Nubank Sets New Financial Highs (Again)
Hey Digital Banking Fanatic!
One Latin American FinTech that keeps standing out to me is Nubank.
The Brazilian FinTech company surpassed US$5 billion in quarterly revenue for the first time and achieved a net profit of US$871 million during the first quarter of 2026.
One of the most significant announcements of the quarter was the performance of the Mexican operation. Nubank confirmed that Nu Mexico had reached financial break-even.
They didn’t say anything about having obtained their banking license from the CNBV (Comisión Nacional Bancaria y de Valores). Nubank said in October 2023 that Nu Mexico had applied for a banking license, and in April 2025, it reported that the unit had received approval to begin the process of becoming a full bank.
That approval marked a major milestone, but it was not yet the final operating license.
Keep scrolling for more digital banking news. 👇 See you tomorrow!
Cheers,
INSIGHTS
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NEWS
🌎 Nubank reported record first-quarter 2026 results, surpassing $5 billion in quarterly revenue and generating $871 million in net profit while growing its customer base to 135 million users across Latin America. The company also announced that its Mexican operation reached financial break-even, strengthening Mexico’s role as a key market in Nubank’s regional expansion strategy.
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