Nu Holdings Reports Q1 2026 Earnings: Net Income Misses Estimates Despite Record Revenue
NU is trading near its 52-week low of $11.71 (3.0% above the low).
Summary
Nu Holdings reported Q1 2026 net income of $871 million, missing analyst estimates, despite achieving record revenues of over $5 billion and robust customer growth to 135 million.
Key Events · Earnings and Guidance · NU
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Net Income Misses Estimates
Q1 2026 net income was $871 million, falling short of analyst estimates of $980 million, and down 5% quarter-over-quarter.
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Record Revenue Achieved
Total revenue surpassed $5 billion for the first time, reaching $5.315 billion, up 7% QoQ and 42% YoY.
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Strong Customer Growth
Nu added approximately 4 million customers in Q1 2026, reaching a total of over 135 million globally.
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Mexico Operations Reach Break-Even
The company's operations in Mexico achieved break-even in Q1 2026, reaching 15 million customers and becoming the third largest financial institution in the market.
Analysis · NU · Finance
Nu Holdings reported Q1 2026 net income of $871 million, falling short of analyst estimates of $980 million. While the company achieved record revenues exceeding $5 billion and strong customer growth, the miss on the bottom line and a sequential decline in Return on Equity (ROE) to 29% from 33% in Q4 2025 are key concerns. The 15-90 NPL ratio also increased, though the company attributes this to seasonality and strategic expansion into higher-risk segments. The stock is currently trading near its 52-week low, which could amplify the market's reaction to the earnings miss.
At the time of this filing, NU was trading at $12.06 on NYSE in the Finance sector, with a market capitalization of approximately $62.8B. The 52-week trading range was $11.71 to $18.98. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.