XP Inc. reports Q3 EPS R$1.85 vs R$1.67 last year

Reports Q3 revenue R$3.62M vs R$3.17M last year. "Despite the changes in the macroeconomic scenario in recent quarters, the number and size of opportunities in front of us have continued to grow," the company said. "We have never lost sight of the big picture, which is our purpose and what we need to strive for everyday in order to succeed on this long-term journey. Our primary focus is to transform the investment market, providing access to products and services that help our clients build a better future. However, until a few years ago, only customers from premium segments had access to such offerings. Today, we are proud to deliver this experience to all investors, with no net worth restrictions. We believe that investment services are based on trust and relationships, while other transactional services do not demand such a strong bond with clients. Hence, our strategy is to augment credibility, gain clients’ confidence and, consequently, connect them to a complete ecosystem of financial solutions, aligned with their long-term goals. In a nutshell, we work very hard for the right to be the top-of-mind financial services provider for Brazilian investors. With the addition of complementary services such as credit, insurance, payments, among others, we have strengthened our value proposition within Investments, creating a virtuous cycle in the relationship with customers. We noticed higher client engagement in cohorts with a greater number of products, with an increase in share of wallet and unit economics, a reduction in churn and, most importantly, greater satisfaction."