XP Shares Fall 45.3% Before Market Open to $16.63
Key Facts
Investing.com reported that XP shares fell 45.3% in premarket trading on October 26, reaching $16.63. The figure refers to trading before the market open and does not describe a completed session. The site attributed the move to the stock in its report on the decline. This timing differs from the earlier wording, which presented the drop as if it had occurred during the trading session. The figure alone does not establish that the company lost about half of its market value.
XP filings with the U.S. Securities and Exchange Commission recorded board changes that took effect on October 16. Martin Emiliano Escobari Lifschitz resigned from the board on that date. The company said his decision was voluntary and did not result from any disagreement over its operations, policies or practices. On the same day, Rodrigo Chedi Lima was appointed as an interim board member. His term is due to continue until the 2027 annual shareholder meeting.
XP’s second-quarter 2026 results provide background on the company’s activity before the share move, without identifying its cause. Client assets totaled 1,535 billion Brazilian reais, up 12% year over year and flat compared with the first quarter. Net inflows reached 28 billion reais, up 188% year over year and 94% quarter over quarter. Net revenue was 4,884 million reais, up 9% from the second quarter of 2025 and 3% from the first quarter of 2026. Net income was 1,384 million reais, up 5% both year over year and quarter over quarter.
XP said second-quarter year-over-year revenue growth was driven by equities, its funds platform, new retail segments and other retail activities. It added that its wholesale bank also posted year-over-year growth. In its published 2026 outlook, the company set a pretax margin range of 30% to 34%. It also set annual gross revenue guidance at between 22.8 and 26.8 billion Brazilian reais. These figures provide a framework for the company’s full-year guidance, while the premarket share move remains separate from the quarterly results and guidance unless the company announces a connection between them.
XP’s move followed a session marked by broad declines in U.S. indexes and a rise in oil on October 22. The S&P 500 fell 1.2%, while the Nasdaq dropped 2.6%. By contrast, Brent crude rose 4% to $113.17 a barrel amid concerns related to the war with Iran. This performance places the share move in the context of an earlier market downturn in both indexes, but does not identify the cause of the decline reported by Investing.com. XP’s 2026 annual guidance remains the forward-looking milestone in the available company information.