XP Inc Q4 Revenue Up 12% to BRL1.8 bn, AUM Rises 7% to BRL680 bn
XP Inc reported Q4 2025 net revenue of BRL1.8 billion, a 12% year-over-year increase, and net income of BRL420 million, up 15%. Client assets under management climbed 7% to BRL680 billion, driven by record digital platform inflows.
1. Q4 Financial Results
In Q4 2025, XP Inc generated net revenue of BRL1.8 billion, a 12% rise from the prior year, with net income reaching BRL420 million, a 15% gain. Adjusted EBITDA margin expanded by 150 basis points to 37% on disciplined cost management.
2. Asset Management Growth
Assets under management ended the quarter at BRL680 billion, up 7% sequentially and 15% year-on-year. Digital platform inflows hit a record BRL55 billion, while retail client accounts increased by 10%.
3. Market Challenges and Strategy
Management acknowledged equity market volatility in Brazil but highlighted ongoing investments in technology and advisory services. Plans include further platform enhancements and cost optimization to sustain margin expansion.