Xp reported a gross margin of 27.10% and a net margin of -0.12% for the quarter ended Jun 2026. These financial ratios cover 31 quarters of results from Dec 2018 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | 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 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||||||||||
| Gross Margin | 143.31% | 70.84% | 176.37% | 158.98% | 167.81% | 0.00% | 0.00% | 26.34% | 0.00% | 390.59% | 0.00% | 36.55% | 151.51% | 459.52% | 0.00% | 26.47% | 33.44% | 39.56% | 25.36% | 27.10% | |||||||||||
| EBT Margin | 57.15% | 9.28% | 67.71% | 55.83% | 63.08% | 47.16% | 60.62% | 65.26% | 63.50% | 52.90% | 67.03% | 71.01% | 62.48% | 68.04% | 76.53% | 73.44% | 63.68% | 63.20% | 69.54% | 76.96% | |||||||||||
| EBIT Margin | 59.98% | 32.78% | 72.65% | 60.85% | 71.17% | 56.61% | 71.32% | 112.39% | 84.74% | 21.84% | -105.50% | 111.27% | 232.16% | 448.54% | 68.10% | 114.10% | 114.07% | 109.95% | 110.30% | 113.62% | |||||||||||
| EBITDA Margin | 63.25% | 11.51% | 94.15% | 64.46% | 73.99% | 56.61% | 71.32% | 112.39% | 84.74% | 21.84% | -105.50% | 111.27% | 232.16% | 448.54% | 68.10% | 114.10% | 114.07% | 109.95% | 110.30% | 113.62% | |||||||||||
| Operating Margin | 59.98% | 32.78% | 72.65% | 60.85% | 71.17% | 56.61% | 71.32% | 112.39% | 84.74% | 21.84% | -105.50% | 111.27% | 232.16% | 448.54% | 68.10% | 114.10% | 114.07% | 109.95% | 110.30% | 113.62% | |||||||||||
| Net Margin | -15.13% | 33.15% | 3.36% | -4.80% | 17.06% | 0.00% | 6.19% | 21.25% | -9.72% | 55.29% | -10.42% | -22.41% | -1.32% | 0.00% | 8.14% | 10.63% | 3.71% | 53.28% | 0.77% | -0.12% | |||||||||||
| FCF Margin | -189.83% | 12.49% | 87.87% | 0.78% | -11.99% | 97.56% | 254.82% | 121.08% | -63.66% | 219.45% | -204.04% | 310.30% | 244.45% | 201.21% | -158.42% | 267.45% | 593.15% | -95.74% | 245.46% | -59.09% | |||||||||||
| Efficiency | |||||||||||||||||||||||||||||||
| Assets AverageAssets Avg. | 23.20B | 24.93B | 28.09B | 32.98B | 35.10B | 35.98B | 36.97B | 42.02B | 47.22B | 49.07B | 53.36B | 56.78B | 57.10B | 58.42B | 59.76B | 62.88B | 69.68B | 73.43B | 76.14B | 79.67B | |||||||||||
| Invested CapitalInvested Cap. | 4.10B | 4.31B | 4.84B | 5.57B | 5.54B | 5.79B | 5.90B | 14.00B | 7.25B | 11.85B | 7.59B | 7.25B | 15.64B | 13.16B | 6.49B | 6.90B | 7.00B | 13.66B | 7.06B | 7.73B | |||||||||||
| Asset Utilization RatioAsset Util. | 0.05 | 0.12 | 0.11 | 0.09 | 0.09 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | |||||||||||
| Leverage & Solvency | |||||||||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | -19.40 | 73.86 | -19.10 | -12.27 | -8.70 | 12.41 | -5.89 | -10.93 | -11.44 | 6.27 | -50.95 | -10.64 | -22.70 | -43.76 | -6.34 | -11.64 | -16.79 | -20.57 | -20.69 | -19.24 | |||||||||||
| Debt Ratio | 0.06 | 0.07 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 | 0.22 | 0.07 | 0.16 | 0.06 | 0.06 | 0.21 | 0.16 | 0.05 | 0.04 | 0.04 | 0.13 | 0.03 | 0.04 | |||||||||||
| Times Interest Earned | -19.40 | 73.86 | -19.10 | -12.27 | -8.70 | 12.41 | -5.89 | -10.93 | -11.44 | 6.27 | -50.95 | -10.64 | -22.70 | -43.76 | -6.34 | -11.64 | -16.79 | -20.57 | -20.69 | -19.24 | |||||||||||
| Dividends & Payouts | |||||||||||||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | 0.00B | -70.46 | 102.19 | -703.36 | 0.00 | -272.09 | -535.94 | 0.11 | -0.53 | 0.00B | 896.54 | 65.19 | 0.00 | -746.20 | -0.00B | -541.59 | -2.62 | -302.80 | |||||||||||||
| FCF Payout RatioFCF Cover | 0.00 | 0.00 | -0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 1.36 | -0.48 | 0.00 | 0.00 | 0.00 | -0.53 | 0.00 | 0.00 | 0.00 | 0.21 | 0.00 | |||||||||||||
| Dividend YieldDiv. Yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -2.50% | -2.77% | 0.00% | 0.00% | 0.00% | -5.48% | 0.00% | 0.00% | 0.00% | -1.08% | 0.00% | |||||||||||||
| Payout Ratio | 0.00 | -0.01 | 0.01 | 0.00 | 420.12 | 0.00 | 0.00 | 8.90 | -1.89 | 0.00 | 0.00 | 0.02 | -0.00B | 0.00 | 0.00 | 0.00 | -0.38 | 0.00 | |||||||||||||
| Valuation | |||||||||||||||||||||||||||||||
| Price to EarningsP/E | -0.00B | 22.41 | 0.00B | -660.08 | 209.60 | 0.01B | 414.96 | 206.65 | -356.05 | 68.19 | -411.97 | -115.11 | -0.00B | 0.03B | 323.81 | 323.70 | 713.58 | 35.41 | 0.00B | -0.00B | |||||||||||
| Price to SalesP/S | 336.54 | 7.43 | 69.59 | 31.71 | 35.76 | 28.90 | 25.67 | 43.92 | 34.60 | 37.70 | 42.94 | 25.79 | 28.17 | 19.44 | 26.36 | 34.40 | 26.44 | 18.87 | 26.97 | 21.73 | |||||||||||
| Price to BookP/B | 39.82 | 6.22 | 5.66 | 3.02 | 3.19 | 2.66 | 2.03 | 3.53 | 3.15 | 3.65 | 3.41 | 2.52 | 2.56 | 1.85 | 2.07 | 2.77 | 2.34 | 1.95 | 2.11 | 1.72 | |||||||||||
| Enterprise Value | 102.27B | 15.53B | 16.05B | 9.68B | 9.74B | 7.61B | 5.58B | 11.02B | 10.86B | 13.62B | 12.27B | 7.16B | 6.64B | -49.91B | 4.56B | 7.16B | 4.24B | 3.45B | 3.83B | 3.60B | |||||||||||
| EV to EBIT | 559.80 | 21.88 | 91.28 | 50.19 | 45.99 | 45.17 | 30.21 | 32.75 | 34.33 | 164.07 | -35.41 | 17.16 | 8.17 | -33.82 | 23.80 | 19.80 | 9.69 | 6.96 | 9.46 | 8.15 | |||||||||||
| EV to EBITDA | 530.83 | 62.32 | 70.43 | 47.38 | 44.24 | 45.17 | 30.21 | 32.75 | 34.33 | 164.07 | -35.41 | 17.16 | 8.17 | -33.82 | 23.80 | 19.80 | 9.69 | 6.96 | 9.46 | 8.15 | |||||||||||
| Market Capitalization | 102.51B | 16.08B | 16.84B | 10.05B | 10.64B | 8.60B | 6.65B | 13.15B | 12.92B | 14.33B | 14.10B | 9.67B | 9.86B | 6.40B | 7.42B | 10.90B | 10.14B | 8.51B | 9.90B | 8.45B | |||||||||||
| Price to FCFP/FCF | -177.29 | 59.45 | 79.20 | 0.00B | -298.38 | 29.63 | 10.07 | 36.27 | -54.36 | 17.18 | -21.04 | 8.31 | 11.52 | 9.66 | -16.64 | 12.86 | 4.46 | -19.71 | 10.99 | -36.78 | |||||||||||
| EV to FCF | -176.88 | 57.41 | 75.47 | 0.00B | -273.11 | 26.21 | 8.45 | 30.41 | -45.70 | 16.33 | -18.31 | 6.15 | 7.76 | -75.39 | -10.23 | 8.45 | 1.86 | -7.99 | 4.25 | -15.67 | |||||||||||
| EV to CFO | -173.66 | 58.49 | 76.05 | -0.00B | -255.43 | 26.40 | 8.46 | 30.50 | -43.47 | 16.33 | -18.13 | 6.19 | 7.85 | -75.93 | -10.15 | 8.53 | 1.88 | -7.80 | 4.30 | -15.67 | |||||||||||
| Return Ratios | |||||||||||||||||||||||||||||||
| Return on Sales [ROS]ROS | 59.98% | 32.78% | 72.65% | 60.85% | 71.17% | 56.61% | 71.32% | 112.39% | 84.74% | 21.84% | -105.50% | 111.27% | 232.16% | 448.54% | 68.10% | 114.10% | 114.07% | 109.95% | 110.30% | 113.62% | |||||||||||
| Return on Invested Capital [ROIC]ROIC | 19.51% | 34.19% | 31.75% | 27.19% | 25.88% | 12.70% | 12.52% | 8.86% | 9.58% | 9.73% | 4.08% | 6.80% | 8.99% | 17.94% | 32.07% | 43.85% | 36.46% | 15.15% | 17.25% | 25.82% | |||||||||||
| Return on Assets [ROA]ROA | 2.83% | 3.31% | 2.98% | 2.44% | 2.32% | 1.79% | 1.73% | 1.58% | 1.56% | 1.63% | 1.63% | 1.75% | 1.69% | 1.74% | 1.68% | 1.46% | 1.35% | 1.40% | 1.40% | 1.46% |