NYSE : NU
Nu Holdings Ltd. — Financial statements
Financials · Banks - Regional · Brazil
Last price 12.05 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 58.21B
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Financial statements
Nu Holdings Ltd. (NU) reported revenue of 8.44B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 2.73B | 2.34B | 1.89B | 1.59B | 1.24B | 651.28M |
| Other Revenue | 5.71B | 4.65B | 3.63B | 2.12B | 602.40M | 198.76M |
| Revenue | 8.44B | 6.99B | 5.51B | 3.71B | 1.84B | 850.04M |
| Gross Profit | 8.44B | 6.99B | 5.51B | 3.71B | 1.84B | 850.04M |
| Selling, General & Admin | 3.01B | 2.38B | 2.11B | 1.70B | 1.82B | 898.98M |
| Other Operating Expenses | 1.04B | 744.03M | 610.91M | 466.36M | 326.69M | 121.22M |
| Operating Expenses | 4.05B | 3.12B | 2.72B | 2.17B | 2.15B | 1.02B |
| Operating Income | 4.39B | 3.87B | 2.80B | 1.54B | -308.90M | -170.16M |
| Earnings From Equity Investments | -7.23M | -3.69M | ||||
| Pretax Income | 4.38B | 3.87B | 2.80B | 1.54B | -308.90M | -170.16M |
| Income Tax Expense | 774.61M | 996.75M | 823.09M | 508.55M | 55.73M | -4.83M |
| Earnings From Continuing Operations | 3.61B | 2.87B | 1.97B | 1.03B | -364.63M | -165.33M |
| Minority Interest in Earnings | -2.89M | -2.78M | 56.00K | 341.00K | ||
| Net Income | 3.61B | 2.87B | 1.97B | 1.03B | -364.58M | -164.99M |
| Net Income to Common | 3.61B | 2.87B | 1.97B | 1.03B | -364.58M | -164.99M |
| Shares Outstanding (Basic) | 4.85B | 4.83B | 4.79B | 4.74B | 4.68B | 1.60B |
| Shares Outstanding (Diluted) | 4.91B | 4.91B | 4.89B | 4.86B | 4.68B | 1.60B |
| EPS (Basic) | 0.74 | 0.59 | 0.41 | 0.22 | -0.08 | -0.10 |
| EPS (Diluted) | 0.73 | 0.58 | 0.40 | 0.21 | -0.08 | -0.10 |
| Free Cash Flow | -10.32B | -9.37B | -3.52B | -6.42B | -5.54B | -6.94B |
| Free Cash Flow Per Share | -2.10 | -1.91 | -0.72 | -1.32 | -1.19 | -4.33 |
| Operating Margin | 52.02% | 55.39% | 50.70% | 41.52% | -16.79% | -20.02% |
| Profit Margin | 42.73% | 41.04% | 35.77% | 27.80% | -19.82% | -19.41% |
| Free Cash Flow Margin | -122.29% | -134.00% | -63.79% | -173.16% | -301.32% | -816.06% |
| D&A For EBITDA | 117.31M | 97.97M | 77.13M | 62.90M | 35.58M | 17.34M |
| Effective Tax Rate | 17.67% | 25.77% | 29.45% | 33.04% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 10.46B | 11.39B | 6.89B | 5.92B | 4.11B | 1.59B |
| Short-Term Investments | 3.24B | 3.80B | 2.60B | 246.22M | 505.05M | 2.24B |
| Trading Asset Securities | 1.47B | 1.14B | 740.71M | 389.56M | 133.34M | 917.28M |
| Cash & Short-Term Investments | 15.17B | 16.33B | 10.23B | 6.56B | 4.75B | 4.74B |
| Other Receivables | 940.85M | 748.78M | 254.79M | 428.74M | 245.97M | 71.86M |
| Receivables | 940.85M | 748.78M | 254.79M | 428.74M | 245.97M | 71.86M |
| Prepaid Expenses | 174.09M | 92.74M | 31.14M | 81.69M | 61.74M | 15.96M |
| Restricted Cash | 9.15B | 9.54B | 6.74B | 7.45B | 2.78B | 938.66M |
| Other Current Assets | 143.16M | 119.25M | 85.90M | 100.22M | 41.83M | 42.49M |
| Total Current Assets | 25.58B | 26.83B | 17.35B | 14.62B | 7.88B | 5.81B |
| Property, Plant & Equipment | 105.32M | 49.79M | 46.22M | 69.75M | 46.46M | 20.54M |
| Long-Term Investments | 17.53B | 15.06B | 10.27B | 8.64B | 7.57B | 4.86B |
| Goodwill | 409.37M | 409.37M | 414.29M | 397.54M | 397.40M | 401.87M |
| Other Intangible Assets | 747.10M | 601.67M | 347.62M | 295.88M | 182.16M | 72.34M |
| Long-Term Deferred Tax Assets | 3.65B | 2.51B | 1.82B | 1.54B | 811.05M | 360.75M |
| Long-Term Deferred Charges | 365.23M | 329.14M | 218.79M | 230.68M | 157.44M | 76.18M |
| Other Long-Term Assets | 710.60M | 411.24M | 474.27M | 248.40M | 2.45B | 2.23B |
| Total Assets | 82.75B | 74.89B | 49.93B | 43.35B | 29.92B | 19.86B |
| Accounts Payable | 45.33B | 41.93B | 28.86B | 23.69B | 15.81B | 9.67B |
| Accrued Expenses | 431.81M | 350.05M | 265.40M | 265.15M | 95.77M | 97.91M |
| Short-Term Debt | 1.15B | 849.81M | 340.91M | 238.63M | 206.67M | 90.32M |
| Current Portion of Long-Term Debt | 2.83B | 2.53B | 414.29M | 113.59M | 38.33M | 33.59M |
| Current Income Taxes Payable | 931.03M | 1.32B | 1.03B | 1.22B | 511.02M | 241.20M |
| Other Current Liabilities | 15.60B | 13.68B | 9.36B | 9.78B | 7.07B | 4.88B |
| Total Current Liabilities | 66.26B | 60.65B | 40.27B | 35.30B | 23.73B | 15.01B |
| Long-Term Debt | 1.86B | 1.87B | 1.32B | 1.03B | 558.75M | 135.72M |
| Long-Term Leases | 66.43M | 29.20M | 26.20M | 36.94M | 20.35M | 7.62M |
| Long-Term Unearned Revenue | 84.17M | 77.52M | 71.64M | 68.36M | 41.69M | 30.66M |
| Long-Term Deferred Tax Liabilities | 41.12M | 29.33M | ||||
| Other Long-Term Liabilities | 1.23B | 940.97M | 598.04M | 503.55M | 631.20M | 200.33M |
| Total Liabilities | 69.50B | 63.57B | 42.28B | 36.94B | 25.03B | 15.42B |
| Common Stock | 84.00K | 84.00K | 84.00K | 84.00K | 83.00K | 83.00K |
| Additional Paid-In Capital | 4.57B | 5.06B | 5.05B | 4.97B | 4.96B | 4.68B |
| Retained Earnings | 7.08B | 5.15B | 2.28B | 329.47M | -701.06M | -336.48M |
| Comprehensive Income & Other | 1.60B | 1.08B | 312.13M | 1.10B | 627.99M | 98.85M |
| Total Common Equity | 13.25B | 11.29B | 7.65B | 6.41B | 4.89B | 4.44B |
| Minority Interest | 2.05M | 30.61M | 787.00K | 1.51M | ||
| Shareholders' Equity | 13.25B | 11.32B | 7.65B | 6.41B | 4.89B | 4.44B |
| Total Liabilities & Equity | 82.75B | 74.89B | 49.93B | 43.35B | 29.92B | 19.86B |
| Total Debt | 5.90B | 5.28B | 2.10B | 1.42B | 824.10M | 267.25M |
| Net Cash (Debt) | 9.27B | 11.05B | 8.13B | 5.14B | 3.93B | 4.48B |
| Net Cash Per Share | 1.89 | 2.25 | 1.66 | 1.06 | 0.84 | 2.79 |
| Filing Date Shares Outstanding | 4.83B | 4.86B | 4.82B | 4.77B | 4.69B | 4.61B |
| Total Common Shares Outstanding | 4.83B | 4.86B | 4.82B | 4.77B | 4.69B | 4.61B |
| Working Capital | -40.68B | -33.82B | -22.93B | -20.69B | -15.85B | -9.20B |
| Book Value Per Share | 2.74 | 2.33 | 1.59 | 1.34 | 1.04 | 0.96 |
| Tangible Book Value | 12.09B | 10.28B | 6.88B | 5.71B | 4.31B | 3.97B |
| Tangible Book Value Per Share | 2.50 | 2.12 | 1.43 | 1.20 | 0.92 | 0.86 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.61B | 2.87B | 1.97B | 1.03B | -364.58M | -164.99M |
| Depreciation & Amortization | 117.31M | 97.97M | 77.13M | 62.90M | 35.58M | 17.34M |
| Loss (Gain) From Sale of Investments | -154.21M | -50.43M | 47.93M | 15.90M | 18.64M | -19.94M |
| Loss (Gain) on Equity Investments | 7.23M | 3.69M | ||||
| Stock-Based Compensation | 353.83M | 271.85M | 272.38M | 212.55M | 253.20M | 152.72M |
| Other Operating Activities | 7.55B | 6.71B | 3.95B | 2.17B | 1.22B | 302.25M |
| Change in Unearned Revenue | -20.27M | 5.79M | 3.75M | 25.93M | 11.28M | 4.85M |
| Change in Other Net Operating Assets | -27.93B | -23.95B | -13.31B | -13.10B | -8.14B | -3.06B |
| Operating Cash Flow | -10.30B | -9.36B | -3.51B | -6.40B | -5.52B | -6.93B |
| Capital Expenditures | -19.05M | -7.21M | -5.42M | -20.24M | -20.00M | -6.03M |
| Cash Acquisitions | -1.54M | -1.54M | -5.64M | -10.35M | -114.49M | |
| Sale (Purchase) of Intangibles | -269.30M | -333.55M | -169.57M | -156.76M | -94.31M | -22.47M |
| Investment in Securities | -99.36M | -2.50M | -11.21M | |||
| Other Investing Activities | -50.63M | |||||
| Investing Cash Flow | -289.89M | -342.31M | -330.63M | -177.00M | -127.15M | -154.19M |
| Long-Term Debt Issued | 2.82B | 1.31B | 469.50M | 581.14M | 116.35M | |
| Long-Term Debt Repaid | -539.46M | -587.70M | -53.43M | -175.62M | -131.31M | |
| Lease Payments | -10.23M | -6.71M | -7.05M | -6.93M | -5.00M | -4.39M |
| Net Debt Issued (Repaid) | 2.09B | 2.28B | 722.20M | 416.07M | 405.52M | -14.96M |
| Issuance of Common Stock | 9.23M | 6.22M | 5.55M | 9.15M | 252.50M | 3.40B |
| Repurchase of Common Stock | -500.39M | |||||
| Other Financing Activities | 8.92B | 12.86B | 5.91B | 7.66B | 6.27B | 3.95B |
| Financing Cash Flow | 10.52B | 15.15B | 6.64B | 8.09B | 6.93B | 7.34B |
| Foreign Exchange Rate Adjustments | 356.24M | 369.51M | 466.14M | 236.72M | 184.18M | 104.43M |
| Net Cash Flow | 282.59M | 5.82B | 3.26B | 1.75B | 1.47B | 361.89M |
| Free Cash Flow | -10.32B | -9.37B | -3.52B | -6.42B | -5.54B | -6.94B |
| Free Cash Flow Margin | -122.29% | -134.00% | -63.79% | -173.16% | -301.32% | -816.06% |
| Free Cash Flow Per Share | -2.10 | -1.91 | -0.72 | -1.32 | -1.19 | -4.33 |
| Free Cash Flow After Leases | -10.33B | -9.37B | -3.52B | -6.43B | -5.55B | -6.94B |
| Cash Interest Paid | 248.92M | 92.29M | 88.08M | 82.90M | 30.93M | 9.06M |
| Cash Income Tax Paid | 2.11B | 1.64B | 1.26B | 612.45M | 297.09M | 52.31M |
| Change in Working Capital | -27.95B | -23.94B | -13.30B | -12.37B | -8.13B | -7.72B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 56.08B | 81.11B | 49.80B | 39.61B | 19.07B | 43.23B |
| Last Close Price | 11.61 | 16.74 | 10.36 | 8.33 | 4.07 | 9.38 |
| PE Ratio | 15.82 | 28.27 | 25.25 | 38.44 | ||
| Forward PE | 11.89 | 21.18 | 19.75 | 26.47 | 168.18 | |
| PS Ratio | 6.64 | 11.60 | 9.03 | 10.69 | 10.37 | 50.86 |
| PB Ratio | 4.23 | 7.17 | 6.51 | 6.18 | 3.90 | 9.73 |
| P/TBV Ratio | 4.64 | 7.89 | 7.23 | 6.93 | 4.42 | 10.90 |
| PEG Ratio | 0.42 | 0.59 | ||||
| Debt / Equity Ratio | 0.45 | 0.47 | 0.27 | 0.22 | 0.17 | 0.06 |
| Net Debt / Equity Ratio | -0.70 | -0.98 | -1.06 | -0.80 | -0.80 | -1.01 |
| Net Debt / FCF Ratio | 0.90 | 1.18 | 2.31 | 0.80 | 0.71 | 0.65 |
| Return on Equity (ROE) | 31.63% | 30.28% | 28.07% | 18.24% | -7.81% | -6.78% |
| Return on Assets (ROA) | 4.96% | 4.60% | 4.23% | 2.81% | -1.47% | -1.10% |
| Return on Invested Capital (ROIC) | 106.19% | 92.56% | -32.05% | |||
| Earnings Yield | 6.32% | 3.54% | 3.96% | 2.60% | -1.91% | -0.38% |
| FCF Yield | -18.41% | -11.55% | -7.06% | -16.21% | -29.06% | -16.05% |
| Buyback Yield / Dilution | -0.26% | -0.38% | -0.65% | -3.86% | -191.92% | -21.78% |