Nu Holdings Earned More Than $1 Billion in a Quarter for the First Time. Now It's Launching in the U.S.

Nu Holdings, a Latin American fintech leader, achieved a major milestone by posting net income of $1.1 billion in Q2 2026, representing 49% year-over-year growth. With over 140 million customers and strong unit economics ($17.10 monthly revenue per user vs. $1 cost to serve), the company is expanding into the U.S. market through a partnership with Lead Bank. However, U.S. expansion will take 12-30 months to develop proper risk models, and the company faces intense competition from established banks and digital pioneers.