According to the invention, there is provided a novel soybean variety designated XB47Q06. This invention thus relates to the seeds of soybean variety XB47Q06, to the plants of soybean XB47Q06 to plant parts of soybean variety XB47Q06 and to methods for producing a soybean plant produced by crossing plants of the soybean variety XB47Q06 with another soybean plant, using XB47Q06 as either the male or the female parent.