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Nu Holdings Posts Strong Mid-2026 Revenue Growth as KPMG Affirms IAS 34 Compliance

Nu Holdings Posts Strong Mid-2026 Revenue Growth as KPMG Affirms IAS 34 Compliance
Story Highlights
  • Nu Holdings, parent of Nubank, reported rapid mid-2026 revenue and profit growth in Latin American digital banking.
  • KPMG’s August 13, 2026 review found Nu’s June 30, 2026 interim financials compliant with IAS 34 despite rising credit losses and costs.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Nu Holdings ( (NU) ) has provided an update.

Nu Holdings Ltd., the parent of digital bank Nubank, operates in the Latin American financial services and fintech sector, providing app-based banking, credit cards, and other consumer financial products designed to challenge traditional banks. Its business model emphasizes technology, low fees, and rapid customer acquisition in large underbanked markets such as Brazil.

On August 13, 2026, Nu Holdings released a Form 6-K featuring KPMG’s review of its unaudited interim condensed consolidated financial statements for the three and six months ended June 30, 2026. The auditor concluded that nothing had come to its attention to suggest the statements were not prepared in accordance with IAS 34, while the figures show strong year-on-year growth in revenue and gross profit alongside higher expected credit losses and operating expenses, signaling both rapid expansion and rising risk and cost levels for stakeholders.

The most recent analyst rating on (NU) stock is a Buy
with a $22.00 price target.
To see the full list of analyst forecasts on Nu Holdings stock,
see the NU Stock Forecast page.

Spark’s Take on NU Stock

According to Spark, TipRanks’ AI Analyst, NU is a Neutral.

The score is driven primarily by strong financial performance (profitability and cash generation) and a supportive earnings-call outlook on efficiency and operating momentum. This is tempered by weak technicals (price below key moving averages with negative MACD and low RSI) and moderate valuation support (P/E ~18.2 with no dividend yield provided).

To see Spark’s full report on NU stock,
click here.

More about Nu Holdings

Nu Holdings Ltd. is a Cayman Islands–incorporated financial services group best known for its Nubank digital banking platform focused on Latin America, particularly Brazil. The company offers app-based banking, credit cards, and related financial products, targeting mass-market retail customers with low-fee, technology-driven services in a high-growth fintech segment.

Average Trading Volume: 75,365,821

Technical Sentiment Signal: Hold

Current Market Cap: $65.94B

See more insights into NU stock on TipRanks’ Stock Analysis page.

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