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Securities (Tables)
 12 Months Ended
Dec. 31, 2024
Subclassifications of assets, liabilities and equities [abstract]  
Summary of Securities classified at fair value through profit and loss [Table Text Block] Securities classified at fair value through profit and loss are presented in the following table:
20242023
Gross carrying amount
Fair value
Group portfolio
Retirement plan assets (i)
Gross carrying amount
Fair value
Group portfolio
Retirement plan assets (i)
Financial assets
At fair value through profit or loss
Brazilian onshore sovereign bonds48,446,247 46,736,163 43,953,460 2,782,703 29,587,276 30,172,040 28,000,854 2,171,186 
Investment funds65,094,106 65,094,106 3,683,854 61,410,252 55,922,364 55,922,364 3,022,360 52,900,004 
Stocks issued by public-held company6,143,508 6,143,508 5,830,985 312,523 3,981,237 3,981,237 3,642,365 338,872 
Debentures12,806,632 12,491,790 11,898,230 593,560 4,642,827 4,575,326 4,133,285 442,041 
Structured notes15,940 20,546 20,546 — 90,876 113,816 113,816 — 
Bank deposit certificates (ii)
648,781 661,664 481,083 180,581 756,066 765,741 663,985 101,756 
Agribusiness receivables certificates1,046,979 999,636 990,119 9,517 1,132,479 1,200,254 1,183,214 17,040 
Real estate receivable certificates1,593,132 1,487,443 1,484,637 2,806 1,843,651 1,924,269 1,921,927 2,342 
Financial credit bills534,961 583,840 32,865 550,975 435,425 469,943 153,994 315,949 
Real estate credit bill366,447 366,441 366,441 — 29,126 29,157 29,157 — 
Agribusiness credit bills394,385 394,438 394,438 — 101,796 103,541 103,541 — 
Commercial notes569,465 520,349 514,409 5,940 803,256 892,569 886,149 6,420 
Foreign private bonds8,414,822 8,219,727 8,219,727 — 2,326,809 2,407,962 2,407,962 — 
Development Credit Bill4,182,406 4,195,225 4,195,225 — — — — — 
Others (iii)
2,107,849 2,070,538 1,938,125 132,413 728,344 723,993 667,902 56,091 
Total152,365,660 149,985,414 84,004,144 65,981,270 102,381,532 103,282,212 46,930,511 56,351,701 
(i)Those financial products represent investment contracts that have the legal form of retirement plans, which do not transfer substantial insurance risk to the Group. Therefore, contributions received from participants are accounted for as liabilities and an asset of the participant in the linked Specially Constituted Investment Fund (“FIE”). Besides assets which are presented segregated above, as retirement plan assets, the Group has proprietary assets to guarantee the solvency of our insurance and pension plan operations, under the terms of CNSP Resolution No. 432/2021, presented as Group portfolio, within the investment funds line. As of December 31, 2024, those assets represent R$ 84,334 (December 31, 2023 - R$202,678).
(ii)Bank deposit certificates include R$69,224 (December 31, 2023 – R$67,985) presented as cash equivalents in the statements of cash flows.
(iii)Mainly related to bonds issued and traded overseas and other securities.
Summary of Securities Classified At Fair Value Through Profit And Loss And At Fair Value Through Other Comprehensive Income Securities at fair value through other comprehensive income are presented in the following table:
20242023
Gross carrying amountFair valueGross carrying amountFair value
Financial assets
At fair value through other comprehensive income
Brazilian onshore sovereign bonds49,357,469 46,981,007 41,023,844 41,343,987 
Foreign sovereign bonds3,893,441 3,898,974 2,669,993 2,718,963 
Total53,250,910 50,879,981 43,693,837 44,062,950 
Summary of Financial Assets At Amortized Cost Securities Securities evaluated at amortized cost are presented in the following table:
20242023
Gross carrying amountBook valueGross carrying amountBook value
Financial assets
At amortized cost (i)
Brazilian onshore sovereign bonds— — 3,773,404 3,772,534 
Rural product note212,102 211,555 616,083 615,576 
Commercial notes2,638,006 2,624,591 2,472,006 2,467,311 
Total2,850,108 2,836,146 6,861,493 6,855,421 
(i)Includes expected credit losses in the amount of R$13,962 (December 31, 2023 – R$6,072). The reconciliation of gross carrying amount and the expected credit losses segregated by stages are presented in the Note 14.
Summary of Securities on the Financial Liabilities Classified at Fair Value through Profit or Loss Securities on the financial liabilities classified at fair value through profit or loss are presented in the following table:
20242023
Gross carrying amountFair valueGross carrying amountFair value
Financial liabilities
At fair value through profit or loss
Securities (i)
14,830,405 14,830,405 19,949,021 19,949,021 
(i)Related to stock loan operations carried out through the Group's proprietary funds.
Summary of Fair Value and Remaining Contractual Principal Balance Outstanding Debentures designated at fair value through profit or loss are presented in the following table:
On May 6, 2021, XP Investimentos, issued non-convertible debentures, in the aggregate amount of R$500,018, and designated this instrument as fair value through profit or loss in order to align it with the Group’s risk management and investment strategy. The principal amount is due on April 10, 2036. The accrued interest is payable every month from the issuance date and is calculated based on the IPCA (Brazilian inflation index) plus 5% p.a. On January 31, 2025, XP Investimentos repurchased the total amount of the debentures.
20242023
Gross carrying amount
Fair value
Gross carrying amount
Fair value
Financial liabilities
At fair value through profit or loss
Debentures623,620 422,971 594,332 474,053 
Unrealized gains/(losses) due to own credit risk for liabilities for which the fair value option has been elected are recorded in other comprehensive income. Gain/(losses) due to own credit risk were not material for the period ended December 31, 2024.
Determination of own credit risk for items for which the fair value option was elected
The debenture’s own credit risk is calculated as the difference between its yield and its benchmark rate for similar Brazilian federal securities.
e.1)    Difference between aggregate fair value and aggregate remaining contractual principal balance outstanding
The following table reflects the difference between the aggregate fair value and the aggregate remaining contractual principal balance outstanding as of December 31, 2024 for instruments for which the fair value option has been elected.
2024
Contractual principal outstandingFair valueFair value/(under) contractual principal outstanding
Long-term debt
Debentures623,620 422,971 (200,649)
2023
Contractual principal outstandingFair valueFair value/(under) contractual principal outstanding
Long-term debt
Debentures594,332 474,053 (120,279)
Summary of Securities classified by maturity Securities classified by maturity:
AssetsLiabilities
2024202320242023
Financial assets
At fair value through PL and at OCI
Current100,930,547 74,520,326 14,830,405 19,949,021 
Non-stated maturity68,336,068 47,996,237 14,830,405 19,949,021 
Up to 3 months7,800,480 18,207,233 — — 
From 4 to 12 months24,793,999 8,316,856 — — 
Non-current99,934,848 72,824,836 422,971 474,053 
After one year99,934,848 72,824,836 422,971 474,053 
Evaluated at amortized cost
Current87,633 4,560,263 — — 
Up to 3 months9,457 2,015,126 — — 
From 4 to 12 months78,176 2,545,137 — — 
Non-current2,748,513 2,295,158 — — 
After one year2,748,513 2,295,158 — — 
Total203,701,541 154,200,583 15,253,376 20,423,074 
The reconciliation of expected loss to financial assets at amortized cost segregated by stage is demonstrated in Note 14.