Itaú Unibanco (ADR)
Serves Brazilian consumers and companies through retail, wholesale, payments and investment businesses.
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Profile
Provides banking, credit, cards, acquiring, insurance, investments and wealth services, with retail as its largest business and wholesale banking next. Operations center on Brazil while extending across Latin America, supported by a client-focused digital model.
Combines consumer and small-business banking with cards, acquiring, credit, insurance-related services, investments and wealth management. Retail is the largest of its three managerial segments, followed by Wholesale Business and Activities with the Market + Corporation.
Serves large companies through corporate and investment banking while operating beyond Brazil in selected Latin American markets. A long history of mergers and acquisitions built its branch, wholesale, payments and regional capabilities.
Modernizes systems architecture, data, design and digital delivery around stated client-focused priorities. The business remains tied to Central Bank of Brazil supervision, capital and liquidity rules, compulsory deposits, directed-credit requirements, borrower conditions and Brazil's interest-rate, inflation, employment and exchange-rate cycles.
Company facts
Categories
Key statistics
Year to date +3.6% · Average volume (30d) 20.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Jul 10, 2025 | UBS | Downgrade | Buy | Neutral | |
| Jan 17, 2025 | UBS | Upgrade | Neutral | Buy | |
| Jan 13, 2025 | HSBC | Upgrade | Hold | Buy | $6.80 |
| Jan 13, 2025 | HSBC Securities | Upgrade | Hold | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.22 | $0.21 | −4.5% | $9.29B | $9.07B | −2.4% | −3.53% |
| May 5, 2026Q1 FY26 | $0.22 | $0.20 | −9.1% | $9.41B | $8.88B | −5.6% | −1.40% |
| Feb 4, 2026Q4 FY25 | $0.20 | $0.17 | −15.0% | $8.94B | $7.58B | −15.2% | +2.24% |
| Nov 4, 2025Q3 FY25 | $0.18 | $0.18 | 0.0% | $8.97B | $6.93B | −22.8% | +1.36% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $18.26B | $19.55B | $18.47B | $17.60B | $18.53B | $19.05B | |
| Gross profit | $6.51B | $5.78B | $6.57B | $6.61B | $6.31B | $6.82B | |
| Operating income | $2.48B | $1.86B | $2.64B | $2.69B | $2.44B | $2.72B | |
| Net income | $2.02B | $2.14B | $2.17B | $2.29B | $2.24B | $2.35B | |
| Diluted EPS | $0.20 | $0.20 | $0.19 | $0.18 | $0.20 | $0.21 | |
| Gross margin | 35.7% | 29.6% | 35.6% | 37.6% | 34.0% | 35.8% | |
| Operating margin | 13.6% | 9.5% | 14.3% | 15.3% | 13.2% | 14.3% |
Fiscal years (4-quarter sums)FY21 $36.79B · FY22 $50.98B · FY23 $59.47B · FY24 $61.40B · FY25 $73.88B
Balance sheet, Jun 30, 2026Cash & short-term investments $75.50B · Total debt $196.68B · Total assets $615.14B · Shareholders' equity $41.80B
Dividends
Raised for 3 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 4, 2026 | Aug 4 | Sep 9 | $0.0033 | |
| Jul 2, 2026 | Jul 2 | Aug 10 | $0.0033 | cut from $0.0718 |
| Jun 22, 2026 | Jun 22 | Sep 8 | $0.0718 | raised from $0.0035 |
| Jun 2, 2026 | Jun 2 | Jul 9 | $0.0035 | cut from $0.0036 |
| May 5, 2026 | May 5 | Jun 8 | $0.0036 | raised from $0.0034 |
| Apr 2, 2026 | Apr 2 | May 11 | $0.0034 | cut from $0.068 |
| Mar 23, 2026 | Mar 23 | $0.068 | raised from $0.0035 | |
| Mar 3, 2026 | Mar 3 | Apr 9 | $0.0035 |
Ownership
Shares outstanding 11.02B · Float 5.85B · 53.1% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Capital Research Global Investors | 94.96M | 0.86% | 13F | Aug 12, 2026 |
| Orbis Allan Gray Ltd | 81.30M | 0.74% | 13F | Aug 14, 2026 |
| Westwood Global Investments, LLC | 61.53M | 0.56% | 13F | Aug 7, 2026 |
| Schroder Investment Management Group | 56.75M | 0.51% | 13F | Aug 13, 2026 |
| GQG Partners LLC | 48.14M | 0.44% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 7, 2026 | Vanzo Carlos Orestes | officer: SMEs Officer (retail segment) | −60,000 | $8.24 |
| Apr 17, 2026 | Fajerman Sergio Guillinet | officer: Chief People and MKT Officer | −39,477 | $9.53 |
| Apr 15, 2026 | Fajerman Sergio Guillinet | officer: Chief People and MKT Officer | −20,000 | $9.45 |
| Apr 14, 2026 | Fajerman Sergio Guillinet | officer: Chief People and MKT Officer | −50,000 | $9.38 |
| Apr 8, 2026 | Rodrigues Andre Luis Teixeira | officer: Retail business Officer | −182,800 | $8.82 |
Peers
- Banco Bradesco (ADR)
Broad overlap across Brazilian banking, cards, wealth, and insurance
- Santander Brasil (ADR)
Retail and wholesale overlap across Brazil's banking market
- Nu
Digital-first pressure in cards, deposits, lending, and investments
- XP
Investment-platform rivalry spanning advice, assets, and wholesale
- StoneCo
Merchant-acquiring pressure with banking and credit adjacencies
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Itaú Unibanco (ADR) | $7.50 | +0.13% | $82.66B | 9.6 | 9.9 | — | −51.6% |
| Banco Bradesco (ADR) | $3.28 | +0.92% | $34.37B | 7.5 | 7.4 | 0.5 | −47.8% |
| Santander Brasil (ADR) | $5.81 | −0.17% | $43.50B | 10.8 | 9.1 | 1.1 | −54.6% |
| Nu | $14.32 | +0.21% | $69.26B | 19.3 | 14.4 | 3.6 | +66.0% |
| XP | $17.66 | +0.01% | $9.24B | 9.1 | 9.9 | 2.5 | +16.7% |
| StoneCo | $9.70 | 0.00% | $2.36B | 3.9 | 5.7 | 0.9 | +14.3% |
| Median | 9.1 | 9.1 | 1.1 | +14.3% |