Nu Holdings Q2 2026: Net Income Up 67% to $1.06B, CET1 at 11.9%, $500M of Buyback Executed
NU sits 34% above its 52-week low of $11.2.
Summary
Nu Holdings reported Q2 2026 net income of $1.06 billion, up 67% year-over-year, with revenue up 50% to $5.51 billion. The company executed $500 million of its $1 billion buyback and maintains strong capital ratios across all operating jurisdictions.
Key Events · Earnings and Guidance · NU
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Q2 Net Income Up 67%
Net income reached $1.06 billion for Q2 2026, up from $637 million a year earlier, with diluted EPS of $0.2162 versus $0.1300.
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Revenue Growth Accelerates
Total revenue grew 50% year-over-year to $5.51 billion, driven by interest income of $4.76 billion and fee income of $752.6 million.
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Buyback Half Executed
Nu repurchased 40.7 million Class A shares for $500.4 million during H1 2026, leaving $499.6 million remaining under the $1.0 billion authorization.
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Capital Ratios Remain Strong
Brazil prudential conglomerate CET1 ratio was 11.9%, Tier 1 13.4%, and CAR 15.7% as of June 30, 2026, all above regulatory minimums.
Analysis · NU · Finance
A standout quarter for Nu Holdings: net income climbed 67% year-over-year to $1.06 billion, propelled by a 50% surge in revenue to $5.51 billion. The full financial statements paint a picture of strength, with total assets of $82.8 billion and regulatory capital ratios comfortably above minimums across Brazil, Mexico, and Colombia. Half of the $1.0 billion share repurchase program was executed in the first half, with 40.7 million shares bought back for $500.4 million. Credit quality metrics show expected credit loss coverage ratios rising modestly, reflecting portfolio growth rather than deterioration. The filing also confirms that Nubank Mexico began operating as a multiple bank on August 6, 2026, and provides details on the pending Banco Porto Real acquisition in Brazil.
At the time of this filing, NU was trading at $15.03 on NYSE in the Finance sector, with a market capitalization of approximately $67.3B. The 52-week trading range was $11.20 to $18.98. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.