Quarterly ResultMay 14, 2026, 05:07 PM
Nu Holdings Q1 Net Income $871.4M, up 41% FXN YoY; Portfolio $37.2B
AI Summary
Nu Holdings Ltd. reported strong financial results for Q1 2026, with Net Income rising 41% FXN year-over-year to $871.4 million and Gross Profit increasing 27% FXN to $1.88 billion. The company demonstrated significant growth in its Total Portfolio Volume, up 40% FXN to $37.2 billion, and Total Deposits, up 22% FXN to $42.4 billion. Mexico operations reached break-even, and the company highlighted its AI transformation efforts and a robust balance sheet with strengthening coverage metrics.
Key Highlights
- Net Income reached $871.4 million, increasing 41% FXN year-over-year.
- Gross Profit was $1.88 billion, up 27% FXN year-over-year.
- Total Portfolio Volume expanded to $37.2 billion, a 40% FXN increase year-over-year.
- Total Deposits grew to $42.4 billion, reflecting 22% FXN year-over-year growth.
- Efficiency Ratio improved to 17.6%, with a Core Efficiency Ratio of 16.6%.
- Mexico operations achieved break-even Net Income in Q1 2026.
- Return on Equity (ROE) was 29%, with an Adjusted ROE of 31%.
- Total Coverage Over NPL 90+ stood at 249.0%.
Price Impact
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