Nubank Posts First $1 Billion Quarterly Profit
Nubank has grown into the world’s largest digital bank by using a mobile-first, low-cost model to reach customers across the Americas, including markets long underserved by traditional lenders. Crossing the $1 billion quarterly profit threshold marks a significant milestone, showing that its expanding customer base is translating into stronger earnings and giving the company greater financial capacity to pursue growth beyond its established markets.
Nubank reported net profit of $1.1 billion for the second quarter of 2026, up 49% from the same period in 2025 and above $1 billion for the first time. The company is continuing to broaden its footprint across the Americas and plans to enter the United States within the next 12 months by establishing a banking subsidiary, taking its digital model into one of the world’s largest and most competitive financial markets.
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The history behind this eventNubank's 2025 Revenue Rises 45% as Digital Bank Plans U.S. Expansion
Brazilian fintech Nubank serves customers in Brazil, Mexico and Colombia through a low-cost digital banking model, reaching 131 million customers worldwide by the end of 2025. The company uses AI to improve credit underwriting and risk-based pricing, helping expand its credit card and lending businesses. Its planned U.S. entry marks an important step in its push beyond Latin America to become a global digital banking platform.
Nubank said on February 25, 2026, that 2025 revenue totaled $16.3 billion, up 45% year on year on a currency-neutral basis. Its credit portfolio reached $32.7 billion, an increase of 40%. The company applied for a U.S. banking charter in September 2025 and received conditional approval from the Office of the Comptroller of the Currency in January 2026. It must complete capitalization within 12 months and open for business within 18 months, while approvals from the FDIC and Federal Reserve remain pending.
Digital Bank Nubank's Profit Jumps 50% as Global Customer Base Tops 130 Million
Nubank, owned by Brazilian fintech company Nu Holdings, operates an all-digital banking model across Brazil, Mexico and Colombia. Low operating costs and rapid expansion have made Nubank Brazil's largest private financial institution by customer count, underscoring the accelerating adoption of digital finance in Latin America.
Nubank reported its fourth-quarter 2025 results on February 25, 2026. Quarterly net income rose 50% from a year earlier to $894.8 million, while revenue climbed 45% to $4.86 billion. Its global customer base increased 15% year on year to 131 million as of December 31, 2025, and the company continued to expand its presence in Mexico and Colombia.
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