NYSE$NU
Nu Holdings Ltd. · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Nu Holdings hits record $637M net income as revenue reaches $3.7B and customer base nears 123M
Nu Holdings reported Q2 2025 results with revenue of $3.67 billion, up 40% year-over-year on an FX-neutral basis, and net income of $637 million, a record quarterly result and up 42% FX-neutral YoY. The digital bank added 4.1 million net new customers to reach 122.7 million with an activity rate above 83%. Deposits grew 41% FX-neutral to $36.6 billion while the credit portfolio expanded to $27.3 billion. Monthly ARPAC reached $12.2 (+18% FX-neutral YoY) and cost to serve remained stable at $0.8 per active customer. ROE was 28% despite higher RSU expenses and marketing investments that pushed the efficiency ratio to 28.3%.
- Revenue of $3.67B (+40% FX-neutral YoY); net income $637M (+42% FX-neutral), a quarterly record
- Customer base reached 122.7M (+4.1M net adds); activity rate held above 83%
- Deposits grew 41% FX-neutral to $36.6B; credit portfolio $27.3B (+40% FX-neutral YoY)
- Monthly ARPAC $12.2 (+18% FX-neutral); cost to serve $0.8 per active customer
- Brazil consumer 15-90 NPL improved 30bps to 4.4%; ROE remained strong at 28%
Headline financials
Revenue & EPS history
Nu · Revenue · Quarterly
$3.67B
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports · overlaid with Q2 2025
-0.3%
Avg return
Earnings day
-2.1%
Avg return
5 days after
+1.9%
Avg return
30 days after
62%
8 / 13 earnings
Positive
+29.9%
Q2 2022
Best reaction
-23.7%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.8% | -4.2% | -4.9% | |
| Q3 2025 | +1.5% | +0.4% | +8.4% | |
| Q2 2025 | +9.1% | +13.4% | +30.6% | |
| Q4 2024 | -18.9% | -13.9% | -13.1% | |
| Q3 2024 | -4.1% | -13.8% | -24.6% | |
| Q1 2024 | +6.2% | +2.5% | +2.1% | |
| Q4 2023 | +1.3% | +10.4% | +21.4% | |
| Q3 2023 | -3.3% | -4.5% | -0.1% | |
| Q1 2023 | +5.0% | +12.2% | +26.5% | |
| Q4 2022 | +7.6% | +2.5% | -5.3% | |
| Q2 2022 | +29.9% | +9.4% | +27.5% | |
| Q1 2022 | -15.4% | -21.0% | -27.0% | |
| Q4 2021 | -23.7% | -21.0% | -17.3% | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q4 2014 | — | — | — |
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