Nu Holdings (NU) Net Margin (2021 - 2025)

Nu Holdings' Net Margin history runs 5 years deep, the most recent figure standing at 19.04% for Q4 2025.

• In Q4 2025, Net Margin rose 56.0% year-over-year to 19.04%; the TTM figure through Dec 2025 stood at 18.19% (up 106.0% YoY), while the FY2025 annual figure was 18.19%, up 106.0% from the prior year.
• Net Margin was 19.04% for Q4 2025 at Nu Holdings, up from 18.75% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 19.04% in Q4 2025 to a low of 20.52% in Q4 2022.
• Historically, Net Margin has averaged 6.03% across 5 years, with a median of 12.94% in 2024.
• The sharpest annual moves came in 2022 and 2023: Net Margin sank 1013 bps in 2022, then soared 3552 bps in 2023.
• A 5-year view of Net Margin shows it stood at 10.39% in 2021, then slumped by 97 bps to 20.52% in 2022, then soared by 173 bps to 15.01% in 2023, then rose by 23 bps to 18.49% in 2024, then rose by 3 bps to 19.04% in 2025.
• The last three Net Margin figures came in at 19.04% (Q4 2025), 18.75% (Q3 2025), and 17.36% (Q2 2025), per Business Quant data.