Duyuru • May 20
XP Inc. Announces CFO Changes XP Inc. announced, in a planned and mutually agreed succession, a transition in its Chief Financial Officer role as part of the Company’s continued evolution and next phase of growth. Mr. Gustavo Alejo Viviani has been appointed by the Board of Directors of the Company (the “Board”) to serve as the Company’s new Chief Financial Officer, effective August 3, 2026. The Company believes that Mr. Alejo brings the expertise, skillset and experience needed to support XP in its continued growth and the execution of its long-term strategy. Mr. Alejo began his career in January 1996 at Citibank Brasil. In January 2000, he joined Santander Brasil, where over 26 years he held various leadership positions in Wholesale and Retail Banking. In the Wholesale segment, he served as Managing Director of Corporate and Investment Banking and was responsible for the Wholesale Credit Recovery area. In the Retail segment, he was the Director responsible for Credit Collections and Recovery, and Consumer Lending, also accumulating the role of Retail CFO. In the last 3 years he held the positions of Chief Financial Officer, Investor Relations Officer, and Executive Vice-President responsible for the Consumer Finance Business, in addition to having served as a member of the Board of Directors of Zurich Santander Brasil. He is a CFA Charterholder, holds a degree in Economics and extension programs in Business Administration at the University of California-Berkeley, Advanced Corporate Finance at the London Business School, and Leadership at The University of Chicago Booth School of Business. The Company also announced that, as part of the planned transition process, Mr. Victor Andreu Mansur Farinassi will step down from his position as Chief Financial Officer effective May 31, 2026. The Board has appointed XP’ Chief Executive Officer, Thiago Maffra to serve as interim Chief Financial Officer, effective upon Mr. Mansur’s departure. Mr. Maffra will oversee the Company's financial operations until Mr. Alejo takes office and will assist with the transition to the incoming CFO, ensuring continuity across XP´s finance function. André Parize will continue in his role as Investor Relations Officer of the Company, ensuring full continuity in XP’s engagement with the investment community. Reported Earnings • May 20
First quarter 2026 earnings released: EPS: R$2.53 (vs R$2.31 in 1Q 2025) First quarter 2026 results: EPS: R$2.53 (up from R$2.31 in 1Q 2025). Revenue: R$4.57b (up 9.7% from 1Q 2025). Net income: R$1.31b (up 6.0% from 1Q 2025). Profit margin: 29% (in line with 1Q 2025). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • May 19
XP Inc. (NasdaqGS:XP) announces an Equity Buyback for BRL 1,000 million worth of its shares. XP Inc. (NasdaqGS:XP) announces a share repurchase program. Under the program, the company will repurchase up to BRL 1,000 million worth of its Class A common stock. The company expects to utilize its existing cash to fund repurchases made under the repurchase program. The program will expire on May 20, 2027. Duyuru • Feb 03
XP Inc. to Report Q4, 2025 Results on Feb 12, 2026 XP Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 12, 2026 Duyuru • Aug 01
XP Inc. to Report Q2, 2025 Results on Aug 18, 2025 XP Inc. announced that they will report Q2, 2025 results After-Market on Aug 18, 2025 Duyuru • May 21
XP Inc. (NasdaqGS:XP) announces an Equity Buyback for BRL 1,000 million worth of its shares. XP Inc. (NasdaqGS:XP) announces a share repurchase program. Under the program, the company will repurchase up to BRL 1,000 million worth of its Class A common stock. The company expects to utilize its existing cash to fund repurchases made under the repurchase program. The program will expire on December 31, 2026. Duyuru • May 09
XP Inc., Annual General Meeting, May 30, 2025 XP Inc., Annual General Meeting, May 30, 2025. Location: av. chedid jafet, 75, torre sul, 30th floor, vila olimpia, sp 04551 065., sao paulo Brazil Duyuru • May 07
XP Inc. to Report Q1, 2025 Results on May 20, 2025 XP Inc. announced that they will report Q1, 2025 results After-Market on May 20, 2025 Duyuru • Jan 27
XP Inc. to Report Q4, 2024 Results on Feb 18, 2025 XP Inc. announced that they will report Q4, 2024 results on Feb 18, 2025 Duyuru • Oct 18
XP Inc. to Report Q3, 2024 Results on Nov 19, 2024 XP Inc. announced that they will report Q3, 2024 results After-Market on Nov 19, 2024 Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: R$2.04 (vs R$1.85 in 2Q 2023) Second quarter 2024 results: EPS: R$2.04 (up from R$1.85 in 2Q 2023). Revenue: R$4.02b (up 18% from 2Q 2023). Net income: R$1.12b (up 15% from 2Q 2023). Profit margin: 28% (in line with 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Duyuru • Jul 16
XP Inc. to Report Q2, 2024 Results on Aug 13, 2024 XP Inc. announced that they will report Q2, 2024 results After-Market on Aug 13, 2024 Duyuru • May 26
XP Inc. (NasdaqGS:XP) announces an Equity Buyback for BRL 1,000 million worth of its shares. XP Inc. (NasdaqGS:XP) announces a share repurchase program. Under the program, the company will repurchase up to BRL 1,000 million worth of its Class A common stock. The company expects to utilize its existing cash to fund repurchases made under the repurchase program. The program will expire on December 31, 2024. New Risk • May 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (353% cash payout ratio). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Buy Or Sell Opportunity • May 22
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to €17.00. The fair value is estimated to be €23.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. New Risk • May 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Duyuru • May 05
XP Inc. to Report Q1, 2024 Results on May 21, 2024 XP Inc. announced that they will report Q1, 2024 results After-Market on May 21, 2024 Duyuru • Apr 28
XP Inc. Announces Chief Financial Officer Changes XP Inc. announced that Victor Mansur has been appointed chief financial officer effective August 1, 2024, succeeding Bruno Constantino. Mr. Constantino will work closely with Mr. Mansur to ensure a smooth transition. Mr. Constantino will also continue to support XP in an advisory role for a 12-month period after the transition and will remain a member of XP’s Board of Directors. Mr. Mansur currently serves as XP’s Deputy Chief Financial Officer and has held a variety of senior roles at XP since joining the company in 2012. He has been a member of XP’s Finance team reporting directly to Mr. Constantino since 2022 after having previously served as Executive Director; Head of Treasury; and Head of Structuring, Trading, and Sales. Before coming to XP, he was at two separate broker-dealer firms. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: R$7.11 (vs R$6.44 in FY 2022) Full year 2023 results: EPS: R$7.11 (up from R$6.44 in FY 2022). Revenue: R$14.2b (up 10.0% from FY 2022). Net income: R$3.90b (up 8.9% from FY 2022). Profit margin: 27% (in line with FY 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 29
Now 21% undervalued Over the last 90 days, the stock has risen 1.9% to €21.60. The fair value is estimated to be €27.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Duyuru • Feb 17
XP Inc. to Report Q4, 2023 Results on Feb 27, 2024 XP Inc. announced that they will report Q4, 2023 results After-Market on Feb 27, 2024 Upcoming Dividend • Dec 05
Upcoming dividend of US$0.73 per share at 6.3% yield Eligible shareholders must have bought the stock before 12 December 2023. Payment date: 22 December 2023. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 6.3%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.9%). Duyuru • Nov 24
XP Inc. Appoints Andr Parize as New Head of Investor Relations XP Inc. announced the appointment of Andr Parize to lead its Investor Relations team. Parize joins the company's IR team in S o Paulo and will report to Bruno Constantino, Chief Financial Officer of XP Inc. Andr Parize brings over twenty years of experience across various industries. He has served as the CFO of Getnet Brasil for over two years, playing a pivotal role in the company's initial public offering (IPO) by managing financial planning with a focus on growth, cost control, and profitability. Parize also held the position of Head of Investor Relations at Banco Santander Brasil for five years, leading an team. He has spent eight years in roles such as Head of Research at Votorantim Corretora and Private Equity at Banco Votorantim. Duyuru • Nov 16
XP Inc. Approves Cash Dividend, Payable on December 22, 2023 XP Inc. announced that its Board of Directors has approved payment of a cash dividend of USD 0.73 per common share. The dividend will be payable on December 22, 2023, to shareholders of record as of December 13, 2023. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: R$1.99 (vs R$1.86 in 3Q 2022) Third quarter 2023 results: EPS: R$1.99 (up from R$1.86 in 3Q 2022). Revenue: R$4.00b (up 14% from 3Q 2022). Net income: R$1.09b (up 5.4% from 3Q 2022). Profit margin: 27% (down from 30% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Duyuru • Oct 18
XP Inc. to Report Q3, 2023 Results on Nov 13, 2023 XP Inc. announced that they will report Q3, 2023 results After-Market on Nov 13, 2023 Duyuru • Sep 23
XP Inc., Annual General Meeting, Oct 06, 2023 XP Inc., Annual General Meeting, Oct 06, 2023, at 13:00 Coordinated Universal Time. Location: Av. Chedid Jafet, 75, Torre Sul, 30th Floor Vila Olímpia, São Paulo SP 04551-065 São Paulo São Paulo Brazil Agenda: To consider resolve, as an ordinary resolution, the Company’s financial statements and the auditor’s report for the fiscal year ended December 31, 2022 in the form presented at the AGM, be approved and ratified; to consider resolve, as an ordinary resolution, that Frederico Seabra de Carvalho be appointed as an independent director of the Company to serve in accordance with the memorandum and articles of association of the Company; to consider resolve, that each of Guilherme Dias Fernandes Benchimol, Bruno Constantino Alexandre dos Santos, Bernardo Amaral Botelho, Fabrício Cunha de Almeida, Martin Emiliano Escobari Lifchitz, Gabriel Klas da Rocha Leal, Luiz Felipe Amaral Calabró and Cristiana Pereira be re-appointed as directors; and to consider resolve, as a special resolution, that the Second Amended and Restated Memorandum and Articles of Association of the Company. Duyuru • Sep 03
XP Inc. Approves Cash Dividend, Payable on September 25, 2023 XP Inc. announced that its Board of Directors has approved payment of a cash dividend. The dividend will be payable on September 25, 2023, to shareholders of record as of September 12, 2023. The total dividend paid will be USD 320,000,000 or USD 0.58 per common share. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €25.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Capital Markets industry in Germany. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €24.60 per share. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: R$1.74 (vs R$1.63 in 2Q 2022) Second quarter 2023 results: EPS: R$1.74 (up from R$1.63 in 2Q 2022). Revenue: R$3.40b (up 1.3% from 2Q 2022). Net income: R$977.0m (up 7.2% from 2Q 2022). Profit margin: 29% (up from 27% in 2Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €23.40, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Capital Markets industry in Germany. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.20 per share. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €13.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Capital Markets industry in Germany. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €22.78 per share. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €11.70, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Capital Markets industry in Germany. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.00 per share. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €9.97, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Capital Markets industry in Germany. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.02 per share. Duyuru • Feb 18
XP Inc. Provides Earnings Guidance for the Full Year 2023 XP Inc. provided earnings guidance for the full year 2023. For the year, the company estimates Net Income between BRL 3.8 billion and BRL 4.4 billion in 2023. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: R$6.44 (vs R$6.42 in FY 2021) Full year 2022 results: EPS: R$6.44. Revenue: R$12.9b (up 8.4% from FY 2021). Net income: R$3.58b (flat on FY 2021). Profit margin: 28% (down from 30% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Capital Markets industry in Germany. Duyuru • Jan 31
XP Inc. to Report Q4, 2022 Results on Feb 16, 2023 XP Inc. announced that they will report Q4, 2022 results After-Market on Feb 16, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Board Member Cristiana Pereira was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: R$3.49b (up 12% from 3Q 2021). Net income: R$1.03b (up 10% from 3Q 2021). Profit margin: 30% (in line with 3Q 2021). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Capital Markets industry in Germany. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 17% share price gain to €19.56, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Capital Markets industry in Germany. Total loss to shareholders of 32% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €14.65 per share. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €17.96, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Capital Markets industry in Germany. Total loss to shareholders of 44% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €16.07 per share. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 15% share price gain to €20.67, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Capital Markets industry in Germany. Total loss to shareholders of 46% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €17.96 per share. Reported Earnings • Aug 11
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: R$3.35b (up 12% from 2Q 2021). Net income: R$913.0m (down 1.9% from 2Q 2021). Profit margin: 27% (down from 31% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 25% compared to a 7.8% decline forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 17% share price gain to €21.28, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 8x in the Capital Markets industry in Germany. Total loss to shareholders of 40% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €18.63 per share. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €18.09, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Capital Markets industry in Germany. Total loss to shareholders of 50% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €17.43 per share. Reported Earnings • May 06
First quarter 2022 earnings released First quarter 2022 results: Revenue: R$3.07b (up 17% from 1Q 2021). Net income: R$854.0m (up 16% from 1Q 2021). Profit margin: 28% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 31% compared to a 7.6% decline forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent There are 11 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 11 new directors. No experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Founder & Executive Chairman Guilherme Dias Benchimol is the most experienced director on the board, commencing their role in 2019. Independent Director Luciana Dias was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 10
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: R$6.43 (up from R$3.76 in FY 2020). Revenue: R$11.9b (up 47% from FY 2020). Net income: R$3.59b (up 73% from FY 2020). Profit margin: 30% (up from 26% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 33% compared to a 4.9% decline forecast for the industry in Germany. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS R$1.67 (vs R$0.98 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: R$3.17b (up 51% from 3Q 2020). Net income: R$936.0m (up 73% from 3Q 2020). Profit margin: 30% (up from 26% in 3Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €29.76, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Capital Markets industry in Germany. Total loss to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €18.01 per share. Duyuru • Aug 09
XP Inc. completed the acquisition of an unknown minority stake in Capitânia Investimentos. XP Inc. (NasdaqGS:XP) agreed to acquire an unknown minority stake in Capitânia Investimentos on June 11, 2021. Under the transaction, Capitânia Investimentos' independence and corporate governance will remain unchanged and will maintain a team of 30 people. In addition to Ricardo Quintero, partner at Capitânia, Arturo Profili and Caio Conca are co-managers and Carlos Simonetti and Flávia Krauspenhar are responsible for Investor Relations, Products and Marketing. The completion of the transaction is subject to compliance with certain precedent conditions.
XP Inc. completed the acquisition of an unknown minority stake in Capitânia Investimentos on August 7, 2021. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS R$1.67 (vs R$0.98 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: R$3.02b (up 57% from 2Q 2020). Net income: R$931.0m (up 73% from 2Q 2020). Profit margin: 31% (up from 28% in 2Q 2020). The increase in margin was driven by higher revenue. Duyuru • Jun 12
XP Inc. (NasdaqGS:XP) agreed to acquire an unknown minority stake in Capitânia Investimentos. XP Inc. (NasdaqGS:XP) agreed to acquire an unknown minority stake in Capitânia Investimentos on June 11, 2021. Under the transaction, Capitânia Investimentos' independence and corporate governance will remain unchanged and will maintain a team of 30 people. In addition to Ricardo Quintero, partner at Capitânia, Arturo Profili and Caio Conca are co-managers and Carlos Simonetti and Flávia Krauspenhar are responsible for Investor Relations, Products and Marketing. The completion of the transaction is subject to compliance with certain precedent conditions. Duyuru • Jun 05
XP Inc. (NasdaqGS:XP) signed an agreement to acquire a minority stake in Giant Steps. XP Inc. (NasdaqGS:XP) signed an agreement to acquire a minority stake in Giant Steps on June 4, 2021. The completion of the transaction is subject to compliance with certain precedent conditions. Duyuru • May 08
XP Reportedly Approached Credit Suisse About Buying Its Brazil Subsidiary XP Inc. (NasdaqGS:XP) has approached Credit Suisse Group AG (SWX:CSGN) in Switzerland expressing its interest in acquiring the bank's subsidiary in Brazil, financial blog Brazil Journal reported on May 7, 2021, citing people with knowledge of the matter. The blog said talks are preliminary and that Credit Suisse executives in Switzerland have told CS executives in Brazil about the approach. The blog added "chances of closing the deal are still small". XP and Credit Suisse did not immediately respond to Reuters requests for comment. Reported Earnings • May 08
First quarter 2021 earnings released: EPS R$1.31 (vs R$0.72 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: R$2.63b (up 52% from 1Q 2020). Net income: R$734.0m (up 85% from 1Q 2020). Profit margin: 28% (up from 23% in 1Q 2020). The increase in margin was driven by higher revenue. Duyuru • Mar 17
XP Inc. Promotes Thiago Maffra to CEO XP Inc. announced that its chief technology officer Thiago Maffra, who led its digital transformation, is being promoted to chief executive officer (CEO) to manage the company. Maffra joined the company in 2015 and has led the strategy and development of its technology-driven financial services platform and digital transformation over the past three years. Duyuru • Mar 14
XP Inc. Announces Guilherme Benchimol Will Take on the New Role of Executive Chairman, Effective May 12, 2021 XP Inc. announced that Guilherme Benchimol will take on the new role of Executive Chairman to focus his attention on developing new growth and expansion initiatives, starting on May 12th. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS R$3.76 (vs R$2.11 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: R$8.15b (up 59% from FY 2019). Net income: R$2.08b (up 92% from FY 2019). Profit margin: 26% (up from 21% in FY 2019). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue misses expectations Revenue missed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 35%, compared to a 8.5% growth forecast for the Capital Markets industry in Germany. Duyuru • Feb 06
XP Inc. to Report Q4, 2020 Results on Feb 23, 2021 XP Inc. announced that they will report Q4, 2020 results After-Market on Feb 23, 2021 Is New 90 Day High Low • Jan 27
New 90-day high: €37.00 The company is up 6.0% from its price of €35.00 on 29 October 2020. The German market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.74 per share. Duyuru • Dec 25
XP Inc. (NasdaqGS:XP) acquired Riza M&A. XP Inc. (NasdaqGS:XP) acquired Riza M&A on December 24, 2020. Marco Gonçalves, Chief Executive Officer of Riza M&A and André Quaresma, will join M&A team of XP Inc. Marco Gonçalves will be heading M&A team of XP Inc.
XP Inc. (NasdaqGS:XP) completed the acquisition of Riza M&A on December 24, 2020. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 16% share price gain to R$33.40, the stock is trading at a trailing P/E ratio of 60.6x, up from the previous P/E ratio of 52.2x. This compares to an average P/E of 15x in the Capital Markets industry in Germany. Total return to shareholders over the past year is a loss of 6.0%. Duyuru • Dec 05
XP Inc. has completed a Follow-on Equity Offering in the amount of $1.234541 billion. XP Inc. has completed a Follow-on Equity Offering in the amount of $1.234541 billion.
Security Name: Class A Common Shares
Security Type: Common Stock
Securities Offered: 31,654,894
Price\Range: $39
Discount Per Security: $0.85 Is New 90 Day High Low • Dec 04
New 90-day low: €31.80 The company is down 16% from its price of €38.00 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.90 per share. Duyuru • Nov 10
XP Inc. (NasdaqGS:XP) agreed to acquire 49.9% stake in VPL Gestão Patrimonial e Participações S.A. XP Inc. (NasdaqGS:XP) agreed to acquire 49.9% stake in VPL Gestão Patrimonial e Participações S.A. for on September 8, 2020. The Contractual contingent considerations mostly associated to the investment acquisition of VPL Gestão Patrimonial e Participações S.A. The maturity of the total contingent consideration payment is up to 6 years and the contractual maximum amount payable is BRL 0.65. Is New 90 Day High Low • Oct 31
New 90-day low: €33.60 The company is down 14% from its price of €39.00 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.55 per share. Duyuru • Oct 29
XP Inc. to Report Q3, 2020 Results on Nov 09, 2020 XP Inc. announced that they will report Q3, 2020 results at 5:00 PM, E. South America Standard Time on Nov 09, 2020 Duyuru • Sep 26
A fund managed by XP Inc. (NasdaqGS:XP) acquired a majority stake in Botoclinic from couple Rafael Estevez and Cristina Bohre for BRL 100 million. A private equity fund managed by XP Inc. (NasdaqGS:XP) acquired a majority stake in Botoclinic from couple Rafael Estevez and Cristina Bohre for BRL 100 million on August 7, 2020. Rafael Estevez and Cristina Bohre, will continue as minority and executive shareholders. Botoclinic earned about BRL 110 million last year.
A private equity fund managed by XP Inc. (NasdaqGS:XP) completed the acquisition of a majority stake in Botoclinic from couple Rafael Estevez and Cristina Bohre on August 7, 2020. Is New 90 Day High Low • Sep 22
New 90-day low: €35.40 The company is down 11% from its price of €39.60 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.84 per share. Duyuru • Aug 19
XP Inc. (NasdaqGS:XP) agreed to acquire a minority stake in Blue Macaw. XP Inc. (NasdaqGS:XP) agreed to acquire a minority stake in Blue Macaw on August 18, 2020. Duyuru • Aug 13
XP Inc. (NasdaqGS:XP) completed the acquisition of a majority stake in Carteira Online Controle de Investimentos, Ltda (Fliper). XP Inc. (NasdaqGS:XP) entered into an agreement to acquire a majority stake in Carteira Online Controle de Investimentos, Ltda (Fliper) on June 5, 2020. Fliper’s founders, Felipe Bonani, Renan Georges and Walter Poladian, remain stakeholders in the company and maintain full independence to manage the business with the support of XP Inc.’s structure. The completion of the transaction is subject to approval by the Brazilian Central Bank.
XP Inc. (NasdaqGS:XP) completed the acquisition of a majority stake in Carteira Online Controle de Investimentos, Ltda (Fliper) on July 13, 2020. The acquisition was consummated, through approval of Central Bank (BACEN). Duyuru • Jul 31
XP Inc. to Report Q2, 2020 Results on Aug 11, 2020 XP Inc. announced that they will report Q2, 2020 results at 5:00 PM, E. South America Standard Time on Aug 11, 2020 Duyuru • Jul 02
XP Inc. (NasdaqGS:XP) agreed to acquire a majority stake in Antecipa. XP Inc. (NasdaqGS:XP) agreed to acquire a majority stake in Antecipa on June 30, 2020. Antecipa's founders will maintain independence in managing the business, and leverage XP’s structure, financial strength and, mainly, XP Inc`s customer base to accelerate growth across the platform. The completion of the transaction is subject to compliance with certain condition precedents, including prior authorization from the Central Bank of Brazil, under the terms of the applicable regulations.