Nubank Q2 2026: Profit Tops US$1 Billion for the First Time

Nubank has crossed a threshold no Latin American fintech had reached before, posting US$1.061 billion in net income in the second quarter of 2026, its first quarter above US$1 billion. Profit rose 49% from a year earlier and 17% from the prior quarter, while return on equity closed at a striking 33%. The branchless digital bank now serves 138.9 million customers across Brazil, Mexico and Colombia, earning about US$17 a month from each active user. Here is how an app-only bank with no branches…