Nu Holdings 3Q Profit, Revenue Grow Amid Expansion Outside Brazil
By Elias Schisgall
Nu Holdings reported a higher profit and growing revenue as the company continued to add customers across Latin America.
The Brazilian financial technology company on Thursday reported a profit of $1.09 billion, or 22.35 cents a share, compared with a profit of $782.7 million, or 15.95 cents a share, a year earlier.
Revenue grew to $5.82 billion, up from $4.17 billion a year prior.
On an adjusted basis, net interest income was $3.9 billion during the third quarter with a net interest margin of 22.5%.
Nu said that beyond its core market of Brazil, where it serves 65% of the adult population, its customer bases in Colombia and Mexico grew 62% and 27%, respectively. Chief Executive David Vélez added that the company recently launched its Nu US and Nu Global offerings, reaching customers in 37 countries and all 50 U.S. states.
"We delivered record quarterly net income of $1.1 billion while continuing to grow across our core markets and taking our first steps beyond Latin America," he said.
Shares were up 1.9% at $12.06 after-hours.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
November 12, 2026 17:36 ET (22:36 GMT)
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