Recent Updates — XP
XP Inc. reported second quarter 2026 financial results, posting total gross revenue of R$5.1 billion, an 8% increase year-over-year and a 3% increase quarter-over-quarter. Net income reached R$1.4 billion, up 5% both year-over-year and sequentially, with adjusted diluted EPS of R$2.67, reflecting 9% YoY growth. Total client assets stabilized at R$1.5 trillion, while net inflows surged 188% to R$28 billion. Wholesale banking revenue grew 32% YoY to R$1.18 billion, driven by a 117% increase in corporate revenues. The company executed approximately R$1 billion in share repurchases during the first half of the year and maintains an open buyback program of R$1 billion. XP Inc. operates as a leading tech-enabled financial services platform in Brazil.