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XP Inc. is a Brazilian holding company operating in the Financial sector, founded by Guilherme Benchimol and Marcelo Maisonnave.
Managing a group of subsidiaries, the company includes: XP Investimentos, XP Advisory, XP Educação, XP Corretora, XP Asset Management, XP Private, Clear Corretora, Rico Investimentos, and InfoMoney.
XP offers a wide range of financial products and services, covering both fixed income and equity investments, as well as financial education and wealth management solutions.
However, XP’s core business is financial brokerage, which it operates through its digital Home Broker platforms and an extensive network of independent investment agents throughout Brazil.
Headquartered in São Paulo, XP maintains operations across various regions in Brazil and is gradually expanding its international presence through strategic acquisitions and the development of its financial products and services.
XP Inc. has been listed on the Nasdaq under the ticker symbol XP
History and Founding of XP Inc.
XP Inc. was founded in 2001 in Porto Alegre, Rio Grande do Sul, by Guilherme Benchimol and Marcelo Maisonnave, who started the company after leaving their jobs at a brokerage firm.
With a small 25-square-meter office, the founders aimed to transform Brazil’s financial market by democratizing access to investments through financial education.
XP’s initial strategy focused on training beginner investors to help them generate returns in the financial markets. This model proved successful, leading to the launch of XP Educação in 2002 and the expansion of its network through affiliated investment offices across Brazil.
In 2007, XP began operating as a brokerage firm following the acquisition of Manchester CCTVM and Americainvest, expanding its service offerings and becoming one of the leading investment platforms in the country.
The company continued its expansion by acquiring the financial news portal InfoMoney in 2012 and, in the same year, selling a 31% stake to private equity firm General Atlantic.
In 2014, XP expanded internationally with the launch of XP Securities in the United States and acquired Clear and Rico, two brokerages that helped grow its customer base with differentiated offerings for various investor profiles.
In 2017, Itaú Unibanco acquired a 49.9% stake in XP for approximately BRL 6 billion. However, in 2020, the bank sold its stake, allowing XP to retain its strategic independence and innovation-driven culture.
In 2019, XP went public with its initial public offering (IPO) on the Nasdaq, raising USD 2.25 billion. It was the 9th largest IPO globally that year, debuting with a market capitalization of USD 14.9 billion, roughly 70 times its previous year’s net income.
Between 2020 and 2024, XP strengthened its presence in the digital banking sector, expanded its product portfolio, and invested in new technologies to enhance the customer experience.
XP continues to grow and innovate, positioning itself as one of the leading financial services companies in Brazil and a global reference in digital investment solutions.
Additional Information
The Company XP Inc. (United States), is listed on Nasdaq with a market value of $ 8.61 Billions, having an equity of $ 4.41 Billions.
With a total of 2.429 employees, the company is listed in the sector of Financial and categorized in industry of Investment Services.
In the last 12 months the Company had a revenue of $ 1.31 Billion, which generated a profit in the amount of $ 891.90 Millions.
As for its main indicators, the Company has a P/E ratio of 9.65, a P/BV ratio of 1.95 and in the last 12 months the dividend yield of XP was at 1.10%.
The Company is traded internationally through the ticker XP.
