Nu Holdings Ltd.
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Range $13 – $19
Price Chart
About the company
Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States. The company provides spending solutions comprising Nu credit and prepaid card, a digitally enabled card that acts as a credit and a prepaid card; Nubank+ Tier, an evolution of the Nu experience; Ultraviolet credit and prepaid card, a premium metal credit card; mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones; and Nu Shopping, an integrated marketplace that enables customers to purchase goods and services from various ecommerce retailers.
- CEO
- David Velez Osorno
- IPO
- 2021
- Employees
- 8,037
- HQ
- São Paulo, SP, BR
AI snapshot
Six angles, distilled from the data.
The stock is still in a recovery regime after spending much of the year below its 200-day average, and it has pushed back above that long-term line. It remains well off the 52-week high of 18.98, so the setup is constructive but not fully repaired.
Street sentiment leans positive, with 12 Buy, 8 Hold, and 2 Sell ratings and a Buy consensus. The average target sits near 14.98, below the live share price, while recent calls have been mixed: Needham initiated at Buy and raised its target to 19, but several firms cut ratings in June.
The earnings trend is soft, with only 1 beat in the last 8 quarters and the latest print missing by 30.0%. Next-year EPS estimates still point higher to 1.0664 from 0.67 TTM, so shareholders should watch whether revenue growth can translate into cleaner quarterly execution.
No notable discretionary insider buying or selling stands out. The recent activity is dominated by award, in-kind, and other non-open-market transactions, with only one clear sale: Anita M. Sands sold 21,000 shares in May.
Profitability remains strong, led by a 41.92% net margin and 48.23% operating margin. Growth is still robust, with revenue up 43.7% year over year and earnings up 55.9%, while free cash flow reached $3.51 billion in 2025.
Nu still screens as a premium digital-bank operator versus traditional regional lenders, supported by 30.06% ROE and a net-cash balance sheet. The valuation is not cheap on near-term earnings, with a 20.19 P/E and a consensus target below the current share price.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $68.89B
- P/E
- 19.24
- Fwd P/E
- 16.47
- PEG
- 0.36
- P/S
- 3.56
- P/B
- 5.22
- EV/EBITDA
- 22.56
- Div Yield
- 0.00%
- Gross Margin
- 44.03%
- Op Margin
- 22.62%
- Net Margin
- 18.61%
- ROE
- 30.26%
- ROIC
- 4.36%
Latest fiscal year · YoY change
- Revenue
- $15.88B+43.0%
- Gross Profit
- $7.12B+39.6%
- Op Income
- $3.87B
- Net Income
- $2.87B+45.5%
- EPS
- $0.59+43.9%
- OCF Growth
- +45.9%
- FCF Growth
- +57.1%
- 52W High
- $18.98
- 52W Low
- $11.20
- 50D MA
- $13.63
- 200D MA
- $15.04
- Beta
- 0.94
- RSI (14)
- 51
- Avg Volume
- 76.78M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Nu Holdings delivered its first quarter above $1 billion in net income, driven by strong customer growth, expanding engagement, and continued credit and deposit momentum.· August 13, 2026
- Net income topped $1 billion for the first time, with Q2 net income at $1.1 billion, up 49% year over year.
- Gross revenues were nearly $5.9 billion, up 39% year over year, and net revenues surpassed $4.1 billion.
- The credit portfolio reached $39.4 billion, deposits hit $45.3 billion, and the company said the loan-to-deposit ratio remained just 35%.
- Risk-adjusted net interest margin expanded to a record 12.4%, helped by growth, seasonality, and lower cost of credit; management said it expects this range to remain sustainable.
- Nu continued to push product segmentation in Brazil, launched Croma for “super core” customers, and secured Mexico banking license approval, while also highlighting broader AI deployment across underwriting, support, and growth.
Q2 2026 net income reached $1.1 billion, up 49% year over year and 17% sequentially. Gross revenues were nearly $5.9 billion, up 39% year over year, gross profit was $2.4 billion, up 43% year over year and 25% sequentially, and net revenues reached $4.1 billion, up 8% sequentially. The credit portfolio was $39.4 billion, up 37% year over year and 5% sequentially; deposits were $45.3 billion, up 18% year over year and 6% sequentially; net interest income was $3.7 billion, up 9%; net interest margin was 22.9%, up 180 basis points; risk-adjusted net interest margin was 12.4%, up from 9.5%; the efficiency ratio was 19.5%; and return on equity was a record 33%. For the full year, management said it still expects the efficiency ratio to average about 20% and said risk-adjusted NIM should remain in the same region as today. They also said Desenrola had about a 5% impact on cost of credit, and that more than 4/5 of that impact was already reflected in Q2.
David Velez framed the quarter as proof that Nubank’s long-term model is working, emphasizing that the company has gone from a credit-first fintech to a full digital bank with 139 million customers. He highlighted deeper monetization in Brazil through higher-income and “super core” segmentation, including the new Croma tier, and said Mexico’s banking license approval unlocks primary banking, payroll, and deposit capabilities. He also spent significant time on AI, saying NuFormer is now a single platform powering underwriting, support, optimization, and growth, and that AI is helping Nubank build toward an “AI private banker.”
Rob Livingston focused on balance sheet strength, credit performance, and operating leverage. He said the credit portfolio reached $39.4 billion, deposits $45.3 billion, the loan-to-deposit ratio was 35%, cost of deposits was 88% of the interbank rate, and allowance increased from $6.1 billion to $6.6 billion, with coverage at 244% of NPL 90-plus. He attributed the 12.4% risk-adjusted NIM to credit growth, a mix shift toward unsecured lending, seasonality, and lower cost of credit, and said the company remains comfortable with portfolio quality while keeping full-year efficiency around 20%.
Analysts focused heavily on the jump in risk-adjusted NIM, whether Desenrola inflated the result, and whether the 12.4% level is a floor. Management said Desenrola was a minority contributor, that the main drivers were seasonality and solid underlying credit performance, and corrected that 12% is not a floor but a ballpark level. Another theme was asset quality and mix: when asked if rising NPLs were coming mainly from unsecured personal loans, Rob said the increase reflected portfolio mix shifts more than deterioration in a single product, while also noting the company is not seeing broad-based consumer credit weakening. Questions about the U.S. showed management expects the credit model to transfer quickly but said it could take 12 to 30 months to build the data richness and confidence needed there.
The call showed strong profitability momentum, with net income above $1 billion, record ROE, and a 12.4% risk-adjusted NIM that management believes is sustainable in the near term. Nubank also pointed to multiple growth levers still open: deeper monetization in Brazil, Croma for an already captive super-core base, expanding SME penetration, Mexico’s banking license, and further AI-driven gains in underwriting and customer operations.
Management acknowledged that credit and NPL trends are being affected by mix shifts and that the business is still seeing some seasonality, especially around delinquency migration. They also said U.S. model-building will take 12 to 30 months and that the company is not planning to spend more than 100 basis points of efficiency ratio on U.S. entry, underscoring execution risk as it expands into new markets. In Brazil, management also noted caution around the macro environment and said they are monitoring for deterioration even though they do not see structural weakness yet.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 74.9%
- Shares Outstanding
- 4.84B
- Float Shares
- 3.63B
of shares held by institutions
966 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for NU, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Rob BresnahanHouse · PA08 | Sell | May 23, 25 | Filing → |
| Byron DonaldsHouse · FL19 | Sell | Apr 10, 25 | Filing → |
| Byron DonaldsHouse · FL19 | Sell | Apr 10, 25 | Filing → |
| Rob BresnahanHouse · PA08 | Buy | Mar 10, 25 | Filing → |
| Tommy TubervilleSenate · AL | Sell | Oct 11, 23 | Filing → |
| Tommy TubervilleSenate · AL | Buy | May 8, 23 | Filing → |
| Tommy TubervilleSenate · AL | Buy | Dec 19, 22 | Filing → |
| Tommy TubervilleSenate · AL | Buy | Nov 1, 22 | Filing → |
| Tommy TubervilleSenate · AL | Buy | Oct 6, 22 | Filing → |
| Tommy TubervilleSenate · AL | Buy | Oct 13, 22 | Filing → |
| Tommy TubervilleSenate · AL | Buy | Oct 11, 22 | Filing → |
| Tommy TubervilleSenate · AL | Buy | Sep 6, 22 | Filing → |
| Tommy TubervilleSenate · AL | Buy | Mar 22, 22 | Filing → |
| Tommy TubervilleSenate · AL | Buy | Mar 21, 22 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 355.01M | ▲ 15.10M |
| Baillie Gifford & Co | 229.93M | ▼ 16.63M |
| Capital Research Global Investors | 142.76M | ▲ 14.30M |
| Morgan Stanley | 117.97M | ▼ 23.66M |
| Jpmorgan Chase & Co | 99.96M | ▲ 8.56M |
| State Street Corp | 96.81M | ▲ 3.78M |
| Fmr LLC | 75.61M | ▲ 2.39M |
| Wcm Investment Management, LLC | 74.45M | ▲ 1.61M |
| Lone Pine Capital LLC | 47.22M | ▲ 9.21M |
| Norges Bank | 46.29M | ▲ 46.29M |
| D1 Capital Partners L.P. | 44.42M | ▲ 18.53M |
| Technology Crossover Management X, Ltd. | 42.57M | 0 |
Held by 718 ETFs
Biggest fund positions in NU by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 14, 26 | Fragelli Henrique Camossa Saldanha | sell | 221,707 |
| Aug 14, 26 | Junqueira Cristina Helena Zingaretti | sell | 50,000 |
| Aug 7, 26 | Marcus David | other | 25,290 |
| Aug 7, 26 | Reses Jacqueline D | other | 27,096 |
| Aug 7, 26 | PIACENTINI DIEGO | other | 23,483 |
| Aug 7, 26 | Sands Anita M | other | 30,709 |
| Aug 7, 26 | LEONE DOUGLAS M | other | 25,290 |
| Aug 7, 26 | Moreno Mejia Luis Alberto | other | 25,290 |
| Aug 7, 26 | Calderon Peres Rogerio Paulo | other | 23,483 |
| Aug 7, 26 | Pham Thuan | other | 23,483 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our NU coverage
Recent articles, reports, and earnings notes.

Nu Holdings (NU): Growth Momentum vs. Credit Risk
Nu Holdings is delivering rapid revenue and earnings growth, but rising delinquencies and a still-developing credit book keep the risk profile elevated. The report supports a Buy case on scale, profitability, and balance sheet strength.

Nu Holdings Ltd. (NU) climbs on Q2 earnings beat
Nu Holdings Ltd. (NU) climbs after reporting strong Q2 2026 results, including record quarterly profit, faster revenue growth, and an earnings beat. The extended-hours move reflects renewed investor confidence in Nu’s digital banking scale, though the stock’s valuation and credit quality still warrant close attention.

What to Watch as Old Glory Bank's SPAC Merger Moves to Close
Old Glory Bank, a digital-first bank serving personal and small-business customers nationwide, is going public through a merger with Digital Asset Acquisition Corp. (DAAQ). The deal is expected to list the combined company on Nasdaq under OGB, with the key question now being whether redemptions and dilution leave enough cash to support growth.
Want a deeper read on NU?
Generate a full analyst-grade report — bull/bear case, price targets, valuation depth, and a complete financial breakdown.
Nu Holdings Stock: Buy or Sell?
fool.com · Aug 19
Nu Holdings Still Has A Massive Growth Runway
seekingalpha.com · Aug 19
One of Wall Street's Best-Known Hedge Funds Just Loaded Up on These 5 Stocks
247wallst.com · Aug 19
Nu Holdings Added Millions of Customers Again Last Quarter. Is the Stock Priced for That Growth?
fool.com · Aug 19
Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
fool.com · Aug 18
Is Nu Holdings' Mexico Business Finally Carrying Its Own Weight?
fool.com · Aug 17
Nu Holdings Banks More Than Half the Adults in Brazil
fool.com · Aug 15
Nu Holdings Jumps 10% to a Five-Month High, StoneCo Drops 6% as Nubank Breaks From the Pack
247wallst.com · Aug 14
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed August 14, 2026 · Live quote · Not investment advice