Nu Holdings (NU) Reports Record Q1 2026 Revenue Surpassing $5B and $871M Net Income

Nu Holdings Ltd. (NYSE:NU) is one of the best low priced stocks to buy for the next 3 years. On May 14, Nu Holdings reported record results for Q1 2026, with revenue surpassing $5 billion for the first time and net income reaching $871 million, representing a 41% year-over-year increase. The company added 4 million customers in the quarter to cross 135 million globally, driven by Brazil expanding past 115 million and Mexico achieving break-even profitability with 15 million customers.

The total credit portfolio expanded 40% year-over-year to $37.2 billion, which outpaced liabilities and pushed the net interest margin to 21.1%. Due to Q1 seasonality and intentional expansions into higher-risk segments, credit loss allowances rose 33% quarter-over-quarter to $1.79 billion, lowering the risk-adjusted NIM to 9.5%. Consequently, the early-stage 15-90 NPL ratio rose to 5.0%, while the 90+ NPL ratio eased slightly by 10 basis points to 6.5%.

Nu Holdings (NU) Reports Record Q1 2026 Revenue Surpassing $5B and $871M Net Income

A key growth driver was Nu Holdings Ltd.’s (NYSE:NU) AI transformation, featuring its proprietary “NuFormer” foundation models currently optimizing real-time credit decisioning in Brazil and Mexico. The company’s AI Private Banker functionalities now serve over 15 million monthly active users, leveraging a cloud-native tech stack and a massive first-party dataset.

Nu Holdings Ltd. (NYSE:NU) operates as a digital banking platform provider. The company provides spending solutions, including Nubank+ Tier, Nu credit and prepaid card, Ultraviolet credit and prepaid card, mobile payment solutions, and Nu Shopping. It also offers transactional Solutions, and savings & investing solutions.

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