Nu Holdings Ltd. (NU) Income Statement
NU 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNU revenue and net income
Where NU's revenue goes
2025Each bar shows an amount and its share of revenue. NU kept 18.1% of revenue as net income.
NU profit margins
NU growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +43.0% | +49.1% | +84.8% | — |
| Gross profit | +39.6% | +32.4% | +70.4% | — |
| Operating income | +38.4% | — | — | — |
| Net income | +45.5% | — | — | — |
| EPS (diluted) | +47.5% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NU quarterly EPS vs estimates
Nu beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 12, 2026 (estimate $0.23).
NU income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.88B | $11.10B | $7.67B | $4.79B | $1.70B | $737.1M | $469.2M | $253.4M |
| Cost of revenue | $8.76B | $6.00B | $4.32B | $1.72B | $484.5M | $240.7M | $284.9M | $164.0M |
| Gross profit | $7.12B | $5.10B | $3.35B | $3.07B | $1.21B | $496.4M | $184.4M | $89.3M |
| Sales, general & admin | $602.2M | $1.44B | $1.14B | $1.43B | $659.9M | $366.6M | $198.1M | $82.4M |
| Total operating expenses | $3.25B | $2.31B | $1.81B | $5.10B | $1.87B | $829.2M | $313.7M | $122.7M |
| Operating income | $3.87B | $2.80B | $1.54B | −$308.9M | −$170.2M | −$92.0M | −$129.3M | −$33.4M |
| Interest income | $13.43B | $9.63B | $5.58B | $3.56B | $1.05B | $382.9M | $337.9M | $161.6M |
| Interest expense | $4.58B | $2.83B | $2.04B | $1.55B | $367.3M | $215.1M | $109.7M | $45.4M |
| Income before taxes | $3.87B | $2.80B | $1.54B | −$308.9M | −$170.2M | −$193.2M | −$129.3M | −$33.4M |
| Income taxes | $996.7M | $823.1M | $508.5M | $55.7M | −$4.8M | −$21.7M | −$36.8M | −$4.8M |
| Net income | $2.87B | $1.97B | $1.03B | −$364.6M | −$165.3M | −$171.5M | −$92.5M | −$28.6M |
| EBITDA | $3.97B | $2.87B | $1.60B | $1.27B | $214.9M | $29.3M | −$124.2M | −$32.3M |
| EPS (diluted) | $0.59 | $0.40 | $0.21 | −$0.07 | −$0.06 | −$0.14 | −$0.03 | — |
| Gross margin | 44.8% | 45.9% | 43.6% | 64.0% | 71.5% | 67.3% | 39.3% | 35.3% |
| Operating margin | 24.4% | 25.2% | 20.1% | −6.4% | −10.0% | −12.5% | −27.6% | −13.2% |
| Net margin | 18.1% | 17.8% | 13.4% | −7.6% | −9.7% | −23.3% | −19.7% | −11.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.52B | $4.98B | $4.70B | $4.17B | $3.68B | $3.25B | $2.99B | $2.86B | $2.75B | $2.64B | $2.18B | $2.14B |
| Cost of revenue | $3.02B | $2.98B | $2.62B | $2.23B | $2.04B | $1.87B | $1.63B | $1.54B | $1.42B | $1.49B | $685.8M | $1.22B |
| Gross profit | $2.50B | $2.00B | $2.09B | $1.95B | $1.64B | $1.38B | $1.36B | $1.32B | $1.33B | $1.15B | $1.50B | $914.8M |
| Sales, general & admin | $529.2M | $193.9M | $197.5M | $218.3M | $192.0M | $145.6M | $526.7M | $375.9M | $367.5M | $362.6M | $332.8M | $438.0M |
| Total operating expenses | $1.26B | $1.05B | $1.01B | $829.3M | $760.6M | $581.7M | $595.9M | $598.5M | $599.8M | $568.8M | $937.9M | $503.3M |
| Operating income | $1.24B | $954.3M | $1.08B | $1.12B | $879.4M | $795.1M | $767.5M | $723.8M | $725.4M | $578.5M | $559.9M | $411.5M |
| Interest income | $4.76B | $4.28B | $4.00B | $3.58B | $3.13B | $2.73B | $2.49B | $2.47B | $2.38B | $2.28B | $1.95B | $1.73B |
| Interest expense | $1.56B | $1.27B | $1.38B | $1.28B | $1.03B | $896.2M | $748.0M | $761.0M | $665.2M | $660.7M | $605.6M | $537.6M |
| Income before taxes | $1.24B | $955.3M | $1.08B | $1.12B | $879.4M | $795.1M | $767.5M | $723.8M | $725.4M | $578.5M | $559.9M | $411.5M |
| Income taxes | $175.2M | $82.9M | $182.9M | $333.6M | $242.4M | $237.9M | $214.8M | $170.4M | $238.1M | $199.7M | $199.1M | $108.5M |
| Net income | $1.06B | $872.1M | $892.4M | $782.5M | $636.8M | $557.2M | $552.6M | $553.4M | $487.3M | $378.8M | $360.9M | $303.0M |
| EBITDA | $1.28B | $989.7M | $1.11B | $1.14B | $902.4M | $816.4M | $788.5M | $743.1M | $743.8M | $597.0M | $576.5M | $430.7M |
| EPS (diluted) | $0.22 | $0.18 | $0.18 | $0.17 | $0.13 | $0.11 | $0.11 | $0.11 | $0.10 | $0.08 | $0.07 | $0.06 |
| Gross margin | 45.3% | 40.2% | 44.3% | 46.6% | 44.6% | 42.4% | 45.6% | 46.3% | 48.2% | 43.5% | 68.6% | 42.8% |
| Operating margin | 22.4% | 19.2% | 22.9% | 26.7% | 23.9% | 24.5% | 25.7% | 25.3% | 26.4% | 21.9% | 25.6% | 19.3% |
| Net margin | 19.2% | 17.5% | 19.0% | 18.7% | 17.3% | 17.2% | 18.5% | 19.4% | 17.7% | 14.4% | 16.5% | 14.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NU's financial statements (latest annual report filed April 8, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NU financial results
In fiscal year 2025 (ended December 31, 2025), Nu reported revenue of $15.9 billion, up 43.0% from the year before. It had net income of $2.9 billion (up 45.5%), a net profit margin of 18.1%. Diluted earnings per share came to $0.59. Over five years revenue grew at an average rate of 84.8% a year.
See the NU stock overview for the latest quote and news, or the NU chart for price history and technical indicators.
NU income statement FAQ
What is Nu's annual revenue?
Nu reported total revenue of $15.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 43.0% from $11.1 billion the previous year.
Is Nu profitable?
Yes. Nu reported net income of $2.9 billion in fiscal 2025, a net profit margin of 18.1%; its operating margin was 24.4%.
What is Nu's gross margin?
Nu's gross margin was 44.8% in fiscal 2025: for every $100 of revenue, Nu kept $45 after the direct cost of its products and services.
How fast is Nu growing?
Revenue grew 84.8% a year on average over the last five fiscal years, from $737.1 million to $15.9 billion.
What are Nu's earnings per share?
Nu earned $0.59 per diluted share in fiscal 2025, compared with $0.40 a year earlier.
When will Nu report its next earnings?
Nu is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 after the market closes.
When does Nu's fiscal year end?
Nu's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 8, 2026.