Nu Holdings Crossed a $1 Billion Quarterly Profit Milestone. Here's Why It Matters.

Nu Holdings achieved over $1 billion in quarterly net income in Q2 2026, with revenue climbing 39% to $5.9 billion. The key milestone reflects the company's shift from customer acquisition to monetization, with monthly average revenue per active customer (ARPAC) rising to $17 from $8 in 2022. While impressive, investors should focus on earnings durability and credit quality, as non-performing loans reached 6.9% in Q2, up from 5.8% year-over-year.