Itaú Unibanco Holding S.A. (ITUB) Balance Sheet
ITUB balance sheet, 2025
December 31, 2025 · Brazilian reaisR$3.08T assets = R$2.86T liabilities + R$214.97B equity
Both columns are drawn to the same scale: what ITUB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ITUB financial health
Debt / equity4.95
High leverage · R$4.95 of debt for each $1 of equity
Cash / debt42.2%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.8%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
ITUB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | R$1.35T2016 | R$3.08T2025 | +9.6%/yr | |
| Total liabilities | R$1.22T2016 | R$2.86T2025 | +10.0%/yr | |
| Shareholders’ equity | R$134.81B2016 | R$204.40B2025 | +4.7%/yr | |
| Cash & short-term investments | R$215.21B2016 | R$427.12B2025 | +7.9%/yr | |
| Total debt | R$320.29B2016 | R$1.01T2025 | +13.6%/yr | |
| Net cash (debt) | −R$105.08B2016 | −R$585.48B2025 | −R$480.4B | |
| Working capital | R$838.16B2016 | −R$381.45B2025 | −R$1.2T | |
| Debt / equity | 2.382016 | 4.952025 | +2.58 | |
| Shares outstanding | 9.85B2016 | 11.19B2025 | +1.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ITUB assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
ITUB liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
ITUB debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ITUB balance sheet in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | R$427.12B | R$637.43B | R$615.43B | R$577.22B | R$517.40B | R$570.11B | R$458.04B | R$487.19B | R$713.61B | R$215.21B |
| Cash & equivalents | R$270.61B | R$263.76B | R$228.41B | R$210.72B | R$224.85B | R$191.97B | R$156.20B | R$157.73B | R$146.63B | R$126.93B |
| Short-term investments | R$156.51B | R$373.68B | R$387.01B | R$366.50B | R$292.56B | R$378.14B | R$301.84B | R$329.46B | R$566.98B | R$88.28B |
| Receivables | R$4.40B | R$100.25B | R$96.51B | R$78.37B | R$66.30B | R$56.92B | R$56.66B | R$50.70B | R$11.22B | R$6.88B |
| Inventory | R$0 | R$0 | −R$137.10B | −R$556.08B | −R$863.44B | −R$922.99B | −R$740.53B | R$0 | R$36.09B | R$0 |
| Other current assets | R$0 | R$8.50B | R$144.81B | R$562.42B | R$868.68B | R$927.39B | R$744.86B | R$3.19B | R$0 | R$712.45B |
| Total current assets | R$204.32B | R$746.18B | R$719.65B | R$661.93B | R$588.94B | R$631.43B | R$519.02B | R$541.07B | R$725.07B | R$934.54B |
| Property, plant & equipment (net) | R$12.63B | R$13.26B | R$12.49B | R$11.63B | R$12.01B | R$11.85B | R$10.97B | R$7.30B | R$7.36B | R$8.04B |
| Goodwill & intangible assets | R$24.09B | R$24.00B | R$23.36B | R$23.11B | R$21.11B | R$17.33B | R$19.72B | R$19.33B | R$19.38B | R$17.06B |
| Long-term investments | R$1.09T | R$1.00T | R$894.31B | R$709.47B | R$612.62B | R$629.07B | R$542.19B | R$500.10B | R$424.08B | R$393.60B |
| Other non-current assets | R$1.74T | R$1.07T | R$893.28B | R$914.93B | R$834.52B | R$729.57B | R$545.58B | R$484.99B | R$260.35B | R$0 |
| Total assets | R$3.08T | R$2.85T | R$2.54T | R$2.32T | R$2.07T | R$2.02T | R$1.64T | R$1.55T | R$1.44T | R$1.35T |
| Liabilities | ||||||||||
| Accounts payable | — | — | R$30.76B | R$37.48B | R$30.19B | R$31.19B | R$28.71B | R$5.31B | R$7.72B | R$5.19B |
| Short-term debt | R$585.76B | R$623.96B | R$549.81B | R$451.60B | R$378.86B | R$392.69B | R$379.79B | R$411.94B | R$412.05B | R$94.41B |
| Deferred revenue | — | — | R$1.32B | R$2.74B | R$3.28B | R$3.20B | R$2.69B | R$2.53B | R$2.33B | R$1.98B |
| Total current liabilities | R$585.76B | R$1.70T | R$1.52T | R$1.34T | R$1.24T | R$1.22T | R$907.66B | R$887.23B | R$817.77B | R$96.38B |
| Long-term debt | R$349.20B | R$277.99B | R$261.51B | R$275.73B | R$211.09B | R$192.35B | R$155.25B | R$146.94B | R$123.66B | R$225.89B |
| Lease obligations | R$3.27B | R$3.68B | R$3.30B | R$3.93B | R$5.32B | R$5.07B | R$4.13B | R$0 | R$4.0M | R$0 |
| Other long-term liabilities | R$1.93T | R$657.32B | R$565.31B | R$526.87B | R$452.09B | R$455.55B | R$425.10B | R$368.16B | R$350.45B | R$0 |
| Total liabilities | R$2.86T | R$2.63T | R$2.34T | R$2.14T | R$1.90T | R$1.86T | R$1.49T | R$1.40T | R$1.29T | R$1.22T |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | R$136.84B | R$90.73B | R$90.73B | R$90.73B | R$90.73B | R$97.15B | R$97.15B | R$97.15B | R$97.15B | R$98.93B |
| Retained earnings (deficit) | — | R$121.43B | R$104.47B | R$86.21B | R$66.16B | R$47.35B | R$29.88B | R$29.67B | R$26.03B | R$26.90B |
| Treasury stock | — | — | — | — | — | — | −R$1.27B | −R$1.82B | −R$2.74B | −R$1.88B |
| Accumulated other comprehensive income | R$64.70B | R$121.27B | R$99.46B | R$77.06B | R$62.66B | R$46.75B | R$9.00B | R$9.67B | R$9.01B | R$25.53B |
| Minority interest | R$10.57B | R$10.19B | R$8.87B | R$9.39B | — | — | R$0 | R$0 | R$0 | R$0 |
| Total shareholders' equity | R$204.40B | R$211.09B | R$190.18B | R$167.72B | R$152.86B | R$142.99B | R$136.93B | R$136.78B | R$131.38B | R$134.81B |
| Key figures | ||||||||||
| Total debt | R$1.01T | R$905.63B | R$814.62B | R$721.40B | R$574.07B | R$577.99B | R$544.15B | R$559.07B | R$536.18B | R$320.29B |
| Net cash (debt) | −R$585.48B | −R$268.20B | −R$199.19B | −R$144.19B | −R$56.66B | −R$7.88B | −R$86.11B | −R$71.89B | R$177.44B | −R$105.08B |
| Working capital | −R$381.45B | −R$951.70B | −R$797.58B | −R$679.44B | −R$652.61B | −R$585.40B | −R$388.64B | −R$346.16B | −R$92.71B | R$838.16B |
| Tangible book value | R$180.31B | R$187.09B | R$166.81B | R$144.60B | R$131.75B | R$125.66B | R$117.21B | R$117.45B | R$112.00B | R$117.76B |
| Shares outstanding | 11.19B | 10.86B | 10.85B | 9.86B | 9.83B | 9.80B | 9.79B | 9.77B | 9.82B | 9.85B |
| Current ratio | 0.35 | 0.44 | 0.47 | 0.49 | 0.47 | 0.52 | 0.57 | 0.61 | 0.89 | 9.70 |
| Quick ratio | 0.74 | 0.43 | 0.47 | 0.49 | 0.47 | 0.52 | 0.57 | 0.61 | 0.89 | 2.30 |
| Debt / equity | 4.95 | 4.29 | 4.28 | 4.30 | 3.76 | 4.04 | 3.97 | 4.09 | 4.08 | 2.38 |
| Equity / assets | 6.6% | 7.4% | 7.5% | 7.2% | 7.4% | 7.1% | 8.4% | 8.8% | 9.1% | 10.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | R$393.01B | R$385.12B | R$427.12B | R$343.56B | R$332.52B | R$285.73B | R$637.43B | R$670.97B | R$594.33B | R$604.90B | R$615.43B | R$653.12B |
| Cash & equivalents | R$275.80B | R$273.61B | R$270.61B | R$264.31B | R$258.41B | R$255.00B | R$263.76B | R$245.83B | R$248.65B | R$227.96B | R$228.41B | R$225.74B |
| Short-term investments | R$117.21B | R$111.51B | R$156.51B | R$79.24B | R$74.11B | R$30.73B | R$373.68B | R$425.14B | R$345.68B | R$376.94B | R$387.01B | R$427.38B |
| Receivables | R$4.57B | R$4.22B | R$4.40B | R$111.45B | R$105.32B | R$98.45B | R$100.25B | R$91.95B | R$94.94B | R$94.41B | R$96.51B | R$84.43B |
| Inventory | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | −R$136.51B | −R$712.63B | −R$137.10B | −R$603.90B |
| Other current assets | R$21.04B | R$0 | R$0 | R$7.03B | R$7.68B | R$8.25B | R$8.50B | R$7.91B | R$144.27B | R$720.28B | R$144.81B | R$610.68B |
| Total current assets | R$418.62B | R$212.78B | R$204.32B | R$462.04B | R$445.52B | R$392.43B | R$746.18B | R$770.83B | R$697.03B | R$706.97B | R$719.65B | R$744.33B |
| Property, plant & equipment (net) | R$12.51B | R$12.30B | R$12.63B | R$12.40B | R$12.57B | R$13.01B | R$13.26B | R$12.85B | R$12.78B | R$12.35B | R$12.49B | R$10.80B |
| Goodwill & intangible assets | R$26.27B | R$25.84B | R$24.09B | R$23.82B | R$24.15B | R$24.05B | R$24.00B | R$24.02B | R$23.81B | R$23.05B | R$23.36B | R$23.50B |
| Long-term investments | R$919.11B | R$914.15B | R$1.09T | R$828.86B | R$867.06B | R$771.88B | R$1.00T | R$738.69B | R$727.80B | R$744.88B | R$894.31B | R$833.70B |
| Other non-current assets | R$1.83T | R$1.98T | R$1.74T | R$1.64T | R$1.53T | R$1.60T | R$1.07T | R$1.24T | R$1.26T | R$1.12T | R$893.28B | R$896.78B |
| Total assets | R$3.20T | R$3.14T | R$3.08T | R$2.97T | R$2.88T | R$2.80T | R$2.85T | R$2.78T | R$2.72T | R$2.61T | R$2.54T | R$2.51T |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | R$20.17B | R$35.26B | R$18.07B | R$30.76B |
| Short-term debt | R$655.81B | R$666.83B | R$585.76B | R$666.97B | R$609.03B | R$580.99B | R$623.96B | R$620.30B | R$608.53B | R$578.50B | R$549.81B | R$544.07B |
| Deferred revenue | — | — | — | — | — | — | — | R$1.40B | R$1.35B | R$1.23B | R$1.32B | R$1.48B |
| Total current liabilities | R$1.87T | R$666.83B | R$585.76B | R$1.74T | R$1.65T | R$1.62T | R$1.70T | R$1.66T | R$1.64T | R$1.56T | R$1.52T | R$1.49T |
| Long-term debt | R$364.74B | R$333.47B | R$349.20B | R$311.60B | R$325.25B | R$320.90B | R$277.99B | R$280.34B | R$266.52B | R$251.50B | R$261.51B | R$262.48B |
| Lease obligations | R$3.25B | R$3.17B | R$3.27B | R$3.17B | R$3.29B | R$3.42B | R$3.68B | R$3.45B | R$3.48B | R$3.16B | R$3.30B | R$3.37B |
| Other long-term liabilities | R$738.34B | R$1.92T | R$1.93T | R$697.76B | R$679.68B | R$652.29B | R$657.32B | R$631.74B | R$609.86B | R$605.17B | R$565.31B | R$560.14B |
| Total liabilities | R$2.97T | R$2.92T | R$2.86T | R$2.74T | R$2.66T | R$2.59T | R$2.63T | R$2.57T | R$2.52T | R$2.42T | R$2.34T | R$2.32T |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | R$136.70B | R$135.23B | R$136.84B | R$124.06B | R$124.06B | R$124.06B | R$90.73B | R$90.73B | R$90.73B | R$90.73B | R$90.73B | R$90.73B |
| Retained earnings (deficit) | — | — | — | — | — | — | R$121.43B | — | R$107.25B | R$100.24B | R$104.47B | R$98.54B |
| Accumulated other comprehensive income | R$81.11B | R$80.61B | R$64.70B | R$92.68B | R$84.50B | R$77.11B | R$121.27B | R$111.00B | R$103.40B | R$94.89B | R$99.46B | R$92.94B |
| Minority interest | R$10.25B | R$10.31B | R$10.57B | R$9.79B | R$9.90B | — | — | — | — | — | — | — |
| Total shareholders' equity | R$217.57B | R$217.32B | R$204.40B | R$214.92B | R$208.55B | R$201.14B | R$211.09B | R$201.37B | R$193.75B | R$185.55B | R$190.18B | R$183.64B |
| Key figures | ||||||||||||
| Total debt | R$1.02T | R$1.08T | R$1.01T | R$981.74B | R$937.58B | R$905.31B | R$905.63B | R$904.10B | R$878.54B | R$833.16B | R$814.62B | R$809.92B |
| Net cash (debt) | −R$630.79B | −R$699.58B | −R$585.48B | −R$638.18B | −R$605.06B | −R$619.58B | −R$268.20B | −R$233.12B | −R$284.21B | −R$228.26B | −R$199.19B | −R$156.80B |
| Working capital | −R$1.45T | −R$454.05B | −R$381.45B | −R$1.27T | −R$1.21T | −R$1.23T | −R$951.70B | −R$889.54B | −R$946.57B | −R$851.37B | −R$797.58B | −R$749.50B |
| Tangible book value | R$191.29B | R$191.48B | R$180.31B | R$191.09B | R$184.39B | R$177.09B | R$187.09B | R$177.35B | R$169.94B | R$162.49B | R$166.81B | R$160.13B |
| Shares outstanding | 11.15B | 11.12B | 13.00B | 10.80B | 10.87B | 10.20B | 10.88B | 10.87B | 9.87B | 9.84B | 9.89B | 9.87B |
| Current ratio | 0.22 | 0.32 | 0.35 | 0.27 | 0.27 | 0.24 | 0.44 | 0.46 | 0.42 | 0.45 | 0.47 | 0.50 |
| Quick ratio | 0.21 | 0.58 | 0.74 | 0.26 | 0.26 | 0.24 | 0.43 | 0.46 | 0.42 | 0.45 | 0.47 | 0.49 |
| Debt / equity | 4.71 | 4.99 | 4.95 | 4.57 | 4.50 | 4.50 | 4.29 | 4.49 | 4.53 | 4.49 | 4.28 | 4.41 |
| Equity / assets | 6.8% | 6.9% | 6.6% | 7.2% | 7.2% | 7.2% | 7.4% | 7.2% | 7.1% | 7.1% | 7.5% | 7.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported (latest annual report filed December 31, 2025); data from EODHD.
ITUB financial position
At the end of fiscal 2025 (December 31, 2025), Itaú Unibanco had total assets of R$3.08 trillion (up 7.8% from a year earlier), total liabilities of R$2.86 trillion and shareholders' equity of R$204.4 billion. It held R$427.1 billion in cash and short-term investments against R$1.01 trillion of debt, net debt of R$585.5 billion. Its current ratio was 0.35. In the latest quarter (ended June 30, 2026) total assets were R$3.20 trillion and equity R$217.6 billion.
Related: ITUB income statement, ITUB cash flow statement, ITUB key metrics. See the ITUB stock overview for the latest quote and news.
ITUB balance sheet FAQ
What are Itaú Unibanco's total assets?
Itaú Unibanco reported total assets of R$3.08 trillion at the end of fiscal 2025 (December 31, 2025), compared with R$2.85 trillion a year earlier.
How much debt does Itaú Unibanco have?
Itaú Unibanco had R$1.01 trillion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 4.95.
How much cash does Itaú Unibanco have?
Itaú Unibanco held R$427.1 billion in cash and short-term investments at the end of fiscal 2025; with R$1.01 trillion of debt that is net debt of R$585.5 billion.
What is Itaú Unibanco's book value?
Itaú Unibanco's shareholders' equity (book value) was R$204.4 billion at the end of fiscal 2025.
What is Itaú Unibanco's current ratio?
Itaú Unibanco had current assets of R$204.3 billion and current liabilities of R$585.8 billion, a current ratio of 0.35 (current liabilities exceed current assets).
How much goodwill does Itaú Unibanco have?
Itaú Unibanco carried R$24.1 billion of goodwill and intangible assets, 0.8% of total assets, at the end of fiscal 2025.