← XP Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss | $19.9m | $11.2m | $73.1m | $20.4m | $20.8m | $32.3m | $29.5m | $23.4m | — | |
| Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss, trade and other receivables | $8.2m | $9.4m | $55.6m | $92.6m | $78.9m | $360.9m | $288.5m | $392.3m | — | |
| Adjustments for depreciation expense | $24.5m | $53.1m | $67.4m | $68.6m | $110.2m | $118.6m | $125.2m | $141.0m | — | |
| Adjustments for share-based payments | $0 | $5.4m | $232.8m | $561.5m | $584.8m | $365.7m | $417.3m | $391.7m | — | |
| Share of profit (loss) of associates and joint ventures accounted for using equity method | $0 | $0 | ($862k) | $7.7m | $12.2m | ($73.5m) | ($47.3m) | ($115.8m) | — | |
| Adjustments for decrease (increase) in trade accounts receivable | ($92.8m) | ($243.9m) | ($46.2m) | $37.2m | ($157.1m) | ($53.2m) | ($109.7m) | ($638.8m) | — | |
| Adjustments for increase (decrease) in trade accounts payable | $63.0m | $132.2m | $564.3m | ($133.6m) | ($308.8m) | $326.3m | ($184.8m) | $46.7m | — | |
| Adjustments for decrease (increase) in other assets | ($59.0m) | ($14.2m) | ($23.1m) | ($674.7m) | ($3.4b) | ($437.1m) | ($8.1b) | ($3.0b) | — | |
| Adjustments for increase (decrease) in other liabilities | $14.5m | $8.8m | $1.0b | $4.3b | $3.9b | ($347.8m) | $4.5b | ($2.7b) | — | |
| Losses on disposals of property, plant and equipment | — | — | — | — | $0 | $0 | $0 | $3.8m | — | |
| Purchase of property, plant and equipment | ($83.1m) | ($72.5m) | ($145.2m) | ($135.4m) | ($44.6m) | ($66.0m) | ($144.8m) | ($209.3m) | — | |
| Disposal of property and equipment assets | — | — | — | — | $0 | $0 | ($10.0m) | $0 | — | |
| Gains (losses) on disposals of investments | — | — | — | $0 | $0 | $26.4m | $33.1m | $0 | — | |
| Other cash payments to acquire interests in joint ventures, classified as investing activities | — | — | — | — | $0 | $0 | $46.8m | $144.9m | — | |
| Proceeds from borrowings | $325.4m | $0 | $0 | $1.6b | $0 | $2.3b | $0 | $2.6b | — | |
| Repayments of borrowings | ($689.6m) | ($123.3m) | ($152.9m) | ($76.4m) | ($101.7m) | ($2.0b) | ($2.4b) | ($3.9b) | — | |
| Dividends paid | ($325.0m) | ($500.0m) | $0 | $0 | $0 | ($3.5b) | ($2.0b) | ($494.5m) | ($494.5m) | |
| Dividends paid to non-controlling interests | ($4.1m) | ($11.1m) | ($5.6m) | ($3.0m) | ($1.8m) | ($1.9m) | ($991k) | ($800k) | ($494.5m) | |
| Adjustments for decrease (increase) in reverse repurchase agreements and cash collateral on securities borrowed | ($5.6b) | ($2.9b) | $2.9b | ($2.3b) | $1.9b | ($4.5b) | ($4.3b) | $8.5b | — | |
| Adjustments for increase (decrease) in repurchase agreements and cash collateral on securities lent | $6.1b | $9.0b | $16.2b | ($5.6b) | $5.5b | $711.8m | $38.4b | ($13.1b) | — | |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | ($223.7m) | $258.4m | $1.7b | $1.5b | $1.2b | $4.3b | $3.7b | $6.4b | — | |
| Cash and cash equivalents at beginning of period | $626.9m | $887.8m | $2.7b | $3.8b | $5.0b | $9.2b | $12.9b | $19.2b | — | |
| Effect of exchange rate changes on cash and cash equivalents | $15.1m | $2.5m | $55.2m | ($376.7m) | ($16.7m) | ($28.3m) | ($28.3m) | ($90.6m) | ($90.6m) | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Profit (loss) before tax | $640.7m | $1.5b | $2.4b | $3.8b | $3.4b | $3.9b | $5.0b | $5.4b | — | |
| Adjustments for amortisation expense | $28.3m | $37.6m | $75.8m | $163.1m | $95.6m | $133.8m | $140.1m | $163.2m | — | |
| Gains (losses) on financial assets measured at fair value through other comprehensive income, net of tax | — | — | $0 | ($47.3m) | $54.3m | $52.4m | $91.2m | $75.6m | — | |
| Adjustments for provisions | $7.9m | ($1.6m) | $2.0m | $5.3m | $12.3m | $9.9m | $34.3m | $3.6m | — | |
| Adjustments for unrealised foreign exchange losses (gains) | ($25.8m) | $3.6m | $1.5m | $506.5m | ($301.7m) | ($470.8m) | $1.2b | ($980.9m) | — | |
| Adjustments for interest expense | $64.3m | $86.9m | $56.9m | $181.7m | $429.2m | $637.6m | $609.4m | $547.1m | — | |
| Adjustments For Increase decrease In Securities | ($2.9b) | ($20.2b) | ($43.0b) | ($21.9b) | ($28.3b) | ($12.7b) | ($59.2b) | ($41.2b) | — | |
| Adjustments for decrease (increase) in derivative financial assets | ($492.0m) | $825.7m | $1.0b | $674.8m | ($1.6b) | $1.7b | ($7.3b) | $2.8b | — | |
| Adjustments for decrease (increase) in financial assets held for trading | $2.0b | $4.2b | $10.6b | ($5.1b) | ($1.4b) | $1.2b | ($2.1b) | $4.1b | — | |
| Adjustments for decrease (increase) in loans and advances to banks | $0 | ($386k) | ($3.9b) | ($8.9b) | ($9.4b) | ($5.6b) | ($951.0m) | ($5.3b) | — | |
| Adjustments for decrease (increase) in prepaid expenses | — | — | ($1.3b) | ($2.6b) | ($257.4m) | $22.7m | $55.0m | $299.8m | — | |
| Adjustments for increase (decrease) in deposits from banks | — | — | — | — | $17.6b | $12.5b | $33.5b | $30.0b | — | |
| Adjustments For Increase decrease In Social And Statutory Obligations | $81.3m | $241.0m | $174.7m | $354.8m | ($54.1m) | $126.7m | $164.8m | $54.3m | — | |
| Adjustments For Increase decrease In Tax And Social Security Obligations | $4.5m | ($9.2m) | $182.4m | $278.6m | ($91.3m) | $17.4m | ($154.9m) | ($75.9m) | — | |
| Adjustments for increase (decrease) in employee benefit liabilities | $16.1m | $3.7b | $9.6b | $18.5b | $13.8b | $10.7b | $9.8b | $26.8b | — | |
| Cash flows from (used in) operations | ($196.2m) | ($3.4b) | $2.1b | ($3.2b) | $2.4b | $8.7b | $12.1b | $12.9b | — | |
| Income tax paid | ($202.4m) | ($402.6m) | ($519.0m) | ($783.8m) | ($370.9m) | ($402.8m) | ($542.4m) | ($313.6m) | — | |
| Contingencies paid | ($3.9m) | ($3.2m) | ($1.6m) | ($2.6m) | ($2.5m) | ($52.7m) | ($8.2m) | ($52.6m) | — | |
| Interest paid | ($54.2m) | ($28.4m) | ($71.2m) | ($81.4m) | ($197.9m) | ($141.2m) | ($349.4m) | ($367.3m) | ($367.3m) | |
| Additional contigent consideration paid | — | — | — | — | — | $0 | $0 | ($109.6m) | — | |
| Cash flows from (used in) operating activities | ($456.7m) | ($3.8b) | $1.5b | ($4.0b) | $1.8b | $8.1b | $11.2b | $12.0b | $12.0b | |
| Purchase of intangible assets | ($53.5m) | ($88.9m) | ($146.4m) | ($217.6m) | ($82.4m) | ($130.2m) | ($185.4m) | ($280.3m) | — | |
| Cash flows used in obtaining control of subsidiaries or other businesses | ($10.4m) | $0 | ($62.4m) | ($40.9m) | ($69.5m) | $770.9m | $0 | $0 | — | |
| Capital (contributions)/reductions in associates | — | — | — | — | — | $0 | $0 | ($14.4m) | — | |
| Acquisition of associates | — | — | — | — | ($174.8m) | ($65.4m) | ($1.4b) | ($335.1m) | — | |
| (Acquisition)/disposal of associates measured at fair value | — | — | — | — | — | $29.6m | $0 | ($50.6m) | — | |
| Cash flows from (used in) investing activities | ($147.1m) | ($161.4m) | ($582.0m) | ($1.2b) | ($371.3m) | $538.8m | ($1.7b) | ($716.0m) | — | |
| Increase (decrease) through treasury share transactions, equity | — | — | $0 | $0 | ($1.8b) | ($915.9m) | ($1.4b) | ($1.9b) | — | |
| Proceeds from issue of bonds, notes and debentures | $400.0m | $400.0m | $0 | $4.2b | $1.9b | $373.5m | $1.2b | $0 | — | |
| Repayments of bonds, notes and debentures | $0 | ($11.8m) | ($400.0m) | ($177.8m) | ($176.0m) | ($590.0m) | ($1.2b) | ($1.3b) | — | |
| Increase Decrease From Transactions With Non Controlling Interests | $146k | ($1.9m) | $582k | ($231k) | $3.6m | ($4.1m) | ($5k) | $0 | — | |
| Cash flows from (used in) financing activities | $380.1m | $4.2b | $788.7m | $6.6b | ($200.3m) | ($4.4b) | ($5.8b) | ($4.9b) | — | |
| Cash | $68.4m | $109.9m | $2.0b | $2.5b | $3.6b | $3.9b | $5.6b | $10.4b | $12.0b | |
| Reverse Repurchase Agreements And Cash Collateral On Securities Borrowed Included In Cash And Cash Equivalents | $488.8m | $654.1m | $593.7m | $1.1b | $646.5m | $2.8b | $2.9b | $3.5b | — | |
| Short-term deposits, classified as cash equivalents | $69.6m | $123.8m | $111.9m | $194.9m | $252.9m | $68.0m | $69.2m | $90.4m | — | |
| Other deposits | — | — | $0 | $0 | $515.0m | $2.4b | $4.3b | $5.3b | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.