XP stock
XPNASDAQXP Inc., Financial ServicesISIN KYG982391099
69Score 69 out of 100, Neutral
Price and trend
36 / 100
Price history
−22% in one yearThe chart shows daily closes over 7 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 21% below it.
Since October 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Sharply down: the price has fallen very quickly lately (RSI 13).
The price is 54% below its 52-week high. Largest decline in 7 years: 79% (September 2021 to March 2023).
Chart figures for advanced users
- SMA 50$21.85
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$19.03
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)13
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$14.04
- The lowest closing price of the last twelve months.
- Resistance$32.60
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- XP Inc. belongs to the Financial (Capital Markets) industry (Cayman Islands) and, with a market value of $7.78B, is number 29 of 83 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $3.25B (down 8.2% year on year) and earnings of $902.32M (down 2.1%).
- MEQIRI Score 69 out of 100 (Neutral): rank 465 of 975 in Financial Services, median 68.
Show more
- The P/E is 8.3 (Financial (Capital Markets) median 14.3, own median of recent years 17.7).
- Our model puts fair value at $21.59, with the price 30% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High return on equityReturn on equity 22.1% over the last 12 months.Profitability 84
- Earnings per share growingUp 21.1% a year since 2020.Growth 88
- Modestly valuedP/E 8.3, Financial (Capital Markets) median 14.3, own median 17.7.Valuation 87
Weaknesses
- Volatile share priceVolatility 75% a year over the last 12 months.Stability 38
Its standout strengths are fundamentals and growth, while technical analysis and momentum hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 70 to 69.
The fundamentals are strong overall.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high price swings
- high growth grade (crashed more often in the backtest)
- weak momentum
What lowers it
- solid fundamentals
Valuation
Valuation signal
Modestly undervaluedIn our model the price counts as cheap below $14.39 and expensive above $43.17 (uncertainty very high, based on the price swings of the past year).
The two parts of the fair value come to $17.23 (excess return model) and $25.94 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 15.8%. At 16.8% the fair value would be $20.66, at 14.8% it would be $22.76.
Valuation metrics
Half from the excess return model, half from earnings times the industry P/E (14.3).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Jun 2026, revenue rose 8.2% on the twelve months before. Revenue has grown strongly since 2013, at around 70% per year.
Margins
- Operating margin
- Net margin
In fiscal 2025: operating 32%, net 28%. Banks and insurers have no gross margin, and their net margin is not comparable with other industries. The score leaves both out.
Debt & balance sheet
latest quarterFor banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.
Earnings
- Next earnings
- 16 Nov 2026in 3 days
- Last reported
- 17 Aug 2026EPS reported 0.53 (expected 0.5)above expectations
Analyst estimates
Analysts have cut their 2027 earnings estimate by 9.2% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- 10.21−7.4%
- Revenue
- $3.38B−9.3%
- Earnings per share
- 11.53−9.2%
- Revenue
- $3.76B−10.7%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +0.1%Still targeting a flattish efficiency ratio versus last year; higher revenues and expenses are expected in the second half.
“As we move into the second half of the year, we expect the typical effects that lift both revenues and expenses.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 17 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. One insider sold, $2.41M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Dos Santos Bruno Constantino AlexandreSale
16 Sept 2026, Board
- Shares
- 123,257
- Price
- $19.58
- Value
- $2.41M
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at XP
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
975 rated companies in Financial Services
- This company
- 69
- Sector median
- 68
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Financial (Capital Markets)
The next larger and next smaller companies by market value
- NordnetSAVE.ST $8.86B75
- Jefferies Financial GroupJEF $8.75B60
- Founder Securities601901.SS $8.33B65
- Motilal Oswal Financial ServicesMOTILALOFS.NS $7.8B77
- Hut 8HUT $7.44B27
- Guolian Minsheng Securities601456.SS $7.08B48
- Industrial Securities601377.SS $6.92B41
- StoneX GroupSNEX $6.89B64
ETFs that hold XP
Held by 31 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares MSCI Brazil UCITS ETF USD (Dist)IQQB | 1.36% | 0.74% | €409.4M |
| EMQQ Emerging Markets Internet UCITS ETF AccEMQQ | 0.95% | 0.86% | €87.18M |
| iShares MSCI EM Latin America UCITS ETF USDIUSC | 0.69% | 0.20% | €1.73B |
Show 5 more
| Deka MSCI Emerging Markets UCITS ETFEL40 | 0.18% | 0.40% | €304.94M |
| Xtrackers MSCI Emerging Markets ESG UCITS ETF 1CXZEM | 0.12% | 0.25% | €1.17B |
| Avantis Emerging Markets Equity UCITS ETF USD AccAVEM | 0.11% | 0.35% | €284.54M |
| UBS Core MSCI EM UCITS ETF USD disUIMI | 0.05% | 0.15% | €10.57B |
| iShares MSCI EM IMI Screened UCITS ETF USD (Acc)AYEM | 0.05% | 0.18% | €5.26B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = R$5.6169)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 13 Nov 2026, previously Strong
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.