Xp Inc. Stock Price, News & Analysis

XP Inc. (NASDAQ: XP) reported its 1Q23 results, showing Client Assets of R$954 billion, reflecting a 9% year-over-year increase driven by R$125 billion in net inflows despite R$44 billion in market depreciation. However, Net Inflow dropped to R$16.2 billion, down 48% quarter-over-quarter and 65% year-over-year, with Retail Net Inflow at R$15.5 billion. Active clients grew to 4 million, a 2% increase QoQ and 13% YoY. The company maintains its position as Brazil's leading independent financial platform with 13,000 independent financial advisors. Notably, Total Cards TPV surged 90% YoY to R$8.6 billion. The credit portfolio expanded 53% YoY, reaching R$17.5 billion, maintaining a 0.0% NPL ratio. A webcast to discuss detailed financial results is scheduled for May 15, 2023.

XP Inc. (NASDAQ: XP) announced its 2022 financial results, showing a 10% revenue growth to R$14 billion, despite a challenging market. Key highlights include stable net income at R$3.58 billion and a decrease in basic EPS by 19% to R$6.44. The company reported a 16% increase in total client assets, reaching R$946 billion, and a net inflow of R$155 billion for the year. However, 4Q22 saw a decline in revenue and margins, with gross profit dropping 13%. Moving forward, XP plans to adjust its cost structure and has set an EBT margin guidance of 26% to 32% for 2023-2025, emphasizing resilience and long-term growth prospects.

XP Inc. (NASDAQ: XP) reported its 4Q22 KPIs, revealing significant growth in client assets, which totaled R$946 billion, a 16% year-over-year increase. Despite a challenging economic environment in Brazil with rising interest rates, the company achieved net inflows of R$155 billion for the year. However, 4Q22 net inflows were R$31 billion, down 11% QoQ and 36% YoY. Active clients reached 3.9 million, growing 14% YoY. The firm's network of Independent Financial Advisors (IFAs) expanded by 20% YoY. Notably, the credit portfolio grew 67% YoY, reaching R$17.1 billion, with a very low NPL ratio of 0.1%. This performance underscores XP's resilience in a tough market.

XP Inc. (NASDAQ: XP) has entered into a share purchase agreement to acquire 5,500,000 Class A shares from Itaúsa S.A. for approximately $105 million. This purchase mirrors a prior transaction on November 9, 2022, where Itaúsa sold 10,000,000 shares. The company plans to utilize existing cash for this repurchase, with shares to be held in treasury, and emphasizes that this is not part of its previously announced Share Repurchase Program from May 11, 2022.

XP Inc. (NASDAQ: XP) reported its Q3 2022 financial results, revealing a 13% increase in gross revenue to R$3.81 billion. Active clients rose 15% year-over-year to 3.8 million, driven by retail and corporate growth. However, retail revenue growth was modest at 2%, primarily due to reduced trading activity. The company introduced new EBT margin guidance of 26%-32% for 2023-2025 and announced a R$1 billion increase in its share repurchase program. While net income rose 10% to R$1.03 billion, the annualized return on equity declined to 24.4% amid rising expenses and changing market conditions.

XP Inc. (NASDAQ: XP) reported its 3Q22 key performance indicators, highlighting a 17% YoY increase in client assets to R$925 billion, driven by net inflows of R$172 billion. The Corporate client segment achieved gross revenue of R$230 million in 1H22, a 240% increase from 1H21. Active clients grew by 15% YoY to 3.8 million, and credit portfolio expanded 88% YoY to R$16.3 billion. However, total net inflows decreased by 7% YoY. Retail daily average trades fell by 11% YoY, indicating a challenging trading environment.

XP Inc. (NASDAQ: XP) reported its Q2 2022 financial results, showcasing a 13% increase in total gross revenue to R$3.6 billion compared to Q2 2021. Retail revenue surged 14% to R$2.8 billion, driven by fixed income products. Active clients rose by 16% year-over-year to 3.6 million, while Adjusted Net Income increased by 1% to R$1.05 billion. However, Total Net Inflow dropped 43% to R$43 billion, negatively impacting market sentiment. Adjusted EBITDA fell 2% to R$1.22 billion, indicating rising operational costs due to headcount expansion, which could affect future profitability.

XP Inc. (NASDAQ: XP) reported its 2Q22 KPIs, revealing that Assets Under Custody (AUC) reached R$846 billion, a 4% increase year-over-year but a 3% decrease quarter-over-quarter. Total net inflows for the quarter were R$43 billion, down 7% from R$46 billion in 1Q22. Active clients grew to 3.6 million, reflecting a 16% year-over-year increase. The company maintained a strong Net Promoter Score (NPS) of 76, emphasizing customer satisfaction. New verticals like pension funds saw a 38% year-over-year growth, while credit portfolio expanded by 90% year-over-year.

XP Inc. (NASDAQ: XP) has signed a share purchase agreement with Itaú Unibanco to acquire 1,056,308 Class B common shares for approximately U$24 million, translating to U$22.65 per share. This purchase price mirrors the recent sale of 6,783,939 Class A shares by Itaú Unibanco. XP plans to fund this acquisition using existing cash resources, and the shares will be held in treasury. Notably, this transaction is not part of XP's previously announced Share Repurchase Program from May 2022.