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Securities (Tables)
 12 Months Ended
Dec. 31, 2025
Subclassifications of assets, liabilities and equities [abstract]  
Summary of Securities classified at fair value through profit and loss [Table Text Block] Securities classified at fair value through profit and loss are presented in the following table:
20252024
Gross carrying amount
Fair value
Group portfolio
Retirement plan assets (i)
Gross carrying amount
Fair value
Group portfolio
Retirement plan assets (i)
Financial assets
At fair value through profit or loss
Brazilian sovereign bonds55,596,263 56,313,856 51,911,967 4,401,889 48,446,247 46,736,162 43,953,459 2,782,703 
Foreign sovereign bonds1,814,964 1,818,020 1,818,020 — — — — — 
Real estate–backed instruments 4,389,266 4,276,576 4,276,495 81 4,846,140 4,753,274 4,750,468 2,806 
Agribusiness–backed instruments 4,842,682 4,830,980 4,822,577 8,403 1,441,364 1,394,074 1,384,557 9,517 
Corporate debt – local 17,090,433 17,178,981 16,035,155 1,143,826 13,342,497 13,012,139 12,412,639 599,500 
Corporate debt – foreign 8,245,936 7,987,265 7,987,265 — 8,414,822 8,219,727 8,219,727 — 
Bank funding instruments (CDB) 455,242 463,133 366,143 96,990 648,781 661,664 481,083 180,581 
Bank funding instruments (Others) 1,411,719 1,515,827 89,224 1,426,603 534,961 583,840 32,865 550,975 
Structured notes 42,161 50,076 50,076 — 15,940 20,546 20,546 — 
Investment funds 96,353,891 96,353,891 11,300,338 85,053,553 65,840,498 65,840,498 4,347,570 61,492,928 
Equity securities 7,613,050 7,613,050 7,170,531 442,519 2,495,570 2,495,570 2,183,047 312,523 
Others (iii) 430,697 432,405 422,864 9,541 6,305,237 6,267,920 6,135,507 132,413 
Total198,286,304 198,834,060 106,250,655 92,583,405 152,332,057 149,985,414 83,921,468 66,063,946 
(i)Most of those financial products represent retirement plans contracts and do not transfer substantial insurance risk to the Group. Therefore, contributions received from participants are accounted for as liabilities and an asset of the participant in the linked Specially Constituted Investment Fund (“FIE”). In addition to the assets presented segregated above, as retirement plan assets, the Group has proprietary assets to guarantee the solvency of our insurance and pension plan operations, under the terms of CNSP Resolution No. 432/2021, presented as Group portfolio, within the investment funds line. As of December 31, 2025, those assets represent R$ 123,761 (December 31, 2024 - R$ 84,334).
(ii)Bank funding instruments (CDB) include R$90,443 (December 31, 2024 – R$ 69,224) presented as cash equivalents in the statements of cash flows.
(iii)Mainly related to bonds issued and traded overseas and other securities.
Summary of Securities Classified At Fair Value Through Profit And Loss And At Fair Value Through Other Comprehensive Income Securities at fair value through other comprehensive income are presented in the following table:
20252024
Gross carrying amount
Fair value adjustments through OCI
Fair value
Gross carrying amount
Fair value adjustments through OCI
Fair value
Financial assets
At fair value through other comprehensive income
Brazilian sovereign bonds39,785,892 (742,177)39,043,715 49,357,469 (2,376,462)46,981,007 
Foreign sovereign bonds3,179,468 165 3,179,634 3,893,441 5,533 3,898,974 
Total42,965,360 (742,012)42,223,349 53,250,910 (2,370,929)50,879,981 
Summary of Financial Assets At Amortized Cost Securities Securities evaluated at amortized cost are presented in the following table:
20252024
Gross carrying amount
Expected credit loss (i)
Book value
Gross carrying amount
Expected credit loss (i)
Book value
Financial assets
At amortized cost
Brazilian sovereign bonds2,221,521 — 2,221,521 — — — 
Foreign sovereign bonds282,696 (3)282,693 — — — 
Agribusiness–backed instruments476,312 (2,191)474,121 212,102 (547)211,555 
Corporate debt – local4,455,395 (26,798)4,428,597 2,638,006 (13,415)2,624,591 
Total7,435,924 (28,992)7,406,932 2,850,108 (13,962)2,836,146 
(i)The reconciliation of gross carrying amount and the expected credit losses segregated by stages are presented in the Note 13.
Summary of Securities on the Financial Liabilities Classified at Fair Value through Profit or Loss Securities on the financial liabilities classified at fair value through profit or loss are presented in the following table:
20252024
Gross carrying amount
Fair value
Gross carrying amount
Fair value
Financial liabilities
At fair value through profit or loss
Securities (i)20,388,644 20,388,644 14,830,405 14,830,405 
(i)Mainly related to stock loan operations carried out through the Group's proprietary funds.
Summary of Fair Value and Remaining Contractual Principal Balance Outstanding Debentures designated at fair value through profit or loss are presented in the following table:
On May 6, 2021, XP Investimentos, issued non-convertible debentures, in the aggregate amount of R$500,018, and designated this instrument as fair value through profit or loss in order to align it with the Group’s risk management and investment strategy. The principal amount is due on April 10, 2036. The accrued interest is payable every month from the issuance date and is calculated based on the IPCA (Brazilian inflation index) plus 5% p.a.
20252024
Gross carrying amount
Fair value
Gross carrying amount
Fair value
Financial liabilities
At fair value through profit or loss650,975 654,815 623,619 422,971 
Corporate debt - local650,975 654,815 623,619 422,971 
Unrealized gains/(losses) due to own credit risk for liabilities for which the fair value option has been elected are recorded in other comprehensive income. The debenture’s own credit risk is calculated as the difference between its yield and its benchmark rate for similar Brazilian federal securities. Gain/(losses) due to own credit risk were not material for the period ended December 31, 2025.
Summary of Securities classified by maturity Securities classified by maturity:
AssetsLiabilities
2025202420252024
Financial assets
At fair value through PL and at OCI
Current129,999,761 100,930,547 20,388,644 14,830,405 
Non-stated maturity103,966,940 68,336,068 20,388,644 14,830,405 
Up to 3 months16,750,622 7,800,480 — — 
From 4 to 12 months9,282,199 24,793,999 — — 
Non-Current111,057,648 99,934,848 654,815 422,971 
After one year111,057,648 99,934,848 654,815 422,971 
Evaluated at amortized cost
Current2,696,669 87,633 — — 
Up to 3 months1,930,685 9,457 — — 
From 4 to 12 months765,984 78,176 — — 
Non-Current4,710,263 2,748,513 — — 
After one year4,710,263 2,748,513 — — 
Total248,464,341 203,701,541 21,043,459 15,253,376 
The reconciliation of expected loss to financial assets at amortized cost segregated by stage is demonstrated in Note 13.