Nu Holdings (M1Z) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 14, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.17

Last Year’s EPS

0.1

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 6 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 25, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presents a strongly positive operating performance: robust customer growth, significant revenue and profit expansion, improving monetization (ARPAC), large credit and deposit growth, strong capital/liquidity buffers, and tangible AI/product progress. Near‑term headwinds and noise include regulatory changes to FGTS that reduced secured originations, several one‑time charges (Prosofipo, return‑to‑office provisions), and expected short‑term pressure on the efficiency ratio from deliberate investments in AI, global expansion and office reopening. Asset quality trends are broadly stable but subject to normal seasonality and higher provisions driven by growth. Overall, positive fundamentals and strategic positioning outweigh the manageable and largely explicit near‑term challenges.

Company Guidance

The company guided that 2026 will be an “inflection year” focused on three pillars—winning in core markets, laying foundations for international expansion (conditional OCC U.S. national bank approval in January) and scaling AI (nuFormer in production, Pix with AI >10M MAU)—while acknowledging near-term investments will pressure efficiency but drive medium‑term returns; key metrics cited to support that plan include 131M customers (‑17M net adds in 2025) with an 83% activity rate (Brazil: 113M customers, 86% activity), ARPAC of $15 (+9% QoQ, +27% YoY), Q4 revenues $4.9B (+45% YoY), gross profit nearly $2B (+38% YoY), net income $895M (+50% YoY) and ROE 33%, a total credit portfolio $32.7B (+40% YoY) (credit cards +12.2% QoQ; unsecured lending >$8B with $4B originations in Q4; secured lending +3.8% QoQ), total deposits $41.9B (+29% YoY) with cost of deposits at 87% of the interbank rate, risk‑adjusted NIM 10.5%, consolidated 15–90 day NPLs 4.1% and 90+ NPLs 6.6% (coverage strong), CLA/avg credit ~3.9%, managerial efficiency ratio under the new methodology at 19.9% (but management expects 80–100bps impact from return‑to‑office and some upward pressure from AI and globalization investments over the next 4–6 quarters), and robust capital/liquidity (total capital $8.9B; $3.6B covering regulatory requirements; $2.2B excess capital at operating entities; $3.0B unrestricted at Nu Holdings; available funding $38.8B, ~2x net credit portfolio of $19B).

Strong Customer Growth and Engagement

Total customers reached 131 million, +17 million net adds in 2025; activity rate at 83%, supporting scale and engagement metrics across markets.

Revenue and Profitability Expansion

Q4 revenues reached $4.9 billion, +45% year‑over‑year; gross profit nearly $2.0 billion, +38% year‑over‑year; net income $895 million, +50% year‑over‑year, delivering a record ROE of 33%.

Higher Monetization per Active Customer

ARPAC reached $15 per active customer, up ~9% quarter‑over‑quarter and +27% year‑over‑year, driven by deeper cross‑sell and platform monetization.

Credit Portfolio and Originations Growth

Total loan portfolio $32.7 billion, +40% year‑over‑year; unsecured lending balances surpassed $8 billion with record originations of $4.0 billion in Q4; credit cards grew 12.2% quarter‑over‑quarter (strongest quarterly growth since end‑2023).

Deposit Base and Funding Resilience

Total deposits $41.9 billion, +29% year‑over‑year with geographic diversification; available funding $38.8 billion (~2x net credit portfolio of $19 billion), and consolidated funding cost improved (deposit cost declined to 87% of interbank rate).

Operational Leverage — Efficiency Ratio Improvement

Under the new managerial methodology, the efficiency ratio fell to 19.9% (below 20% for first time), reflecting net revenues growing faster than operating expenses despite Q4 seasonality.

Asset Quality Trends and Coverage

Early‑stage delinquencies (15–90 days) improved 20 bps to 4.1%; 90+ NPLs declined 10 bps to 6.6%; coverage ratios remain strong and management reports no signs of deterioration.

Strategic Product and Tech Advances

Launched >100 new products/features in 2025; nuFormer foundation model in production for credit decisioning in Brazil and testing in other use cases; Pix with AI surpassed 10 million MAUs; conditional OCC approval for a U.S. national bank charter to support international expansion.

Capital Strength and Liquidity

Holdings level capital $8.9 billion (including $3.6 billion for regulatory requirements and $3.0 billion unrestricted at Nu Holdings level); $2.2 billion excess capital in operating entities to fund growth and global plans.

Managerial P&L and Disclosure Enhancement

Introduced a managerial P&L framework (reconciled to IFRS) to improve visibility on margins, operating leverage and cross‑product value creation; historical data restated back to Q1 2021.

Nu Holdings (DE:M1Z) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:M1Z Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 14, 2026	2026 (Q1)	0.17 / -	0.097	―	―	―
Feb 25, 2026	2025 (Q4)	0.16 / 0.16	0.096	68.14% (+0.07)
Nov 13, 2025	2025 (Q3)	0.14 / 0.14	0.096	41.59% (+0.04)
Aug 14, 2025	2025 (Q2)	0.11 / 0.12	0.085	40.00% (+0.03)
May 13, 2025	2025 (Q1)	0.10 / 0.10	0.066	46.15% (+0.03)
Feb 20, 2025	2024 (Q4)	0.10 / 0.10	0.068	41.25% (+0.03)
Nov 13, 2024	2024 (Q3)	0.09 / 0.10	0.053	82.26% (+0.04)
Aug 13, 2024	2024 (Q2)	0.08 / 0.08	0.042	100.00% (+0.04)
May 14, 2024	2024 (Q1)	0.07 / 0.07	0.033	100.00% (+0.03)
Feb 22, 2024	2023 (Q4)	0.07 / 0.07	0.017	300.00% (+0.05)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:M1Z Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 25, 2026	€14.00	€12.89	-7.91%
Nov 13, 2025	€13.83	€13.66	-1.20%
Aug 14, 2025	€10.34	€11.20	+8.29%
May 13, 2025	€11.76	€12.13	+3.11%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.