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Total revenue and income (Tables)
 12 Months Ended
Dec. 31, 2025
Analysis of income and expense [abstract]  
Disaggregation of revenue by major service lines
Revenue from contracts with customers derives mostly from services rendered and fees charged at daily transactions from customers, therefore mostly recognized at a point in time. Disaggregation of revenue by major service lines are as follows:
202520242023
Major service lines
Brokerage commission 2,023,634 2,133,266 1,991,781 
Securities placement2,497,146 2,285,110 1,979,406 
Management fees1,887,205 1,742,959 1,628,373 
Insurance brokerage fee238,468 219,397 175,326 
Commission fees$1,189,405 996,693 789,822 
Other services (i)
942,404 734,090 588,932 
Gross revenue from services rendered8,778,262 8,111,515 7,153,640 
(-) Sales taxes and contributions on service revenues (ii)
(811,529)(686,659)(621,635)
Net revenue from services rendered7,966,733 7,424,856 6,532,005 
(i)Include insurance contracts profit or loss, as disclosed in Note 22.
(ii)Mostly related to taxes on services (ISS) and contributions on revenues (PIS and COFINS).
Summary of net income from financial instruments
202520242023
Net income/(loss) from financial instruments at fair value through profit or loss16,744,935 11,727,589 6,923,112 
Net income/(loss) from financial instruments measured at amortized cost and at fair value through other comprehensive income(6,089,360)(1,851,844)1,649,210 
Total income from financial instruments10,655,575 9,875,745 8,572,322 
(-) Taxes and contributions on financial income(223,711)(269,740)(244,231)
Net income/(loss) from financial instruments10,431,864 9,606,005 8,328,091 
Summary of disaggregation by geographic location
Breakdown of total net revenue and income and selected assets by geographic location:
202520242023
Brazil17,604,181 16,288,131 14,261,302 
Other countries794,416 742,730 598,794 
Revenues (i)
18,398,597 17,030,861 14,860,096 
202520242023
Brazil16,884,152 16,399,995 13,255,769 
Other countries747,641 860,308 596,939 
Selected assets (ii)
17,631,793 17,260,303 13,852,708 
(i)Revenues are presented by geographic location according to the main location where the Group's business customers are located. None of the clients represented more than 10% of our revenues for the periods presented.
(ii)Selected assets are total assets of the Group, less: cash, financial assets and deferred tax assets, and are presented by geographic location.