Xp annual net debt
2018
2019
2020
2021
2022
2023
2024
2025
Xp Net Debt Growth & History (XP)
Xp's net debt was R$93.86B for fiscal 2025.
View full Xp company overviewXp annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | R$93.86B | R$104.80B | — |
| 2024 | 2024-12-31 | −R$10.93B | −R$4.23B | — |
| 2023 | 2023-12-31 | −R$6.71B | −R$3.89B | — |
| 2022 · Dec 31 | 2022-12-31 | −R$2.82B | −R$1.31B | — |
| 2021 | 2021-12-31 | −R$1.50B | R$663.3M | — |
| 2020 | 2020-12-31 | −R$2.17B | −R$1.92B | — |
| 2019 | 2019-12-31 | −R$250.3M | −R$241.6M | — |
| 2018 | 2018-12-31 | −R$8.8M | — | — |
Xp quarterly net debt
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | R$99.32B | R$37.24B | +60.00% |
| Q1 2026 | 2026-03-31 | R$100.09B | R$50.44B | +101.60% |
| Q4 2025 | 2025-12-31 | R$93.86B | R$104.80B | — |
| Q3 2025 | 2025-09-30 | R$60.09B | — | — |
| Q2 2025 | 2025-06-30 | R$62.07B | — | — |
| Q1 2025 | 2025-03-31 | R$49.65B | — | — |
| Q4 2024 | 2024-12-31 | −R$10.93B | −R$4.23B | — |
| Q4 2023 | 2023-12-31 | −R$6.71B | −R$3.89B | — |
| Q4 2022 · Dec 31 | 2022-12-31 | −R$2.82B | −R$1.31B | — |
| Q4 2021 | 2021-12-31 | −R$1.50B | R$663.3M | — |
| Q4 2020 | 2020-12-31 | −R$2.17B | −R$1.92B | — |
| Q4 2019 | 2019-12-31 | −R$250.3M | — | — |
Xp net debt trends
Over the last five fiscal years, Xp's net debt increased from −R$2.17B to R$93.86B, a change of R$96.03B. The latest reported quarter, Q2 2026, shows R$99.32B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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