XP Inc. (XP) Stock Price & Analysis
XP Inc. (XP) is trading at USD 29.42, up 0.24% today, as of October 23, 2026 at 15:45 UTC (US market open; quotes may be delayed), according to Nexqual market data.
XP last closed at USD 29.35; today's session has ranged USD 28.89–29.79 on volume of 4,261,346 shares. Market capitalization is $14.93B, with a 52-week range of USD 14.8–32.73 (NMS). Source: Nexqual, retrieved October 23, 2026 at 15:45 UTC.
Also available as compact Markdown for AI agents: nexqual.com/XP.md
Key facts (XP)
- 2 of 80 tracked superinvestors hold XP (13F, Q2 2026): 0 new, 0 added, 2 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $2.4M; 1 not under a Rule 10b5-1 plan ($2.4M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.77 on a 1–5 scale) (13 analysts), mean target USD 28.58 (range 20.84–37.92).
- Total return with dividends: 1Y +75.2% vs S&P 500 +14.7%; 5Y +1.9% vs S&P 500 +77.4%.
- Next earnings: 2026-11-16, EPS estimate USD 2.75, revenue estimate $5.12B.
Superinvestors (SEC 13F-HR, Q2 2026) (XP)
2 of 80 tracked investors hold XP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Howard Marks | Oaktree Capital | 1.34% | $50.7M | Reduced -1.7% |
| Dodge & Cox Funds | Dodge & Cox | 0.28% | $529M | Reduced -0.5% |
Insider sales (SEC Form 4, open-market, last ~7 months) (XP)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-16 | Dos Santos Bruno Constantino Alexandre | Director | 123,257 | $2.4M | 7.6% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (XP)
Consensus Buy (mean 1.77 on a 1–5 scale), 13 analysts; mean target USD 28.58 (low 20.84, high 37.92).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-08 | UBS | Target raised | Buy | $25 → $37 |
| 2026-10-06 | JP Morgan | Target raised | Overweight | $26 → $38 |
| 2026-10-06 | Itau BBA | Upgrade | Market Perform → Outperform | $27 |
| 2026-09-29 | Citigroup | Target raised | Buy | $23 → $25 |
| 2026-08-31 | Itau BBA | Upgrade | Market Perform → Outperform | $22 |
Total return (dividends reinvested) (XP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +75.2% | +1.9% |
| S&P 500 (SPY) | +14.7% | +77.4% |
| Per year | +75.3% | +0.4% |
| Volatility (annualized) | 54.2% | 51.1% |
| Max drawdown | -34.1% (Feb 2026→Jun 2026) | -69.0% (Nov 2021→Apr 2023) |
XP suppliers, customers and competitors (named in its 20-F)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Microsoft (MSFT) | “We rely on a number of external service providers for certain key market information and data, technology, processing and supporting functions, such as Microsoft, SAP and Oracle, among others.” |
| Supplier | SAP (SAP) | “We rely on a number of external service providers for certain key market information and data, technology, processing and supporting functions, such as Microsoft, SAP and Oracle, among others.” |
| Supplier | Oracle (ORCL) | “We rely on a number of external service providers for certain key market information and data, technology, processing and supporting functions, such as Microsoft, SAP and Oracle, among others.” |
| Customer | B3 | “Any significant degradation or failure of our systems or the systems of third parties involved in the trading process (e.g., online and internet service providers, the systems of the B3, record keeping and data processing functions performed by third parties, and third-party software), even for a short time, could cause customers to suffer delays in trading.” |
| Customer | XP CCTVM | “To the extent customers withdraw a substantial amount of their funds held in such customer accounts for other uses, XP CCTVM might experience liquidity constraints, requiring it to rapidly sell financial assets at a discounted price, and may be unable to obtain funding and default on its payment obligations to market counterparties and other customers, which may cause XP CCTVM to incur losses, and consequently har…” |
| Partner | Bermuda | “Following the XPart merger on October 1, 2021, we entered into an amended and restated registration rights agreement with XP Controle, GA Bermuda, ITB Holding, IUPAR and Itaúsa.” |
| Partner | ITB Holding | “Following the XPart merger on October 1, 2021, we entered into an amended and restated registration rights agreement with XP Controle, GA Bermuda, ITB Holding, IUPAR and Itaúsa.” |
| Competitor | Visa (V) | “Main product developments include: (1) retirement plans platform launched in 2019; (2) collateralized credit in 2020; (3) Visa Infinite credit cards in 2021; and (4) digital account, international investments platform and life insurance in 2022.” |
Quoted from the company's 20-F filed Apr 29, 2026.
XP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.75 | $2.71 | +1.6% | $5.12B | 5 |
| Next quarter (ends Dec 2026) | $2.93 | $2.86 | +2.4% | $5.45B | 5 |
| Current fiscal year (ends Dec 2026) | $10.90 | $10.66 | +2.3% | $20.10B | 8 |
| Next fiscal year (ends Dec 2027) | $12.63 | $11.95 | +5.6% | $22.77B | 8 |
XP options: expected move
Options price a move of about ±23.8% (±$6.95) by Nov 20, 2026, which includes earnings on Nov 16, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 190.4% | ±21.3% |
| Nov 6, 2026 | 14 | 152.5% | ±24.0% |
| Nov 13, 2026 | 21 | 127.7% | ±24.5% |
| Nov 20, 2026 | 28 | 107.9% | ±23.8% |
| Nov 27, 2026 | 35 | 108.0% | ±26.5% |
| Dec 4, 2026 | 42 | 92.9% | ±25.0% |
| Dec 18, 2026 | 56 | 84.2% | ±26.0% |
| Jan 15, 2027 | 84 | 73.3% | ±27.7% |
30-day implied volatility 105.4% vs 87.5% realized over the last 30 trading days. Put/call ratio (volume) 1.2. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 15:45 UTC)
| Price | USD 29.42 |
|---|---|
| Change | ▲ 0.24% (up) |
| Previous Close | USD 29.35 |
| Open | USD 29.5 |
| Day Range | USD 28.89 – 29.79 |
| 52-Week Range | USD 14.8 – 32.73 |
| Volume | 4,261,346 shares |
| Market Cap | $14.93B |
| Exchange | NMS |
Technical Analysis (XP)
Nexqual's technical model rates XP "STRONG BUY" based on 6 bullish and 0 bearish signals across 128 daily candles, as of October 23, 2026 at 15:45 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 61.22 (neutral) |
| vs SMA50 | Above (USD 22.44) |
| MACD | 2.42 (positive) |
Analyst Ratings (XP)
Wall Street analysts rate XP "Buy" based on 13 analysts, with a mean price target of USD 28.58 (range USD 20.84–37.92), per Nexqual as of October 23, 2026 at 15:45 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 13 |
| Mean Target | USD 28.58 |
| High Target | USD 37.92 |
| Low Target | USD 20.84 |
| Buy / Hold / Sell | 12 / 1 / 0 |
Earnings (XP)
| Next Earnings Date | 2026-11-16 |
|---|---|
| EPS Estimate | USD 2.75 |
| Revenue Estimate | $5.12B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.67 vs est 2.62 ▲ beat |
| 2026-03-31 | USD 2.49 vs est 2.53 ▼ miss |
| 2025-12-31 | USD 2.56 vs est 2.5 ▲ beat |
| 2025-09-30 | USD 2.47 vs est 2.42 ▲ beat |
Source: Nexqual, October 23, 2026 at 15:45 UTC.
Financials & Fundamentals (XP)
| Total Revenue | $18.63B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +10.60% |
| Gross Margin | +69.20% |
| Operating Margin | +31.18% |
| Profit Margin | +28.54% |
| ROE | +22.56% |
| Debt / Equity | 6.42 |
| Current Ratio | 1.49 |
| Total Cash | $287.43B |
| Total Debt | $159.54B |
Source: Nexqual, October 23, 2026 at 15:45 UTC.
Financial Health Score (XP)
Nexqual rates XP Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 15:45 UTC.
| Growth | Solid — Revenue +8% YoY (annual) |
|---|---|
| Profitability | Strong — Net margin 28% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Security Brokers, Dealers & Flotation Companies) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Security Brokers, Dealers & Flotation Companies) |
| Efficiency | Strong — ROE 23%, ROA 1.4% |
Ownership (XP)
| Insider Ownership | +0.73% |
|---|---|
| Institutional Ownership | +83.41% |
| Shares Outstanding | 405.69M |
| Float | 403.19M |
| Short % of Float | +4.53% |
Source: Nexqual, October 23, 2026 at 15:45 UTC.
Leadership (XP)
XP Inc. is led by Jose de Menezes Berenguer Neto, CEO of Banco XP S.A. & Director, per Nexqual as of October 23, 2026 at 15:45 UTC.
| CEO of Banco XP S.A. & Director | Jose de Menezes Berenguer Neto |
|---|---|
| Founder & Executive Chairman | Guilherme Dias Fernandes Benchimol |
| Chief Financial Officer | Gustavo Alejo Viviani |
Major Backers & Investors (XP)
Notable institutional backers of XP Inc. include Dodge & Cox Inc., ARGA Investment Management, LP, General Atlantic, L.P., according to Nexqual as of October 23, 2026 at 15:45 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Dodge & Cox Inc. | 7.81% |
| ARGA Investment Management, LP | 5.91% |
| General Atlantic, L.P. | 4.93% |
| Capital Group | 4.65% |
| Massachusetts Financial Services Co. | 3.01% |
| Ninety One UK Ltd | 2.39% |
| FMR, LLC | 1.91% |
| Arrowstreet Capital, Limited Partnership | 1.69% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.75% |
| State Street | 2.33% |
Source: Nexqual, October 23, 2026 at 15:45 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| FUTU | Futu Holdings Limited | USD 100.35 | ▲ 1.45% |
| BMNR | BitMine Immersion Technologies, | USD 22.63 | ▲ 0.56% |
| JEF | Jefferies Financial Group Inc. | USD 44.69 | ▼ 2.09% |
| SF | Stifel Financial Corporation | USD 67 | ▼ 1.25% |
| CRCL | Circle Internet Group, Inc. | USD 86.7 | ▲ 0.09% |
| IREN | IREN LIMITED | USD 25.36 | ▼ 0.59% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 15:45 UTC. This page is informational and not investment advice.
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