Nu Holdings Ltd.
Financial Performance
Nubank Revenue & Financials
Revenue
$15.8B (FY2025)
Market Cap
$66.3B
Net Income
$2.9B
Employees
10,027
What is Nubank's revenue?
Nubank had $15.8B in revenue for fiscal year 2025, up 37% from 2024. Net income was $2.9B.
- Latest revenue
- $15.8B (FY2025)
- Year-over-year
- +37%
- Growth rate (CAGR)
- 71.9% over 6 years
- Peak revenue
- $15.8B (FY2025)
- Years of data
- 7
- Employees
- 10,027
- How much profit does Nubank make?
- Nubank reported net income of $2.9B for fiscal year 2025. sec.gov
- How many employees does Nubank have?
- Nubank has about 10,027 employees.
Financial Analysis
Nubank turned its first annual profit in 2023 ($1.03 billion on $8.03 billion revenue) and has scaled fast since. Under IFRS it reported FY2024 revenue of $11.52 billion and net income of $1.97 billion, then FY2025 revenue of $15.77 billion and net income of $2.87 billion. Using its newer managerial P&L, it reported Q4 2025 revenue of $4.9 billion and net income of $895 million with a 33% ROE. In Q2 2026, gross revenue rose 39% to $5.88 billion and net income reached $1.061 billion, up 49% FX-neutral, with a record 33% return on equity. Nubank (Nu Holdings Ltd.) is the absolute largest digital neobank in the world outside of Asia, commanding a massive market valuation generally exceeding $50 billion.
Revenue Trend Analysis
YoY Change
+37%
6-Year CAGR
+71.9%
Peak Year
2025
Trend
Consistent Growth
Nu Holdings Ltd. has 7 full fiscal year figures on this page, compounding at +71.9% annually over 6 years. The most recent year saw a 37% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $15.8B. Of 6 comparable year-over-year steps, 6 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | $15.8B | $2.9B | +37.0% | sec.gov Nu Holdings reported FY2025 total revenue of $15.7748 billion and net income of $2.8717 billion. |
| FY2024 | $11.5B | $2B | +43.4% | Nu Holdings annual report (Form 20-F, SEC EDGAR, filed 2025-04-16) Fiscal year ended 2024-12-31. |
| FY2023 | $8B | $1B | +67.5% | Nu Holdings annual report (Form 20-F, SEC EDGAR, filed 2025-04-16) Fiscal year ended 2023-12-31. |
| FY2022 | $4.8B | -$364.6M | +182.2% | Nu Holdings annual report (Form 20-F, SEC EDGAR, filed 2025-04-16) Fiscal year ended 2022-12-31. |
| FY2021 | $1.7B | -$165M | +130.4% | Nu Holdings annual report (Form 20-F, SEC EDGAR, filed 2024-04-19) Fiscal year ended 2021-12-31. |
| FY2020 | $737.1M | -$171.5M | +20.4% | Nu Holdings annual report (Form 20-F, SEC EDGAR, filed 2023-04-20) Fiscal year ended 2020-12-31. |
| FY2019 | $612.1M | -$92.5M | — | Nu Holdings annual report (Form 20-F, SEC EDGAR, filed 2022-04-21) Fiscal year ended 2019-12-31. |
Click any row to see year details.
Nu Holdings Ltd. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 20-F, linked on each row.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2024ended Dec 31, 2024 | $2.4B | $49.9B | $42.3B | $7.6B | Form 20-F |
| FY2023ended Dec 31, 2023 | $1.3B | $43.3B | $36.9B | $6.4B | Form 20-F |
| FY2022ended Dec 31, 2022 | $755.6M | $29.9B | $25B | $4.9B | Form 20-F |
| FY2021ended Dec 31, 2021 | -$2.9B | $19.9B | $15.4B | $4.4B | Form 20-F |
| FY2020ended Dec 31, 2020 | $974.5M | $10.2B | $9.7B | $438.1M | Form 20-F |
Keep researching Nubank
Nubank Revenue and Financial FAQ
What was Nu Holdings' revenue and net income in 2025?
Nu reported FY2025 IFRS revenue of $15.77 billion and net income of $2.87 billion, up from $11.52 billion and $1.97 billion in FY2024.
What were Nubank's latest quarterly results?
In Q2 2026, gross revenue was $5.876 billion (+39% year over year), gross profit $2.441 billion and net income $1.061 billion (+49% FX-neutral), with a 33% ROE and 139 million customers.
When did Nubank become profitable?
Nubank reported its first annual net profit in FY2023, $1.03 billion on $8.03 billion of revenue, after net losses in each year from 2019 to 2022.
What is Nu Holdings' market cap?
Nu's market capitalization was about $66.3 billion as of September 18, 2026, according to Macrotrends. Shares fell about 10% on September 28 on Monzo deal reports and rebounded after Nu denied pursuing a deal.
What was Nubank's IPO valuation?
Nu priced its NYSE IPO at $9 per share in December 2021, raising about $2.6 billion at a valuation of roughly $41.5 billion.
What is Nubank's Return on Equity (ROE) and efficiency ratio profile?
Nubank delivers an annualized Return on Equity (ROE) exceeding 28% to 30% in its mature Brazil operations, while maintaining an operating efficiency ratio below 30%—making it one of the most profitable and cost-efficient financial institutions globally.
How does Nubank manage non-performing loans (NPLs) and credit underwriting risk?
Nubank utilizes proprietary machine learning algorithms trained on billions of real-time transactional data points rather than relying solely on traditional credit bureau scores. By testing borrowers with small initial credit limits ($10–$50) and expanding limits dynamically based on repayment behavior, Nubank maintains credit loss provisions well within risk-adjusted pricing margins.
What is the scale of Nubank's consumer deposit franchise?
Nubank has accumulated over $28 billion to $30 billion in retail deposits across Brazil, Mexico, and Colombia. These low-cost, sticky consumer deposits provide abundant liquidity that fully funds Nubank's loan portfolio at an exceptionally favorable cost of funds.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Nubank Revenue & Financials." CorpDigest, https://corpdigest.com/company/nubank/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Nubank reported $15.8B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/nubank/financials" target="_blank" rel="noopener">CorpDigest — Nubank financials</a></div>Related Financial Audits
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