Xp reported cash from operations of $0.89B and free cash flow of $0.90B for the quarter ended Mar 2026, up 298.2% year over year. This cash flow statement covers 30 quarters of results from Dec 2018 through Mar 2026, standardized by Business Quant from the company’s SEC filings.
| Cash Flow Statement | Dec2018 | Mar2019 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | 0.20B | 0.17B | 0.20B | 0.16B | 167.76 | 0.19B | 131.92 | 0.16B | 0.19B | 0.01B | 191.90 | 0.23B | 0.05B | 0.00B | 244.69 | 0.22B | 232.10 | 0.24B | 332.57 | 0.26B | ||||||||||
| Depreciation and DepletionDep. & Depletion | 0.00B | 0.00B | 0.00B | 0.01B | 0.01B | 0.00B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | ||||||||||
| Share-based CompensationStock Comp. | 31.09 | 0.02B | 0.03B | 0.03B | 4.29 | 0.03B | 0.02B | 0.01B | 0.02B | 0.03B | 0.02B | 0.03B | 0.01B | 0.03B | 0.01B | 0.02B | 0.02B | 0.02B | -0.00B | 0.02B | ||||||||||
| Gains from Equity InvestmentsGains Equity | -0.00B | -0.05B | -0.02B | 0.01B | -0.01B | 0.05B | -0.00B | 0.02B | 0.06B | -0.04B | 0.07B | -0.03B | -0.09B | -0.00B | -0.09B | 0.02B | 0.04B | 0.01B | -0.01B | 0.00B | ||||||||||
| Gains from Investment SecuritiesGains Investment | -0.02B | -0.00B | 0.02B | |||||||||||||||||||||||||||
| Asset Writedowns and ImpairmentWritedown | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | -0.00B | 0.01B | 0.00B | 0.00B | 0.01B | 0.06B | 0.00B | 0.01B | 0.00B | 0.04B | 0.00B | 0.00B | -0.00B | 0.01B | |||||||||||
| Non-cash ItemsNon-Cash Items | 0.05B | 0.27B | 0.28B | |||||||||||||||||||||||||||
| Change in Working CapitalChange Working Cap. | 0.16B | -0.15B | 0.01B | -1.32B | -2.10B | -1.02B | -1.10B | 0.52B | -2.14B | -0.57B | -0.42B | -1.76B | -0.48B | 2.50B | -10.64B | -2.54B | -2.74B | 7.58B | -9.67B | 0.78B | ||||||||||
| Change in ReceivablesChange Receivables | -0.00B | 0.01B | -0.02B | 0.02B | -0.06B | 0.01B | -0.00B | -0.00B | -0.01B | 0.02B | -0.02B | 0.01B | -0.01B | -0.05B | 0.03B | -0.03B | -0.02B | -0.03B | -0.04B | 0.04B | ||||||||||
| Change in Account PayablesChange Payables | 0.07B | -0.07B | -0.02B | -0.08B | 0.00B | 0.01B | 0.01B | -0.01B | 0.01B | -0.01B | 0.07B | 0.00B | -0.06B | 0.03B | -0.01B | 0.02B | -0.03B | 0.00B | 0.01B | 0.02B | ||||||||||
| Change in TaxesChange Taxes | -0.01B | -0.03B | -0.05B | -0.05B | -0.01B | -0.01B | -0.00B | -0.03B | -0.01B | -0.03B | -0.01B | -0.05B | -0.02B | -0.02B | -0.01B | -0.02B | -0.01B | -0.01B | -0.01B | -0.06B | ||||||||||
| Other Working Capital ChangesOther WC Changes | -0.21B | -0.10B | -0.10B | 0.00B | -0.02B | -0.02B | -0.01B | -0.00B | -0.00B | 0.01B | -0.00B | -0.01B | 0.01B | -0.01B | 0.02B | 0.00B | 0.03B | 0.01B | 0.01B | -0.09B | ||||||||||
| Cash from OperationsCash from Ops. | -98.54 | -0.59B | 0.27B | 0.26B | -30.00 | -0.03B | 0.31B | 0.66B | 0.36B | -0.25B | 0.83B | -0.68B | 1.16B | 0.85B | 0.66B | -0.45B | 0.84B | 2.26B | -0.29B | 0.89B | ||||||||||
| Depreciation, Depletion & Amortization | ||||||||||||||||||||||||||||||
| Amortizatization of IntangiblesAmort. of Intangibles | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.00B | 0.00B | 0.00B | 0.00B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.00B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | ||||||||||
| Depreciation & Amortization (CF)Dep. & Amort. | 0.00B | 0.00B | 0.00B | 0.01B | 0.01B | 0.00B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | ||||||||||
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital ExpendituresCapex | -0.01B | -0.01B | 0.04B | -0.00B | -0.00B | -0.00B | 0.01B | -0.00B | -0.00B | -0.01B | 0.03B | -0.01B | -0.01B | -0.01B | 0.05B | -0.00B | -0.01B | -0.02B | 0.07B | -0.01B | ||||||||||
| Change in IntangiblesChange Intangibless | -0.02B | -0.00B | -0.00B | -0.00B | -0.00B | -0.00B | -0.01B | -0.00B | -0.01B | -0.03B | 0.01B | -0.00B | -0.01B | -0.01B | -0.01B | -0.01B | -0.01B | -0.01B | -0.02B | -0.03B | ||||||||||
| Acquisitions | -0.06B | 0.30B | -0.06B | 0.62B | 0.00B | -0.12B | 0.18B | 0.59B | -0.03B | 0.19B | 0.02B | 0.80B | 0.32B | -0.18B | 0.17B | 1.40B | 0.68B | 0.06B | -0.38B | 1.67B | ||||||||||
| Change in Acquisitions & DivestmentsChange Acquisitions | 0.12B | -0.24B | -0.51B | 0.24B | -0.24B | 0.32B | -0.28B | 0.79B | -0.10B | -0.39B | -0.33B | 0.01B | -0.00B | 0.01B | -0.00B | 0.01B | -0.00B | 0.02B | 0.02B | |||||||||||
| Cash from Investing ActivitiesCash from Investing | -185.02 | -0.15B | -0.18B | -0.02B | -63.06 | -0.01B | -0.01B | 0.00B | -0.01B | 0.12B | -0.00B | -0.15B | -0.11B | -0.05B | -0.02B | -0.03B | -0.02B | -0.06B | -0.03B | -0.06B | ||||||||||
| Financing Activities | ||||||||||||||||||||||||||||||
| Other financing activitiesOther financing | 0.18B | -0.36B | 0.34B | -0.19B | 0.12B | -0.37B | 0.15B | 0.14B | 0.21B | -0.50B | 0.48B | 0.13B | -0.46B | -0.09B | -0.87B | 0.44B | 0.46B | -0.07B | -0.35B | -0.36B | ||||||||||
| Cash from Financing ActivitiesCash from Financing | 354.96 | 0.88B | -0.02B | -0.00B | -86.53 | 0.30B | -0.25B | -0.16B | -0.36B | -0.04B | -0.32B | -0.01B | -0.48B | -0.20B | -0.37B | 0.03B | -0.13B | -0.29B | -0.51B | 0.01B | ||||||||||
| Debt Issuance and Repayment | ||||||||||||||||||||||||||||||
| Net Debt Issuances and RepaymentsNet Debt Issuance | 354.96 | 0.84B | -0.02B | -7.85 | -141.03 | -0.16B | -0.01B | |||||||||||||||||||||||
| Dividend Payments | ||||||||||||||||||||||||||||||
| Dividends Paid - CommonDiv. Paid (Common) | 606.10 | 0.00B | -0.00B | 721.67 | -0.00B | 0.00B | -0.00B | -0.00B | -0.32B | 1.03B | -0.00B | -0.00B | -0.00B | 0.35B | -0.00B | -0.00B | -0.00B | 0.09B | -0.00B | |||||||||||
| Additional items | ||||||||||||||||||||||||||||||
| Exchange Rate EffectFX Effect | -0.38 | -0.03B | -0.04B | -0.01B | 3.27 | 0.01B | -0.01B | -0.00B | -0.00B | 0.00B | -0.00B | 0.00B | 0.00B | 0.01B | -0.02B | -0.10B | 0.10B | -0.00B | -0.01B | -0.05B | ||||||||||
| Change in Cash | 71.41 | 0.11B | 0.06B | 0.18B | -234.09 | 0.25B | 0.02B | 0.51B | -0.01B | -0.18B | 0.51B | -0.83B | 0.58B | -0.19B | 1.01B | -0.45B | 0.69B | 1.91B | -0.98B | 0.84B | ||||||||||
| Beginning Cash Balance | 535.08 | 717.92 | 952.49 | |||||||||||||||||||||||||||
| Free Cash FlowFCF | 0.01B | -0.58B | 0.22B | 0.26B | 0.00B | -0.02B | 0.29B | 0.66B | 0.36B | -0.24B | 0.81B | -0.67B | 1.16B | 0.86B | 0.61B | -0.45B | 0.85B | 2.28B | -0.35B | 0.90B | ||||||||||
| Net Cash FlowNCF | 71.41 | 0.14B | 0.06B | 0.23B | -179.60 | 0.26B | 0.04B | 0.51B | -0.01B | -0.18B | 0.51B | -0.83B | 0.58B | 0.59B | 0.27B | -0.45B | 0.69B | 1.91B | -0.82B | 0.84B |