Nu Holdings Posts Record Q3 Net Income of $1.1 Billion as It Launches in the US and 37 Countries

Nu Holdings reported record third-quarter results on November 12, 2026, with net income reaching $1.1 billion, up 31% year over year, and a return on equity of 32%. Gross revenue hit a record $6.3 billion, up 37% year over year and above the analyst consensus estimate of $5.96 billion, while earnings per share of $0.2235 came in line with expectations. The stock rose about 3% following the report.

The company added 3.7 million customers in the quarter, bringing its global total to 143 million: nearly 120 million in Brazil, 16.6 million in Mexico and 6.1 million in Colombia. Brazil's customer activity rate rose for the seventh consecutive quarter to a record 86.3%, and monthly average revenue per active customer reached approximately $18. Nu now serves 65% of Brazilian adults.

Nu's total credit portfolio grew 33% year over year and 6% quarter over quarter to $41.6 billion, with credit cards at $27.2 billion, unsecured lending at $11.0 billion and secured lending at $3.4 billion. Secured-loan originations set a record in the quarter. Gross profit rose 35% year over year to $2.6 billion.

Beyond Latin America, Nu launched Nu US on September 10, offering a 3.5% APY deposit account, fee-free transfers to Brazil, Mexico and Colombia, and a no-annual-fee credit card with 1.5% cashback. The product reached customers in all 50 US states within weeks of launch. Nu also introduced Nu Global, a stablecoin-based multi-currency account that went live on October 15 and already serves customers in 37 countries. Mexico added 870,000 customers in the quarter, its first full quarter operating as a licensed bank, and Nu became Colombia's largest credit card issuer by number of cardholders.