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Group structure (Tables)

12 Months Ended

Dec. 31, 2025

Disclosure of subsidiaries [abstract]

Summary of direct and indirect interests of company in its subsidiaries

																		% of Group’s interest (i)
Entity name						Country of incorporation						Principal activities						2025						2024						2023
Directly controlled
XPAC Sponsor LLC						Cayman						Special Purpose Acquisition (SPAC) Sponsor						100.00		%				100.00		%				100.00		%
XProject LTD						Cayman						Holding						100.00		%				100.00		%				100.00		%
XP Holding International LLC						USA						International financial holding						100.00		%				100.00		%				100.00		%
XP Advisory US						USA						Investment advisor						100.00		%				100.00		%				100.00		%
XP Holding UK Ltd						UK						International financial holding						100.00		%				100.00		%				100.00		%
XP Finance Holding S.A. (vi)						Brazil						Financial holding						100.00		%				100.00		%				100.00		%
Indirectly controlled
XP Investimentos S.A.						Brazil						Holding						100.00		%				100.00		%				100.00		%
XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A.						Brazil						Broker-dealer						100.00		%				100.00		%				100.00		%
XP Vida e Previdência S.A. (ii)						Brazil						Retirement plans and insurance						100.00		%				100.00		%				100.00		%
Banco XP S.A.						Brazil						Multipurpose bank						100.00		%				100.00		%				100.00		%
XPE Infomoney Educação Assessoria Empresarial e Participações Ltda.						Brazil						Digital content services						100.00		%				100.00		%				100.00		%
Tecfinance Informática e Projetos de Sistemas Ltda.						Brazil						Rendering of IT services						99.70		%				99.70		%				99.70		%
XP Corretora de Seguros Ltda.						Brazil						Insurance broker						99.99		%				99.99		%				99.99		%
XP Gestão de Recursos Ltda.						Brazil						Asset management						95.76		%				95.80		%				95.50		%
XP Finanças Assessoria Financeira Ltda.						Brazil						Investment consulting services						99.99		%				99.99		%				99.99		%
Infostocks Informações e Sistemas Ltda.						Brazil						Mediation of information systems						100.00		%				100.00		%				100.00		%
XP Advisory Gestão Recursos Ltda.						Brazil						Asset management						95.55		%				99.53		%				99.53		%
XP Vista Asset Management Ltda.						Brazil						Asset management						99.99		%				99.99		%				99.99		%
XP Controle 4 Participações S.A.						Brazil						Insurance holding						100.00		%				100.00		%				100.00		%
XP Investments UK LLP						UK						Inter-dealer broker and Organized Trading Facility (OTF)						100.00		%				100.00		%				100.00		%
XP Private Holding UK Ltd						UK						Investment Advisor						—		%				100.00		%				100.00		%
XP Investments US, LLC						US						Broker-dealer						100.00		%				100.00		%				100.00		%
XP PE Gestão de Recursos Ltda.						Brazil						Asset management						98.00		%				97.90		%				98.10		%
XP Allocation Asset Management Ltda.						Brazil						Asset management						99.96		%				99.97		%				99.97		%
XP Eventos Ltda.						Brazil						Media and events						100.00		%				100.00		%				100.00		%
DM10 Corretora de Seguros Ltda.						Brazil						Insurance broker						—		%				—		%				100.00		%
XP Comercializadora de Energia Ltda.						Brazil						Energy trading						100.00		%				100.00		%				100.00		%
XP Distribuidora de Títulos e Valores Mobiliários						Brazil						Securities dealer						100.00		%				100.00		%				100.00		%

																		% of Group’s interest (i)
Entity name						Country of incorporation						Principal activities						2025						2024						2023
Instituto de Gestão e Tecnologia da Informação Ltda.						Brazil						Educational content services						100.00		%				100.00		%				100.00		%
Xtage Intermediação S.A.						Brazil						Digital assets						100.00		%				100.00		%				100.00		%
XP Administradora de Benefícios Ltda.						Brazil						Individual health plan intermediation						100.00		%				100.00		%				100.00		%
XP Corretora de Seguros Riscos						Brazil						Retirement plans and insurance						100.00		%				100.00		%				100.00		%
XP Representação Seguros Ltda.						Brazil						Insurance broker						100.00		%				100.00		%				100.00		%
Banco Modal S.A. (iii)						Brazil						Multipurpose bank						—		%				100.00		%				100.00		%
Modal Assessoria Financeira Ltda.						Brazil						Investment consulting services						100.00		%				100.00		%				100.00		%
XP Serviços Financeiros DTVM Ltda. (v)						Brazil						Securities dealer						100.00		%				100.00		%				100.00		%
Modalmais Treinamento e Desenvolvimento Ltda.						Brazil						Professional training services						—		%				—		%				100.00		%
XP Holding Participações						Brazil						Insurance broker						—		%				100.00		%				100.00		%
Eleven Serviços de Consultoria e Análise S.A. (iii)						Brazil						Investment consulting services						—		%				100.00		%				100.00		%
Banking and Trading Desenvolvimento de Sistemas Ltda. (“Carteira Global”)						Brazil						Softwares development services						—		%				—		%				100.00		%
Refinaria de Dados – Análise de Dados Ltda.						Brazil						Digital content services						—		%				—		%				100.00		%
Hum Bilhão Educação Financeira Ltda.						Brazil						Digital content services						—		%				—		%				100.00		%
Vaivoa Educação Financeira Ltda.						Brazil						Digital content services						—		%				—		%				100.00		%
Modal As a Service S.A.						Brazil						Financial services						—		%				—		%				100.00		%
Galapos Consultoria e Participações Ltda.						Brazil						Consulting services						100.00		%				100.00		%				100.00		%
W2D Tecnologia e Soluções Ltda.						Brazil						Rendering of IT services						—		%				—		%				100.00		%
XP Controle 5 Participações Ltda.						Brazil						Holding						100.00		%				100.00		%				100.00		%
XP Sports Asset Management Ltda.						Brazil						Asset management						100.00		%				100.00		%				100.00		%
Consolidated investments funds
Aetos Energia Fundo de Investimento em Direitos Creditórios						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
Araca Fim Cred Priv (iii)						Brazil						Investment fund						—		%				100.00		%				—		%
Aurea Extrema Logística Fundo de Investimento Imobiliário						Brazil						Investment fund						67.35		%				100.00		%				—		%
Correspondente Banqueiro Consignados INSS Fundo de Investimento em Direitos Creditórios – Resp Ltda						Brazil						Investment fund						100.00		%				100.00		%				—		%
Cactos Fundo de Investimento em Participações Multiestratégia Responsabilidade Limitada						Brazil						Investment fund						100.00		%				100.00		%				—		%
Consignado Público XP Fundo de Investimento em Direitos Creditórios						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
Credit Restructuring Fundo de Investimento em Direitos Creditórios						Brazil						Investment fund						100.00		%				100.00		%				—		%
Credit Restructuring II Fundo de Investimento em Direitos Creditórios Responsabilidade Limitada						Brazil						Investment fund						100.00		%				100.00		%				—		%
Falx Fundo de Investimento Multimercado Crédito Privado Investimento no Exterior						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
Fundo de Investimento em Cotas Multimercado Solar						Brazil						Investment fund						95.65		%				100.00		%				—		%
Fundo de Investimento em Participações Novo Hotel Botafogo Empresas Emergentes						Brazil						Investment fund						100.00		%				100.00		%				—		%
Gladius Fundo de Investimento Multimercado Investimento no Exterior						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
Scorpio Debentures Incentivadas Fundo de Investimento Multimercado Crédito Privado						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
SMF Fundo de Investimento Multimercado Crédito Privado						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
Javelin Fundo de Investimento Multimercado Crédito Privado Investimento no Exterior						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
Frade Fundo de Investimento em Cotas de Fundos de Investimento em Direitos Creditórios NP						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
Frade III Fundo de Investimento em Cotas de Fundo de Investimento Multimercado Crédito Privado						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
Coliseu Fundo de Investimento Multimercado Crédito Privado Investimento no Exterior						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
Makhaira Fundo de Investimento Multimercado Crédito Privado Longo Prazo (iii)						Brazil						Investment fund						—		%				100.00		%				—		%

																		% of Group’s interest (i)
Entity name						Country of incorporation						Principal activities						2025						2024						2023
NIMROD Fundo de Investimento Multimercado Crédito Privado Investimento no Exterior						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
XP High Yield Fund SP						Cayman						Investment fund						—		%				—		%				100.00		%
XP International Fund SPC - XP Multistrategy Fund SP						Cayman						Investment fund						100.00		%				100.00		%				100.00		%
XP Plêiades Fundo de Investimento em Participações Multiestratégia (iv)						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
XP Alesia Fund SP CL Shares - Brazil Internacional Fund SPC.						Cayman						Investment fund						100.00		%				100.00		%				100.00		%
Newave Fundo de Investimento em Participações Multiestratégia						Brazil						Investment fund						—		%				—		%				—		%
Endor Fundo de Investimento em Participações Multiestratégia Investimento no Exterior						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
XP Phalanx CT Fund (iii)						Cayman						Investment fund						—		%				100.00		%				100.00		%
MM Macadâmia FIM CP IE						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
MM Hedge Icon						Nassau						Investment fund						100.00		%				99.37		%				99.37		%
Fundo de Investimento Imobiliário Desenvolvimento 1 Modalmais						Brazil						Investment fund						98.71		%				100.00		%				100.00		%
Fundo de Investimento em Participações Chardonnay Capital Semente						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
KSM Realty - Fundo de Investimento em Participações Multiestratégia						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
Suécia I Fundo de Investimento Multimercado						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
Suécia II Fundo de Investimento Multimercado						Brazil						Investment fund						100.00		%				100.00		%				100.00		%
Kopis Fundo de Investimento Multimercado Crédito Privado Longo Prazo (ii)						Brazil						Investment fund						100.00		%				—		%				—		%
Home Equity Fundo de Investimento em Direitos Creditórios (ii)						Brazil						Investment fund						100.00		%				—		%				—		%
XP Nix Fundo de Investimento em Infraestrutura (ii)						Brazil						Investment fund						100.00		%				—		%				—		%
Energia Fundo de Investimento em Direitos Creditórios (ii)						Brazil						Investment fund						100.00		%				—		%				—		%
Bari Capital Renda Fundo de Investimento Imobiliário (ii)						Brazil						Investment fund						100.00		%				—		%				—		%
Aspis Fundo de Investimento Multimercado Crédito Privado (ii)						Brazil						Investment fund						100.00		%				—		%				—		%
Fundo de Investimento em Direitos Creditórios FGTS Vision (ii)						Brazil						Investment fund						100.00		%				—		%				—		%
Beta Fundo de Investimento em Cotas de Direitos Creditórios (ii)						Brazil						Investment fund						100.00		%				—		%				—		%
Dao Crédito High Grade Fundo de Investimento em Renda Fixa Crédito Privado (ii)						Brazil						Investment fund						100.00		%				—		%				—		%
Giant Zarathustra Classic FIC Multimercado (ii)						Brazil						Investment fund						100.00		%				—		%				—		%
Giant Zarathustra IV FIC Multimercado (ii)						Brazil						Investment fund						100.00		%				—		%				—		%

(i)The percentage of participation represents the Group’s interest in total capital and voting capital of its subsidiaries.

(ii)New subsidiaries and investment funds incorporated in the year.

(iii)Subsidiaries and investment funds closed or consolidated by other funds/companies during the year.

(iv)XP Managers Fundo de Investimento em Participações Multiestratégia changed its legal name to XP Plêiades Fundo de Investimento em Participações Multiestratégia.

(v)Modal Distribuidora de Títulos e Valores Mobiliários Ltda. changed its legal name to XP Serviços Financeiros DTVM Ltda.

(vi)XP Controle 3 Participações S.A. changed its legal name to XP Finance Holding S.A.

X

- Definition

The disclosure of interests in subsidiaries. [Refer: Total for all subsidiaries [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 12
-IssueDate 2025-01-01
-Paragraph 2
-Subparagraph b
-Clause i
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2025-en-r&anchor=para_2_b_i&doctype=Standard
-URIDate 2025-03-27

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X

- References

No definition available.

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