# Itau Unibanco Holding S.A.

Summary updated: 2026-10-03T21:55:41.001573Z
Canonical: https://finbar.com/research/companies/itau-unibanco-holding-s-a

## Overview

Itaú Unibanco Holding S.A. is a Brazil-centered universal bank and financial-services group. Its principal businesses are retail banking and wholesale banking, alongside market and corporate activities; its services include banking and credit for individuals and companies, insurance and private pension, and investment-related services. The company states its purpose as “to stimulate people’s power of transformation.” [1](https://app.finbar.com/go?id=P122104996)[2](https://app.finbar.com/go?id=T17272291)[3](https://app.finbar.com/go?id=T17272327)[4](https://www.itau.com.br/relacoes-com-investidores/en/itau-unibanco/corporate-profile/)

Brazil is its core market, with a broader presence across Latin America and operations or subsidiaries in North America, the Caribbean and Europe. For 2025, the group reported R$167.780 billion in IFRS-consolidated operating revenues; a third-party source reports 92,470 employees at year-end 2025. [5](https://app.finbar.com/go?id=T8806852)[6](https://app.finbar.com/go?id=T17272326)[7](https://stockanalysis.com/stocks/itub/employees/)
[1](https://app.finbar.com/go?id=P122104996)[2](https://app.finbar.com/go?id=T17272291)[3](https://app.finbar.com/go?id=T17272327)[5](https://app.finbar.com/go?id=T8806852)[6](https://app.finbar.com/go?id=T17272326)[4](https://www.itau.com.br/relacoes-com-investidores/en/itau-unibanco/corporate-profile/)[7](https://stockanalysis.com/stocks/itub/employees/)

## Products & services

Itaú Unibanco offers consumer and business credit including credit cards, personal and payroll loans, auto financing, mortgages, loans to small and middle-market businesses, corporate lending, and lending in Latin America. Its Brazil and Latin America credit portfolio totaled R$1,522.4 billion in June 2026, including R$150.4 billion in credit-card loans, R$152.2 billion in mortgages, and R$81.3 billion in payroll loans. [8](https://app.finbar.com/go?id=T16717010) Business services include Pix payments and collections, QR Code and Pix Automático, Bolecode, Pix via WhatsApp, card terminals, working-capital loans, and advances on card receivables. The working-capital offering includes installment plans starting after 30 days and terms up to five years; receivables advances provide access to funds on the same day or within one business day after confirmation, according to Itaú’s product descriptions. [9](https://www.itau.com.br/empresas/pix)[10](https://www.itau.com.br/empresas/emprestimos-financiamentos/capital-giro)[11](https://www.itau.com.br/empresas/emprestimos-financiamentos/antecipacao-recebiveis)

Other offerings include payment cards with benefits such as points or miles, cashback, travel features, partner discounts, and app-based card management; investment products including fixed-income and equity funds and PGBL/VGBL private pension plans; and life, residential, and automobile insurance. Life coverage includes death, accidental disability, serious-illness coverage, and assistance; residential insurance includes services such as locksmith, electrician, and plumber assistance. [12](https://www.itau.com.br/cartoes/beneficios)[13](https://www.itau.com.br/investimentos/tipos-de-investimentos/)[14](https://www.itau.com.br/investimentos/servicos/)[15](https://www.itau.com.br/seguros/vida/seguro-itau-vida)[16](https://www.itau.com.br/seguros/residencial)[17](https://www.itau.com.br/seguros/automovel/auto-itau)

For the first half of 2026, the bank’s managerial business-model reporting attributed R$53.8 billion of R$94.8 billion in operating revenues to Credit (56.8%), R$38.4 billion to Insurance & Services (40.5%), R$1.7 billion to Trading (1.8%), and R$0.9 billion to Excess Capital (0.9%). These are broad business categories rather than revenue shares for individual products. [18](https://app.finbar.com/go?id=T16717032)
[8](https://app.finbar.com/go?id=T16717010)[18](https://app.finbar.com/go?id=T16717032)[9](https://www.itau.com.br/empresas/pix)[10](https://www.itau.com.br/empresas/emprestimos-financiamentos/capital-giro)[11](https://www.itau.com.br/empresas/emprestimos-financiamentos/antecipacao-recebiveis)[12](https://www.itau.com.br/cartoes/beneficios)[13](https://www.itau.com.br/investimentos/tipos-de-investimentos/)[14](https://www.itau.com.br/investimentos/servicos/)[15](https://www.itau.com.br/seguros/vida/seguro-itau-vida)[16](https://www.itau.com.br/seguros/residencial)[17](https://www.itau.com.br/seguros/automovel/auto-itau)

## Geographic presence

Itaú Unibanco’s geographic footprint is centered in Brazil. In its 2025 reporting, the group defined “Brazil” by the headquarters location of entities and grouped the remaining entities as “Abroad.” It reported 92,470 employees worldwide at year-end: 82,693 in Brazil and 9,777 abroad. The reported employee counts abroad included 4,670 in Chile, 1,899 in Colombia, 1,277 in Uruguay, 1,354 in Paraguay, 271 in Europe and 306 in other locations. [19](https://app.finbar.com/go?id=T17272354)[20](https://app.finbar.com/go?id=T17272380)

The company’s disclosed international presence includes controlled financial-institution subsidiaries incorporated in Chile, Paraguay, Switzerland, Uruguay, the Cayman Islands, the United Kingdom and Colombia, and a U.S. securities broker. It also reports a representative office in Argentina serving corporate clients and wealth and private-banking individuals; the disclosures do not establish that each of these countries has a retail branch network. [19](https://app.finbar.com/go?id=T17272354)

Geographic income disclosures provide selected Brazil-versus-abroad categories rather than a single comprehensive revenue split. In 2025, interest-related income was R$278,006 million in Brazil and R$54,056 million abroad; commissions and banking fees were R$41,062 million in Brazil and R$5,935 million abroad. Income from insurance contracts and private pension, totaling R$8,731 million, was reported entirely in Brazil. [20](https://app.finbar.com/go?id=T17272380)
[19](https://app.finbar.com/go?id=T17272354)[20](https://app.finbar.com/go?id=T17272380)

## Business segments

For FY2025, Itaú Unibanco reported three business segments. **Retail Business** serves individuals and small companies, with products spanning loans, cards, acquiring, vehicle finance, investments, insurance, pension and premium-bond products; it generated R$112.2 billion, approximately **60.9%** of the three segments’ combined operating revenues. **Wholesale Business** serves multinational, financial-institution, large and middle-market corporate, and public-sector clients through lending, cash-management, treasury, trade and investment services; it generated R$62.6 billion, approximately **34.0%**. **Activities with the Market + Corporation** is reported as a combined segment; it generated R$9.6 billion, approximately **5.2%**. Shares are calculated from the three segments’ reported R$184.4 billion total, rather than consolidated IFRS revenue. [21](https://app.finbar.com/go?id=P150666682)[22](https://app.finbar.com/go?id=P150667647)[3](https://app.finbar.com/go?id=T17272327)[23](https://www.sec.gov/Archives/edgar/data/1132597/000113259726000132/itub-20251231.htm)

The company also presents a separate business-model revenue breakdown, which is not the same as its three business segments: **Credit** (R$101.6 billion; approximately **55.1%**), **Trading** (R$3.6 billion; approximately **2.0%**), **Insurance & services** (R$76.6 billion; approximately **41.5%**), and **Excess capital** (R$2.7 billion; approximately **1.5%**) of R$184.4 billion. The percentages are approximate and may not sum to 100% because the reported amounts are rounded. [24](https://app.finbar.com/go?id=T13415645)[23](https://www.sec.gov/Archives/edgar/data/1132597/000113259726000132/itub-20251231.htm)
[21](https://app.finbar.com/go?id=P150666682)[22](https://app.finbar.com/go?id=P150667647)[3](https://app.finbar.com/go?id=T17272327)[24](https://app.finbar.com/go?id=T13415645)[23](https://www.sec.gov/Archives/edgar/data/1132597/000113259726000132/itub-20251231.htm)

## Company history

Itaú Unibanco traces its roots to two Brazilian banking businesses: Casa Moreira Salles, founded by João Moreira Salles in 1924 and later developed into Unibanco, and Banco Central de Crédito, founded in São Paulo in 1943. The latter opened its first branches in 1945. [4](https://www.itau.com.br/relacoes-com-investidores/en/itau-unibanco/corporate-profile/)

Itaú’s growth included a 1964 combination with Banco Federal de Crédito, the creation of its investment bank in 1966, and adoption of the Banco Itaú name and logo in 1973. In 1980 it opened its first foreign branches, in New York and Portugal. During the 1990s, it acquired Brazilian banks including BANERJ and Bemge, as well as Banco del Buen Ayre in Argentina; in 2006 it acquired BankBoston’s Latin American operations. [4](https://www.itau.com.br/relacoes-com-investidores/en/itau-unibanco/corporate-profile/) [25](https://www.itau.com.br/itaubba-pt/quem-somos)

The defining event in the group’s formation came in 2008, when Itaú and Unibanco announced their merger. In 2017, Itaú-Unibanco acquired Citibank’s Brazilian retail business, subject to conditions set by Brazil’s competition authority. Milton Maluhy Filho became CEO in 2021. [26](https://www.itau.com.br/relacoes-com-investidores/en/100-years/) [27](https://www.gov.br/cade/en/matters/news/by-itau-unibanco) [28](https://www.itau.com.br/relacoes-com-investidores/en/administrative-structure/)
[4](https://www.itau.com.br/relacoes-com-investidores/en/itau-unibanco/corporate-profile/)[25](https://www.itau.com.br/itaubba-pt/quem-somos)[26](https://www.itau.com.br/relacoes-com-investidores/en/100-years/)[27](https://www.gov.br/cade/en/matters/news/by-itau-unibanco)[28](https://www.itau.com.br/relacoes-com-investidores/en/administrative-structure/)

## Sources

1. [Itau Unibanco Holding S.A. — Full financial report (2025 Y), p11](https://app.finbar.com/go?id=P122104996)
2. [Itau Unibanco Holding S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17272291)
3. [Itau Unibanco Holding S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17272327)
4. [www.itau.com.br](https://www.itau.com.br/relacoes-com-investidores/en/itau-unibanco/corporate-profile/)
5. [Itau Unibanco Holding S.A. — Full financial report (2025 Y), p9](https://app.finbar.com/go?id=T8806852)
6. [Itau Unibanco Holding S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17272326)
7. [stockanalysis.com](https://stockanalysis.com/stocks/itub/employees/)
8. [Itau Unibanco Holding S.A. — Presentation (2026 Q 2), p3](https://app.finbar.com/go?id=T16717010)
9. [www.itau.com.br](https://www.itau.com.br/empresas/pix)
10. [www.itau.com.br](https://www.itau.com.br/empresas/emprestimos-financiamentos/capital-giro)
11. [www.itau.com.br](https://www.itau.com.br/empresas/emprestimos-financiamentos/antecipacao-recebiveis)
12. [www.itau.com.br](https://www.itau.com.br/cartoes/beneficios)
13. [www.itau.com.br](https://www.itau.com.br/investimentos/tipos-de-investimentos/)
14. [www.itau.com.br](https://www.itau.com.br/investimentos/servicos/)
15. [www.itau.com.br](https://www.itau.com.br/seguros/vida/seguro-itau-vida)
16. [www.itau.com.br](https://www.itau.com.br/seguros/residencial)
17. [www.itau.com.br](https://www.itau.com.br/seguros/automovel/auto-itau)
18. [Itau Unibanco Holding S.A. — Presentation (2026 Q 2), p16](https://app.finbar.com/go?id=T16717032)
19. [Itau Unibanco Holding S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17272354)
20. [Itau Unibanco Holding S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17272380)
21. [Itau Unibanco Holding S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P150666682)
22. [Itau Unibanco Holding S.A. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P150667647)
23. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1132597/000113259726000132/itub-20251231.htm)
24. [Itau Unibanco Holding S.A. — Presentation (2025 Y), p22](https://app.finbar.com/go?id=T13415645)
25. [www.itau.com.br](https://www.itau.com.br/itaubba-pt/quem-somos)
26. [www.itau.com.br](https://www.itau.com.br/relacoes-com-investidores/en/100-years/)
27. [www.gov.br](https://www.gov.br/cade/en/matters/news/by-itau-unibanco)
28. [www.itau.com.br](https://www.itau.com.br/relacoes-com-investidores/en/administrative-structure/)

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