According to the invention, there is provided a novel soybean variety designated XB49Q07. This invention thus relates to the seeds of soybean variety XB49Q07, to the plants of soybean XB49Q07 to plant parts of soybean variety XB49Q07 and to methods for producing a soybean plant produced by crossing plants of the soybean variety XB49Q07 with another soybean plant, using XB49Q07 as either the male or the female parent.