XP Reports Q2 2026 Earnings with Revenue Growth and Strong Client Inflows
XP, Brazil's largest digital financial services company, reported strong second-quarter results for 2026. Total revenue reached BRL 5.06 billion ($944 million), up 8% year-over-year (YoY) driven by retail expansion in equities and funds despite market volatility. Adjusted net income rose to BRL 1.4 billion, a 5% increase YoY as operating leverage offset higher tax rates. Client assets grew significantly to BRL 2.2 trillion, up 17% YoY due to increased inflows from retail and corporate clients. The company also reported strong performance in its wholesale bank revenue segment with an impressive 32% growth YoY led by a 117% increase in the corporate segment. XP's ROE improved sequentially to 22.5%, reflecting better asset management, while it maintained disciplined expense control and executed share buybacks totaling BRL 1 billion as of June.
Tickers: $XP
Topics: client assets equities net income revenue