XP Inc. (XP) KPIs and segments

XPNasdaqSecurity Brokers, Dealers & Flotation CompaniesFiscal year ends December 31

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 29, 2026Score 11/30

$15.04−0.35 (-2.24%)

Close on Nov 12, 2026Market cap $7.80BP/E 8.5Yield –

KPIs & segments

Operating metrics and segments that drive XP's business · fiscal year ends December 31

XP KPIs at a glance: 81 operating metrics, including Total Client Assets (Custody), Asset Management — Assets Under Management (AUM) and Wealth Management & Administration, drawn from 414 source documents, alongside revenue by segment, product and region from SEC filings. Each figure links to the document it came from. All metrics shows the full sheet; Core narrows it to segments and headline KPIs. The segment tables also offer a trailing-twelve-month view.

The chart is empty. Tick the box next to any metric in the table below to plot it — tick several to compare them on one chart.

Segments, headline KPIs and every operating metric from filings, earnings releases and presentations.

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023

Total Client Assets (Custody)2	1,534,792.00	1,529,031.90	1,491,439.00	1,424,548.90	1,371,902.90	1,328,105.30	1,285,922.20	1,269,782.30	1,203,945.20	1,176,873.50	1,122,419.10	1,080,196.60
Retail Client Assets5	1,299,958.40	1,295,696.50	1,260,148.00	1,211,105.90	1,170,564.60	1,117,821.40	1,080,856.20	1,067,435.80	1,032,239.40	1,014,858.80	1,011,489.40	978,611.80
Fixed Income Client Assets	455,012.10	446,724.50	453,195.00	441,288.20	428,547.80	404,580.70	387,063.30	362,632.30	353,400.00	337,064.60	334,289.50	328,507.80
Funds Platform Client Assets	342,322.20	331,287.40	304,596.00	287,579.00	271,624.50	260,109.10	259,037.50	259,511.90	248,483.10	242,717.40	237,594.70	242,393.30
Equities Client Assets	304,717.40	325,920.90	312,935.00	307,679.50	307,483.40	294,652.00	284,954.70	302,759.70	294,439.60	307,879.00	310,253.60	286,883.40
Retirement Plans Client Assets (Retail)	101,142.60	97,738.50	94,811.00	90,162.20	85,907.90	83,442.70	80,885.00	78,307.90	74,841.10	72,526.80	73,204.40	67,861.10
Other Retail Client Assets (Floating Balance, Offshore & Other)	96,764.10	94,025.10	94,611.00	84,397.10	77,001.00	75,036.90	68,915.70	64,224.00	61,075.50	54,671.00	56,147.20	52,966.20
Corporate & Institutional Client Assets	234,833.60	233,335.40	231,291.00	213,443.00	201,338.30	210,283.90	205,066.10	202,346.50	171,705.70	162,014.70	110,929.70	101,584.80
Asset Management — Assets Under Management (AUM)	284,446.10	267,306.00	251,552.00	227,741.30	213,502.00	189,534.30	185,762.50	181,793.30	172,603.20	166,239.00	167,650.70	163,955.50
Wealth Management & Administration — Assets Under Administration (AUA)	354,143.30	345,910.90	335,649.00	294,212.30	275,734.00	248,608.00	233,216.10	227,948.30	218,625.10	214,792.20	207,803.40	191,023.00
Total Net Inflow2	27,604.10	14,262.00	31,971.00	29,152.80	9,592.10	23,548.20	29,055.80	34,042.60	32,498.90	13,176.10	18,533.40	48,103.30
Retail Net Inflow	19,980.00	18,739.00	19,922.20	20,345.50	15,616.20	19,681.80	19,545.90	24,838.00	23,516.80	12,859.40	11,534.90	48,071.90
Corporate & Institutional Net Inflow	7,624.10	-4,477.00	12,048.70	8,807.30	-6,024.00	3,866.40	9,509.90	9,204.60	8,982.10	316.70	6,998.60	31.30
Active Clients	4,771.90	4,790.27	4,761.70	4,751.90	4,720.24	4,692.73	4,683.60	4,658.51	4,626.48	4,586.98	4,530.50	4,412.69
Total Advisors (Independent Financial Advisors — IFAs & Internal Advisors)	18.37	18.34	18.05	18.20	18.22	18.08	18.17	18.42	18.31	17.71	17.26	16.90
Retail Daily Average Trades (DATs — Equities, Futures & Options)(M)	2.37	2.72	2.21	2.12	2.32	2.22	2.38	2.27	2.41	2.15	2.19	2.14
Net Promoter Score (NPS)	66	61	65	74	72	73	70	72	71	71	72	72
Annualized Retail Take Rate (LTM Retail Gross Revenue / Average Retail Client Assets)(%)	1.2%	1.2%	1.3%	1.2%	1.3%	1.3%	1.3%	1.3%	1.3%	1.2%	1.3%	1.3%

Retirement Plans Client Assets (Total Platform)3	101,142.60	97,738.50	94,811.00	90,162.20	85,907.90	83,442.70	80,885.00	78,307.90	74,841.10	72,526.80	73,204.40	67,861.10
XPV&P (XP Vida e Previdência Proprietary Insurer) Assets1	97,224.30	94,690.10	92,583.40	84,054.30	72,455.50	68,086.80	65,981.30	63,899.00	60,810.80	58,654.40	56,319.50	53,171.00
XPV&P Individual Retirement Plans (PGBL/VGBL) SUSEP Market Share(%)	5.0%	5.0%	5.0%	5.0%	5.0%	4.9%	4.9%	4.9%	4.9%
Third-Party Insurers Retirement Assets on XP Platform	3,918.30	3,048.40	2,227.60	6,107.80	13,452.30	15,355.90	14,903.70	14,408.90	14,030.30	13,872.40	16,884.80	14,690.10
Retirement Plans Gross Revenue	118.20	118.30	130.60	124.30	115.20	106.50	102.80	100.40	97.30	95.50	93.70	97.60
Total Cards Total Payment Volume (TPV)2	13,460.20	13,309.00	14,575.40	13,106.00	12,443.20	12,123.00	13,109.60	11,980.30	11,515.50	11,312.10	11,838.60	10,731.50
Credit Card TPV	13,137.60	12,957.00	14,169.80	12,733.00	12,085.10	11,777.40	12,758.20	11,656.10	11,231.90	11,041.20	11,563.20	10,493.40
Debit Card TPV (launched 3Q22)	322.60	352.00	405.50	373.00	358.10	345.60	351.40	324.20	283.70	270.90	275.50	238.10
Total Active Cards2	1,557.50	1,529.30	1,509.20	1,478.30	1,445.50	1,404.90	1,370.20	1,329.60	1,289.80	1,241.70	1,157.80	1,064.10
Active Credit Cards	1,005.80	996.80	998.30	994.20	990.90	984.10	987.20	989.90	985.80	969.40	920.90	867.90
Active Debit Cards (launched 3Q22)	551.70	532.50	510.80	484.10	454.60	420.80	382.90	339.70	303.90	272.30	236.80	196.20
Cards Monthly Average Spending per Active Card (All Cards)2	2.91	2.92	3.25	2.99	2.91	2.91	3.24	3.05	3.03	3.14	3.55	3.54
Credit Card Monthly Average Spending per Active Card	4.37	4.33	4.74	4.28	4.08	3.98	4.30	3.93	3.83	3.89	4.31	4.19
Debit Card Monthly Average Spending per Active Card	0.20	0.22	0.27	0.26	0.27	0.29	0.32	0.34	0.33	0.35	0.42	0.45
Cards Gross Revenue2	375.10	355.90	397.70	340.80	322.60	319.00	333.00	302.30	313.40	296.70	305.70	258.80
Cards Take Rate (Cards Gross Revenue / Cards TPV)(%)	2.8%	2.7%	2.7%	2.6%	2.6%	2.6%	2.5%	2.5%	2.7%	2.6%	2.6%	2.4%
Credit Card Cashback & Investback Rewards Operating Cost (IFRS Note)	179.80	163.30	139.00	129.60	153.50	105.30	116.90	97.90	117.70	102.70	105.60	91.60
Expanded Loan & Credit Portfolio (Loans + Credit Card + Corporate Securities)5	78.00	74.00	78.00	67.00	67.00	64.00	62.00	51.00	53.00	46.00	44.00	40.00
Expanded Credit Portfolio — Secured (Collateralized)	29.00	29.00	30.00	31.00	30.00	29.00	29.00	28.00	28.00	28.00	28.00	26.00
Expanded Credit Portfolio — Unsecured (Clean)	49.00	45.00	48.00	36.00	37.00	35.00	33.00	23.00	24.00	17.00	16.00	13.00
Loans Portfolio (On-Balance-Sheet ex-Credit Card) — Total2	27.00	24.00	25.00	26.00	25.00	22.00	21.00	20.00	19.00	22.00	21.00	20.00
Loans (ex-Credit Card) — Secured	18.00	18.00	19.00	19.00	18.00	18.00	17.00	17.00	18.00	21.00	19.00	19.00
Loans (ex-Credit Card) — Unsecured	9.00	6.00	6.00	7.00	7.00	4.00	4.00	3.00	2.00	2.00	2.00	1.00
Credit Card Receivables Portfolio — Total2	9.00	9.00	9.00	8.00	8.00	8.00	8.00	8.00	7.00	7.00	8.00	7.00
Credit Card Receivables — Secured (Investback / Collateralized)	8.00	7.00	8.00	6.00	6.00	6.00	6.00	5.00	5.00	5.00	5.00	5.00
Credit Card Receivables — Unsecured	2.00	2.00	2.00	2.00	2.00	2.00	2.00	3.00	2.00	2.00	2.00	2.00
Corporate Securities Credit Book (Debentures, CRI, CRA, FIDC, Commercial Notes) — Total2	42.00	42.00	43.00	33.00	34.00	34.00	32.00	23.00	26.00	16.00	16.00	13.00
Corporate Securities Credit Book — Secured	4.00	4.00	4.00	6.00	6.00	5.00	6.00	5.00	6.00	2.00	3.00	3.00
Corporate Securities Credit Book — Unsecured	38.00	38.00	40.00	27.00	28.00	28.00	26.00	17.00	20.00	13.00	12.00	10.00
Retail Credit Loan Portfolio (Gross of Provisions, ex-Credit Cards & Intercompany)2	26,793.00	23,548.00	25,221.30	26,004.00	25,320.00	22,167.00	21,246.70	20,137.10	19,302.70	22,495.50	21,004.30	19,898.10
Collateralized Share of Loan Portfolio(%)	70.0%	77.0%	76.0%		72.0%	80.0%	81.0%	85.0%	92.0%	92.0%
Retail Credit Gross Revenue	104.50	90.40	82.60	83.10	82.10	82.40	81.40	74.70	54.30	55.50	45.50	49.50
Insurance Gross Written Premiums (GWP)1	488.60	404.50	502.40	451.10	444.00	347.90	400.80	361.70	306.60	248.00	292.80	247.90
Insurance Gross Revenue	80.00	59.10	122.90	67.00	65.00	53.30	58.00	55.40	51.50	45.40	45.70	35.70

Gross Loan Operations (IFRS Consolidated)11	35,880.80	32,763.20	34,618.00	34,537.40	33,601.00	30,419.90	29,648.50	27,931.20	26,718.00	29,902.10	28,881.90	26,902.30
Pledged (Collateralized) Loan Operations — Total3	25,140.80	25,311.20	26,185.40	25,361.70	24,398.80	23,546.10	23,217.30	22,269.00	22,734.40	25,604.90	24,845.20	23,577.60
Pledged Loans — Retail	13,425.00	13,708.90	14,155.00	14,264.50	14,138.80	13,099.00	12,674.60	12,529.00	12,483.50	13,600.10	12,366.30	12,171.10
Pledged Loans — Companies	4,220.30	4,096.40	4,549.40	4,650.40	4,227.70	4,602.70	4,516.60	4,510.00	5,246.50	7,072.60	7,054.50	6,762.30
Pledged Loans — Credit Card	7,495.60	7,505.90	7,481.10	6,446.70	6,032.30	5,844.50	6,026.20	5,230.00	5,004.50	4,932.10	5,424.40	4,644.10
Non-Pledged (Unsecured) Loan Operations — Total3	10,739.90	7,452.10	8,432.60	9,175.70	9,202.20	6,873.70	6,431.20	5,662.20	3,983.60	4,297.30	4,036.60	3,324.70
Non-Pledged Loans — Credit Card	1,591.60	1,709.60	1,915.70	2,086.50	2,174.80	2,408.40	2,375.70	2,564.10	2,410.80	2,474.50	2,312.00	2,194.20
Non-Pledged Loans — Retail	359.40	218.10	265.20	179.50	245.40	463.30	549.10	318.30	271.50	407.70	764.70	408.60
Non-Pledged Loans — Companies	8,788.90	5,524.40	6,251.70	6,909.70	6,782.10	4,002.00	3,506.40	2,779.80	1,301.20	1,415.10	959.90	721.90
Expected Credit Loss (ECL) Allowance on Loan Operations	-439.50	-435.20	-475.90	-509.10	-486.40	-453.50	-420.10	-419.10	-397.30	-360.30	-330.00	-256.80
Net Loan Operations (Carrying Amount on Balance Sheet)	35,441.20	32,328.00	34,142.10	34,028.40	33,114.60	29,966.40	29,228.50	27,512.10	26,320.70	29,541.80	28,551.90	26,645.50
Loan Operations by Maturity — Overdue 1 Day or More	306.20	321.30	330.40	312.20	419.30	347.50	304.10	408.00	543.90	495.30	329.70	218.80
Loan Operations by Maturity — Up to 3 Months	8,497.70	8,173.50	8,252.90	7,667.10	5,637.90	5,978.30	6,014.40	5,949.80	5,687.60	6,695.10	6,739.10	6,385.10
Loan Operations by Maturity — From 3 to 12 Months	8,385.00	8,288.00	8,345.60	7,030.00	4,351.20	3,833.50	3,808.00	4,010.20	4,235.50	5,192.10	5,056.30	4,152.50
Loan Operations by Maturity — Over 12 Months	18,691.80	15,980.40	17,689.20	19,528.20	23,192.60	20,260.60	19,522.10	17,563.20	16,251.00	17,519.60	16,756.70	16,145.90
Loan Concentration — Largest Single Debtor	13,912.60	8,621.60	9,770.10	10,631.90	9,949.00	7,799.50	7,475.70	6,686.60	5,798.70	6,133.20	5,579.10	5,985.30
Loan Concentration — 10 Largest Debtors	9,013.90	5,861.80	6,950.80	7,825.60	7,313.30	5,044.70	4,799.00	4,008.50	3,210.90	3,215.90	2,921.70	3,176.50
Loan Concentration — 100 Largest Debtors	15,550.70	9,606.50	10,838.70	11,701.30	10,938.70	8,902.40	8,601.40	7,690.20	6,840.20	7,589.40	6,949.90	7,463.90
Total Market Funding & Debt Securities Payable (IFRS Note)4	116,704.90	117,047.40	123,403.50	106,737.50	104,245.60	99,621.60	95,248.50	90,589.20	72,396.90	63,037.20	60,365.60	53,093.70
Market Funding Instruments — Total4	114,239.40	112,239.80	118,366.40	101,772.90	99,160.90	94,322.40	88,483.50	84,359.30	67,446.40	57,320.60	54,831.50	47,039.90
Total Client & Interbank Deposits3	70,209.10	68,639.20	76,750.20	60,176.40	59,614.40	57,065.80	53,506.60	49,150.10	35,770.70	27,657.30	27,493.70	22,634.50
Time Deposits (CDB)	68,642.20	67,260.60	75,182.30	58,506.80	58,093.00	55,356.50	51,638.80	47,224.40	33,927.30	24,899.80	25,231.00	20,552.00
Interbank Deposits (CDI)	120.60	479.50	514.40	443.70	544.40	470.60	624.60	697.30	541.60	1,131.10	450.20	350.50
Demand Deposits	1,446.30	899.10	1,053.50	1,225.80	977.00	1,238.70	1,243.20	1,228.40	1,301.80	1,626.40	1,812.50	1,732.00
Financial Bills (Letras Financeiras — LF)	19,197.30	17,997.60	15,920.00	16,531.30	14,995.20	14,519.50	14,193.30	13,971.60	11,909.90	10,315.20	9,019.80	7,812.00
Structured Notes (Certificados de Operações Estruturadas — COE)	22,543.80	23,309.00	23,798.10	24,019.60	23,266.20	21,939.90	20,104.80	20,769.70	19,517.10	19,135.00	18,015.20	16,241.30
Other Market Funding Instruments (LCA, LCI & Agribusiness/Real Estate Bills)	2,289.20	2,293.90	1,898.20	1,045.70	1,285.00	797.10	678.80	467.90	248.70	213.10	302.90	352.10
Debt Securities — Senior Unsecured Bonds & International Notes	2,465.50	4,807.60	5,037.10	4,964.60	5,084.80	5,299.20	6,765.00	6,229.90	4,950.50	5,716.60	5,534.10	6,053.90
Financing Instruments Payable — Current (Up to 12 Months)	60,235.70	69,874.90	79,553.90	62,064.70	58,341.40	55,154.90	52,036.10	47,672.60	29,393.70	23,770.40	22,946.20	18,195.30
Financing Instruments Payable — Non-Current (Over 12 Months)	56,469.20	47,172.50	43,849.70	44,672.80	45,904.30	44,466.70	43,212.30	42,916.50	43,003.30	39,266.70	37,419.40	34,898.40
Judicial Provisions Recognized on Balance Sheet (Probable Loss Risk)3	196.60	217.70	191.70	170.30	161.80	173.10	146.20	134.60	129.00	101.50	97.70
Labor Provisions (Probable Loss)	108.20	132.90	114.70	107.80	109.80	111.90	85.90	76.80	75.50	55.60	58.00
Civil Provisions (Probable Loss)	86.90	83.20	75.40	61.00	50.50	59.60	58.70	56.30	52.90	44.30	37.90
Tax Provisions (Probable Loss)	1.50	1.50	1.50	1.50	1.50	1.50	1.50	1.50	0.60	1.50	1.50
Off-Balance-Sheet Contingent Liabilities (Possible Loss Risk)3	4,113.80	3,959.40	3,703.20	3,515.10	2,684.70	2,476.50	2,481.70	2,399.10	2,376.20	1,795.20	1,826.70
Tax Contingencies (Possible Loss)	2,187.80	2,130.90	2,105.10	2,065.90	1,447.60	1,377.00	1,338.50	1,262.80	1,244.30	653.80	653.70
Civil Contingencies (Possible Loss)	1,703.60	1,621.90	1,429.00	1,306.70	1,077.30	941.40	970.60	959.20	897.90	856.60	883.50
Labor Contingencies (Possible Loss)	222.50	206.60	169.10	142.50	159.80	158.10	172.60	177.20	234.00	284.80	289.50

Total Gross Revenue (Managerial)3	5,055.70	4,919.10	5,278.90	4,942.20	4,668.60	4,557.00	4,724.90	4,536.40	4,503.40	4,270.20	4,308.60	4,363.90
Retail Gross Revenue8	3,880.50	3,772.60	3,862.10	3,704.20	3,577.50	3,440.60	3,569.30	3,494.40	3,294.30	3,131.00	3,151.60	3,178.70
Retail — Fixed Income Revenue1	833.30	756.10	934.20	921.20	987.90	1,014.60	984.60	937.90	820.20	704.10	690.20	718.10
Retail — Fixed Income Revenue (legacy classification through 4Q22)			934.20	921.20	987.80	1,014.60	984.60	937.90	820.30	704.10	690.20	718.10
Retail — Equities Revenue1	1,138.30	1,167.20	1,035.10	1,043.40	1,029.60	959.00	1,000.80	1,058.70	1,115.30	1,128.20	1,180.10	1,130.60
Retail — Equities Revenue (legacy classification through 4Q22)			1,035.10	1,043.40	1,029.60	959.00	1,000.80	1,058.70	1,115.30	1,128.20	1,180.10	1,130.60
Retail — Funds Platform Revenue1	418.30	392.00	412.30	367.00	341.10	322.10	363.50	353.70	356.80	316.00	333.60	323.00
Retail — Funds Platform Revenue (legacy classification through 4Q22)			412.30	367.00	341.10	322.10	363.50	353.70	356.80	316.00	333.60	323.00
Retail — Cards Revenue	375.10	355.90	397.70	340.80	322.60	319.00	333.00	302.30	313.40	296.70	305.70	258.80
Retail — Retirement Plans Revenue	118.20	118.30	130.60	124.30	115.20	106.50	102.80	100.40	97.30	95.50	93.70	97.60
Retail — Credit Revenue	104.50	90.40	82.60	83.10	82.10	82.40	81.40	74.70	54.30	55.50	45.50	49.50
Retail — Insurance Revenue	80.00	59.10	122.90	67.00	65.00	53.30	58.00	55.40	51.50	45.40	45.70	35.70
Retail — Other Retail Revenue (Float, Global Investments & Other)1	812.70	833.70	746.70	757.40	634.00	583.70	645.20	611.40	485.50	489.70	457.00	565.40
Retail — Other Retail Revenue (legacy classification through 4Q22)			746.70	757.40	634.10	583.70	645.20	611.40	485.30	489.80	457.00	565.40
Wholesale Bank Gross Revenue4	1,175.20	1,146.50	1,241.40	1,068.90	889.30	906.40	931.30	891.70	975.70	862.90	921.10	904.50
Wholesale — Corporate Revenue1	606.20	498.40	491.10	406.20	278.80	280.50	261.80	229.40	245.10	228.30	177.50	196.70
Corporate Revenue (legacy classification through 4Q22)			491.10	406.20	278.80	280.50	261.80	229.40	245.10	228.30	177.50	196.70
Wholesale — Institutional Revenue1	382.80	379.20	346.50	339.70	342.80	344.20	332.30	339.80	346.20	354.30	413.20	385.50
Institutional Revenue (legacy classification through 4Q22)			346.50	339.70	342.80	344.20	332.30	339.80	346.20	354.30	413.20	385.50
Wholesale — Issuer Services (DCM / ECM / Structured Finance) Revenue	186.20	268.90	403.90	323.00	267.80	281.80	337.20	322.50	384.40	280.30	330.50	322.30
Corporate & Issuer Services Combined Revenue (legacy classification 1Q18–4Q22)			894.90	729.30	546.50	562.20	599.00	551.90	629.50	508.50	508.00	519.00
Other Gross Revenue	0.00	0.00	175.50	169.10	201.80	210.00	224.30	150.30	233.40	276.30	235.90	280.70
Sales Taxes & Deductions (Managerial)1	-171.80	-186.10	-261.90	-214.90	-170.10	-164.60	-186.50	-162.60	-180.70	-156.90	-187.40	-172.70
Sales Taxes & Deductions (legacy classification 1Q18–4Q22)			-327.90	-281.60	-213.20	-212.50	-237.80	-217.70	-283.60	-217.30	-263.10	-232.00
Net Revenue (Managerial)1	4,883.90	4,733.00	5,017.00	4,727.30	4,498.50	4,392.40	4,538.50	4,373.90	4,322.70	4,113.30	4,121.30	4,191.20
Net Revenue (legacy classification 1Q18–4Q22)			4,951.00	4,660.60	4,455.50	4,344.50	4,487.10	4,318.80	4,219.30	4,052.90	4,045.60	4,131.90
Cost of Goods Sold (COGS — Managerial)4	-1,531.20	-1,553.90	-1,536.00	-1,480.90	-1,409.00	-1,429.40	-1,378.20	-1,378.40	-1,279.20	-1,315.70	-1,292.20	-1,236.40
IFA Commissions and Incentives	-867.10	-908.80	-932.30	-908.00	-832.40	-830.40	-859.00	-902.30	-847.80	-851.60	-809.10	-780.50
Clearinghouse Fees	-204.50	-184.40	-156.70	-160.60	-167.20	-160.90	-153.90	-153.70	-132.70	-135.50	-122.30	-134.10
Other Operating Costs (Expected Credit Losses, Cashback & Other)	-459.60	-460.70	-447.00	-412.30	-409.30	-438.00	-365.40	-322.50	-298.80	-328.60	-360.90	-321.70
Cost of Goods Sold (legacy classification 1Q18–4Q22)			-1,536.00	-1,480.90	-1,409.00	-1,429.40	-1,378.30	-1,378.40	-1,279.20	-1,315.70	-1,292.20	-1,236.40
Gross Profit (Managerial)1	3,352.70	3,179.10	3,481.00	3,246.40	3,089.50	2,963.10	3,160.30	2,995.40	3,043.40	2,797.60	2,829.10	2,954.80
Gross Profit (legacy classification 1Q18–4Q22)			3,414.90	3,179.70	3,046.50	2,915.00	3,108.80	2,940.40	2,940.00	2,737.20	2,753.40	2,895.60
Selling, General & Administrative Expenses (SG&A — Managerial)3	-1,638.20	-1,608.70	-1,703.00	-1,662.00	-1,497.60	-1,408.00	-1,558.20	-1,453.50	-1,327.30	-1,405.90	-1,526.90	-1,540.70
People Expenses (SG&A)3	-1,109.50	-1,096.30	-1,139.70	-1,149.00	-1,014.50	-969.70	-1,086.70	-984.40	-978.00	-1,006.60	-1,021.70	-1,047.70
Salary and Payroll Taxes	-513.50	-479.70	-450.10	-452.10	-416.80	-438.80	-389.80	-443.60	-398.80	-432.20	-393.20	-395.70
Total Employee Bonuses	-486.00	-505.50	-565.40	-541.80	-434.90	-382.50	-582.10	-405.30	-445.90	-410.30	-462.30	-485.90
Share-Based Compensation Plan (SG&A)	-110.00	-111.10	-124.10	-155.20	-162.80	-148.40	-114.80	-135.50	-133.40	-164.10	-166.20	-166.10
Non-People Expenses (SG&A)5	-528.80	-512.40	-563.20	-512.90	-483.10	-438.40	-471.50	-469.10	-349.30	-399.30	-505.20	-493.00
Data Processing & Cloud Infrastructure	-266.60	-265.90	-266.70	-217.00	-292.20	-247.00	-231.50	-220.10	-205.60	-210.80	-211.50	-194.80
Marketing & Advertising	-76.10	-70.30	-80.30	-77.20	-80.10	-56.80	-41.40	-42.60	-32.90	-32.10	-59.50	-49.80
Technical Services	-59.60	-40.50	-53.40	-47.30	-36.80	-29.80	-47.30	-36.00	-33.40	-33.90	-48.70	-50.00
Third Parties' Services	-48.80	-49.20	-60.80	-99.00	-62.50	-37.90	-62.80	-142.10	-65.80	-47.90	-77.60	-108.60
Other Administrative Expenses	-77.70	-86.50	-102.10	-72.40	-11.40	-66.90	-88.50	-28.30	-11.60	-74.60	-107.90	-89.80
SG&A Expenses (legacy classification 1Q18–4Q22)			-1,714.50	-1,662.40	-1,498.50	-1,408.60	-1,566.60	-1,454.20	-1,327.90	-1,406.40	-1,538.50	-1,541.00
Depreciation & Amortization (Managerial)	-87.60	-68.50	-62.80	-69.20	-74.20	-71.80	-57.40	-69.90	-63.70	-66.00	-80.40	-64.20
Interest Expense on Corporate Debt (Managerial)	-116.30	-102.90	-130.40	-142.00	-175.80	-177.20	-196.00	-198.50	-203.70	-181.30	-166.90	-135.30
Share of Profit or (Loss) in Joint Ventures and Associates	54.40	18.70	55.10	31.00	22.30	7.50	2.50	-3.30	41.00	7.10	29.70	9.40
Earnings Before Taxes (EBT — Managerial)6	1,565.00	1,417.70	1,639.80	1,404.20	1,364.20	1,313.50	1,351.10	1,270.30	1,489.70	1,151.50	1,084.60	1,224.00
EBT Margin (EBT / Net Revenue)(%)	32.0%	30.0%	32.7%	29.7%	30.3%	29.9%	29.8%	29.0%	34.5%	28.0%	26.3%	29.2%
Income Tax Expense (Managerial)	-180.70	-99.90	-309.20	-74.20	-42.80	-77.50	-140.90	-83.70	-371.30	-121.90	-44.50	-137.40
Effective Tax Rate (Managerial)(%)	11.6%	7.1%	18.9%	5.3%	3.1%	5.9%	10.4%	6.6%	24.9%	10.6%	4.1%	11.2%
Tax Withholding in Exclusive Investment Funds	-15.20	-30.30	-44.90	-174.40	-173.60	-177.20	-184.70	-154.10	-106.90	-167.10	-175.10	-168.60
Effective Tax Rate Including Tax Withholding in Funds(%)	12.4%	9.0%	21.0%	15.8%	14.1%	17.1%	21.2%	16.7%	30.0%	21.9%	17.4%	22.0%
Earnings Before Taxes (legacy classification 1Q18–4Q22)			1,547.40	1,330.50	1,317.90	1,262.50	1,289.20	1,212.50	1,383.70	1,088.50	995.10	1,157.40
Adjusted Net Income (Total Including Non-Controlling Interest)7	1,384.30	1,317.70	1,330.60	1,330.00	1,321.40	1,236.10	1,210.10	1,186.60	1,118.50	1,029.60	1,040.00	1,086.60
Adjusted Net Income (Excluding Non-Controlling Interest)	1,391.80	1,344.60	1,344.60	1,319.60	1,318.90	1,235.50	1,209.60	1,185.90	1,117.30	1,030.00	1,042.20	1,086.20
Adjusted Net Margin(%)	28.3%	27.8%	26.5%	28.1%	29.4%	28.1%	26.7%	27.1%	25.9%	25.0%	25.2%	25.9%
Adjusted Diluted Earnings Per Share (EPS)	2.67	2.49	2.56	2.47	2.46	2.29	2.23	2.18	2.03	1.85	1.88	1.96
Adjusted Basic Earnings Per Share (EPS)	2.71	2.53	2.58	2.51	2.50	2.31	2.25	2.21	2.05	1.88	1.90	1.99
Weighted Average Diluted Shares Outstanding	520.55	525.35	525.34	534.93	535.82	535.28	542.31	544.45	551.49	556.67	554.02	553.60
Weighted Average Basic Shares Outstanding	513.49	518.55	520.25	526.03	527.88	535.28	538.07	536.46	543.85	548.43	548.26	546.56
Dilutive Effect of Share-Based Compensation Plans	7.06	6.80	5.09	8.89	7.93	4.25	4.24	8.00	7.64	8.25	5.76	7.04
Adjusted Return on Average Equity (ROAE — Annualized, Including Minority Interest)(%)2	22.4%	21.8%	22.5%	23.2%	24.4%	24.1%	23.4%	23.0%	22.1%	20.7%	21.1%	22.6%
Adjusted Return on Average Equity (ROAE — Annualized, Excluding Minority Interest)(%)	22.5%	22.3%	22.8%	23.0%	24.4%	24.1%	23.4%	23.0%	22.1%	20.7%	21.1%	22.6%
Adjusted Return on Average Tangible Equity (ROTE — Annualized)(%)	27.2%	26.2%	27.7%	28.0%	30.1%	30.2%	29.2%	28.4%	27.2%	25.4%	25.6%	25.8%
Efficiency Ratio (LTM SG&A / LTM Net Revenue)(%)3	34.3%	34.6%	34.2%	34.2%	34.0%	33.6%	34.1%	34.8%	35.4%	35.9%	35.6%	36.7%
Compensation Ratio (LTM People SG&A / LTM Net Revenue)(%)	23.2%	23.2%	22.9%	23.2%	22.8%	22.8%	23.4%	23.6%	24.2%	24.8%	24.7%	25.4%
Efficiency Ratio (LTM, legacy definition 1Q18–4Q22)(%)			34.7%	34.7%	34.5%	34.1%	34.7%	35.5%	36.1%	36.5%	36.3%	37.3%
Compensation Ratio (LTM, legacy definition 1Q18–4Q22)(%)			23.2%	23.5%	23.0%	23.1%	23.8%	24.0%	24.7%	25.2%	25.1%	25.7%
Total Capital Distribution to Shareholders (Dividends + Share Buybacks)2	1,316.50	197.50	1,345.60	133.60	417.10	497.80	2,105.10	0.00	1,238.20	10.30	1,964.70	1,577.60
Cash Dividends Distributed	518.00	0.00	495.00	0.00	0.00	0.00	2,000.00	0.00	0.00	0.00	1,964.70	1,577.60
Share Repurchases (Buybacks)	798.50	197.50	850.60	133.60	417.10	497.80	105.10	0.00	1,238.20	10.30	0.00	0.00

Total Revenue and Income (IFRS)5	4,849.50	4,674.30	4,937.90	4,660.70	4,455.50	4,344.50	4,439.90	4,318.80	4,219.30	4,052.90	4,045.60	4,131.90
Net Revenue from Services Rendered (IFRS)7	1,968.80	1,932.30	2,431.80	2,090.50	1,794.50	1,649.90	1,911.90	1,940.50	1,948.60	1,623.90	1,880.80	1,822.50
Brokerage Commission	528.80	581.90	521.80	501.00	527.70	473.20	521.60	575.50	540.80	495.40	484.80	525.30
Securities Placement	473.10	476.70	882.70	682.20	454.80	477.40	539.60	569.50	686.40	489.50	687.20	636.70
Management Fees (Asset & Wealth Management)	558.30	532.40	546.80	486.60	440.60	413.20	444.10	445.60	442.70	410.60	413.50	414.50
Insurance Brokerage Fee	62.30	58.10	58.50	61.80	60.50	57.70	58.00	60.60	51.70	49.10	48.50	43.30
Commission Fees (Cards & Other)	286.30	267.70	358.50	305.40	285.00	240.50	317.40	211.10	259.80	208.40	220.00	206.00
Other Services Revenue	231.80	201.50	325.50	268.40	196.00	152.50	217.80	240.70	147.90	127.70	214.10	169.40
Taxes and Contributions on Services	-171.90	-186.10	-261.90	-214.90	-170.10	-164.60	-186.50	-162.60	-180.70	-156.90	-187.40	-172.70
Net Income from Financial Instruments at Fair Value Through Profit or Loss (FVTPL)	5,137.50	3,912.10	4,940.00	4,186.90	3,514.80	3,596.40	3,415.50	3,239.40	2,515.10	2,201.80	1,854.10	2,167.70
Net Income from Financial Instruments at Amortized Cost and FVOCI	-2,256.80	-1,170.00	-2,433.90	-1,616.60	-853.90	-901.80	-887.50	-861.10	-244.40	227.30	310.70	141.70
Total Revenue and Income by Geography — Brazil (SEC Note)	4,626.20	4,460.90	7,427.40	3,026.60	4,132.20	4,132.20	4,244.50	4,124.70	4,046.50	3,872.50	3,881.40	4,019.30
Total Revenue and Income by Geography — International / Other Countries (SEC Note)	223.20	213.50	-2,489.40	1,634.10	212.30	212.30	195.50	0.20	172.80
Operating Costs and Expenses (IFRS Total)5	-3,334.30	-3,330.90	-3,400.60	-3,330.10	-3,137.50	-3,081.80	-3,138.60	-3,106.30	-2,835.60	-2,964.40	-3,050.40	-2,974.50
Operating Costs (IFRS)5	-1,435.30	-1,442.20	-1,469.70	-1,391.00	-1,319.40	-1,282.90	-1,276.00	-1,331.90	-1,236.40	-1,218.80	-1,168.70	-1,121.60
Commission and Incentive Costs (IFRS Note)	867.10	908.80	932.30	901.50	832.40	830.40	859.00	902.30	847.80	851.60	809.10	780.50
Clearing House Fees (IFRS Note)	204.50	184.40	156.70	160.60	167.20	160.90	153.90	153.70	132.70	135.50	122.20	134.10
Third Parties' Services in Operating Costs (IFRS Note)	111.20	130.30	3.60	81.20	80.10	104.90	14.40	19.20	19.90	15.30	5.70	21.60
Operating Losses and Provisions (IFRS Note)	36.20	33.40	40.50	53.30	46.20	45.70	44.60	49.30	38.30	39.30	26.40	20.90
Other Operating Costs (IFRS Note)	36.50	22.00	197.60	64.80	40.10	35.60	87.20	109.50	80.10	74.30	99.70	72.80
Selling Expenses (IFRS)	-76.10	-70.30	-80.30	-77.20	-80.10	-56.80	-41.40	-42.60	-32.90	-32.10	-59.50	-49.80
Administrative Expenses (IFRS Total)8	-1,703.50	-1,640.90	-1,712.20	-1,685.50	-1,572.40	-1,448.50	-1,528.50	-1,565.00	-1,456.00	-1,451.70	-1,547.10	-1,544.20
Personnel Expenses (IFRS)	-1,109.50	-1,096.30	-1,136.70	-1,141.80	-1,014.50	-969.70	-1,027.40	-984.40	-978.00	-1,006.60	-1,021.70	-1,047.70
Data Processing Expenses (IFRS)	-266.60	-265.90	-266.70	-212.60	-292.20	-247.00	-231.50	-220.10	-205.60	-210.80	-211.50	-194.80
Third Parties' Services (IFRS Administrative)	-48.80	-49.20	-60.80	-99.00	-62.50	-37.90	-62.80	-142.10	-65.80	-47.90	-77.60	-108.60
Technical Services (IFRS Administrative)	-59.60	-40.50	-53.40	-47.30	-36.80	-29.80	-47.30	-36.00	-33.40	-33.90	-48.70	-50.00
Depreciation of Property, Equipment & Right-of-Use Assets (IFRS)	-59.20	-39.90	-34.00	-34.70	-35.90	-36.30	-35.30	-31.10	-29.90	-28.90	-38.40	-26.70
Amortization of Intangible Assets (IFRS)	-43.20	-43.40	-43.80	-41.00	-40.60	-37.80	-24.20	-40.90	-35.90	-39.10	-44.10	-44.60
Other Taxes Expenses (IFRS)	-25.90	-10.50	-17.80	-16.70	-17.40	-12.20	-16.60	-17.40	-23.70	-33.60	-13.90	-19.60
Other Administrative Expenses (IFRS)	-90.60	-95.00	-99.10	-92.40	-72.50	-77.90	-83.40	-93.00	-83.70	-50.70	-91.20	-52.20
Expected Credit Losses (ECL Provision Expense — IFRS)	-95.90	-111.70	-66.40	-90.00	-89.50	-146.40	-102.20	-46.60	-42.80	-96.90	-123.50	-114.80
Other Operating Income (Expenses), Net (IFRS)	38.20	18.50	3.30	24.50	77.50	22.60	3.10	81.30	95.20	9.20	-14.40	-18.30
Income Before Income Tax (IFRS)4	1,515.10	1,343.50	1,537.30	1,330.60	1,317.90	1,262.70	1,301.40	1,212.50	1,383.70	1,088.50	995.10	1,157.40
Interest Expense on Debt (IFRS)	-116.30	-102.90	-130.40	-142.00	-175.80	-177.20	-196.00	-198.50	-203.70	-181.30	-166.90	-135.30
Share of Profit or (Loss) in Joint Ventures and Associates (IFRS)	54.40	18.70	55.10	31.00	22.30	7.50	2.50	-3.30	41.00	7.10	29.70	9.40
Income Tax Expense (IFRS)	-130.80	-25.70	-255.60	-0.50	3.50	-26.70	-120.60	-25.90	-265.70	-58.90	44.90	-70.80
Consolidated Net Income (IFRS)	1,384.30	1,317.70	1,281.70	1,330.10	1,321.40	1,236.10	1,180.70	1,186.60	1,117.90	1,029.60	1,040.00	1,086.60
Total Assets (IFRS Quarterly Balance Sheet)9	408,031.10	414,310.50	396,528.40	399,477.10	373,850.40	349,966.00	347,456.80	316,399.80	297,140.90	278,921.60	249,040.70	233,427.30
Cash	7,977.90	8,790.90	10,356.60	12,412.80	12,087.50	8,226.30	5,610.50	4,625.70	5,604.40	3,938.60	3,943.30	3,821.70
Total Financial Assets3	377,228.90	383,856.50	365,169.00	366,905.30	342,387.10	321,791.20	321,698.00	291,996.30	272,686.30	257,761.30	229,197.20	214,837.80
Financial Assets at Fair Value Through Profit or Loss (FVTPL)2	254,617.10	266,126.50	239,754.60	240,427.90	224,965.40	213,088.70	196,185.20	167,489.20	170,034.90	144,887.30	127,015.70	120,853.70
Securities at FVTPL	206,944.20	210,523.00	198,834.10	184,428.20	171,833.10	162,095.00	149,985.40	133,716.60	134,481.30	112,185.10	103,282.20	101,038.70
Derivative Financial Instruments (Asset)	47,672.90	55,603.50	40,920.60	55,999.80	53,132.40	50,993.70	46,199.80	33,772.60	35,553.60	32,702.20	23,733.50	19,815.00
Financial Assets at Fair Value Through Other Comprehensive Income (FVOCI — Securities)	30,904.80	30,262.60	42,223.30	42,557.80	51,285.20	51,001.30	50,880.00	50,552.20	38,385.90	40,310.40	44,062.90	38,486.20
Financial Assets Evaluated at Amortized Cost6	91,707.00	87,467.40	83,191.00	83,919.60	66,136.40	57,701.20	74,632.80	73,954.90	64,265.50	72,563.60	58,118.60	55,497.90
Securities at Amortized Cost	5,491.50	5,740.50	7,406.90	8,134.00	7,250.40	5,677.00	2,836.10	3,152.40	3,612.90	4,458.70	6,855.40	6,175.00
Securities Purchased Under Agreements to Resell (Reverse Repo)	25,611.00	15,823.00	17,063.10	15,029.30	10,120.70	7,901.20	22,057.10	26,152.60	21,772.60	30,291.30	14,889.00	12,252.00
Securities Trading and Intermediation (Receivable)	7,421.80	9,265.20	6,299.50	5,812.10	5,493.60	4,703.10	6,499.10	2,933.70	4,440.00	2,512.10	2,932.30	3,569.10
Accounts Receivable	1,164.60	1,161.10	1,366.40	1,171.20	1,055.20	927.80	778.90	958.20	674.50	639.10	681.20	620.00
Loan Operations (Net Carrying Amount)	35,441.20	32,328.00	34,142.10	34,028.40	33,114.60	29,966.40	29,228.50	27,512.10	26,320.70	29,541.80	28,551.90	26,645.50
Other Financial Assets at Amortized Cost	16,576.80	23,149.50	16,913.00	19,744.70	9,101.80	8,525.70	13,233.00	13,245.90	7,444.80	5,120.70	4,208.70	6,236.40
Other Non-Financial Assets (Total)4	11,853.00	11,099.20	10,769.70	10,301.60	9,993.00	10,614.40	10,657.10	10,743.20	10,137.70	9,005.60	7,812.00	7,585.70
Recoverable Taxes	567.60	519.70	442.80	578.50	569.90	554.70	452.60	523.30	392.30	436.80	245.20	301.90
Right-of-Use Lease Assets	471.50	347.40	340.60	326.20	360.50	355.10	313.10	346.70	390.30	250.70	281.80	203.60
Prepaid Expenses	4,413.90	4,529.80	4,063.40	4,096.80	4,171.10	4,360.70	4,363.20	4,478.90	4,432.30	4,476.60	4,418.30	4,400.80
Other Miscellaneous Assets	6,400.10	5,702.20	5,922.90	5,300.10	4,891.50	5,344.00	5,528.20	5,394.30	4,922.90	3,841.50	2,866.70	2,679.50
Deferred Tax Assets	3,829.00	3,496.70	3,370.90	3,050.80	2,855.60	2,849.50	2,887.90	2,572.20	2,597.00	2,183.70	2,104.10	2,022.60
Investments in Associates and Joint Ventures	3,717.80	3,691.40	3,635.30	3,682.60	3,518.20	3,515.00	3,518.80	3,431.30	3,129.40	3,114.90	3,108.70	2,260.80
Property and Equipment	470.70	467.50	463.50	420.60	344.40	319.20	450.00	435.10	416.00	394.80	373.40	347.70
Goodwill and Intangible Assets	2,953.80	2,908.30	2,763.30	2,703.40	2,664.60	2,650.40	2,634.40	2,596.10	2,570.10	2,522.70	2,502.00	2,551.00
Selected Assets by Geography — Brazil (SEC Note)	18,866.40	18,032.60	16,884.20	16,890.60	16,340.10	16,278.20	16,400.00	16,731.90	15,500.00	14,400.60	13,255.80	12,133.30
Selected Assets by Geography — International / Other Countries (SEC Note)	128.90	133.90	747.60	217.60	180.20		860.30				596.90
Total Liabilities (IFRS Quarterly Balance Sheet)3	383,199.40	389,584.70	372,980.60	375,808.50	351,580.60	328,919.70	327,409.50	295,042.10	277,178.70	258,496.90	229,589.80	213,404.10
Total Financial Liabilities2	282,266.10	291,959.30	276,497.40	288,572.00	275,935.50	258,017.00	257,965.00	228,017.80	213,285.20	198,443.70	171,237.10	158,537.00
Financial Liabilities at Fair Value Through Profit or Loss (FVTPL)2	69,298.00	73,527.40	58,590.40	78,261.50	66,018.70	65,456.50	55,301.10	51,216.20	49,596.90	51,916.90	45,208.50	32,888.10
Securities Liabilities at FVTPL	27,039.70	23,202.40	21,043.50	23,744.30	13,970.90	18,102.00	15,253.40	18,602.50	14,683.50	17,528.20	20,423.10	14,342.50
Derivative Financial Instruments (Liability)	42,258.30	50,324.90	37,546.90	54,517.20	52,047.80	47,354.50	40,047.70	32,613.70	34,913.40	34,388.80	24,785.40	18,545.60
Financial Liabilities Evaluated at Amortized Cost6	212,968.20	218,431.90	217,907.00	210,310.50	209,916.90	192,560.50	202,663.90	176,801.60	163,688.30	146,526.80	126,028.70	125,648.90
Securities Sold Under Repurchase Agreements (Repo)	61,111.80	61,808.80	58,713.90	70,931.20	71,157.50	54,371.90	71,779.70	51,135.20	53,889.80	49,054.30	33,340.50	39,517.10
Securities Trading and Intermediation (Payable)	20,033.50	26,270.60	22,420.80	17,436.20	17,001.30	20,716.80	18,475.00	20,040.50	19,034.40	16,394.80	16,943.50	17,062.00
Financing Instruments Payable (Deposits, Financial Bills, COE & Bonds)	116,704.90	117,047.40	123,403.50	106,737.50	104,245.60	99,621.60	95,248.50	90,589.20	72,396.90	63,037.20	60,365.60	53,093.70
Accounts Payables	807.70	890.00	810.20	734.00	719.90	871.30	763.50	805.60	623.20	954.00	948.20	603.80
Borrowings	1,855.20	477.50	237.90	1,575.50	3,003.50	3,502.10	1,666.40	0.00	2,528.10	2,266.60	2,199.40	1,259.80
Other Financial Liabilities at Amortized Cost	12,455.10	11,937.50	12,320.70	12,896.00	13,789.00	13,476.80	14,730.90	14,231.00	15,215.90	14,819.90	12,231.40	14,112.40
Other Non-Financial Liabilities (Total)5	100,302.10	97,127.00	95,993.80	86,856.80	75,344.20	70,612.20	69,179.20	66,781.00	63,692.70	59,935.00	58,266.30	54,793.20
Retirement Plans Technical Reserves & Liabilities (XPV&P)	97,723.40	95,171.50	93,023.40	84,436.70	72,876.20	68,432.40	66,224.40	64,125.90	60,981.30	58,654.40	56,409.10	53,279.70
Social and Statutory Obligations	1,261.60	735.70	1,365.30	832.00	1,076.60	619.10	1,310.90	750.80	1,111.10	625.40	1,146.10	711.10
Taxes and Social Security Obligations	875.00	625.20	853.30	770.40	611.90	515.90	417.70	507.50	626.50	501.00	559.60	488.40
Provisions and Contingent Liabilities	196.60	217.70	191.70	170.30	161.80	173.10	146.20	134.60	129.00	101.50	97.70	109.60
Other Miscellaneous Liabilities	245.50	376.90	560.20	647.30	617.70	871.80	1,080.10	1,262.20	844.90	52.70	53.80	204.30
Deferred Tax Liabilities	631.20	498.40	489.50	379.70	300.90	290.40	265.30	243.30	200.90	118.20	86.40	74.00
Total Shareholders' Equity (IFRS Quarterly Balance Sheet)2	24,831.70	24,725.90	23,547.70	23,668.60	22,269.80	21,046.30	20,047.20	21,357.70	19,962.20	20,424.80	19,450.80	20,023.20
Equity Attributable to Owners of the Parent Company5	24,831.10	24,717.50	23,546.70	23,663.90	22,263.30	21,042.10	20,043.60	21,353.10	19,957.80	20,421.20	19,449.30	20,013.90
Capital Reserves	23,635.80	24,117.60	24,008.90	20,337.70	20,204.70	21,075.40	20,939.70	18,401.50	19,401.80	19,332.50	19,190.00	18,745.50
Retained Earnings	-1,121.10	1,309.70	0.00	3,874.10	2,554.50	1,235.50	0.00	3,333.20	2,147.30	1,030.00	0.00	1,278.90
Other Comprehensive Income (Accumulated)	-385.10	-387.30	-337.10	-276.50	-358.10	-548.90	-674.00	-264.50	-225.60	186.20	376.40	106.70
Treasury Shares	2,701.50	-322.60	-125.10	-271.40	-137.80	-720.00	-222.20	-117.10	-1,365.70	-127.50	-117.10	-117.10
Issued Capital	0.03	0.03	0.03	0.03	0.05	0.03	0.03	0.03	0.03	0.03	0.02	0.02
Non-Controlling Interest (IFRS Quarterly)	0.60	8.40	1.00	4.70	6.50	4.20	3.70	4.60	4.30	3.60	1.50	9.30

Total Capital Ratio / BIS Ratio (XP Consolidated)(%)3	20.3%	20.7%	20.4%	21.2%	20.1%	19.0%	17.7%	21.5%	20.5%	20.8%	20.2%	22.9%
Common Equity Tier I (CET1) Ratio(%)	17.1%	17.5%	17.3%	18.5%	18.5%	17.3%	16.1%	19.6%	18.7%	18.8%	19.1%	21.7%
Additional Tier I (AT1) Ratio(%)	1.5%	1.5%	1.4%	0.8%	0.8%	0.8%	0.9%	0.9%	0.9%	1.0%
Tier II Capital Ratio(%)	1.7%	1.7%	1.7%	1.9%	0.8%	0.9%	0.8%	0.9%	0.9%	1.0%	1.1%	1.2%
Reference Shareholders' Capital (Patrimônio de Referência — XP Consolidated)3	25,659.60	25,256.10	24,260.70	22,819.70	20,294.00	19,260.90	18,720.70	20,319.80	18,767.10	17,773.70	15,822.80	16,723.40
Common Equity Tier I (CET1) Capital	21,658.50	21,355.30	20,568.70	19,891.00	18,614.40	17,585.80	16,992.40	18,595.50	17,096.00	16,106.60	14,992.30	15,861.10
Additional Tier I (AT1) Capital	1,879.10	1,862.30	1,637.00	885.50	848.40	815.90	897.60	868.60	841.00	811.10
Tier II Capital	2,122.00	2,038.50	2,055.00	2,043.20	831.20	859.20	830.70	855.80	830.10	856.00	830.50	862.40
Total Risk-Weighted Assets (RWA — XP Consolidated)3	126,588.50	122,224.90	118,984.20	107,643.00	100,861.40	101,524.30	105,754.00	94,678.80	91,555.30	85,503.10	78,348.30	72,978.30
Credit Risk RWA	65,956.10	60,759.00	60,982.90	54,445.00	49,556.50	46,537.80	42,684.00	43,013.00	53,669.30	39,023.30	35,866.50	31,186.60
Market Risk RWA	40,648.60	41,482.10	40,698.20	35,895.00	35,518.40	39,199.90	38,070.90	26,667.10	16,642.80	14,457.30	14,626.90	13,936.90
Operational Risk RWA	19,983.80	19,983.90	17,303.10	17,303.00	15,786.50	15,786.50	24,998.70	24,998.70	21,243.30	32,022.60	27,854.90	27,854.90
Average Daily Value at Risk — VaR (1-Day, 95% Confidence, bps of Equity)(bps)1	18	14	17	12	13	16	16	10	23	15	12	12
Average Daily Value at Risk — VaR (1-Day, 95% Confidence, Monetary)	44.00	36.00	39.00	29.00	28.00	33.00	32.00	22.00
BCB Supervisory Basel Ratio (Índice de Basileia — XP Prudential Conglomerate)(%)4	13.3%	11.9%	12.6%	13.9%	13.7%	13.3%	11.6%	13.7%	12.7%	13.1%	16.0%	13.1%
BCB Supervisory Tier I Capital Ratio (Índice de Capital Nível I)(%)	10.6%	10.0%	10.6%	11.8%	12.7%	12.3%	10.6%	12.3%	11.3%	11.6%	14.5%	11.2%
BCB Supervisory CET1 Ratio (Índice de Capital Principal)(%)	7.7%	7.2%	7.8%	9.7%	10.4%	10.1%	8.4%	9.3%	8.9%	10.2%	14.5%	11.2%
BCB Supervisory Basel III Leverage Ratio (Razão de Alavancagem)(%)	3.8%	3.7%	3.7%	3.8%	4.3%	4.4%	4.1%	3.6%	3.5%	3.5%	4.0%	3.0%
BCB Fixed Asset Immobilization Ratio (Índice de Imobilização)(%)	47.1%	47.0%	46.5%	47.1%	48.4%	37.6%	42.4%	21.2%	23.4%	23.9%	20.6%	5.8%
BCB Supervisory Total Reference Capital (Patrimônio de Referência — PR)2	13,268.80	12,659.70	12,607.20	13,037.60	11,688.00	11,709.70	10,212.10	8,504.00	7,661.00	7,476.20	8,653.10	5,974.80
BCB Supervisory Tier I Capital2	10,630.50	10,621.10	10,552.60	10,994.40	10,856.80	10,850.40	9,381.30	7,648.20	6,830.90	6,620.20	7,822.60	5,112.40
BCB Supervisory CET1 Capital (Capital Principal)	7,675.30	7,610.70	7,818.60	9,063.30	8,941.60	8,912.40	7,406.40	5,743.30	5,387.80	5,809.10	7,822.60	5,112.40
BCB Supervisory Additional Tier I Capital (Capital Complementar)	2,955.30	3,010.50	2,734.00	1,931.20	1,915.20	1,938.10	1,975.00	1,904.90	1,443.10	811.10
BCB Supervisory Tier II Capital (Capital Nível II)	2,638.30	2,038.50	2,054.70	2,043.20	831.20	859.20	830.70	855.80	830.10	856.00	830.50	862.40
BCB Supervisory Total Risk-Weighted Assets (RWA — XP Prudential)5	99,904.20	106,086.80	100,054.80	93,539.10	85,647.40	88,152.80	88,407.60	62,095.00	60,424.70	57,181.20	53,954.10	45,638.90
BCB Credit Risk RWA (RWACPAD)	65,020.60	61,511.40	59,785.70	60,130.80	53,905.70	51,114.90	50,438.40	34,918.00	37,407.50	34,590.00	32,756.20	25,671.80
BCB Market Risk RWA (RWAMPAD) — Total5	17,203.20	26,895.10	23,608.10	16,744.90	16,673.20	21,969.40	21,586.30	10,794.10	6,692.80	6,266.80	5,204.10	3,973.40
Market RWA — Interest Rate Risk (RWAJUR)	4,954.30	4,828.60	4,882.00	3,594.90	3,504.70	3,306.10	3,230.20	2,161.30	2,672.90	3,728.90	3,097.90	2,143.10
Market RWA — FX & Gold Risk (RWACAM)	406.00	323.40	97.10	585.00	83.50	618.10	167.40	156.00	259.30	211.70	121.40	68.30
Market RWA — Equity Price Risk (RWAACS)	2,828.50	1,387.10	567.30	275.40	190.90	276.30	295.70	262.90	81.50	21.30	38.60	190.00
Market RWA — Credit Valuation Adjustment (RWACVA)	4,802.50	5,531.20	5,518.20	5,636.80	5,049.90	6,037.60	7,223.70	3,474.90	3,679.10	2,304.90	1,868.10	1,571.90
Market RWA — Default Risk in Trading Book (RWADRC)	4,211.90	14,824.80	12,543.50	6,652.80	7,844.30	11,731.30	10,663.60	4,739.00
BCB Operational Risk RWA (RWAOPAD)	17,680.30	17,680.30	16,661.00	16,663.40	15,068.50	15,068.50	16,382.80	16,382.80	16,324.40	16,324.40	15,993.70	15,993.70
BCB Total Leverage Exposure (Exposição Total)	281,293.00	289,022.20	286,416.60	287,724.20	251,368.50	249,090.80	230,036.00	213,729.50	197,352.70	190,683.70	193,606.60	170,992.20
BCB Interest Rate Risk in the Banking Book (IRRBB Capital Requirement)	681.00	671.70	698.00	335.70	297.50	199.30	412.90

Active Credit Clients in BCB Supervisory Credit Registry (SCR — XP Prudential)1	1,001,306	956,818	956,811	960,875	978,803	965,440	967,246	966,970	960,923	982,712	943,017	896,777
Active Credit Operations / Contracts in BCB SCR	1,331,613	1,318,551	1,303,869	1,300,043	1,356,941	1,320,489	1,305,633	1,297,862	1,301,726	1,279,026	1,214,930	1,147,065
Total Active Credit Portfolio in BCB SCR (XP Prudential)11	31,673.00	29,250.40	30,955.90	29,650.40	28,686.30	28,358.40	28,281.60	27,060.50	25,825.00	29,206.80	29,663.40	27,699.60
Domestic Credit Portfolio in BCB SCR — Total2	28,254.10	28,777.60	30,551.80	29,420.80	28,446.00	28,048.30	28,281.60	27,060.50	25,825.00	29,206.80	29,663.40	27,699.60
Individuals (Pessoa Física — Domestic) Credit Portfolio	20,698.40	21,164.90	21,674.50	20,634.80	20,262.00	20,078.80		19,678.20	19,187.70	20,591.30	20,569.10	19,417.60
Corporates (Pessoa Jurídica — Domestic) Credit Portfolio4	7,555.70	7,612.70	8,877.30	8,786.00	8,184.10	7,969.50	7,976.90	7,382.30	6,637.40	8,615.50	9,094.20	8,282.00
Corporate Credit by Borrower Size — Large (Grande)	1,025.70	1,515.40	1,056.90	1,014.80	458.90	450.40	426.60	556.80	363.00	381.40	248.90	280.40
Corporate Credit by Borrower Size — Medium (Médio)	2,147.80	2,255.30	2,131.00	2,006.40	2,011.90	1,905.50	1,971.50	2,121.10	2,323.20	3,197.80	3,626.60	2,832.20
Corporate Credit by Borrower Size — Small (Pequeno)	551.60	734.80	803.70	805.30	906.40	1,263.00	1,268.80	1,172.90	1,268.70	1,396.00	1,729.40	1,493.30
Corporate Credit by Borrower Size — Micro (Microempresa)	2,643.80	538.10	424.60	436.60	422.60	265.50	267.90	246.70	886.10	748.50	750.60	574.50
Overseas Branches Credit Portfolio in BCB SCR — Total1	3,418.90	472.80	404.10	229.60	240.30	310.10
Corporates (Pessoa Jurídica — Overseas) Credit Portfolio	3,026.10	463.60	404.10	229.60	240.30	310.10
Credit Portfolio by Indexer — Floating CDI Post-Fixed Rate	14,099.00	14,765.80	14,796.50	14,698.50	14,291.50	14,242.80	14,443.40	14,667.10	15,274.00	18,777.20	18,477.20	18,025.90
Credit Portfolio by Indexer — Pre-Fixed Interest Rate	12,621.30	12,589.30	12,668.60	11,632.20	11,168.60	11,005.60	11,038.80	10,720.30	10,199.20	10,065.50	9,875.90	8,770.70
Credit Portfolio by Indexer — IPCA Inflation-Indexed	1,339.20	1,279.30	2,772.60	2,694.10	2,608.80	2,490.90	2,386.10	1,289.70	0.60		50.30	61.10
Credit Portfolio by Indexer — FX & Other Indexers	193.50	139.90	310.90	349.50	330.40	306.10	410.80	380.20	348.00	362.90	1,258.50	840.80
Credit Portfolio by Region — Southeast Brazil (Sudeste)	18,440.50	19,038.20	20,563.60	19,846.90	18,893.30	18,613.00	18,858.80	17,780.40	16,526.50	18,601.60	19,120.40	17,798.90
Credit Portfolio by Region — South Brazil (Sul)	5,139.80	5,226.30	5,247.50	5,015.60	5,096.50	5,098.80	5,086.40	5,064.10	5,143.60	5,912.20	5,883.80	5,469.00
Credit Portfolio by Region — Northeast Brazil (Nordeste)	2,524.30	2,341.40	2,523.10	2,421.10	2,362.90	2,294.60	2,316.50	2,236.70	2,167.80	2,321.80	2,299.70	2,183.20
Credit Portfolio by Region — Center-West Brazil (Centro-Oeste)	1,451.30	1,475.90	1,516.10	1,423.50	1,397.20	1,393.30	1,375.60	1,331.80	1,353.80	1,584.00	1,579.90	1,525.30
Credit Portfolio by Region — North Brazil (Norte)	598.60	588.00	599.50	568.90	551.20	544.70	543.20	553.10	541.60	696.60	689.00	617.00
Banco XP S.A. (ISPB 33264668) — Total Active Registered PIX Keys (Monthly)2	3,975,593	3,747,078	3,469,142	3,212,640	2,918,952	2,753,807	2,572,410	2,323,713	2,053,978	1,813,076	1,536,674	1,270,876
Individual (Pessoa Física — PF) Registered PIX Keys — Total4	3,928,575	3,710,025	3,440,268	3,190,363	2,903,464	2,744,420	2,568,138	2,322,551	2,053,820	1,812,994	1,536,628	1,270,845
PF PIX Keys — Random Key (Chave Aleatória)	2,539,909	2,363,954	2,141,629	1,939,829	1,714,704	1,608,935	1,496,754	1,348,311	1,188,708	1,039,208	871,286	717,392
PF PIX Keys — Mobile Phone (Celular)	415,279	401,742	390,208	378,125	361,908	348,614	331,405	299,328	264,131	238,226	205,919	167,832
PF PIX Keys — Individual Tax ID (CPF)	221,107	215,384	207,608	198,799	188,041	180,000	171,416	152,570	135,065	122,961	107,637	88,261
PF PIX Keys — E-mail Address	752,280	728,945	700,823	673,610	638,811	606,871	568,563	522,342	465,916	412,599	351,786	297,360
Corporate (Pessoa Jurídica — PJ) Registered PIX Keys — Total4	47,018	37,053	28,874	22,277	15,488	9,387	4,272	1,162	158	82	46	31
PJ PIX Keys — Random Key (Chave Aleatória)	20,788	16,341	12,864	9,761	6,467	3,668	1,394	368	63	42	30	20
PJ PIX Keys — Corporate Tax ID (CNPJ)	13,413	10,190	7,393	5,661	4,027	2,526	1,263	345	43	12	2	0
PJ PIX Keys — Mobile Phone (Celular)	2,678	2,154	1,794	1,434	1,015	617	304	77	7	4	2	2
PJ PIX Keys — E-mail Address	10,139	8,368	6,823	5,421	3,979	2,576	1,311	372	45	24	12	9
Banco XP S.A. (Banking Subsidiary) — Total Assets (BCB IF.data)7	221,732.30	226,236.80	208,156.00	196,161.90	189,481.10	193,170.60	188,001.90	156,864.70	140,257.30	131,346.10	114,607.40	97,855.90
Banco XP S.A. (Banking Subsidiary) — Cash & Free Reserves	2,618.30	1,312.90	1,381.50	4,800.90	1,512.30	2,070.10	1,988.60	1,292.50	1,855.60	1,471.50	1,448.00	1,909.50
Banco XP S.A. (Banking Subsidiary) — Interbank Liquidity Applications	53,645.00	61,750.90	56,775.70	50,837.50	64,768.70	59,621.20	54,854.50	47,942.00	36,030.00	32,800.40	31,626.30	22,181.30
Banco XP S.A. (Banking Subsidiary) — Securities and Derivative Financial Instruments	75,852.50	74,298.80	62,237.30	50,978.00	46,490.90	46,762.60	57,180.50	42,449.00	50,443.50	44,860.30	42,001.00	33,188.90
Banco XP S.A. (Banking Subsidiary) — Gross Credit Portfolio2	17,952.20	18,440.90	18,350.20	18,094.60	17,559.10	17,071.10	17,215.90	17,454.30	17,917.60	21,188.60	20,447.00	19,709.30
Banco XP S.A. (Banking Subsidiary) — Loan Loss Provision	-298.50	-295.40	-352.10	-312.40	-286.00	-284.40	-286.50	-268.60	-263.20	-252.10	-165.80	-102.70
Banco XP S.A. (Banking Subsidiary) — Net Credit Operations	17,653.70	18,145.50	17,998.20	17,782.20	17,273.10	16,786.70	16,929.50	17,185.60	17,654.40	20,936.40	20,281.10	19,606.60
Banco XP S.A. (Banking Subsidiary) — Total Market Funding (Captações)1	169,190.90	179,466.80	163,155.40	153,156.30	149,243.30	136,956.00	128,998.60	111,484.80	95,643.30	90,673.90	87,647.50	70,719.80
Banco XP S.A. (Banking Subsidiary) — Total Deposits3	70,634.80	69,843.70	78,050.30	62,143.40	62,511.10	59,192.10	56,109.90	50,808.20	37,023.50	29,047.70	29,716.40	21,837.90
Banco XP S.A. (Banking Subsidiary) — Time Deposits	68,809.80	67,836.70	75,989.50	60,246.10	60,617.60	57,506.30
Banco XP S.A. (Banking Subsidiary) — Interbank Deposits (legacy COSIF breakout 1Q21–4Q24)							624.60	980.90	814.10	510.90	450.20	350.50
Banco XP S.A. (Banking Subsidiary) — Demand Deposits (legacy COSIF breakout 1Q21–4Q24)							1,187.80	1,210.50	1,266.30	1,396.10	1,678.30	1,293.90
Banco XP S.A. (Banking Subsidiary) — Shareholders' Equity (Patrimônio Líquido)	12,436.00	11,487.30	11,421.40	12,110.10	11,863.60	11,717.60	10,782.80	8,933.10	8,642.50	8,734.50	2,092.00	2,065.30
Banco XP S.A. (Banking Subsidiary) — Standalone Net Income (COSIF)	400.10	-33.40	430.80	205.30	-33.30	256.40	342.90	231.00	264.40	70.50	-9.30	-51.40
XP Investimentos CCTVM S.A. (Broker-Dealer Subsidiary) — Total Assets (BCB IF.data)6	132,450.70	138,988.60	132,725.00	147,504.80	140,103.70	141,722.10	154,072.60	127,476.10	118,924.20	118,338.70	102,853.20	91,840.80
XP Investimentos CCTVM S.A. (Broker-Dealer Subsidiary) — Cash & Free Reserves	165.90	106.70	54.70	705.60	383.40	82.30	21.20	69.20	84.70	112.00	54.40	89.00
XP Investimentos CCTVM S.A. (Broker-Dealer Subsidiary) — Interbank Liquidity Applications	54,014.20	51,902.30	51,280.20	51,227.70	44,708.40	38,392.90	52,735.80	43,327.60	42,783.90	51,849.80	36,012.90	29,171.10
XP Investimentos CCTVM S.A. (Broker-Dealer Subsidiary) — Securities and Derivative Financial Instruments	39,754.60	37,473.30	50,217.20	48,206.10	57,904.40	61,538.60	79,232.60	66,161.10	57,560.00	50,835.40	49,384.90	44,558.70
XP Investimentos CCTVM S.A. (Broker-Dealer Subsidiary) — Total Market Funding (Captações)	91,424.50	93,034.60	98,968.50	97,285.50	99,258.90	97,269.60	110,138.80	96,274.50	81,777.90	83,167.70	74,468.90	58,403.50
XP Investimentos CCTVM S.A. (Broker-Dealer Subsidiary) — Shareholders' Equity (Patrimônio Líquido)	7,326.60	7,405.60	7,394.60	8,254.50	8,217.70	8,077.00	7,284.10	7,875.50	7,620.30	8,459.80	8,405.70	8,152.70
XP Investimentos CCTVM S.A. (Broker-Dealer Subsidiary) — Standalone Net Income (COSIF)	-63.80	23.70	36.00	30.70	7.20	71.50	-35.40	199.90	187.70	127.70	179.30	189.60
XP Serviços Financeiros DTVM Ltda. (Distribution Subsidiary) — Total Assets (BCB IF.data)5	626.20	617.70	609.90	593.90	576.50	615.10	554.60	558.40	606.70	734.30	760.00	1,587.90
XP Serviços Financeiros DTVM Ltda. (Distribution Subsidiary) — Cash & Free Reserves	7.00	5.80	6.80	5.00	2.00	1.20	1.90	5.80	2.00	4.30	4.70	4.50
XP Serviços Financeiros DTVM Ltda. (Distribution Subsidiary) — Interbank Liquidity Applications	384.30	372.10	361.70	349.80	342.00	359.00	296.20	288.90	280.90	282.60	122.60	115.20
XP Serviços Financeiros DTVM Ltda. (Distribution Subsidiary) — Securities and Derivative Financial Instruments	23.20	22.50	23.50	22.70	21.90	43.10	42.00	40.90	40.90	39.90	81.50	105.60
XP Serviços Financeiros DTVM Ltda. (Distribution Subsidiary) — Shareholders' Equity (Patrimônio Líquido)	597.30	583.50	574.10	560.10	551.40	544.00	542.40	540.70	537.50	534.30	539.90	561.40
XP Serviços Financeiros DTVM Ltda. (Distribution Subsidiary) — Standalone Net Income (COSIF)	13.90	9.20	13.50	8.20	7.20	1.70	1.70	3.20	3.10	-5.60	-21.40	-114.50
XP DTVM Ltda. (Securities Subsidiary) — Total Assets (BCB IF.data)4	6.10	1.20	1.20	1.20	1.30	1.30	1.30	1.40	1.40	1.40	1.50	1.50
XP DTVM Ltda. (Securities Subsidiary) — Cash & Free Reserves	5.10	0.00	0.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XP DTVM Ltda. (Securities Subsidiary) — Securities and Derivative Financial Instruments	0.90	1.10	1.10	0.10	1.10	1.10	1.10	1.20	1.20	1.20	1.20	1.20
XP DTVM Ltda. (Securities Subsidiary) — Shareholders' Equity (Patrimônio Líquido)	6.10	1.10	1.20	1.20	1.30	1.30	1.30	1.30	1.40	1.40	1.50	1.50
XP DTVM Ltda. (Securities Subsidiary) — Standalone Net Income (COSIF)	-0.10	-0.10	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	-0.10	-0.00	-0.00
XP Prudential Conglomerate (XP - PRUDENCIAL) — Total Assets (BCB IF.data)7	347,231.50	328,726.10	305,341.00	307,101.70	282,265.10	292,391.30	301,760.10	250,375.30	227,182.50	213,821.20	189,317.50	168,489.00
XP Prudential Conglomerate (XP - PRUDENCIAL) — Cash & Free Reserves	3,213.80	4,648.10	5,788.40	8,471.70	6,672.40	4,410.40	2,069.50	2,283.70	1,876.80	1,511.50	1,460.50	1,916.80
XP Prudential Conglomerate (XP - PRUDENCIAL) — Interbank Liquidity Applications	101,139.30	75,610.70	69,627.40	62,073.90	56,942.40	54,370.90	65,134.20	58,433.70	49,293.70	51,207.50	34,524.90	26,980.50
XP Prudential Conglomerate (XP - PRUDENCIAL) — Securities and Derivative Financial Instruments	119,764.90	118,541.10	122,231.30	109,000.70	115,881.40	117,499.10	148,153.50	117,934.90	112,668.40	100,498.80	94,744.70	80,039.60
XP Prudential Conglomerate (XP - PRUDENCIAL) — Gross Credit Portfolio2	21,371.10	18,913.70	18,757.30	18,361.50	17,843.80	17,664.20	17,493.10	17,919.40	18,379.10	21,663.20	21,201.00	20,611.90
XP Prudential Conglomerate (XP - PRUDENCIAL) — Loan Loss Provision	-301.60	-296.00	-352.50	-312.40	-286.60	-285.40	-291.70	-313.90	-310.80	-282.10	-225.50	-138.80
XP Prudential Conglomerate (XP - PRUDENCIAL) — Net Credit Operations	20,973.60	18,617.80	18,405.00	18,049.30	17,557.40	17,379.10	17,201.40	17,605.50	18,068.30	21,381.10	20,975.50	20,473.10
XP Prudential Conglomerate (XP - PRUDENCIAL) — Total Market Funding (Captações)1	257,969.30	240,691.40	231,803.20	219,008.60	207,406.20	196,822.60	202,276.90	180,207.20	151,900.60	145,927.10	133,459.80	108,212.60
XP Prudential Conglomerate (XP - PRUDENCIAL) — Total Deposits3	84,552.80	84,585.20	93,405.80	76,051.30	75,098.80	73,079.40	69,722.50	68,598.00	50,383.80	42,933.60	45,719.30	36,672.40
XP Prudential Conglomerate (XP - PRUDENCIAL) — Time Deposits	69,677.10	68,357.50	76,301.10	60,945.10	60,478.40	57,311.60	13,752.90	16,930.10	13,789.90	13,672.80	14,827.50	12,760.50
XP Prudential Conglomerate (XP - PRUDENCIAL) — Interbank Deposits (legacy COSIF breakout 1Q21–4Q24)							624.60	980.90	541.60	782.50	556.30	453.70
XP Prudential Conglomerate (XP - PRUDENCIAL) — Demand Deposits (legacy COSIF breakout 1Q21–4Q24)							1,174.90	1,146.30	1,197.50	1,346.20	1,726.20	1,710.50
XP Prudential Conglomerate (XP - PRUDENCIAL) — Shareholders' Equity (Patrimônio Líquido)	12,442.10	11,488.40	11,422.60	12,111.40	11,864.80	11,718.60	10,784.70	8,933.10	8,643.90	8,735.90	10,499.20	8,154.20
XP Prudential Conglomerate (XP - PRUDENCIAL) — Standalone Net Income (COSIF)	400.00	-33.40	430.80	205.30	-33.40	256.40	344.70	229.70	264.40	70.40	93.60	189.60

Total Employees / Headcount (End of Period)	8,491.00	8,280.00	8,093.00	7,740.00	7,484.00	7,356.00	7,442.00	7,241.00	6,834.00	6,579.00	6,669.00	6,699.00

Brazil Selic Annualized Target Base Interest Rate (BCB SGS 4189)(%)2	14.3%	14.8%	14.9%	14.9%	14.7%	13.6%	11.8%	10.5%	10.4%	11.0%	11.9%	13.0%
Brazil Interbank Deposit Rate — CDI Annualized (BCB SGS 4389)(%)	14.2%	14.7%	14.9%	14.9%	14.9%	14.2%	12.2%	10.7%	10.4%	10.7%	11.7%	12.7%
Brazil Interbank Deposit Rate — CDI Monthly Return (BCB SGS 4390)(%)	1.1%	1.2%	1.2%	1.2%	1.1%	1.0%	0.9%	0.8%	0.8%	0.8%	0.9%	1.0%
USD / BRL Period-End Exchange Rate — PTAX Sale (BCB SGS 3698)	5.13	5.23	5.45	5.37	5.55	5.75	6.10	5.54	5.39	4.98	4.90	4.94
Brazil National Financial System (SFN) Total Credit Outstanding (BCB SGS 20539)3	7,353.70	7,240.60	7,137.30	6,852.70	6,703.70	6,576.50	6,464.60	6,216.50	6,041.90	5,899.70	5,805.20	5,625.90
Brazil SFN Household (Pessoa Física) Credit Outstanding (BCB SGS 20541)	4,603.00	4,553.00	4,435.50	4,262.90	4,156.00	4,078.20	3,965.40	3,831.70	3,705.00	3,614.00	3,521.70	3,410.80
Brazil SFN Corporate (Pessoa Jurídica) Credit Outstanding (BCB SGS 20540)	2,750.80	2,687.50	2,701.70	2,589.80	2,547.70	2,498.30	2,499.20	2,384.80	2,336.90	2,285.80	2,283.50	2,215.20
Brazil SFN Non-Earmarked (Free) Credit Outstanding (BCB SGS 20570)	2,535.70	2,518.10	2,458.60	2,346.70	2,283.40	2,230.00	2,166.90	2,087.80	2,024.40	1,969.40	1,922.40	1,864.50
Brazil National Financial System (SFN) 90+ Day NPL Ratio (BCB SGS 21082)(%)1	4.6%	4.5%	4.2%	4.1%	3.8%	3.4%	3.1%	3.3%	3.3%	3.3%	3.3%	3.5%
Brazil SFN Non-Earmarked Credit 90+ Day NPL Ratio (BCB SGS 21112)(%)	7.4%	7.3%	7.1%	6.9%	6.5%	5.9%	5.4%	5.7%	5.6%	5.6%	5.7%	6.1%
U.S. Security Brokers & Dealers — Total Financial Assets (Fed Z.1 BOGZ1FL664090005Q)4	7,241.80	6,689.10	6,275.50	6,128.00	6,018.00	5,758.90	5,269.60	5,508.30	5,169.40	5,145.00	4,875.80	4,757.10
U.S. Security Brokers & Dealers — Total Liabilities (Fed Z.1)	6,803.30	6,277.30	5,878.70	5,752.90	5,652.00	5,400.20	4,928.20	5,177.80	4,851.10	4,830.20	4,568.20	4,449.70
U.S. Security Brokers & Dealers — Reverse Repo Assets (Fed Z.1)	2,076.60	2,071.60	1,989.60	1,856.80	1,855.50	1,930.50	1,689.90	1,831.80	1,708.80	1,660.40	1,625.80	1,604.20
U.S. Security Brokers & Dealers — Customer Margin Loans Receivable (Fed Z.1)	742.30	622.20	609.70	566.10	506.40	476.90	485.50	451.50	451.00	433.80	397.90	402.00
U.S. Money Market Funds — Total Financial Assets (Fed Z.1 MMMFFAQ027S)	8,441.40	8,289.60	8,190.20	7,774.10	7,481.20	7,397.90	7,243.20	6,839.10	6,548.40	6,440.70	6,357.60	6,143.00
Peer Benchmark: The Charles Schwab Corporation (SCHW) — Total Net Revenues($M)2	7,072	6,482	6,336	6,135	5,851	5,599	5,329	4,847	4,690	4,740	4,459	4,606
Charles Schwab (SCHW) — Net Income($M)	2,800	2,479	2,459	2,358	2,126	1,909	1,840	1,408	1,332	1,362	1,045	1,125
Charles Schwab (SCHW) — Total Assets($M)	517,266	493,319	490,995	465,255	458,936	462,903	479,843	466,055	449,675	468,784	493,178	475,204
Peer Benchmark: Interactive Brokers Group (IBKR) — Total Net Revenues($M)2	760	699	667	603	578	592	558	507	474	438	403	385
Interactive Brokers (IBKR) — Net Income($M)	1,338	1,171	1,201	1,186	1,006	964	969	834	809	795	739	772
Interactive Brokers (IBKR) — Total Assets($M)	247,309	218,749	203,240	200,222	181,475	157,670	150,142	148,526	136,648	132,238	128,251	120,636
Peer Benchmark: Morgan Stanley (MS) — Total Net Revenues($M)2	21,348	20,580	17,890	18,224	16,792	17,739	16,223	15,383	15,019	15,136	12,896	13,273
Morgan Stanley (MS) — Net Income($M)	5,653	5,638	4,424	4,655	3,575	4,371	3,724	3,226	3,117	3,462	1,541	2,435
Morgan Stanley (MS) — Total Assets($M)	1,675,057	1,581,418	1,420,270	1,364,806	1,353,870	1,300,296	1,215,071	1,258,027	1,212,447	1,228,503	1,193,693	1,169,013

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics

Fiscal year = calendar year (December 31). Reporting currency is the Brazilian Real (BRL / R$). Quarterly series run through Q2 2026 (34 consecutive quarters 1Q18–2Q26), annual series run through FY2025 (FY2016–FY2025), and monthly Banco Central do Brasil (BCB PIX & SGS) and FRED series run through October 2026 (2021-06–2026-10).
All cells are published figures or permitted period-splitting derivations: Q4 = full year (Form 20-F) minus nine months (Form 6-K) for SEC footnote flow disclosures, and Q2 = 1H minus Q1 / Q4 = 2H minus Q3 for BCB IF.data semi-annual COSIF income statements.
XP Inc. is a Cayman Islands holding company whose operating activities are conducted through regulated Brazilian and international subsidiaries; instead of a Consolidated minus Parent carve-out, standalone regulatory financial statements for Banco XP S.A., XP Investimentos CCTVM S.A., XP Serviços Financeiros DTVM Ltda., XP DTVM Ltda., and the XP Prudential Conglomerate are presented directly from Banco Central do Brasil (BCB IF.data).

Not shown because recent periods are missing (10)

BCB Supervisory Total Risk-Weighted Assets (RWA — XP Prudential) › BCB Additional Principal Capital Buffer Requirement (ACP)
Total Active Credit Portfolio in BCB SCR (XP Prudential) › Overseas Branches Credit Portfolio in BCB SCR — Total › Individuals (Pessoa Física — Overseas) Credit Portfolio
XP Serviços Financeiros DTVM Ltda. (Distribution Subsidiary) — Total Assets (BCB IF.data) › XP Serviços Financeiros DTVM Ltda. (Distribution Subsidiary) — Total Market Funding (Captações)
Peer Benchmark: BlackRock, Inc. (BLK) — Total Revenue › BlackRock (BLK) — Net Income
Peer Benchmark: BlackRock, Inc. (BLK) — Total Revenue › BlackRock (BLK) — Total Assets
Peer Benchmark: BlackRock, Inc. (BLK) — Total Revenue
Floating Balance (uninvested client cash, R$ 11,648M in 2Q25 and R$ 12,188M in 4Q24): disclosed as a standalone figure only in 4Q24–2Q25 presentations and folded into Other Retail Client Assets in 1Q26–2Q26 (lacks 3 consecutive latest quarters)
Expanded Loan Portfolio Average Maturity (2.9 years in 2Q25) and 90-Day NPL Ratio (0.3% in 1Q25): discontinued in 1Q26–2Q26 earnings presentations (lacks 3 consecutive latest quarters)
Xpeed School of Financial Education student count ('more than 1 million students') and IFA partner offices ('over 1,000 offices'): disclosed only as approximate inequality bounds ('more than / over') in annual reports
Accounts Receivable (FY2018–FY2019), Intangible Assets (FY2018–FY2019), Acquisitions (FY2017–FY2025 all zero), and Stock Issued (FY2019–FY2023) in annual database records: discontinued prior to FY2024–FY2025 or all-zero placeholder series

Data updated 2026-11-08.

Every KPI on its own page

Full history, chart, sources and a citation for each metric

Investment Platform — Client Assets, Net Inflows, Advisors & Client Activity (Core KPIs)

Cross-Sell Ecosystem Verticals — Retirement Plans, Cards, Expanded Credit & Insurance

IFRS Loan Portfolio Quality, Maturity, Concentration, Market Funding & Contingencies (SEC 20-F & 6-K Notes)

Managerial Income Statement, Business Line Revenue Disaggregation & Profitability (1Q18–2Q26)

Quarterly IFRS Accounting Income Statement, Service Fee Breakdown, Geographic Split & Balance Sheet (1Q18–2Q26)

Consolidated Capital Adequacy, Risk-Weighted Assets & Value at Risk (Basel III — IR & BCB Prudential)

BCB Supervisory Credit Registry (SCR), Monthly PIX Keys & Brazilian Subsidiary Disclosures

Workforce, Diversity, Environmental & Sustainability (ESG) Metrics (FY2019–FY2025 & 1Q18–2Q26)

Brazilian Financial System (BCB SGS), U.S. Capital Markets (FRED) & Global Brokerage Peer Benchmarks

Consolidated Financial Statements (Annual IFRS — SEC Form 20-F Context)

Latest source documents

The documents cited most often for XP's most recent figures

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