XP Inc. Surges Ahead with Record-Breaking Expert and Impressive Q2 2026 Results
The second quarter of 2026 has been a significant milestone for XP Inc., marked by a record-breaking EXPERT event and impressive financial results. During the company's recent earnings call, CEO Thiago Maffra highlighted key highlights from the quarter, including a 17% year-over-year growth in client assets combining AUM and AOA, reaching BRL 2.2 trillion.
The company also saw a 1% increase in active advisors to 184,000, while the active client base totaled 4.8 million, a 1% growth from the same period last year. Gross revenues amounted to BRL 5.1 billion this quarter, up 8% from the same period last year, and EBT advanced 15% to BRL 1.6 billion, while net income came to BRL 1.4 billion, rising 5% year over year.
Notably, XP Inc.'s profitability improved significantly during the quarter, with ROE increasing by 80 basis points sequentially to 22.5%. The company's capital ratio stood at a comfortable 20.3%, reflecting its ability to grow while maintaining disciplined capital and risk management. Additionally, EPS grew 9% year over year, stronger than net income growth, thanks to the company's capital management and payout strategy.
Despite navigating ongoing global geopolitical tensions and residual market volatility, XP Inc.'s core businesses continued to perform well with resilient underlying momentum. The company expects this pipeline to materialize into primary offerings over the coming quarters, depending on market dynamics.
Thiago Maffra emphasized that the next growth phase for XP Inc. is built on personalized service with a focus on financial, tax, and succession planning. The company's goal is simple: to be its clients' CFO, covering their full spectrum of financial service needs. This ambition will come hand in hand with increasing completeness in everything offered to clients.
XP Inc.'s investment platform continues to improve, and the company is enhancing the client experience through numerous initiatives. The combination of these efforts reinforces confidence in achieving the company's soft guidance of roughly BRL 20 billion in retail net new money per quarter on average.
The company's Net Promoter Score (NPS) ended the second quarter at 66 points, indicating a consistent recovery path from previous events that impacted results. With record-breaking EXPERT and impressive financial results, XP Inc. is well-positioned for continued growth and success in the future."
