Nu Holdings (NU) Tax Rate (2022 - 2025)
Nu Holdings (NU) reported Tax Rate of -14.17% for Q2 2026, up 13.39 percentage points from -27.56% a year earlier but down 5.49 percentage points from the prior quarter.
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Analysis
Nu Holdings (NU) Tax Rate (2022 - 2025) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Nu Holdings' Tax Rate came in at -17.67%, up 9.67 percentage points year-over-year; for FY2025, it came in at -25.77%, up 3.68 percentage points from FY2024.
- Tax Rate has a five-year change of -14.54 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at -29.45% in FY2024 (+3.60 pp), -33.04% in FY2023 (-51.08 pp), 18.04% in FY2022 (+20.88 pp) and -2.84% in FY2021 (+8.39 pp).
- Five-year quarterly Tax Rate spans a low of -41.82% in Q1 2023 and a high of 57.91% in Q3 2021.
- Year over year, Tax Rate has now increased in each of the last three quarters, with an average year-over-year change of +7.44 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q4 2022 (a gain of 59.33 percentage points); the low point was Q2 2022 (a drop of 111.51 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -8.68% (Q1 2026), -16.97% (Q4 2025) and -29.89% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 881.30 Bn | 881.30 Bn | - | 23.12% |
| 2 | Bank Of America | 354.90 Bn | -2,021.17 Bn | - | 21.54% |
| 3 | Hsbc Holdings | 311.39 Bn | -1,517.77 Bn | - | 60.94% |
| 4 | Morgan Stanley | 282.15 Bn | -226.95 Bn | - | 23.07% |
| 5 | Royal Bank Of Canada | 281.68 Bn | -548.32 Bn | - | 22.26% |
| 6 | Goldman Sachs | 255.22 Bn | -3,301.89 Bn | - | 22.60% |
| 7 | Mitsubishi Ufj Financial | 249.82 Bn | -82.42 Bn | 10.89 Bn | 24.29% |
| 8 | Wells Fargo & Company | 249.49 Bn | 251.62 Bn | - | 17.42% |
| 9 | Toronto Dominion Bank | 210.53 Bn | -465.35 Bn | - | - |
| 10 | Nu Holdings | 73.22 Bn | 17.20 Bn | 2.35 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 168.01% |
| Dec 31, 2024 | 186.51% |
| Dec 31, 2023 | 146.10% |
| Sep 30, 2022 | 53.38% |
API Access
Nu Holdings Tax Rate 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=tax-rate&ticker=NU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=NU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();