XP Inc. (XP) Income Statement Analysis

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Complete financial analysis of XP Inc. (XP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of XP Inc., a leading company in the Financial – Capital Markets industry within the Financial Services sector.

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XP Inc. (XP)

Industry: Financial - Capital Markets

Sector: Financial Services

Website: https://www.xpinc.com

About XP Inc.

XP Inc. provides financial products and services in Brazil. It offers securities brokerage, private pension plans, commercial, and investment banking products, such as loan operations and transactions in the foreign exchange markets and deposits; product structuring and capital markets services for corporate clients and issuers of fixed income products; advisory services for mass-affluent and institutional clients; and wealth management services for high-net-worth customers and institutional clients. The company also offers Xpeed, an online financial education portal that offers seminars, classes, and learning tools to help teach individuals on topics, such as basics of investing, techniques, and investment strategies, as well as insurance brokerage services. In addition, it operates XP Platform, an open product platform that provides clients to access investment products in the market, including equity and fixed income securities, mutual and hedge funds, private equity, structured products, credit cards, loan operations, life insurance, pension plans, real-estate investment funds, and others. The company was founded in 2001 and is based in São Paulo, Brazil.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	6.53B	6.51B	6.20B	5.02B	3.60B	2.28B	1.42B	763.97M	661.14M	418.98M	31.89M
Cost of Revenue	5.77B	6.04B	3.43B	2.65B	1.61B	1.17B	1.15B	450.18M	0.00	0.00	0.00
Gross Profit	761.11M	472.13M	2.77B	2.37B	1.99B	1.11B	274.96M	313.79M	661.14M	418.98M	31.89M
Gross Profit Ratio	11.65%	7.25%	44.64%	47.27%	55.34%	48.82%	19.33%	41.07%	100.00%	100.00%	100.00%
Research & Development	0.00	0.25	0.31	0.28	0.29	0.22	0.30	0.30	0.00	0.00	0.00
General & Administrative	3.82B	3.77B	4.69B	3.01B	1.89B	1.18B	172.66M	470.85M	11.82M	12.62M	0.00
Selling & Marketing	169.49M	138.72M	227.48M	134.92M	155.00M	96.08M	32.88M	24.48M	6.98M	3.51M	0.00
SG&A	3.99B	3.91B	4.92B	3.15B	2.05B	1.27B	205.54M	495.34M	18.80M	16.13M	0.00
Other Expenses	-3.23B	-18.17M	-263.78M	-266.00M	-153.00M	-9.54M	-3.74M	-6.27M	0.00	0.00	0.00
Operating Expenses	761.11M	3.89B	4.66B	2.88B	1.89B	1.26B	238.72M	499.28M	476.01M	351.17M	0.00
Cost & Expenses	6.53B	9.92B	8.09B	5.53B	3.50B	2.43B	1.39B	949.46M	476.01M	351.17M	0.00
Interest Income	17.22M	15.44M	7.60M	5.52M	31.38M	0.00	0.00	0.00	7.35M	2.30M	0.00
Interest Expense	617.48M	402.30M	135.73M	52.67M	84.00M	72.31M	61.09M	0.00	0.00	0.00	0.00
Depreciation & Amortization	252.41M	9.78B	8.49B	5.96B	3.75B	2.29B	1.33B	877.86M	-185.13M	-67.81M	-31.89M
EBITDA	4.81B	-3.21B	-1.66B	-361.74M	1.72B	-97.25M	63.65M	-162.42M	-52.46M	-17.15M	31.89M
EBITDA Ratio	73.58%	-49.26%	-26.76%	-7.21%	2.67%	-4.26%	4.47%	-21.26%	-7.94%	-4.09%	0.00%
Operating Income	8.32B	-3.41B	-1.89B	-505.01M	5.29M	-150.03M	36.24M	-185.49M	185.13M	67.81M	31.89M
Operating Income Ratio	127.32%	-52.42%	-30.50%	-10.07%	0.15%	-6.58%	2.55%	-24.28%	28.00%	16.18%	100.00%
Total Other Income/Expenses	-4.38B	-3.70B	-3.17B	-2.52B	1.47B	790.76M	-609.02M	-382.55M	-449.85M	2.30M	0.00
Income Before Tax	3.94B	3.44B	3.82B	2.42B	1.54B	640.73M	575.51M	373.92M	192.49M	70.11M	31.89M
Income Before Tax Ratio	60.26%	52.92%	61.57%	48.27%	42.94%	28.10%	40.46%	48.94%	29.11%	16.73%	100.00%
Income Tax Expense	36.96M	-135.56M	222.71M	339.92M	455.00M	175.40M	151.97M	130.15M	56.87M	27.07M	0.00
Net Income	3.90B	3.58B	3.59B	2.08B	1.09B	465.33M	413.87M	243.77M	75.80M	23.59M	31.89M
Net Income Ratio	59.69%	54.99%	57.93%	41.39%	30.28%	20.41%	29.10%	31.91%	11.47%	5.63%	100.00%
EPS	7.16	6.44	6.42	3.76	2.11	0.84	0.75	0.44	0.31	0.10	0.13
EPS Diluted	7.16	6.25	6.26	3.71	2.11	0.84	0.75	0.44	0.31	0.10	0.13
Weighted Avg Shares Out	544.22M	555.43M	559.00M	552.29M	511.46M	551.80M	551.80M	551.80M	245.54M	238.53M	241.40M
Weighted Avg Shares Out (Dil)	544.21M	573.01M	573.50M	559.11M	511.71M	551.80M	551.80M	551.80M	245.54M	238.53M	241.40M

Why XP Stock Was Up 9.1% on Monday

October 3, 2022fool.com

The Brazil-based investment management firm jumped after Sunday's presidential election in Brazil.

XP: Attractive Valuation And Strong Growth Potential

August 16, 2022seekingalpha.com

XP's total gross revenue grew 13% when comparing the results of 2Q22 with 2Q21. XP has a 1 Year Price Performance of -58.97% while the Sector Median is -4.04%.

4 Stocks That Look Like Bargains

August 14, 2022gurufocus.com

As of Friday, Aug. 12, the following stocks look undervalued by the market as their price-earnings ratios without non-recurring items trade below 20 while their price-earnings to growth (PEG) ratios trade near or below 1.

XP Inc's (XP) CEO Thiago Maffra on Q2 2022 Results - Earnings Call Transcript

August 10, 2022seekingalpha.com

XP Inc. (NASDAQ:XP ) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET Company Participants Andre Martins – Head-Investor Relations Thiago Maffra – Chief Executive Officer Bruno Constantino – Chief Financial Officer Conference Call Participants Jorge Kuri –...

XP Inc's (XP) CEO Thiago Maffra on Q1 2022 Results - Earnings Call Transcript

May 4, 2022seekingalpha.com

XP Inc. (NASDAQ:XP ) Q1 2022 Earnings Conference Call May 3, 2022 5:00 PM ET Company Participants Andre Martins – Head of Investor Relations Bruno Constantino – Chief Financial Officer Thiago Maffra – Chief Executive Officer Conference Call Participants Thiago...

XP Inc.A (XP) Q1 Earnings and Revenues Miss Estimates

May 3, 2022zacks.com

XP Inc.A (XP) delivered earnings and revenue surprises of -9.68% and 6.62%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

XP: Strong Growth Potential Via New Business Area Credit Cards

April 11, 2022seekingalpha.com

XP increased its revenue by 47% in fiscal year 2021 compared to fiscal year 2020. This growth in revenue shows that the company is on track.

XP Is the Charles Schwab of Brazil. The Case for Buying Its Stock.

April 7, 2022barrons.com

Charlie Wilson, a portfolio manager at Thornburg Investment Management, has a $55 price target by fiscal 2023 for the Brazilian financial services company.

Bears are Losing Control Over XP Inc.?A (XP), Here's Why It's a 'Buy' Now

February 28, 2022zacks.com

XP Inc.?A (XP) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher...