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XP Inc. (XP)

USD17.04 +0.17 (+1.00%)
KY NASDAQ Financial Services Financial - Capital Markets
Address 20, Genesis Close KY-1-1208
George Town, SP, KY
CEO Thiago Maffra
Website xpinc.com
IPO 2019-12-11
CIK 1787425 ISIN KYG982391099

Explore sections of this company profile

Also trades on NASDAQ Global Market · XPVVV (USD) NASDAQ Global Select · XP (USD)
Description

XP Inc. provides financial products and services in Brazil. The company operates XP Platform, an open product platform that provides clients to access investment products in the market comprising brokerage securities, fixed income securities, mutual, hedge, and private equity funds; derivatives and synthetic instruments; credit cards; loan operations/collateralized credit products; pension and social security funds, and life and travel insurance products; and other investment products comprising real estate funds, and equity and debt capital markets solutions, as well as wealth management services. It offers brokerage and issuer services to institutional and corporate clients. The company also manages mutual funds focused on stocks and macro strategies distributed to retail and to institutional clients; funds and managed portfolios for high-net-worth retail clients, and proprietary treasury funds; and passive mutual funds that track market indexes, and mutual and investment funds focused on fixed income, credit, real estate, infrastructure, and other alternative strategies. In addition, it offers securities brokerage services for institutional and retail investors; interdealer brokerage services for institutional traders; and commercial and investment banking products, such as loan operations and transactions in the foreign exchange markets and deposits, as well as develops and sells financial education courses and events online and in person to retail clients. The company offers its sell products and services through its omni-channel distribution network and online portals. XP Inc. was founded in 2001 and is based in George Town, the Cayman Islands.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD17.04 +0.17 (+1.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
6M
Beta
1.12
Float Shares
413.09M
Free Float %
78.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.86% -4.91% -21.00% -22.39% -7.39% +1.83% -10.52% -3.47% -60.31% -51.63% -51.63%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (9 ratings, all time) Buy
Price Targets & DCF
Current price
17.04
Low 22.00 +29.1%
Consensus 23.50 +37.9%
Median 23.50 +37.9%
High 25.00 +46.7%
DCF (Unlevered) 30.04 +76.3%
DCF (Levered) 45.13 +164.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 77% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 7 0
Hold 3 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month
Last Quarter
Last Year 3
23.33
+36.9%
All Time 10
24.80
+45.5%
Quality scores
Altman Z-Score
0.04
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
7 / 10
Strong MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Financial - Capital Markets: +19.7%
    -8.2% Q1'26: +6.9% (vs Q1'25)
  • EPS growth Financial - Capital Markets: +35.3%
    +18.1% Q1'26: +5.7% (vs Q1'25)
  • FCF margin FCF growth · Financial - Capital Markets: +29.5%
    +65.7% Q1'26: +15.0% (vs Q1'25)
  • EBIT margin Financial - Capital Markets: +33.5%
    +32.7% Q1'26: +30.8% (vs Q1'25)
  • ROIC Financial - Capital Markets: +4.0%
    +5.7% Q1'26: +5.3% (vs Q1'25)
  • Share dilution Financial - Capital Markets: +0.0%
    -3.0% Q1'26: -2.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Financial - Capital Markets: -0.30×
    13.64× Q1'26: 14.90× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.19) × ERP
WACC = 34% × Ke + 66% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 29.20 Current price: 17.04
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
6 Rev. Ana.
3 EPS Ana.
Dec 2027
7 Rev. Ana.
4 EPS Ana.
Dec 2028
7 Rev. Ana.
4 EPS Ana.
Dec 2029
3 Rev. Ana.
2 EPS Ana.
Dec 2030
6 Rev. Ana.
2 EPS Ana.
Revenue
5.17B
est: 4.61B (+12.1%)
8.60B
est: 8.22B (+4.6%)
12.97B
est: 12.23B (+6.1%)
14.18B
est: 14.03B (+1.1%)
14.82B
est: 88.04B (-83.2%)
19.87B
est: 17.32B (+14.7%)
18.24B
est: 18.31B (-0.4%)
21.44B
20.85B – 22.02B
+17.1% YoY
24.40B
23.77B – 25.03B
+13.8% YoY
27.33B
25.56B – 28.01B
+12.0% YoY
30.37B
28.40B – 31.14B
+11.1% YoY
32.86B
30.73B – 33.68B
+8.2% YoY
EBITDA
1.67B
est: 1.42B (+17.5%)
2.64B
est: 1.95B (+35.0%)
4.35B
est: 3.33B (+30.4%)
4.20B
est: 3.43B (+22.5%)
4.73B
est: 28.90B (-83.6%)
6.92B
est: 5.68B (+21.7%)
6.25B
est: 6.01B (+4.0%)
7.04B
6.85B – 7.23B
+17.1% YoY
8.01B
7.80B – 8.22B
+13.8% YoY
8.97B
8.39B – 9.20B
+12.0% YoY
9.97B
9.32B – 10.22B
+11.1% YoY
10.79B
10.09B – 11.06B
+8.2% YoY
EBIT
1.58B
est: 1.35B (+17.3%)
2.49B
est: -375.81M (+763.6%)
4.11B
est: -1.54B (+367.2%)
3.98B
est: -1.63B (+344.9%)
4.48B
est: 27.45B (-83.7%)
6.61B
est: 5.40B (+22.5%)
5.95B
est: 5.71B (+4.3%)
6.69B
6.50B – 6.87B
+17.1% YoY
7.61B
7.41B – 7.81B
+13.8% YoY
8.52B
7.97B – 8.74B
+12.0% YoY
9.47B
8.86B – 9.71B
+11.1% YoY
10.25B
9.58B – 10.50B
+8.2% YoY
Net Income
1.05B
est: 879.40M (+19.2%)
2.09B
est: 1.56B (+34.6%)
3.73B
est: 2.87B (+30.2%)
3.71B
est: 17.30B (-78.6%)
3.84B
est: 4.05B (-5.3%)
5.18B
est: 4.46B (+16.2%)
5.07B
est: 5.14B (-1.4%)
5.85B
5.65B – 6.05B
+13.9% YoY
6.65B
6.41B – 6.88B
+13.6% YoY
7.75B
7.53B – 7.97B
+16.6% YoY
9.41B
8.62B – 9.72B
+21.4% YoY
— – —
-100.0% YoY
SGA
est: 1.16B (-100.0%)
est: 625.46M (-100.0%)
est: 4.29B (-100.0%)
est: 4.12B (-100.0%)
— – —
— – —
— – —
— – —
— – —
EPS
2.11
est: 1.60 (+31.6%)
3.76
est: 3.80 (-1.0%)
6.42
est: 6.38 (+0.6%)
6.44
est: 6.99 (-7.9%)
7.16
est: 7.82 (-8.4%)
8.23
est: 8.39 (-1.9%)
9.80
est: 9.69 (+1.2%)
11.00
10.62 – 11.37
+13.5% YoY
12.58
12.05 – 12.94
+14.4% YoY
14.41
14.16 – 14.98
+14.6% YoY
17.69
16.20 – 18.27
+22.8% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-19 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-05-18 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-05-15 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-05-14 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-05-13 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-05-12 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-05-11 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-05-08 B+ 3/5 5/5 5/5 4/5 1/5 3/5 1/5
2026-05-07 B+ 3/5 5/5 5/5 4/5 1/5 3/5 1/5
2026-05-06 B+ 3/5 5/5 5/5 4/5 1/5 3/5 1/5
2026-05-05 B+ 3/5 5/5 5/5 4/5 1/5 3/5 1/5
2026-05-04 B+ 3/5 5/5 5/5 4/5 1/5 3/5 1/5
2026-05-01 B+ 3/5 5/5 5/5 4/5 1/5 3/5 1/5
2026-04-30 B+ 3/5 5/5 5/5 4/5 1/5 3/5 1/5
2026-04-29 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-28 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-27 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-24 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-23 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-22 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-21 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-20 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-17 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-16 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
15.07B
OE per share TTM
28.06
Owner's Yield
173.84%
Maintenance CapEx ratio
3.02%
Maint CapEx / Avg PPE
4.4%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
276
Total invested
4.32B
Insider transactions (90d)
0
Beneficial owners (>5%)
42
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 XP Control LLC 108.63M 19.40% 108.63M 108.63M 11.00 CO 2022-03-07
2 ITB Holding Brasil Participações Ltda. 63.61M 11.40% 63.61M CO Brazil 2022-05-06
3 Itaú Unibanco Holding S.A. 63.61M 11.40% 63.61M HC Brazil 2022-05-06
4 Itaúsa S.A. 57.47M 12.90% 57.47M 57.47M 10.00 HC Brazil 2022-07-07
5 (1) BlackRock, Inc. 43.47M 10.00% 38.80M HC Delaware 2024-10-22
6 94-1441976 34.86M 8.00% 32.92M 34.86M IA U.S.A. 2024-11-13
7 PAGE 2 OF 4 PAGES 29.77M 6.70% 28.90M 29.77M IA 2023-02-14
8 GAP (Bermuda) L.P. 25.32M 5.70% 25.32M 25.32M PN Bermuda 2022-08-24
9 GAP Coinvestments CDA, L.P. 25.32M 5.70% 25.32M 25.32M PN Delaware 2022-08-24
10 GAP Coinvestments III, LLC 25.32M 5.70% 25.32M 25.32M OO Delaware 2022-08-24
11 GAP Coinvestments IV, LLC 25.32M 5.70% 25.32M 25.32M OO Delaware 2022-08-24
12 GAP Coinvestments V, LLC 25.32M 5.70% 25.32M 25.32M OO Delaware 2022-08-24
13 General Atlantic GenPar (Bermuda), L.P. 25.32M 5.70% 25.32M 25.32M PN Bermuda 2022-08-24
14 General Atlantic GenPar, L.P. 25.32M 5.70% 25.32M 25.32M PN Delaware 2022-08-24
15 General Atlantic, L.P. 25.32M 5.70% 25.32M 25.32M PN Delaware 2022-08-24
16 Abigail P. Johnson 23.72M 5.45% 23.72M IN United States of America 2024-02-09
17 FMR LLC 23.72M 5.45% 23.42M 23.72M HC Delaware 2024-02-09
18 GAPCO GmbH & Co KG 16.14M 3.60% 16.14M 16.14M PN Germany 2022-08-24
19 GAPCO Management GmbH 16.14M 3.60% 16.14M 16.14M CO Germany 2022-08-24
20 General Atlantic (XP) Bermuda, L.P. 16.14M 3.60% 16.14M 16.14M PN Bermuda 2022-08-24
21 General Atlantic Partners (Bermuda) IV, L.P. 16.14M 3.60% 16.14M 16.14M PN Bermuda 2022-08-24
22 General Atlantic Partners 92A, L.P. 16.14M 3.60% 16.14M 16.14M PN Delaware 2022-08-24
23 General Atlantic Partners 92B, L.P. 16.14M 3.60% 16.14M 16.14M PN Delaware 2022-08-24
24 General Atlantic Partners 92C, L.P. 16.14M 3.60% 16.14M 16.14M PN Delaware 2022-08-24
25 General Atlantic Partners 92D, L.P. 16.14M 3.60% 16.14M 16.14M PN Delaware 2022-08-24
26 General Atlantic Partners 92E, L.P. 16.14M 3.60% 16.14M 16.14M PN Delaware 2022-08-24
27 General Atlantic Partners 92F, L.P. 16.14M 3.60% 16.14M 16.14M PN Delaware 2022-08-24
28 General Atlantic Partners 92G, L.P. 16.14M 3.60% 16.14M 16.14M PN Delaware 2022-08-24
29 General Atlantic Partners 92H, L.P. 16.14M 3.60% 16.14M 16.14M PN Delaware 2022-08-24
30 General Atlantic Partners 92I, L.P. 16.14M 3.60% 16.14M 16.14M PN Delaware 2022-08-24
31 General Atlantic Partners 92J, L.P. 16.14M 3.60% 16.14M 16.14M PN Delaware 2022-08-24
32 52-0556948 14.71M 3.80% 6.36M IA Maryland 2022-02-14
33 XP Controle Participações S.A. 12.73M 2.30% 12.73M 12.73M 11.00 CO 2022-03-07
34 General Atlantic (Lux) S.à r.l. 9.18M 2.10% 9.18M 9.18M PN Luxembourg 2022-08-24
35 General Atlantic (SPV) GP, LLC 9.18M 2.10% 9.18M 9.18M OO Delaware 2022-08-24
36 General Atlantic (XP) II, L.P. 9.18M 2.10% 9.18M 9.18M PN Bermuda 2022-08-24
37 General Atlantic GenPar (Lux) SCSp 9.18M 2.10% 9.18M 9.18M PN Luxembourg 2022-08-24
38 General Atlantic Partners (Bermuda) EU, L.P. 9.18M 2.10% 9.18M 9.18M PN Bermuda 2022-08-24
39 General Atlantic Partners (Lux) SCSp 9.18M 2.10% 9.18M 9.18M PN Luxembourg 2022-08-24
40 General Atlantic Partners 100, L.P. 9.18M 2.10% 9.18M 9.18M PN Delaware 2022-08-24
41 95-1411037 13.00 7.10% 30.57M 30.61M IA Delaware 2024-11-13
42 2 10.00 0.00% CO Brazil 2022-02-14

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
276
-82 vs prev Q
New positions
52
Closed positions
123
Increased
163
Reduced
70
Put/Call ratio
0.23
Calls held
804.1K
Puts held
188.6K
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 333.7K +333.7K (+100.0%) 5.46B +5.5B (+100.0%) 0.06% +0.063 pp 4.07% +4.075 pp USD16.37 +0.0% 1 qtrs NEW
2 BLACKROCK, INC. 46.73M +1.9M (+4.1%) 764.96M -78.2M (-9.3%) 8.86% +0.362 pp 0.01% -0.002 pp USD17.95 -8.8% 6 qtrs
3 CAPITAL WORLD INVESTORS 37.50M -2.4M (-6.0%) 613.83M -136.0M (-18.1%) 7.13% -0.431 pp 0.08% -0.019 pp USD18.42 -11.1% 15 qtrs
4 DODGE & COX 33.96M -517.6K (-1.5%) 555.93M -91.9M (-14.2%) 6.44% -0.091 pp 0.30% -0.050 pp USD19.53 -16.2% 17 qtrs
5 GENERAL ATLANTIC, L.P. 22.70M -2.8M (-11.0%) 371.58M -107.9M (-22.5%) 4.32% -0.519 pp 12.93% -1.460 pp USD32.50 -49.6% 25 qtrs
6 ARGA INVESTMENT MANAGEMENT, LP 19.90M +10.8M (+119.2%) 325.76M +155.2M (+90.9%) 3.78% +2.063 pp 8.88% +4.359 pp USD17.47 -6.3% 2 qtrs
7 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 12.26M +1.3M (+11.9%) 200.75M -5.2M (-2.5%) 2.33% +0.255 pp 0.06% +0.001 pp USD19.53 -16.2% 3 qtrs
8 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 11.80M +1.2M (+10.9%) 193.15M -6.7M (-3.4%) 2.24% +0.222 pp 0.11% -0.013 pp USD14.29 +14.6% 10 qtrs
9 MORGAN STANLEY 9.52M +1.1M (+13.2%) 155.91M -2.1M (-1.3%) 1.81% +0.213 pp 0.01% 0.000 pp USD19.27 -15.0% 25 qtrs
10 STATE STREET CORP 9.50M +144.9K (+1.5%) 155.56M -20.3M (-11.5%) 1.80% +0.029 pp 0.01% -0.001 pp USD19.78 -17.2% 22 qtrs
11 FMR LLC 7.36M +161.4K (+2.2%) 120.49M -14.8M (-10.9%) 1.40% +0.036 pp 0.01% -0.001 pp USD21.72 -24.6% 25 qtrs
12 SCHRODER INVESTMENT MANAGEMENT GROUP 7.10M -5.2M (-42.2%) 116.20M -114.7M (-49.7%) 1.35% -0.982 pp 0.09% -0.092 pp USD19.60 -16.5% 9 qtrs
13 NINETY ONE UK LTD 6.19M +534.0K (+9.4%) 101.27M -4.9M (-4.6%) 1.18% +0.105 pp 0.22% -0.012 pp USD16.48 -0.7% 12 qtrs
14 ATMOS CAPITAL GESTAO DE RECURSOS LTDA. 6.14M +4.1M (+205.3%) 100.45M +62.7M (+166.0%) 1.17% +0.786 pp 13.21% +8.140 pp USD17.16 -4.6% 2 qtrs
15 NORGES BANK 4.90M +4.9M (+100.0%) 80.20M +80.2M (+100.0%) 0.93% +0.931 pp 0.01% +0.009 pp USD16.37 +0.0% 1 qtrs NEW
16 GEODE CAPITAL MANAGEMENT, LLC 4.87M +204.5K (+4.4%) 79.29M -7.9M (-9.1%) 0.92% +0.040 pp 0.00% -0.001 pp USD20.64 -20.7% 25 qtrs
17 SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. 4.79M -2.1M (-30.2%) 78.47M -50.6M (-39.2%) 0.91% -0.390 pp 14.67% -14.127 pp USD22.73 -28.0% 22 qtrs
18 FISHER ASSET MANAGEMENT, LLC 4.38M -141.7K (-3.1%) 71.66M -13.3M (-15.6%) 0.83% -0.024 pp 0.02% -0.006 pp USD22.87 -28.4% 17 qtrs
19 SPX GESTAO DE RECURSOS LTDA 4.20M +2.2M (+109.7%) 68.68M +31.1M (+82.7%) 0.80% +0.417 pp 7.02% +3.892 pp USD17.19 -4.8% 6 qtrs
20 BANK OF AMERICA CORP /DE/ 3.86M +29.9K (+0.8%) 63.15M -8.8M (-12.2%) 0.73% +0.006 pp 0.00% 0.000 pp USD18.05 -9.3% 24 qtrs
21 VANGUARD GROUP INC 3.78M +170.6K (+4.7%) 61.96M -6.0M (-8.8%) 0.72% +0.033 pp 0.00% 0.000 pp USD20.78 -21.2% 20 qtrs
22 SEAFARER CAPITAL PARTNERS, LLC 3.77M +— (+0.0%) 61.73M -9.1M (-12.9%) 0.72% +0.003 pp 16.04% -4.172 pp USD14.91 +9.8% 17 qtrs
23 OAKTREE CAPITAL MANAGEMENT LP 3.32M +1.3M (+63.3%) 54.35M +16.2M (+42.3%) 0.63% +0.246 pp 0.77% +0.206 pp USD17.85 -8.3% 2 qtrs
24 LEGAL & GENERAL GROUP PLC 2.76M +228.2K (+9.0%) 45.18M -2.4M (-5.0%) 0.52% +0.045 pp 0.01% -0.001 pp USD17.92 -8.6% 23 qtrs
25 FRANKLIN RESOURCES INC 2.73M +256.1K (+10.3%) 44.76M -1.8M (-3.9%) 0.52% +0.050 pp 0.01% -0.001 pp USD12.63 +29.6% 25 qtrs
26 NORTHERN TRUST CORP 2.57M +3.5K (+0.1%) 42.05M -6.2M (-12.8%) 0.49% +0.002 pp 0.01% -0.001 pp USD16.52 -0.9% 24 qtrs
27 AMERICAN CENTURY COMPANIES INC 2.49M +70.1K (+2.9%) 40.77M -4.7M (-10.4%) 0.47% +0.014 pp 0.02% -0.003 pp USD19.83 -17.4% 22 qtrs
28 UBS ASSET MANAGEMENT AMERICAS INC 2.39M +2.4M (+100.0%) 39.15M +39.1M (+100.0%) 0.45% +0.455 pp 0.01% +0.008 pp USD16.37 +0.0% 21 qtrs
29 ABSOLUTE GESTAO DE INVESTIMENTOS LTDA. 2.26M +1.2M (+108.6%) 37.04M +16.7M (+81.8%) 0.43% +0.225 pp 3.87% +1.223 pp USD17.50 -6.5% 6 qtrs
30 SUSQUEHANNA INTERNATIONAL GROUP, LLP 2.08M +1.6M (+370.0%) 34.07M +25.7M (+309.4%) 0.39% +0.311 pp 0.00% +0.003 pp USD16.50 -0.8% 24 qtrs
31 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 1.94M +680.2K (+54.1%) 31.71M +8.1M (+34.3%) 0.37% +0.129 pp 0.10% +0.024 pp USD18.18 -10.0% 6 qtrs
32 MILLENNIUM MANAGEMENT LLC 1.79M +1.5M (+492.5%) 29.35M +23.7M (+416.2%) 0.34% +0.283 pp 0.01% +0.010 pp USD16.14 +1.4% 25 qtrs
33 JENNISON ASSOCIATES LLC 1.74M -1.0M (-36.9%) 28.47M -23.3M (-45.0%) 0.33% -0.191 pp 0.02% -0.013 pp USD13.75 +19.1% 11 qtrs
34 SEI INVESTMENTS CO 1.59M +555.2K (+53.7%) 26.00M +6.6M (+33.9%) 0.30% +0.106 pp 0.03% +0.005 pp USD19.63 -16.6% 22 qtrs
35 DEUTSCHE BANK AG\ 1.55M +951.4K (+158.1%) 25.42M +14.1M (+124.8%) 0.30% +0.181 pp 0.01% +0.005 pp USD17.24 -5.0% 25 qtrs
36 GOLDMAN SACHS GROUP INC 1.55M +499.6K (+47.6%) 25.37M +5.6M (+28.6%) 0.29% +0.096 pp 0.00% +0.001 pp USD18.85 -13.2% 20 qtrs
37 RUSSELL INVESTMENTS GROUP, LTD. 1.51M +43.3K (+3.0%) 24.71M -2.9M (-10.5%) 0.29% +0.009 pp 0.03% -0.004 pp USD19.13 -14.4% 10 qtrs
38 FEDERATED HERMES, INC. 1.45M -8.6K (-0.6%) 23.81M -3.7M (-13.4%) 0.28% -0.001 pp 0.04% -0.009 pp USD19.94 -17.9% 5 qtrs
39 UBS GROUP AG 1.44M +730.9K (+102.9%) 23.59M +10.2M (+76.8%) 0.27% +0.139 pp 0.00% +0.002 pp USD16.77 -2.4% 25 qtrs
40 OPTIVER HOLDING B.V. 1.44M +1.0M (+230.2%) 23.57M +15.4M (+187.7%) 0.27% +0.191 pp 0.01% +0.006 pp USD16.42 -0.3% 5 qtrs
41 NUVEEN, LLC 1.44M +9.3K (+0.7%) 23.54M -3.3M (-12.3%) 0.27% +0.002 pp 0.01% -0.001 pp USD13.77 +18.9% 4 qtrs
42 NINETY ONE NORTH AMERICA, INC. 1.44M +195.9K (+15.8%) 23.51M +206.9K (+0.9%) 0.27% +0.038 pp 0.95% -0.103 pp USD18.46 -11.3% 2 qtrs
43 NEW YORK STATE COMMON RETIREMENT FUND 1.37M +610.0K (+80.5%) 22.39M +8.2M (+57.2%) 0.26% +0.117 pp 0.03% +0.012 pp USD17.87 -8.4% 11 qtrs
44 LOS ANGELES CAPITAL MANAGEMENT LLC 1.19M +60.7K (+5.4%) 21.34M +79.7K (+0.4%) 0.23% +0.012 pp 0.07% +0.001 pp USD20.00 -18.2% 3 qtrs
45 BANK OF MONTREAL /CAN/ 1.29M +1.3M (+100.0%) 21.13M +21.1M (+100.0%) 0.25% +0.245 pp 0.01% +0.007 pp USD16.37 +0.0% 1 qtrs NEW
46 BANK OF NEW YORK MELLON CORP 1.26M -22.7K (-1.8%) 20.55M -3.5M (-14.4%) 0.24% -0.004 pp 0.00% -0.001 pp USD15.55 +5.3% 21 qtrs
47 VOLORIDGE INVESTMENT MANAGEMENT, LLC 1.24M -963.0K (-43.6%) 20.35M -21.1M (-50.9%) 0.24% -0.182 pp 0.07% -0.068 pp USD17.12 -4.4% 13 qtrs
48 BAMCO INC /NY/ 1.20M -660.1K (-35.6%) 19.57M -15.3M (-43.9%) 0.23% -0.124 pp 0.05% -0.039 pp USD24.34 -32.7% 25 qtrs
49 BNP PARIBAS ARBITRAGE, SNC 1.12M +618.4K (+122.5%) 18.39M +8.9M (+93.9%) 0.21% +0.117 pp 0.01% +0.003 pp USD15.53 +5.4% 5 qtrs
50 CITIGROUP INC 1.10M +180.8K (+19.6%) 18.06M +726.1K (+4.2%) 0.21% +0.035 pp 0.01% +0.000 pp USD18.13 -9.7% 24 qtrs
51 PRAETORIAN PR LLC 1.00M +— (+0.0%) 16.37M -2.4M (-12.9%) 0.19% +0.001 pp 7.93% -3.361 pp USD12.17 +34.5% 5 qtrs
52 MITSUBISHI UFJ TRUST & BANKING CORP 905.9K -129.9K (-12.5%) 14.83M -4.6M (-23.8%) 0.17% -0.024 pp 0.04% -0.008 pp USD17.32 -5.5% 14 qtrs
53 FIL LTD 892.4K +221.3K (+33.0%) 14.61M +2.0M (+15.9%) 0.17% +0.043 pp 0.01% +0.001 pp USD17.94 -8.8% 6 qtrs
54 SWISS NATIONAL BANK 880.6K +71.8K (+8.9%) 14.41M -781.8K (-5.1%) 0.17% +0.014 pp 0.01% 0.000 pp USD17.80 -8.0% 6 qtrs
55 SUMITOMO MITSUI TRUST HOLDINGS, INC. 799.9K +24.6K (+3.2%) 13.09M -1.5M (-10.1%) 0.15% +0.005 pp 0.01% -0.001 pp USD17.51 -6.5% 6 qtrs
56 ASSENAGON ASSET MANAGEMENT S.A. 784.4K +322.6K (+69.9%) 12.84M +4.2M (+48.0%) 0.15% +0.062 pp 0.02% +0.006 pp USD16.34 +0.2% 6 qtrs
57 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 784.0K +11.9K (+1.5%) 12.83M -1.7M (-11.5%) 0.15% +0.003 pp 0.01% -0.001 pp USD27.03 -39.4% 24 qtrs
58 AMUNDI 761.8K +156.2K (+25.8%) 12.47M +2.1M (+20.3%) 0.14% +0.030 pp 0.00% +0.000 pp USD17.77 -7.9% 19 qtrs
59 TWO SIGMA INVESTMENTS, LP 693.3K +361.6K (+109.0%) 11.35M +5.1M (+82.1%) 0.13% +0.069 pp 0.02% +0.007 pp USD18.03 -9.2% 3 qtrs
60 SUSTAINABLE GROWTH ADVISERS, LP 680.2K +145.2K (+27.1%) 11.13M +1.1M (+10.8%) 0.13% +0.028 pp 0.08% +0.018 pp USD20.72 -21.0% 21 qtrs
61 WEALTH HIGH GOVERNANCE CAPITAL LTDA 610.3K +610.3K (+100.0%) 9.99M +10.0M (+100.0%) 0.12% +0.116 pp 1.87% +1.869 pp USD16.37 +0.0% 1 qtrs NEW
62 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 596.8K -1.3M (-67.8%) 9.77M -25.0M (-71.9%) 0.11% -0.238 pp 0.03% -0.063 pp USD18.79 -12.9% 2 qtrs
63 INVESCO LTD. 594.7K +232.8K (+64.3%) 9.74M +2.9M (+43.2%) 0.11% +0.044 pp 0.00% +0.000 pp USD16.79 -2.5% 20 qtrs
64 POINTSTATE CAPITAL LP 571.8K +571.8K (+100.0%) 9.36M +9.4M (+100.0%) 0.11% +0.109 pp 0.14% +0.138 pp USD16.37 +0.0% 1 qtrs NEW
65 MARSHALL WACE, LLP 554.8K -37.1K (-6.3%) 9.08M -2.0M (-18.3%) 0.11% -0.007 pp 0.01% -0.003 pp USD20.63 -20.6% 11 qtrs
66 AMERIPRISE FINANCIAL INC 547.5K -1.3M (-70.8%) 8.96M -26.3M (-74.6%) 0.10% -0.251 pp 0.00% -0.006 pp USD21.58 -24.1% 25 qtrs
67 PICTET ASSET MANAGEMENT HOLDING SA 539.5K +56.1K (+11.6%) 8.83M -251.6K (-2.8%) 0.10% +0.011 pp 0.01% 0.000 pp USD17.31 -5.4% 6 qtrs
68 FIRST TRUST ADVISORS LP 534.9K -694.8K (-56.5%) 8.76M -14.3M (-62.1%) 0.10% -0.132 pp 0.01% -0.011 pp USD14.30 +14.5% 11 qtrs
69 NORDEA INVESTMENT MANAGEMENT AB 522.5K +522.5K (+100.0%) 8.57M +8.6M (+100.0%) 0.10% +0.099 pp 0.01% +0.007 pp USD16.37 +0.0% 1 qtrs NEW
70 RHEOS CAPITAL WORKS INC. 500.0K +200.0K (+66.7%) 8.19M +2.5M (+45.2%) 0.10% +0.038 pp 0.52% +0.209 pp USD17.82 -8.1% 2 qtrs
71 ALLIANCEBERNSTEIN L.P. 487.8K +316.8K (+185.2%) 7.99M +4.8M (+148.5%) 0.09% +0.060 pp 0.00% +0.002 pp USD16.97 -3.5% 11 qtrs
72 ROYAL BANK OF CANADA 469.5K +76.1K (+19.3%) 7.69M +294.0K (+4.0%) 0.09% +0.015 pp 0.00% +0.000 pp USD18.62 -12.1% 21 qtrs
73 WALLEYE TRADING LLC 458.5K +248.6K (+118.5%) 7.51M +3.6M (+90.3%) 0.09% +0.047 pp 0.01% +0.005 pp USD17.67 -7.4% 7 qtrs
74 TREASURER OF THE STATE OF NORTH CAROLINA 457.1K -17.0K (-3.6%) 7.48M -1.4M (-16.0%) 0.09% -0.003 pp 0.02% -0.004 pp USD21.53 -24.0% 11 qtrs
75 MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD. 457.1K +104.4K (+29.6%) 7.40M +768.5K (+11.6%) 0.09% +0.020 pp 0.01% +0.000 pp USD17.84 -8.2% 6 qtrs
76 THORNBURG INVESTMENT MANAGEMENT INC 450.1K +450.1K (+100.0%) 7.37M +7.4M (+100.0%) 0.09% +0.085 pp 0.09% +0.093 pp USD16.37 +0.0% 1 qtrs NEW
77 JPMORGAN CHASE & CO 434.5K -882.1K (-67.0%) 7.11M -17.6M (-71.3%) 0.08% -0.167 pp 0.00% -0.001 pp USD18.75 -12.7% 25 qtrs
78 RHUMBLINE ADVISERS 400.2K -10.7K (-2.6%) 6.55M -1.2M (-15.1%) 0.08% -0.002 pp 0.01% -0.001 pp USD21.86 -25.1% 11 qtrs
79 BW GESTAO DE INVESTIMENTOS LTDA. 389.7K +389.7K (+100.0%) 6.38M +6.4M (+100.0%) 0.07% +0.074 pp 0.14% +0.144 pp USD16.37 +0.0% 4 qtrs
80 DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN 385.2K +385.2K (+100.0%) 6.31M +6.3M (+100.0%) 0.07% +0.073 pp 0.01% +0.005 pp USD16.37 +0.0% 1 qtrs NEW
81 GREAT LAKES ADVISORS, LLC 384.6K -149.4K (-28.0%) 6.30M -3.7M (-37.3%) 0.07% -0.028 pp 0.05% -0.032 pp USD18.79 -12.9% 2 qtrs
82 EARNEST PARTNERS LLC 380.5K -11.2K (-2.8%) 6.23M -1.1M (-15.4%) 0.07% -0.002 pp 0.03% -0.005 pp USD21.86 -25.1% 17 qtrs
83 CROSSMARK GLOBAL HOLDINGS, INC. 361.3K -406.8K (-53.0%) 5.91M -8.5M (-59.0%) 0.07% -0.077 pp 0.08% -0.131 pp USD19.57 -16.4% 5 qtrs
84 GLOBEFLEX CAPITAL L P 357.9K +18.3K (+5.4%) 5.86M -521.5K (-8.2%) 0.07% +0.004 pp 0.90% -0.086 pp USD19.96 -18.0% 3 qtrs
85 ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. 357.6K -136.6K (-27.6%) 5.85M -3.4M (-37.0%) 0.07% -0.026 pp 0.01% -0.005 pp USD19.73 -17.0% 10 qtrs
86 VOYA INVESTMENT MANAGEMENT LLC 357.6K -7.6K (-2.1%) 5.85M -1.0M (-14.7%) 0.07% -0.001 pp 0.01% -0.001 pp USD24.37 -32.8% 11 qtrs
87 POINT72 ASSET MANAGEMENT, L.P. 350.7K +350.7K (+100.0%) 5.74M +5.7M (+100.0%) 0.07% +0.067 pp 0.01% +0.006 pp USD16.37 +0.0% 1 qtrs NEW
88 ACADIAN ASSET MANAGEMENT LLC 346.1K -581.1K (-62.7%) 5.66M -11.7M (-67.5%) 0.07% -0.110 pp 0.01% -0.021 pp USD20.07 -18.4% 12 qtrs
89 ROYAL LONDON ASSET MANAGEMENT LTD 333.3K +1.6K (+0.5%) 5.46M -776.5K (-12.5%) 0.06% +0.001 pp 0.01% -0.002 pp USD12.37 +32.3% 5 qtrs
90 PUBLIC SECTOR PENSION INVESTMENT BOARD 321.8K +32.8K (+11.3%) 5.27M -162.4K (-3.0%) 0.06% +0.006 pp 0.02% -0.002 pp USD17.78 -7.9% 6 qtrs
91 TWINBEECH CAPITAL LP 319.9K +319.9K (+100.0%) 5.24M +5.2M (+100.0%) 0.06% +0.061 pp 0.37% +0.372 pp USD16.37 +0.0% 6 qtrs
92 LOOMIS SAYLES & CO L P 318.0K -35.2K (-10.0%) 5.21M -1.4M (-21.6%) 0.06% -0.007 pp 0.01% -0.002 pp USD19.78 -17.2% 10 qtrs
93 MACKENZIE FINANCIAL CORP 297.1K -322.2K (-52.0%) 4.90M -6.7M (-57.9%) 0.06% -0.061 pp 0.01% -0.008 pp USD16.73 -2.2% 4 qtrs
94 D. E. SHAW & CO., INC. 296.5K -66.7K (-18.4%) 4.85M -2.0M (-28.9%) 0.06% -0.012 pp 0.00% -0.001 pp USD14.77 +10.8% 10 qtrs
95 HANDELSBANKEN FONDER AB 295.6K +55.7K (+23.2%) 4.84M +332.0K (+7.4%) 0.06% +0.011 pp 0.01% +0.000 pp USD21.81 -24.9% 23 qtrs
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 130 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 FMQQ The Next Frontier Internet ETF FMQQ 2.28% 435.6K 0.86%
2 OTG Latin America ETF OTGL 1.94% 419.6K 0.95%
3 Renaissance IPO ETF IPO 1.63% 2.60M 0.60%
4 Xtrackers MSCI Brazil UCITS ETF 1C XMBD.L 1.39% 3.63M 0.25%
5 iShares MSCI Brazil UCITS ETF USD (Dist) IDBZ.L 1.38% 6.98M 0.74%
6 iShares MSCI Brazil UCITS ETF (DE) 4BRZ.DE 1.37% 64.86M 0.27%
7 iShares MSCI Brazil ETF EWZ 1.31% 120.95M 0.59%
8 Baron Emerging Markets Select ETF BCEM 0.99% 412.8K 0.80%
9 iShares MSCI EM Latin America UCITS ETF DLTM.L 0.71% 14.17M 0.20%
10 BrandywineGLOBAL-Dynamic US Large Cap Value ETF DVAL 0.53% 372.4K 0.49%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
0
Sells
0
Shares acquired
Shares disposed
Cash buys
Cash sales
Net activity
+0
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-03-18 Werneck Melissa Director 0 0.00 0
2026-03-18 Teixeira Joao Roberto Goncalves Director Class A Common Shares 0 0.00 1,041 D
2026-03-18 Pedro Jose Luiz Acar Director 0 0.00 0
2026-03-18 Leal Gabriel Klas da Rocha Director 0 0.00 0
2026-03-18 Farinassi Victor Andreu Mansur Officer Class A Common Shares 0 0.00 188,107 D
2026-03-18 Dos Santos Bruno Constantino Alexandre Director Class A Common Shares 0 0.00 1,623,257 I
2026-03-18 De Almeida Fabricio Cunha Officer 0 0.00 0
2026-03-18 Da Silva Guilherme Sant'anna Monteiro Officer 0 0.00 0
2026-03-18 Botelho Bernardo Amaral Director Class A Common Shares 0 0.00 7,410 D
2026-03-18 Berenguer Neto Jose De Menezes Officer Class A Common Shares 0 0.00 891,466 D
2026-03-18 Benchimol Guilherme Dias Fernandes Director Class A Common Shares 0 0.00 163,463 D
2023-07-27 XPAC Sponsor LLC S-Sale D Class B ordinary shares 4,400,283 0.00 1,000,000

Executive team

Top executives
EBIT / Employee
808.0K
Shares Outstanding
527.32M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-18 6-K
2026-05-18 6-K
2026-05-18 6-K
2026-05-18 6-K
2026-05-14 SC 13G/A
2026-05-06 6-K
2026-04-29 20-F
2026-03-18 3/A
2026-03-18 3
2026-03-18 3

Executive team

NameTitleCompensationGender
Andre Parize Chief Investor Relations Officer male
Antonio Guimarães Investor Relations Officer male
Fabrício Cunha de Almeida General Counsel male
Gabriel Dos Santos Head of Recruitment & Selection
Guilherme Dias Fernandes Benchimol Founder & Executive Chairman male
Jose de Menezes Berenguer Neto Chief Executive Officer of Banco XP S.A. male
Marco Goncalves Head of M&A
Thiago Maffra Chief Executive Officer male
Victor Andreu Mansur Farinassi Chief Financial Officer male
Ygor Gomes Altero Equity Research Analyst male
ESG Rating
B+
FINANCIAL - CAPITAL MARKETS
Rank: 10 out of 83
2026
E (Environmental)
77.2 / 59.1
Company / Sector avg.
S (Social)
79.2 / 74.1
Company / Sector avg.
G (Governance)
68.3 / 72.6
Company / Sector avg.
ESG Total
74.9 / 68.6
Company / Sector avg.
ESG Score History FINANCIAL - CAPITAL MARKETS
Benchmark vs Sector
Senate Trading Activity
Transaction Date Disclosed Senator State Owner Type Amount Link
2024-01-19 2024-02-14 Tommy Tuberville AL Joint Sale (Full) $15,001 - $50,000
2023-04-03 2023-05-11 Tommy Tuberville AL Joint Purchase $1,001 - $15,000
House Trading Activity
Transaction Date Disclosed Representative District Owner Type Amount Link
2024-06-18 2024-07-09 Josh Gottheimer NJ05 Joint Sale (Partial) $1,001 - $15,000
2022-07-15 2022-08-29 Josh Gottheimer NJ05 Purchase $1,001 - $15,000
2022-06-14 2022-07-22 Josh Gottheimer NJ05 Joint Sale (Partial) $1,001 - $15,000
2021-12-22 2022-01-10 Josh Gottheimer NJ05 Joint Purchase $1,001 - $15,000
2021-12-21 2022-01-10 Josh Gottheimer NJ05 Joint Purchase $1,001 - $15,000
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits