Nu Holdings added 4 million customers last quarter, bringing its total to 139 million users, with 118 million in Brazil. The Latin American digital bank reported second-quarter revenue of $5.9 billion, up 39% year over year on a currency-neutral basis, while net income surged 49% to nearly $1.1 billion, exceeding $1 billion for the first time. Monthly average revenue per active customer rose 22% to $17.10, and the deposit base grew from $18 billion a year earlier to $45.3 billion. The company's efficiency ratio improved to 20% from 50% four years ago, and non-performing loans stood at 6.9% as of June 30. Shares trade at a forward price-to-earnings ratio of about 20, down 23% from their January peak.
Nu Holdings LtdNet income tops $1 billion, revenue up 39%, and customer growth to 139 million.
NVIDIA Corporation