Nu Holdings Ltd. (NU) Gross Margin (2021 - 2026)
Nu Holdings (NU) recorded Gross Margin of 42.56% in Q2 2026, up 0.37 percentage points from 42.20% a year earlier and up 5.02 percentage points from the prior quarter.
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Analysis
Nu Holdings Ltd. (NU) Gross Margin (2021 - 2026) Analysis & Trends
On a TTM basis, Nu Holdings' Gross Margin came in at 41.21% as of Jun 30, 2026, down 2.22 percentage points year-over-year; for FY2025, it came in at 42.00%, down 3.61 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -2.35 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 45.61% in FY2024 (+2.13 pp), 43.48% in FY2023 (+8.78 pp), 34.70% in FY2022 (-8.46 pp) and 43.16% in FY2021 (-1.19 pp).
- Quarterly Gross Margin has ranged from 31.41% in Q2 2022 to 47.72% in Q2 2024 over the past five years.
- On a year-over-year basis, Gross Margin rose in two of the last eight quarters, with an average year-over-year change of -2.03 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 10.44 percentage points in Q2 2023, against a drop of 18.11 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 37.54% (Q1 2026), 41.47% (Q4 2025) and 43.49% (Q3 2025).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.56% |
| Mar 31, 2026 | 37.54% |
| 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% |
API Access
Nu Holdings Ltd. Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=NU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "NU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=NU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();