NYSE$NU
Nu Holdings Ltd. · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Nu reported strong growth with significant revenue and profitability improvements in Q4 2024.
Nu Holdings Ltd. delivered strong Q4 2024 financial results, achieving $2.99 billion in revenue, an 85% YoY increase in net income, and an 87% increase in adjusted net income. Customer base reached 114.2 million, with significant expansion in Mexico and Colombia. Operating efficiency improved with a 29.9% efficiency ratio, and the company continued strengthening its market position in Brazil. Interest-earning portfolio and total deposits saw substantial growth, reinforcing the company’s financial health.
- Revenue reached $2.99 billion, maintaining a strong growth trajectory.
- Net income rose 85% YoY to $552.6 million, with adjusted net income up 87%.
- Customer base expanded to 114.2 million, with strong momentum in Mexico and Colombia.
- Total deposits increased 55% YoY to $28.9 billion, reinforcing financial stability.
Headline financials
Revenue & EPS history
Nu · Revenue · Quarterly
$2.99B
Forward guidance
Nu Holdings remains focused on expansion and sustainable growth, particularly in Mexico and Brazil, while improving operating efficiency and maintaining strong financial performance.
Tailwinds
- Continued customer growth across Latin America.
- Strengthened presence in Mexico with 10 million customers.
- Expansion of secured lending portfolio by 615% YoY.
- Improved efficiency ratio by 150 basis points QoQ.
- Strong performance in high-income banking segment.
Headwinds
- Net interest margin declined due to FX volatility.
- Initial lower activity levels in Mexico and Colombia impacted consolidated activity rates.
- Higher funding costs in new geographical expansions.
- Credit risk remains a challenge despite improved NPL ratios.
- Economic uncertainties may impact customer spending and lending dynamics.
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 Q4 2024
-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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