Business

XP reaches BRL 715 billion in assets in custody in the first quarter

According to the company, the growth of 96% was driven by a net revenue of BRL 252 billion and a BRL 97 billion market appreciation

XP
Photo: Screenshot/XP
  • According to data released in a partial quarterly report, the active customer base grew 47% in one year;
  • In March 2021, XP reached 3 million customers;
  • XP’s credit portfolio amounts to BRL 4.7 billion.

Brazilian investment platform XP announced on Thursday that it reached BRL 715 billion in assets in custody in the 2021 first quarter, an increase of 96% over the same period last year. XP’s credit portfolio amounts to BRL 4.7 billion.

According to the company, the growth was driven by a net revenue of BRL 252 billion and a BRL 97 billion market appreciation.

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Also according to data released in a partial quarterly report, the active customer base grew 47% in one year. In March 2021, XP reached 3 million customers.

Retail DARTs (Daily Average Revenue-generating Trades) increased 23% in the first quarter, reaching the 3.2 million mark.

The full disclosure of the results for the first quarter is scheduled for May 4.

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