- Inter & Co (NASDAQ:INTR) delivered solid revenue and net income growth in Q2 2026, further substantiating the value-add at the heart of the company’s technology.
- Inter & Co is a digital bank serving 45 million consumers through mortgages, credit, gift cards, investments and international payments.
- The fintech stock has given back 23 per cent year-over-year, while gaining only 68 per cent since inception in 2022, underperforming the Nasdaq’s 127 per cent effort.
Inter & Co (NASDAQ:INTR), a Brazil-based digital bank with 45 million customers and counting, delivered solid revenue and net income growth in Q2 2026, further substantiating the value-add at the heart of the company’s technology.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
During the quarter, Inter & Co nearly achieved its self-ascribed Rule of 50 – a combination of net revenue growth and return on equity (ROE) exceeding 50 per cent – posting an ROE of 16.3 per cent and revenue growth of 32 per cent year-over-year (YoY), surpassing the US$500 million mark. This substantial sum was supported by:
- Net income of US$81 million, up by 34 per cent quarter-over-quarter.
- Expense growth of 19 per cent YoY falling comfortably short of revenue growth.
- Improved underwriting, portfolio optimization and expansion in private payroll loans.
- According to Wednesday’s news release, non-performing loans also remained within expectations, backstopped by stringent underwriting standards and what the company ominously refers to as its “advanced collections capabilities.”
Operational momentum carries forward not only from a strong Q1 2026, which saw the company earn US$75.6 million in net income, but from increasingly profitable quarters extending back to Inter & Co’s initial listing on the Nasdaq in Q2 2022, when it earned R$16 million Brazilian Reals (about US$3.12 million today) from US$292 million in gross revenue and a customer base that had only recently surpassed 20 million.
The company’s money-making trajectory is in the hands of long-tenured Chair, Rubens Menin Teixeira de Souza, and Global Chief Executive Officer, João Vitor Menin de Souza, whose extensive financial and capital markets experience should allow you to sleep well at night, in terms of entrusting them with fostering shareholder value into the future.
Inter stock, however, hasn’t reflected its underlying company’s penchant for profitable growth, giving back 23 per cent year-over-year, while gaining only 68 per cent since inception in 2022, underperforming the Nasdaq’s 127 per cent effort, which seems awful modest for a company that has not wavered in its pursuit of fundamentally-sound growth.
Leadership commentary
“Our 2Q26 results showcase our ability to grow sustainably while continuing to gain market share across our verticals. Inter’s consistent momentum highlights the strength of our model and our unwavering focus on creating value for clients and investors,” Menin de Souza said in a statement. “Rule of 50 is already a reality, with revenue growth reaching 32% and an ROE surpassing 16%. This reflects our ability to achieve scalable and profitable growth, powered by a model that is becoming capital neutral — meaning our growth will increasingly be funded by our profitability.”
“As we look ahead,” he concluded, “we remain committed to growth, innovation and delivering sustainable profitability. Our unique ability to gain market share and fund growth organically through our profitability sets Inter apart. We will continue to lead and shape the future of financial services, creating meaningful impact and lasting value.”
“Our credit portfolio continues to expand at a strong 29% year-over-year pace, with loans per active client growing 11% — a reflection of how deeply embedded Inter has become in our clients’ financial lives. Private payroll loans remain a standout product, with a long runway of growth still ahead of us,” added Alexandre Riccio, Brazil CEO of Inter & Co. “Deeper client engagement is translating directly into higher ARPAC, as we deliver increasingly tailored financial solutions and convert strong relationships into sustainable value. This engagement is also demonstrated by our 9% market share of all Pix transactions in Brazil — a level of daily trust that few platforms can claim.”
About Inter & Co
Inter & Co is a digital bank serving 45 million consumers through mortgages, credit, gift cards, investments and international payments.
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