Itau Unibanco Holding S.A annual debt-to-equity ratio
2008
2009
2010
2018
2019
2020
2021
2022
2023
2024
2025
Itau Unibanco Holding S.A Debt-to-Equity Ratio Growth & History (ITUB)
Itau Unibanco Holding S.A's debt-to-equity ratio was 2.76 for fiscal 2025.
View full Itau Unibanco Holding S.A company overviewItau Unibanco Holding S.A annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.76 | 0.31 | +12.58% |
| 2024 | 2024-12-31 | 2.45 | 0.07 | +3.05% |
| 2023 | 2023-12-31 | 2.38 | −0.18 | −6.89% |
| 2022 | 2022-12-31 | 2.55 | 1.87 | +276.83% |
| 2021 | 2021-12-31 | 0.68 | 0.05 | +8.49% |
| 2020 | 2020-12-31 | 0.62 | 0.00 | +0.23% |
| 2019 | 2019-12-31 | 0.62 | 0.07 | +13.04% |
| 2018 | 2018-12-31 | 0.55 | — | — |
| 2010 | 2010-12-31 | 2.71 | 0.70 | +34.47% |
| 2009 | 2009-12-31 | 2.02 | −0.66 | −24.57% |
| 2008 | 2008-12-31 | 2.67 | — | — |
Itau Unibanco Holding S.A quarterly debt-to-equity ratio
Q4.08
Q4.09
Q2.10
Q4.10
Q4.18
Q4.19
Q4.20
Q4.21
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.57 | 0.05 | +2.09% |
| Q1 2026 | 2026-03-31 | 2.67 | — | — |
| Q4 2025 | 2025-12-31 | 2.76 | — | — |
| Q3 2025 | 2025-09-30 | 2.45 | — | — |
| Q2 2025 | 2025-06-30 | 2.52 | — | — |
| Q4 2021 | 2021-12-31 | 0.68 | 0.05 | +8.49% |
| Q4 2020 | 2020-12-31 | 0.62 | 0.00 | +0.23% |
| Q4 2019 | 2019-12-31 | 0.62 | 0.07 | +13.04% |
| Q4 2018 | 2018-12-31 | 0.55 | — | — |
| Q4 2010 | 2010-12-31 | 2.71 | 0.70 | +34.47% |
| Q2 2010 | 2010-06-30 | 2.27 | — | — |
| Q4 2009 | 2009-12-31 | 2.02 | −0.66 | −24.57% |
| Q4 2008 | 2008-12-31 | 2.67 | — | — |
Itau Unibanco Holding S.A debt-to-equity ratio trends
Over the last five fiscal years, Itau Unibanco Holding S.A's debt-to-equity ratio increased from 0.62 to 2.76, a change of 2.13. The latest reported quarter, Q2 2026, shows 2.57.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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