Xp Inc. - XP STOCK NEWS

XP Inc. (NASDAQ: XP) reports strong financial results for Q3 2023, with total client assets at R$1,080 bn, total net inflow at R$48 bn, and a 17% YoY increase in gross revenue to R$4,364 mn. Retail revenue grew 21% YoY, driven by fixed income and cards. Institutional revenue remained stable QoQ, and Corporate & Issuer Services revenue increased by 83% QoQ.

XP Inc. announces 3Q23 KPIs, with client assets reaching R$1.1 trillion, up 17% YoY and 6% QoQ. Net inflow in 3Q23 was R$48 billion, up 118% QoQ and 38% YoY. Active clients grew 10% QoQ and 16% YoY, totaling 4.4 million. NPS was 72 in 3Q23. Retirement plans client assets were R$67 billion, up 16% YoY. Total TPV for cards was R$10.7 billion, a 61% YoY growth. Credit portfolio reached R$19.9 billion, expanding 11% QoQ and 22% YoY. Insurance active policies totaled 50 thousand, a 45% YoY increase.

XP Inc. approves payment of cash dividend

XP Inc. (NASDAQ: XP) reported its financial results for the second quarter of 2023, showing a 3% year-over-year increase in gross revenue. Retail revenue grew by 8% year-over-year, driven by various factors including stabilization in equities revenue, sequential rebound in fixed income revenue, and strong growth in new verticals revenue. The Annualized Retail Take Rate was 1.30% in 2Q23, up 9 bps QoQ. Earnings Before Taxes (EBT) increased by 12% year-over-year, reaching R$968 million in 2Q23. Net Income was R$977 million, up 7% year-over-year. The Company will host a webcast to discuss its second quarter financial results on Monday, August 14th, 2023.

XP Inc. (Nasdaq: XP) announced its 2Q23 KPIs, including a 21% YoY increase in client assets to R$1.0 trillion and a 7% QoQ increase. The NPS was 76, and the total credit portfolio reached R$17.9 billion. Active clients grew 1% QoQ and 11% YoY, totaling 4.0 million in 2Q23.

XP Inc. announces the termination of its shareholders agreement, improving corporate governance practices and board composition. The Iupar Group loses the right to nominate board members, but retains registration rights when selling shares. GA can nominate one board member with a minimum 2% ownership. The board will be reduced to 9 members.

XP Inc. (NASDAQ: XP) reported its 1Q23 results, showing Client Assets of R$954 billion, reflecting a 9% year-over-year increase driven by R$125 billion in net inflows despite R$44 billion in market depreciation. However, Net Inflow dropped to R$16.2 billion, down 48% quarter-over-quarter and 65% year-over-year, with Retail Net Inflow at R$15.5 billion. Active clients grew to 4 million, a 2% increase QoQ and 13% YoY. The company maintains its position as Brazil's leading independent financial platform with 13,000 independent financial advisors. Notably, Total Cards TPV surged 90% YoY to R$8.6 billion. The credit portfolio expanded 53% YoY, reaching R$17.5 billion, maintaining a 0.0% NPL ratio. A webcast to discuss detailed financial results is scheduled for May 15, 2023.

XP Inc. (NASDAQ: XP) announced its 2022 financial results, showing a 10% revenue growth to R$14 billion, despite a challenging market. Key highlights include stable net income at R$3.58 billion and a decrease in basic EPS by 19% to R$6.44. The company reported a 16% increase in total client assets, reaching R$946 billion, and a net inflow of R$155 billion for the year. However, 4Q22 saw a decline in revenue and margins, with gross profit dropping 13%. Moving forward, XP plans to adjust its cost structure and has set an EBT margin guidance of 26% to 32% for 2023-2025, emphasizing resilience and long-term growth prospects.