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

Nu Holdings has reported Operating Margin for 5 years, with the latest figure at 50.86% in Q4 2025.

• For the quarter ending Q4 2025, Operating Margin rose 14975.0% year-over-year to 50.86%; the trailing twelve-month figure through Dec 2025 stood at 52.48% (up 2821.0% YoY), and the FY2025 full-year result was 24.55%, up 28.0% from the prior year.
• Operating Margin for Q4 2025 stood at 50.86%, down from 51.86% in the prior quarter.
• The five-year high for Operating Margin was 116.18% in Q1 2021, with the low at 198.73% in Q4 2021.
• Average Operating Margin over 5 years is 28.29%, with a median of 65.09% recorded in 2024.
• Year-over-year, Operating Margin sank 4142 bps in 2022 and surged 14975 bps in 2025.
• Tracing NU's Operating Margin over 5 years: stood at 198.73% in 2021, then climbed by 11 bps to 176.86% in 2022, then surged by 49 bps to 90.53% in 2023, then slipped by 9 bps to 98.89% in 2024, then surged by 151 bps to 50.86% in 2025.
• The last three Operating Margin figures came in at 50.86% (Q4 2025), 51.86% (Q3 2025), and 51.5% (Q2 2025), per Business Quant data.

Peer Comparison