XP Inc.

NasdaqGS:XP 株式レポート

時価総額：US$9.2b

XP 将来の成長

Future 基準チェック /36

XP利益と収益がそれぞれ年間11.8%と12%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に23.5% 12.2%なると予測されています。

主要情報

11.8%

収益成長率

12.19%

EPS成長率

Capital Markets 収益成長11.7%
収益成長率12.0%
将来の株主資本利益率23.53%
アナリストカバレッジ

Good

最終更新日22 May 2026

今後の成長に関する最新情報

分析記事 • Nov 20

Earnings Update: XP Inc. (NASDAQ:XP) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

Shareholders might have noticed that XP Inc. ( NASDAQ:XP ) filed its third-quarter result this time last week. The...

Recent updates

ナラティブの更新 • May 08

XP: Future Returns Will Rely On 2026 Revenue Guidance Execution

Narrative Update on XP The updated analyst price target for XP has increased by about $1. Analysts attribute this change to higher revenue growth expectations into 2026 and a slightly lower assumed future P/E multiple, even as margin assumptions are reduced.
Seeking Alpha • Apr 29

XP: Growth Is Improving, But Retail Flows Are Still Missing

Summary XP’s growth is improving, but still driven by mix shift toward Corporate & Issuer Services and operating leverage—not a real pickup in trading activity or retail engagement. AUC is expanding, but largely on market performance rather than Net New Money, suggesting XP’s funding engine has yet to fully reaccelerate. Corporate & Issuer Services has become the main earnings driver, helping offset weak retail flows but also masking the lack of a broader cycle recovery. At ~9x forward earnings, XP screens cheap, but as a leveraged proxy to Brazilian capital markets, meaningful upside still depends on retail flows returning as rates decline. Read the full article on Seeking Alpha
ナラティブの更新 • Apr 20

XP: Execution On 2026 Guidance And Competition Will Shape Future Returns

Analysts have lifted their price targets on XP toward the mid $20s. These changes are framed around updated revenue growth expectations near 12% for 2026 and modest adjustments to projected profit margins and future P/E multiples.
ナラティブの更新 • Apr 06

XP: Execution On 2026 Revenue Guidance Will Drive Future Returns

Analysts have nudged their price targets for XP higher, with recent moves such as BofA's lift to $26 from $22 reflecting updated views on revenue growth expectations, profitability, and a modestly lower assumed discount rate. Analyst Commentary Recent research on XP shows a mix of optimism about long term revenue potential and caution about how much of that potential is already reflected in the share price.
ナラティブの更新 • Mar 23

XP: Future Returns Will Rely On 2026 Guidance And Capital Returns

Narrative Update on XP The consensus analyst price target for XP has shifted higher, with some moving to $26 from $22 as analysts factor in management’s reiterated 2026 gross revenue guidance, expectations for about 12% revenue growth in 2026, and stronger profit margin assumptions alongside a slightly lower forward P/E multiple. Analyst Commentary Recent research on XP highlights a mix of optimism around long term growth guidance and caution around execution and valuation, which is feeding into the latest price target changes.
ナラティブの更新 • Mar 08

XP: Reiterated 2026 Guidance And Buybacks Will Support Further Upside

Analysts have raised their average price target for XP to about $27.10, with the change tied to slightly stronger revenue growth assumptions and updated long term P/E expectations following recent research that incorporates management’s reiterated 2026 gross revenue guidance. Analyst Commentary Bullish analysts are framing the recent price target revisions as a reflection of greater confidence in XP’s ability to meet the company’s reiterated 2026 gross revenue guidance, while still maintaining some valuation discipline.
ナラティブの更新 • Feb 22

XP: 2026 Earnings Power And Buybacks Will Support Upside Potential

Analysts now see XP's fair value at about $26.86 versus roughly $26.00 previously, reflecting updated views on its discount rate, revenue growth, profit margin, and forward P/E after recent bullish Street research. Analyst Commentary Recent bullish research on XP has focused on how updated assumptions around discount rates, revenue growth, profit margins, and forward P/E can support a fair value around US$26.86, compared with roughly US$26.00 in prior models.
ナラティブの更新 • Feb 07

XP: Future Shareholder Returns Will Rely On Buybacks And Cash Dividends

Analysts have nudged their fair value estimate for XP from US$22.63 to about US$23.89 per share, reflecting updated assumptions for revenue growth, profit margins and future P/E multiples informed by recent research that maintains a positive view on the stock. Analyst Commentary Bullish Takeaways Bullish analysts view the recent initiation and refreshed fair value work as support that XP's current share price still leaves room for the updated US$23.89 estimate to be realized over time, assuming the company can deliver on its revenue and margin assumptions.
ナラティブの更新 • Jan 24

XP: Buybacks And Execution Risks Will Shape Future Returns

Analysts have raised their fair value estimate for XP from about US$20.06 to around US$21.30 per share, pointing to updated assumptions that combine stronger revenue growth expectations with slightly lower profit margins and a similar future P/E multiple. Analyst Commentary While the revised fair value estimate reflects updated assumptions on growth and margins, not every research desk is leaning in the same direction.
ナラティブの更新 • Jan 10

XP: Future Shareholder Returns Will Rely On Ongoing Buybacks And Dividends

Analysts have trimmed their price target on XP to US$22.63 from US$23.17, citing updated assumptions around fair value, revenue growth, profit margins, and future P/E, which slightly adjust their overall outlook. What's in the News XP Inc.
ナラティブの更新 • Dec 26

XP: Share Repurchases And Higher Margins Will Drive Stronger Future Returns

Analysts have raised their price target for XP from approximately 16.73 dollars to 20.06 dollars, citing expectations of slightly higher discount rates and improved long term profit margins that more than offset a modest reduction in projected revenue growth. What's in the News XP Inc.
ナラティブの更新 • Dec 12

XP Will Benefit From 2026 Earnings Power And Capital Returns

We modestly lift our fair value estimate for XP to approximately $26, reflecting analysts’ higher year-end 2026-based price targets in the low $20s, even as they trim revenue growth assumptions and flag near-term macro and activity headwinds. Analyst Commentary Bullish analysts have nudged their price targets into the low $20s, aligning with our updated fair value framework and signaling growing confidence that XP can execute through a tougher macro backdrop.
ナラティブの更新 • Nov 28

XP: Medium-Term Confidence Will Prevail Despite Near-Term Interest Rate Headwinds

XP’s analyst price target saw a modest increase to $23, up from previous levels, as analysts rolled forward valuation periods and maintained mostly stable earnings forecasts despite some pressure on revenue growth expectations and market activity. Analyst Commentary Recent Street research reports reflect a balanced perspective from analysts, highlighting both the opportunities and risks currently facing XP Inc.
分析記事 • Nov 20

Earnings Update: XP Inc. (NASDAQ:XP) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

Shareholders might have noticed that XP Inc. ( NASDAQ:XP ) filed its third-quarter result this time last week. The...
ナラティブの更新 • Nov 04

XP: Stable Earnings Outlook Will Support Long-Term Resilience Into 2026

Analysts have raised their price target for XP Inc. from $22.92 to $23.20.
ナラティブの更新 • Oct 16

Brazil's Evolving Landscape Will Unlock Broad Market Opportunities

XP's analyst price target has been modestly lifted from $22.92 to $23.50, as analysts incorporate revised growth estimates and extend valuation timeframes. This change comes despite mixed expectations for near-term performance.
ナラティブの更新 • Sep 18

Brazil's Evolving Landscape Will Unlock Broad Market Opportunities

XP's valuation outlook has shifted as its future P/E multiple dropped sharply and revenue growth forecasts softened, yet the analyst price target was essentially unchanged at $23.50. What's in the News Board meeting held to consider and approve unaudited interim condensed consolidated financial statements as of June 30, 2025.
ナラティブの更新 • Aug 27

Brazil's Evolving Landscape Will Unlock Broad Market Opportunities

Analysts have modestly raised XP's price target to $22.84 as bullish sentiment around improved fundamentals offsets bearish concerns over limited upside and competitive challenges. Analyst Commentary Bearish analysts cite concerns over limited upside to justify a downgrade and reduced price target.
Seeking Alpha • Mar 05

XP Inc. Q4: Results Are Surprising, But That's Why It's Not Time To Buy (Rating Upgrade)

Summary I am upgrading XP Inc. stock from a sell to a hold recommendation due to improved results and attractive valuation despite a challenging macroeconomic scenario. XP's net revenue grew 11% y/y, driven by a 43% increase in fixed income transactions, showcasing operational resilience and efficiency. The company achieved excellent operational leverage, with gross and EBT margins increasing significantly, and an efficiency ratio reaching the best in its history. Despite a 20% upside potential, high competition and Brazil's high interest rates prevent a buy recommendation. Thus, I maintain a hold rating with a target of $17.7. Read the full article on Seeking Alpha
Seeking Alpha • Feb 19

XP: Like A Bank But Conserves Optionality To Equities, It Is An Opportunity

Summary XP Inc.'s Q4 2024 earnings show growth aligned with Brazil's financial market, driven by banking activities rather than equity trading due to high interest rates. XP trades at a P/E of 10x, higher than peers like Santander and Bradesco, but is well-positioned for a potential recovery in Brazilian equities. XP's strategy focuses on personalized advisory services, adding more advisors and segmenting clients to differentiate from traditional banks. Despite mixed results and competition, XP is a Buy due to its potential for margin expansion and growth if Brazilian interest rates decline. Read the full article on Seeking Alpha
Seeking Alpha • Jan 25

XP: Weathering The Storm In Brazil's Financial Turmoil

Summary Brazil's macroeconomic scenario in 2024 deteriorated, with rising inflation and interest rates, adversely impacting Brazilian stocks, including XP Inc. XP Inc.'s performance is highly sensitive to interest rate cycles, experiencing significant declines as rates increased, affecting its ability to attract new investments. Despite macroeconomic challenges, XP Inc. achieved record net income and improved efficiency metrics, demonstrating operational resilience. The company's total client assets grew 12% year-over-year, indicating existing clients' continued trust, though net inflows dropped significantly. Read the full article on Seeking Alpha
Seeking Alpha • Nov 27

XP Inc. Q3: Modest And Without Triggers For Abrupt Improvement

Summary Recommend selling XP Inc. shares due to modest growth and lack of short-term improvement triggers amid rising interest rates in Brazil. 3Q24 results showed revenue below forecast and weak institutional segment performance, despite a slight increase in net revenues. XP Inc's gross margin and operating expenses worsened, though lower income tax rates benefited net income and dividend announcements. Valuation appears attractive, but no clear triggers for multiple expansions. Target price of $14.8 per share supports sell recommendation. Read the full article on Seeking Alpha
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新しいナラティブ • Nov 20

Enhancing Tech-Enabled Platforms And Services Will Drive Revenue Growth And Deepen Client Relationships

XP's tech-enabled platform and transition to service provision are set to increase revenue and enhance net margins by attracting and retaining clients.
Seeking Alpha • Sep 06

XP Q2 Earnings: On Track To Meet Its 2026 Financial Targets

Summary Q2 results demonstrated a solid performance in both growth and profitability. The company remains on track to meet its 2026 financial targets in terms of revenue and margins. I remain confident in XP's business despite competitive threats and an uncertain macro environment. I rate shares a Buy with a price target of $30 by 2026. Read the full article on Seeking Alpha
Seeking Alpha • Jun 21

XP Inc.: Lots Of Competition And Little Potential For Appreciation

Summary XP sees competition advancing in all its businesses, and this is impacting its results. Despite presenting good financial indicators, competitors are also extremely efficient. Through a comparative analysis using the P/E multiple, the company has a downside of 15%. Read the full article on Seeking Alpha
Seeking Alpha • May 25

XP Inc: The Post-Earnings Sell-Off Is A Buying Opportunity

Summary XP’s share price is down nearly 15% since its Q1 earnings release, and down 30% since the beginning of this year. Falling interest rates in Brazil will be a tailwind for revenue growth in upcoming quarters. Shares are attractively valued, and management is returning capital to shareholders through share repurchases and dividends. Read the full article on Seeking Alpha

業績と収益の成長予測

NasdaqGS:XP - アナリストの将来予測と過去の財務データ ( )BRL Millions
日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数
12/31/202826,2287,22610,6568,2498
12/31/202723,4456,51112,1467,12010
12/31/202620,5265,64013,1136,0058
3/31/202618,1775,24418,71919,368N/A
12/31/202517,7735,17011,55512,045N/A
9/30/202517,2105,05417,82818,249N/A
6/30/202516,8114,92110,25010,632N/A
3/31/202516,5474,71911,54011,891N/A
12/31/202416,2514,51310,85311,179N/A
9/30/202415,8864,37511,29711,488N/A
6/30/202415,7624,2765,3095,580N/A
3/31/202415,1434,1341,1201,353N/A
12/31/202314,2433,8997,9318,127N/A
9/30/202313,3913,6395,1875,514N/A
6/30/202312,8873,5846,3936,534N/A
3/31/202312,8433,5204,0054,129N/A
12/31/202212,9453,5791,6771,804N/A
9/30/202213,1203,7861,1931,281N/A
6/30/202212,7503,690-2,676-2,533N/A
3/31/202212,3963,710-3,506-3,278N/A
12/31/202111,9413,589-4,373-4,020N/A
9/30/202111,1283,201-4,796-4,309N/A
6/30/202110,0952,806-342119N/A
3/31/20219,0022,4131,6222,011N/A
12/31/20208,0992,0761,2191,511N/A
9/30/20207,3801,864-3,223-3,026N/A
6/30/20206,6221,581-3,418-3,230N/A
3/31/20205,8411,268-4,062-3,879N/A
12/31/20195,0431,080N/A-3,814N/A
9/30/20194,246803N/A-522N/A
12/31/20182,886461N/A-457N/A
12/31/20171,846414N/A262N/A
12/31/20161,252189N/A5N/A
12/31/201566176N/A191N/A

アナリストによる今後の成長予測

収入対貯蓄率: XPの予測収益成長率 (年間11.8% ) は 貯蓄率 ( 3.5% ) を上回っています。

収益対市場: XPの収益 ( 11.8% ) US市場 ( 16.8% ) よりも低い成長が予測されています。

高成長収益: XPの収益は増加すると予測されていますが、大幅には増加しません。

収益対市場: XPの収益 ( 12% ) US市場 ( 11.7% ) よりも速いペースで成長すると予測されています。

高い収益成長: XPの収益 ( 12% ) 20%よりも低い成長が予測されています。

一株当たり利益成長率予想

将来の株主資本利益率

将来のROE: XPの 自己資本利益率 は、3年後には高くなると予測されています ( 23.5 %)

成長企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/22 19:24
終値2026/05/22 00:00
収益2026/03/31
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

XP Inc. 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。15

アナリスト機関
Mario Lucio PierryBofA Global Research
Marcelo MizrahiBradesco S.A. Corretora de Títulos e Valores Mobiliários
Eric ItoBradesco S.A. Corretora de Títulos e Valores Mobiliários