Key Highlights

  • NU was trading up 7.57% at USD 12.73 on Friday, November 13, 2026, in market data, after third-quarter results were filed on November 12, 2026.
  • Net income was a record USD 1.09 billion, up 31%, on Revenue of USD 6.26 billion, up 37%, with a Return on Equity of 32% against 33% in the second quarter.
  • Customers reached 142.6 million, up 3.7 million in the quarter, and the Credit portfolio grew 33% to USD 41.6 billion, with deposits of USD 47.5 billion.
  • The 90-plus day non-performing Loan ratio rose to 7.3% from 6.9% in the second quarter, while the efficiency ratio improved to 19.3% from 20.3% a year earlier.

Record Profit and 37% Revenue Growth in the Third Quarter

Nu Holdings (NYSE:NU) reported third-quarter results for the period ended September 30, 2026, with Gross Profit of USD 2.60 billion, up 35%. Net interest Margin was 22.5% and Risk-adjusted net interest margin 12.1%, down from 12.4% in the second quarter. The credit portfolio included USD 27.2 billion of credit cards, USD 11.0 billion of unsecured lending and USD 3.4 billion of secured lending. The efficiency ratio was 19.3%, from 19.5% in the second quarter and 20.3% a year earlier. Deposits of USD 47.5 billion were up 19%, with USD 38.6 billion in Brazil, USD 5.3 billion in Mexico and USD 3.5 billion in Colombia. The figures are the company's managerial results as filed. No news dated Friday beyond the filing was found.

Mexico Bank Start and the Nu US and Nu Global Launches

In Mexico, Nu added 870 thousand customers in its first quarter as a bank, reaching 16.6 million. In Brazil, where customers number about 119.9 million (calculated from the totals), it serves 65% of adults, the activity rate hit a record 86.3% and personal-loan originations reached a record 22.1 billion Brazilian reais. Colombia has 6.1 million customers, and Nu is the largest credit card issuer there by cardholders, with 3 million. Nu US launched on September 10, 2026 and reached customers in all 50 states, while Nu Global launched on October 15, 2026 with customers in 37 countries. The company said their combined effect on the efficiency ratio stays within up to 100 basis points in each of 2026 and 2027.

Credit Quality Slips Slightly as Efficiency Guidance Improves

The 15 to 90 day non-performing loan ratio was 4.9% against 4.8%, and the 90-plus day ratio 7.3% against 6.9%, a small deterioration as the portfolio grows. Full-year efficiency ratio guidance was set at 19% to 19.5%, below the prior estimate near 20%. The filing disclosed no dividends, Buybacks or Capital raises. Risks include the credit cycle in Brazil, home to most customers, and the costs of the US and global launches. Watch fourth-quarter credit quality, deposit growth and the first full-year read on Mexico, where the bank launch is recent.

Where Things Stand

Likely in part, though the link is unconfirmed. Nu Holdings (NYSE:NU) rose 7.57% the day after a filing showing a record USD 1.09 billion profit, a 32% return on equity and better efficiency guidance. Slightly higher Non-Performing Loans and the costs of US expansion are the counterweights. The quoted move is a live reading and can reverse. Next markers are asset quality in the fourth quarter, Mexico's progress and the cost of Nu US and Nu Global.