XP achieves record profit in the third quarter

The platform investments XP announced that, in the third quarter, it maintained the record performance of the previous year, with net profit of R$1.19 billion between July and the end of September, a growth of 9% over the result obtained in the same period in 2023.

The company announced that it will reimburse more than R$3 billion to shareholders, of which R$1 billion will be paid as dividends in December, and R$1 billion will be invested in a share buyback program. According to analyst forecasts, XP was expected to make a profit of R$1.22 billion in the third quarter. This expectation was based on LSEG data.

XP Inc.'s gross revenue also broke a record

According to information on InfoMoney, the company also achieved a record in gross incomeworth R$4.536 billion, 4% higher than the revenue recorded in the third quarter of the previous year. As a result, the company's estimate predicts that annual gross revenue should reach between R$22.8 billion and R$26.8 billion in 2026.

“We are very comfortable delivering the 'guidances'', regardless of market conditions”, said Victor Mansur, CEO of the platform.

_{Release of 3rd quarter results (Photo: reproduction/ XP Inc./Linkedin)}

Increase in share and fixed income offerings

The company also reported that there was an increase in the volume of share and fixed income offerings. The retail segment was highlighted in the balance once again, with revenue growing 10% compared to the previous year, totaling R$3.494 billion. However, annual growth was led by fixed income, with an increase of 31%, generating R$938 million. XP's new business verticals (cards, insurance, pensions) also showed growth of 17%, totaling R$302 million.

Another point that contributed to the improvement in revenues was the increase in the number of customers, with around 4.659 million active customers in the base, 6% more than in 2023.

Featured photo: the platform’s forecast is to reach revenues of R$ 22.8 billion in 2026 (Reproduction/ XP Inc./Pinterest)