XP(US:XP)2023-05-16 02:11Financial Highlights - Client Assets reached R$954 billion[4] - Gross Revenue reached R$35 billion, a 7% year-over-year increase[4] - EBT reached R$977 million, a 14% year-over-year increase[5] - Net Income reached R$927 million, an 8% year-over-year increase[6] Retail Revenue - Total Retail Revenue reached R$2664 million, a 15% year-over-year increase[19] - Core Retail Investments reached R$1809 million, a 1% year-over-year increase[19] - New Verticals revenue reached R$364 million, a 60% year-over-year increase[19] Strategy and Margins - The company returned R$27 billion to shareholders in LTM (Last Twelve Months)[7] - The company expects an EBT margin between 26% and 32%, converging from the bottom in 2023 to the top in 2025[28] Expenses - SG&A (excluding incentives) reflected cost structure adjustments implemented since late 2022[25] - The company had a net reduction of 782 employees in the quarter[25]