Nu Holdings Added Millions of Customers Again Last Quarter. Is the Stock Priced for That Growth?

Nu Holdings (NYSE: NU) shares rose 1.64% to $14.585 on record Q2 profit, with risk-adjusted net interest margin increasing 290 bps to 12.4%. Revenue was $5.88B, beating estimates. Late-stage delinquencies rose to 6.9%. Analysts' price targets range from $10 to $22, with a consensus of $17.98. The company has a $1B buyback program. Credit quality concerns persist.

Nu Holdings (NYSE: NU) shares rose 13% after Q2 2026 earnings beat estimates, with revenue up 50% to $5.51B and EPS up 66% to $0.22. The company gained 4M customers, reaching 139M total. Mexican regulators approved its banking license, making Nubank the largest digital bank in Mexico. Management plans a 12-30 month timeline for U.S. credit capabilities post-launch.

Maverick Capital, led by Lee Ainslie, significantly rotated its portfolio, reducing positions in NVDA and TSM and adding new stakes in META, AMD, SNOW, INTC, and NU. The fund's largest new position is in NU, with a $662.7 million investment, including call options. Other notable investments include META, where Maverick took a $430.4 million stake, and AMD, with a $567.2 million position. The moves reflect a shift in strategy, with the fund betting on AI, data cloud, and emerging market opportuni

Nu Holdings (NU) reported second-quarter results after the close, with net income exceeding $1 billion for the first time, up 49% year over year on a currency-neutral basis, and 33% return on equity. Nu said it had 118 million customers in Brazil, over half the population, and monthly activity surpassed 86%. Global customers rose to 138.9 million, up 13% YoY, while ARPAC reached $17.10.

Nu Holdings’ stock (NYSE: NU) rose 9.3% on Friday after Q2 net income of $1.06B, up 49% year over year, beat Visible Alpha’s $967.2M forecast. Risk-adjusted net interest margin increased 290 bps to 12.4%. Loan portfolio grew ~5% to $39.4B. Credit costs were $1.69B and early delinquencies fell to 4.8%.

Nu Holdings shares rose about 10% to a five-month high after the company reported record Q2 net income of roughly $1.1 billion, up 49% year over year, and gross revenue near $5.9 billion. StoneCo fell about 6% on a “more challenging” backdrop. Susquehanna raised Nu’s price target to $16 with a Neutral rating.