Nu Holdings Reports $895M Q4 Net Income, 39.7% Revenue Growth, Shares Drop 9.5%
Nu Holdings closed 2025 with record quarterly net income of $895 million and full-year net income of $2.87 billion, as revenues rose 39.7% to $16.3 billion. The company added 17 million customers to reach 131 million and achieved a 33% return on equity while shares fell 9.5% following earnings.
1. Record Financial Results
Nu Holdings delivered record fourth-quarter net income of $895 million, bringing full-year net income to $2.87 billion as revenues climbed 39.7% to $16.3 billion. Quarterly revenue reached $4.9 billion, up 56.6% year-over-year, propelled by higher monetization and operating leverage.
2. Customer Base Expansion
The bank added 17 million customers in 2025 to reach 131 million globally, with average revenue per active customer rising 27% to $15. Cost-to-serve remained at $0.80 per customer while disciplined risk management reduced the 15-90 day non-performing loan ratio to 4.1%.
3. Market Reaction
Despite robust results, Nu Holdings shares fell 9.5% as investors had priced in strong performance. Market focus now shifts to whether the company can sustain momentum and translate record profitability into longer-term share gains.
4. Strategic Outlook
In 2026, Nu Holdings aims to expand beyond Latin America into a global digital banking platform, backed by conditional approval for a US national bank charter and integration of its ‘nuFormer’ AI model to enhance credit underwriting.