XP Stock Analysis: Xp | NASDAQ
Capital Markets | NASDAQ, USA | Market Cap: 8.613m USD | 12M Return: 2.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 82.4M
EPS Trend: 98.8%
Qual. Beats: 0
Rev. Trend: 85.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 6.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
XP Inc. is a Brazilian financial services company that operates an open product platform connecting clients to a broad range of investment offerings, including brokerage, fixed income, mutual and hedge funds, derivatives, credit cards, loans, insurance, pension products, and wealth management services. It serves both retail and institutional clients through securities brokerage, interdealer brokerage, and issuer services.
The company also manages proprietary and third-party mutual funds across equities, macro, fixed income, credit, and alternative strategies, and provides commercial and investment banking products such as loans, foreign exchange, and deposits. Financial education courses, both online and in-person, complement its product suite, which is distributed through an omni-channel network and online portals. Founded in 2001, XP went public on the Nasdaq in December 2019 and is classified within the Investment Banking & Brokerage sub-industry of the Financials sector.
- Brazil Selic rate cuts pressure fixed income revenue
- Retail trading volumes decline amid Bovespa volatility
- Asset management AUM growth expands recurring fee base
| Net Income: 5.17b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 0.35 > 1.0 |
| NWC/Revenue: -236.5% < 20% (prev -209.3%; Δ -27.17% < -1%) |
| CFO/TA 0.04 > 3% & CFO 15.4b > Net Income 5.17b |
| Net Debt (80.8b) to EBITDA (6.31b): 12.81 < 3 |
| Current Ratio: 0.49 > 1.5 & < 3 |
| Outstanding Shares: last quarter (525.4m) vs 12m ago -2.63% < -2% |
| Gross Margin: 66.96% > 18% (prev 69.05%; Δ -2.08% > 0.5%) |
| Asset Turnover: 4.91% > 50% (prev 5.02%; Δ -0.11% > 0%) |
| Interest Coverage Ratio: 11.06 > 6 (EBIT TTM 6.00b / Interest Expense TTM 542.3m) |
| A: -0.11 (Total Current Assets 42.3b - Total Current Liabilities 86.4b) / Total Assets 409b |
| B: 0.00 (Retained Earnings 1.29b / Total Assets 409b) |
| C: 0.02 (EBIT TTM 6.00b / Avg Total Assets 380b) |
| D: 0.06 (Book Value of Equity 24.4b / Total Liabilities 385b) |
| Altman-Z'' = -0.52 = B |
| DSRI: 1.01 (Receivables 33.6b/31.4b, Revenue 18.7b/17.6b) |
| GMI: 1.03 (GM 69.05% / 66.96%) |
| AQI: 1.47 (AQ_t 0.89 / AQ_t-1 0.61) |
| SGI: 1.06 (Revenue 18.7b / 17.6b) |
| TATA: -0.03 (NI 5.17b - CFO 15.4b) / TA 409b) |
| Beneish M = -2.67 (Cap -4..+1) = A |
As of July 26, 2026, the stock is trading at USD 16.69 with a total of 2,292,983 shares traded. Over the past week, the price has changed by +0.12%, over one month by +7.26%, over three months by -14.36% and over the past year by +2.56%.
Current recommended Stop Loss: 15.90 (which is 4.7% or 1.4 ATR below the current price).
Xp has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy XP.
- StrongBuy: 5
- Buy: 5
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 23.5 | 40.5% |
Market Cap BRL = 43.7b (8.61b USD * 5.0794 USD.BRL)
P/E Trailing = 8.6823
P/E Forward = 9.5329
P/S = 0.4738
P/B = 1.8966
Revenue TTM = 18.7b BRL
EBIT TTM = 6.00b BRL
EBITDA TTM = 6.31b BRL
Long Term Debt = 32.1b BRL (from longTermDebt, last fiscal year)
Short Term Debt = 86.4b BRL (from shortTermDebt, last quarter)
Debt = 89.5b BRL (from shortLongTermDebtTotal, last quarter)
Net Debt = 80.8b BRL (calculated: Debt 89.5b - CCE 8.68b)
Enterprise Value = 125b BRL (43.7b + Debt 89.5b - CCE 8.68b)
Interest Coverage Ratio = 11.06 (Ebit TTM 6.00b / Interest Expense TTM 542.3m)
EV/FCF = 8.28x (Enterprise Value 125b / FCF TTM 15.0b)
FCF Yield = 12.08% (FCF TTM 15.0b / Enterprise Value 125b)
FCF Margin = 80.68% (FCF TTM 15.0b / Revenue TTM 18.7b)
Net Margin = 27.70% (Net Income TTM 5.17b / Revenue TTM 18.7b)
Gross Margin = 66.96% ((Revenue TTM 18.7b - Cost of Revenue TTM 6.16b) / Revenue TTM)
Gross Margin QoQ = 65.79% (prev 67.41%)
Tobins Q-Ratio = 0.30 (Enterprise Value 125b / Total Assets 409b)
Interest Expense / Debt = 0.61% (Interest Expense 542.3m / Debt 89.5b)
Taxrate = 5.17% (281.9m / 5.46b)
NOPAT = 5.69b (EBIT 6.00b * (1 - 5.17%))
Current Ratio = 0.49 (Total Current Assets 42.3b / Total Current Liabilities 86.4b)
Debt / Equity = 3.67 (Debt 89.5b / totalStockholderEquity, last quarter 24.4b)
Debt / EBITDA = 12.81 (Net Debt 80.8b / EBITDA 6.31b)
Debt / FCF = 5.37 (Net Debt 80.8b / FCF TTM 15.0b)
Total Stockholder Equity = 23.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.36% (Net Income 5.17b / Total Assets 409b)
RoE = 22.01% (Net Income TTM 5.17b / Total Stockholder Equity 23.5b)
RoCE = 10.79% (EBIT 6.00b / Capital Employed (Equity 23.5b + L.T.Debt 32.1b))
RoIC = 1.39% (NOPAT 5.69b / Invested Capital 408b)
WACC = 3.99% (E(43.7b)/V(133b) * Re(10.99%) + D(89.5b)/V(133b) * Rd(0.61%) * (1-Tc(0.05)))
Discount Rate = 10.99% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -87.96 | Cagr: -1.57%
[DCF] Terminal Value 77.97% ; FCFF base≈13.7b ; Y1≈15.7b ; Y5≈23.1b
[DCF] Fair Price = 642.8 (EV 348b - Net Debt 80.8b = Equity 267b / Shares 414.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 98.79 | EPS CAGR: 13.05% | SUE: -0.39 | # QB: 0
Revenue Correlation: 84.98 | Revenue CAGR: 15.32% | SUE: -0.11 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.59 | Chg30d=+1.26% | Revisions=+0% | Analysts=4
EPS next Quarter (2026-09-30): EPS=2.71 | Chg30d=+0.38% | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=10.66 | Chg30d=-1.86% | Revisions=-25% | GrowthEPS=+8.7% | GrowthRev=+9.4%
EPS next Year (2027-12-31): EPS=11.94 | Chg30d=-2.45% | Revisions=-25% | GrowthEPS=+12.0% | GrowthRev=+12.7%
[Analyst] Revisions Ratio: -40% (up=0, down=2)