XP Inc. Reports First Quarter 2023 Financial Results

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[{"type":"text","content":" SÃO PAULO, Brazil--(BUSINESS WIRE)--\nXP 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 first quarter of 2023.\n\n\nSummary\n\n\n\n\nOperating Metrics (unaudited)\n\n\n\n\n\n\n \n\n\n\n\n\n\n1Q23\n\n\n\n\n\n\n1Q22\n\n\n\n\n\n\nYoY\n\n\n\n\n\n\n4Q22\n\n\n\n\n\n\nQoQ\n\n\n\n\n\n\n\n\nTotal Client Assets (in R$ bn)\n\n\n\n\n\n\n\n954\n\n\n\n\n\n\n873\n\n\n\n\n\n\n9%\n\n\n\n\n\n\n946\n\n\n\n\n\n\n1%\n\n\n\n\n\n\n\n\nTotal Net Inflow (in R$ bn)\n\n\n\n\n\n\n\n16\n\n\n\n\n\n\n46\n\n\n\n\n\n\n-65%\n\n\n\n\n\n\n31\n\n\n\n\n\n\n-48%\n\n\n\n\n\n\n\n\nAnnualized Retail Take Rate\n\n\n\n\n\n\n\n1.21%\n\n\n\n\n\n\n1.23%\n\n\n\n\n\n\n-2 bps\n\n\n\n\n\n\n1.22%\n\n\n\n\n\n\n-1 bps\n\n\n\n\n\n\n\n\nActive clients (in '000s)\n\n\n\n\n\n\n\n3,966\n\n\n\n\n\n\n3,504\n\n\n\n\n\n\n13%\n\n\n\n\n\n\n3,877\n\n\n\n\n\n\n2%\n\n\n\n\n\n\n\n\nHeadcount (EoP)\n\n\n\n\n\n\n\n6,146\n\n\n\n\n\n\n6,323\n\n\n\n\n\n\n-3%\n\n\n\n\n\n\n6,928\n\n\n\n\n\n\n-11%\n\n\n\n\n\n\n\n\nIFAs (in '000s)\n\n\n\n\n\n\n\n13.0\n\n\n\n\n\n\n10.7\n\n\n\n\n\n\n21%\n\n\n\n\n\n\n12.3\n\n\n\n\n\n\n6%\n\n\n\n\n\n\n\n\nRetail DATs (in mn)\n\n\n\n\n\n\n\n2.4\n\n\n\n\n\n\n2.3\n\n\n\n\n\n\n2%\n\n\n\n\n\n\n2.7\n\n\n\n\n\n\n-12%\n\n\n\n\n\n\n\n\nRetirement Plans Client Assets (in R$ bn)\n\n\n\n\n\n\n\n62\n\n\n\n\n\n\n50\n\n\n\n\n\n\n23%\n\n\n\n\n\n\n61\n\n\n\n\n\n\n2%\n\n\n\n\n\n\n\n\nCard's TPV (in R$ bn)\n\n\n\n\n\n\n\n8.6\n\n\n\n\n\n\n4.5\n\n\n\n\n\n\n90%\n\n\n\n\n\n\n8.2\n\n\n\n\n\n\n4%\n\n\n\n\n\n\n\n\nCredit Portfolio (in R$ bn)\n\n\n\n\n\n\n \n\n\n\n\n\n\n17.5\n\n\n\n\n\n\n11.5\n\n\n\n\n\n\n52%\n\n\n\n\n\n\n17.1\n\n\n\n\n\n\n2%\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nFinancial Metrics (in R$ mn)\n\n\n\n\n\n\n \n\n\n\n\n\n\n1Q23\n\n\n\n\n\n\n1Q22\n\n\n\n\n\n\nYoY\n\n\n\n\n\n\n4Q22\n\n\n\n\n\n\nQoQ\n\n\n\n\n\n\n\n\nGross revenue\n\n\n\n\n\n\n\n3,326\n\n\n\n\n\n\n3,270\n\n\n\n\n\n\n2%\n\n\n\n\n\n\n3,337\n\n\n\n\n\n\n0%\n\n\n\n\n\n\n\n\nRetail\n\n\n\n\n\n\n\n2,569\n\n\n\n\n\n\n2,307\n\n\n\n\n\n\n11%\n\n\n\n\n\n\n2,549\n\n\n\n\n\n\n1%\n\n\n\n\n\n\n\n\nInstitutional\n\n\n\n\n\n\n\n332\n\n\n\n\n\n\n548\n\n\n\n\n\n\n-39%\n\n\n\n\n\n\n357\n\n\n\n\n\n\n-7%\n\n\n\n\n\n\n\n\nCorporat...

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