XP Inc. (XP) is a publicly traded company in the Financial Services — Financial - Capital Markets industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
XP Inc. provides financial products and services in Brazil. The company operates XP Platform, an open product platform that provides clients to access investment products in the market comprising brokerage securities, fixed income securities, mutual, hedge, and private equity funds; derivatives and synthetic instruments; credit cards; loan operations/collateralized credit products; pension and social security funds, and life and travel insurance products; and other investment...
Is XP Inc. stock overvalued or undervalued in 2026?
XP Inc. (XP) trades at 7.5× earnings (P/E), below the median of the 324 financial services companies over $2bn in Kaplio's universe. At the decade median (14.6×) $28 (+95 %); at its sector median (13.0×) $25 (+74 %).
Kaplio overview: XP Inc.
Market cap $7B · 52 weeks $14 – $33 (56 % below the high) · P/E 7.5× · 2027 expected P/E 6.4× · Dividend 2.7 % · Next earnings November 16, 2026 · expected EPS $0.53 · Closing price, Oct 30 · accounts published Aug 17.
- Valuation: P/E 7.5× (cheap).
- Business: ROE 22.1 % (solid).
- Balance sheet: Debt/Equity 3.74 (fragile).
- Earnings: 5 of 8 (uneven).
What would it be worth at its usual multiples?
At the decade median (14.6×) $28 (+95 %); at its sector median (13.0×) $25 (+74 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in financial services: 5 of 6 pass
- Debt / Equity 3.74, fails.
- 5y revenue growth 17.3 %, passes.
- Operating margin 32.4 %, passes, near the threshold.
- ROE 22.1 %, passes.
- FCF / Net Income 233.5 %, passes.
- P/E vs own 5y 7.5×, passes.
Against its peers (reference peers) — XP Inc.: P/E 7.5×; EV/EBITDA 19.3×; ROIC 1.4 %; $7.4B. Stifel Financial Corp (P/E 9.1×; EV/EBITDA 4.5×; ROIC 20.5 %; $10.0B), Futu Holdings Limited (P/E 9.7×; EV/EBITDA 7.2×; ROIC 4.6 %; $13.8B), LPL Financial Holdings Inc. (P/E 16.3×; EV/EBITDA 9.1×; ROIC 11.9 %; $22.3B).
Expensive or cheap against its last 7 years?
P/E at each close: today 7.5× · median 14.6× · minimum 7.1× · maximum 79.1× · cheap below 11.3× · expensive above 44.8×. It has been cheaper than today only 1% of the time over its last 7 years.
Dividend
tight (only raised recently) · Yield 2.7 % ($0.17 per ADS in 2025) · 5-year growth +13 % a year · Free cash flow coverage 5.1× · With $1,000 invested today you'd collect $26.60 a year ($2.22 a month).
Investor methods verdict
Would Peter Lynch approve XP today?
The Lynch Method would not approve XP today: it fails its quality rules. Business quality: 91 out of 100 (price not included). Lynch classifies it as a stalwart. Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Profitability
| Return on Equity | 22.05% |
| Return on Invested Capital | 1.40% |
| Return on Assets | 1.30% |
| Gross Margin | 66.69% |
| Operating Margin | 31.83% |
| Net Margin | 27.59% |
Financial Health
| Debt / Equity | 3.74 |
| Current Ratio | 0.50 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 0.06 |
Price Performance
| 1 month | -32.50% |
| 3 months | -16.24% |
| Year-to-date | -12.71% |
| 1 year | -21.57% |
| 3 years | -29.71% |
| 5 years | -58.08% |
Dividend History
Paid in the last 12 months: $0.3800 per share in 2 payments.
| Date | Amount |
|---|---|
| 2026-06-10 | $0.2000 |
| 2025-12-10 | $0.1800 |
| 2024-12-10 | $0.6500 |
| 2023-12-12 | $0.7300 |
| 2023-09-11 | $0.5850 |
Amounts adjusted for stock splits.
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Explore sector: Financial Services · Financial - Capital Markets
More sections of XP: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method today · Companies that pass the Lynch method today · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks