Management remarks
Call period: 2026 Q2 · 2026-08-13
Guidance: Rob Livingston: Looking ahead, we continue to expect the efficiency ratio for the full year to average about 20%.Demand and orders: David Velez-Osomo: We already serve 6.8 million small businesses, making Nubank the largest financial institution in Brazil by number of business customers.Margins: Rob Livingston: Net interest income reached $3.7 billion, up 9% and net interest margin expanded 180 basis points to 22.9%.Analyst Q&A
Analyst Geoffrey Elliott asked: I noticed that the number of employees is down, is down from 10,500 to 10,400, which doesn't sound like a big change, but it had been growing pretty quickly up until now. What are your hiring plans? Management David Velez-Osomo answered: But the list of things that we also want to do, the list of things that we want to build is also infinite. And so it just opens up a larger opportunity of things that we can try. So net-net, I don't see us significantly increasing that number. I also don't necessarily see us decreasing the number that feels more or less right, but it's certainly 10,400 employees that will be 2, 3, 4, 5x more productive over the next few years as we really integrate more AI with that.管理层陈述
电话会期间：2026 Q2 · 2026-08-13
指引：罗布·利文斯顿：展望未来，我们将继续预计全年效率比率将维持在约20%的平均水平。需求与订单：戴维·贝莱斯-奥索莫：我们已服务680万家小微企业，使得Nubank成为巴西企业客户数量最多的金融机构。利润率：罗布·利文斯顿：净利息收入达37亿美元，增长9%，净息差扩大180个基点至22.9%。分析师问答
分析师杰弗里·埃利奥特提问：注意到员工数从10500人降至10400人，尽管变化不大但此前增长较快，询问公司的招聘计划。管理层戴维·贝莱斯-奥索莫回应称，公司待开发的业务机会无限，不会大幅增减员工数量，当前人数较为合适，但未来几年随着进一步整合人工智能，员工生产力将提升2到5倍。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
