Nu Holdings Ltd. (NU) Operating Margin (2021 - 2026)
Nu Holdings (NU) posted Operating Margin of 62.61% for Q2 2026, up 2.22 percentage points from 60.39% a year earlier and up 6.77 percentage points from the prior quarter.
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Analysis
Nu Holdings Ltd. (NU) Operating Margin (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Nu Holdings was 59.70%, down 2.49 percentage points year-over-year; for FY2025, it was 59.45%, down 7.50 percentage points from FY2024.
- Annual Operating Margin has declined for six consecutive years, with a five-year change of -41.73 percentage points (FY2020 to FY2025).
- In prior years, Nu Holdings' Operating Margin was 66.95% in FY2024 (-0.84 pp), 67.79% in FY2023 (-8.06 pp), 75.85% in FY2022 (-20.50 pp) and 96.35% in FY2021 (-4.83 pp).
- The Q2 2026 figure stands as the highest quarterly Operating Margin since Q4 2024.
- On a year-over-year basis, Operating Margin increased in two of the last eight quarters, with an average year-over-year change of -4.35 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2022, with a gain of 9.76 percentage points; the weakest was Q1 2022, with a drop of 41.42 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 55.85% (Q1 2026), 59.93% (Q4 2025) and 60.19% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 62.61% |
| Mar 31, 2026 | 55.85% |
| Dec 31, 2025 | -57.57% |
| Sep 30, 2025 | 60.19% |
| Jun 30, 2025 | 60.39% |
| Mar 31, 2025 | 56.74% |
| Dec 31, 2024 | -98.89% |
| Sep 30, 2024 | 67.05% |
| Jun 30, 2024 | 69.98% |
| Mar 31, 2024 | 65.23% |
| Dec 31, 2023 | -90.53% |
| Sep 30, 2023 | 66.37% |
| Jun 30, 2023 | 66.36% |
| Mar 31, 2023 | 65.37% |
| Dec 31, 2022 | -176.86% |
| Sep 30, 2022 | 64.96% |
| Jun 30, 2022 | 64.94% |
| Mar 31, 2022 | 74.76% |
| Dec 31, 2021 | -198.73% |
| Sep 30, 2021 | 97.66% |
API Access
Nu Holdings Ltd. 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();