NYSE$NU
Nu Holdings Ltd. · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Nu Holdings Q3 revenue hits record $4.2B as customers reach 127M and credit portfolio grows 42%
Nu Holdings reported record Q3 2025 results with revenue of $4.17 billion, up 39% year over year on an FX-neutral basis, as the digital bank added 4.3 million customers to reach 127.0 million with an activity rate above 83%. Net income was $783 million (+39% FXN), adjusted net income $829 million, and return on equity reached a record 31%. Gross profit was $1.81 billion with a 43% margin, while the efficiency ratio improved slightly to 27.7%. Total credit portfolio expanded 42% FXN to $30.4 billion, deposits rose 34% FXN to $38.8 billion, and monthly ARPAC surpassed $13. CEO David Vélez highlighted accelerating growth in Mexico and Colombia and outlined an AI-first platform strategy.
- Revenue $4.17B (+39% YoY FXN); net income $783M (+39% FXN) and adjusted net income $829M.
- Customers reached 127.0M (+4.3M net adds); activity rate above 83%; monthly ARPAC $13.4.
- Credit portfolio $30.4B (+42% FXN); deposits $38.8B (+34% FXN); loan-to-deposit ratio 46%.
- Purchase volume $36.5B (+18% FXN); Brazil 15-90 day NPL 4.2% and 90+ NPL 6.8%.
- Efficiency ratio 27.7%; record 31% ROE; management targeting AI-first banking platform evolution.
Headline financials
Revenue & EPS history
Nu · Revenue · Quarterly
$4.17B
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 Q3 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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