XP 2Q26 results show R$1.5T client assets, strong inflows, ongoing buybacks
Aug 17, 2026, 4:07 PM EDT2 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The report confirms durable AUM growth, steady inflows, and meaningful buybacks, all of which improve profitability and reduce equity risk. Similar past outcomes in financial platforms show that elevated assets and buybacks often compress multiples and lift cash-flow-based valuations.
AI summary
What happened, with direct paths to the underlying reporting
XP reported 2Q26 results with Client Assets of about R$1.5 trillion, up 12% YoY. Net inflows reached R$28 billion (Retail R$20B), while Active Clients rose to 4.8 million and Advisors to 18.4k. Revenue and profitability improved, with Net Revenue of R$4,884 million and Net Income of R$1,384 million; BIS ratio at 20.3% and CET1 at 17.1%, as XP continues a R$1B buyback program alongside guidance to reach a BIS target range by year-end.
Client Assets reach R$1.5T in 2Q26, up 12% YoY.
Net Inflows of R$28B; Retail Net Inflow R$20B, +28% YoY.
Active Clients 4.8M; Advisors 18.4k; Retail DAT 2.4M.
EBT margin 32.0%; Adjusted ROAE 22.5%;EPS 2.67–2.71; BIS 20.3%.
Buybacks: ~R$1B completed; open program of R$1B; end-year BIS target 16–19%.
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