Welcome to our dedicated page for Xp SEC filings (Ticker: XP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
XP Inc. filings document a foreign private issuer that reports on Form 20-F and furnishes Form 6-K current reports for its Brazil-focused financial services platform. The record includes audited consolidated financial statements prepared under IFRS Accounting Standards, interim condensed consolidated financial statements, management discussion and analysis, earnings releases and presentations covering client assets, revenue, operating results, liquidity and market-risk disclosures.
Governance and capital-structure filings cover annual general meeting notices, proxy statements, director election matters, approval of financial statements and auditor reports, Class A common shares, cash dividends, treasury-share retirements and share repurchase programs. These disclosures also describe XP's subsidiaries, open product platform, advisory offerings, insurance, credit and asset-management activities.
XP Inc. director Oscar Rodriguez filed an initial insider ownership report on Form 3. The filing lists him as a director of the company but does not report any stock transactions or holdings in the summarized data.
XP Inc. Chief Executive Officer Thiago Simoes Maffra filed an initial ownership report showing beneficial ownership of 689,197 Class A common shares. This stake includes Class A shares underlying outstanding restricted stock units and shares held in the form of Brazilian Depository Receipts, with no buy or sell transactions reported.
XP Inc. director Escobari Martin has filed an initial ownership report showing his stake in the company. The filing lists beneficial ownership of 3,387 Class A common shares of XP Inc., held directly. It does not report any recent purchases, sales, or option exercises.
XP Inc. filed an initial insider ownership report for CEO, Banco XP, Berenguer Neto Jose De Menezes. The filing shows he directly holds 891,466 Class A common shares. According to a footnote, this figure includes Class A shares underlying restricted stock units and shares held in the form of Brazilian Depository Receipts.
XP Inc. reported solid growth for the nine months ended September 30, 2025. Total revenue and income rose 7% to R$13,461 million, while net income increased 17% to R$3,888 million, lifting net margin from 26.5% to 28.9%.
Total client assets grew to R$1,425 billion from R$1,270 billion, supported by retail net inflows and a 2% increase in active clients to 4,752 thousand. Retail gross revenues rose 8% to R$10,722 million, and Corporate & Issuer Services revenues grew 9% to R$1,838 million, offsetting a slight 1% decline in Institutional revenues.
Operating costs and administrative expenses each increased 5%, and selling expenses nearly doubled due to heavier marketing, while expected credit losses rose 75% alongside loan growth. XP generated R$14,430 million in operating cash flow, ended with R$24,569 million in cash, approved a US$0.18 per-share dividend and a share buyback of up to R$1.0 billion, exited its UK operations, and realigned control interests in XP Control LLC while maintaining at least 69% voting power at the parent level.
XP Control LLC and Guilherme Dias Fernandes Benchimol updated their ownership in XP Inc. through Amendment No. 5 to a Schedule 13D. They now beneficially own 101,752,469 Class A common shares (including Class B on an as-converted basis), representing 19.6% of the Class A shares under SEC rules.
On February 11, 2026 they realigned interests with certain existing indirect holders, transferring cash and 1,623,257 Class A shares to one holder and creating non‑voting interests for others, subject to a repurchase right. If that right is fully exercised, their beneficial ownership could fall to 93,982,137 Class A shares, or 18.1% of the class.
XP Inc. is realigning the ownership structure of its controlling entity, XP Control LLC, as part of a planned leadership transition. Senior executives Thiago Maffra and José Berenguer are expected to become voting interest holders in XP Control LLC, joining existing controllers including Guilherme Dias Fernandes Benchimol.
ControlCo will acquire the voting equity interests held by Bruno Constantino Alexandre dos Santos, Bernardo Amaral Botelho and Gabriel Klas da Rocha Leal in exchange for cash and Class A common shares of XP. As a result, the beneficial ownership of Class A common shares held by ControlCo, assuming conversion of a corresponding number of Class B shares, will decrease to 18%, while ControlCo will continue to control at least 69% of XP’s voting power, with Benchimol remaining its majority unitholder.
Constantino will immediately cease to be a partner of ControlCo, while Botelho and Leal will remain as non-voting partners. All three will continue as members of XP’s Board of Directors. XP states that this evolution is intended to strengthen governance, stabilize its control structure, and support long-term sustainability.
XP Inc. reported solid growth for the fourth quarter and full year 2025, showing resilient performance in a challenging Brazilian investment market. In 4Q25, total client assets reached about R$1.5 trillion, up 16% year over year, supported by R$32 billion in net inflows and R$111 billion in market appreciation.
Quarterly gross revenue was R$5.3 billion, 12% higher than a year earlier, while net revenue rose 10%. Adjusted net income hit a record R$1.3 billion in the quarter, up 10% year over year, and adjusted diluted EPS was R$2.56, up 15%. For 2025, gross revenue grew 8% to R$19.5 billion and adjusted net income rose 15% to R$5.2 billion.
Profitability remained strong, with 4Q25 EBT of R$1.55 billion and an EBT margin of 31.3%, expanding more than 250 basis points year over year. Adjusted ROAE for 2025 was 23.9% and adjusted ROTE 29.5%. XP also maintained a high capital buffer, with a BIS ratio of 20.4% and CET1 of 17.3%, while returning R$1.9 billion via share repurchases and R$500 million in dividends during 2025.
XP Inc. filed its annual consolidated financial statements, showing audited 2025 results prepared under IFRS. Total revenue and income reached R$18,398,597 thousand, up from R$17,030,861 thousand in 2024, driven by net revenue from services of R$7,966,733 thousand.
Net income for 2025 was R$5,169,293 thousand versus R$4,514,840 thousand in 2024, with basic earnings per share rising to 9.8039 from 8.3324. Operating cash flow was strong at R$12,044,826 thousand, lifting cash and cash equivalents to R$19,220,538 thousand at year-end.
At December 31, 2025, XP reported total assets of R$396,528,353 thousand, liabilities of R$372,980,645 thousand and equity of R$23,547,708 thousand. The auditor issued an unqualified opinion and highlighted key audit matters around level 3 fair value measurements, revenue recognition and the information technology environment.
XP continued its capital return strategy through several share buy-back programs. As of December 31, 2025, it held 88,650 Class A shares in treasury, equivalent to R$8.0 million (approximately US$1.4 million), acquired at an average price of US$16.28 per share.
BlackRock, Inc. has filed an amended Schedule 13G reporting beneficial ownership of 34,482,479 Class A shares of XP Inc. as of 12/31/2025, representing 8.3% of this share class. BlackRock reports sole power to vote 32,748,351 shares and sole power to dispose of 34,482,479 shares, with no shared voting or dispositive power.
The filing explains that these holdings are attributed to certain BlackRock business units and that various underlying clients have the right to receive dividends or sale proceeds, with no single client holding more than five percent of XP Inc.’s outstanding common shares. BlackRock certifies that the position is held in the ordinary course of business and not for the purpose of changing or influencing control of XP Inc.