Financial Data and Key Metrics Changes - Total gross revenue increased from R$3.4 billion in Q3 2021 to R$3.8 billion in Q3 2022, representing a 13% year-over-year growth [17] - Net income reached a record high, supported by strong earnings before tax, with a net margin of 28.5% in Q3 2022 [39] - Earnings before tax margin improved to 27.2% in Q3 2022 from 25.3% in Q2 2022, with guidance for EBT margin set between 26% and 32% [34][35] Business Line Data and Key Metrics Changes - Retail revenue, which constitutes approximately 69% of total gross revenue, was significantly impacted by the bear market, showing a deceleration in growth [17][18] - The breakdown of Retail Client Assets showed a decrease in equities from 42% to 34% year-over-year, while fixed income increased from 22% to 30% [14] - Institutional revenue more than doubled year-over-year, and Corporate and Issuer Services revenue increased by 34% year-over-year [29] Market Data and Key Metrics Changes - Client Assets reached an all-time high of R$925 billion, driven by higher interest rates, although net new money decelerated from R$14 billion per month to R$11 billion [11][12] - The market environment remains challenging due to high interest rates and global uncertainties, impacting investor behavior and asset allocation [12][51] Company Strategy and Development Direction - The company is focusing on diversifying its revenue streams beyond investments, aiming to increase client loyalty and lifetime value [19] - A significant increase in the share buyback program from R$1 billion to R$2 billion was announced, reflecting a commitment to returning value to shareholders [10] - The strategy includes consolidating investments made in new verticals and enhancing operational efficiency [75] Management's Comments on Operating Environment and Future Outlook - Management expressed that the worst of the current market conditions may be behind, with signs of stabilization in net inflows despite ongoing uncertainties [52] - The company anticipates that a stable interest rate environment could positively influence inflows into equities [84] - Management remains cautious about future distributions of excess cash, emphasizing a conservative approach amid market uncertainties [71][73] Other Important Information - The company has discontinued the adjusted net margin guidance and introduced a new earnings before tax margin metric [9] - The total SG&A expenses showed signs of stabilization, with a focus on efficiency gains expected in 2023 [8][33] Q&A Session Summary Question: Retail revenue breakdown and impact of higher interest rates - Management confirmed that the increase in the "other" line in retail revenue is primarily due to flows and higher interest rates, which may decrease as rates come down [49][50] Question: Client asset inflows and market performance - Management noted that net inflows have stabilized around R$10 billion per month, but uncertainty in the market continues to pose challenges for attracting new investments [50][51] Question: IFA attrition and its impact on assets - Management stated that 70% to 80% of client assets remain with XP when an IFA leaves, indicating strong retention despite some attrition [85] Question: Buyback versus dividends - The decision to increase the buyback program over dividends was based on the belief that buybacks are currently a more attractive option for returning value to shareholders [92] Question: Future investments in IFAs - Management indicated that the previous guidance for investments in IFAs remains reasonable, with expectations for continued investment in the network [94]

Exhibit 99.1 Report on review of interim condensed consolidated financial statements To the Board of Directors and Shareholders XP Inc. Introduction We have reviewed the accompanying interim condensed consolidated balance sheets of XP Inc. and its subsidiaries ("Company") as at September 30, 2022 and the related interim condensed consolidated statements of income and comprehensive income for the quarter and nine-month period then ended, and the interim condensed consolidated statements of changes in equity ...

Exhibit 99.1 Report on review of interim condensed consolidated financial statements To the Board of Directors and Shareholders XP Inc. Introduction We have reviewed the accompanying interim condensed consolidated balance sheets of XP Inc. and its subsidiaries ("Company") as at June 30, 2022 and the related interim condensed consolidated statements of income and comprehensive income for the quarter and six-month period then ended, and the interim condensed consolidated statements of changes in equity and ca ...

1 2Q22 Earnings Presentation Important Disclosure IN REVIEWING THE INFORMATION CONTAINED IN THIS PRESENTATION, YOU ARE AGREEING TO ABIDE BY THE TERMS OF THIS DISCLAIMER. THIS INFORMATION IS BEING MADE AVAILABLE TO EACH RECIPIENT SOLELY FOR ITS INFORMATION AND IS SUBJECT TO AMENDMENT. This presentation is prepared by XP Inc. (the "Company," "we" or "our"), is solely for informational purposes. This presentation does not constitute a prospectus and does not constitute an offer to sell or the solicitation of a ...

XP Inc. (NASDAQ:XP) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET Company Participants Andre Martins – Head-Investor Relations Thiago Maffra – Chief Executive Officer Bruno Constantino – Chief Financial Officer Conference Call Participants Jorge Kuri – Morgan Stanley Otavio Tanganelli – Bradesco Tito Labarta – Goldman Sachs Thiago Batista – UBS Marcelo Telles – Credit Suisse Domingos Falavina – JP Morgan Andre Martins Okay. Hello. Good evening. Good afternoon, everyone. Thank you for participat ...

1 1Q22 Earnings Presentation Important Disclosure IN REVIEWING THE INFORMATION CONTAINED IN THIS PRESENTATION, YOU ARE AGREEING TO ABIDE BY THE TERMS OF THIS DISCLAIMER. THIS INFORMATION IS BEING MADE AVAILABLE TO EACH RECIPIENT SOLELY FOR ITS INFORMATION AND IS SUBJECT TO AMENDMENT. This presentation is prepared by XP Inc. (the "Company," "we" or "our"), is solely for informational purposes. This presentation does not constitute a prospectus and does not constitute an offer to sell or the solicitation of a ...

XP Inc. (NASDAQ:XP) Q1 2022 Earnings Conference Call May 3, 2022 5:00 PM ET Company Participants Andre Martins – Head of Investor Relations Bruno Constantino – Chief Financial Officer Thiago Maffra – Chief Executive Officer Conference Call Participants Thiago Batista – UBS Jorge Kuri – Morgan Stanley Otavio Tanganelli – Bradesco Tito Labarta – Goldman Sachs Marcelo Telles – Credit Suisse Mario Pierry – Bank of America Andre Martins Okay, good evening, everyone. Welcome to XPÂ's Earning Call for the First Qu ...

Exhibit 99.1 Report on review of interim condensed consolidated financial statements To the Board of Directors and Shareholders XP Inc. Introduction We have reviewed the accompanying interim condensed consolidated balance sheets of XP Inc. and its subsidiaries (the "Company") as at March 31, 2022 and the related interim condensed consolidated statements of income and of comprehensive income for the three-month period then ended, and the interim condensed consolidated statements of changes in equity and cash ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

1. Investments Assets Under Custody (in R$ billion) *Concentrated custodies are custodies greater than R$ 5 billion per client/economic group. These custodies are more volatile by nature. Exhibit 99.1 XP INC. REPORTS 1Q22 KPIS São Paulo, Brazil, April 12, 2022 – XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today its 1Q22 KPIs. The Portuguese version of this release can be accessed in the Press Release secti ...