XP Inc. · XP · Next earnings

XP Inc. reports Monday, Nov 16, 2026

XP reports after market close with consensus EPS at $0.54 and revenue at $983.1M. Last quarter: XP’s Q2 growth broadened, while volatility and credit remain key risks

Reports After market close11 days awayDate estimated Financial Services

What the street expects

Consensus for the coming report
Consensus EPS $0.54 Calendar consensus
Consensus revenue $983.1M Calendar consensus
Report date Nov 16, 2026 Monday, date estimated
Session After market close 11 days away

Where XP left off: FY2026 Q2

Full report

XP’s Q2 growth broadened, while volatility and credit remain key risks

EPS surprise +6.0% Reported $0.53 vs $0.50
Revenue surprise +0.7% Reported $941.6M vs $935.1M
Stock move +0.9% Event window
Subsequent drift +24.7% Up to 20 sessions

Management reaffirmed double-digit growth targets for 2026 and continued to target a 16–19% capital ratio range; guidance sentiment was maintained.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Geopolitical tensions and market volatility could affect credit spreads and primary offerings
  • A reduced fixed-income pipeline and mark-to-market provisions could pressure revenue
  • Corporate and SME lending expansion could increase credit risk
  • Growth and valuation remain exposed to the sustainability of strong corporate revenue and market recovery

Questions analysts left open

  • How much future revenue and mark-to-market provisions could be affected by volatility
  • Whether corporate revenue growth can remain strong after the first half
  • How payout levels may change as XP balances capital targets and shareholder returns
  • Whether cost controls can offset higher SG&A tied to technology investment

Ask FN2 about XP next report

Transcript, numbers and history already loaded
What should I watch for in XP's next earnings report?How did XP guide last quarter, and is consensus above or below that?Give me the bull and bear case going into XP earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

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.

Recent XP quarters

All XP earnings
+0.9%FY2026 Q2-3.9%FY2026 Q1+0.5%FY2025 Q4-6.1%FY2024 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.