Nu Holdings, the parent company of Nubank, reported $1.061 billion in GAAP net income for the second quarter of 2026, its first quarterly result above $1 billion. Net income rose 49% year over year on a currency-neutral basis and 17% from the previous quarter, while gross revenue reached approximately $5.9 billion, up 39% on an FX-neutral basis. Shares gained roughly 9% in after-hours trading on August 13. Nu’s return on equity was 33%, its credit portfolio grew 37% year over year to $39.4 billion, deposits rose 18% to $45.3 billion and risk-adjusted net interest margin reached 12.4%. The customer base totaled 139 million as of July 2026, including roughly 118 million in Brazil, around 16 million in Mexico and more than 5 million in Colombia. An earlier account of the earnings cited approximately $1.06 billion to $1.1 billion in net income, 67% annual growth and roughly 52% revenue growth; those figures differ from the latest reported metrics. Existing coverage also recorded a later September 2 move to $15.32, a $1 billion buyback plan and analyst targets ranging from $18 to $23. Nu launched in Brazil in 2013, went public on the NYSE in December 2021 and has indicated interest in eventually serving Latin American communities in the United States. Its rapid credit expansion and Brazil concentration remain key risks to monitor.