XP Inc. XP NASDAQ

XP Inc. (XP) generated $12.04B in operating cash flow for fiscal year 2025. After capital expenditures of $209.29M, free cash flow was $11.84B.

Free cash flow margin was 64.9% of revenue. Cash conversion ratio was 2.33x, indicating earnings are backed by cash.

The company returned $494.52M in dividends and $1.9B in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (33/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (84/100, Pass) — $11.84B (64.9% FCF margin) supports a durable competitive advantage
• INCOME (85/100) — Cash conversion ratio was 2.33x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 77/100 with 6/7 criteria passed.