Nu Holdings reports record Q3 profit but misses revenue estimates
Nu Holdings released its third‑quarter 2026 results, posting net income of $1.09 billion, a 31% year‑over‑year increase on an FX‑neutral basis. Reported revenue was $5.82 billion, falling short of the $5.91 billion consensus, while earnings per share were $0.22, missing estimates by $0.01. The company highlighted a 19.3% efficiency ratio, a customer base of 143 million and expansion into the United States and global markets.
Why it matters
The record profit and improved efficiency ratio suggest strong operating leverage, which the company says supports its growth outlook; however, the revenue shortfall may temper short‑term expectations for investors (the company noted the miss in its earnings call).
Key facts
- 1Net income was $1.09 billion, up 31% YoY on an FX‑neutral basis. investing.com
- 2Reported revenue was $5.82 billion, below the $5.91 billion consensus estimate. investing.com
- 3Earnings per share were $0.22, missing estimates by $0.01. investing.com
- 4The efficiency ratio improved to 19.3%. investing.com
- 5Customer base grew to 143 million. investing.com
- 6Nu announced expansion into the United States (Nu US) and a global product offering (Nu Global) serving 37 countries. investing.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.