Itaú Unibanco Holding S.A. (ITUB) Income Statement
ITUB 2025 at a glance
Fiscal year ended December 31, 2025 · Brazilian reaisITUB revenue and net income
Where ITUB's revenue goes
2025Each bar shows an amount and its share of revenue. ITUB kept 11.7% of revenue as net income.
ITUB profit margins
ITUB growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +18.0% | +15.0% | +17.2% | +9.0% |
| Gross profit | +2.7% | +7.0% | +11.9% | +6.9% |
| Operating income | +5.7% | +11.0% | +57.2% | +10.7% |
| Net income | +9.2% | +15.4% | +18.9% | +5.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ITUB income statement in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$384.58B | R$325.85B | R$306.63B | R$253.12B | R$191.49B | R$173.58B | R$188.39B | R$170.74B | R$184.21B | R$209.71B |
| Cost of revenue | R$251.96B | R$196.75B | R$189.81B | R$144.90B | R$83.31B | R$98.01B | R$94.26B | R$81.20B | R$96.71B | R$117.59B |
| Gross profit | R$132.63B | R$129.10B | R$116.82B | R$108.23B | R$108.18B | R$75.57B | R$94.13B | R$89.54B | R$87.50B | R$92.11B |
| Research & development | — | — | — | — | — | — | R$0 | R$0 | R$0 | R$0 |
| Sales, general & admin | R$58.06B | R$55.71B | R$51.93B | R$50.28B | R$46.96B | R$66.66B | R$45.62B | R$42.55B | R$41.92B | R$41.27B |
| Total operating expenses | R$82.38B | R$81.54B | R$77.12B | R$71.53B | R$65.95B | R$70.34B | R$62.89B | R$58.93B | R$56.92B | R$56.44B |
| Operating income | R$50.25B | R$47.56B | R$39.70B | R$36.69B | R$42.23B | R$5.23B | R$31.24B | R$30.61B | R$30.58B | R$35.68B |
| Interest income | R$254.79B | R$242.26B | R$225.97B | R$190.27B | R$129.25B | R$128.98B | R$140.28B | R$133.18B | R$144.69B | R$161.50B |
| Interest expense | R$219.34B | R$167.28B | R$158.25B | R$116.75B | R$69.31B | R$73.56B | R$75.96B | R$70.61B | R$78.33B | R$95.13B |
| Income before taxes | R$50.25B | R$47.56B | R$39.70B | R$36.69B | R$42.23B | R$5.23B | R$31.24B | R$30.61B | R$30.58B | R$35.68B |
| Income taxes | R$4.40B | R$5.43B | R$5.82B | R$6.45B | R$13.85B | −R$9.83B | R$3.43B | R$4.97B | R$7.36B | R$13.66B |
| Net income | R$44.86B | R$41.09B | R$33.10B | R$29.21B | R$26.76B | R$18.90B | R$27.11B | R$24.91B | R$23.19B | R$21.63B |
| EBITDA | R$57.64B | R$54.00B | R$45.35B | R$41.49B | R$46.46B | R$8.96B | R$34.80B | R$34.17B | R$33.75B | R$38.93B |
| Gross margin | 34.5% | 39.6% | 38.1% | 42.8% | 56.5% | 43.5% | 50.0% | 52.4% | 47.5% | 43.9% |
| Operating margin | 13.1% | 14.6% | 12.9% | 14.5% | 22.1% | 3.0% | 16.6% | 17.9% | 16.6% | 17.0% |
| Net margin | 11.7% | 12.6% | 10.8% | 11.5% | 14.0% | 10.9% | 14.4% | 14.6% | 12.6% | 10.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$99.14B | R$96.48B | R$91.60B | R$96.15B | R$101.77B | R$95.07B | R$82.10B | R$75.26B | R$84.16B | R$78.11B | R$74.51B | R$80.18B |
| Cost of revenue | R$63.64B | R$63.63B | R$57.19B | R$61.95B | R$71.66B | R$61.17B | R$56.27B | R$42.19B | R$51.46B | R$46.82B | R$44.18B | R$47.77B |
| Gross profit | R$35.51B | R$32.85B | R$34.41B | R$34.21B | R$30.11B | R$33.90B | R$25.83B | R$33.08B | R$32.69B | R$31.29B | R$30.33B | R$32.41B |
| Sales, general & admin | R$10.15B | R$14.88B | R$9.30B | R$15.73B | R$16.96B | R$13.41B | R$6.88B | R$22.64B | R$13.23B | R$12.95B | R$14.39B | R$20.47B |
| Total operating expenses | R$21.35B | R$20.14B | R$20.42B | R$20.49B | R$20.45B | R$21.02B | R$12.75B | R$23.07B | R$20.43B | R$19.08B | R$20.25B | R$21.93B |
| Operating income | R$14.16B | R$12.71B | R$13.99B | R$13.72B | R$9.66B | R$12.88B | R$13.08B | R$10.01B | R$12.26B | R$12.21B | R$10.08B | R$10.47B |
| Interest income | R$74.84B | R$70.06B | R$56.88B | R$71.18B | R$64.76B | R$61.97B | R$67.33B | R$53.94B | R$63.98B | R$57.01B | R$50.79B | R$60.05B |
| Interest expense | R$54.84B | R$55.34B | R$49.48B | R$53.99B | R$63.40B | R$52.47B | R$48.30B | R$37.29B | R$43.78B | R$37.91B | R$36.70B | R$39.98B |
| Income before taxes | R$14.16B | R$12.71B | R$13.99B | R$13.72B | R$9.66B | R$12.88B | R$13.08B | R$10.01B | R$12.26B | R$12.21B | R$10.08B | R$10.47B |
| Income taxes | R$1.99B | R$833.0M | R$1.84B | R$2.12B | −R$1.74B | R$2.18B | R$1.96B | −R$587.0M | R$1.89B | R$2.17B | R$1.14B | R$2.00B |
| Net income | R$12.25B | R$11.64B | R$11.91B | R$11.31B | R$11.14B | R$10.51B | R$10.84B | R$10.37B | R$10.07B | R$9.81B | R$8.77B | R$8.36B |
| EBITDA | R$15.90B | R$14.58B | R$15.84B | R$15.96B | R$11.29B | R$14.55B | R$14.22B | R$11.66B | R$13.81B | R$13.76B | R$11.49B | R$12.36B |
| Gross margin | 35.8% | 34.0% | 37.6% | 35.6% | 29.6% | 35.7% | 31.5% | 43.9% | 38.8% | 40.1% | 40.7% | 40.4% |
| Operating margin | 14.3% | 13.2% | 15.3% | 14.3% | 9.5% | 13.6% | 15.9% | 13.3% | 14.6% | 15.6% | 13.5% | 13.1% |
| Net margin | 12.4% | 12.1% | 13.0% | 11.8% | 10.9% | 11.1% | 13.2% | 13.8% | 12.0% | 12.6% | 11.8% | 10.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported in ITUB's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ITUB financial results
In fiscal year 2025 (ended December 31, 2025), Itaú Unibanco reported revenue of R$384.6 billion, up 18.0% from the year before. It had net income of R$44.9 billion (up 9.2%), a net profit margin of 11.7%. Over five years revenue grew at an average rate of 17.2% a year. Figures are in Brazilian reais, the currency of its financial statements.
See the ITUB stock overview for the latest quote and news, or the ITUB chart for price history and technical indicators.
ITUB income statement FAQ
What is Itaú Unibanco's annual revenue?
Itaú Unibanco reported total revenue of R$384.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 18.0% from R$325.8 billion the previous year.
Is Itaú Unibanco profitable?
Yes. Itaú Unibanco reported net income of R$44.9 billion in fiscal 2025, a net profit margin of 11.7%; its operating margin was 13.1%.
What is Itaú Unibanco's gross margin?
Itaú Unibanco's gross margin was 34.5% in fiscal 2025: for every $100 of revenue, Itaú Unibanco kept $34 after the direct cost of its products and services.
How fast is Itaú Unibanco growing?
Revenue grew 17.2% a year on average over the last five fiscal years, from R$173.6 billion to R$384.6 billion.
When will Itaú Unibanco report its next earnings?
Itaú Unibanco is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Itaú Unibanco's fiscal year end?
Itaú Unibanco's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.