Itaú Unibanco sets 14.75% cost of capital for 2026
Itaú Unibanco Holding S.A. released revised operational and financial guidance for 2026, updating the outlook described in the Guidance section of its Reference Form.
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Form Type
6-K
Rhea-AI Filing Summary
Itaú Unibanco Holding S.A. released revised operational and financial guidance for 2026, updating the outlook described in the Guidance section of its Reference Form. Management states that, for business management purposes as of August 2026, it is considering a cost of capital of around 14.75% p.a..
The company characterizes its outlooks, projections, and operational and financial goals as forecasts based on management’s current view of Itaú Unibanco’s future. It highlights that these expectations depend on market conditions and the economic performance of Brazil, the sector, and international markets, so actual results may differ from this prospective information.
Key Figures
Cost of capital: 14.75% p.a.
Guidance year: 2026
Brazilian corporate law: Law No. 6,404/76
3 metrics
Cost of capital
14.75% p.a.
Rate considered by management for business management as of August 2026
Guidance year
2026
Year for which Itaú Unibanco released revised guidance
Brazilian corporate law
Law No. 6,404/76
Law cited as the basis for disclosing the Material Fact
Key Terms
Material Fact, Reference Form, cost of capital, prospective information, +1 more
5 terms
Material Fact regulatory
"Material Fact 2026 Guidance Itaú Unibanco Holding S.A."
Information or an event that a reasonable investor would consider important when deciding to buy, sell or hold a security; it changes the expected value, risk, or outlook of an investment. Regulators treat material facts as disclosures that companies must share publicly because they can affect market prices, similar to a key ingredient in a recipe that determines the final taste. It matters to investors because material facts can change the basis for an investment decision and move trading activity and prices.
Reference Form regulatory
"revised guidance for 2026, in accordance with item 3 (“Guidance”) of the Reference Form"
cost of capital financial
"has been considering a cost of capital of around 14.75% p.a. for managing its businesses"
The cost of capital is the average price a company pays to get money, whether by borrowing or selling shares, to run the business and fund projects. It matters to investors because it acts like a minimum hurdle: investments must deliver returns higher than this price to create value for shareholders, so comparing expected returns to the cost of capital helps judge whether growth plans will likely boost or reduce share value.
prospective information financial
"results and performance may differ from those forecasted in this prospective information"
Brazilian Securities and Exchange Commission (CVM) regulatory
"Resolution No. 44/21 of the Brazilian Securities and Exchange Commission (CVM)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Itaú Unibanco (ITUB) announce about its 2026 outlook?
Itaú Unibanco released revised guidance for 2026, updating the outlook described in the Guidance section of its Reference Form. Management emphasized that these figures are forecasts and may change with economic and market conditions in Brazil and abroad.
What cost of capital is Itaú Unibanco (ITUB) using in its 2026 planning?
Management is currently using a cost of capital of around 14.75% per year to manage its businesses as of August 2026. This parameter underpins how the bank evaluates projects and performance within its updated 2026 guidance.
How does Itaú Unibanco (ITUB) describe the nature of its 2026 guidance?
The 2026 guidance is described as prospective information, including outlooks, projections, and operational and financial goals. Itaú Unibanco notes these are forecasts based on management’s current view and are not guarantees of future performance.
Which factors could affect Itaú Unibanco’s (ITUB) ability to meet its 2026 guidance?
Itaú Unibanco explains that its forecasts depend on market conditions and economic performance in Brazil, the banking sector, and international markets. Changes in these environments could cause actual results to differ from the guidance provided.
Under which regulatory framework did Itaú Unibanco (ITUB) publish this material fact?
The disclosure was made as a Material Fact in compliance with Article 157, paragraph 4, of Law No. 6,404/76 and CVM Resolution No. 44/21, which govern how Brazilian listed companies release relevant information to investors.
AI-generated analysis. How Rhea-AI works. Not financial advice.
| UNITED STATES | |||||||||||
| SECURITIES AND EXCHANGE COMMISSION | |||||||||||
| Washington, D.C. 20549 | |||||||||||
| FORM 6-K | |||||||||||
| Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 | |||||||||||
| For the month of August, 2026 | |||||||||||
| Comission File Number: 001-15276 | |||||||||||
| Itaú Unibanco Holding S.A. | |||||||||||
| (Exact name of registrant as specified in its charter) | |||||||||||
| Itaú Unibanco Holding S.A. | |||||||||||
| (Translation of Registrant’s Name into English) | |||||||||||
| Praça Alfredo Egydio de Souza Aranha, 100 - Torre Conceição | |||||||||||
| CEP 04344-902 São Paulo, SP, Brazil (Address of principal executive office) | |||||||||||
| Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. | |||||||||||
| Form 20-F ☒ | Form 40-F ☐ | ||||||||||
| Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): | |||||||||||
| Yes ☐ | No ☒ | ||||||||||
| Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): | |||||||||||
| Yes ☐ | No ☒ | ||||||||||
| Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. | |||||||||||
| Yes ☐ | No ☒ | ||||||||||
| If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): | |||||||||||
| 82– __________________ | |||||||||||
EXHIBIT INDEX
| 99.1 | ITAÚ UNIBANCO - Material Fact: Guidance | ||||||||||
.
| Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. | ||||||||||||||
| Date: August 4, 2026. | ||||||||||||||
Itaú Unibanco Holding S.A. By: /s/ Gustavo Lopes Rodrigues Name: Gustavo Lopes Rodrigues Title: Investor Relations Officer. | ||||||||||||||
Material Fact 2026 Guidance Itaú Unibanco Holding S.A. (“Company”), in compliance with Article 157, paragraph 4, of Law No. 6,404/76 and Resolution No. 44/21 of the Brazilian Securities and Exchange Commission (CVM), informs its stockholders and the market in general that, as of this date, it has released its revised guidance for 2026, in accordance with item 3 (“Guidance”) of the Reference Form. (1) Includes financial guarantees provided and private securities; (2) Composed of expected loss expenses, discounts granted and recovery of loans written off as losses; (3) Commissions and fees (+) income from insurance, pension plan and premium bonds operations (+) expenses for claims. It is important to mention that, as of August 2026, the Company has been considering a cost of capital of around 14.75% p.a. for managing its businesses. Information on outlooks for the business, projections, and operational and financial goals are solely forecasts, based on management’s current outlook in relation to the future of Itaú Unibanco. These expectations are highly dependent on market conditions, the general economic performance of the country, of the sector and the international markets. Therefore, our effective results and performance may differ from those forecasted in this prospective information. São Paulo ‐ SP, August 04, 2026. Gustavo Lopes Rodrigues Investor Relations Officer