Quarterly ResultMay 14, 2026, 05:07 PM
Nu Holdings Q1 Revenue +53% to $4.97B; Net Income +56% to $871M
AI Summary
Nu Holdings Ltd. reported strong financial results for the first quarter of 2026, with total revenue increasing by 53.0% to $4.97 billion and net income rising by 56.4% to $871.4 million compared to the prior year. Basic earnings per share also saw a significant increase to $0.1796. The company also highlighted key regulatory advancements, including conditional approval for a US national bank charter and approval for Nu Mexico Financiera to convert into a bank.
Key Highlights
- Q1 2026 Total Revenue increased 53.0% to $4.97 billion.
- Q1 2026 Net Income rose 56.4% to $871.4 million.
- Basic Earnings Per Share for Q1 2026 was $0.1796, up 55.2% from $0.1157.
- Expected credit loss increased 76.5% to $1.72 billion.
- Total assets grew to $77.46 billion as of March 31, 2026.
- Deposits reached $42.45 billion as of March 31, 2026.
- Received conditional OCC approval for a US national bank charter on January 29, 2026.
- Nu Mexico Financiera received regulatory approval to convert into a bank on April 24, 2025.