XP Inc. reported adjusted earnings per share of R$0.08 above market estimates for its latest quarter, while revenue exceeded analyst forecasts, the Brazilian fintech company said in its earnings release on Wednesday.
The company’s adjusted EPS of R$1.12 compared with the R$1.04 consensus estimate from Refinitiv, according to the filing. Revenue totaled R$3.8 billion, topping the R$3.6 billion forecast.
XP’s net income rose 18% year-over-year to R$1.5 billion, driven by growth in its asset management and brokerage businesses. Total client assets under management increased 12% to R$1.2 trillion, reflecting continued expansion in its core markets.
The results underscore XP’s resilience amid volatile market conditions, with the company maintaining strong profitability despite broader economic headwinds. Management highlighted robust client activity and diversified revenue streams as key drivers of the outperformance.
XP Inc. shares were indicated slightly higher in pre-market trading following the release.
