NU achieves economic stability in Mexico

NU Bank broke even in Mexico; it stopped reporting losses at the end of the first quarter of 2026, amid the expansion of its customer base and operations in the country.

As of the end of March, the bank had more than 15 million customers in Mexico, more than double the 6.6 million reported for the same period in 2024. In its latest earnings report, NU added 13 million users in Mexico.

NU also reported an increase in its average revenue per customer, which rose from US$11.60 in the first quarter of 2024 to US$12.40 at the end of March this year.

The company currently operates in Mexico as a Popular Financial Society (SOFIPO) and is in the final stages of the process to obtain its banking license. The institution noted that in Brazil it has already surpassed 115 million customers, and in total, more than 135 million people use one of its products; an expansion that reinforces NU’s position as one of the largest and fastest-growing digital financial services platforms in the world.

At the end of the first quarter of the year, globally, the bank reported earnings totaling US$871 million, a figure 41% higher than the US$557 million reported in the same period of the previous year. Deposits reached US$42.4 billion, while the loan portfolio balance stood at US$37.2 billion.