Nu Hldgs Ltd SEC Filings

Nu Holdings Ltd. has called its annual general meeting of shareholders for August 6, 2026, to be held in São Paulo, Brazil, with an option to attend and vote online via webcast.

Shareholders of record as of June 26, 2026 may vote, with 3,807,883,872 Class A ordinary shares carrying one vote each and 1,022,600,698 Class B ordinary shares carrying twenty votes each, for a total of 4,830,484,570 ordinary shares outstanding on the record date.

The meeting will ask shareholders to approve and ratify the company’s audited consolidated financial statements and Form 20-F annual report for the year ended December 31, 2025, and to reelect nine directors, including founder and CEO David Vélez Osorno and several independent directors, each to serve until the next annual meeting. The board recommends voting in favor of both proposals and is soliciting proxies primarily via internet distribution of materials.

Nu Holdings Ltd. has called its Annual General Meeting of shareholders for August 6, 2026, at 8:00 a.m. Brasilia time, with in-person and online participation available. Shareholders of record as of the close of business on June 26, 2026 are entitled to receive notice and attend.

Shareholders will be asked to approve and ratify the company’s audited financial statements and its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, and to approve the reelection of nine incumbent directors, each to serve until the next annual general meeting or earlier resignation or removal.

The board of directors recommends voting in favor of all resolutions and urges shareholders who do not plan to attend to submit proxy cards by 11:59 p.m. Eastern Time on August 4, 2026.

Nu Holdings Ltd. announced that its board has approved a share repurchase program authorizing the company and its affiliates to buy back up to US$1.0 billion of its outstanding Class A ordinary shares. Purchases may occur in open-market trades, derivative transactions, or privately negotiated deals during a 12‑month period from June 4, 2026 to June 3, 2027, in compliance with SEC Rules 10b-18 and/or 10b5-1.

The timing, amount and pricing of repurchases will depend on market conditions, price and other business considerations. The board may adjust, extend, suspend or terminate the program at any time, and Nu is not obligated to repurchase a specific number of shares. The company expects to fund the buybacks from cash generated by retained and future earnings, with repurchased shares held in treasury or later canceled under applicable law.

Nu Holdings Ltd. announced a leadership change in its finance team, appointing Rob Livingston as Chief Financial Officer effective July 13, 2026. He will replace Guilherme Lago, who will transition to Special Advisor and support an orderly handover through August 31, 2026.

Livingston joins from Visa, where he served as CFO for North America, and brings more than 30 years of global financial services experience. He will oversee capital and liquidity planning, financial reporting, corporate development, tax and investor relations. The company states this planned transition does not change Nubank’s operating model, risk appetite or long-term strategy.

Nu Holdings Ltd. director Anita M. Sands sold 21,000 Class A ordinary shares in an open-market transaction on May 15, 2026 at a weighted average price of $12.2401 per share.

After this sale, she holds 162,150 Class A shares, which include 6,982 Class A shares underlying unvested Restricted Share Units that will vest only if her service with the company continues.

Nu Holdings presents a Q1 2026 Managerial P&L, a supplementary view built from its IFRS statements, and an independent limited assurance report from KPMG on the compilation process. Managerial total revenue reached 5,315.5 million U.S. dollars and net income was 871.4 million U.S. dollars, both higher than Q1 2025.

Revenue came mainly from credit income of 3,173.3 million U.S. dollars, float income of 1,383.0 million U.S. dollars, and fee income of 759.1 million U.S. dollars. After total direct costs of 3,437.7 million U.S. dollars and operating expenses of 647.6 million U.S. dollars, earnings before tax were 1,229.1 million U.S. dollars.

The report explains how accounting results are reclassified into managerial lines through presentation changes and tax-equivalency adjustments that do not change IFRS net income, cash flows, equity, or regulatory capital. KPMG concludes that nothing came to its attention indicating the managerial information is not properly prepared in all material respects under Nu’s internal policy.

Nu Holdings reported strong Q1 2026 growth while investing heavily in AI and new markets. Total revenue reached $5.32 billion, up 42% year over year, as the customer base expanded to 135.2 million across Brazil, Mexico, and Colombia. Net income rose to $871.4 million, up 41% year over year, delivering a return on equity of 29%.

Engagement continued to deepen, with Monthly Average Revenue per Active Customer climbing to $15.9, up 23% year over year, and the efficiency ratio improving to 17.6% from 21.4% a year earlier. Nu’s credit portfolio grew to $37.2 billion, up 40% year over year, while deposits reached $42.4 billion, up 22%.

Asset quality showed mixed trends: early-stage NPL 15–90 rose to 5.0% from 4.1% in Q4 2025, mainly from seasonality and deliberate expansion into higher-risk segments, while 90+ NPL edged down to 6.5%. Nu highlighted rapid progress in its AI transformation, with its NuFormer foundation models and AI Private Banker already supporting millions of users, and confirmed disciplined, efficiency-ratio–capped expansion into the United States.

Nu Holdings Ltd. reported strong Q1 2026 results, with managerial total revenue of $5.32B and net income of $871.4M. Revenue rose from $3.37B a year earlier, while gross profit reached $1.88B.

Net interest income was $3.25B and credit loss allowance expenses were $1.79B, supporting a net interest margin of 21.1% and risk‑adjusted NIM of 9.5%. Net revenues of $3.67B against operating expenses of $648M produced a reported efficiency ratio of 17.6%, reflecting a low-cost operating model.

Net income of $871.4M translated into annualized ROE of 29% and adjusted ROE of 31%. Deposits totaled $42.4B and the total credit portfolio was $37.2B, while a capital position of $9.4B and available funding of $39.1B indicate ample capacity to support growth and expansion.