XP Inc. (XP) Q1 2026 Earnings Call Transcript
Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
Overview
The earnings call summary highlights strong financial performance with significant growth in client assets, revenues, and profitability metrics such as EBT and net income. The company shows a solid ROE of 21.7%, indicating strong returns. Although the Q&A section lacked additional insights, the strategic initiatives, including product expansion and technological enhancements, indicate a positive outlook. The absence of risk or return discussion may suggest stability. Overall, these factors contribute to a positive sentiment, likely resulting in a 2% to 8% stock price increase over the next two weeks.
Key Financial Performance
Client assets (AUM and AUA) BRL 2.1 trillion, which represents a 21% year-over-year growth.
Number of advisers 18,300 advisers, up 1% year-over-year.
Active client base BRL 4.8 million, a 2% year-over-year increase.
Gross revenues BRL 4.9 billion, up 8% year-over-year.
EBT (Earnings Before Taxes) BRL 1.4 billion, grew 8% year-over-year.
Net income BRL 1.3 billion, rising 7% year-over-year.
Return on Equity (ROE) 21.7% for the quarter.
You have reached the limit. Sign up to access full content
Get started
Operating Highlights
Client assets growth: Client assets combining AUM and AUA reached BRL 2.1 trillion, representing a 21% year-over-year growth.
Active client base: Active client base totaled BRL 4.8 million, a 2% year-over-year increase.
Advisers growth: The company ended the period with 18,300 advisers, up 1% year-over-year.
Revenue growth: Gross revenues came in at BRL 4.9 billion, up 8% year-over-year.
Profitability: EBT grew 8% to BRL 1.4 billion, and net income reached BRL 1.3 billion, rising 7% year-over-year. ROE achieved 21.7% for the quarter.
You have reached the limit. Sign up to access full content
Get started
Risk or Challenges
The selected topic was not discussed during the call.
You have reached the limit. Sign up to access full content
Get started
Guidance & Outlook
Client assets: Client assets combining AUM and AUA reached BRL 2.1 trillion, which represents a 21% year-over-year growth.
Advisers: We ended the period with 18,300 advisers, up 1% year-over-year.
Active client base: Our active client base totaled BRL 4.8 million, a 2% year-over-year increase.
Gross revenues: This quarter, gross revenues came in at BRL 4.9 billion, up 8% year-over-year.
EBT: EBT also grew 8% to BRL 1.4 billion.
Net income: Net income reached BRL 1.3 billion, rising 7% year-over-year.
Profitability: Our ROE achieved 21.7% for the quarter.
You have reached the limit. Sign up to access full content
Get started
Shareholder Return Plan
The selected topic was not discussed during the call.
You have reached the limit. Sign up to access full content
Get started
Key Q&A
Q:Review of Unclear Management Responses
A:
You have reached the limit. Sign up to access full content
Get started
Earnings Word Cloud
The most frequently occurring keywords in this quarter's earning call
Andre Parize
Arnon Shirazi
Batista UBS
Bovolenta Batista
CFO presentation
Chief Executive
Chief Financial
Chief Investor
Citigroup Inc
Division Eduardo
Division Eric
Division PM
EDT evening
Eduardo Rosman
Eric Ito
Inc Research
Investor Relations
Ito Banco
Maffra Chief
Officer Chief
Officer Daer
PM EDT
Relations Officer
Research Division
Rosman Banco
SA Research
Thiago Maffra
XP Today
detail SEC
presentation QA
website detail
XP Transcript
XP Inc. (XP) Q1 2026 Earnings Call Transcript
Positive5-18
The earnings call summary highlights strong financial performance with significant growth in client assets, revenues, and profitability metrics such as EBT and net income. The company shows a solid ROE of 21.7%, indicating strong returns. Although the Q&A section lacked additional insights, the strategic initiatives, including product expansion and technological enhancements, indicate a positive outlook. The absence of risk or return discussion may suggest stability. Overall, these factors contribute to a positive sentiment, likely resulting in a 2% to 8% stock price increase over the next two weeks.
XP Inc. (XP) Q4 2025 Earnings Call Transcript
Positive2-12
The earnings call summary indicates strong financial performance with a 22% growth in total client assets and a 25% increase in life insurance premiums. The company also announced a share buyback program and dividend payment, signaling confidence in financial health. The Q&A session revealed optimism about future growth and strategic initiatives, though some concerns about NPS and tax hikes were noted. Overall, the positive financial results and strategic plans, including AI investments and market expansion, suggest a positive stock price movement over the next two weeks.
XP Inc. (XP) Q3 2025 Earnings Call Transcript
Positive11-18
The earnings call highlights strong growth in retail net new money, credit card, and insurance sectors, along with a robust shareholder return plan. The Q&A reveals management's optimism about Q4 performance and future guidance, despite some uncertainties in fixed income and expenses. The planned share buyback and dividend distribution further enhance the positive outlook, suggesting a potential stock price increase of 2% to 8% over the next two weeks.
XP Inc. (XP) Q2 2025 Earnings Call Transcript
Positive8-18
The earnings call summary reveals strong financial performance with significant growth in client assets, net new money, and life insurance premiums. The share buyback program and expected revenue growth provide additional positive sentiment. Despite a 30% decrease in issuer services revenue, other segments like corporate revenues grew. The Q&A session reinforced management's confidence in achieving targets, with a focus on strategic investments and maintaining a strong capital position. Overall, these factors suggest a positive stock price movement, with the potential for increased dividends and buybacks further supporting this outlook.
XP Report
Frequently Asked Questions
Where does this earnings call transcript come from?
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
How soon is the transcript available after the earnings call ends?
Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
Is the transcript edited or altered in any way?
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
Why do some answers appear as “Unclear” or “Inaudible”?
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
Who creates the AI Summary and Key Q&A highlights shown above the transcript?
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.
