Nu Holdings (NU) Operating Margin (2021 - 2026)
Nu Holdings (NU) posted Operating Margin of 22.51% for Q2 2026, down 1.49 percentage points from 24.00% a year earlier but up 3.28 percentage points from the prior quarter.
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Analysis
Nu Holdings (NU) Operating Margin (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Nu Holdings was 22.71%, down 1.95 percentage points year-over-year; for FY2025, it was 24.55%, up 0.28 percentage points from FY2024.
- Annual Operating Margin has increased for five consecutive years, with a five-year change of +37.03 percentage points (FY2020 to FY2025).
- In prior years, Nu Holdings' Operating Margin was 24.27% in FY2024 (+5.10 pp), 19.17% in FY2023 (+25.61 pp), -6.45% in FY2022 (+3.58 pp) and -10.02% in FY2021 (+2.46 pp).
- Quarterly Operating Margin has run from a low of -15.29% in Q4 2022 to a high of 26.78% in Q3 2025 over five years.
- On a year-over-year basis, Operating Margin has declined in each of the last three quarters, with an average year-over-year change of +0.30 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2023, with a gain of 38.57 percentage points; the weakest was Q1 2026, with a drop of 5.29 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 19.23% (Q1 2026), 23.01% (Q4 2025) and 26.78% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | - |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | - |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | 48.15% |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | - |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | - |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | - |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | - |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | 51.45% |
| 10 | Nu Holdings | 58.38 Bn | 2.37 Bn | 2.35 Bn | 22.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.51% |
| Mar 31, 2026 | 19.23% |
| Dec 31, 2025 | 23.01% |
| Sep 30, 2025 | 26.78% |
| Jun 30, 2025 | 24.00% |
| Mar 31, 2025 | 24.52% |
| Dec 31, 2024 | 25.67% |
| Sep 30, 2024 | 24.59% |
| Jun 30, 2024 | 25.47% |
| Mar 31, 2024 | 21.15% |
| Dec 31, 2023 | 23.28% |
| Sep 30, 2023 | 19.26% |
| Jun 30, 2023 | 17.34% |
| Mar 31, 2023 | 15.05% |
| Dec 31, 2022 | -15.29% |
| Sep 30, 2022 | 0.39% |
| Jun 30, 2022 | -2.13% |
| Mar 31, 2022 | -7.71% |
| Dec 31, 2021 | -13.92% |
| Sep 30, 2021 | -4.52% |
API Access
Nu Holdings Operating 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=operating-margin&ticker=NU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=NU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();