Nu Holdings, the parent company of Brazilian digital bank Nubank, reported $1.061 billion in GAAP net income for Q2 2026, marking the first time it has cleared the billion-dollar mark in a single quarter. This figure represents a 49% year-over-year increase on a currency-neutral basis and a 17% jump from the prior quarter. Gross revenue came in at approximately $5.9 billion, growing 39% year-over-year on an FX-neutral basis, while return on equity hit 33%. The credit portfolio expanded to $39.4 billion, up 37% year-over-year, and deposits reached $45.3 billion, an 18% annual increase. The company now serves 139 million customers across three markets: 118 million in Brazil, 16 million in Mexico, and over 5 million in Colombia.
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