SÃO PAULO, August 29, 2026, 10:29 (BRT).
- Nu shares ended Friday at $14.30, slipping 3.90%, with 79.14 million shares traded.
- Net income in the second quarter hit a record $1.1 billion, while revenue increased by 39%.
- The proportion of loans overdue by over 90 days rose by 35 basis points to reach 6.9%.
Nu Holdings Ltd. (NYSE: NU) slipped 3.90% on Friday, placing second among Yahoo Finance’s most-active shares. The stock finished the session at $14.30, after reaching a low of $14.22.
Nearly $2.8 billion in market value was wiped out by the drop. Trading volume totaled 79.14 million shares, coming in just above the 65-day average WSJ market data.
The decline in shares comes despite record operating performance. Gross revenue rose almost $5.9 billion, marking a 39% increase at constant currency.
Net income increased 49% to $1.1 billion, while return on equity climbed to 33%, Nu’s second-quarter report showed.
Credit growth drove much of the momentum. The portfolio increased by 37% to $39.4 billion, as deposits climbed 18% to $45.3 billion.
Asset quality showed mixed results. Early delinquencies fell by 16 basis points to 4.8%, while 90-day delinquencies increased by 35 basis points to 6.9%.
Nu’s net interest margin increased by 180 basis points to 22.9%. The risk-adjusted margin stood at 12.4% after a 9% decline in quarterly credit costs.
The number of customers increased by four million to 139 million. Monthly engagement rose to 83.5%, and average revenue per active user neared $17.
| Investor measure | Latest | Change or context |
|---|---|---|
| Friday close | $14.30 | -3.90% |
| Trading volume | 79.14 million | 103% of the 65-day average |
| Gross revenue | $5.9 billion | +39% year-on-year, excluding FX impacts |
| Net income | $1.1 billion | +49% year-on-year |
| 90+ day NPL ratio | 6.9% | Up 35 basis points from the previous quarter |
| ROE | 33% | All-time high for profitability |
| Trailing P/E | 19.46× | As of Aug. 28 close |
Nu holds a valuation of $69.1 billion, which is approximately 15.7 times its annualized net income for the quarter. The previous trailing earnings multiple stood at 19.46 times.
The overall market was also under pressure. The S&P 500 slipped 0.25%, and peer digital lender SoFi declined 5.84%.
Nu Mexico’s transition to a banking institution is the upcoming operational challenge. According to management, the company serves 16 million customers and has a loan-to-deposit ratio of 35%.
Risks: Accelerated monetization and reliable funding may support ongoing profit increases. However, a stronger dollar, a climb in late delinquencies, or more aggressive unsecured lending could counter these advancements.
Related articles: NYSE:NU
