• XP average net profit margin for 2023 was 26.13%, a 5.6% increase from 2022.
• XP average net profit margin for 2022 was 27.68%, a 3.96% decline from 2021.
• XP average net profit margin for 2021 was 28.82%, a 10.76% decline from 2020.

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