Nu Holdings (NU) Net Margin (2021 - 2026)
Nu Holdings (NU) recorded Net Margin of 19.23% in Q2 2026, up 1.87 percentage points from 17.36% a year earlier and up 1.68 percentage points from the prior quarter.
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Analysis
Nu Holdings (NU) Net Margin (2021 - 2026) Analysis & Trends
On a TTM basis, Nu Holdings' Net Margin came in at 18.65% as of Jun 30, 2026, up 0.75 percentage points year-over-year; for FY2025, it was 18.19%, up 1.06 percentage points from FY2024.
- Annual Net Margin has increased for five straight years, with a five-year change of +41.45 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 17.12% in FY2024 (+4.29 pp), 12.84% in FY2023 (+20.44 pp), -7.61% in FY2022 (+2.11 pp) and -9.72% in FY2021 (+13.55 pp).
- The Q2 2026 figure is the highest quarterly Net Margin in data going back to Q1 2021.
- On a year-over-year basis, Net Margin has increased for three consecutive quarters, with an average year-over-year change of +1.81 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 40.14 percentage points in Q4 2023, against a drop of 14.74 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 17.55% (Q1 2026), 19.04% (Q4 2025) and 18.75% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 29.77% |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 21.83% |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | 38.08% |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 23.36% |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 32.48% |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 27.42% |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 26.08% |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | 246.71% |
| 10 | Nu Holdings | 58.38 Bn | 2.37 Bn | 2.35 Bn | 19.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.23% |
| Mar 31, 2026 | 17.55% |
| 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 | 15.01% |
| Sep 30, 2023 | 14.18% |
| Jun 30, 2023 | 12.03% |
| Mar 31, 2023 | 8.76% |
| Dec 31, 2022 | -25.13% |
| 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% |
API Access
Nu Holdings Net 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=net-margin&ticker=NU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=NU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();