Nu Holdings Ltd. Class A ( (NU) ) has released its Q2 earnings. Here is a breakdown of the information Nu Holdings Ltd. Class A presented to its investors.
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Nu Holdings Ltd. is one of the world’s largest digital banking platforms, offering innovative financial solutions across Brazil, Mexico, and Colombia, with a focus on simplicity, low-cost services, and empowering users.
In its second-quarter earnings report for 2025, Nu Holdings Ltd. showcased significant growth, with revenues reaching a record $3.7 billion, marking a 40% year-over-year increase. The company continues to expand its customer base, now serving nearly 123 million customers, with a strong engagement rate of over 83%.
Key financial highlights include a robust net income of $637 million, a 42% increase from the previous year, and a notable rise in deposits to $36.6 billion, up 41% year-over-year. The company’s operating leverage was evident as the monthly average revenue per active customer increased to $12.2, while maintaining a stable cost to serve at $0.8 per customer.
Nu’s strategic growth in Latin America is evident, with Brazil showing strong performance and Mexico and Colombia experiencing significant customer growth. The company’s asset quality remains strong, as indicated by the improvement in the 15-90 NPL ratio for Brazil’s consumer credit portfolio.
Looking forward, Nu Holdings aims to continue its disciplined growth strategy, focusing on scaling efficiently while maintaining strong earnings and customer satisfaction. The company’s management remains optimistic about its ability to create long-term value for stakeholders.