NEW YORK, August 8, 2026, 14:15 (EDT) — U.S. markets are shut for the session.
- Nu closed Friday at $13.84, registering a 3.4% decline for the week, while the Nasdaq Composite advanced 5.2%.
- Analysts’ initial Q2 consensus estimates project EPS at $0.20 and revenue at $5.39 billion.
- Results are expected after market close on August 13. Analysts have an average price target of $17.59.
Nu Holdings Ltd. NYSE:NU ended Friday’s session at $13.84, a decrease of 1.98%. The stock declined 3.4% over the course of the week. In comparison, the Nasdaq Composite rose 5.2%.
The 8.6-point weekly gap sets the stage for Thursday’s earnings test. Forecasted profits have declined ahead of the release. Credit quality continues to be the primary variable.
| Week ended August 7 | Friday | Full week |
|---|---|---|
| Nu Holdings | -1.98% | -3.4% |
| Nasdaq Composite | +1.3% | +5.2% |
| S&P 500 | +0.6% | +3.6% |
| Dow Jones Industrial Average | +0.3% | +3.0% |
Nu’s weekly performance is based on its closing prices from July 31 and August 7.
Trading volume on Friday totaled 47.7 million shares, marking a 35.5% decline compared with Nu’s trailing 65-day average. The trend indicates pre-earnings de-risking, not capitulation. The evidence is inconclusive.
The most recent filing addressed approval for the 2025 accounts as well as board elections. No additional operating targets were included.
The upcoming driver is straightforward. Nu is set to release its second-quarter earnings following Thursday’s market close, with its conference call scheduled for 6 p.m. EDT.
Bloomberg options data suggest an 8% earnings-related swing. In six of the last eight quarters, Nu’s actual share movement was greater than the implied move.
| Earnings bar | Latest figure | Previous reference | Change |
|---|---|---|---|
| Q1 2026 EPS, actual | $0.18 | $0.20 consensus | -10.0% |
| Q2 2026 EPS, preliminary consensus | $0.20 | $0.21 one month ago | -4.8% |
| FY2026 EPS, preliminary consensus | $0.84 | $0.87 three months ago | -3.4% |
| Q2 2026 revenue, preliminary consensus | $5.39 billion | — | — |
The reduced benchmark has a double-edged effect. Q2 EPS consensus dropped 4.8% over the past month. Nu releases IFRS numbers as well as additional managerial data. As a result, cross-provider comparisons must be approached cautiously.
Nu maintained its scale in Q1, with a customer base exceeding 135 million. Monthly average revenue per active customer was close to $16. Return on equity stood at 29%.
Net income increased by 41% to $871 million. “We are not adding AI to banking, we are rebuilding banking around AI,” Chief Executive David Vélez said. Nu International
Credit plays a central role. The portfolio expanded by 40% to reach $37.2 billion. The 15-to-90-day delinquency rate increased by 89 basis points, reaching 5.0%. The risk-adjusted net interest margin declined by 100 basis points to 9.5%.
Thursday’s report will indicate if first-quarter seasonality is subsiding. Lower provisioning could help translate fast loan growth into higher incremental earnings.
| Relevant peer | Friday close | Friday move | Market value |
|---|---|---|---|
| Nu Holdings Ltd. NYSE:NU | $13.84 | -1.98% | $66.17 billion |
| MercadoLibre Inc. NASDAQ:MELI | $1,820.69 | -0.51% | $92.30 billion |
| Inter & Co Inc. NASDAQ:INTR | $5.27 | -8.13% | $2.31 billion |
| StoneCo Ltd. NASDAQ:STNE | $10.60 | -4.38% | $3.28 billion |
| PagSeguro Digital Ltd. NYSE:PAGS | $9.14 | -2.40% | $3.01 billion |
Regional peers also traded lower. Nu recorded smaller losses compared with Inter, StoneCo and PagSeguro. MercadoLibre slipped just 0.5%.
Analysts hold a positive view, though estimates for valuation vary significantly. There are 17 Buy recommendations and three Hold ratings in place. One analyst has assigned an Underweight rating to Nu, while another has issued a Sell.
| Date | Analyst and firm | Recommendation action | Target |
|---|---|---|---|
| July 7 | Yuri Fernandes — JPMorgan Chase & Co. NYSE:JPM | Overweight rating reiterated; target lifted | $20 |
| June 26 | Kyle Peterson — Needham | Started at Buy | $17 |
| June 15 | Gustavo Schroden — Citigroup Inc. NYSE:C | Buy recommendation lowered to Neutral | $13 |
| June 3 | James Friedman — Susquehanna | Positive view downgraded to Neutral | $13 |
| June 2 | Mario Pierry — Bank of America Corp. NYSE:BAC | Neutral rating reduced to Underperform | $10 |
| May 20 | Thiago Batista — UBS Group AG NYSE:UBS | Buy reiteration; target lowered | $17 |
The mean price target stands at $17.59, indicating a potential rise of 27.1% from Friday’s closing price. Price estimates, however, span from $10 to $22.
The $12 spread represents 86.7% of Nu’s share price, indicating significant division over long-term credit returns rather than broad agreement on valuation.
Investors are expected to focus on four metrics in the coming week: ARPAC, initial delinquency rates, risk-adjusted margin, and profitability in Mexico. Mexico achieved break-even in the first quarter. The market will evaluate if this momentum continued.
Expenses related to U.S. expansion are also significant. Management anticipates yearly investment to remain under 100 basis points of the consolidated efficiency ratio for both 2026 and 2027.
Risks: A sluggish decline in delinquencies, increased provisions, or elevated expenses for growth might support the $10 bear case. Improved credit quality and stronger per-customer revenue could drive movement in the opposite direction.
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