Free study · Nubank (NYSE: NU) · Q3 2026
Is Nubank cheap after a 25% drop? What the numbers show before Nov 12.
Nubank (NYSE: NU) is a digital bank from Brazil. It is expected to report its third-quarter 2026 results on Nov 12, after the US market closes. The stock closed at $16.12 on Oct 9, its highest close since September. It closed at $11.74 on Nov 5, down 22.6% from its Oct 23 close of $15.16. On average, analysts expect earnings of $0.23 per share and revenue of $5.96 billion. This free study puts the numbers, the dates and what option prices show in one place, in plain English.
Read the full study below| Date | Price |
|---|---|
| Oct 1 · Close | $13.29 |
| Oct 9 · Highest close since September | $16.12 |
| Oct 23 · Close | $15.16 |
| Oct 26 · Close | $12.59 |
| Oct 30 · Close | $11.61 |
| Nov 4 · Close | $11.99 |
| Nov 5 · Close | $11.74 |
Daily closes · Market data
Key dates
- Nov 12Q3 2026 resultsExpected after the US market closes. The date comes from market data calendars. Nu's investor relations team has not confirmed it yet.
- Nov 20Options expirationMonthly options on NU expire. This is the first expiration after the results.
- Dec 18Options expirationThe next monthly options expiration.
What analysts expect for Q3
- Earnings per share
- $0.23
- Revenue
- $5.96B
Average analyst estimate · Market data
The business in numbers (Q2 2026)
The last full quarter before Nov 12. These are the numbers Q3 will be compared with.
- Customers
- 139 million (about 118 million in Brazil, 15.8 million in Mexico, over 5 million in Colombia)
- Revenue
- Nearly $5.9 billion, up 39% from a year earlier
- Net income
- $1.1 billion, up 49% from a year earlier
- Return on equity
- 33%
- Loans paid 90+ days late (share of loans)
- 6.9%, up 0.35 point from Q1
Source: Nu Holdings Q2 2026 results (Form 6-K filed with the SEC, August 2026).
What to watch on Nov 12
- Earnings per shareCompare the reported number with the $0.23 average estimate.
- RevenueCompare the reported number with the $5.96B average estimate.
- Customer growthCompare new customers with Q2, when Nu added about 4 million and reached 139 million.
- Late payments on loansA rise means more borrowers are falling behind. In Q2, 6.9% of loans were 90+ days late.
- What managers say on the callListen for how they describe the next few quarters.
How NU's valuation compares with its own history and peers
A valuation ratio compares the stock price with what the company earns or owns. Lower can mean cheaper, but it can also mean investors expect less growth.
Share price
- NU now
- $11.74 (Nov 5 close)
- NU's own history
- 52-week range of daily closes: $11.60 to $18.76
- Peers
- Not comparable
Price / earnings (last 12 months)
- NU now
- 15.8x
- NU's own history
- Not in this edition
- Peers
- ITUB 10.2x · INTR 6.1x · SOFI 27.4x
Price / book value
- NU now
- 4.3x
- NU's own history
- Not in this edition
- Peers
- ITUB 2.1x · INTR 0.9x · SOFI 1.8x
Return on equity (last 12 months)
- NU now
- 30%
- NU's own history
- 33% in Q2 2026 (company figure)
- Peers
- ITUB 22% · INTR 15% · SOFI 7%
Peers: Itaú Unibanco (ITUB), Inter&Co (INTR) and SoFi (SOFI). Trailing 12 months, market data as of Nov 5, 2026.
What the options market is pricing for Nov 20 and Dec 18
Option prices show how big a move traders are paying for, up or down. They do not say which way the stock will go.
- Implied move by Nov 20
- ± 9.4%
- Implied move by Dec 18
- ± 14.0%
Derived from option prices on Nov 5, 2026, 12:52 pm ET; not a forecast. Updated before results.
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