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  "organisationId": "O-4ebe3c1c64f0484fa0f3297c1ab29c99",
  "slug": "xp-inc",
  "name": "XP Inc.",
  "updatedAt": "2026-10-02T13:07:51.426769Z",
  "sections": [
    {
      "type": "OVERVIEW",
      "text": "XP Inc. is a Brazilian financial-services company whose core business is providing investment products and services through a platform that includes the XP, Clear, and Rico brands. Its offerings span brokerage and investment advice, wealth management and financial-product distribution, as well as institutional and corporate services. Brazil is its primary market; its reported office locations include São Paulo, Rio de Janeiro, Minas Gerais, Miami, and New York. [P156095552][P156097191]\n\nFounded in Porto Alegre in 2001, XP states that its purpose is “to improve people’s lives.” [https://www.xpinc.com/quem-somos/][https://investors.xpinc.com/en/] For the year ended December 31, 2025, the company reported total revenue and income of R$18.4 billion and 8,069 employees. [P148277909][T17999124]\n[P156095552][P156097191][P148277909][T17999124][https://www.xpinc.com/quem-somos/][https://investors.xpinc.com/en/]",
      "updatedAt": "2026-10-02T13:07:51.426769Z"
    },
    {
      "type": "PRODUCTS",
      "text": "XP Inc.’s platform offers brokerage in equities, ETFs/BDRs, futures and commodities; fixed-income products including bank deposits, corporate and sovereign bonds, and interest-rate swaps; and XP, third-party and international investment funds. Its structured investments include derivatives and COEs, which combine fixed- and variable-income exposure. Other offerings include real-estate funds and capital-markets solutions. [P148277395][T16998341]\n\nRetail products and services include retirement and life-insurance solutions, wealth management, and personal loans secured by customers’ invested assets. XP and Rico also offer a no-fee Visa Infinite card with Investback, which automatically invests at least 1% of each paid statement in a liquid fixed-income fund. [T16998341] For businesses, XP lists investments, foreign exchange and derivatives, banking and credit cards, acquiring and payments, and credit among its services. [P156503742]\n\nIn 2025, retail gross revenue was distributed across equities (28%), fixed income (26%), the funds platform (10%), new verticals (17%) and other retail (19%); these are retail mix figures, not percentages of companywide revenue. [T10055178] As of 2Q 2026, the credit portfolio totaled R$77.9 billion, including R$29.1 billion secured and R$48.8 billion unsecured. [T18061601]\n[P148277395][T16998341][P156503742][T10055178][T10055178][T10055178][T10055178][T10055178][T18061601][T18061601][T18061601]",
      "updatedAt": "2026-10-02T13:07:51.426769Z"
    },
    {
      "type": "GEOGRAPHY",
      "text": "XP Inc.’s operations and revenue are concentrated in Brazil, with additional activity in the United States and other international markets. In the six months ended June 30, 2026, Brazil generated R$9,087.1 million of net revenue, about 95.4% of the R$9,523.8 million total; “Other countries” contributed R$436.7 million, or about 4.6%. The filing does not break out that international revenue by country. [T18061455][P156501534]\n\nAt December 31, 2025, XP reported 8,069 employees, based in offices in São Paulo, Rio de Janeiro, New York City and Miami; it did not provide an employee count by location. [P148278252] Its 2025 filing lists the company’s principal executive office in Grand Cayman, Cayman Islands, separately from its São Paulo address. [https://www.sec.gov/Archives/edgar/data/1787425/000207097926000182/xp-20251231.htm]\n[T18061455][T18061455][T18061455][P156501534][P148278252][https://www.sec.gov/Archives/edgar/data/1787425/000207097926000182/xp-20251231.htm]",
      "updatedAt": "2026-10-02T13:07:51.426769Z"
    },
    {
      "type": "SEGMENTS",
      "text": "XP Inc. identifies Retail and Wholesale as business verticals, but reports the Group as one operating and reportable segment under IFRS; the verticals are revenue categories, not separate reportable operating segments. [P148279044][P148279049] In FY2025, Retail generated R$14,584 million, approximately 75.0% of gross revenue, and includes investment-related services alongside products such as retirement plans, cards and credit, insurance, and research. [T18061573][P148277895] Wholesale generated R$4,106 million, approximately 21.1% of gross revenue, and is broken down into Issuer Services, Corporate, and Institutional. [T18061573] XP describes Corporate and Issuer Services activities including debt and equity structuring, underwriting and placement, M&A advisory, structured finance, derivatives, credit, and treasury solutions. [P148277899] The separately reported Other category contributed R$756 million, approximately 3.9%; the cited disclosures do not specify its activities. [T18061573]\n[P148279044][P148279049][T18061573][P148277895][T18061573][P148277899][T18061573]",
      "updatedAt": "2026-10-02T13:07:51.426769Z"
    },
    {
      "type": "HISTORY",
      "text": "XP Inc. was founded in 2001 by Guilherme Benchimol and Marcelo Maisonnave. Its early milestones included the launch of XP Educação in 2006 and the introduction of zero-fee advisory in 2010. [P148277216][https://www.xpinc.com/quem-somos/]\n\nXP added the Clear brokerage in 2014 and announced its acquisition of Rico in 2016. In 2018, it launched EXPERT, an investment-services conference. Banco XP received authorization to operate as a multipurpose bank in 2019, and XP’s shares began trading on Nasdaq that December. [P148277411][https://exame.com/negocios/xp-investimentos-confirma-compra-da-clear-corretora/][https://exame.com/negocios/xp-confirma-aquisicao-de-100-da-corretora-rico/][P148277211][P148277479][https://www.nasdaq.com/press-release/xp-inc.-announces-closing-of-initial-public-offering-and-full-exercise-of-the]\n\nIn May 2021, Thiago Maffra became CEO, succeeding Benchimol, who had led the company since its founding. XP obtained control of Banco Modal in 2023; after the businesses were integrated, Brazil’s Central Bank approved Banco Modal’s merger into Banco XP in 2025. [P148278195][P148277191]\n[P148277216][https://www.xpinc.com/quem-somos/][P148277411][https://exame.com/negocios/xp-investimentos-confirma-compra-da-clear-corretora/][https://exame.com/negocios/xp-confirma-aquisicao-de-100-da-corretora-rico/][P148277211][P148277479][https://www.nasdaq.com/press-release/xp-inc.-announces-closing-of-initial-public-offering-and-full-exercise-of-the][P148278195][P148277191][https://www.xpinc.com/quem-somos/][https://exame.com/negocios/xp-investimentos-confirma-compra-da-clear-corretora/][https://exame.com/negocios/xp-confirma-aquisicao-de-100-da-corretora-rico/][https://www.nasdaq.com/press-release/xp-inc.-announces-closing-of-initial-public-offering-and-full-exercise-of-the]",
      "updatedAt": "2026-10-02T13:07:51.426769Z"
    }
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