Nu earns record quarterly net income; Mexico expansion accelerates growth
Aug 13, 2026, 5:43 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Strong profitability, expanding deposits, and Mexico market leadership could lift valuation and trigger upside in NU stock; risks include expansion-related costs and LATAM macro volatility; historical peers benefited from durable ROEs when digital banks scale efficiently.
AI summary
What happened, with direct paths to the underlying reporting
Nu delivered a strong Q2'26, with net income surpassing $1.1B and ROE at 33%, driven by higher NIM and robust credit performance. The Mexico launch makes Nu the largest digital bank in the country, expanding its customer base to about 16 million and reinforcing a differentiated, AI-enabled platform across Brazil and LATAM.
Q2'26 revenue nearly $5.9B, up 39% YoY.
Net income $1.1B; ROE 33%.
Mexico launch makes Nu the largest digital bank there.
ARPAC about $17; monthly activity 83.5%.
Deposits up 18% YoY to $45.3B.
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