XP adjusted net income rises 7% YoY to R$ 1.32 billion in 1Q26; revenue climbs 8% to R$ 4.92 billion

• XP Inc posted 1Q26 gross revenue of R$ 4.92 billion, up 8% from a year earlier, while adjusted net income rose 7% to R$ 1.32 billion.
• EBT increased 8% to R$ 1.42 billion, though the EBT margin narrowed 2.73 percentage points to 30% from 4Q25; gross margin slipped 2.22 percentage points to 67.2% over the same period.
• Total client assets climbed 15% year-over-year to R$ 1.53 trillion, while total net inflow dropped 39% to R$ 14 billion.
• Retail daily average trades jumped 23% from a year earlier to 2.7 million, while annualized retail take rate eased 7 basis points to 1.18%.
• Cards TPV rose 10% year-over-year to R$ 13.3 billion, while the expanded loan portfolio grew 16% to R$ 74.3 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XP Inc. published the original content used to generate this news brief on May 17, 2026, and is solely responsible for the information contained therein.