XP Inc’s Q4 Revenue Up 20.35% to $949.8M, Shares Jump 10%
XP Inc’s Q4 2025 revenue rose 20.35% year-over-year to $949.81 million, topping estimates by $37.46 million, and EPS of $0.49 exceeded forecasts by $0.01. Since then, shares have climbed roughly 10% as annual gross revenues rose 8% to BRL 19.5 billion and H2 2025 grew over 10%.
1. Q4 2025 Earnings Beat
XP Inc delivered Q4 2025 revenue of $949.81 million, a 20.35% increase over the prior year and $37.46 million above consensus, while EPS reached $0.49, beating estimates by $0.01. The strong results propelled shares approximately 10% higher since the February 12 earnings release.
2. Full-Year Results and Market Conditions
For full-year 2025, XP Inc reported gross revenues of BRL 19.5 billion, up 8% year-over-year amid a conservative asset mix, shorter investment durations and lower market activity. Management described the year as challenging but highlighted that the second half achieved over 10% growth, supporting overall performance.
3. Strategic Outlook
Looking ahead, XP Inc will pursue its three-pillar strategy focusing on leadership in investment solutions, expanding its retail product offerings and strengthening wholesale banking capabilities to sustain double-digit revenue growth and drive market share gains in 2026.