XP Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 27, 2024 at 04:10 pm EST
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XP Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was BRL 4,046 million compared to BRL 3,177 million a year ago. Net income was BRL 1,040 million compared to BRL 783 million a year ago. Basic earnings per share from continuing operations was BRL 1.9 compared to BRL 1.43 a year ago. Diluted earnings per share from continuing operations was BRL 1.88 compared to BRL 1.39 a year ago.
For the full year, revenue was BRL 14,860 million compared to BRL 13,347 million a year ago. Net income was BRL 3,899 million compared to BRL 3,580 million a year ago. Basic earnings per share from continuing operations was BRL 7.22 compared to BRL 6.44 a year ago. Diluted earnings per share from continuing operations was BRL 7.16 compared to BRL 6.25 a year ago.
XP Inc. is a Cayman Islands-based holding company. The Company owns technological platforms for investments, financial services and education, in addition to media and content platforms, including brands, such as XP, Rico, Clear, Infomoney, XPeed and IM+. It distributes a range of financial products and services, such as financial education and digital content platform, financial advisory services and open financial product platform. Xpeed is a financial education platform in Brazil, which offers courses, MBAs and learning tools, as well as a range of digital content. It advises and supports its customers in a range of activities related to the financial universe, such as advisory services for institutional clients, private banking for high income clients, international financial services, structuring and issuance of financial products for corporate clients and issuers. It offers an open financial product platform to its clients, encompassing both proprietary and partnership products.
XP INC. 
