Overview
Nu Holdings Ltd., one of the world’s largest digital financial services platforms, has reported impressive second-quarter financial results for 2025. With a customer base exceeding 122 million across Brazil, Mexico, and Colombia, the Company has demonstrated substantial growth and consistent performance amidst ongoing investments in expansion and customer engagement.
Nu Holdings Ltd Earnings
The Company’s earnings for Q2 2025 underscore its robust growth trajectory. Nu Holdings reported a quarterly net income of $637 million, nearly tripling its figures from two years ago. This achievement comes on the back of strategic investments aimed at scaling operations efficiently while fostering strong customer relationships.
Nu Holdings Ltd Financial Results
Here's a detailed look at some key financial metrics from the Q2 2025 results:
| Metric | Q2 2025 ($ Million) | YoY Change (%) | QoQ Change (%) |
|---|---|---|---|
| Total Revenue | 3.7 billion | 40% | No data |
| Net Income | 637 | 42% | No data |
| Net Interest Income | 2.1 billion | 33% | 11% |
| Gross Profit | 1.55 billion | 24% | 14% |
The revenue of $3.7 billion marks a 40% year-over-year growth on an FX-neutral basis (FXN), reinforcing Nu's strong market position. Additionally, the net interest income reached a record high, showcasing the firm’s ability to optimize cash flows and enhance profitability amid a dynamic financial landscape.
Revenue Breakdown
The following table provides a breakdown of revenue performance across major segments:
| Segment | Revenue ($ Million) | YoY Growth (%) | Comments |
|---|---|---|---|
| Overall Revenue | 3.7 billion | 40% | Record revenues |
| Deposits | 36.6 billion | 41% | Strong deposit growth |
| Total Receivables | 27.3 billion | 40% | Expansion across portfolios |
| Interest-Earning Portfolio | 15.7 billion | 55% | Significant increase |
The impressive revenue performance is driven by strong deposit growth of 41%, as customers across Brazil, Mexico, and Colombia continue to trust Nu with their financial reserves. The total receivables and interest-earning portfolio also witnessed substantial growth, underscoring the Company’s strategic expansion efforts.
Key Developments
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Brazilian Market: Nu's customer base in Brazil reached 107.3 million, surpassing 60% of the nation’s adult population. The Company’s brand strength and customer trust are reflected in the deposit base, which grew to $27.8 billion.
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Expanding Internationally: Nu Holdings’ international endeavors paid off handsomely, with the Company capturing 13% and 10% of the adult populations in Mexico and Colombia, respectively. Mexican deposits reached $6.7 billion, while Colombian deposits surged to $2.1 billion, marking an 841% increase YoY.
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Multi-Growth Platform: The Company expanded its active credit customer base to 55 million, and experienced growth in various segments, including SME, Super Core, High Income, and Mass Market. The active unsecured and secured loans customer bases also expanded robustly.
Comments from Company Officers
David Vélez, Founder and CEO of Nubank, remarked: “In Q2'25, we achieved another quarter of robust growth, expanding our customer base to nearly 123 million with over 4.1 million net additions, and maintaining an activity rate above 83%. These results come despite our ongoing investments in growth and, most importantly, in keeping our customers loving us fanatically, proving that it's possible to scale efficiently, with discipline, and still generate strong earnings while building the foundation for the long-term.”
Dividends and Share Repurchases
As of this report, there are no specific updates regarding dividends or share repurchase programs. The Company remains committed to reinvesting earnings into growth initiatives that sustain long-term shareholder value.
Nu Holdings Ltd Stock Forecast
Based on the impressive Q2 2025 financial results and the Company’s strategic growth trajectory, Nu Holdings Ltd's stock is poised for an optimistic outlook. Considering fundamental analyses alongside current market trends and the Company’s market capitalization of approximately $61 billion, here are projections for the stock price:
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High Projection: $11, based on continued growth in the customer base, successful international expansion, and robust revenue increase.
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Low Projection: $8, accounting for potential market volatility and challenges associated with scaling operations across diverse geographies.
In conclusion, Nu Holdings Ltd’s second-quarter results for 2025 underscore its robust financial health and strategic foresight. The Company is well-positioned to sustain its trajectory of innovation and growth in the competitive digital financial services landscape.
