Nu Posts Record Q3 Profit as Customer Base Reaches 143 Million

Overview

• Nu reported record third-quarter results late Thursday, Nov. 12, with net income of about $1.1 billion and managerial revenue up roughly 37 percent.
• The company added about 3.7 million customers in the quarter, bringing its total to roughly 143 million users across Brazil, Mexico and Colombia.
• Nu’s shares jumped in response to the results, rising roughly 3 to 4 percent in Friday premarket trading to about $12.20–$12.31 and closing higher on wider market coverage.
• New launches are expanding addressable markets: Nu US opened a fee-free account nationwide in September with a 3.5 percent yield and Nu Global launched a stablecoin-based multicurrency account in October, with management saying each business could cost up to 100 basis points of efficiency in 2026–2027.
• Credit balances expanded sharply, with the credit portfolio up 33 percent to $41.6 billion while 90-plus-day delinquencies rose to 7.3 percent and the allowance for credit losses climbed to $7.1 billion, a trend that increases near-term credit risk as unsecured lending and card balances grow.