Overview
- Nubank shares have fallen about 13% in 2026 to $14.61.
- The company added 4 million customers in the latest quarter, reaching 131 million, up 15% year over year.
- Mexico now counts more than 15 million Nubank users, placing the bank among the three largest by users in that market.
- Strong 2025 results showed revenue and net income up about 45% with a 33% return on equity, supported by a low-cost digital model that spends about $0.80 per customer each month and runs at a 19.9% efficiency ratio.
- U.S. expansion moved forward with the OCC’s conditional approval in January to form Nubank N.A., with a potential 2027 launch still dependent on additional approvals.