XP to cancel 2.3% of class A shares, reports in line financial results

XP announced it will cancel 11,791,755 class A treasury shares, equal to 2.3% of its total share count. The cancellation reduces outstanding shares to 508,500,275 from 520,292,030, a move that can modestly improve per-share metrics such as EPS and ownership concentration. The market reaction was slightly negative, with XP shares down 1.02% in post-market trading to $15.54. The news is primarily a capital-management action rather than an operational update, so the impact is likely limited to sentiment and share-count related valuation effects.