Quarterly ResultAug 13, 2026, 05:09 PM
Nu Holdings Q2 Net Income $1.1B, Up 49% YoY; Customers Hit 139M
AI Summary
Nu Holdings Ltd. reported strong financial results for Q2 2026, with net income reaching $1.1 billion, a 49% year-over-year increase. Gross revenue climbed 39% YoY to nearly $5.9 billion, and gross profit rose 43% YoY to $2.4 billion. The company expanded its customer base to 139 million, adding 4 million new customers in the quarter, and achieved a Return on Equity (ROE) of 33%. Nu also launched its bank in Mexico, becoming the largest digital bank in the country with 16 million customers, and continued to deepen its presence in Brazil with a full banking license and new offerings.
Key Highlights
- Net Income reached $1.1 billion, up 49% YoY and 17% QoQ.
- Gross Revenue grew 39% YoY to nearly $5.9 billion.
- Total customers reached 139 million, adding approximately 4 million in Q2'26.
- Monthly Average Revenue per Active Customer (ARPAC) reached $17.
- Efficiency Ratio increased to 19.5% from 17.6% in Q1'26.
- Return on Equity (ROE) closed the quarter at 33%.
- Launched bank in Mexico, becoming the largest digital bank with 16 million customers.
- Total credit portfolio expanded 37% YoY to $39.4 billion.
Price Impact
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