Key Highlights

  • Net Revenue and income for the second quarter of 2026 reached BRL 4,849 million, up 9% from a year earlier and 4% from the first quarter.
  • Second-quarter Net Income of BRL 1,384 million rose 5%, while diluted EPS of BRL 2.67 was 9% higher and adjusted return on average Equity reached 22.5%.
  • Client Assets stood at BRL 1,535 billion at quarter end, up 12% year over year, with BRL 28 billion of net inflows supporting the figure.
  • Third-quarter results are listed for November 16, 2026, and are expected after the U.S. market closes.

Third Quarter Timing for XP (NASDAQ:XP) on November 16, 2026

XP (NASDAQ:XP) will publish figures for the third quarter of 2026 on Monday, November 16, 2026, once the U.S. market has closed. Consensus revenue, per published market data, is around USD 999.94 million. Market Capitalization sits near USD 10.1 billion. The last report, released August 17, 2026, logged BRL 4,849 million of total revenue and income, plus BRL 1,384 million of net income, both above the year before. That gives a clear base for gauging sequential momentum at the Brazilian Wealth Management and brokerage group.

Adjusted Earnings, Client Growth and Capital Targets at XP (NASDAQ:XP)

Net revenue on a managerial basis at XP (NASDAQ:XP) was BRL 4,884 million in the second quarter, up 9%, while adjusted net income came to roughly BRL 1.4 billion, a 5% gain. Adjusted basic EPS came in at BRL 2.71, and adjusted return on tangible equity stood at 27.2%, whereas return on average equity dropped 189 basis points year over year to 22.5%. Retail supplied BRL 20 billion of the BRL 28 billion in net inflows, and the active client count grew 1%, reaching 4,772 thousand. XP (NASDAQ:XP) does not issue formal financial guidance, but management said it is comfortable steering its BIS ratio into a 16% to 19% target range toward year-end via capital distributions.

BIS Ratio and Buyback Progress at XP (NASDAQ:XP)

At XP (NASDAQ:XP), the BIS ratio was 20.3% and the CET1 ratio 17.1% as of the second quarter's close, both sitting above the 16% to 19% target band and leaving headroom for distributions. Roughly BRL 1 billion was bought back during the first half of 2026. The previous program has finished, and a second BRL 1 billion program is still open. Risks include a 189 basis point fall in return on equity, only 1% growth in active clients, revenue sensitivity to Brazilian interest rates and market activity, currency swings that affect the U.S. dollar value of reported results, and regulatory change in Brazil's financial system.

Where Things Stand

XP (NASDAQ:XP) heads into its November 16, 2026 release with steady growth and a solid capital position. Second-quarter revenue climbed 9% to BRL 4,849 million, while net income advanced 5% to BRL 1,384 million. Client assets expanded 12%, reaching BRL 1,535 billion, though the figure was flat versus the prior quarter. Active clients totalled 4,772 thousand, and net inflows reached BRL 28 billion during the quarter. A BIS ratio of 20.3% sits against a 16% to 19% goal, so XP (NASDAQ:XP) faces a clear question on how it returns capital, with Buybacks or other routes a central theme.