EarningsQ2 2026 Earnings Report
MX:NUN Q2 2026 EPS Results
Actual EPS$4.00
Consensus EPS$3.60
Beat/MissBeat by +$0.40
One Year Ago EPS$2.54
MX:NUN Q2 2026 Revenue Results
Actual Revenue$94.00B
Expected Revenue$97.90B
Beat/MissMissed by -$3.90B
YoY Revenue Growth+53.59%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeAfter Close
Conference CallThursday, August 13, 2026
MX:NUN Upcoming Earnings
Nu Holdings's next earnings date is estimated for November 12, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:NUN Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial performance: record profitability, broad-based portfolio growth, significant margin expansion, and meaningful progress in AI and product initiatives (Mexico banking license, new Croma offering). Headline results were tempered by seasonal delinquency dynamics, continued provisioning for portfolio growth, deposit optimization (notably in Mexico), and higher quarter operating expenses related to timing and investment. Management positioned most negatives as expected, disciplined, and/or strategic (intentional risk expansion, deposit optimization, one-time timing), while emphasizing sustainability of improved unit economics.Company Guidance
Record Net Income
Net income exceeded $1 billion for the first time, reaching $1.1 billion (up 49% year-over-year and 17% quarter-over-quarter) with return on equity at a record 33%.
Strong Revenue and Profit Growth
Gross revenue reached $5.9 billion (up 39% YoY). Gross profit was $2.4 billion (up 43% YoY and 25% sequentially). Net revenues surpassed $4.0 billion for the first time ($4.1 billion).
Margin Expansion and Lending Performance
Net interest income was $3.7 billion (up 9% YoY); net interest margin expanded 180 bps to 22.9%. Risk-adjusted net interest margin widened to 12.4% (from 9.5%), driven by credit income and lower cost of credit.
Robust Portfolio Growth
Consolidated credit portfolio grew to $39.4 billion (up 37% YoY, 5% sequentially). Card balances $26 billion (up 35% YoY), unsecured lending $10.3 billion (up 45% YoY), secured lending $3.1 billion (up 30% YoY).
Customer and Engagement Scale
Customer base reached 139 million (≈118M Brazil, 16.5M Mexico, >5M Colombia). Activity rate rose to 83.5% overall and surpassed 86% in Brazil. ARPAC reached $17 (Mexico ARPAC $12.3 at similar penetration stage).
Technology & AI Progress (NuFormer)
Launched and scaled NuFormer foundation model: hybrid linear attention architecture, increased GPU capacity, quadrupled training/inference speed, large reductions in production cost. AI agents handle >60% of customer support in Brazil with ratings at or above human parity; platform applied across underwriting, growth and personalization.
MX:NUN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed