Reported Earnings • May 17
First quarter 2026 earnings released: EPS: US$0.18 (vs US$0.12 in 1Q 2025) First quarter 2026 results: EPS: US$0.18 (up from US$0.12 in 1Q 2025). Revenue: US$1.98b (up 44% from 1Q 2025). Net income: US$872.1m (up 56% from 1Q 2025). Profit margin: 44% (up from 40% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in South America. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: US$0.59 (vs US$0.41 in FY 2024) Full year 2025 results: EPS: US$0.59 (up from US$0.41 in FY 2024). Revenue: US$6.99b (up 27% from FY 2024). Net income: US$2.87b (up 46% from FY 2024). Profit margin: 41% (up from 36% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Banks industry in South America. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mexican stocks, typically moving 4.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: US$0.16 (vs US$0.12 in 3Q 2024) Third quarter 2025 results: EPS: US$0.16 (up from US$0.12 in 3Q 2024). Revenue: US$1.92b (up 36% from 3Q 2024). Net income: US$782.5m (up 41% from 3Q 2024). Profit margin: 41% (up from 39% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in South America. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Announcement • Sep 25
Nu Holdings Ltd. to Report Q3, 2025 Results on Nov 13, 2025 Nu Holdings Ltd. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 13, 2025 Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: US$0.13 (vs US$0.10 in 2Q 2024) Second quarter 2025 results: EPS: US$0.13 (up from US$0.10 in 2Q 2024). Revenue: US$1.63b (up 14% from 2Q 2024). Net income: US$636.8m (up 31% from 2Q 2024). Profit margin: 39% (up from 34% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in South America. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
Nu Holdings Ltd., Annual General Meeting, Sep 08, 2025 Nu Holdings Ltd., Annual General Meeting, Sep 08, 2025. Location: rua capote valente, 39 pinheriros, sao paulo-sp, 05409-000, sao paulo Brazil New Risk • Aug 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Mexican stocks, typically moving 5.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: US$0.12 (vs US$0.079 in 1Q 2024) First quarter 2025 results: EPS: US$0.12 (up from US$0.079 in 1Q 2024). Revenue: US$1.38b (up 11% from 1Q 2024). Net income: US$557.2m (up 47% from 1Q 2024). Profit margin: 41% (up from 30% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in South America. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 13
Now 20% overvalued Over the last 90 days, the stock has fallen 8.8% to Mex$256. The fair value is estimated to be Mex$213, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 58% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 41% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Announcement • May 07
Nu Holdings Appoints Roberto Campos Neto as Vice Chairman and Global Head of Public Policy, Effective July 1, 2025 Nu Holdings announced the expected appointment of former Brazilian Central Bank president Roberto Campos Neto to its Management Team and to the Board of Directors, effective July 1, 2025, after completing a six-month cooling-off period as determined by Brazilian legislation. Reporting directly to David Vélez, founder and CEO of Nubank, Campos Neto will serve as Vice Chairman of Nubank and Global Head of Public Policy. His role will involve supporting Nu’s international expansion program, engaging with global financial regulators, representing Nu Holdings in international forums and boards, elevating economic and risk analysis for Nu’s operations in Brazil and Latin America, and contributing to the design of Nu’s long-term business strategy. Campos Neto has an extensive career in the financial sector, having served as the President of the Central Bank of Brazil from 2019 to the end of 2024. During his tenure, the organization received the award for “Central Bank of the Year” in 2024 by Central Banking Magazine. He is the only person to have received the “Best Central Banker of the Year” award from LatinFinance magazine for three consecutive years. In 2020, he was recognized by The Banker magazine as the Central Bank President of the Year for his leadership in addressing inflation during the pandemic. At the Central Bank, Campos Neto implemented a broad agenda focused on financial inclusion, financial education, increased competition, and sustainability. His efforts led to the inclusion of millions of Brazilians in the financial sector and increased access to credit. He oversaw the launch and development of the instant payment method Pix, advanced the Open Finance agenda, and promoted Drex, a digital real utilizing blockchain technology. The Brazilian Central Bank received numerous local and international awards for its work in curbing inflation, modernizing the financial system, combating climate change, and fostering international collaboration. Before his tenure at the Central Bank, Campos Neto held major leadership roles in the financial sector for over two decades, including positions at Santander, Claritas Investments, and Bozano Simonsen. He earned a Bachelor's and Master's degree in Economics from the University of California, Los Angeles (UCLA). Announcement • Mar 03
Nu Holdings Ltd. to Report Q2, 2025 Results on Aug 14, 2025 Nu Holdings Ltd. announced that they will report Q2, 2025 results on Aug 14, 2025 Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to Mex$231, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 7x in the Banks industry in South America. Total returns to shareholders of 22% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$234 per share. Reported Earnings • Feb 21
Full year 2024 earnings released Full year 2024 results: Revenue: US$4.79b (up 31% from FY 2023). Net income: US$1.51b (up 26% from FY 2023). Profit margin: 32% (down from 33% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 56% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Banks industry in South America. Buy Or Sell Opportunity • Feb 05
Now 20% overvalued Over the last 90 days, the stock has fallen 7.4% to Mex$280. The fair value is estimated to be Mex$232, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 63% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 236% in 2 years. Earnings are forecast to grow by 99% in the next 2 years. Announcement • Dec 21
Nu Holdings Ltd. to Report Q1, 2025 Results on May 13, 2025 Nu Holdings Ltd. announced that they will report Q1, 2025 results on May 13, 2025 New Risk • Nov 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Mexican stocks, typically moving 6.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Mex$270, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 6x in the Banks industry in South America. Total returns to shareholders of 90% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$187 per share. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: US$0.12 (vs US$0.064 in 3Q 2023) Third quarter 2024 results: EPS: US$0.12 (up from US$0.064 in 3Q 2023). Revenue: US$1.41b (up 45% from 3Q 2023). Net income: US$553.4m (up 83% from 3Q 2023). Profit margin: 39% (up from 31% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in South America. Announcement • Oct 02
Nu Holdings Ltd. to Report Q4, 2024 Results on Feb 20, 2025 Nu Holdings Ltd. announced that they will report Q4, 2024 results on Feb 20, 2025 Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: US$0.10 (vs US$0.048 in 2Q 2023) Second quarter 2024 results: EPS: US$0.10 (up from US$0.048 in 2Q 2023). Revenue: US$1.42b (up 73% from 2Q 2023). Net income: US$487.3m (up 117% from 2Q 2023). Profit margin: 34% (up from 27% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in South America. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mexican stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jul 15
Nu Holdings Ltd., Annual General Meeting, Aug 13, 2024 Nu Holdings Ltd., Annual General Meeting, Aug 13, 2024. Location: rua capote valente, 39, pinheiros, sao paulo-sp, 05409-000, sao paulo Brazil Announcement • Jul 03
Nu Holdings Ltd.(NYSE:NU) dropped from Russell 3000E Value Index Nu Holdings Ltd.(NYSE:NU) dropped from Russell 3000E Value Index Announcement • May 29
Nu Holdings Ltd. to Report Q3, 2024 Results on Nov 13, 2024 Nu Holdings Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 Reported Earnings • May 16
First quarter 2024 earnings released: EPS: US$0.079 (vs US$0.03 in 1Q 2023) First quarter 2024 results: EPS: US$0.079 (up from US$0.03 in 1Q 2023). Revenue: US$1.24b (up 77% from 1Q 2023). Net income: US$378.8m (up 167% from 1Q 2023). Profit margin: 30% (up from 20% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in South America. Announcement • Apr 04
Nu Holdings Ltd. to Report Q2, 2024 Results on Aug 13, 2024 Nu Holdings Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024 New Risk • Mar 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mexican stocks, typically moving 4.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: US$0.22 (vs US$0.078 loss in FY 2022) Full year 2023 results: EPS: US$0.22 (up from US$0.078 loss in FY 2022). Revenue: US$3.71b (up 101% from FY 2022). Net income: US$1.03b (up US$1.40b from FY 2022). Profit margin: 28% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Non-performing loans: 6.31% (up from 5.28% in FY 2022). Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Banks industry in South America. New Risk • Feb 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mexican stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Large one-off items impacting financial results. Announcement • Dec 02
Nu Holdings Ltd. to Report Q1, 2024 Results on May 14, 2024 Nu Holdings Ltd. announced that they will report Q1, 2024 results on May 14, 2024 Announcement • Sep 01
Nu Holdings Ltd. to Report Q4, 2023 Results on Feb 22, 2024 Nu Holdings Ltd. announced that they will report Q4, 2023 results on Feb 22, 2024 Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: US$47.54 (vs US$0.006 loss in 2Q 2022) Second quarter 2023 results: EPS: US$47.54 (up from US$0.006 loss in 2Q 2022). Revenue: US$824.8m (up 100% from 2Q 2022). Net income: US$224.9m (up US$254.6m from 2Q 2022). Profit margin: 27% (up from net loss in 2Q 2022). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Banks industry in Mexico. Board Change • Aug 10
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Director Doug Leone is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jul 18
Nu Holdings Ltd., Annual General Meeting, Aug 16, 2023 Nu Holdings Ltd., Annual General Meeting, Aug 16, 2023, at 17:00 Coordinated Universal Time. Location: Rua Capote Valente, 120, Pinheiros São Paulo Brazil Agenda: To consider and approve to resolve, as an ordinary resolution, that the Company’s audited financial statements and the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2022 be approved and ratified and to resolve, as an ordinary resolution, that the reelection of the individuals listed from “a” to “i”,as directors of the Company, each to serve for a term ending on the date of the next annual general meeting of the Members, or until such person resigns or is removed in accordance with the terms of the Memorandum and Articles of Association of the Company, be approved David Velez Osorno; Douglas Mauro Leone;Anita Mary Sands;Daniel Krepel Goldberg;David Alexandre Marcus;Luis Alberto Moreno Mejia;Jacqueline Dawn Reses; Rogério Paulo Calderón Peres; and Thuan Quang Pham. Reported Earnings • May 17
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$1.14b (up 248% from 1Q 2022). Net income: US$141.8m (up US$186.9m from 1Q 2022). Profit margin: 12% (up from net loss in 1Q 2022). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Banks industry in Mexico. Reported Earnings • Feb 17
Full year 2022 earnings released: US$0.078 loss per share (vs US$0.10 loss in FY 2021) Full year 2022 results: US$0.078 loss per share. Revenue: US$1.84b (up 116% from FY 2021). Net loss: US$364.6m (loss widened 121% from FY 2021). Non-performing loans: 5.28% (up from 4.51% in FY 2021). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in Mexico. Announcement • Jan 06
Nu Holdings Ltd. to Report Q4, 2022 Results on Feb 14, 2023 Nu Holdings Ltd. announced that they will report Q4, 2022 results on Feb 14, 2023 Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Rogério Paulo Peres was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 17
Second quarter 2022 earnings released: US$0.006 loss per share (vs US$0.011 loss in 2Q 2021) Second quarter 2022 results: US$0.006 loss per share. Revenue: US$411.6m (up 110% from 2Q 2021). Net loss: US$29.7m (loss widened 95% from 2Q 2021). Over the next year, revenue is forecast to grow 302%, compared to a 26% growth forecast for the Banks industry in Mexico. Breakeven Date Change • Jul 07
Forecast breakeven date moved forward to 2023 The 12 analysts covering Nu Holdings previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$17.3m in 2023. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Breakeven Date Change • Jun 17
Forecast breakeven date pushed back to 2024 The 14 analysts covering Nu Holdings previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 50% per year to 2023. The company is expected to make a profit of US$630.6m in 2024. Average annual earnings growth of 76% is required to achieve expected profit on schedule. Reported Earnings • May 17
First quarter 2022 earnings released First quarter 2022 results: Revenue: US$328.5m (up 131% from 1Q 2021). Net loss: US$45.1m (loss narrowed 8.9% from 1Q 2021). Over the next year, revenue is forecast to grow 238%, compared to a 30% growth forecast for the industry in Mexico. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Director Doug Leone is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Mar 12
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Director Doug Leone is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
