Nu Holdings (NU) Operating Expenses (2021 - 2025)

Nu Holdings has reported Operating Expenses for 5 years, with the latest figure at -$440.1 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses fell 110.19% year-over-year to -$440.1 million; the trailing twelve-month figure through Dec 2025 stood at -$1.7 billion (down 167.29% YoY), and the FY2025 full-year result was $2.8 billion, up 12.01% from the prior year.
• Operating Expenses for Q4 2025 stood at -$440.1 million, down from -$349.3 million in the prior quarter.
• The five-year high for Operating Expenses was $4.3 billion in Q4 2024, with the low at -$634.0 million in Q2 2024.
• Average Operating Expenses over 5 years is $281.5 million, with a median of -$374.9 million recorded in 2022.
• Peak annual rise in Operating Expenses reached 110.88% in 2022, while the deepest fall reached 124.44% in 2022.
• Tracing NU's Operating Expenses over 5 years: stood at $1.5 billion in 2021, then jumped by 110.88% to $3.1 billion in 2022, then rose by 5.62% to $3.3 billion in 2023, then soared by 30.09% to $4.3 billion in 2024, then slumped by 110.19% to -$440.1 million in 2025.
• The last three Operating Expenses figures came in at -$440.1 million (Q4 2025), -$349.3 million (Q3 2025), and -$341.3 million (Q2 2025), per Business Quant data.

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