Nu Holdings (NU) Operating Expenses (2021 - 2026)
Nu Holdings (NU) recorded Operating Expenses of -$1.11 billion in Q2 2026, compared with -$667.59 million a year earlier.
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Analysis
Nu Holdings (NU) Operating Expenses (2021 - 2026) Analysis & Trends
On a TTM basis, Nu Holdings' Operating Expenses came in at -$3.58 billion as of Jun 30, 2026; for FY2025, it came in at -$2.75 billion.
- Across earlier years, Operating Expenses came in at -$2.46 billion in FY2024, -$1.95 billion in FY2023, -$1.97 billion in FY2022 and -$903.08 million in FY2021.
- The Q2 2026 figure is the lowest quarterly Operating Expenses in data going back to Q1 2021.
- Per Business Quant, the preceding three quarters came in at -$909.54 million (Q1 2026), -$864.98 million (Q4 2025) and -$697.07 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 879.54 Bn | 909.01 Bn | - | 27.32 Bn |
| 2 | Banco Santander Chile | 418.48 Bn | 538.42 Bn | - | -3,218.32 Bn |
| 3 | Bank Of America | 381.92 Bn | -1,994.15 Bn | - | 18.63 Bn |
| 4 | Hsbc Holdings | 341.10 Bn | 341.15 Bn | - | - |
| 5 | Morgan Stanley | 295.71 Bn | -213.38 Bn | - | 13.90 Bn |
| 6 | Royal Bank Of Canada | 275.38 Bn | 126.13 Bn | - | 7.02 Bn |
| 7 | Mitsubishi Ufj Financial | 273.79 Bn | -1,314.70 Bn | 10.89 Bn | 17.50 Bn |
| 8 | Goldman Sachs | 262.78 Bn | -3,294.34 Bn | - | 11.67 Bn |
| 9 | Wells Fargo & Company | 242.61 Bn | 244.75 Bn | - | 13.66 Bn |
| 10 | Nu Holdings | 61.19 Bn | 5.17 Bn | 2.35 Bn | -1.11 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.11 Bn |
| Mar 31, 2026 | -909.54 Mn |
| Dec 31, 2025 | -864.98 Mn |
| Sep 30, 2025 | -697.07 Mn |
| Jun 30, 2025 | -667.59 Mn |
| Mar 31, 2025 | -523.25 Mn |
| Dec 31, 2024 | -595.88 Mn |
| Sep 30, 2024 | -624.84 Mn |
| Jun 30, 2024 | -634.00 Mn |
| Mar 31, 2024 | -602.98 Mn |
| Dec 31, 2023 | -583.28 Mn |
| Sep 30, 2023 | -503.28 Mn |
| Jun 30, 2023 | -458.01 Mn |
| Mar 31, 2023 | -407.25 Mn |
| Dec 31, 2022 | -800.08 Mn |
| Sep 30, 2022 | -421.92 Mn |
| Jun 30, 2022 | -388.15 Mn |
| Mar 31, 2022 | -361.75 Mn |
| Dec 31, 2021 | -315.39 Mn |
| Sep 30, 2021 | -245.71 Mn |
API Access
Nu Holdings Operating Expenses 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=operating-expenses&ticker=NU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=NU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();