NU Holdings posts record Q2 2026 with $1B net income and 39% revenue growth

NU Holdings (NU) reported record Q2 2026 results, surpassing $1 billion in net income and achieving 39% year-over-year revenue growth. The company expanded its customer base to 139 million, with increased activity rates and a 22% rise in monthly revenue per active user, while maintaining a low cost of $1 per user. NU's risk-adjusted profit margin reached 12.4%, driven by high-yield credit products and strong risk management, outperforming peers. The analyst maintains a Buy rating, highlighting NU's strong growth, profitability, and cautious expansion strategy with plans to reduce holdings around $18 per share.