Brazil Q4 Earnings Hit Record Lows on Beat Rates as Selic Bites

2026-03-16 - 10:03

Key Points — Only 37% of Brazilian companies beat net income estimates in Q4 2025, the lowest in XP’s history, while just 21% topped EBITDA forecasts versus a 42% long-term average — XP attributes the weak results to the peak impact of the Selic rate at 15%, the highest since 2006, which has compressed domestic