The earnings call highlighted strong profitability growth, record net income, and significant advancements in client assets and retail revenue. However, challenges were noted in corporate net new money and investment banking activities, impacting some growth metrics.

Company Guidance

During XP's Second Quarter 2025 Earnings Call, the company reported significant metrics and provided guidance for future growth. Key performance indicators included client assets under management (AUM) and administration (AUA) totaling BRL 1.9 trillion, reflecting a 17% year-over-year growth, while active clients increased by 2% to 4.7 million. Despite a 5% year-over-year decline in EBT to BRL 1.3 billion, primarily due to non-recurring overhead impacts from the previous year, XP achieved a record net income of BRL 1.321 billion, an 18% increase. The company's profitability remained robust with a return on equity (ROE) of 24.4%, marking a 223 basis points increase compared to the previous year. XP's diluted earnings per share (EPS) rose by 22% year-over-year, driven by a share buyback program, with a remaining BRL 1 billion authorized for repurchase by the following year. Despite economic challenges, XP maintains a strong capital position with a capital ratio of 20.1%, and plans to distribute dividends and execute share buybacks, targeting a combined payout above 50% of net income for 2025 and 2026.

Record Net Income

Achieved the highest net income in company history at BRL 1.321 billion, an 18% year-over-year growth.

Growth in Client Assets

Client assets, AUM, and AUA reached BRL 1.9 trillion, marking a 17% growth year-over-year.

Strong Return on Equity (ROE)

ROE for the quarter was 24.4%, a 223 bps expansion compared to the second quarter of 2024.

EPS and Profitability Growth

Diluted EPS grew by 22% year-over-year, driven by the execution of the share buyback program.

Retail Revenue Growth

Retail revenue increased by 9% year-over-year, supported by growth in fixed income and other retail verticals.

Life Insurance and Retirement Plans Expansion

Life insurance written premiums grew 45% year-over-year, and retirement plan client assets increased by 15% year-over-year.

XP (XP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

XP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 17, 2025	2025 (Q3)	0.44 / -	0.403	―	―	―
Aug 18, 2025	2025 (Q2)	0.43 / 0.45	0.375	21.18% (+0.08)
May 20, 2025	2025 (Q1)	0.40 / 0.42	0.342	23.78% (+0.08)
Feb 18, 2025	2024 (Q4)	0.41 / 0.41	0.38	8.36% (+0.03)
Nov 19, 2024	2024 (Q3)	0.40 / 0.40	0.39	3.17% (+0.01)
Aug 13, 2024	2024 (Q2)	0.36 / 0.37	0.365	2.73% (<+0.01)
May 21, 2024	2024 (Q1)	0.37 / 0.34	0.281	21.71% (+0.06)
Feb 27, 2024	2023 (Q4)	0.37 / 0.38	0.257	48.06% (+0.12)
Nov 13, 2023	2023 (Q3)	0.37 / 0.39	0.342	14.22% (+0.05)
Aug 14, 2023	2023 (Q2)	0.34 / 0.36	0.301	21.15% (+0.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

XP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 18, 2025	$17.50	$16.00	-8.57%
May 20, 2025	$18.56	$18.65	+0.48%
Feb 18, 2025	$15.02	$14.83	-1.26%
Nov 19, 2024	$15.87	$14.91	-6.05%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does XP (XP) report earnings?

XP (XP) is schdueled to report earning on Nov 17, 2025, After Close (Confirmed).

What is XP (XP) earnings time?

XP (XP) earnings time is at Nov 17, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is XP EPS forecast?

XP EPS forecast for the fiscal quarter 2025 (Q3) is 0.44.

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