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XP Inc. (NASDAQ:XP) Q3 2024 Earnings Convention Name November 19, 2024 5:00 PM ET
Firm Contributors
Andre Parize – Head, IRThiago Maffra – CEOVictor Mansur – CFO
Convention Name Contributors
Thiago Batista – UBSEduardo Rosman – BTGYuri Fernandes – JPMorganMario Pierry – Financial institution of AmericaTito Labarta – Goldman SachsNeha Agarwala – HSBCDaniel Vaz – SafraAndrew Geraghty – Morgan StanleyHenrique Navarro – Banco Santander
Thiago Maffra
[Abrupt Start]
…posting a 12% enhance year-over-year. As we’ll see through the presentation, it is essential to say that it was one other constant quarter relating to web inflows, aligned with our levers and our capability to adapt turning into extra related in fixed-income within the present state of affairs. We additionally elevated our complete variety of advisors, reaching 18,400, rising 9% year-over-year, and continued to broaden our lively shopper base marking BRL4.7 million, growing 6% year-over-year.
In the course of the 9 months 2024, gross revenues grew 17% year-over-year, reaching BRL13.3 billion. Our EBT posted 25% development year-over-year, delivering BRL3.7 billion. Our web revenue reached BRL3.3 billion, increasing 17% year-over-year, and it was the very best in our historical past within the quarter at nearly BRL1.2 billion with 27.5% margin. This set of outcomes point out that we’re on the proper tempo to fulfill the 2026 steerage launched within the final 12 months’s Investor Day. We are going to go into extra particulars on the financials afterward.
Going to stability sheet and profitability. We ended the quarter with an ROTE of 28.4%, a rise of 258 bps year-over-year. Our managerial BIS ratio was 21.5%, and the EPS was BRL2.18 per share, the all-time excessive in our historical past.
On the fitting, you’ll be able to see that EPS for the reason that IPO grew nearly 4 occasions, reaching BRL7.93 within the final 12 months. Right now, we additionally introduced an additional payout of BRL3 billion, considering dividends
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