Nu Holdings Reports $3.7B Quarterly Revenue, Expands Latin American Presence with 4.1M New Customers

Nu Holdings reported Q2 2025 revenue of $3.7B, with its customer base expanding to 123 million and 4.1 million net additions. CEO David Velez-Osomo emphasized strong growth, particularly in Mexico, where the company surpassed 12 million customers. Nu Holdings also made major leadership hires, further accelerating growth across Latin America.

Nu Holdings Ltd, a leading digital bank in Latin America, reported its second-quarter 2025 earnings on August 14, showcasing significant financial growth. The company achieved revenues of $3.7 billion, surpassing the forecasted $3.16 billion, and reported a net income of $637 million. Despite these positive results, Nu Holdings’ stock experienced a decline of 2.95% in after-hours trading, closing at $12.28 per share, which is below its 52-week high of $16.15 [1].

Key Takeaways
Nu Holdings reported a robust 85% annualized revenue growth since 2021. Net income nearly tripled over two years, reaching $637 million. The company’s credit portfolio saw a 40% year-over-year increase. Stock price fell by 2.95% in after-hours trading despite strong earnings. Expansion plans include increasing revenues per active customer. The company’s gross profit rose 78% annually, reaching $1.5 billion, while its efficiency ratio improved to 28.3% [1].

Market Reaction
Despite the impressive earnings results, Nu Holdings’ stock price declined by 2.95% in after-hours trading, closing at $12.28. The stock remains within a volatile range, with a 52-week high of $16.15 and a low of $9.01. While currently trading at a P/E ratio of 30.67, InvestingPro analysis suggests this is relatively low compared to the company’s near-term earnings growth potential. Analyst price targets range from $9 to $19, indicating mixed views on the stock’s potential. The market’s reaction may reflect broader concerns or profit-taking after recent gains [1].

Outlook & Guidance
Nu Holdings is focused on expanding its credit products and exploring AI-enabled credit modeling. The company aims to increase revenues per active customer from $12 to between $20 and $30. Future revenue forecasts for FY2025 and FY2026 are set at $6.92 billion and $8.54 billion, respectively, indicating continued growth expectations. InvestingPro’s Financial Health Score rates Nu Holdings as "GOOD" with a score of 2.65, suggesting strong operational fundamentals to support these growth initiatives [1].

Executive Commentary
David Valles, CEO, highlighted the vast potential in financial services, stating, "Financial services is still the largest market in the world that hasn’t really been disrupted by technology." He emphasized the company’s readiness for international competition, saying, "We are preparing to play in the world leagues." Guillermo Lago, CFO, noted improvements in data collection and modeling [1].

Risks and Challenges
Market volatility affecting stock performance. Potential regulatory changes in key markets. Competition from other digital banking platforms. Economic instability in Latin American markets. Execution risks in international expansion plans [1].

References:
[1] https://www.investing.com/news/transcripts/earnings-call-transcript-nu-holdings-q2-2025-sees-strong-revenue-growth-93CH-4194325