[REVISION HISTORY]

Nubank corporate expansion and financial growth

Updated 7 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-03 11:03 UTC → 2026-09-13 22:02 UTC · added ~~removed~~

In July 2026, Nubank announced plans to acquire 100% of Banco Porto Real de Investimentos to secure a full banking licence in Brazil, part of a R$ 45 billion investment programme. By August 2026, Nu Holdings reported record financial results for the second quarter of 2026, with quarterly net profit reaching between US$ 1.06 billion and US$ 1.1 billion. This marked the first time the digital lender surpassed the US$ 1 billion threshold in a single quarter, representing a 49% to 67% increase on a year-on-year basis. Gross revenue rose significantly, with reports indicating a 39% to 52% increase compared to the previous year. The company’s Return on Equity (ROE) remained at 33%, and earnings per share exceeded Wall Street forecasts by 13%. The company’s global customer base grew to 139 million users, having added approximately 4 million customers during the quarter. This includes nearly 118 million in Brazil, approximately 16 million in Mexico, and over 5 million in Colombia. In Mexico, the company has launched banking operations. Regarding its credit portfolio, which grew 37% to US$ 39.4 billion, the company noted that while short-term delinquency rates (15 to 90 days) fell to 4.8%, long-term delinquency rates (over 90 days) rose to 6.9%. Management attributed this to the “seasonal migration of delays from the first quarter.” Following these results, Nu Holdings shares rose approximately 6% to $15.32, prompting several financial institutions, including Citi and JPMorgan, to upgrade their outlooks. The company also announced a $1 billion share repurchase initiative. However, some analysts expressed caution regarding valuation and potential risks to the consumer-focused loan book if the Brazilian labor market weakens. In September 2026, the company expanded its international footprint by entering the United States market through a partnership with Lead Bank.

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