XP Q2 Net Revenue Climbs 9% on Equities and Funds Strength
XP is trading near its 52-week low of $14.8 (5.1% above the low).
Summary
XP reported Q2 net revenue of BRL 4.88 billion, up 9% year-over-year, driven by double-digit growth in equities and funds platform and a 32% jump in wholesale banking revenue. Adjusted diluted EPS rose 9% to BRL 2.67. Fixed income mark-to-market losses partially offset retail gains. Management targets a BIS ratio of 16%-19% by year-end through capital distributions. This follows the chairman's control group reducing its stake in July and a significant shareholder registering $80 million in shares for sale, suggesting ongoing ownership shifts. The results confirm resilient growth in core businesses despite fixed income headwinds.
Updates
· SEC 6-K — XP's Q2 net income rose 5% YoY to R$1.384 billion; it executed R$1 billion in share repurchases in 1H26 and has another R$1 billion buyback program open.
At the time of this announcement, XP was trading at $15.56 on NASDAQ in the Finance sector, with a market capitalization of approximately $8.1B. The 52-week trading range was $14.80 to $23.13. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.