Analyst Consensus ?
ConsensusBuy10 ratings
Bullish880.0%
Neutral220.0%
Bearish00.0%
XP Inc. · XP · FY2025 Q4 · Calendar Q1 2026
XP reports solid growth while expanding advisory, credit and digital products
The call supports a constructive operating narrative: management linked growth and diversification to fee-based advice, technology, AI, wholesale banking and cross-sell products. The case remains dependent on client confidence, margins, capital discipline and execution across newer offerings.
Reported After market closeNASDAQFinancial Services
$11.07B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.46
Consensus $0.45
EPS surprise
+2.2%
Reported versus consensus
Reported revenue
$901.6M
Consensus $866.1M
Revenue surprise
+4.1%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+0.5%
Event window
SPY move
+0.1%
Same window
Abnormal move
+0.4%
Stock minus SPY
Volume
1.1×
Versus trailing sessions
Subsequent drift
-3.3%
Up to 20 sessions
XPSPY benchmark
Ask FN2 about XP FY2025 Q4
Transcript, numbers and history already loaded
Why did XP rise 0.5% after beating EPS estimates in FY2025 Q4?What changed in XP's guidance and outlook in FY2025 Q4?Give me the bull and bear case for XP after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management emphasized a broader platform strategy, including a proprietary dollar-backed stablecoin, a relaunched crypto brokerage, expanded AI tools for advisers and deeper wholesale-banking and credit initiatives. 2026 guidance was maintained.
Guidance delta
2026 guidance was maintained; management expects stronger performance.
Key takeaways
- Management described solid growth, higher net income and strong return on equity.
- AI tools and technology investment are intended to improve adviser productivity and scale the network.
- Insurance, cards, stablecoin, crypto and credit products are broadening the platform.
- Wholesale banking, credit and SMB opportunities remain central to the 2026 plan.
- Key watch items include NPS, retail margins, capital intensity and regulatory developments.
Management priorities
- Scale fee-based advisory and RIA models
- Expand AI-enabled adviser tools and automation
- Develop wholesale banking and debt-capital-markets capabilities
- Broaden insurance, credit, stablecoin and crypto offerings
- Expand credit solutions for individuals, corporates and SMBs
Follow XP with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$21.43Current
$19Low
$25.5Average
$33High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Citigroup | Buy | Buy | Maintain | Sep 29, 2026 |
| Itau BBA | Outperform | Market Perform | Upgrade | Aug 31, 2026 |
| UBS | Buy | Buy | Maintain | Jun 3, 2026 |
| Goldman Sachs | Buy | Neutral | Upgrade | Jun 4, 2025 |
| B of A Securities | Neutral | Neutral | Maintain | May 21, 2025 |
| Morgan Stanley | Overweight | Equal Weight | Upgrade | May 13, 2025 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 16, 2024 |
| Banco Bradesco BBI S.A | Outperform | Neutral | Upgrade | Jan 24, 2024 |
| Credit Suisse | Neutral | Underperform | Upgrade | Jul 20, 2023 |
| HSBC | Buy | Buy | Maintain | Feb 28, 2023 |
Named analyst price targets
Upside is calculated against the persisted current price $21.44. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | Analyst unavailable | $22 | $17.4 | +2.6% | Jan 19, 2026 |
| UBS | Thiago Batista | $25 | $17.58 | +16.6% | Dec 16, 2025 |
| UBS | Thiago Batista | $23 | $16.53 | +7.3% | Oct 16, 2025 |
| UBS | Thiago Batista | $21 | $18.25 | -2.0% | Jul 11, 2024 |
| Bradesco | Gustavo Schroden | $19 | $16.7 | -11.4% | Jul 2, 2024 |
| Goldman Sachs | Tito Labarta | $23 | $21.42 | +7.3% | Apr 30, 2024 |
| Morgan Stanley | Jorge Kuri | $24 | $21.11 | +12.0% | Apr 22, 2024 |
| Bradesco | Otavio Tanganelli | $32 | $25.47 | +49.3% | Jan 24, 2024 |
| Credit Suisse | Marcelo Telles | $26 | $23.82 | +21.3% | Jul 20, 2023 |
| HSBC | Neha Agarwala | $33 | $20.48 | +54.0% | Jun 10, 2022 |
Track every rating change on XP the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationXP 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.…
Historical context
All XP earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FDS FactSet Research Systems Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.9% | +3.8% | FactSet reports record FY26 results as AI and MCP adoption accelerate |
| PUK Prudential plc | FY2026 Q2 · Calendar Q3 2026 | -40.9% | -0.5% | Prudential sustains growth and capital returns focus in H1 2026 |
| CM Canadian Imperial Bank of Commerce | FY2026 Q3 · Calendar Q3 2026 | +8.9% | -2.8% | CIBC Q3: Broad growth, resilient credit and expanded AI rollout |
| TD The Toronto-Dominion Bank | FY2026 Q3 · Calendar Q3 2026 | +13.8% | +1.4% | TD emphasizes growth investments alongside disciplined capital management |
| RY Royal Bank of Canada | FY2026 Q3 · Calendar Q3 2026 | +6.2% | -1.3% | RBC reports record Q3 earnings while investing for growth |
| AFRM Affirm Holdings, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1230.3% | +0.3% | Affirm's most profitable quarter shifts focus to product execution |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the XP recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-10-02T17:16:11.824125+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T17:16:11.821340+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-02. For educational purposes only; not investment advice.