Q1 2026), and 16.66% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn | 19.18% |
| 2 | Interactive Brokers | 41.17 Bn | -6.79 Bn | - | 8.10% |
| 3 | LPL Financial Holdings | 27.86 Bn | 25.16 Bn | - | 26.43% |
| 4 | Futu Holdings | 15.80 Bn | -3.84 Bn | 792.50 Mn | -16.34% |
| 5 | UP Fintech Holding | 12.81 Bn | 12.81 Bn | - | -27.60% |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn | -8.63% |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn | 29.82% |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn | 15.78% |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - | 70.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.63% |
| Mar 31, 2026 | -1.94% |
| Dec 31, 2025 | -16.66% |
| Jun 30, 2025 | 0.27% |
| Mar 31, 2025 | -2.11% |
| Dec 31, 2024 | -9.30% |
| Sep 30, 2024 | -2.13% |
| Jun 30, 2024 | -19.20% |
| Mar 31, 2024 | -5.41% |
| Dec 31, 2023 | 4.52% |
| Sep 30, 2023 | -6.14% |
| Jun 30, 2023 | 0.95% |
| Mar 31, 2023 | -2.45% |
| Dec 31, 2022 | 5.96% |
| Sep 30, 2022 | 4.88% |
| Jun 30, 2022 | 5.19% |
| Mar 31, 2022 | -0.26% |
| Dec 31, 2021 | -50.62% |
| Sep 30, 2021 | 3.13% |
| Jun 30, 2021 | -7.10% |