Xp annual operating expenses
2017
2018
2019
2020
2021
2022
2023
2024
2025
Xp Operating Expenses Growth & History (XP)
Xp's operating expenses was R$6.59B for fiscal 2025.
View full Xp company overviewXp annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | R$6.59B | R$1.53B | +30.12% |
| 2024 | 2024-12-31 | R$5.06B | R$664.1M | +15.10% |
| 2023 | 2023-12-31 | R$4.40B | R$527.8M | +13.64% |
| 2022 | 2022-12-31 | R$3.87B | R$441.0M | +12.86% |
| 2021 | 2021-12-31 | R$3.43B | R$784.8M | +29.67% |
| 2020 | 2020-12-31 | R$2.65B | R$598.8M | +29.26% |
| 2019 | 2019-12-31 | R$2.05B | R$773.7M | +60.78% |
| 2018 | 2018-12-31 | R$1.27B | R$590.4M | +86.51% |
| 2017 | 2017-12-31 | R$682.5M | — | — |
Xp quarterly operating expenses
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | R$1.77B | R$203.7M | +12.98% |
| Q1 2026 | 2026-03-31 | R$1.70B | R$67.8M | +4.16% |
| Q4 2025 | 2025-12-31 | R$1.83B | — | — |
| Q3 2025 | 2025-09-30 | R$1.70B | — | — |
| Q2 2025 | 2025-06-30 | R$1.57B | — | — |
| Q1 2025 | 2025-03-31 | R$1.63B | — | — |
Xp operating expenses trends
Over the last five fiscal years, Xp's operating expenses increased from R$2.65B to R$6.59B, a change of R$3.94B. The latest reported quarter, Q2 2026, shows R$1.77B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Xp source filings ↗