XP's Active Clients In 3Q23 Grew 10% QoQ And 16% YoY, Totaling 4.4M; Net Inflow Was Up 118% QoQ And 38% YoY
Portfolio Pulse from Benzinga Newsdesk
XP Inc. reported a 10% QoQ and 16% YoY increase in active clients in 3Q23, totaling 4.4 million. Client assets totaled R$1.1 trillion, up 17% YoY and 6% QoQ. Net inflow was R$48 billion, up 118% QoQ and 38% YoY. The figures include R$34 billion of client assets from Modal. Retail daily average trades were down 9% YoY and 2% QoQ.
October 25, 2023 | 6:44 am
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XP Inc. reported strong growth in active clients and client assets in 3Q23. However, retail daily average trades were down both YoY and QoQ.
The increase in active clients and client assets indicates a strong performance by XP Inc. However, the decrease in retail daily average trades could indicate a slowdown in trading activity, which could potentially impact future revenues.
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