XP Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2020
February 23, 2021 at 04:05 pm EST
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XP Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2020. For the quarter, the company reported net revenue was BRL 2,395 million compared to BRL 1,691 million a year ago. EBIT was BRL 668 million compared to BRL 569 million a year ago. Net Income was BRL 602 million compared to BRL 390 million a year ago.
For the full year, the company reported net revenue was BRL 8,711 million compared to BRL 5,518 million a year ago. EBIT was BRL 2,473 million compared to BRL 1,629 million a year ago. Net Income was BRL 2,081 million compared to BRL 1,089 million a year ago.
XP Inc. is a Cayman Islands-based holding company. The Company owns technological platforms for investments, financial services and education, in addition to media and content platforms, including brands, such as XP, Rico, Clear, Infomoney, XPeed and IM+. It distributes a range of financial products and services, such as financial education and digital content platform, financial advisory services and open financial product platform. Xpeed is a financial education platform in Brazil, which offers courses, MBAs and learning tools, as well as a range of digital content. It advises and supports its customers in a range of activities related to the financial universe, such as advisory services for institutional clients, private banking for high income clients, international financial services, structuring and issuance of financial products for corporate clients and issuers. It offers an open financial product platform to its clients, encompassing both proprietary and partnership products.
XP INC. 
