XP Inc (XP9) — Cash Flow Quality Index
Latest as of December 2025:
-1.86x
XP Inc (XP9) has a Cash Flow Quality Index of -1.86x as of December 2025. Operating cash flow of €-2.38 Billion is below net income of €1.28 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore XP Inc cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
-1.86x
Operating CF / Net Income
Operating Cash Flow
€-2.38 Billion
EUR
Net Income
€1.28 Billion
EUR
Data as of
Dec 2025
Most recent filing
XP Inc Cash Flow Quality Index (2016–2025)
Historical Cash Flow Quality Index for XP Inc across 10 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see XP9 operating cash flow.
Annual Cash Flow Quality Index for XP Inc (2016–2025)
Year-by-year earnings quality comparison for XP Inc.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.33x | €12.04 Billion | €5.17 Billion | ▼ -5.9% |
| 2024 | 2.48x | €11.18 Billion | €4.51 Billion | ▲ +18.8% |
| 2023 | 2.08x | €8.13 Billion | €3.90 Billion | ▲ +313.7% |
| 2022 | 0.50x | €1.80 Billion | €3.58 Billion | ▲ +145.0% |
| 2021 | -1.12x | €-4.02 Billion | €3.59 Billion | ▼ -254.3% |
| 2020 | 0.73x | €1.51 Billion | €2.08 Billion | ▲ +120.6% |
| 2019 | -3.53x | €-3.81 Billion | €1.08 Billion | ▼ -256.6% |
| 2018 | -0.99x | €-456.75 Million | €461.44 Million | ▼ -256.1% |
| 2017 | 0.63x | €262.37 Million | €413.87 Million | ▲ +3135.5% |
| 2016 | 0.02x | €4.78 Million | €243.76 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.