Nu Holdings (NU) Gross Margin (2021 - 2025)
Nu Holdings' quarterly Gross Margin came in at 41.47% in Q4 2025, down 414.0% year-on-year from 13.21% in Q4 2024, and down 4.64% quarter-over-quarter from 43.49% in Q3 2025.
Nu Holdings has reported Gross Margin for 5 years, with the latest figure at 41.47% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin fell 414.0% year-over-year to 41.47%; the trailing twelve-month figure through Dec 2025 stood at 42.0% (down 361.0% YoY), and the FY2025 full-year result was 42.0%, down 361.0% from the prior year.
- Gross Margin for Q4 2025 stood at 41.47%, down from 43.49% in the prior quarter.
- The five-year high for Gross Margin was 49.51% in Q2 2021, with the low at 31.41% in Q2 2022.
- Average Gross Margin over 5 years is 41.95%, with a median of 42.51% recorded in 2023.
- Year-over-year, Gross Margin sank 1811 bps in 2022 and surged 1044 bps in 2023.
- Tracing NU's Gross Margin over 5 years: stood at 35.68% in 2021, then increased by 12 bps to 39.87% in 2022, then increased by 19 bps to 47.54% in 2023, then slipped by 4 bps to 45.61% in 2024, then fell by 9 bps to 41.47% in 2025.
- The last three Gross Margin figures came in at 41.47% (Q4 2025), 43.49% (Q3 2025), and 42.2% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | - |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | - |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | - |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | - |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | - |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | - |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | - |
| 10 | Nu Holdings | 61.52 Mn | -14.98 Bn | 1.94 Bn | 41.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 41.47% |
| Sep 30, 2025 | 43.49% |
| Jun 30, 2025 | 42.20% |
| Mar 31, 2025 | 40.63% |
| Dec 31, 2024 | 45.61% |
| Sep 30, 2024 | 45.82% |
| Jun 30, 2024 | 47.72% |
| Mar 31, 2024 | 43.19% |
| Dec 31, 2023 | 47.54% |
| Sep 30, 2023 | 42.81% |
| Jun 30, 2023 | 41.85% |
| Mar 31, 2023 | 40.21% |
| Dec 31, 2022 | 39.87% |
| Sep 30, 2022 | 32.68% |
| Jun 30, 2022 | 31.41% |
| Mar 31, 2022 | 33.52% |
| Dec 31, 2021 | 35.68% |
| Sep 30, 2021 | 46.57% |
| Jun 30, 2021 | 49.51% |
| Mar 31, 2021 | 47.20% |