XP Inc. Reports 1Q26 Earnings with 7% Net Income Growth and R$1 Billion Share Buyback
XP is trading near its 52-week low of $15.609 (5.1% above the low).
Summary
XP Inc. announced its first-quarter 2026 financial results, showing growth in net income and EPS, alongside a new R$1.0 billion share buyback and a R$500 million dividend, though net client inflows declined significantly.
Key Events · Earnings and Guidance · XP
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1Q26 Adjusted Net Income Growth
Adjusted Net Income increased by 7% year-over-year to R$1,318 million in 1Q26.
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Adjusted Diluted EPS Rise
Adjusted Diluted EPS grew by 9% year-over-year to R$2.49 for the first quarter.
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New R$1.0 Billion Share Buyback Program
The company authorized a new share repurchase program of R$1.0 billion, following R$200 million in repurchases executed in 1Q26. This capital distribution was also announced in a concurrent 6-K filing.
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Cash Dividend Declared
A cash dividend of R$500 million was declared, payable on June 18, 2026. This dividend was also announced in a concurrent 6-K filing.
Analysis · XP · Crypto Assets
XP Inc. reported a 7% year-over-year increase in adjusted net income and a 9% rise in adjusted diluted EPS for the first quarter of 2026. Gross revenue also grew by 8% year-over-year. Concurrently, the company announced a new R$1.0 billion share repurchase program and declared a R$500 million cash dividend. However, total net inflow saw a significant 39% year-over-year decrease, indicating a slowdown in new client money acquisition despite overall growth in client assets.
At the time of this filing, XP was trading at $16.40 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $9B. The 52-week trading range was $15.61 to $23.13. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.