Nubank released record results for the first quarter of 2026 on Thursday, with revenue above US$5 billion and net profit of US$871 million.
The Brazilian fintech achieved revenue of US$5.3 billion in the period, up 42% from the same quarter last year. Net profit grew 41% year over year to US$871 million, equivalent to R$4.56 billion.
The customer base expanded to 135 million in Latin America, including 115 million in Brazil. In Mexico, the operation reached break-even with 15 million users, according to CEO David Vélez.
The total credit portfolio reached US$37.2 billion, up 40% in a year. The company intensified use of artificial intelligence for credit analysis and personalized service through the AI Private Banker tool.
Nubank is preparing a gradual expansion into the United States, keeping investments limited to preserve profitability.