The fintech firm reported Q1 revenue of $5.3 billion, up 42% year over year, driven by 135 million customers across Brazil, Mexico, and Colombia.
Nu Holdings has reached a $59 billion market capitalization, fueled by rapid expansion in Latin America. The company’s Q1 2026 revenue climbed 42% to $5.3 billion, supported by a 14% annual increase in customers to 135 million.
Most users are in Brazil, where Nu operates as a leading digital bank. It also serves 15 million customers in Mexico and nearly 5 million in Colombia. Net income rose 41% year over year, with a 16.4% margin, compared to Q1 2022.
The firm plans to enter the U.S. market next year, pending regulatory approvals, marking a key milestone in its growth strategy.