Nu Holdings (NU) Tax Rate (2021 - 2025)

Nu Holdings (NU) recorded quarterly Tax Rate of 29.92% in Q1 2025, down 116.04% quarter-over-quarter from 186.51% in Q4 2024, and up 460.0% on a YoY basis from 5.34% in Q1 2024.

Nu Holdings (NU) Tax Rate (2021 - 2025) Analysis & Trends

Nu Holdings' Tax Rate history runs 5 years deep, the most recent figure standing at 29.92% for Q1 2025.

  • In Q1 2025, Tax Rate rose 460.0% year-over-year to 29.92%; the TTM figure through Mar 2025 stood at 26.06% (up 415.0% YoY), while the FY2025 annual figure was 25.77%, down 368.0% from the prior year.
  • Tax Rate was 29.92% for Q1 2025 at Nu Holdings, down from 186.51% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 186.51% in Q4 2024 to a low of 41.82% in Q1 2023.
  • Historically, Tax Rate has averaged 18.08% across 5 years, with a median of 16.05% in 2022.
  • The sharpest annual moves came in 2022 and 2023: Tax Rate slumped 11151 bps in 2022, then jumped 16215 bps in 2023.
  • A 5-year view of Tax Rate shows it stood at 14.2% in 2021, then retreated by 13 bps to 16.05% in 2022, then surged by 1010 bps to 146.1% in 2023, then rose by 28 bps to 186.51% in 2024, then sank by 116 bps to 29.92% in 2025.
  • The last three Tax Rate figures came in at 29.92% (Q1 2025), 186.51% (Q4 2024), and 23.54% (Q3 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Bank Of Chile 97,765.53 Bn 97,765.53 Bn - -22.54%
2 Bank Bradesco 6,846.93 Bn 6,830.99 Bn - -
3 Lloyds Banking 384.13 Bn 384.40 Bn - -23.21%
4 First Capital 215.78 Bn 215.63 Bn - 19.21%
5 Itau Unibanco Holding 202.78 Bn 202.78 Bn - -
6 Landmark Bancorp 180.37 Bn 180.34 Bn - 19.83%
7 NatWest 168.65 Bn -51.67 Bn - -25.87%
8 Shinhan Financial 136.54 Bn 104.11 Bn - 25.76%
9 Mizuho Financial 112.02 Bn 112.56 Bn - -
10 Nu Holdings 58.79 Mn -14.98 Bn 1.94 Bn -

Historic Data

Download Data
DateValue
Mar 31, 2025 -29.92%
Mar 31, 2025 -29.92%
Dec 31, 2024 186.51%
Dec 31, 2024 186.51%
Sep 30, 2024 -23.54%
Sep 30, 2024 -23.54%
Jun 30, 2024 -32.83%
Jun 30, 2024 -32.83%
Mar 31, 2024 -34.52%
Mar 31, 2024 -34.52%
Dec 31, 2023 146.10%
Dec 31, 2023 146.10%
Sep 30, 2023 -26.37%
Sep 30, 2023 -26.37%
Jun 30, 2023 -30.59%
Jun 30, 2023 -30.59%
Mar 31, 2023 -41.82%
Mar 31, 2023 -41.82%
Dec 31, 2022 -16.05%
Dec 31, 2022 -16.05%