Very proud of the continued focused execution of the entire Nubank team, and the consistent, and phenomenal, results that they have been delivering quarter after quarter since IPO.
This quarter, we reached a record US$1.9 billion in revenue in Q2, while increasing gross profit margin to 42%, leading to a record US$262mm of adj. Net Income, or 19% return-of equity. With a 35% Efficiency Ratio, Nu Holdings is also today one of the most efficient financial institutions in the world, while at the same time maintaining significant customer growth and market-leading Net Promoter Scores across all segments and products. The holy triumvirate of Growth, Quality and Efficiency very much operating in full force.
You can read more about our Q2’23 results in the link below: