Business Wire·Nov 12, 2026, 4:43 PM ET

Nu Holdings Ltd. Reports Third Quarter 2026 Financial Results

Nu Holdings Ltd. reported record Q3 2026 net income of $1.1 billion, up 31% year-over-year, with gross revenue reaching a record $6.3 billion, up 37% year-over-year.
The company added 3.7 million customers in the quarter, bringing the global total to 143 million, with activity rates rising to 86.3% in Brazil.
Nu US launched on September 10 reaching all 50 states, while Nu Global launched on October 15 serving customers in 37 countries.
Mexico saw 870,000 new customers in its first quarter as a bank, while Colombia became the largest credit card issuer by cardholders with 3 million users.
The credit portfolio grew 33% year-over-year to $41.6 billion, driven by 39% growth in unsecured lending.
Deposits increased 19% year-over-year to $47.5 billion, with the cost of deposits falling to 87% of the interbank rate.
The efficiency ratio improved to 19.3% in Q3, leading to a revised full-year 2026 guidance of 19% to 19.5%.
Asset quality metrics showed a 15–90-day NPL ratio of 4.9% and a 90+ NPL ratio of 7.3%, with 90+ NPL coverage at 234%.