Nu Holdings Reports Record Q3 2026 Net Income of $1.1 Billion Amid Rapid Latin American Expansion
Nu Holdings (NU) delivered a strong third quarter in 2026, reporting record net income of $1.1 billion—a 31% year-over-year increase on an FX-neutral basis. Gross revenue reached a record $6.3 billion, up 37% year-over-year, fueled by a growing customer base that has now reached 143 million total users across its core markets. The company demonstrated significant scale in Brazil, where it serves 120 million customers, and saw rapid growth in Mexico and Colombia. While the net interest margin (NIM) improved to 22.5%, management noted a slight increase in the 90-plus day delinquency ratio to 7.3% due to shifts in the credit portfolio. Despite these headwinds, Nu Holdings maintained a high Return on Equity of 32% and continues to invest heavily in global expansion and new digital banking products.