Nu Holdings reports Q1 EPS 11c, consensus 13c

Reports Q1 revenue $3.25B, consensus $3.23B. Nu added 4.3M customers in Q1. “Starting 2025 strong, Nubank reached 118.6 million customers, adding over 4 million in a single quarter, showcasing its powerful platform scalability across Brazil, Mexico, and Colombia. This growth is driven by deepening customer engagement: 98.7 million monthly active users and an activity rate exceeding 83%. Revenues surged 40% year-over-year to $3.2 billion, driven by a 62% expansion in the interest-earning portfolio. In Brazil, nearly 30% of adults consider Nu their primary bank, confirming significant market share gains and value delivery. With disciplined boldness, we’re capitalizing on vast growth opportunities by responsibly expanding, strategically reinvesting, and scaling our proven flywheel model. We are confident that by continuously enhancing our offerings and market position, Nubank will capitalize on the long runway of growth ahead of us and deliver enduring value to both customers and shareholders,” says David Velez, founder and CEO of Nubank.