Nu Holdings reported second-quarter 2026 earnings that beat expectations, with EPS of $0.22 versus a consensus estimate of $0.20 and revenue of $5.51 billion topping the $5.45 billion forecast. Risk-adjusted net interest margin expanded to a record 12.4% from 9.5% in the prior quarter. CFO Rob Livingston attributed roughly one-third of the margin expansion to the Desenrola programme, with the remainder from solid credit performance and higher balances. He told analysts margins should remain in the same region for the foreseeable future, though cautioned against treating 12.4% as a floor. CEO David Vélez highlighted the expansion of NuFormer, the company's AI system, which now supports credit cards in Brazil and Mexico and unsecured lending in Brazil. AI agents handle more than 60% of customer-support conversations in Brazil at or above human parity.

Nu Holdings shares surged 9.1% in pre-market trading after reporting its first quarterly profit exceeding $1 billion. The Latin American digital banking group posted net income of $1.06 billion for the second quarter, representing 49% currency-neutral growth and beating analyst expectations of $967 million. Total revenue reached $5.88 billion, whilst earnings per share of $0.22 surpassed the $0.20 consensus estimate. Risk-adjusted net interest margin climbed to a record 12.4%, and the efficiency ratio fell to an all-time low. Nu's board authorised a $1 billion share repurchase programme. The company also announced Nubank's acquisition of Banco Porto Real de Investimentos to secure an additional Brazilian banking licence. Nu Mexico reached break-even and became the country's third-largest financial institution.

Nu Holdings reported second-quarter earnings of $0.22 per share, exceeding the Zacks Consensus Estimate of $0.20 per share. This represents a 10% earnings surprise and compares to $0.14 per share in the same quarter last year. The Brazilian digital bank posted revenues of $5.51 billion for the quarter ended June 2026, surpassing consensus estimates by 1.08%. This compares to year-ago revenues of $3.67 billion. The company has topped consensus revenue estimates three times over the past four quarters. Despite the positive results, Nu shares have declined approximately 19% year-to-date, whilst the S&P 500 has gained 13.2%. The company currently holds a Zacks Rank of 4 (Sell), suggesting potential near-term underperformance based on unfavourable earnings estimate revision trends.