XP stock reports 8 percent revenue growth after 30.93 percent rally

Published on 10/06/2026 at 09:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

XP stock was last at USD 28.15 on October 5 after a 30.93 percent gain. Q2 net income reached BRL 1.4 billion, while the analyst average target is USD 23.50.

XP, KYG982391099, Illustration mit AI erstellt.

XP Inc (ISIN KYG982391099) was last at USD 28.15 on Nasdaq on October 5, 2026, after gaining 30.93 percent from the previous session. The move followed a fresh political catalyst in Brazil, while the company's Q2 2026 figures provide the operating backdrop for the rally.

Q2 revenue rises 8 percent

According to ScanX in its September 18, 2026 report, XP's Q2 2026 gross revenue increased 8 percent year over year to BRL 5.1 billion. Net income rose 5 percent to BRL 1.4 billion, while adjusted earnings before taxes grew 15 percent to BRL 1.6 billion.

The strongest operating contrast came from wholesale banking. Revenue in that segment increased 32 percent year over year, and corporate revenue climbed 117 percent, compared with 8 percent growth in retail revenue, according to ScanX.

Election adds a market catalyst

IBTimes Australia reported on October 6, 2026 that XP shares rallied after Flavio Bolsonaro led Brazil's first election round and advanced to an October 25 runoff. The report linked the move to expectations that a more fiscally disciplined policy direction could support Brazilian financial markets.

That explanation matters because XP generates most of its revenue in Brazil and depends on investment flows, trading activity and demand for financial products. The election result therefore connects the share-price reaction to a business model that is sensitive to market confidence and interest-rate expectations.

Targets trail the latest price

According to MarketBeat on September 30, 2026, six analysts rated XP Moderate Buy, with four Buy ratings and two Holds. The average 12-month target was USD 23.50, which is USD 4.65 below the October 5 price of USD 28.15.

The freshest named analyst action was more constructive. Markets Insider reported on October 5, 2026 that Itau BBA upgraded XP from Market Perform to Outperform and set a USD 27 price target. The target remains USD 1.15 below the latest Nasdaq price, leaving the election-driven move ahead of both the consensus average and that individual target.

XP stock stands near its yearly high

XP stock was last at USD 28.15 on Nasdaq at 4:00 p.m. ET on October 5, 2026. The session volume was 47,829,489 shares, market capitalization was USD 14.7 billion, and the finance quote showed a 52-week range of USD 14.80 to USD 29.00.