Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.
Profile & Fundamentals
Nu: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Nu Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States. The company provides spending solutions comprising Nu credit and prepaid card, a digitally enabled card that acts as a credit and a prepaid card; Nubank+ Tier, an evolution of the Nu experience; Ultraviolet credit and prepaid card, a premium metal credit card; mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones; and Nu Shopping, an integrated marketplace that enables customers to purchase goods and services from various ecommerce retailers. It also offers transactional solutions, such as Nu Personal Accounts, a digital account solution for personal financial activities; Nu business accounts for entrepreneur customers and their businesses; and Nu business prepaid and credit card. In addition, it offers savings and investing solutions, including Money Boxes, a solution for goal-based investing; investing solutions, an attractive investment product with customized and conflict-free guidance; and NuCrypto, a solution for buying and selling cryptocurrencies through the Nu app. Further, the company provides borrowing solutions comprising personal unsecured and secured loans; Pix financing that enables credit card and digital account customers to make free and instant peer-to-peer transfers; Boleto financing, which enables credit card and digital account customers to make payments; purchase financing; cash-in financing; and NuPay to make online purchases and pay for services through Nu app. Additionally, it offers protection solutions, such as NuInsurance protection solutions, including life, mobile, auto, home, and financial protection insurance policies; and beyond financial services solutions, including NuTravel, a travel portal; and NuCel, a mobile phone service. Nu Holdings Ltd. was founded in 2013 and is based in Sao Paulo, Brazil.
Company profile record
Nu Holdings Ltd
Common Stock · Financials · Diversified Banks
Company
- Company / asset
- Nu Holdings Ltd
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Diversified Banks
- HQ
- 🇧🇷 Brazil
- Head office
- Rua Capote Valente, 39, Sao Paulo, SP, Brazil, 05409-000
Leadership & scale
- Chief executive
- Mr. David Velez-Osomo
- Full-time employees
- 0
- Fiscal year end
- December
- IPO date
- 2021-12-09
Fundamentals snapshot
- Market Cap
- USD 76.8B
- P/E
- 21.3x
- Revenue (Q2 26)
- USD 5.5B
- Profit (Q2 26)
- USD 1.1B
- Dividend Yield
- --
- Revenue (FY 25)
- USD 15.9B
- Shares in public float
- 3.7B
- Insider ownership
- 2.03%
Reporting & identifiers
- Symbol
- NU.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- KYG6683N1034
- Asset ID
- equity_a20ab55e-afdf-5659-b70c-b18a9649084c
Ownership
Shares Outstanding
Latest: 4.9B | Max: 4.9B | Min: 1.6B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
75.97%
3.7B latest reported shares
Insider Ownership
2.03%
Latest reported insider stake
Short Float
0.04%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
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| Reporting date | Shares outstanding |
|---|---|
| 2020-01-01 | 4,608,684,500 |
| 2021-01-01 | 1,602,126,000 |
| 2022-01-01 | 4,824,031,000 |
| 2023-01-01 | 4,510,962,500 |
| 2024-01-01 | 4,888,918,000 |
| 2025-01-01 | 4,907,352,000 |
| 2026-01-01 | 4,904,837,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 339,908,025 | 7.04% | 2026-03-31 |
| Baillie Gifford & Co Limited. | 229,930,331 | 4.76% | 2026-06-30 |
| Capital Research Global Investors | 142,761,832 | 2.96% | 2026-06-30 |
| Morgan Stanley - Brokerage Accounts | 141,628,383 | 2.93% | 2026-03-31 |
| State Street Corp | 93,023,623 | 1.93% | 2026-03-31 |
| JPMorgan Chase & Co | 91,396,721 | 1.89% | 2026-03-31 |
| FMR Inc | 73,219,488 | 1.52% | 2026-03-31 |
| WCM Investment Management | 72,837,195 | 1.51% | 2026-03-31 |
| iShares MSCI Brazil ETF | 53,083,918 | 1.1% | 2026-08-31 |
| Lone Pine Capital LLC | 47,219,717 | 0.98% | 2026-06-30 |
| NORGES BANK | 46,287,265 | 0.96% | 2026-06-30 |
| Bank of America Corp | 45,966,932 | 0.95% | 2026-03-31 |
| Vanguard International Growth Inv | 45,181,539 | 0.94% | 2026-06-30 |
| D1 Capital Partners L.P. | 44,418,543 | 0.92% | 2026-06-30 |
| T. Rowe Price Associates, Inc. | 43,718,199 | 0.91% | 2026-03-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Nu's financial results demonstrate powerful earnings growth driven by rapid customer adoption and deepening product usage across Latin America. Full-year 2025 revenue reached $15.88 billion while net income climbed to $2.87 billion, with second-quarter 2026 generating a record $1.06 billion in profit. As active clients expand to 139 million and monthly revenue per user climbs, revenue growth is decoupling from operational expenses. While headline cash flow appears negative due to rapid loan origination on the balance sheet, underlying banking operations remain highly profitable. The business model generates robust recurring cash flow that funds customer lending internally without needing outside equity capital.
Nu's financial results demonstrate powerful earnings growth driven by rapid customer adoption and deepening product usage across Latin America. Full-year 2025 revenue reached $15.88 billion while net income climbed to $2.87 billion, with second-quarter 2026 generating a record $1.06 billion in profit. As active clients expand to 139 million and monthly revenue per user climbs, revenue growth is decoupling from operational expenses. While headline cash flow appears negative due to rapid loan origination on the balance sheet, underlying banking operations remain highly profitable. The business model generates robust recurring cash flow that funds customer lending internally without needing outside equity capital.
Revenue, Net Income, and Free Cash Flow
Latest: USD 15.9B | Max: USD 15.9B | Min: USD -3.0B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 29x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Nu's profit margins continue to widen structurally as fixed technology overhead is spread across more than one hundred million active users. Operating margins expanded to 24.4% in 2025, with net margins holding near 18% and annualized return on equity reaching an industry-leading 33% by mid-2026. This performance reflects a monthly servicing cost under one dollar per user. While loan-loss provisions fluctuate with general economic conditions, healthy interest spreads provide a substantial earnings cushion. As the bank introduces secured payroll loans and mature customers adopt additional investment and insurance products, overall profitability will remain resilient against wider market turbulence.
Nu's profit margins continue to widen structurally as fixed technology overhead is spread across more than one hundred million active users. Operating margins expanded to 24.4% in 2025, with net margins holding near 18% and annualized return on equity reaching an industry-leading 33% by mid-2026. This performance reflects a monthly servicing cost under one dollar per user. While loan-loss provisions fluctuate with general economic conditions, healthy interest spreads provide a substantial earnings cushion. As the bank introduces secured payroll loans and mature customers adopt additional investment and insurance products, overall profitability will remain resilient against wider market turbulence.
Profitability Margins
Latest: 44.8% | Max: 71.5% | Min: -27.6%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
44.8%
Gross profit / revenue
Operating Margin
24.4%
Operating income / revenue
Net Margin
18.1%
Net income / revenue
FCF Margin
22.0%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
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| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2018-12-31 | 253,386,000 | -28,583,000 | -11,826,000 |
| 2019-12-31 | 469,227,000 | -92,531,000 | 271,458,000 |
| 2020-12-31 | 737,130,000 | -171,491,000 | 966,534,000 |
| 2021-12-31 | 1,698,020,000 | -165,334,000 | -2,952,816,000 |
| 2022-12-31 | 4,792,230,000 | -364,634,000 | 641,267,000 |
| 2023-12-31 | 7,669,109,000 | 1,030,530,000 | 1,089,186,000 |
| 2024-12-31 | 11,104,464,000 | 1,972,112,000 | 2,224,054,000 |
| 2025-12-31 | 15,878,616,000 | 2,868,892,000 | 3,493,249,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 28.63 | Trailing four quarters |
| 2024-12-31 | 25.68 | Trailing four quarters |
| 2023-12-31 | 36.46 | Trailing four quarters |
Profitability Margins
Matching annual reporting dates. Values are percentages.
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| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2018-12-31 | 35.26 | -13.18 | -11.28 | -4.67 |
| 2019-12-31 | 39.29 | -27.56 | -19.72 | 57.85 |
| 2020-12-31 | 67.34 | -12.48 | -23.26 | 131.12 |
| 2021-12-31 | 71.47 | -10.02 | -9.74 | -173.9 |
| 2022-12-31 | 64 | -6.45 | -7.61 | 13.38 |
| 2023-12-31 | 43.64 | 20.07 | 13.44 | 14.2 |
| 2024-12-31 | 45.93 | 25.17 | 17.76 | 20.03 |
| 2025-12-31 | 44.85 | 24.36 | 18.07 | 22 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-10-01.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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