Key Highlights

  • NU is trading higher, up 7.57% at USD 12.73 in market data on Friday, November 13, 2026, following the November 12, 2026 filing of third-quarter results.
  • Profit reached a high of USD 1.09 billion, up 31%, and sales came to USD 6.26 billion, up 37%; Return on Equity stood at 32%, down from 33% in the second quarter.
  • The customer base grew by 3.7 million during the quarter to 142.6 million, the Loan book expanded 33% to USD 41.6 billion, and deposits totalled USD 47.5 billion.
  • Non-performing loans aged over 90 days reached 7.3%, up from 6.9% in Q2, whereas efficiency improved to 19.3% from 20.3% twelve months earlier.

Record Earnings and 37% Revenue Expansion in the Third Quarter

For Nu Holdings (NYSE:NU), the quarter ended September 30, 2026 brought Gross Profit of USD 2.60 billion, a 35% rise, and a net interest Margin of 22.5%. Risk-adjusted net interest margin registered 12.1%, having been 12.4% in the second quarter. Credit cards accounted for USD 27.2 billion of the book, unsecured personal lending USD 11.0 billion and secured lending USD 3.4 billion. Efficiency came in at 19.3%, against 19.5% last quarter and 20.3% a year before. Deposits climbed 19% to USD 47.5 billion; Brazil held USD 38.6 billion of that, Mexico USD 5.3 billion and Colombia USD 3.5 billion. These numbers are management-basis results as submitted, and nothing dated Friday beyond the filing has been located.

Mexico Bank Launch Alongside Nu US and Nu Global Rollouts

The Mexican arm picked up 870 thousand customers during its first quarter operating as a bank, reaching 16.6 million. Brazil, where Nu counts roughly 119.9 million customers (calculated from the totals), reaches 65% of adults, with a record 86.3% activity rate and record personal-loan originations of 22.1 billion Brazilian reais. In Colombia the base is 6.1 million, and by cardholder count Nu is the top card issuer with 3 million holders. Nu US opened on September 10, 2026 and serves customers across all 50 states; Nu Global followed on October 15, 2026 with customers in 37 countries. Management said the two launches together would add no more than 100 basis points to the efficiency ratio in each of 2026 and 2027.

Asset Quality Edges Lower While Efficiency Targets Tighten

Loans 15 to 90 days past due stood at 4.9%, up from 4.8%, while those 90-plus days rose to 7.3% from 6.9%, a modest slippage as the book grows. Efficiency guidance for the full year now sits at 19% to 19.5%, under the prior near-20% estimate. Across Nu Holdings (NYSE:NU), the filing lists no dividends, Buybacks or Capital raises. The main hazards are the credit cycle in Brazil, where most customers live, and launch costs in the US and globally. Next, monitor fourth-quarter loan quality and deposit trends, plus the first full-year picture for Mexico, a young banking operation.

Where Things Stand

Partly, but the link is unconfirmed. Nu Holdings (NYSE:NU) shares rose 7.57% after a filing with USD 1.09 billion in profit, a 32% return on equity and firmer efficiency guidance. Against that, Non-Performing Loans edged higher and the US and global launches add cost. Today's quoted move is a live reading and may reverse. Upcoming checkpoints are fourth-quarter asset quality, Mexico's progress and the expense of Nu US and Nu Global.