• XP average net profit margin for 2023 was 26.31%, a 6.67% decline from 2022.
• XP average net profit margin for 2022 was 28.19%, a 0.14% decline from 2021.
• XP average net profit margin for 2021 was 28.23%, a 10.75% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.