XP Inc. balance sheet

At the end of fiscal 2025, XP Inc. had total assets of $72.40bn, total liabilities of $68.10bn and shareholders' equity of $4.30bn. It held $3.51bn in cash against $43.4m of debt: net cash of $3.47bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

XP Inc.: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	0.3	0.2	0.2	0.5	0.7	0.9	1.9	2.1	3.5
Receivables	—	0.1	0.1	—	—	—	—	—	—
Total assets	—	4.6	10.9	18.5	25.0	36.3	51.3	56.2	72.4
Total debt	0.0	0.1	0.1	0.1	0.3	0.4	0.5	0.3	0.0
Total liabilities	—	4.0	9.1	16.4	22.4	33.1	47.3	52.9	68.1
Shareholders' equity	0.3	0.5	1.8	2.1	2.6	3.2	4.0	3.2	4.3
Net debt (negative = net cash)	−0.3	−0.0	−0.1	−0.5	−0.3	−0.6	−1.4	−1.8	−3.5
Shares outstanding	485m	509m	552m	559m	560m	561m	549m	540m	520m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from XP Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to XP Inc.