Nubank's Q2 Revenue Climbs 40%, Net Profit Jumps 42% as Shares Surge 8.3%

Nubank reported a 42% YoY increase in net profit to $637 million and a 40% rise in revenue to $3.7 billion in Q2 2025. The company's customer base grew to 123 million users, and its loan book increased by 8% to $27.3 billion. Nubank is shifting its growth strategy from rapid customer acquisition to deepening relationships with existing customers and enhancing product adoption. Shares surged 8.3% after the earnings release.

Nubank, one of the largest digital financial services platforms globally, released its Second Quarter 2025 financial results, showcasing robust growth and profitability. The company reported a 42% year-over-year (YoY) increase in net profit to $637 million, and a 40% rise in revenue to $3.7 billion [1]. These impressive figures come amidst the company's strategic shift from rapid customer acquisition to deepening relationships with existing customers and enhancing product adoption.

Key highlights of the Q2 2025 performance include:

- Customer Growth: Nubank added 4.1 million new customers, bringing its total customer base to 122.7 million globally, an increase of 17% YoY [1].
- Revenue and Profitability: The company's gross profit totaled $1.55 billion, up 14% sequentially and 24% YoY, while the net interest margin (NIM) rose to 17.7% [1].
- Loan Book Expansion: The total receivables across Nu’s credit card and loan portfolios expanded 40% YoY to $27.3 billion [1].
- International Expansion: Nubank's customer base in Mexico reached 12 million, and in Colombia, it reached 3.4 million, with deposits growing significantly in both countries [1].
- Share Performance: Following the earnings release, Nubank's shares surged by 8.3% [1].

David Vélez, founder and CEO of Nubank, commented, "In Q2’25, we achieved another quarter of robust growth, expanding our customer base to nearly 123 million with over 4.1 million net additions, and maintaining an activity rate above 83%. This strong engagement drove revenues to $3.7 billion, representing an 85% annualized growth rate since 2021, and allowed us to nearly triple our quarterly net income to $637 million in the past two years" [1].

Nubank's strategic pivot towards enhancing customer relationships and product adoption reflects a commitment to sustainable growth and long-term value creation. The company's ability to maintain strong financial performance while investing in growth and customer satisfaction is a testament to its operational efficiency and strategic foresight.

References:
[1] https://international.nubank.com.br/company/nu-holdings-ltd-reports-second-quarter-2025-financial-results/