Analyst Consensus ?
ConsensusBuy23 ratings
Bullish1356.5%
Neutral939.1%
Bearish14.4%
Nu Holdings Ltd. · NU · FY2026 Q2 · Calendar Q3 2026
Nu Holdings posts record Q2 profit as credit and deposits grow
The supplied analysis supports a constructive operating trajectory: customer growth, expanding credit and deposits, AI-enabled efficiency, and higher-income products provide potential growth drivers. The case remains conditional on sustaining risk-adjusted margins, maintaining credit quality, and executing new products and geographic expansion.
Why did NU rise 9.3% after beating EPS estimates in FY2026 Q2?
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Reported After market closeNYSEFinancial Services
$66.11B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.22
Consensus $0.20
EPS surprise
+10.9%
Reported versus consensus
Reported revenue
$5.88B
Consensus $5.39B
Revenue surprise
+9.1%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+9.3%
Event window
SPY move
-0.2%
Same window
Abnormal move
+9.5%
Stock minus SPY
Volume
2.0×
Versus trailing sessions
Subsequent drift
-5.4%
Up to 20 sessions
NUSPY benchmark
Ask FN2 about NU FY2026 Q2
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Why did NU rise 9.3% after beating EPS estimates in FY2026 Q2?What changed in NU's guidance and outlook in FY2026 Q2?Give me the bull and bear case for NU after FY2026 Q2 earnings.
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Transcript intelligence
What changed
Nu Holdings moved from the prior quarter’s record results and planned AI, SME and international initiatives to a Q2 marked by more than $1 billion in net income, 37% year-over-year credit growth, 18% deposit growth, the NuFormer foundation model, Croma and a full banking license in Mexico.
Guidance delta
No guidance was provided in the supplied analysis.
Key takeaways
- Net income exceeded $1 billion for the first time, while ROE reached 33%.
- Credit grew 37% year over year to $39.4 billion and deposits rose 18% to $45.3 billion.
- NuFormer, Croma, Ultravioleta and Mexico’s full banking license expand the company’s operating and product agenda.
Management priorities
- Scale NuFormer across underwriting, deposits, pricing and customer support.
- Deepen relationships with super-core customers through Croma and Ultravioleta.
- Continue expansion in Mexico and Colombia while monetizing Brazil’s SME segment.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$12.1Current
$7Low
$16.13Average
$22High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 6, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Oct 20, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 6, 2026 |
| Needham | Buy | Buy | Maintain | Sep 28, 2026 |
| Itau BBA | Market Perform | Outperform | Downgrade | Sep 16, 2026 |
| Wolfe Research | Outperform | Outperform | Maintain | Aug 25, 2026 |
| Susquehanna | Neutral | Neutral | Maintain | Aug 14, 2026 |
| Citigroup | Neutral | Buy | Downgrade | Jun 15, 2026 |
| B of A Securities | Underperform | Neutral | Downgrade | Jun 2, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Nov 14, 2025 |
| Banco Bradesco BBI S.A | Outperform | Neutral | Upgrade | Aug 25, 2025 |
| Barclays | Overweight | Overweight | Maintain | Apr 25, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Nov 14, 2024 |
| Jefferies | Buy | Buy | Maintain | Jun 24, 2024 |
| New Street Research | Neutral | Buy | Downgrade | Oct 5, 2023 |
| MoffettNathanson | Buy | Buy | Maintain | Apr 5, 2022 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jan 3, 2022 |
| Deutsche Bank | Hold | Hold | Maintain | Feb 12, 2015 |
| Credit Suisse | Neutral | Outperform | Downgrade | Feb 12, 2015 |
| Brean Capital | Hold | Buy | Downgrade | Dec 29, 2014 |
| Argus Research | Buy | Hold | Upgrade | Sep 26, 2013 |
| Wunderlich Securities | Hold | Hold | Maintain | May 2, 2013 |
| Williams Capital | Buy | Buy | Maintain | Aug 5, 2012 |
| ISI Group | Hold | Hold | Maintain | Jun 25, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $12.1. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Monness | Analyst unavailable | $20 | $15.16 | +65.3% | Oct 26, 2026 |
| UBS | Analyst unavailable | $20.5 | $15.09 | +69.4% | Oct 20, 2026 |
| Redburn Partners | Gonzalo López | $19 | $13.59 | +57.0% | Sep 28, 2026 |
| Wolfe Research | Darrin Peller | $17 | $14.76 | +40.5% | Aug 25, 2026 |
| UBS | Analyst unavailable | $18.2 | $14.61 | +50.4% | Aug 20, 2026 |
| Needham | Kyle Peterson | $19 | $13.93 | +57.0% | Aug 14, 2026 |
| Needham | Kyle Peterson | $17 | $12.46 | +40.5% | Jun 26, 2026 |
| Susquehanna | Analyst unavailable | $13 | $11.93 | +7.4% | Jun 3, 2026 |
| Scotiabank | James Friedman | $13 | $11.93 | +7.4% | Jun 3, 2026 |
| UBS | Analyst unavailable | $16.9 | $12.65 | +39.7% | May 20, 2026 |
| Susquehanna | Analyst unavailable | $22 | $18.18 | +81.8% | Jan 27, 2026 |
| Goldman Sachs | Tito Labarta | $21 | $15.86 | +73.6% | Dec 18, 2025 |
| UBS | Thiago Batista | $18.4 | $17.44 | +52.1% | Dec 4, 2025 |
| Banco Santander | Analyst unavailable | $22 | $17.44 | +81.8% | Dec 4, 2025 |
| KeyBanc | Alex Markgraff | $19 | $16 | +57.0% | Nov 14, 2025 |
| UBS | Analyst unavailable | $16 | $15.18 | +32.2% | Oct 16, 2025 |
| UBS | Thiago Batista | $15.6 | $14.86 | +28.9% | Sep 2, 2025 |
| Bradesco | Analyst unavailable | $17 | $14.23 | +40.5% | Aug 25, 2025 |
| Banco Santander | Analyst unavailable | $16 | $13.94 | +32.2% | Aug 25, 2025 |
| Susquehanna | James Friedman | $16 | $13.34 | +32.2% | Jul 16, 2024 |
| Barclays | John Coffey | $15 | $12.5 | +24.0% | Jun 26, 2024 |
| Jefferies | Inigo Vega | $15.2 | $11.79 | +25.6% | Jun 24, 2024 |
| UBS | Thiago Batista | $13.5 | $11.71 | +11.6% | May 16, 2024 |
| Susquehanna | James Friedman | $14 | $11.55 | +15.7% | May 15, 2024 |
| HSBC | Neha Agarwala | $10 | $8.75 | -17.4% | Jan 8, 2024 |
| Goldman Sachs | Analyst unavailable | $9.5 | $4.06 | -21.5% | Dec 6, 2022 |
| Citigroup | Analyst unavailable | $7 | $4.12 | -42.1% | Jul 25, 2022 |
| Susquehanna | James Friedman | $10 | $4.6 | -17.4% | May 13, 2022 |
| Morgan Stanley | Jorge Kuri | $16 | $9.98 | +32.2% | Jan 3, 2022 |
| KeyBanc | Alex Markgraff | $12 | $9.98 | -0.8% | Jan 3, 2022 |
| Goldman Sachs | Mike Ng | $15 | $9.98 | +24.0% | Jan 3, 2022 |
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Start freeCompany context
Snapshot as of publicationNu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States. The company provides spending solutions comprising Nu credit and prepaid card, a digitally enabled card that acts as a credit and a prepaid card; Nubank+ Tier, an evolution of the Nu experience; Ultraviolet credit and prepaid card, a premium metal credit card; mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones; and Nu Shopping, an integrated marketplace that enables customers to purchase goods and services from various ecommerce retailers. It also offers transactional solutions, such as Nu Personal Accounts, a digital account solution for personal financial activities; Nu business accounts for entrepreneur customers and their businesses; and Nu business prepaid and credit card.…
Historical context
All NU earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| BAM Brookfield Asset Management Ltd. | FY2026 Q3 · Calendar Q4 2026 | — | -0.4% | Brookfield Q3: Record Fundraising, AI Projects and Early Carry |
| FNF Fidelity National Financial, Inc. | FY2026 Q3 · Calendar Q4 2026 | 0.0% | +6.6% | FNF posts strong title and commercial trends as revenue misses estimates |
| AFRM Affirm Holdings, Inc. | FY2027 Q1 · Calendar Q4 2026 | +23.8% | +1.9% | Affirm pairs strong growth outlook with underwriting and credit watchpoints |
| MET-PA MetLife, Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.9% | — | Record quarter, with investment income and broad segment growth supporting results |
| MET-PE MetLife, Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.9% | — | MetLife posts record Q3 earnings as investment income and expense control support growth |
| GPN Global Payments Inc. | FY2026 Q3 · Calendar Q4 2026 | 0.0% | -1.2% | Global Payments grows revenue and raises Worldpay synergy target |
Latest beats and misses
Who reports nextBeat on EPS
- FNFFY2026 Q3 · November 5, 20260.0% EPS+6.6% move
- MTDFY2026 Q3 · November 5, 2026+3.6% EPS+4.8% move
- IAGFY2026 Q3 · November 5, 2026+16.7% EPS+4.6% move
- GMABFY2026 Q3 · November 5, 2026+55.6% EPS-4.3% move
- STEFY2027 Q2 · November 4, 2026+9.7% EPS+2.5% move
- IRMFY2026 Q3 · November 5, 2026+4.6% EPS-11.1% move
Missed on EPS
- WPMFY2026 Q3 · November 5, 2026-1.1% EPS+2.2% move
- CPTFY2026 Q3 · November 5, 2026-27.2% EPS-3.1% move
- VMRKFY2026 Q3 · November 4, 2026-425.6% EPS+2.4% move
- NTRAFY2026 Q3 · November 5, 2026-49.3% EPS-15.2% move
- TIGOFY2026 Q3 · November 5, 2026-40.8% EPS+2.6% move
- UHALFY2027 Q2 · November 4, 2026-15.4% EPS-3.2% move
Get the NU recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-08-14T13:21:12.976730+00:00
- FN2 earnings calendar · 2026-09-18T01:23:15.369793+00:00
- Polygon adjusted daily market bars · 2026-09-21T14:40:49.912879+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-21T14:40:49.910206+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-21. For educational purposes only; not investment advice.