XP Inc (XP9) — Tangible Net Worth Ratio
XP Inc (XP9) has a Tangible Net Worth Ratio of 96.4% as of December 2025. This metric is calculated by deducting intangible assets (€841.90 Million) from net assets (€23.55 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore XP9 net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
XP Inc Tangible Net Worth Ratio (2017–2025)
This chart shows how XP Inc's Tangible Net Worth Ratio has changed across 9 annual periods from 2017 to 2025. As of December 2025, the ratio stands at 96.4%, reflecting net assets of €23.55 Billion with intangible assets of €841.90 Million EUR. Check XP9 strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Annual Tangible Net Worth Ratio for XP Inc (2017–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for XP Inc from 2017 to 2025, covering 9 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see XP Inc market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 96.4% | €23.55 Billion | €841.90 Million | €396.53 Billion | ▼ 0.0 pp |
| 2024 | 96.4% | €20.05 Billion | €713.10 Million | €347.46 Billion | ▼ -0.1 pp |
| 2023 | 96.6% | €19.45 Billion | €668.64 Million | €249.04 Billion | ▼ -2.0 pp |
| 2022 | 98.5% | €17.04 Billion | €248.96 Million | €192.03 Billion | ▲ +0.5 pp |
| 2021 | 98.1% | €14.42 Billion | €278.23 Million | €139.34 Billion | ▲ +0.3 pp |
| 2020 | 97.8% | €10.90 Billion | €239.20 Million | €96.03 Billion | ▲ +0.2 pp |
| 2019 | 97.6% | €7.16 Billion | €170.95 Million | €43.62 Billion | ▲ +3.5 pp |
| 2018 | 94.1% | €2.09 Billion | €122.42 Million | €17.72 Billion | ▲ +3.7 pp |
| 2017 | 90.4% | €1.15 Billion | €110.51 Million | €7.14 Billion | — |