XP Inc.

XP Inc. Earnings Recaps

XP Financials 1 recap
Q3 2025 Nov 18, 2025

XP achieved solid growth in Q3 2025, with a notable increase in client assets and revenues, reflecting successful strategic initiatives despite ongoing market challenges.

Key takeaways
  • Client assets (AUM and AUA) reached BRL 1.9 trillion, growing 16% year-over-year.
  • Gross revenues rose to BRL 4.9 billion, marking a 9% increase from the previous year.
  • Net income reached a record BRL 1.33 billion, up 12% year-over-year, with 23% ROE maintained.
  • Retail net new money inflows reached BRL 20 billion, indicating a rebound in client investment activity.
  • Continued advancements in technology and client servicing strategies are setting the stage for future growth.
Full recap