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Nu Holdings shares drop after Q1 beats revenue estimates but raises concerns on margins and US expansion costs.

Company Fundamentals
14 May 2026
Chris Katje
View Source
Bearish
pluang ai news

Nu Holdings reported a strong Q1 with revenue of $5.32 billion, up 42% year-over-year, surpassing estimates and hitting a record quarterly revenue. Net income rose 41% to $871 million, and the company added 4 million customers, reaching over 135 million globally. Despite these gains, shares fell nearly 10% due to worries about profit margins, slower customer growth, and increased spending on US market expansion. CEO David Vélez emphasized AI as a core focus, aiming to rebuild banking around AI while cautiously testing US growth opportunities.

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