Why Is NU HLDGS LTD Class A (NU) Stock Up Today?

Nu Holdings (NU) shares rose 7.02% to $12.66, driven by a strong third-quarter earnings report that exceeded market expectations. The company posted record gross revenue of $6.3 billion, up 37% year-over-year, and reported record quarterly net income of $1.1 billion.

What Happened

Nu Holdings released its Q3 2026 financial results, highlighting record credit growth and the launch of its operations in the United States. Gross revenue reached $6.3 billion, surpassing Wall Street estimates, while net income hit a record $1.1 billion. The company also improved its full-year 2026 efficiency ratio outlook. During the earnings call, the CEO stated that the company's new banking status makes its proposition even more compelling. Needham reiterated its Buy rating on the stock and maintained a $19.00 price target.

What The Data Shows

The stock opened at $12.30, representing a 4.0% gap up from the prior close of $11.83. The session high was $12.69 at 9:40 AM ET, while the low was $12.10 at 9:30 AM ET. Trading volume stood at 14.0 million shares, which is 0.2 times the three-month daily average. The company has a market capitalization of $59.5 billion and a P/E ratio of 16.1. Trailing twelve-month revenue growth is 44.3%, with a net margin of 42.7%. The stock has a beta of 0.97 and a 52-week range of $11.20 to $18.98. Over the last eight sessions, the stock moved 1.9% from $11.61 to $11.83. Recent SEC filings show four insider sales totaling $6.0 million in the last 90 days, with no buys recorded. The most recent sale was by Cristina Helena Zingaretti on October 5, 2026.

What To Watch

Investors will monitor the company's continued expansion into the U.S. market and its ability to manage rising expenses while maintaining its improved efficiency ratio guidance for fiscal year 2026.