Key Takeaways for Nu Holdings Stock as of August 2026
- First Billion-Dollar Quarter: Nu Holdings posted $5,513.21M in Q2 revenue (up 50.29% YoY, a 0.61% beat vs. Street) and $1,175.57M in net income, a 21.72% beat that marked the company’s first quarter ever above $1B in profit.
- Margin Record: Risk-adjusted net interest margin expanded to 12.4% from 9.5% a year ago, with management calling that level sustainable “for the foreseeable future” rather than a peak to fade from.
- Mexico Goes Full-Bank: Mexican regulators approved Nu’s banking license this month, converting a credit-first fintech with 16M customers into a deposit-taking bank management says can eventually match 60% to 70% of Brazil’s business.
- David Velez: Nu’s founder and CEO framed the quarter as validation of a 13-year thesis, telling investors the company “generated more than $1 billion in net income” for the first time and calling it proof the original branchless model still compounds at scale.
Nu just posted a billion-dollar quarter and still says risk-adjusted margins have room to hold at 12%. That combination is worth understanding before the stock re-rates further. See the full breakdown on TIKR for free →
Nu Holdings Crosses $1 Billion in Quarterly Profit as Mexico’s Bank License Clears
Nu Holdings (NU) delivered the first billion-dollar net income quarter in its history on August 13, 2026, with Q2 revenue of $5,513.21 million and net income of $1,175.57 million, both ahead of Street estimates by 0.61% and 21.72% respectively. Adjusted EPS of $0.24 beat estimates of $0.20 and grew 65.42% year over year. The print capped a quarter in which EBIT margins held near 22.51% even as the company absorbed a CFO transition, with Rob Livingston formally succeeding Guilherme Lago mid-quarter.
The headline number that explains the profit jump sits inside the credit book. Risk-adjusted net interest margin, which nets out expected credit losses against interest income, expanded to a record 12.4% from 9.5% a year earlier and up roughly 300 basis points from the prior quarter. CFO Rob Livingston broke down the move on the call: credit income contributed 178 basis points of the sequential gain and a lower cost of credit added another 115 basis points, with a government debt-renegotiation program called Desenrola accounting for only about a third of that improvement. The rest came from stronger loan growth compounding into revenue and from credit performance that came in better than the company itself expected.
That expansion did not require looser underwriting. The credit portfolio grew 37% year over year to $39.4 billion, and 90-plus-day delinquencies rose 35 basis points to 6.9% on normal seasonal migration, not deterioration. Founder and CEO David Velez-Osomo tied the discipline directly to the milestone on the Q2 earnings call: “Today, I’m proud to announce that in the past quarter, for the first time, we generated more than $1 billion in net income.” That statement matters because it followed 13 years of building toward exactly this kind of operating leverage, with the efficiency ratio landing at 19.5% even as operating expenses climbed 20% quarter over quarter on real estate, marketing and international expansion costs.
Mexico is where that leverage gets tested next. Regulators approved Nu’s banking license this month, completing its shift from a credit-first fintech into a full deposit-taking bank across 16 million customers. Management pointed to ARPAC of $12.30 in Mexico against $5.60 in Brazil at the same penetration stage, and said the market broke even in six years versus eight for Brazil. Deposits overall reached $45.3 billion, up 18% year over year, while the loan-to-deposit ratio sat at just 35%, leaving room to reallocate low-yield deposits into higher-yielding credit as Mexico scales.
Nu Holdings stock now carries a credit engine posting record risk-adjusted margins and a second core market that just unlocked payroll deposits and higher insurance limits. That combination is precisely what the model card below is pricing.
Nu just cleared $1 billion in quarterly profit with margins still expanding. See what that record quarter means for Nu Holdings stock’s long-term target. Check the current model on TIKR for free →
TIKR Values Nu Holdings Stock at $44, a 216% Return by 2030
TIKR’s mid-case model values Nu Holdings at $44 by December 2030, implying a 216% total return from the current price of $13.93, or 30% annualized over 4.4 years.
A 30% annualized return sits well above what most large-cap financial stocks offer, and it places Nu Holdings stock among the more aggressive growth calls inside TIKR’s coverage of the sector. That gap between Nu’s current price and the model’s target reflects a business still compounding revenue at scale rather than one priced for deceleration.
The target rests on the same dynamics driving the quarter just reported: a risk-adjusted margin at a record 12.4% that management calls durable, a loan-to-deposit ratio of just 35% that leaves room to convert cheap deposits into higher-yielding credit, and a Mexican banking license that just unlocked a market management sizes at 60% to 70% of Brazil’s opportunity.
Should You Invest in Nu Holdings Ltd.?
The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.
Pull up Nu Holdings Ltd. stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
You can build a free watchlist to track Nu Holdings Ltd. alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
