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Financing instruments payable | 12 Months Ended
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Dec. 31, 2025
Subclassifications of assets, liabilities and equities [abstract] |
Financing instruments payable | 16 Financing instruments payable
| 2025 |  | 2024
Market funding operations (a) | 118,366,426 |  |  | 88,483,485 |
Deposits | 76,750,219 |  |  | 53,506,617 |
Demand deposits | 1,053,491 |  |  | 1,243,221 |
Time deposits | 75,182,307 |  |  | 51,638,802 |
Interbank deposits | 514,421 |  |  | 624,594 |
Financial bills | 15,919,950 |  |  | 14,193,253 |
Structured notes | 23,798,103 |  |  | 20,104,840 |
Others (i) | 1,898,154 |  |  | 678,775 |
Debt securities (b) | 5,037,089 |  |  | 6,764,997 |
Debentures | — |  |  | 1,251,256 |
Bond | 5,037,089 |  |  | 5,513,741 |
Total | 123,403,515 |  |  | 95,248,482 |
Current | 79,553,856 |  |  | 52,036,137 |
Non-Current | 43,849,659 |  |  | 43,212,345 |
(i)(i) Mostly related to real estate-backed and agribusiness-backed instruments. (a) Market funding operations maturity
Maturity - 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class |  | Within 30 days |  | From 31 to 60 days |  | From 61 to 90 days |  | From 91 to 180 days |  | From 181 to 360 days |  | After 360 days |  | Total
Demand deposits |  | 1,053,491 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,053,491 |
Time deposits |  | 10,550,692 |  |  | 5,511,955 |  |  | 5,593,062 |  |  | 31,692,610 |  |  | 7,665,880 |  |  | 14,168,108 |  |  | 75,182,307 |
Interbank deposits |  | — |  |  | — |  |  | — |  |  | — |  |  | 389,784 |  |  | 124,637 |  |  | 514,421 |
Financial bills |  | 136,048 |  |  | 99,760 |  |  | 146,006 |  |  | 1,704,455 |  |  | 2,992,391 |  |  | 10,841,290 |  |  | 15,919,950 |
Structured notes |  | 124,274 |  |  | 262,539 |  |  | 110,315 |  |  | 1,144,806 |  |  | 6,253,426 |  |  | 15,902,743 |  |  | 23,798,103 |
Others |  | — |  |  | — |  |  | 109,865 |  |  | 534,118 |  |  | 904,307 |  |  | 349,864 |  |  | 1,898,154 |
Total |  | 11,864,505 |  |  | 5,874,254 |  |  | 5,959,248 |  |  | 35,075,989 |  |  | 18,205,788 |  |  | 41,386,642 |  |  | 118,366,426 |
Maturity - 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class |  | Within 30 days |  | From 31 to 60 days |  | From 61 to 90 days |  | From 91 to 180 days |  | From 181 to 360 days |  | After 360 days |  | Total
Demand deposits |  | 1,243,221 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,243,221 |
Time deposits |  | 4,337,012 |  |  | 6,202,542 |  |  | 10,256,783 |  |  | 14,656,194 |  |  | 6,371,748 |  |  | 9,814,523 |  |  | 51,638,802 |
Interbank deposits |  | — |  |  | — |  |  | — |  |  | — |  |  | 370,106 |  |  | 254,488 |  |  | 624,594 |
Financial bills |  | 385,960 |  |  | 45,916 |  |  | 108,266 |  |  | 432,934 |  |  | 3,779,877 |  |  | 9,440,300 |  |  | 14,193,253 |
Structured notes |  | 69,880 |  |  | 82,304 |  |  | 90,546 |  |  | 536,373 |  |  | 881,785 |  |  | 18,443,952 |  |  | 20,104,840 |
Others |  | — |  |  | — |  |  | — |  |  | 4 |  |  | 573,886 |  |  | 104,885 |  |  | 678,775 |
Total |  | 6,036,073 |  |  | 6,330,762 |  |  | 10,455,595 |  |  | 15,625,505 |  |  | 11,977,402 |  |  | 38,058,148 |  |  | 88,483,485 |
(b) Debt securities maturity
|  | 2025 |  | 2024
|  | Up to 1 year |  | 1-5 years |  | Total |  | Up to 1 year |  | 1-5 years |  | Total
Bonds (i) | Fixed rate | 2,574,072 |  |  | 2,463,017 |  |  | 5,037,089 |  |  | 359,544 |  |  | 5,154,197 |  |  | 5,513,741 |
Debentures (ii) | Floating rate | — |  |  | — |  |  | — |  |  | 1,251,256 |  |  | — |  |  | 1,251,256 |
Total |  | 2,574,072 |  |  | 2,463,017 |  |  | 5,037,089 |  |  | 1,610,800 |  |  | 5,154,197 |  |  | 6,764,997 |
Current |  |  |  |  |  | 2,574,072 |  |  |  |  |  |  | 1,610,800 |
Non- Current |  |  |  |  |  | 2,463,017 |  |  |  |  |  |  | 5,154,197 |
(i) XP Inc Bonds On July 1, 2021, XP Inc. concluded the issuance of a gross of US$750 million senior unsecured notes with net proceeds of US$739 million (R$3,697 million) with maturity on July 1, 2026 and bear interest at the rate of 3.250% per year, guaranteed by XP Investimentos S.A. The principal amount will be paid on the maturity date and the interest is amortized every six months. On July 2, 2024, XP Inc concluded an issuance of senior unsecured notes in an aggregate principal amount of US$500 million, with an interest rate of 6.75% and maturity date on July 2, 2029. The notes will be guaranteed by XP Investimentos S.A. The Company used the net proceeds from the offering of the notes to partially repurchase an amount equal to US$287 million of the 3.25% outstanding senior unsecured notes mentioned above. (ii) XP Investimentos debentures On July 19, 2022, XP Investimentos issued non-convertible debentures in the amount of R$1,800,000 (R$900,000 of series 1 and R$900,000 of series 2). The debentures series, added together, has a maximum authorized issuance up to R$1,800,000. The principal amount, including the interest, will be paid on the maturity date as follow: (i) June 23, 2024 (series 1) and (ii) June 23, 2025 (series 2). The interest rates for series 1 and series 2 debentures are CDI+1.75% and CDI+1.90%, respectively. According to the maturity date of the Series 1 debentures, the principal amount was paid on June 23, 2024. The Series 2 debentures were prepaid on January 31, 2025.

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