Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States. The company provides spending ...
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Est. EPS $0.23 · Revenue $5.94B · 6 analysts
Est. EPS $0.25 · Revenue $6.13B · 6 analysts
Est. EPS $0.87 · Revenue $22.85B · 12 analysts
Est. EPS $0.25 · Revenue $6.34B · 2 analysts
EPS $0.22 · Revenue $5.52B
EPS $0.18 · Revenue $4.98B
EPS $0.58 · Revenue $15.88B
EPS $0.16 · Revenue $4.17B
EPS $0.13 · Revenue $3.68B
EPS $0.11 · Revenue $3.25B
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $15.9B | +43.0% | +10.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $2.9B | +45.5% | +21.6% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +44.8% | -2.4% | +12.7% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +24.4% | -3.2% | +16.9% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +18.1% | +1.7% | +9.7% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $3.5B | +57.1% | -127.5% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +22.0% | +9.8% | -105.3% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 46.2% | +298.1% | +1161.2% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.59x | -38.0% | -70.0% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $74.9B | +50.0% | +6.8% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.58 vs 0.61 | -4.9% | 0.22 vs 0.23 | -2.8% |
| Revenue Surprise | $15.9B vs $14.0B | +13.4% | $5.5B vs $5.9B | -7.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 25, 2026 | Junqueira Cristina Helena Zingaretti | officer: US CEO & Chief Growth Officer | Class A Shares | D | 65,000 | $14.71 |
| Aug 24, 2026 | Junqueira Cristina Helena Zingaretti | officer: US CEO & Chief Growth Officer | Class A ordinary shares ("Class A Shares") | D | 25,000 | $15.00 |
| Aug 24, 2026 | PIACENTINI DIEGO | director | Class A ordinary shares ("Class A Shares") | A | 1,356 | — |
| Aug 24, 2026 | Moreno Mejia Luis Alberto | director | Class A ordinary shares ("Class A Shares") | A | 1,017 | — |
| Aug 24, 2026 | Sands Anita M | director | Class A ordinary shares ("Class A Shares") | A | 1,356 | — |
Operator: Good evening, ladies and gentlemen. Welcome to Nu Holdings conference call to discuss the results for the second quarter of 2026. A slide presentation is accompanying today's webcast, which is available in Nu Investor Relations website, www.investors.nu in English and www.investidores.nu in Portuguese. This conference is being recorded, and the replay can also be accessed on the company's IR website. This call is also available in Portuguese [Operator Instructions] [Foreign Language] I would now like to turn the call over to Mr. Guilherme Souto, Investor Relations Officer at Nu Holdings. Mr. Souto, you may proceed. Guilherme Souto: Thank you, operator, and thank you, everyone, for joining our earnings call today. With me on today's call are David Velez, our Founder, Chief Executive Officer and Chairman; and Rob Livingston, our Chief Financial Officer. All financial metrics discussed and presented today reflect our managerial P&L framework, which we introduced in the Q4 2025. These managerial measures are important to how we manage the business, but are not financial measures as defined under IFRS and may not be comparable to other companies. A full reconciliation report to the most directly comparable IFRS figures is available in our managerial P&L reconciliation report and in the appendix to this presentation. Unless otherwise noted, all growth rates discussed today are presented on a year-over-year FX-neutral basis. Today's discussion may include forward-looking statements, which are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those expressed or implied. Please refer to the forward-looking statements disclosure included in the earnings presentation for additional information. With that, I will now turn the call over to David. Please go ahead, David. David Velez-Osomo: Hello, everyone, and thank you for joining us today. 13 years ago, we started with a simple hypothesis that a bank built on technology with no branches and no legacy to defend could serve hundreds of millions of people better and at a fraction of the cost. Today, I'm proud to announce that in the past quarter, for the first time, we generated more than $1 billion in net income. This milestone is the result of our customer obsession translated into an earnings-generating formula. It is also a testament to the tremendous work of our team here at Nubank. 13 years later, that hypothesis continues to play out exactly as we envisioned. Our customer base reached 139 million customers, including almost 118 million in Brazil, more than 5 million in Colombia. And in the end of July, Mexico just reached 16 million customers. Engagement continued to deepen alongside that growth. Our activity rate expanded sequentially to 83.5%, while Brazil surpassed 86% for the first time. The combination of more customers and deeper engagement continues to drive monetization with ARPAC reaching $17. Together, they generated …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
Rob Livingston | Chief Financial Officer | Male | — | Active |
Guilherme Marques do Lago | Special Advisor to the Management Team | Male | 1980 | Active |
Livia Martines Chanes | Chief Executive Officer of Latin America | Female | 1983 | Active |
Eric Cristhopher Young | Chief Technology Officer | Male | 1977 | Active |
David Velez-Osomo | Founder, Chairman & Chief Executive Officer | Male | — | Active |
Guilherme Souto | Investor Relations Officer & Director of Market Intelligence | Male | — | Active |
Henrique Camossa Saldanha Fragelli | Chief Risk Officer | Male | 1978 | Active |
Roberto de Oliveira Campos Neto | Executive Vice-Chairman and Global Head of Public Policy | Male | 1969 | Active |
Cristina Helena Zingaretti Junqueira | Chief Growth Officer & CEO of US | Female | 1983 | Active |
Carl Rivera | Chief Product Officer | Male | — | Active |
Ethan Eismann | Chief Design Officer | Male | 1977 | Active |
Suzana Kubric | Chief of Human Resources Officer | Female | 1980 | Active |
Nu Holdings is upgraded to a strong buy ahead of Q2 2026, citing the best entry point since April 2024. Desenrola 2.0, Brazil's consumer debt relief program, is a key catalyst, with NU leading 40% of renegotiated debt volume. Expected benefits include improved NPLs by 40–50 bps, NIM up 70 bps QoQ, and potential $18 million unlocked in provisions.
On June 30, 2026, Baillie Gifford (Trades, Portfolio) executed a reduction of 16,634,123 shares in Nu Holdings Ltd (NYSE: NU), representing a -6.75% change in th
Nu Holdings is a fast-growing bank in Latin American markets. The company has seen a nice inflection to positive net earnings in the past few years.
Nu Holdings Ltd. (NU) Shareholder/Analyst Call Prepared Remarks Transcript
Nu Holdings Ltd. (NU) reached $14.48 at the closing of the latest trading day, reflecting a +1.05% change compared to its last close.
