Add as a preferred source on GoogleNu Holdings Shares Fall After Lula Wins Brazil Presidential Runoff
Nearly 118 million of Nu’s 139 million customers were in Brazil in Q2 2026, making it the company’s largest customer market.
Nu Holdings shares fell sharply on Oct. 26, one day after Lula won Brazil’s presidential runoff.
The stock opened near $15.16 and closed around $12.59.
Lula received 51.78% of the vote, while Sen. Flávio Bolsonaro received 48.22%, a 3.56-percentage-point gap. The Ibovespa, Brazil’s benchmark stock index, also fell between 13% and 15% in Monday’s session amid a broader decline in Brazilian stocks.
Nu’s Q2 2026 customer figures show the scale of its Brazil presence. Nearly 118 million of its 139 million customers worldwide were in the country, or about 85% of its total.
For the quarter, Nu reported $5.9 billion in gross revenue, $1.06 billion in net income and a 33% return on equity.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.