Nu Holdings reports $1B in quarterly net income with 139 million customers

Nu Holdings, the parent company of Brazilian digital bank Nubank, reported $1.061 billion in GAAP net income for Q2 2026, marking the first time it has cleared the billion-dollar mark in a single quarter. That figure represents a 49% year-over-year increase on a currency-neutral basis and a 17% jump from the prior quarter. Shares responded accordingly, climbing roughly 9% in after-hours trading on August 13. The numbers behind the milestone Gross revenue came in at approximately $5.9 billion, growing 39% year-over-year on an FX-neutral basis. Nu’s return on equity hit 33% for the quarter. The credit portfolio expanded to $39.4 billion, up 37% year-over-year, while deposits reached $45.3 billion, an 18% annual increase. Risk-adjusted net interest margin rose to 12.4%. 139 million customers across three markets Nu’s total customer base reached 139 million as of July 2026. Brazil remains the core market with roughly 118 million customers. Mexico contributed around 16 million customers, while Colombia crossed the 5 million mark. What got Nu here Nubank launched in 2013 with a simple purple credit card and a mission to fight complexity in Brazilian banking. Nu’s pitch was straightforwar...