The fintech achieved an annualized return on equity (ROE) of 33% in 2026, showing an improvement of four percentage points compared to the previous year. This growth reflects the company’s operational efficiency, which has been consolidating in the Brazilian market.
On the other hand, Itaú Unibanco (ITUB4) reported a ROE of 23% in the last quarter, a figure that reaffirms the institution’s strength among the country’s traditional banks. Meanwhile, the fintech maintains superior profitability performance, indicated by the significant difference between the ratios.
Moreover, the reduction of the fintech’s tax rate from 28% to 22% is expected to result in an estimated gain of 350 million dollars. This tax change directly impacts the company’s profitability, reinforcing its investment and expansion capacity.
Itaú Unibanco preserves its position as the most valuable brand among Brazilian banks, consolidating its relevance in the sector. This market leadership, combined with consistent results, keeps the bank as one of the main financial players in the country.
Recent financial data highlights the contrast between the fintech’s and traditional banks’ business models, especially considering factors such as taxation and returns to shareholders. Thus, the Brazilian financial market is undergoing transformations that influence competitiveness among these institutions.
Strategic moves and recent initiatives
Nubank is in the final phase of the dispute to acquire BCG Brasil, the arm of the Portuguese financial institution Banco Comercial Português (BCP). This advance strengthens the digital bank’s expansion in the national market, broadening its presence in various segments of the financial sector.
In addition to this move, Nubank launched the Ganhar Cripto platform, which offers users the possibility of staking Solana, with a yield of 6% per year directly through the app. In this way, the fintech diversifies its services, aiming to attract clients interested in cryptocurrency investments.
Meanwhile, Milton Maluhy Filho, CEO of Itaú Unibanco, formally recommended Nubank’s entry into the Brazilian Federation of Banks (Febraban). This recommendation was followed by Itaú’s board, which unanimously approved the fintech’s membership in the entity. The initiative may open doors for greater integration of Nubank into the traditional financial sector.
At the same time, the fintech shows interest in replacing its contract with Allianz in the sports marketing scope, which could increase its visibility in the area. Cristina Junqueira, co-founder of Nubank, mentioned that the institution’s global strategy includes significant opportunities in the United States, such as brand exposure on sports uniforms.
These latest developments indicate a coordinated effort to consolidate Nubank’s presence both in the local and international markets. The expectation is that the digital bank will intensify its participation in the sports industry and strengthen its offering of diversified financial products.
