Display color for xprofile field value

add_filter( 'bp_get_the_profile_field_value', function ( $value, $field_type ) {

    if ( 'color' == $field_type ) {
        $value = sprintf( '<div style="background-color:%s;width:20px;height:20px;"></div>', $value );
    }

    return $value;
}, 10, 2 );