Nu Holdings Reaches 127 Million Customers with 31% Revenue Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: NASDAQ.COM
- Customer Base Expansion: Nu Holdings added 17.3 million customers in the past year, bringing its total to 127 million and covering 60% of the Brazilian adult population, demonstrating its strong penetration in the Latin American market and solidifying its market leadership.
- Significant Revenue Growth: As of September 2025, Nu's revenue increased by 31% year-over-year to $11.1 billion, indicating robust performance in the digital banking sector and likely attracting more investor interest in its future growth potential.
- Strong Profitability: In the first nine months of 2025, Nu achieved a net income of $2 billion, benefiting from an average monthly revenue of $13.40 per active customer against a service cost of just $0.90, showcasing its excellent unit economics and reinforcing confidence in its ability to continue expanding its customer base.
- AI Strategic Focus: CEO David Vélez stated during the Q3 2025 earnings call that Nu aims to become AI-first by deeply integrating foundational models into its banking operations, which is expected to create significant value for both customers and the business, indicating a future of technology-driven growth.
Analyst Views on NU
Wall Street analysts forecast NU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NU is 18.80 USD with a low forecast of 16.00 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 16.600
Low
16.00
Averages
18.80
High
22.00
Current: 16.600
Low
16.00
Averages
18.80
High
22.00
About NU
Nu Holdings Ltd is a Brazil-based holding company, which engages in the provision of digital banking services. The Company offers its customers products across the five financial seasons: spending, saving, investing, borrowing, and protecting. Its spending solutions are designed to help customers pay for goods and services in their everyday lives with a customized credit line or instantly through a mobile phone, while collecting loyalty points and rewards on applicable transactions. Its savings solutions are designed to help customers deposit, manage, and save their money in interest-earning accounts with complementary debit cards. Its investing solutions are designed to help customers invest their money in investment products and services. Its borrowing solutions are designed to provide customers with unsecured loans that are easy to receive, manage, and pay back. Its protecting solutions are designed to help customers secure life insurance and funeral benefits.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
