# Nubank corporate expansion and financial growth

> Live situation record from CLSTR: https://clstr.news/situations/nubank-corporate-expansion-and-financial-growth
> Updated: 2026-08-13T18:12:00.000Z. Sources: 38. Developments: 2.

In July 2026, Nubank announced plans to acquire 100% of Banco Porto Real de Investimentos. The acquisition of the Rio de Janeiro-based bank was intended to secure a full banking licence to comply with Brazil’s Joint Resolution No. 17, which regulates the use of the term “bank”. The move was part of a broader R$ 45 billion investment programme in Brazil and was expected to maintain the company’s existing service model and branding.

By August 2026, Nu Holdings, Nubank’s parent company, reported record financial results for the second quarter of 2026. The quarterly net profit reached approximately $1.06 billion to $1.1 billion, marking the first time the digital lender has surpassed the US$ 1 billion threshold in a single quarter. This represents a 49% increase from the previous year on a foreign-exchange-neutral basis. Gross revenue also saw a 39% year-on-year increase, totaling roughly $5.88 billion to $5.9 billion, while the Return on Equity (ROE) rose to 33%.

The company’s global customer base reached 139 million users across Brazil, Mexico, and Colombia. In Mexico, the company has become a major digital player and the largest digital bank, reaching approximately 16 million customers, while the Brazilian user base stands at nearly 118 million. Regarding its credit portfolio, the company reported a 37% annual growth to $39.4 billion. Although early delinquency rates (15 to 90 days) saw a slight decrease to 4.8%, the delinquency rate for loans overdue by more than 90 days saw an increase to 6.9%. Management attributed this rise to the “seasonal migration of delays from the first quarter.” Additionally, the company is preparing for a debut in the United States.

## Claims

- Nu Holdings reported a record net profit of US$ 1.06 billion for the second quarter of 2026. (corroborated by 6 sources)
- Net revenue increased 39% to $5.88 billion. (corroborated by 5 sources)
- The company reached 139 million customers globally. (corroborated by 5 sources)
- The credit portfolio stood at $39.4 billion. (corroborated by 5 sources)
- Return on equity (ROE) reached 33%. (corroborated by 4 sources)
- The company reached 16 million customers in Mexico. (corroborated by 3 sources)
- Delinquency rates for debts over 90 days reached 6.9%. (corroborated by 3 sources)
- The company is preparing to debut in the U.S. (corroborated by 2 sources)

## Timeline

### 2026-08-13: Nu Holdings reports record US$ 1.06 billion quarterly profit

Nu Holdings achieved a record quarterly net profit of US$ 1.06 billion in Q2 2026, driven by a 39% revenue increase and a global customer base of 139 million across Brazil, Mexico, and Colombia.

38 sources. https://clstr.news/cluster/bemobi-reports-30-annual-revenue-growth-in-q2-2026

### 2026-07-20: Nubank acquires Banco Porto Real to secure Brazil bank licence

Nubank will buy Banco Porto Real to obtain a Brazilian banking licence required by new regulations, pending Central Bank approval, with no impact on its 115 million customers.

12 sources. https://clstr.news/cluster/banco-master-under-investigation-for-multibillionreal-loan-deals

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Cite as: Nubank corporate expansion and financial growth. CLSTR, https://clstr.news/situations/nubank-corporate-expansion-and-financial-growth