Xp Incorporation ( (XP) ) has released its Q3 earnings. Here is a breakdown of the information Xp Incorporation presented to its investors.
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XP Inc., a leading tech-enabled financial platform in Brazil, specializes in providing low-fee financial products and services. The company has reported its financial results for the third quarter of 2025, showcasing a steady growth trajectory.
In the third quarter of 2025, XP Inc. reported a gross revenue of R$4.9 billion, marking a 9% increase year-over-year and a 6% rise quarter-over-quarter. The company’s net income reached R$1.3 billion, reflecting a 12% increase from the previous year. Notably, total client assets grew by 12% year-over-year, reaching R$1.4 trillion, driven by a significant net inflow and market appreciation.
Key financial metrics reveal a robust performance across various segments. The retail revenue increased by 6% year-over-year, supported by higher volumes and interest rates. The Corporate & Issuer Services segment experienced a remarkable 32% growth year-over-year, contributing significantly to the overall revenue. Additionally, the expanded loan portfolio saw a 33% year-over-year growth, while gross written premiums in the insurance segment rose by 25%.
Despite the positive financial performance, the company faced a slight decline in the annualized retail take rate, which decreased by 9 basis points year-over-year. However, XP Inc. maintained a strong gross margin of 68.2%, and the net margin improved by 106 basis points year-over-year, indicating efficient cost management.
Looking ahead, XP Inc. remains focused on enhancing its client experience and expanding its market presence. The company is set to continue its strategic initiatives, including share buyback programs and dividend distributions, to optimize capital management and drive sustainable growth.