On the Record · XP
XP competitors, on the record
The companies XP names as competitors in its annual reports, 2023 to 2025, and the companies that name XP, each with the sentence and the filing.
Who XP names
| Company | Named in |
|---|---|
| Banco do Brasil | 2025 |
| Bradesco | 2025 |
| BTG Pactual | 2025 |
| Caixa | 2025 |
| Inter | 2025 |
| Itaú Unibanco | 2025 |
| Nubank | 2025 |
| Safra | 2025 |
| Santander | 2025 |
In its own words
Banco do Brasil, Bradesco, Caixa, Itaú Unibanco, Santander
Word for word“Our primary competitors are traditional financial institutions, including Itaú Unibanco, Bradesco, Caixa, Banco do Brasil and Santander.” 20-F for 2025
BTG Pactual, Inter, Nubank, Safra
Word for word“We also face competition across business units, particularly from other financial services companies such as BTG Pactual, Safra, Nubank and Inter, among others.” 20-F for 2025
Who names XP
Companies whose own annual reports name XP as a competitor.
Word for word“• Investments: In the investments business vertical, our main competitors are XP, Guide, and Sofis.” 20-F for 2025
Word for word“Our main competitors in private pension plan products are Banco BTG Pactual, XP, Banco Bradesco and Banco do Brasil.” 20-F for 2025
Word for word“In the Brazilian investment segment, in addition to certain of our competitors in the consumer credit space, our main competitors include Banco BTG Pactual S.A., Banco Inter S.A., Banco C6 S.A. and XP Inc.” 20-F for 2025
Read from XP’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-04-29. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.