Xp (XP) financial statements

Financial Services · Capital Markets · Market cap $16.1B

Xp reported revenue of 7.4B BRL in fiscal 2024, up 28.5% a year over 7 years.

Net income was 4.5B BRL.

Free cash flow was 10.8B BRL, and the company returned 2.0B BRL in dividends.

The diluted share count rose 13% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (BRL).

-505101520172018201920202021202220232024RevenueFree cash flow
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Income statement

Fiscal years, in BRL, from Xp's 10-K filings with the SEC.

Fiscal year20172018201920202021202220232024
Revenue1.3B BRL2.1B BRL3.6B BRL5.0B BRL6.2B BRL5.9B BRL6.5B BRL7.4B BRL
Selling, general and admin682M BRL1.3B BRL2.0B BRL3.1B BRL4.9B BRL5.8B BRL5.6B BRL6.2B BRL
Pre-tax income576M BRL641M BRL1.5B BRL2.4B BRL3.8B BRL3.4B BRL3.9B BRL5.0B BRL
Income tax152M BRL175M BRL455M BRL340M BRL223M BRL-136M BRL37M BRL471M BRL
Net income414M BRL461M BRL1.1B BRL2.1B BRL3.6B BRL3.6B BRL3.9B BRL4.5B BRL
EPS (diluted)0.85 BRL0.94 BRL2.11 BRL3.71 BRL6.26 BRL6.25 BRL7.16 BRL8.23 BRL
Diluted shares485M493M512M559M573M573M544M548M
Net margin32.2%22.5%30.0%41.4%57.9%60.2%59.7%60.8%

Balance sheet

Fiscal years, in BRL, from Xp's 10-K filings with the SEC.

Fiscal year20172018201920202021202220232024
Cash and short-term investments835M BRL627M BRL888M BRL2.7B BRL3.8B BRL5.0B BRL9.2B BRL12.9B BRL
Receivables—219M BRL462M BRL—————
Property, plant and equipment47M BRL99M BRL142M BRL204M BRL314M BRL311M BRL373M BRL450M BRL
Total assets—17.7B BRL43.6B BRL96.0B BRL139.3B BRL192.0B BRL249.0B BRL347.5B BRL
Total liabilities—15.6B BRL36.5B BRL85.1B BRL124.9B BRL175.0B BRL229.6B BRL327.4B BRL
Shareholders' equity1.2B BRL2.1B BRL7.2B BRL10.9B BRL14.4B BRL17.0B BRL19.4B BRL20.0B BRL
Net debt-835M BRL-627M BRL-888M BRL-2.7B BRL-3.8B BRL-5.0B BRL-9.2B BRL-12.9B BRL

Cash flow

Fiscal years, in BRL, from Xp's 10-K filings with the SEC.

Fiscal year20172018201920202021202220232024
Operating cash flow262M BRL-457M BRL-3.8B BRL1.5B BRL-4.0B BRL1.8B BRL8.1B BRL11.2B BRL
Capital spending51M BRL137M BRL161M BRL292M BRL353M BRL127M BRL196M BRL330M BRL
Free cash flow211M BRL-593M BRL-4.0B BRL1.2B BRL-4.4B BRL1.7B BRL7.9B BRL10.8B BRL
Stock-based compensation—0 BRL5M BRL233M BRL561M BRL585M BRL366M BRL417M BRL
Dividends paid190M BRL325M BRL500M BRL0 BRL0 BRL0 BRL3.5B BRL2.0B BRL
Net borrowing826M BRL-364M BRL-123M BRL-153M BRL1.5B BRL-102M BRL286M BRL-2.4B BRL
Free cash flow margin16.5%-28.9%-110.6%24.3%-70.6%28.2%121.4%146.1%
Dividends per share0.39 BRL0.66 BRL0.98 BRL———6.51 BRL3.72 BRL
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Questions

What was Xp's revenue in 2024?

7.4B BRL in fiscal 2024, from its 10-K filing.

How much free cash flow does Xp generate?

10.8B BRL in fiscal 2024 (operating cash flow minus capital spending).

From Xp's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.