Live: Nu Holdings (NU) Shares Jump 8% After Earnings
Live Updates
Confernce Call at 6 p.m. ET
NU Holdings’ conference call is scheduled for 6 p.m.
We’ll post updates and a summary. If you want to receive that we highly encourage you to leave this page open as new updates will automatically post later.
As of 5:35 p.m. ET, shares are up 8.3% after hours.
Important Metrics for Nu Holdings
Here’s some important slides from Nu Holdings investor presenation:
- Crypto customers are up 41% year-over-year
- Active credit card customers up 11%
- Mexico continues to see strong growth with customers surging from 7.8 million last year to 12 million in Q2 2025.
Nu Holdings Now Up 7% in After Hours
While results were largely inline, investors are very pleased with Nu Holdings prior quarter. Shares are up 7% after hours.
More Details on Earnings
NU | Nu Holdings Ltd. Q2’25 Earnings Highlights:
- GAAP EPS: $0.13 [✅]
- Revenue: $3.7B [✅]; [UP] +40% YoY
- Adj. Gross Margin: 42.2% [✅]; [UP] +160 bps YoY
- Net Income: $637M [✅]; [UP] +42% YoY
- Adjusted Net Income: $694.5M [✅]; [UP] +42% YoY
- Net Interest Income: $2.1B [✅]; [UP] +33% YoY
- Deposits: $36.6B [✅]; [UP] +41% YoY
- Active Customers: 122.7M [✅]; [UP] +17% YoY
Outlook:
-
- Expect continued growth driven by customer engagement and expansion into new markets.
- Investment in technology and customer service to maintain high activity rates.
Other Key Q2 Metrics:
- Adj. Operating Income: $1.2B [✅]; [UP] +30% YoY
- Adj. Operating Expenses: $1.5B [✅]; [UP] +20% YoY
- Free Cash Flow: $500M; [UP] +25% YoY
- Effective Tax Rate: 25% (vs. 22% YoY)
- Monthly Average Revenue per Active Customer (ARPAC): $12.2 [✅]; [UP] +18% YoY
- Monthly Average Cost to Serve Per Active Customer: $0.80 [➖]; stable YoY
- 15 to 90-day NPL Ratio: 4.4% [✅]; [DOWN] -30 bps QoQ
- 90+ NPL Ratio: 6.6% [✅]; [UP] +10 bps QoQ
CEO Commentary:
- David Vélez: “These results prove that it’s possible to scale efficiently, with discipline, and still generate strong earnings while building the foundation for the long-term.”
Results for Last Quarter Largely In Line
GAAP EPS of $.13 matches Wall Street consensus while revenue of $3.67 billion is once again largely in line.
Earnings Are Finally Out!
And shares are immediately spiking up 5%. We’ll post more analysis shortly.
It's After 5 p.m. ET
And that means Nu Holdings earnings could hit any minute. Stay tuned, new updates will post automatically on this live blog the moment earnings hit newswires!
Still No Earnings
Conference calls have started for other comapnies that reported tonight, but there’s still no earnings from Nu Holdings.
Don’t say we didn’t warn anyone! In our post above we posted these earnings would likely be after 5 p.m.
The moment earnings hit we’ll update this live blog with news and analysis.
Still No Earnings
Nu Holdings earnings still aren’t out. If you see a price reaction after hours – you can safely ignore it. We will update this post when earnings are released.
NU Shares Falling in Late Trading
Shares of Nu Holdings have been dropping throughout the afternoon. They’re now down about 3.2% as of 3:54 p.m. ET.
As a reminder, we expect Nu’s earnings to take a bit after the bell. However, whenever they cross news wires we’ll begin updating this live blog with news and analysis. So don’t leave this page as we’ll have you covered right after the company reports.
Wall Street Targets
Consensus Rating:
- 18 Strong Buy
- 6 Buy
- 6 Hold
- Rating: Strong Buy
Price Targets:
- High: $19.00
- Low: $9.00
- Average: $14.81
- Current Price: $12.31
- Implied Upside: +20.3%
Nu Holdings (NYSE: NU | NU Price Prediction) reports Q2 earnings after the close. Shares have been relatively flat year to date, with investors focused on the monetization curve of its 119M customer base.
We’ll be updating this live blog with news and analysis right after Nu Holdings’ earnings hit the newswires. To receive updates, all you have to do is leave this page open, and updates will post automatically.
Estimates Snapshot
Q2 FY2025 Consensus Estimates:
- Revenue: $3.67 billion
- EPS (Normalized): $0.14
- EPS (GAAP): $.13
Full-Year FY2025 Estimates:
- Revenue: $14.79 billion
- EPS: $0.59
These figures imply 28.8% YoY revenue growth and 28% EPS growth compared to FY2024’s revenue of $11.52B and EPS of $0.46.
Key Areas to Watch
- Credit Growth and Portfolio Composition
Total originations hit record levels last quarter, with 64% YoY growth in loan volume. Management emphasized traction in unsecured and public payroll loans — with secured loan balances up 300% YoY. - Mexico Banking License and Deposit Scale-Up
Mexico revenue nearly doubled YoY to $245M, and Nu was granted a full banking license last quarter. Investors will look for commentary on new product rollouts and the pace of deposit base expansion. - Operating Leverage and Cost Per Customer
NU continues to maintain below $1 cost per customer while ARPAC grows across cohorts. Operating leverage in Brazil remains a core part of the long-term bull case. - NIM and Risk-Adjusted Margins
While consolidated NIM fell to 17.5%, Brazil margins held steady. Credit loss allowances pressured Q1 risk-adjusted NIMs (down 130 bps), but this was largely attributed to seasonality and deposit investment in new markets. - FGTS and Private Payroll Lending Expansion
Co-founder Lago highlighted Nu’s leading share in Brazil’s FGTS market (20–30% of total originations) and its aggressive push into private payroll loans — a new vertical that could materially expand secured lending volumes going forward.
Joel South covers large-cap stocks, dividend investing, and major market trends, with a focus on earnings analysis, valuation, and turning complex data into actionable insights for investors.
He brings more than 15 years of experience as an investor and financial journalist, including 12 years at The Motley Fool, where he served as an investment analyst, Bureau Chief, and later led the Fool.com investing news desk. He has also co-hosted an investing podcast and appeared across TV and radio discussing market trends.
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