Nu Holdings reports record Q3 2026 profit and strong customer growth
Nu Holdings announced third‑quarter 2026 net income of $1.1 billion, up 31% year‑over‑year on an FX‑neutral basis, and gross revenue of $6.3 billion, a 37% increase. The digital bank added 3.7 million customers, bringing its total to 143 million, and expanded into the United States and a global offering. Efficiency ratio improved to 19.3% and full‑year guidance was lowered to 19‑19.5%.
Why it matters
The company’s record profit and customer expansion drove the stock to rise between 7% and 12% in after‑hours trading. Management’s tighter efficiency‑ratio guidance suggests higher profitability margins for 2026, which could support valuation multiples.
Key facts
- 1Net income was $1.1 billion, a 31% YoY increase on an FX‑neutral basis. fool.com
- 2Gross revenue reached $6.3 billion, up 37% YoY on an FX‑neutral basis. fool.com
- 3Total customers grew to 143 million, with 3.7 million net additions in the quarter. fool.com
- 4Efficiency ratio improved to 19.3%, down from 20.3% a year earlier. fool.com
- 5Full‑year 2026 efficiency‑ratio guidance was set at 19%‑19.5%, lower than the prior target of about 20%. fool.com
- 6The company launched Nu U.S. in September and Nu Global on Oct. 15, now serving customers in 37 countries. fool.com
Summary written by AlphAI AI Desk from 17 of 17 sources. Not investment advice. Figures are as stated by the linked sources.