Nu Holdings releases transcript of Q2 2026 earnings call

Nu Holdings discussed Q2 2026 results with CEO David Velez, CFO Rob Livingston, and Investor Relations Officer Guilherme Souto.

• Net income reached USD 1.1 billion; gross revenue was USD 5.9 billion; the efficiency ratio was 19.5%; and ROE was 33%.
• The credit portfolio rose 37% year over year to USD 39.4 billion; deposits increased 18% to USD 45.3 billion; and the loan-to-deposit ratio was 35%.
• Risk-adjusted NIM climbed to 12.4%; management cited lending growth, seasonality, and disciplined risk expansion. Desenrola affected cost of credit by about 5%.
• Mexico received regulatory approval for a banking license; customers reached 139 million overall; and Brazil launched the Croma tier, following the Ultravioleta rollout.