XP Inc. Files Q2 2026 Financials: Net Income Up 5%, Cancels 11.8M Shares
XP is trading near its 52-week low of $14.8 (5.0% above the low).
Summary
XP Inc. reported Q2 2026 net income up 5% to R$1.38 billion, filed full financial statements, and announced cancellation of 11.8 million treasury shares, reducing share count by 2.3%.
Key Events · Earnings and Guidance · XP
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Q2 Net Income Rises 5%
Net income for Q2 2026 was R$1.38 billion, up from R$1.32 billion a year earlier. First-half net income reached R$2.70 billion, a 5% increase.
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11.8M Treasury Shares Cancelled
Board approved cancellation of 11,791,755 Class A shares (2.3% of total), reducing share count from 520,292,030 to 508,500,275, boosting EPS.
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Debt Prepayments Strengthen Balance Sheet
Fully prepaid 3.25% senior notes for R$2.29 billion on June 23, 2026, and prepaid R$805 million of Brazilian Central Bank borrowings on July 16, 2026.
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New R$1B Buyback Program Active
A new share buyback program approved May 15, 2026 allows repurchase of up to R$1.0 billion through May 20, 2027. Previous programs were completed.
Analysis · XP · Crypto Assets
XP Inc. filed its complete unaudited interim financial statements for Q2 2026, confirming net income of R$2.70 billion for the first half, up 5% year-over-year. The filing also reveals the Board approved cancellation of 11.8 million treasury shares, reducing the share count by 2.3% and boosting per-share metrics. Additionally, the company fully prepaid its 3.25% senior notes and a Brazilian Central Bank borrowing, strengthening the balance sheet. These actions follow a strong quarter with R$28 billion in net client inflows.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, XP was trading at $15.55 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $8.1B. The 52-week trading range was $14.80 to $23.13. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.