Exhibit 99.1 > 1Q23 Earnings Release May 15, 2023 XP Inc. Reports First Quarter 2023 Financial Results São Paulo, Brazil, May 15, 2023 – XP Inc. (NASDAQ: XP) (“XP” or the “Company”), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the first quarter of 2023. Summary Operating Metrics (unaudited) 1Q23 1Q22 YoY 4Q22 QoQ Total Client Assets (in R$bn) 954 873 9$ bn) 16 46 ...