XP Inc
NASDAQ:XP
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XP Inc
NASDAQ:XP
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Cokal Ltd
ASX:CKA
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Earnings Calls
Last Earnings Call
Revenue: XP reported gross revenue of BRL 5.1 billion, up 8% year over year, but management said market volatility and wider credit spreads held back an otherwise stronger result.
Core momentum: Excluding mark-to-market effects, retail revenue would have grown 15% in the first half of 2026, and management said the underlying businesses remained resilient.
Corporate strength: The Wholesale Bank continued to stand out, with corporate revenue up 117% year over year, and management said this is now a normal part of the future growth profile.
Capital return: XP returned about BRL 2.5 billion in capital already announced in 2026 and said shareholders should expect more buybacks or dividends through the year.
Outlook: Management expects higher revenue in the second half from volatility-sensitive businesses, but still sees DCM and fixed income primary markets recovering only gradually.
Strategy: XP doubled down on its plan to become a more complete financial ecosystem for individuals and businesses, including SMB products, AI tools, and broader wealth planning.