Nu Holdings Ltd. (NU) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 8, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NU SEC filings page.
Nu Holdings Ltd. (NU) reported $15.8B in revenue for fiscal year 2025, up 37.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Nu has turned rapid balance-sheet expansion into rising profits and cash generation, while leverage is rising alongside growth.
From FY2023 to FY2025, net income and operating cash flow both more than doubled, indicating that reported profitability is converting into cash rather than separating from it. Meanwhile, assets expanded to$74.9B and receivables to$21.8B , showing that growth increasingly requires a larger balance sheet alongside operating earnings.
Profitability became structurally positive: net margin moved from
The funding structure is becoming more leveraged: debt-to-equity rose from 0.2x in FY2024 to 0.4x in FY2025. FY2025 liabilities of
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Nu Holdings Ltd.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Nu Holdings Ltd. earned a return on assets of 3.8% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is down from 4.0% the prior year. Earnings ranks banks on that return over three years, and Nu Holdings Ltd. scores 96/100 among other banks.
Nu Holdings Ltd. reported revenue of $15.8B in fiscal year 2025, against $11.5B in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Nu Holdings Ltd. scores 91/100 among other banks.
Nu Holdings Ltd. funded 15.1% of its assets with shareholders' equity at the end of fiscal year 2025, holding $11.3B of equity against $74.9B of assets. Capital ranks banks on that cushion, and Nu Holdings Ltd. scores 80/100 among other banks.
Not available for Nu Holdings Ltd., and counted as zero in the overall score.
Not available for Nu Holdings Ltd., and counted as zero in the overall score.
Nu Holdings Ltd. reported net income of $2.9B in fiscal year 2025, against $2.0B in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Nu Holdings Ltd. scores 17/100 among other banks.
Nu Holdings Ltd. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Nu Holdings Ltd. generates $1.22 in operating cash flow ($3.5B OCF vs $2.9B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q3 2025.
Cash & Balance Sheet
Nu Holdings Ltd. held $9.2B in cash against $1.7B in long-term debt as of Q3 2025.
Not reported for Q3 2025.
Not reported for Q3 2025.
Margins & Returns
None of these metrics is reported for Q3 2025.
Capital Allocation
None of these metrics is reported for Q3 2025.
NU Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
NU Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-K | Q3'2410-K | Q3'2310-K | Q3'2210-K | Q3'2110-K |
|---|---|---|---|---|---|
| Total Assets | $49.9B+15.2% | $43.3B+44.8% | $29.9B+50.7% | $19.9B+95.6% | $10.2B |
| Cash & Equivalents | $9.2B+55.1% | $5.9B+42.0% | $4.2B+54.2% | $2.7B+15.4% | $2.3B |
| Accounts Receivable | $6.1B-3.1% | $6.3B+48.6% | $4.2B+80.9% | $2.3B+58.7% | $1.5B |
| Goodwill | $414.3M+4.2% | $397.5M0.0% | $397.4M-1.1% | $401.9M+48260.0% | $831K |
| Total Liabilities | $42.3B+14.5% | $36.9B+47.5% | $25.0B+62.5% | $15.4B+58.7% | $9.7B |
| Long-Term Debt | $1.7B+52.3% | $1.1B+94.1% | $585.6M+297.7% | $147.2M+51.1% | $97.5M |
| Total Equity | $7.6B+19.4% | $6.4B+31.0% | $4.9B+10.1% | $4.4B+914.0% | $438.1M |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Long-Term Investments, Current Liabilities, Non-Current Liabilities, Retained Earnings.
NU Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
NU Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Current Ratio, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Nu Holdings Ltd. NU | FY2025 | $15.8B | $2.9B | 18.2% | $64.9B | 47/100 |
| U.S. Bancorp USB | FY2025 | $28.7B | $7.6B | 26.4% | $89.6B | 42/100 |
| PNC Financial Services Group PNC | FY2025 | $23.1B | $7.0B | 30.3% | $88.2B | 48/100 |
Where Nu Holdings Ltd. Ranks
Frequently Asked Questions
What is Nu Holdings Ltd.'s annual revenue?
Nu Holdings Ltd. (NU) reported $15.8B in total revenue for fiscal year 2025. This represents a 37.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Nu Holdings Ltd.'s revenue growing?
Nu Holdings Ltd. (NU) revenue grew by 37.0% year-over-year, from $11.5B to $15.8B in fiscal year 2025.
Is Nu Holdings Ltd. profitable?
Yes, Nu Holdings Ltd. (NU) reported a net income of $2.9B in fiscal year 2025, with a net profit margin of 18.2%.
How much debt does Nu Holdings Ltd. have?
As of fiscal year 2025, Nu Holdings Ltd. (NU) had $15.0B in cash and equivalents against $4.4B in long-term debt.
What is Nu Holdings Ltd.'s net profit margin?
Nu Holdings Ltd. (NU) had a net profit margin of 18.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Nu Holdings Ltd.'s return on equity (ROE)?
Nu Holdings Ltd. (NU) has a return on equity of 25.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Nu Holdings Ltd.'s operating cash flow?
Nu Holdings Ltd. (NU) generated $3.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Nu Holdings Ltd.'s total assets?
Nu Holdings Ltd. (NU) had $74.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Nu Holdings Ltd.'s debt-to-equity ratio?
Nu Holdings Ltd. (NU) had a debt-to-equity ratio of 0.39 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nu Holdings Ltd.'s return on assets (ROA)?
Nu Holdings Ltd. (NU) had a return on assets of 3.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Nu Holdings Ltd.'s P/E ratio?
Nu Holdings Ltd. (NU) trades at 22.6x earnings, its market capitalization divided by net income of $2.9B net income, FY2025. The market capitalization is $64.9B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Nu Holdings Ltd.'s price-to-sales ratio?
Nu Holdings Ltd. (NU) trades at 4.1x sales, its market capitalization divided by revenue of $15.8B revenue, FY2025. The market capitalization is $64.9B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Nu Holdings Ltd.'s Piotroski F-Score?
Nu Holdings Ltd. (NU) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Nu Holdings Ltd.'s earnings high quality?
Nu Holdings Ltd. (NU) has an earnings quality ratio of 1.22x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Nu Holdings Ltd.?
Nu Holdings Ltd. (NU) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.