XP Inc. Reports Second Quarter 2024 Results

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[{"type":"text","content":" SÃO PAULO--(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 2024.\n\n\nSummary\n\n\n\n\nOperating Metrics (unaudited)\n\n\n\n\n\n\n2Q24\n\n\n\n\n\n\n2Q23\n\n\n\n\n\n\nYoY\n\n\n\n\n\n\n1Q24\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\n1,167\n\n\n\n\n\n\n1,024\n\n\n\n\n\n\n14%\n\n\n\n\n\n\n1,141\n\n\n\n\n\n\n2%\n\n\n\n\n\n\n\n\nTotal Net Inflow (in R$ bn)\n\n\n\n\n\n\n32\n\n\n\n\n\n\n22\n\n\n\n\n\n\n44%\n\n\n\n\n\n\n15\n\n\n\n\n\n\n119%\n\n\n\n\n\n\n\n\nAnnualized Retail Take Rate\n\n\n\n\n\n\n1.29%\n\n\n\n\n\n\n1.30%\n\n\n\n\n\n\n-1 bps\n\n\n\n\n\n\n1.24%\n\n\n\n\n\n\n5 bps\n\n\n\n\n\n\n\n\nActive Clients (in '000s)\n\n\n\n\n\n\n4,626\n\n\n\n\n\n\n4,013\n\n\n\n\n\n\n15%\n\n\n\n\n\n\n4,587\n\n\n\n\n\n\n1%\n\n\n\n\n\n\n\n\nHeadcount (EoP)\n\n\n\n\n\n\n6,834\n\n\n\n\n\n\n6,002\n\n\n\n\n\n\n14%\n\n\n\n\n\n\n6,579\n\n\n\n\n\n\n4%\n\n\n\n\n\n\n\n\nTotal Advisors (in '000s)\n\n\n\n\n\n\n18.3\n\n\n\n\n\n\n16.5\n\n\n\n\n\n\n11%\n\n\n\n\n\n\n17.7\n\n\n\n\n\n\n3%\n\n\n\n\n\n\n\n\nRetail DATs (in mn)\n\n\n\n\n\n\n2.4\n\n\n\n\n\n\n2.2\n\n\n\n\n\n\n10%\n\n\n\n\n\n\n2.2\n\n\n\n\n\n\n12%\n\n\n\n\n\n\n\n\nRetirement Plans Client Assets (in R$ bn)\n\n\n\n\n\n\n75\n\n\n\n\n\n\n64\n\n\n\n\n\n\n17%\n\n\n\n\n\n\n73\n\n\n\n\n\n\n3%\n\n\n\n\n\n\n\n\nCards TPV (in R$ bn)\n\n\n\n\n\n\n11.5\n\n\n\n\n\n\n9.7\n\n\n\n\n\n\n19%\n\n\n\n\n\n\n11.3\n\n\n\n\n\n\n2%\n\n\n\n\n\n\n\n\nCredit Portfolio (in R$ bn)\n\n\n\n\n\n\n19.3\n\n\n\n\n\n\n17.9\n\n\n\n\n\n\n8%\n\n\n\n\n\n\n22.5\n\n\n\n\n\n\n-14%\n\n\n\n\n\n\n\n\nGross Written Premiums (in R$ mn)\n\n\n\n\n\n\n307\n\n\n\n\n\n\n202\n\n\n\n\n\n\n52%\n\n\n\n\n\n\n229\n\n\n\n\n\n\n34%\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\n2Q24\n\n\n\n\n\n\n2Q23\n\n\n\n\n\n\nYoY\n\n\n\n\n\n\n1Q24\n\n\n\n\n\n\nQoQ\n\n\n\n\n\n\n\n\nGross revenue\n\n\n\n\n\n\n4,503\n\n\n\n\n\n\n3,728\n\n\n\n\n\n\n21%\n\n\n\n\n\n\n4,270\n\n\n\n\n\n\n5%\n\n\n\n\n\n\n\n\nRetail\n\n\n\n\n\n\n3,294\n\n\n\n\n\n\n2,892\n\n\n\n\n\n\n14%\n\n\n\n\n\n\n3,131\n\n\n\n\n\n\n5%\n\n\n\n\n\n\n\n\nInstitutional\n\n\n\n\n\n\n346\n\n\n\n\n\n\n385\n\n...

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