Nu Holdings (NU) Net Margin (2021 - 2025)
Nu Holdings' (NU) quarterly Net Margin came in at 19.04% in Q4 2025, up 56.0% year-on-year from 12.21% in Q4 2024, and up 1.56% quarter-over-quarter from 18.75% 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 19.04% for Q4 2025.
- On a quarterly basis, Net Margin rose 56.0% year-over-year to 19.04% in Q4 2025; TTM through Dec 2025 was 18.19%, a 106.0% increase from a year earlier, with the FY2025 full-year figure at 18.19%, up 106.0% from the prior year.
- Net Margin rose to 19.04% in Q4 2025 per NU's latest filing, from 18.75% in the prior quarter.
- Across five years, Net Margin topped out at 19.04% in Q4 2025 and bottomed at 20.19% in Q1 2021.
- The 5-year median for Net Margin is 10.4% (2023), against an average of 6.31%.
- Across the five-year window, Net Margin jumped 1844 bps in 2024 and declined 5 bps in 2025, its largest moves.
- Year by year, Net Margin stood at 10.39% in 2021, then surged by 100 bps to 0.03% in 2022, then jumped by 270 bps to 0.04% in 2023, then jumped by 43043 bps to 18.49% in 2024, then rose by 3 bps to 19.04% in 2025.
- Per Business Quant, the three latest NU Net Margin figures stand at 19.04% (Q4 2025), 18.75% (Q3 2025), and 17.36% (Q2 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 42,090.38 Bn | 42,090.38 Bn | -786,828.77 | 258,422.08% |
| 2 | Shinhan Financial | 33,919.15 Bn | 33,919.15 Bn | - | 853.96% |
| 3 | Bank Of Chile | 4,123.52 Bn | 4,123.52 Bn | 167,623.00 | 0.00% |
| 4 | Lloyds Banking | 360.83 Bn | 360.83 Bn | - | 27.26% |
| 5 | First Capital | 204.17 Bn | 203.82 Bn | - | 251.63% |
| 6 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 28.90% |
| 7 | NatWest | 144.82 Bn | -51.17 Bn | - | 32.86% |
| 8 | Pnc Financial Services | 101.80 Bn | 101.80 Bn | - | 27.35% |
| 9 | Us Bancorp | 99.51 Bn | 99.51 Bn | - | 31.10% |
| 10 | Nu Holdings | 68.07 Bn | 52.92 Bn | 1.94 Bn | 19.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 19.04% |
| Sep 30, 2025 | 18.75% |
| Jun 30, 2025 | 17.36% |
| Mar 31, 2025 | 17.16% |
| Dec 31, 2024 | 18.49% |
| Sep 30, 2024 | 18.80% |
| 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 | -2.57% |
| 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% |