Recent Updates — XP

Martin Emiliano Escobari Lifchitz resigned from XP Inc.'s Board of Directors effective October 16, 2026, citing voluntary departure without disagreement on company operations or policies. The Board simultaneously appointed Rodrigo Kede Lima as an interim director until the 2027 annual general meeting. Lima, currently President of Microsoft Frontier Company and former President of Microsoft Latin America, brings extensive executive experience from Microsoft, IBM, and TOTVS. XP Inc. operates in the financial services sector, providing digital investment and banking platforms.

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.