Itaú Unibanco Holding S.A. (ITUB) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Itaú Unibanco Holding S.A. (ITUB) stock price & volume — 10-year historical chart
Itaú Unibanco Holding S.A. (ITUB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Itaú Unibanco Holding S.A. (ITUB) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.22vs $0.22+1.5% | $9.4Bvs $9.4B-0.1% |
| Q1 2026 | Feb 4, 2026 | $0.17vs $0.20-15.0% | $7.6Bvs $8.9B-15.2% |
| Q4 2025 | Nov 4, 2025 | $0.18vs $0.18+0.0% | $6.9Bvs $9.0B-22.8% |
| Q3 2025 | Aug 5, 2025 | $0.18vs $0.18+0.0% | $18.7Bvs $8.2B+127.5% |
Itaú Unibanco Holding S.A. (ITUB) competitors in Non-US regional and universal banks — business model, growth, and fundamentals comparison
Itaú Unibanco Holding S.A. (ITUB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Itaú Unibanco Holding S.A. (ITUB) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 67.31B | 62.56B | 42.19B | 40.81B | 59.95B | 72.42B | 64.14B | 74.98B | 35.45B |
| NII Growth % | 0.05% | -7.05% | -32.56% | -3.28% | 46.89% | 20.8% | -11.44% | 16.91% | -52.72% |
| Net Interest Margin % | 4.69% | 4.03% | 2.58% | 2.02% | 2.9% | 3.12% | 2.52% | 2.63% | 1.15% |
| Interest Income | 145.64B | 133.18B | 118.15B | 114.37B | 129.25B | 189.16B | 222.38B | 242.26B | 254.79B |
| Interest Expense | 78.33B | 70.61B | 75.96B | 73.56B | 69.31B | 116.75B | 158.25B | 167.28B | 219.34B |
| Loan Loss Provision | 18.38B | 10.59B | 18.3B | 24.45B | 14B | 28.15B | 31.56B | 29.47B | 32.62B |
| Non-Interest Income | 38.57B | 37.56B | 70.23B | 59.21B | 62.24B | 63.96B | 84.25B | 83.59B | 129.79B |
| Non-Interest Income % | 20.94% | 22% | 37.28% | 34.11% | 32.5% | 25.27% | 27.47% | 25.65% | 33.75% |
| Total Revenue | 184.21B▲ 0% | 170.74B▼ 7.3% | 188.39B▲ 10.3% | 173.58B▼ 7.9% | 191.49B▲ 10.3% | 253.12B▲ 32.2% | 306.63B▲ 21.1% | 325.85B▲ 6.3% | 384.58B▲ 18.0% |
| Revenue Growth % | -12.16% | -7.31% | 10.34% | -7.86% | 10.32% | 32.19% | 21.14% | 6.27% | 18.03% |
| Non-Interest Expense | 56.92B | 58.93B | 62.89B | 70.34B | 65.95B | 71.53B | 77.12B | 81.54B | 82.38B |
| Efficiency Ratio | 30.9% | 34.52% | 33.38% | 40.52% | 34.44% | 28.26% | 25.15% | 25.03% | 21.42% |
| Operating Income | 30.58B▲ 0% | 30.61B▲ 0.1% | 31.24B▲ 2.1% | 5.23B▼ 83.3% | 42.23B▲ 707.5% | 36.69B▼ 13.1% | 39.7B▲ 8.2% | 47.56B▲ 19.8% | 50.25B▲ 5.7% |
| Operating Margin % | 16.6% | 17.93% | 16.58% | 3.01% | 22.05% | 14.5% | 12.95% | 14.59% | 13.07% |
| Operating Income Growth % | -14.29% | 0.08% | 2.07% | -83.26% | 707.48% | -13.11% | 8.19% | 19.79% | 5.66% |
| Pretax Income | 30.58B▲ 0% | 30.61B▲ 0.1% | 31.24B▲ 2.1% | 5.23B▼ 83.3% | 42.23B▲ 707.5% | 36.69B▼ 13.1% | 39.7B▲ 8.2% | 47.56B▲ 19.8% | 50.25B▲ 5.7% |
| Pretax Margin % | 16.6% | 17.93% | 16.58% | 3.01% | 22.05% | 14.5% | 12.95% | 14.59% | 13.07% |
| Income Tax | 7.36B | 4.97B | 3.43B | -9.83B | 13.85B | 6.45B | 5.82B | 5.43B | 4.4B |
| Effective Tax Rate % | 24.06% | 16.23% | 10.98% | -188.03% | 32.79% | 17.58% | 14.67% | 11.41% | 8.76% |
| Net Income | 23.19B▲ 0% | 24.91B▲ 7.4% | 27.11B▲ 8.9% | 18.9B▼ 30.3% | 26.76B▲ 41.6% | 29.21B▲ 9.1% | 33.1B▲ 13.3% | 41.09B▲ 24.1% | 44.86B▲ 9.2% |
| Net Margin % | 12.59% | 14.59% | 14.39% | 10.89% | 13.97% | 11.54% | 10.8% | 12.61% | 11.66% |
| Net Income Growth % | 7.24% | 7.39% | 8.86% | -30.31% | 41.62% | 9.14% | 13.35% | 24.11% | 9.18% |
| Net Income (Continuing) | 23.23B | 25.64B | 27.81B | 15.06B | 28.38B | 30.24B | 33.88B | 42.13B | 45.85B |
| EPS (Diluted) | 2.43▲ 0% | 2.55▲ 4.9% | 2.77▲ 8.6% | 1.54▼ 44.4% | 2.72▲ 76.6% | 2.96▲ 8.8% | 3.05▲ 3.0% | 3.78▲ 23.9% | 3.93▲ 4.0% |
| EPS Growth % | 2.97% | 4.94% | 8.63% | -44.4% | 76.62% | 8.82% | 3.04% | 23.93% | 3.97% |
| EPS (Basic) | 2.45 | 2.56 | 2.78 | 1.54 | 2.74 | 2.98 | 3.05 | 3.82 | 3.97 |
| Diluted Shares Outstanding | 9.82B | 9.77B | 9.79B | 9.8B | 9.83B | 9.86B | 10.85B | 10.86B | 11.19B |
Itaú Unibanco Holding S.A. (ITUB) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 713.61B | 487.19B | 458.04B | 570.11B | 517.4B | 577.22B | 615.43B | 637.43B | 427.12B |
| Cash & Due from Banks | 146.63B | 157.73B | 156.2B | 191.97B | 224.85B | 210.72B | 228.41B | 263.76B | 270.61B |
| Short Term Investments | 566.98B | 329.46B | 301.84B | 378.14B | 292.56B | 366.5B | 387.01B | 373.68B | 156.51B |
| Total Investments | 1.23T | 1.26T | 1.33T | 1.66T | 1.67T | 1.92T | 2.1T | 2.37T | 2.25T |
| Investments Growth % | 5.36% | 2.35% | 5.28% | 25.12% | 0.52% | 14.99% | 9.39% | 12.73% | -4.92% |
| Long-Term Investments | 664.02B | 930.46B | 1.02T | 1.28T | 1.38T | 1.55T | 1.71T | 1.99T | 2.09T |
| Accounts Receivables | 2.84B | 3.16B | 3.24B | 2.98B | 3.84B | 3.61B | 3.78B | 4.08B | 4.4B |
| Goodwill & Intangibles | 19.38B | 19.33B | 19.72B | 17.33B | 21.11B | 23.11B | 23.36B | 24B | 24.09B |
| Goodwill | 11.14B | 11.44B | 11.16B | 8.19B | 7.82B | 7.55B | 7.83B | 8.35B | 8.34B |
| Intangible Assets | 8.24B | 7.89B | 8.56B | 9.14B | 13.29B | 15.56B | 15.53B | 15.65B | 15.75B |
| PP&E (Net) | 7.36B | 7.3B | 10.97B | 11.85B | 12.01B | 11.63B | 12.49B | 13.26B | 12.63B |
| Other Assets | -15.46B | 21.85B | 24.29B | 20.58B | 20.69B | 20.95B | 22.45B | 20.18B | 667.47B |
| Total Current Assets | 725.07B | 541.07B | 519.02B | 631.43B | 588.94B | 661.93B | 719.65B | 746.18B | 204.32B |
| Total Non-Current Assets | 711.17B | 1.01T | 1.12T | 1.39T | 1.48T | 1.66T | 1.82T | 2.11T | 2.87T |
| Total Assets | 1.44T▲ 0% | 1.55T▲ 8.1% | 1.64T▲ 5.5% | 2.02T▲ 23.3% | 2.07T▲ 2.5% | 2.32T▲ 12.2% | 2.54T▲ 9.6% | 2.85T▲ 12.2% | 3.08T▲ 7.8% |
| Asset Growth % | 6.28% | 8.12% | 5.45% | 23.31% | 2.47% | 12.17% | 9.57% | 12.24% | 7.78% |
| Return on Assets (ROA) | 1.66% | 1.67% | 1.7% | 1.03% | 1.31% | 1.33% | 1.36% | 1.52% | 1.51% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 536.18B | 559.07B | 544.15B | 577.99B | 574.07B | 721.4B | 814.62B | 905.63B | 1.01T |
| Net Debt | 389.54B | 401.35B | 387.95B | 386.02B | 349.22B | 510.68B | 586.21B | 641.87B | 741.99B |
| Long-Term Debt | 124.13B | 147.14B | 160.23B | 180.23B | 189.88B | 265.87B | 261.51B | 277.99B | 423.56B |
| Short-Term Debt | 412.04B | 411.94B | 375.66B | 387.62B | 378.86B | 451.6B | 549.81B | 623.96B | 585.76B |
| Other Liabilities | 347.26B | 364.99B | 412.25B | 458.98B | 464.41B | 529.71B | 560.13B | 651.78B | 1.84T |
| Total Current Liabilities | 817.77B | 887.23B | 907.66B | 1.22T | 1.24T | 1.34T | 1.52T | 1.7T | 585.76B |
| Total Non-Current Liabilities | 474.11B | 515.1B | 580.36B | 647.9B | 663.18B | 802.6B | 826.82B | 935.31B | 2.28T |
| Total Liabilities | 1.29T | 1.4T | 1.49T | 1.86T | 1.9T | 2.14T | 2.34T | 2.63T | 2.86T |
| Total Equity | 144.36B▲ 0% | 150.47B▲ 4.2% | 149.47B▼ 0.7% | 154.53B▲ 3.4% | 164.48B▲ 6.4% | 177.11B▲ 7.7% | 199.05B▲ 12.4% | 221.28B▲ 11.2% | 214.97B▼ 2.9% |
| Equity Growth % | 9.04% | 4.23% | -0.67% | 3.39% | 6.44% | 7.68% | 12.39% | 11.17% | -2.85% |
| Equity / Assets (Capital Ratio) | 10.05% | 9.69% | 9.13% | 7.65% | 7.95% | 7.63% | 7.83% | 7.75% | 6.99% |
| Return on Equity (ROE) | 16.76% | 16.9% | 18.08% | 12.43% | 16.78% | 17.1% | 17.6% | 19.55% | 20.56% |
| Book Value per Share | 14.70 | 15.39 | 15.27 | 15.77 | 16.73 | 17.96 | 18.34 | 20.38 | 19.21 |
| Tangible BV per Share | 12.73 | 13.42 | 13.26 | 14.00 | 14.58 | 15.62 | 16.19 | 18.17 | 17.06 |
| Common Stock | 97.15B | 97.15B | 97.15B | 97.15B | 90.73B | 90.73B | 90.73B | 90.73B | 136.84B |
| Additional Paid-in Capital | 1.93B | 2.12B | 2.17B | 2.52B | 0 | 0 | 0 | 0 | 2.87B |
| Retained Earnings | 26.03B | 29.67B | 29.88B | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 9.01B | 9.67B | 9B | 46.75B | 62.66B | 77.06B | 99.46B | 121.27B | 64.7B |
| Treasury Stock | -2.74B | -1.82B | -1.27B | -907M | -528M | -71M | -11M | -909M | -12.99M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Itaú Unibanco Holding S.A. (ITUB) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 8.64B | 22.71B | 35.16B | 59.49B | 60.11B | 129.63B | 77.49B | -96.32B | 129.38B |
| Operating CF Growth % | -71.49% | 162.77% | 54.83% | 69.2% | 1.03% | 115.67% | -40.22% | -224.3% | 234.33% |
| Net Income | 24.27B | 25.64B | 27.81B | 15.06B | 28.38B | 30.24B | 33.88B | 42.13B | 43.98B |
| Depreciation & Amortization | 3.17B | 3.57B | 3.56B | 3.73B | 4.23B | 4.8B | 5.65B | 6.44B | 0 |
| Deferred Taxes | 5.1B | 10.29B | 2.5B | -239M | 10.02B | 3.21B | 2.13B | 0 | 0 |
| Other Non-Cash Items | 46.23B | 12.96B | 20.83B | 35.62B | 44.79B | 52.09B | 41.7B | -68.08B | 33.66B |
| Working Capital Changes | -70.21B | -29.65B | -19.4B | 5.1B | -27.31B | 39.06B | -6.07B | -77.62B | 51.75B |
| Cash from Investing | -3.84B | 20.13B | -38.66B | 753M | -4.84B | -73.27B | -31.23B | 6.97B | -210.16B |
| Purchase of Investments | -23.81B | -9.77B | -387M | -11.91B | -33M | -65.63B | -41.41B | 0 | -156.19B |
| Sale/Maturity of Investments | 22.95B | 31.88B | 68M | 16.84B | 623M | 0 | 18.46B | 0 | 42.81B |
| Net Investment Activity | -857M | 22.11B | -319M | 4.93B | 590M | -65.63B | -22.95B | 0 | -113.38B |
| Acquisitions | -245M | 1.38B | 0 | 0 | -10M | 0 | 0 | -135M | 0 |
| Other Investing | 858M | -495M | -36.72B | -2.46B | 3.66B | -4.91B | -4.47B | 8.94B | -89.81B |
| Cash from Financing | -16.92B | -31.58B | -21.3B | -13.55B | -31.46B | -31.71B | -22.45B | 81.69B | 88.6B |
| Dividends Paid | -10.38B | -20.09B | -25.91B | -11.55B | -6.27B | -6.71B | -10.35B | -21.31B | -47.35B |
| Share Repurchases | -3.09B | -510M | 0 | 0 | 0 | 0 | -689M | -1.77B | -3.02B |
| Stock Issued | 980M | 1.19B | 742M | 494M | 510M | 453M | 689M | 772M | 928.4M |
| Net Stock Activity | -2.11B | 677M | 742M | 494M | 510M | 453M | 0 | -1B | -2.1B |
| Debt Issuance (Net) | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K |
| Other Financing | 5.42B | -26M | -1.84B | 2.82B | -1.54B | -3.26B | -1.29B | 104.44B | 94.56B |
| Net Change in Cash | -12.8B▲ 0% | 12.24B▲ 195.6% | -24.75B▼ 302.1% | 35.01B▲ 241.5% | 3.86B▼ 89.0% | 370M▼ 90.4% | 12.29B▲ 3220.5% | 743M▼ 94.0% | 0▼ 100.0% |
| Exchange Rate Effect | -687M | 990M | 54M | -11.68B | -19.94B | -24.28B | -11.53B | 8.4B | -7.82B |
| Cash at Beginning | 96.12B | 83.31B | 95.56B | 70.81B | 105.82B | 103.89B | 104.26B | 116.54B | 0 |
| Cash at End | 83.31B | 95.56B | 70.81B | 105.82B | 109.69B | 104.26B | 116.54B | 117.29B | 0 |
| Interest Paid | 0 | 0 | 77.31B | 77.01B | 0 | 107.47B | 115.52B | 131.1B | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 5.05B▲ 0% | 19.84B▲ 293.1% | 30.85B▲ 55.4% | 54.18B▲ 75.6% | 51.02B▼ 5.8% | 121.14B▲ 137.4% | 68.3B▼ 43.6% | -98.15B▼ 243.7% | 128.23B▲ 230.6% |
| FCF Growth % | -82.13% | 293.13% | 55.44% | 75.65% | -5.83% | 137.41% | -43.62% | -243.7% | 230.64% |
Itaú Unibanco Holding S.A. (ITUB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 17.55% | 16.76% | 16.9% | 18.08% | 12.43% | 16.78% | 17.1% | 17.6% | 19.55% | 20.56% |
| Return on Assets (ROA) | 1.65% | 1.66% | 1.67% | 1.7% | 1.03% | 1.31% | 1.33% | 1.36% | 1.52% | 1.51% |
| Net Interest Margin | 4.98% | 4.69% | 4.03% | 2.58% | 2.02% | 2.9% | 3.12% | 2.52% | 2.63% | 1.15% |
| Efficiency Ratio | 26.91% | 30.9% | 34.52% | 33.38% | 40.52% | 34.44% | 28.26% | 25.15% | 25.03% | 21.42% |
| Equity / Assets | 9.8% | 10.05% | 9.69% | 9.13% | 7.65% | 7.95% | 7.63% | 7.83% | 7.75% | 6.99% |
| Book Value / Share | 13.44 | 14.7 | 15.39 | 15.27 | 15.77 | 16.73 | 17.96 | 18.34 | 20.38 | 19.21 |
| NII Growth | -7.49% | 0.05% | -7.05% | -32.56% | -3.28% | 46.89% | 20.8% | -11.44% | 16.91% | -52.72% |
| Dividend Payout | 35.48% | 46.57% | 80.67% | 95.58% | 61.13% | 23.42% | 22.96% | 31.26% | 51.88% | 105.56% |
Itaú Unibanco Holding S.A. (ITUB) stock FAQ — growth, dividends, profitability & financials explained
Itaú Unibanco Holding S.A. (ITUB) grew revenue by 18.0% over the past year. This is strong growth.
Yes, Itaú Unibanco Holding S.A. (ITUB) is profitable, generating $44.86B in net income for fiscal year 2025 (11.7% net margin).
Yes, Itaú Unibanco Holding S.A. (ITUB) pays a dividend with a yield of 10.14%. This makes it attractive for income-focused investors.
Itaú Unibanco Holding S.A. (ITUB) has a return on equity (ROE) of 20.6%. This is excellent, indicating efficient use of shareholder capital.
Itaú Unibanco Holding S.A. (ITUB) has a net interest margin (NIM) of 1.2%. NIM has been under pressure due to interest rate environment.
Itaú Unibanco Holding S.A. (ITUB) has an efficiency ratio of 21.4%. This is excellent, indicating strong cost control.
Itaú Unibanco Holding S.A. (ITUB) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates