Nu Holdings (NU) Net Margin (2021 - 2026)
Nu Holdings (NU) posted Net Margin of 19.29% for Q2 2026, down 22.71% on a QoQ basis from 24.95% in Q1 2026, and down 646.0% year-over-year from 3.53% in Q2 2025.
Analysis
Nu Holdings (NU) Net Margin (2021 - 2026) Analysis & Trends
Nu Holdings has reported Net Margin for 6 years, with the latest figure at 19.29% in Q2 2026.
- On a quarterly basis, Net Margin fell 646.0% year-over-year to 19.29% in Q2 2026; TTM through Jun 2026 was 20.51%, a 157.0% increase from a year earlier, with the FY2025 full-year figure at 22.27%, up 1369.0% from the prior year.
- Net Margin was 19.29% for Q2 2026 at Nu Holdings, down from 24.95% in the prior quarter.
- The five-year high for Net Margin was 27.86% in Q1 2025, with the low at 5.14% in Q1 2022.
- Average Net Margin over 5 years is 11.01%, with a median of 12.12% recorded in 2024.
- The sharpest annual moves came in 2024 and 2025: Net Margin plunged 962 bps in 2024, then surged 2333 bps in 2025.
- Over 5 years, Net Margin stood at 0.03% in 2022, then surged by 270 bps to 0.04% in 2023, then plunged by 2149 bps to 0.88% in 2024, then jumped by 1813 bps to 15.04% in 2025, then grew by 28 bps to 19.29% in 2026.
- The last three Net Margin figures came in at 19.29% (Q2 2026), 24.95% (Q1 2026), and 15.04% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 2,119.43 Bn | 1,530.93 Bn | 30.39 Bn | 27.72% |
| 2 | Morgan Stanley | 330.57 Bn | 170.43 Bn | - | 25.46% |
| 3 | Goldman Sachs | 305.73 Bn | -670.62 Bn | - | 31.46% |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | - |
| 5 | Royal Bank Of Canada | 290.20 Bn | 63.31 Bn | - | 32.48% |
| 6 | Wells Fargo & Company | 272.00 Bn | 68.03 Bn | - | 27.23% |
| 7 | American Express | 217.39 Bn | 168.07 Bn | 17.99 Bn | 15.84% |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn | 11.41% |
| 9 | Toronto Dominion Bank | 207.43 Bn | 46.10 Bn | - | 26.78% |
| 10 | Nu Holdings | 72.61 Bn | 58.93 Bn | 2.35 Bn | 19.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.29% |
| Mar 31, 2026 | 24.95% |
| Dec 31, 2025 | 15.04% |
| Sep 30, 2025 | 22.97% |
| Jun 30, 2025 | 25.75% |
| Mar 31, 2025 | 27.86% |
| Dec 31, 2024 | -0.88% |
| Sep 30, 2024 | 20.76% |
| Jun 30, 2024 | 2.41% |
| Mar 31, 2024 | 12.22% |
| 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 | -2.57% |
| Mar 31, 2022 | -5.14% |
| Dec 31, 2021 | -10.39% |
| Sep 30, 2021 | -7.11% |