XP Past Earnings Performance
Past criteria checks 3/6
XP has been growing earnings at an average annual rate of 25%, while the Capital Markets industry saw earnings growing at 11.7% annually. Revenues have been growing at an average rate of 12.5% per year. XP's return on equity is 20.2%, and it has net margins of 27.3%.
Key information
25.0%
Earnings growth rate
24.8%
EPS growth rate
| Capital Markets Industry Growth | 14.7% |
| Revenue growth rate | 12.5% |
| Return on equity | 20.2% |
| Net Margin | 27.3% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How XP makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 15,143 | 4,134 | 6,315 | 0 |
| 31 Dec 23 | 14,243 | 3,899 | 5,926 | 0 |
| 30 Sep 23 | 13,391 | 3,639 | 5,643 | 0 |
| 30 Jun 23 | 12,887 | 3,584 | 5,499 | 0 |
| 31 Mar 23 | 12,843 | 3,520 | 5,633 | 0 |
| 31 Dec 22 | 12,945 | 3,579 | 5,803 | 0 |
| 30 Sep 22 | 13,120 | 3,786 | 5,780 | 0 |
| 30 Jun 22 | 12,750 | 3,690 | 5,556 | 0 |
| 31 Mar 22 | 12,396 | 3,710 | 5,284 | 0 |
| 31 Dec 21 | 11,941 | 3,589 | 4,959 | 0 |
| 30 Sep 21 | 11,128 | 3,201 | 4,524 | 0 |
| 30 Jun 21 | 10,095 | 2,806 | 4,051 | 0 |
| 31 Mar 21 | 9,002 | 2,413 | 3,541 | 0 |
| 31 Dec 20 | 8,099 | 2,076 | 3,160 | 0 |
| 30 Sep 20 | 7,380 | 1,864 | 2,853 | 0 |
| 30 Jun 20 | 6,622 | 1,581 | 2,506 | 0 |
| 31 Mar 20 | 5,841 | 1,268 | 2,181 | 0 |
| 31 Dec 19 | 5,043 | 1,080 | 2,016 | 0 |
| 30 Sep 19 | 4,246 | 803 | 1,719 | 0 |
| 31 Dec 18 | 2,886 | 461 | 1,237 | 0 |
| 31 Dec 17 | 1,846 | 414 | 661 | 0 |
| 31 Dec 16 | 1,252 | 189 | 495 | 0 |
| 31 Dec 15 | 661 | 76 | 19 | 0 |
| 31 Dec 14 | 419 | 24 | 16 | 0 |
| 31 Dec 13 | 32 | 32 | 0 | 0 |
Quality Earnings: XP has high quality earnings.
Growing Profit Margin: XP's current net profit margins (27.3%) are lower than last year (27.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: XP's earnings have grown significantly by 25% per year over the past 5 years.
Accelerating Growth: XP's earnings growth over the past year (17.4%) is below its 5-year average (25% per year).
Earnings vs Industry: XP earnings growth over the past year (17.4%) exceeded the Capital Markets industry 1.1%.
Return on Equity
High ROE: Whilst XP's Return on Equity (20.24%) is high, this metric is skewed due to their high level of debt.