Nubank posts record $1.1B quarterly net income and reaches 143M customers

Nu Holdings reported record net income of $1.1 billion for the third quarter of 2026, up 31% year on year, with a 32% return on equity. Gross revenue reached a record $6.3 billion, up 37%.

Nubank added 3.7 million customers in the quarter to reach 143 million: nearly 120 million in Brazil, where it serves 65% of adults, 16.6 million in Mexico and 6.1 million in Colombia.

Deposits rose 19% to $47.5 billion and the credit portfolio grew 33% to $41.6 billion. The 90+ day NPL ratio rose to 7.3% from 6.9% in the second quarter, while the efficiency ratio improved to 19.3%.

Outside Latin America, Nu US launched on 10 September with a 3.5% APY account and a no-annual-fee credit card, and Nu Global, a stablecoin-based multi-currency account, went live on 15 October with customers in 37 countries.