Why Nu Holdings Stock Jumped 13% Today

NU jumped 13% after reporting second-quarter results that crushed expectations, posting 50% revenue growth to $5.51 billion and 66% earnings growth to $0.22 per share. The Brazilian digital bank added 4 million customers in the quarter, bringing its total user base to 139 million.

International expansion is accelerating. Mexico customer growth hit 31.7% while Colombia surged 55.9%. NU secured banking license approval in Mexico, positioning Nubank as the largest digital bank in that market. Management also laid out a 12- to 30-month timeline to launch U.S. credit capabilities, opening a third major growth corridor.

The combination of triple-digit customer growth in Colombia, regulatory clearance in Mexico, and a concrete U.S. roadmap signals NU is moving beyond its Brazilian core faster than many investors anticipated. The revenue and earnings beat—both growing faster than the customer base—suggests improving monetization as the platform matures.