Nu Holdings (NU) Net Margin (2021 - 2025)
Nu Holdings (NU) posted quarterly Net Margin of 1.3% for Q4 2025, down 1718.0% year-over-year from 0.08% in Q4 2024, and down 94.33% quarter-over-quarter from 22.97% in Q3 2025.
Nu Holdings (NU) Net Margin (2021 - 2025) Analysis & Trends
Nu Holdings' Net Margin history runs 5 years deep, the most recent figure standing at 1.3% for Q4 2025.
- In Q4 2025, Net Margin fell 1718.0% year-over-year to 1.3%; the TTM figure through Dec 2025 stood at 18.19% (up 56.0% YoY), while the FY2025 annual figure was 22.27%, up 514.0% from the prior year.
- Net Margin for Q4 2025 stood at 1.3%, down from 22.97% in the prior quarter.
- The five-year high for Net Margin was 27.86% in Q1 2025, with the low at 20.19% in Q1 2021.
- The 5-year median for Net Margin is 5.03% (2023), against an average of 6.37%.
- The sharpest annual moves came in 2023 and 2025: Net Margin jumped 2097 bps in 2023, then plunged 1718 bps in 2025.
- Nu Holdings' Net Margin stood at 10.39% in 2021, then jumped by 100 bps to 0.03% in 2022, then soared by 270 bps to 0.04% in 2023, then soared by 43043 bps to 18.49% in 2024, then sank by 93 bps to 1.3% in 2025.
- Business Quant data shows NU's Net Margin at 1.3% in Q4 2025, 22.97% in Q3 2025, and 25.75% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 28.41% |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 27.30% |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | 38.78% |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | 25.60% |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | 25.60% |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 28.85% |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 23.30% |
| 10 | Itau Unibanco Holding | 40.31 Bn | 42.00 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.30% |
| Sep 30, 2025 | 22.97% |
| Jun 30, 2025 | 25.75% |
| Mar 31, 2025 | 27.86% |
| Dec 31, 2024 | 18.49% |
| Sep 30, 2024 | 20.76% |
| Jun 30, 2024 | 17.11% |
| Mar 31, 2024 | 13.85% |
| Dec 31, 2023 | 0.04% |
| Sep 30, 2023 | 14.18% |
| Jun 30, 2023 | 12.03% |
| Mar 31, 2023 | 8.76% |
| Dec 31, 2022 | -0.03% |
| Sep 30, 2022 | 0.60% |
| Jun 30, 2022 | -8.94% |
| Mar 31, 2022 | -5.14% |
| Dec 31, 2021 | -10.39% |
| Sep 30, 2021 | -7.11% |
| Jun 30, 2021 | -4.53% |
| Mar 31, 2021 | -20.19% |