Quarterly ResultMay 14, 2026, 05:08 PM
Nu Holdings Q1 Revenue $5.32B; Net Income $871M; ROE 29%
AI Summary
Nu Holdings Ltd. reported strong first-quarter 2026 financial results, with revenues surpassing $5 billion for the first time, reaching $5.32 billion, and net income of $871 million. The company achieved a Return on Equity (ROE) of 29% and expanded its global customer base to over 135 million. Nu highlighted its AI transformation, with proprietary models in production and AI Private Banker functionalities serving over 15 million monthly active users, alongside significant growth in Mexico, where it reached break-even and 15 million customers.
Key Highlights
- Total Revenue reached $5.32 billion in Q1'26, up 42% YoY.
- Net Income was $871 million, up 41% YoY.
- Return on Equity (ROE) closed the quarter at 29%.
- Customer base grew by 4 million to over 135 million globally.
- Monthly Average Revenue per Active Customer (ARPAC) reached $16.
- Efficiency Ratio improved to 17.6% from 19.9% QoQ.
- Total deposits reached $42.4 billion, up 22% YoY.
- Total credit portfolio expanded 40% YoY to $37.2 billion.
Price Impact
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