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XP Inc.

XPBR31

Brazil's largest independent investment platform, US-listed, with retail, wholesale and banking businesses.

5articles
7material mentions
9connections

Last 90 days

What sources are saying

The company reported adjusted profit of R$1.384 billion in Q2 2026, up 5% year over year, with revenue of R$5.05 billion and wholesale acceleration.

Updated September 23, 2026 · 5 verified articles

Market transmission

Why it matters

Net inflows, product mix, take rate and the rate cycle drive the platform's revenue and profit; the group also controls financial-media outlets.

Explanatory mechanism, not a forecast or recommendation.

Articles in chronological order

05
CORPORATEBrazil

XP suspends new investments in six CDI-linked fixed income ETFs over doubts about the income tax rate

XP suspended from September 21 new investments and transfers into six CDI-linked fixed income ETFs: AMAB11, DEBB11, LFIN11 and MARG11 (BTG Pactual), GICP11 (Genial) and NLFA11 (Nu). The broker cites uncertainty over the applicable rate, 15% or 25%, which depends on how the average maturity of portfolios of CDI-indexed debentures and bank notes is calculated. Existing holders are not affected and the funds keep trading on B3; Anbima says the industry position creates no tax benefit, only equivalent treatment.

2 sourcesSep 22, 2026
CORPORATEBrazil

XP Malls approves its 15th issuance of up to R$ 800 million at R$ 110.11 per quota, settling on October 13

XP Malls (XPML11) shareholders approved, in a September 14 material fact, the 15th quota issuance of up to R$ 800 million, with 3,632,731 quotas at R$ 110.11 plus a 0.75% distribution fee (R$ 0.82), R$ 110.93 per quota in total, and the option to double the offering on excess demand; preference rights have a September 17 record date and a B3 period from September 21 to October 1, with settlement expected on October 13. The offering is restricted to professional investors, with a minimum investment of R$ 5,065.06 and a minimum amount of R$ 30 million, and proceeds go to asset acquisition and expansion or capital structure optimisation.

3 sourcesSep 15, 2026
CORPORATEBrazil

A5X raises R$ 360 million in a Series D round at R$ 2.7 billion and targets its derivatives exchange debut in the second quarter of 2027

A5X, a pre-operational derivatives and futures exchange that aims to compete with B3, announced on September 14 a R$ 360 million Series D round led by Morgan Stanley, Goldman Sachs and Kaszek, at a valuation of about R$ 2.7 billion, with participation from shareholders IMC, Jump Trading, Optiver, XTX Markets and ABN Amro Clearing and the entry of XP, which exercised a purchase option; the company has raised more than R$ 730 million in four rounds, says the funds cover regulatory capital and operations to breakeven, and expects to start trading in the second quarter of 2027, after tests with regulators between October and November.

3 sourcesSep 14, 2026