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Cash flow information | 12 Months Ended
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Dec. 31, 2025
Disclosure of reconciliation of liabilities arising from financing activities [abstract] |
Cash flow information | 37 Cash flow information
(i) Debt reconciliation
|  |  |  |  | Debt securities (i) |  |
| Borrowings |  | Lease liabilities |  | Debentures and Notes |  | Bonds |  | Total
Total debt as of January 1, 2023 | 1,865,880 |  |  | 285,638 |  |  | 2,596,519 |  |  | 3,911,383 |  |  | 8,659,420 |
Acquisitions/Issuance | 2,252,550 |  |  | 116,774 |  |  | 373,481 |  |  | — |  |  | 2,742,805 |
Business combination (Note 5(ii)) | 978 |  |  | 19,802 |  |  | — |  |  | — |  |  | 20,780 |
Payments/repurchase | (1,833,937) |  |  | (132,737) |  |  | (527,687) |  |  | (62,342) |  |  | (2,556,703) |
Write-offs | — |  |  | (675) |  |  | — |  |  | — |  |  | (675) |
Net foreign exchange differences | (147,802) |  |  | (6,967) |  |  | — |  |  | (319,952) |  |  | (474,721) |
Interest accrued | 61,753 |  |  | 22,927 |  |  | 392,857 |  |  | 134,148 |  |  | 611,685 |
Interest paid | — |  |  | — |  |  | (28,396) |  |  | (116,670) |  |  | (145,066) |
Total debt as of December 31, 2023 | 2,199,422 |  |  | 304,762 |  |  | 2,806,774 |  |  | 3,546,567 |  |  | 8,857,525 |
Total debt as of January 1, 2024 | 2,199,422 |  |  | 304,762 |  |  | 2,806,774 |  |  | 3,546,567 |  |  | 8,857,525 |
Acquisitions/Issuance | 1,666,432 |  |  | 157,750 |  |  | — |  |  | 2,787,575 |  |  | 4,611,757 |
Payments/repurchase | (2,255,259) |  |  | (125,966) |  |  | (1,170,612) |  |  | (1,628,342) |  |  | (5,180,179) |
Cancellation/expiration | — |  |  | (65,050) |  |  | — |  |  | — |  |  | (65,050) |
Net foreign exchange differences | 66,632 |  |  | 20,716 |  |  | — |  |  | 1,117,579 |  |  | 1,204,927 |
Interest accrued | 91,881 |  |  | 19,135 |  |  | 271,451 |  |  | 204,510 |  |  | 586,977 |
Interest paid | (102,676) |  |  | — |  |  | (32,738) |  |  | (213,939) |  |  | (349,353) |
Total debt as of December 31, 2024 | 1,666,432 |  |  | 311,347 |  |  | 1,874,875 |  |  | 5,813,950 |  |  | 9,666,604 |
Total debt as of January 1, 2025 | 1,666,432 |  |  | 311,347 |  |  | 1,874,875 |  |  | 5,813,950 |  |  | 9,666,604 |
Acquisitions/Issuance | 2,626,479 |  |  | 136,547 |  |  | — |  |  | — |  |  | 2,763,026 |
Payments/repurchase | (3,768,173) |  |  | (123,150) |  |  | (1,266,496) |  |  | — |  |  | (5,157,819) |
Cancellation/expiration | — |  |  | (19,008) |  |  | — |  |  | — |  |  | (19,008) |
Net foreign exchange differences | (311,426) |  |  | (9,055) |  |  | — |  |  | (666,650) |  |  | (987,131) |
Interest accrued | 104,790 |  |  | 14,736 |  |  | 66,313 |  |  | 266,737 |  |  | 452,576 |
Interest paid | (80,208) |  |  | — |  |  | (23,717) |  |  | (263,407) |  |  | (367,332) |
Total debt as of December 31, 2025 | 237,894 |  |  | 311,417 |  |  | 650,975 |  |  | 5,150,630 |  |  | 6,350,916 |
(i) Debt securities include debentures measured at FVPL presented in Note 7(e) and does not include fair value adjustments of (i) Debentures, totaling R$ 3,840 (R$(200,648) - 2024) and (ii) Bonds, totaling R$ (113,541) (R$ (300,209) - 2024). (ii) Cash reconciliation for investing and financing activities During the year ended December 31, 2024, the Group paid R$895,287, out of which R$225,766 refers to acquisitions concluded during this period, in connection with the minority stake acquisitions disclosed in Note 5(ii)(a). The Group also paid R$498,576 of contingent consideration liabilities, due to the achievement of the triggers provided for in the shareholders' agreement with one of its associates. During the year ended December 31, 2025, the Group paid R$ 325,502 in connection with the minority stake acquisitions disclosed in note 2(ii)(a). The Group also paid a total amount of R$ 119,182 in contingent consideration arrangements, due to the achievement of the triggers provided for in the shareholders’ agreement with its associates. (iii) Non-cash reconciliation for investing and financing activities During the year ended December 31, 2024, the Group concluded the minority stake acquisitions disclosed in Note 5 (ii)(a). From the total consideration of these transactions, (i) R$106,412 was settled through the private issuance of XP Inc. Class A shares (see note 24(a)), (ii) R$20,000 was recorded through contingent consideration (Note 19(b)) and (iii) there was a remaining amount of R$62,325 to be paid during 2025 (including monetary correction on this amount). During the year ended December 31, 2024, the Group acquired a new borrowing in the total amount of R$1,666,432 (note 18). This amount was disbursed by the counterparty on January 6, 2025. During the year ended December 31, 2025, the Group sold property and equipment assets in a total amount of R$132,003, which is payable in 10 years, indexed to CDI. The amount was recorded through ‘Accounts receivable’.

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