XP Inc. (XP) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: April 29, 2026

Risk Assessment Details

Potential Dilution: 12.05% of current shares
Recent Dilution: 0% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
420M
Potential Supply
50M
Additional shares possible
Splits
None
Past 2 years

Summary

XP currently has 415M outstanding shares. with limited dilution risk as only 50M additional shares (12.0%) are authorized for issuance. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 29, 2026

20-F filing | 415.4M shares outstanding

420M 50M
Apr 24, 2025

20-F filing | 434.0M shares outstanding

430M 50M
Apr 26, 2024

20-F filing | 436.8M shares outstanding

440M 50M
Apr 27, 2023

20-F filing | 447.8M shares outstanding

450M 50M
Mar 07, 2023

RW filing: XP Inc. is requesting the withdrawal of its Registration Statement on Form F-4 because it does not plan to pursue a public offering in the United States at this time.

420B 50M
Apr 13, 2022

20-F filing | 424153.7M shares outstanding

420B 50M
Apr 29, 2021

20-F filing | 377.8M shares outstanding

380M 50M
Nov 30, 2020

F-1 filing: This F-1 filing outlines the offering of Class A common shares by the company and a selling shareholder, with underwriters having an option to purchase additional shares.

560M 50M
Jun 29, 2020

F-1 filing: This F-1 filing is for an offering of Class A common shares by selling shareholders, with an option for underwriters to purchase additional shares. The company will not receive any proceeds from the sale.

360M 22M
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