XP Inc.'s stock tumbled 5.07% in after-hours trading, extending losses following the release of its first-quarter 2026 financial results.
The sharp decline came after the Brazilian financial services company reported quarterly earnings that fell short of analyst expectations. XP posted earnings of $0.47 per share, missing the consensus estimate of $0.48. Quarterly sales of $898.872 million also missed the $952.600 million estimate. In local currency terms, adjusted net income of 1.3 billion reais came in below the estimated 1.4 billion reais, while net revenue of 4.7 billion reais missed the 4.9 billion reais forecast.
Alongside the earnings release, XP announced a planned CFO transition, with Gustavo Alejo Viviani appointed to the role effective August 3, 2026. The company also declared a cash dividend of $0.20 per share and authorized a new share repurchase program of up to 1 billion reais.
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