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Side-by-side financial comparison of Interactive Brokers Group, Inc. (IBKR) and XP Inc. (XP). Click either name above to swap in a different company.

XP Inc. is the larger business by last-quarter revenue ($13.5B vs $1.7B, roughly 8.1× Interactive Brokers Group, Inc.). Interactive Brokers Group, Inc. runs the higher net margin — 70.2% vs 0.0%, a 70.2% gap on every dollar of revenue.

Interactive Brokers, Inc. is an American multinational brokerage firm headquartered in Greenwich, Connecticut. It operates the largest electronic trading platform in the United States by number of daily average revenue trades. In 2024, the platform processed an average of 2.6 million trades per trading day. Interactive Brokers is the largest foreign exchange market broker and is one of the largest prime brokers servicing commodity brokers. The company brokers stocks, options, futures contract...

XP Inc. is a Brazilian investment management company. The company offers fixed income, equities, investment funds, and private pension products, as well as offers wealth management and other financial services. XP serves customers in Brazil and has offices in São Paulo, Rio de Janeiro, New York, Miami, London and Geneva.

IBKR vs XP — Head-to-Head

Bigger by revenue
XP
XP
8.1× larger
XP
$13.5B
$1.7B
IBKR
Higher net margin
IBKR
IBKR
70.2% more per $
IBKR
70.2%
0.0%
XP

Income Statement — Q1 2026 vs Q3 2025

Metric
IBKR
IBKR
XP
XP
Revenue
$1.7B
$13.5B
Net Profit
$1.2B
$22.0K
Gross Margin
Operating Margin
1.1%
Net Margin
70.2%
0.0%
Revenue YoY
17.0%
Net Profit YoY
21.5%
EPS (diluted)
$0.59
$536884.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IBKR
IBKR
XP
XP
Q1 26
$1.7B
Q4 25
$667.0M
Q3 25
$603.0M
$13.5B
Q2 25
$578.0M
$8.8B
Q1 25
$592.0M
$4.3B
Q4 24
$558.0M
Q3 24
$507.0M
$12.6B
Q2 24
$474.0M
$8.3B
Net Profit
IBKR
IBKR
XP
XP
Q1 26
$1.2B
Q4 25
$1.2B
Q3 25
$1.2B
$22.0K
Q2 25
$1.0B
$22.0K
Q1 25
$964.0M
$22.0K
Q4 24
$969.0M
Q3 24
$834.0M
$21.0K
Q2 24
$809.0M
$21.0K
Operating Margin
IBKR
IBKR
XP
XP
Q1 26
Q4 25
Q3 25
1.1%
Q2 25
1.0%
Q1 25
1.1%
Q4 24
Q3 24
1.0%
Q2 24
0.9%
Net Margin
IBKR
IBKR
XP
XP
Q1 26
70.2%
Q4 25
180.1%
Q3 25
196.7%
0.0%
Q2 25
174.0%
0.0%
Q1 25
162.8%
0.0%
Q4 24
173.7%
Q3 24
164.5%
0.0%
Q2 24
170.7%
0.0%
EPS (diluted)
IBKR
IBKR
XP
XP
Q1 26
$0.59
Q4 25
$-0.82
Q3 25
$0.59
$536884.00
Q2 25
$0.51
$537811.00
Q1 25
$1.94
$539533.00
Q4 24
$2.00
Q3 24
$1.67
$550958.00
Q2 24
$1.65
$554030.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IBKR
IBKR
XP
XP
Cash + ST InvestmentsLiquidity on hand
$5.1B
Total DebtLower is stronger
$12.0M
Stockholders' EquityBook value
$5.6B
$20.0B
Total Assets
$218.7B
$347.5B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBKR
IBKR
XP
XP
Q1 26
$5.1B
Q4 25
$5.0B
Q3 25
$5.1B
Q2 25
$4.7B
Q1 25
$3.5B
Q4 24
$3.6B
Q3 24
$3.6B
Q2 24
$3.9B
Total Debt
IBKR
IBKR
XP
XP
Q1 26
$12.0M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
IBKR
IBKR
XP
XP
Q1 26
$5.6B
Q4 25
$5.4B
Q3 25
$5.1B
$20.0B
Q2 25
$4.8B
$20.0B
Q1 25
$4.5B
$20.0B
Q4 24
$4.3B
Q3 24
$4.1B
$19.5B
Q2 24
$3.9B
$19.5B
Total Assets
IBKR
IBKR
XP
XP
Q1 26
$218.7B
Q4 25
$203.2B
Q3 25
$200.2B
$347.5B
Q2 25
$181.5B
$347.5B
Q1 25
$157.7B
$347.5B
Q4 24
$150.1B
Q3 24
$148.5B
$249.0B
Q2 24
$136.6B
$249.0B
Debt / Equity
IBKR
IBKR
XP
XP
Q1 26
0.00×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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