XP Inc. Reports Second Quarter 2023 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 second 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\n2Q23\n\n\n\n\n\n\n2Q22\n\n\n\n\n\n\nYoY\n\n\n\n\n\n\n1Q23\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\n1,024\n\n\n\n\n\n\n846\n\n\n\n\n\n\n21%\n\n\n\n\n\n\n954\n\n\n\n\n\n\n7%\n\n\n\n\n\n\n\n\nTotal Net Inflow (in R$ bn)\n\n\n\n\n\n\n\n22\n\n\n\n\n\n\n43\n\n\n\n\n\n\n-49%\n\n\n\n\n\n\n16\n\n\n\n\n\n\n36%\n\n\n\n\n\n\n\n\nAnnualized Retail Take Rate\n\n\n\n\n\n\n\n1.30%\n\n\n\n\n\n\n1.40%\n\n\n\n\n\n\n-10 bps\n\n\n\n\n\n\n1.21%\n\n\n\n\n\n\n9 bps\n\n\n\n\n\n\n\n\nActive clients (in '000s)\n\n\n\n\n\n\n\n4,013\n\n\n\n\n\n\n3,629\n\n\n\n\n\n\n11%\n\n\n\n\n\n\n3,966\n\n\n\n\n\n\n1%\n\n\n\n\n\n\n\n\nHeadcount (EoP)\n\n\n\n\n\n\n\n6,002\n\n\n\n\n\n\n6,339\n\n\n\n\n\n\n-5%\n\n\n\n\n\n\n6,146\n\n\n\n\n\n\n-2%\n\n\n\n\n\n\n\n\nIFAs (in '000s)\n\n\n\n\n\n\n\n14.1\n\n\n\n\n\n\n11.3\n\n\n\n\n\n\n25%\n\n\n\n\n\n\n13.0\n\n\n\n\n\n\n9%\n\n\n\n\n\n\n\n\nRetail DATs (in mn)\n\n\n\n\n\n\n\n2.2\n\n\n\n\n\n\n2.3\n\n\n\n\n\n\n-4%\n\n\n\n\n\n\n2.4\n\n\n\n\n\n\n-8%\n\n\n\n\n\n\n\n\nRetirement Plans Client Assets (in R$ bn)\n\n\n\n\n\n\n\n64\n\n\n\n\n\n\n54\n\n\n\n\n\n\n18%\n\n\n\n\n\n\n62\n\n\n\n\n\n\n4%\n\n\n\n\n\n\n\n\nCards TPV (in R$ bn)\n\n\n\n\n\n\n\n9.7\n\n\n\n\n\n\n5.5\n\n\n\n\n\n\n77%\n\n\n\n\n\n\n8.6\n\n\n\n\n\n\n13%\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\n17.9\n\n\n\n\n\n\n12.9\n\n\n\n\n\n\n38%\n\n\n\n\n\n\n17.5\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\n2Q23\n\n\n\n\n\n\n2Q22\n\n\n\n\n\n\nYoY\n\n\n\n\n\n\n1Q23\n\n\n\n\n\n\nQoQ\n\n\n\n\n\n\n\n\nGross revenue\n\n\n\n\n\n\n\n3,728\n\n\n\n\n\n\n3,618\n\n\n\n\n\n\n3%\n\n\n\n\n\n\n3,326\n\n\n\n\n\n\n12%\n\n\n\n\n\n\n\n\nRetail\n\n\n\n\n\n\n\n2,892\n\n\n\n\n\n\n2,673\n\n\n\n\n\n\n8%\n\n\n\n\n\n\n2,569\n\n\n\n\n\n\n13%\n\n\n\n\n\n\n\n\nInstitutional\n\n\n\n\n\n\n\n385\n\n\n\n\n\n\n436\n\n\n\n\n\n\n-12%\n\n\n\n\n\n\n332\n\n\n\n\n\n\n16%\n\n\n\n\n\n\n\n\nCorpo...

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