XP

This article first appeared on GuruFocus. Total Gross Revenue: BRL5.1 billion in Q2 2026, up 8% year-over-year and 3% quarter-over-quarter. Retail Revenue: BRL3.9 billion, up 8% year-over-year and 3% sequentially; would have grown 15% in the first half of 2026 excluding mark-to-market effects. Equities Revenue: Nearly BRL1.1 billion, up 11% year-over-year but down 2% sequentially. Funds Platform Revenue: Grew 23% year-over-year and 7% sequentially. Wholesale Segment Revenue: Grew 32% year-over-year and 3% sequentially. Corporate Segment Revenue: Grew 117% year-over-year and 22% sequentially. SG&A: BRL1.6 billion, up 5% year-over-year and 2% quarter-over-quarter. Efficiency Ratio: 34.3% on a last-12-months basis, up 30 basis points year-over-year and down 30 basis points sequentially. Adjusted Earnings Before Taxes (EBT): BRL1.6 billion, up 15% year-over-year and 10% quarter-over-quarter; adjusted EBT margin of 32%. Adjusted Net Income: BRL1.4 billion, up 5% year-over-year and quarter-over-quarter; net margin of 28.3%. Adjusted Diluted Earnings Per Share: Increased approximately 9% year-over-year. Return on Equity (ROE): 22.5%, up 80 basis points sequentially. Client Assets: BRL2.2 trillion, up 17% year-over-year. Net New Money: BRL28 billion in Q2 2026, including BRL20 billion retail and BRL8 billion corporate/institutional. Advisers: 18,400, up 1% year-over-year. Active Client Base: 4.8 million, up 1% year-over-year. Basel Ratio: 20.3%; CET1 ratio of 17.1%. Capital Distribution: Nearly BRL2.5 billion announced in 2026, including buybacks and dividends; cancellation of approximately 11.8 million treasury shares. Warning! GuruFocus has detected 5 Warning Signs with XP. Is XP fairly valued? Test your thesis with our free DCF calculator. Release Date: August 17, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Client assets reached BRL2.2 trillion, up 17% year-over-year, with net new money of BRL28 billion in Q2 2026. Adjusted EBT grew 15% year-over-year to BRL1.6 billion, with EBT margin expanding to 32%. Corporate segment revenues surged 117% year-over-year, driven by cross-selling of derivatives, FX, and credit. ROE improved 80 basis points sequentially to 22.5%, and EPS grew 9% year-over-year, outpacing net income growth. Capital management remains strong with a Basel ratio of 20.3%, and the company announced cancellation of 11.8 million treasury shares. Market volatility and widening credit spreads negatively impacted results, reducing primary DCM offerings and causing mark-to-market losses of over BRL400 million in H1 2026. Retail revenue growth was only 8% year-over-year, with a significant shift in fixed income mix toward low-margin daily liquidity products (70% of sales). Issuer Services segment revenues declined due to a sharp decrease in new fixed income offerings, particularly tax-exempt instruments. Net income growth was modest at 5% year-over-year, with net margin down 100 basis points year-over-year. The company expects continued softness in DCM volumes in Q3 2026, with a slower recovery than prior years. Q: Can you elaborate on the impact of market volatility on your revenues, particularly breaking down the expectations for Retail and Corporate segments heading into the election period?A: Thiago Maffra (CEO) explained that high volatility typically boosts volumes and revenues for Institutional desks and Retail trading clients, where XP holds a 30%-50% market share. He expects higher revenues in these business lines in the second half. For Corporate, he noted the business has been growing conservatively since 2021, with a high-quality credit portfolio and no exposure to recent credit events. He stated that the current level of Corporate business is a "normal level" going forward, expecting Q3 to also be strong. Q: How relevant could the Wholesale Banking business become within XP over the next few years, and do you have the right teams in place to expand lending? Also, what is your view on the medium-term payout ratio?A: Maffra (CEO) clarified there is no change in strategy, emphasizing a step-by-step growth approach without a major shift toward aggressive credit expansion. He highlighted the upcoming launch of an SMB platform on September 1, offering cards, acquiring, and collateralized credit. On payout, he reiterated the guidance to bring the BIS ratio down to 16%-19% from the current 20%+, implying more capital distribution. With BRL2.5 billion already announced in 2026, he expects payouts to exceed 50% this year, leaning toward buybacks at current price levels. Q: Is it fair to assume the mark-to-market impact on Retail revenues was around BRL420 million in the first half, with a marginal impact in Q2?A: Maffra (CEO) confirmed the math, stating the impact was below BRL300 million in Q1 and approximately BRL100-160 million in Q2. He attributed this to the warehousing book from investment banking and a significant drop in primary DCM market fees, noting Q2 volumes were less than a typical month. He added that Q3 is stabilizing at a lower level than the past but better than Q2. Q: What percentage of your fixed income assets are in daily liquidity products, and are you seeing any change in this mix?A: Maffra (CEO) revealed that approximately 70% of fixed income platform sales are now daily liquidity products, up from 30% three to four quarters ago. He explained this shift has a double impact: lower upfront fees from corporate bonds and lower daily accruals on liquidity products. He noted early signs of improvement in the fund platform but stated it's too early to confirm a turning point. Q: Do you expect any more mark-to-market impacts going forward, and can Retail revenues grow around the 15% underlying level? Also, what drove the jump in JV and associates' profit?A: Maffra (CEO) stated that while the book has been reduced significantly, it remains part of the business, so future losses are possible but smaller than in H1. He noted spreads have been stable for two months. For JV and associates, he attributed the BRL32 million sequential increase to seasonality, as many of these businesses are asset managers that book performance fees at the end of semesters, and they should continue growing over the years. Q: What are the key levers for cost control, and what can we expect for 2027 in terms of cost optimization?A: Maffra (CEO) reiterated the guidance for flattish efficiency and compensation ratios for the year. He noted that SG&A will pick up nominally in H2 due to seasonality and the Expert event. For 2027, he suggested flattish is a good assumption, but it's not a commitment, as the company is building new business lines and channels. Q: Can we expect gross margins to improve going forward given the changing mix dynamics?A: Maffra (CEO) explained that there is significant operational leverage in the business, and gross margins should improve in the long run. However, he cautioned that mark-to-market impacts, like the BRL400 million hit to the top line, distort commission ratios since they have no correlation to sales channels or IFAs. Q: Are you able to accommodate both investments in people and tech/AI upgrades within your flat efficiency guidance, and where are you in the upgrade for the massified client segment?A: Maffra (CEO) confirmed that non-people SG&A, particularly technology, is growing faster, concentrated on AI, servers, and cloud. He announced the upcoming launch of an AI adviser this month or early next month, which will enable better service and unit economics for smaller ticket clients. He expects client acquisition from this segment to accelerate, especially in 2027. Q: Can you explain the 23% year-over-year increase in salaries versus 13% headcount growth, and the lower share-based compensation?A: Maffra (CEO) advised that it's difficult to segregate salaries from bonuses and total compensation due to the changing mix of hires. He recommended looking at the total compensation ratio, including RSUs, as the best way to analyze people costs. Q: Can you confirm that primary markets have rebounded slightly in Q3 but remain soft, and what is the credit strategy for the SME segment?A: Maffra (CEO) confirmed that DCM volumes in Q3 are better than Q2 but softer than 2025's all-time highs. For SME credit, he emphasized a conservative approach, even more so than for corporate clients. The strategy involves collateralized credit, including government programs and receivables from cards, with only very small revolving lines, ensuring low risk. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. After a difficult run for shareholders over the past five years, XP now screens as cheap on both its intrinsic value estimate and market multiples. This puts fresh attention on whether the current share price reflects the underlying business. The XP share price has declined 61.7% over the past five years, which has left long term holders with heavy losses and created a very different starting point for valuation today. Recent growth in client assets and an expanded advisor base can support expectations for future fee based revenue, while any slowdown in net inflows or weaker market conditions may limit how much value investors are willing to place on that growth. XP scores as undervalued on all 6 of 6 checks in Simply Wall St's broader valuation framework, which indicates the checks lean cheap across earnings, assets and cash flow 6. The issue now is whether XP's current discount to the intrinsic value estimate, including the 34.2% gap implied by the Excess Returns model, offers enough compensation for the risks that have driven the long term share price decline. Find out why XP's 1.2% return over the last year is lagging behind its peers. The Excess Returns model evaluates how much value XP can generate above its cost of equity using its current and projected book value base. For XP, the model uses a book value of $48.93 per share and a stable book value estimate of $58.41 per share, alongside a stable EPS estimate of $13.31 per share based on analyst return on equity forecasts. With an average return on equity of 22.79% and a cost of equity of $7.33 per share, the implied excess return of $5.99 per share supports an intrinsic value estimate of $24.28 per share. Compared with the recent after-hours share price of $15.84 on 21 August 2026, XP screens as 34.2% undervalued on this framework. The recent Q2 2026 earnings update highlighted growth in client assets and continued share repurchases, and the current discount indicates that the market is cautious about how durable those excess returns will be. On the Excess Returns model, XP stock currently appears undervalued relative to its estimated intrinsic value. Our Excess Returns analysis suggests XP is undervalued by 34.2%. Track this in your watchlist or portfolio, or discover 50 more high quality undervalued stocks. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for XP. The P/E ratio is a useful way to look at XP because earnings are a key driver of how investors value a capital markets business. XP currently trades on a P/E of 7.9x, which is well below the Capital Markets industry average of 38.5x and the peer group average of 16.9x. That immediately frames XP as cheaper than many listed competitors on an earnings basis. The fair P/E ratio implied by Simply Wall St's model is 16.4x, which reflects what investors might pay given XP's size, profitability profile and risk level. Set against the current 7.9x multiple, the gap is wide and indicates a discount even after the recent Q2 2026 earnings report and share repurchases. This indicates that the market is pricing XP on a more cautious footing than those fundamentals alone would suggest. On the P/E multiple, XP stock appears undervalued compared with both peers and the modelled fair ratio. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives pick up where the XP valuation puzzle leaves off. They spell out what growth, margins and earnings paths would need to play out for XP's stock to be worth materially more or less than today's price, and they sit on the company’s Community page. Rather than relying on a single multiple or model, each Narrative lays out the assumptions behind its fair value so you can compare them with XP's actual results over time. One of the top community narratives on XP: 31% undervalued Read one of the top narratives on XP Do you think there's more to the story for XP? Head over to our Community to see what others are saying! XP screens as undervalued on both the Excess Returns intrinsic value estimate and on earnings-based multiples, which point in the same direction despite using different inputs. That combination suggests the current price already builds in a fair amount of caution about the business. From here, the key question for you is whether XP can sustain the returns on equity and fee based earnings power implied in the intrinsic value estimate long enough for the market to close that gap, or whether the discount is a signal that these returns are harder to maintain than recent results suggest. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include XP. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. XP (XP) is back in focus after its second quarter 2026 earnings release. The company reported year on year increases in revenue, net income and diluted earnings per share, alongside recent share repurchase activity. See our latest analysis for XP. XP's latest earnings and completed buybacks come as the stock trades at $15.99, with the share price down over the past quarter but the 1 year total shareholder return slightly positive and longer term returns still weak, which suggests recent interest is only cautiously rebuilding. If XP's value story has you reassessing your watchlist, this is a good moment to broaden your search and check out 21 top founder-led companies XP is trading at a clear discount to both analyst targets and intrinsic value estimates, even after the recent bounce. The real question now is how much of that gap fairly reflects its risks versus mispricing. XP's most followed valuation narrative places fair value at $23.17, well above the recent $15.99 close, which frames the current discount as meaningful. Read the complete narrative. Want to see what sits behind that expansion story? The fair value rests on steady revenue gains, solid margins, and a future earnings multiple that assumes XP keeps scaling efficiently. Result: Fair Value of $23.17 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, XP's story can shift quickly if competition continues to pressure fees or if higher marketing and technology spending does not translate into stronger revenue momentum. Find out about the key risks to this XP narrative. If XP's story so far feels only part complete, this is a good time to check the underlying details and pressure test the bullish points yourself. To see what investors are optimistic about, review the 5 key rewards Before you move on from XP, give yourself an edge by lining up a few fresh ideas that could complement or even challenge your current thinking. Grab potential mispricing opportunities early by scanning 50 high quality undervalued stocks that combine solid fundamentals with attractive valuations. Prioritise resilience and sleep better at night by focusing on 78 resilient stocks with low risk scores that score well on financial strength and stability. Spot future leaders before the crowd catches on by checking the screener containing 18 high quality undiscovered gems hiding strong balance sheets and consistent performance. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include XP. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

SÃO PAULO, August 17, 2026--(BUSINESS WIRE)--XP Inc. (NASDAQ: XP) ("XP" or the "Company"), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the second quarter of 2026. Summary(1) Operating KPIs 1. INVESTMENTS Client Assets and Net Inflow (in R$ billion) Client Assets totaled R$1.5 trillion in 2Q26, up 12%YoY and stable QoQ. Year-over-year growth was driven by R$103 billion net inflow and R$60 billion in market appreciation. In 2Q26, Net Inflow was R$28 billion, and Retail Net Inflow was R$20 billion, 28% up year-on-year and 7% higher sequentially. Active Clients (in ‘000s) Active clients grew 1% YoY and was roughly stable QoQ, totaling 4.8 million in 2Q26. Total Advisors (in ‘000s) Total Advisors connected to XP, including (1) IFAs, (2) XP employees who offer advisory services, (3) Registered Investment Advisors, consultants and wealth managers, among others. As of 2Q26, we had 18.4 thousand Total Advisors, an increase of approximately 1% YoY. Retail Daily Average Trades (in million) Retail DATs totaled 2.4 million in 2Q26, up 3% YoY and down 13% QoQ. NPS Our NPS, a widely known survey methodology used to measure customer satisfaction, was 66 in 2Q26. The NPS calculation as of a given date reflects the average scores in the prior six months. 2. RETIREMENT PLANS Retirement Plans Client Assets (in R$ billion) As per public data published by Susep, XPV&P’s individual’s market share (PGBL and VGBL) was stable at 5%. Total Client Assets were R$101 billion in 2Q26, up 18% YoY. Assets from XPV&P, our proprietary insurer, grew 34% YoY, reaching R$97 billion. 3. CARDS Cards TPV (in R$ billion) In 2Q26, Total TPV was R$13.5 billion, a 8% growth YoY and 1% increase QoQ. Active Cards (in ‘000s) Total Active Cards were 1.6 million in 2Q26, representing a 8% growth YoY and 2% up QoQ, being just over 1.0 million Credit Cards and approximately 0.6 million Active Debit Cards. 4. CREDIT Expanded Loan Portfolio (in R$ billion) Expanded Loan Portfolio reached R$78 billion as of 2Q26, expanding 16% YoY and 5% sequentially. 5. INSURANCE Gross Written Premiums (in R$ million) Gross written premiums (GWP) refer to the total amount of premium income that XPs has written or sold during a particular reporting period before deductions for provisions, reinsurance and other expenses. This figure represents the total premiums that customers have agreed to pay for life insurance policies issued by the company or sold by the company and issued by third-party insurers, including both new policies and renewals. It is a crucial metric for assessing the total business volume of an insurance company or insurance broker within that period. In 2Q26, Gross Written Premiums grew 10% YoY and expanded 21% QoQ. Discussion of Financial Results Total Gross Revenue1 Gross revenue reached R$5.1 billion in 2Q26, reflecting an increase of 8% year-over-year and 3% higher quarter-over-quarter. The year-over-year growth was driven by equities, funds platform, retail new verticals, and other retail, with new ventures and floating expanding at a rapid pace. The Wholesale bank division also delivered year-over-year growth. Retail Revenue Retail revenue reached R$3,881 million in 2Q26, representing a 3% increase quarter-over-quarter and a 8% increase year-over-year. Both equities and funds platform — two of our most important revenue lines — grew at double digit pace when compared to the same period of last year. However, this was partially offset by the MtM impact in fixed income, which brought overall retail revenue growth to 8%. Retail Revenue performance also benefited from strong contributions from banking, float and new verticals, which are reported in the Other Retail line and gained representativeness during the quarter. Take Rate Annualized Retail Take Rate was 1.20% in 2Q26, 2bps higher QoQ and 5bps lower YoY. Wholesale Banking Since last quarter we have included our Institutional business in the Wholesale segment. Taken together, Corporate, Issuer Services and Institutional grew 32% year-over-year, with revenues totaling R$1,175 million in 2Q26. The YoY performance was driven by a robust Corporate activity, with revenues reaching R$606 million, a 117% increase YoY. We continue to serve our clients with solutions in credit, derivatives, foreign exchange, and trading, sustaining the robust revenue growth of this segment. Other Revenue Accompanying the final phase of our restructuring, the Other revenue line has become less relevant over the years and ceased to exist last quarter, being incorporated in the net interest margin across our business lines. Costs of Goods Sold and Gross Margin Gross Margin was 68.6% in 2Q26 versus 67.2% in 1Q26 and 68.7% in 2Q25. SG&A Expenses SG&A expenses totaled R$1.6 billion in 2Q26, 2% higher QoQ, and 5% higher YoY. Our last twelve months (LTM) compensation ratio4 in 2Q26 was 23.2%. Also, our LTM efficiency ratio5 reached 34.3% in 2Q26. Earnings Before Taxes EBT was R$1,565 million in 2Q26, growing 10% QoQ and up 15% YoY. The EBT margin was 32.0%, 209 bps up quarter-over-quarter and 172 bps up YoY. Adjusted Net Income and Adjusted EPS1 In 2Q26, Adjusted Net Income reached R$1.4 billion, up 5% both quarter over quarter and year over year. Adjusted Basic EPS was R$2.71, 7% higher QoQ and 8% up YoY. Adjusted Diluted EPS was R$2.67 for the quarter, 7% up QoQ and 9% higher YoY. Adjusted ROTE1,6 and Adjusted ROAE1,7 In 2Q26 our Adjusted Return on Equity (ROAE) reached 22.5%, while return on tangible equity (ROTE) was 27.2%. Both metrics were up this quarter as we posted a slightly lower BIS ratio. Capital Management8 In 2Q26 our BIS Ratio was 20.3%, 39 bps lower QoQ and 15 bps higher YoY, while our total RWA was R$126.6 billion, with a 4% increase QoQ and 26% increase YoY. Our CET1 ratio remains at a comfortable level of 17.1%. During the first half of the year, we continued executing share repurchases, totaling approximately R$1 billion. With that, we closed the previous buyback program, but we still have another open program of R$1 billion, which we continue to execute strategically. We are comfortable bringing our BIS ratio to our target range of 16% to 19% toward the end of the year through capital distributions, while still maintaining a comfortable capital buffer. Other Information Webcast and Conference Call Information The Company will host a webcast to discuss its second quarter financial results on Monday, August 17th, 2026, at 5:00 pm ET (6:00 pm BRT). To participate in the earnings webcast please subscribe at 2Q26 Earnings Web Meeting. The replay will be available on XP’s investor relations website at https://investors.xpinc.com/ Important Disclosure In reviewing the information contained in this release, you are agreeing to abide by the terms of this disclaimer. This information is being made available to each recipient solely for its information and is subject to amendment. This release is prepared by XP Inc. (the "Company," "we" or "our"), is solely for informational purposes. This release does not constitute a prospectus and does not constitute an offer to sell or the solicitation of an offer to buy any securities. In addition, this document and any materials distributed in connection with this release are not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. This release was prepared by the Company. Neither the Company nor any of its affiliates, officers, employees or agents, make any representation or warranty, express or implied, in relation to the fairness, reasonableness, adequacy, accuracy or completeness of the information, statements or opinions, whichever their source, contained in this release or any oral information provided in connection herewith, or any data it generates and accept no responsibility, obligation or liability (whether direct or indirect, in contract, tort or otherwise) in relation to any of such information. The information and opinions contained in this release are provided as at the date of this release, are subject to change without notice and do not purport to contain all information that may be required to evaluate the Company. The information in this release is in draft form and has not been independently verified. The Company and its affiliates, officers, employees and agents expressly disclaim any and all liability which may be based on this release and any errors therein or omissions therefrom. Neither the Company nor any of its affiliates, officers, employees or agents makes any representation or warranty, express or implied, as to the achievement or reasonableness of future projections, management targets, estimates, prospects or returns, if any. The information contained in this release does not purport to be comprehensive and has not been subject to any independent audit or review. Certain of the financial information as of and for the periods ended of December 31, 2021 and December 31, 2020, 2019, 2018 and 2017 has been derived from audited financial statements and all other financial information has been derived from unaudited interim financial statements. A significant portion of the information contained in this release is based on estimates or expectations of the Company, and there can be no assurance that these estimates or expectations are or will prove to be accurate. The Company’s internal estimates have not been verified by an external expert, and the Company cannot guarantee that a third party using different methods to assemble, analyze or compute market information and data would obtain or generate the same results. Statements in the release, including those regarding the possible or assumed future or other performance of the Company or its industry or other trend projections, constitute forward-looking statements. These statements are generally identified by the use of words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" and "potential," among others. By their nature, forward-looking statements are necessarily subject to a high degree of uncertainty and involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside the control of the Company. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements and there can be no assurance that such forward-looking statements will prove to be correct. These risks and uncertainties include factors relating to: (1) general economic, financial, political, demographic and business conditions in Brazil, as well as any other countries we may serve in the future and their impact on our business; (2) fluctuations in interest, inflation and exchange rates in Brazil and any other countries we may serve in the future; (3) competition in the financial services industry; (4) our ability to implement our business strategy; (5) our ability to adapt to the rapid pace of technological changes in the financial services industry; (6) the reliability, performance, functionality and quality of our products and services and the investment performance of investment funds managed by third parties or by our asset managers; (7) the availability of government authorizations on terms and conditions and within periods acceptable to us; (8) our ability to continue attracting and retaining new appropriately-skilled employees; (9) our capitalization and level of indebtedness; (10) the interests of our controlling shareholders; (11) changes in government regulations applicable to the financial services industry in Brazil and elsewhere; (12) our ability to compete and conduct our business in the future; (13) the success of operating initiatives, including advertising and promotional efforts and new product, service and concept development by us and our competitors; (14) changes in consumer demands regarding financial products, customer experience related to investments and technological advances, and our ability to innovate to respond to such changes; (15) changes in labor, distribution and other operating costs; (16) our compliance with, and changes to, government laws, regulations and tax matters that currently apply to us; (17) other factors that may affect our financial condition, liquidity and results of operations. Accordingly, you should not place undue reliance on forward-looking statements. The forward-looking statements included herein speak only as at the date of this release and the Company does not undertake any obligation to update these forward-looking statements. Past performance does not guarantee or predict future performance. Moreover, the Company and its affiliates, officers, employees and agents do not undertake any obligation to review, update or confirm expectations or estimates or to release any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of the release. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented and we do not intend to update any of these forward-looking statements. Market data and industry information used throughout this release are based on management’s knowledge of the industry and the good faith estimates of management. The Company also relied, to the extent available, upon management’s review of industry surveys and publications and other publicly available information prepared by a number of third-party sources. All of the market data and industry information used in this release involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Although the Company believes that these sources are reliable, there can be no assurance as to the accuracy or completeness of this information, and the Company has not independently verified this information. The contents hereof should not be construed as investment, legal, tax or other advice and you should consult your own advisers as to legal, business, tax and other related matters concerning an investment in the Company. The Company is not acting on your behalf and does not regard you as a customer or a client. It will not be responsible to you for providing protections afforded to clients or for advising you on the relevant transaction. This release includes Adjustments to Reported Net Income, which is non-GAAP financial information. We believe that such information is meaningful and useful in understanding the activities and business metrics of the Company’s operations. We also believe that these non-GAAP financial measures reflect an additional way of viewing aspects of the Company’s business that, when viewed with our International Financial Reporting Standards ("IFRS") results, as issued by the International Accounting Standards Board, provide a more complete understanding of factors and trends affecting the Company’s business. Further, investors regularly rely on non-GAAP financial measures to assess operating performance and such measures may highlight trends in the Company’s business that may not otherwise be apparent when relying on financial measures calculated in accordance with IFRS. We also believe that certain non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of public companies in the Company’s industry, many of which present these measures when reporting their results. The non-GAAP financial information is presented for informational purposes and to enhance understanding of the IFRS financial statements. The non-GAAP measures should be considered in addition to results prepared in accordance with IFRS, but not as a substitute for, or superior to, IFRS results. As other companies may determine or calculate this non-GAAP financial information differently, the usefulness of these measures for comparative purposes is limited. A reconciliation of such non-GAAP financial measures to the nearest GAAP measure is included in this release. For purposes of this release: "Active Clients" means the total number of retail clients served through our XP Investimentos, Rico, Clear, XP Investments and XP Private (Europe) brands, with Client Assets above R$100.00 or that have transacted at least once in the last thirty days. For purposes of calculating this metric, if a client holds an account in more than one of the aforementioned entities, such client will be counted as one "active client" for each such account. For example, if a client holds an account in each of XP Investimentos and Rico, such client will count as two "active clients" for purposes of this metric. "Client Assets" means the market value of all client assets invested through XP’s platform and that is related to reported Retail Revenue, including equities, fixed income securities, mutual funds (including those managed by XP Gestão de Recursos Ltda., XP Advisory Gestão de Recursos Ltda. and XP Vista Asset Management Ltda., as well as by third-party asset managers), pension funds (including those from XP Vida e Previdência S.A., as well as by third-party insurance companies), exchange traded funds, COEs (Structured Notes), REITs, and uninvested cash balances (Float Balances), among others. Although Client Assets includes custody from Corporate Clients that generate Retail Revenue, it does not include custody from institutional clients (asset managers, pension funds and insurance companies). Rounding We have made rounding adjustments to some of the figures included in this release. Accordingly, numerical figures shown as totals in some tables may not be an arithmetic aggregation of the figures that preceded them. View source version on businesswire.com: https://www.businesswire.com/news/home/20260817593369/en/ Contacts Investor Relations Contact [email protected]

Interested in XP Inc.? Here are five stocks we like better. XP reported solid Q2 growth: Gross revenue rose 8% year over year to BRL 5.1 billion, adjusted earnings before taxes increased 15% to BRL 1.6 billion, and adjusted net income grew 5% to BRL 1.4 billion. Results were supported by equities, fund-platform fees and corporate banking, despite credit-market volatility and weaker debt issuance. Client assets and wholesale banking expanded: Combined client assets reached BRL 2.2 trillion, up 17% year over year, with BRL 28 billion in total net new money. Wholesale revenue climbed 32%, led by 117% growth in corporate banking, while XP continued expanding wealth-planning and small-business offerings. XP expects continued investment and shareholder returns: The company plans to launch an AI advisor, increase technology spending and maintain a broadly flat full-year efficiency ratio. It expects 2026 capital distributions to exceed 50% of earnings through dividends and buybacks, including an additional BRL 1 billion repurchase authorization. 3 Stocks Set to Double—And There's Still Time to Buy XP (NASDAQ:XP) reported second-quarter 2026 gross revenue of BRL 5.1 billion, up 8% from a year earlier, as growth in equities, fund-platform fees and corporate banking partly offset pressure from credit-market volatility and weaker primary debt offerings. Adjusted earnings before taxes rose 15% year over year to BRL 1.6 billion, while adjusted net income increased 5% to BRL 1.4 billion. Adjusted diluted earnings per share grew about 9%, aided by the company’s share repurchase program. Return on equity rose 80 basis points sequentially to 22.5%, and XP ended the quarter with a Basel capital ratio of 20.3%. → Applied Materials Beat Everything but Wall Street’s Expectations for Margins 5 High-Yielding Oversold Stocks with Bullish Ratings CEO Thiago Maffra said geopolitical tensions and residual market volatility continued to affect results, particularly through wider credit spreads and fewer primary debt capital markets offerings. He said the company would have delivered double-digit revenue growth, in the low-teens range, without those effects. “Despite the market volatility we faced in the first half of the year, our core businesses continued to perform well with resilient underlying momentum,” Maffra said. He added that the company began to see market normalization toward the end of the quarter and a gradual recovery in its fixed-income pipeline. → Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing Analysts Recommend These Stocks To Cushion The Automotive Slump Combined client assets, including assets under management and assets under administration, reached approximately BRL 2.2 trillion, rising 17% year over year. Retail net new money totaled BRL 20 billion in the quarter, meeting XP’s internal target, while corporate and institutional net inflows were BRL 8 billion. Total net new money was BRL 28 billion. The company ended the quarter with 4.8 million active clients, up 1% from a year earlier, and 184,000 advisors, also up 1%. Its net promoter score was 66 points, which Maffra said reflected a continuing recovery from one-time events that affected client satisfaction in prior quarters. → AirJoule Technologies: Short Squeeze Setup Amid Rising Risks XP said it is expanding beyond product distribution toward a broader wealth-planning model that includes financial, tax and succession planning. More than 26% of client assets are now under fee-based arrangements, according to Maffra. The company is also broadening offshore investment capabilities and launching products including ETFs and managed portfolios. Retail revenue totaled BRL 3.9 billion, up 8% year over year and 3% sequentially. CFO Gustavo Alejo said that excluding mark-to-market effects tied to fixed-income corporate credit, retail revenue would have grown 15% in the first half of 2026 compared with the same period a year earlier. Equities revenue rose 11% year over year to nearly BRL 1.1 billion, despite lower average daily trading volume in equities and futures. Sequentially, equities revenue fell 2%, while average daily trading volume declined about 8%. Fund-platform revenue increased 23% year over year and 7% from the prior quarter, aided by the booking of management and performance fees. New verticals and other retail revenue streams, including float, the international platform and foreign exchange, also contributed to growth. During the question-and-answer session, Maffra said fixed-income revenue was affected by a sharp shift in client demand toward short-duration, daily-liquidity products. He said roughly 70% of fixed-income platform sales were in daily-liquidity products, compared with about 30% three or four quarters earlier. Such products generate lower daily accrual revenue than longer-duration corporate bonds, he said. Maffra also said the company faced roughly BRL 420 million of mark-to-market impact during the first half, including less than BRL 300 million in the first quarter and approximately BRL 100 million to BRL 160 million in the second quarter. XP reduced the size of its relevant trading books during the first half, though Maffra said the company would remain exposed to some mark-to-market movements because maintaining such books is part of its business. Wholesale banking revenue, including corporate issuer services and institutional revenue, increased 32% year over year and 3% sequentially. The corporate segment posted revenue growth of 117% from a year earlier and 22% from the first quarter, supported by cross-selling of derivatives, foreign exchange and credit solutions. However, issuer services were pressured by a reduced number of fixed-income offerings, particularly tax-exempt instruments, amid lower investor risk appetite. Maffra said debt capital markets activity in the third quarter was improving from the second quarter but remained softer than recent periods and below the record volumes seen in 2025. The company said it expects corporate revenue to remain strong in the third quarter. Maffra characterized current corporate-business activity as a level XP expects to be sustainable over time, while emphasizing that the company would maintain conservative credit standards. XP is also preparing to expand its offering for small and medium-sized businesses. Maffra said a platform for small businesses, including cards, payment acquiring and collateralized credit products, is scheduled to go live Sept. 1. The company recently announced a partnership for a point-of-sale device and a credit card aimed at the segment. For small-business lending, Maffra said XP intends to focus primarily on collateralized credit, including credit backed by card receivables and other receivables, as well as certain government-related programs. “We are going to go step by step,” he said. XP’s selling, general and administrative expenses were BRL 1.6 billion, rising 5% year over year and 2% sequentially. Its trailing-12-month efficiency ratio was 34.3%, up 30 basis points from a year earlier but down roughly 30 basis points sequentially. Alejo said XP continues to target a broadly flat efficiency ratio for the full year, although expenses are expected to rise in nominal terms in the second half due to seasonal items such as bonus provisions and the company’s EXPERT event. Maffra said technology spending is increasing, particularly on artificial intelligence, servers and cloud infrastructure. The company expects to launch an AI advisor for digital retail clients around late August or early September. Maffra said XP expects client growth in that segment to accelerate in 2027 as its product offering becomes more comprehensive. On capital management, XP had completed BRL 1 billion under a prior repurchase authorization as of the end of June and still had another BRL 1 billion buyback program open. Including approximately BRL 500 million in dividends paid in June, XP had announced nearly BRL 2.5 billion in capital distributions during 2026. The company also plans to cancel approximately 11.8 million treasury shares, representing about 2.3% of shares outstanding. Maffra said XP is comfortable reducing its Basel ratio toward its 16% to 19% target range and expects capital distributions for the year to exceed 50% of earnings, with the mix between dividends and repurchases depending in part on the share price. XP Inc provides financial products and services in Brazil. It offers securities brokerage, private pension plans, commercial, and investment banking products, such as loan operations and transactions in the foreign exchange markets and deposits; product structuring and capital markets services for corporate clients and issuers of fixed income products; advisory services for mass-affluent and institutional clients; and wealth management services for high-net-worth customers and institutional clients. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "XP Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

XP Inc.A (XP) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.92%. A quarter ago, it was expected that this company would post earnings of $0.48 per share when it actually produced earnings of $0.47, delivering a surprise of -2.08%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. XP Inc.A, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $966.45 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.03%. This compares to year-ago revenues of $786.31 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. XP Inc.A shares have lost about 3.4% since the beginning of the year versus the S&P 500's gain of 13.7%. While XP Inc.A has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for XP Inc.A was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.53 on $999.94 million in revenues for the coming quarter and $2.11 on $3.95 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, IREN Limited (IREN), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 27. This company is expected to post quarterly loss of $0.80 per share in its upcoming report, which represents a year-over-year change of -1100%. The consensus EPS estimate for the quarter has been revised 65.1% lower over the last 30 days to the current level. IREN Limited's revenues are expected to be $138.89 million, down 25.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report XP Inc. (XP) : Free Stock Analysis Report IREN Limited (IREN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects Webull Corporation (BULL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 19, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +102.7%. Revenues are expected to be $175 million, up 33.1% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Webull Corporation, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -100.00%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Webull Corporation will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Webull Corporation would post earnings of $0.03 per share when it actually produced earnings of $0.02, delivering a surprise of -33.33%. Over the last four quarters, the company has beaten consensus EPS estimates just once. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Webull Corporation doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. XP Inc.A (XP), another stock in the Zacks Financial - Miscellaneous Services industry, is expected to report earnings per share of $0.51 for the quarter ended June 2026. This estimate points to a year-over-year change of +18.6%. Revenues for the quarter are expected to be $976.54 million, up 24.2% from the year-ago quarter. The consensus EPS estimate for XP Inc.A has remained unchanged over the last 30 days. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +5.20%. This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that XP Inc.A will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Webull Corporation (BULL) : Free Stock Analysis Report XP Inc. (XP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Vinci Compass Investments (VINP) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -17.39%. A quarter ago, it was expected that this investments platform would post earnings of $0.21 per share when it actually produced earnings of $0.17, delivering a surprise of -19.05%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Vinci Compass, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $55.36 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.23%. This compares to year-ago revenues of $42.55 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Vinci Compass shares have lost about 23.2% since the beginning of the year versus the S&P 500's gain of 13.3%. While Vinci Compass has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Vinci Compass was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.24 on $57.95 million in revenues for the coming quarter and $0.90 on $229.68 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, XP Inc.A (XP), has yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of +18.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. XP Inc.A's revenues are expected to be $976.54 million, up 24.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vinci Compass Investments Ltd. (VINP) : Free Stock Analysis Report XP Inc. (XP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Wall Street expects a year-over-year increase in earnings on higher revenues when XP Inc.A (XP) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This company is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of +18.6%. Revenues are expected to be $976.54 million, up 24.2% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For XP Inc.A, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +5.20%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination indicates that XP Inc.A will most likely beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that XP Inc.A would post earnings of $0.48 per share when it actually produced earnings of $0.47, delivering a surprise of -2.08%. Over the last four quarters, the company has beaten consensus EPS estimates just once. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. XP Inc.A appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Qfin Holdings Inc. - Sponsored ADR (QFIN), another stock in the Zacks Financial - Miscellaneous Services industry, is expected to report earnings per share of $0.99 for the quarter ended June 2026. This estimate points to a year-over-year change of -44.4%. Revenues for the quarter are expected to be $520.01 million, down 28.6% from the year-ago quarter. The consensus EPS estimate for Qfin Holdings Inc. - Sponsored ADR has been revised 0.5% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +5.58%. This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that Qfin Holdings Inc. - Sponsored ADR will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report XP Inc. (XP) : Free Stock Analysis Report Qfin Holdings Inc. - Sponsored ADR (QFIN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research