NasdaqGS:XPCapital Markets
Is XP (XP) Using Its Shelf Offering to Redefine Growth and Capital Allocation Strategy?
In February 2026, XP Inc. filed a US$215.58 million shelf registration for 9,393,589 Class A shares after reporting fourth-quarter 2025 revenue of BRL 4,938 million and net income of BRL 1,282 million, both higher than a year earlier.
The combination of year-on-year growth in revenue, earnings per share and client assets, alongside completion of a recent share buyback, underlines XP’s emphasis on scaling its platform while actively managing its capital structure.
We’ll now examine how XP’s...