Nu Holdings Hits $1 Billion Quarterly Profit

Overview

• Nu reported roughly $1.1 billion in net income for Q2 2026 and about $5.9 billion in revenue, with revenue up 39% year over year and profit rising 49% on a currency‑neutral basis.
• The company now serves about 139 million customers across Brazil, Mexico and Colombia and is scaling lending rapidly outside Brazil where many deposits are still untapped.
• Operational metrics improved as efficiency ratio fell to about 19.5% and net interest margin rose to 22.9%, while average revenue per active customer reached roughly $17 and return on equity hit about 33%.
• Credit costs and delinquencies are the main risk: 90‑day plus delinquency rose to 6.9% and the quarter carried about $1.7 billion in cost of credit as the loan book grew about 37% currency‑neutral.
• Investors face a tradeoff between growth and risk because the stock trades at a premium, so the market will watch ARPAC, return on equity and loan performance for signs the profit milestone is durable.