Nu Holdings Ltd. is a US-listed company in the diversified banks industry. Its financial year ends in December.
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $15.8bn, up 37.0% on a year earlier, slower than the 43.4% growth a quarter earlier. That growth ranks 1 of 14 among the diversified banks companies we cover.
Our model value for Nu Holdings is under review, so past values are not shown until it is resolved.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Where it stands out: revenue growth of 37.0% ranks 1 of 14 diversified banks companies we cover. Where it lags: net margin of 18.2% ranks 14 of 14 diversified banks companies we cover.
Current signal Revenue growth decelerating: TTM revenue growth slowed to 37.0% (-6.5pp vs the prior quarter), the 3rd consecutive quarterly slowdown.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Loading chart…
Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No model value for Nu Holdings Ltd. at the moment. Current status: valuation models disagree too widely to rate. Available reported financials are shown below.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Nu Holdings Ltd. as a bank or lender, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.78 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$4.0 ~$2.6–$6.2 | Primary model, counts double |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$4.0 ~$3.4–$4.9 | Included |
| Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. | ~$3.3 ~$2.2–$4.5 | Included |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$1.9 ~$2.4–$3.6 | Left out: out of range vs price (0.16x) |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$11 ~$10–$13 | Included |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Nu Holdings Ltd. with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Next results: November 12, 2026, after the close. Analysts expect revenue of $6.0bn and EPS of $0.22 (range $0.21 to $0.23) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $0.86 | +46% | $22.8bn | +45% |
| Next | $1.11 | +29% | $28.3bn | +24% |
Next year's EPS estimate has moved +3.9% in 90 days, across 17 analysts.
The consensus EPS forecast for the current fiscal year is +5.9% on 90 days ago. In the last 30 days, 3 analysts raised Nu Holdings Ltd.'s forecast and 2 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $0.81 | $1.07 |
| 60 days ago | $0.85 | $1.11 |
| 30 days ago | $0.86 | $1.10 |
| 7 days ago | $0.85 | $1.11 |
| Now | $0.86 | $1.11 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.19 | $0.22 | +13.0% |
| Mar 2026 | $0.19 | $0.18 | −5.2% |
| Dec 2025 | $0.18 | $0.18 | −1.6% |
| Sept 2025 | $0.15 | $0.16 | +3.9% |
Adjusted EPS as companies report it, against the average analyst estimate.
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY19 Q4 | $612.1M |
| FY20 Q4 | $737.1M |
| FY21 Q4 | $1.7B |
| FY22 Q4 | $4.8B |
| FY23 Q4 | $8B |
| FY24 Q4 | $11.5B |
| FY25 Q4 | $15.8B |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY20 Q4 | 20.4% |
| FY21 Q4 | 130.4% |
| FY22 Q4 | 182.2% |
| FY23 Q4 | 67.5% |
| FY24 Q4 | 43.4% |
| FY25 Q4 | 37.0% |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY19 Q4 | 44.3% |
| FY20 Q4 | 131.2% |
| FY21 Q4 | -173.2% |
| FY22 Q4 | 15.0% |
| FY23 Q4 | 15.0% |
| Fiscal year | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|---|---|---|---|
| Income | |||||||
| Revenue | 0.6 | 0.7 | 1.7 | 4.8 | 8.0 | 11.5 | 15.8 |
| Gross profit | 0.2 | 0.3 | 0.7 | 1.7 | 3.5 | 5.3 | 6.6 |
| Net income | −0.1 | −0.2 | −0.2 | −0.4 | 1.0 | 2.0 | 2.9 |
| Diluted EPS | $379310.33 | $438526.00 | −$0.03 | −$0.08 | $0.21 | $0.40 | $0.58 |
| Growth (year on year) | |||||||
| Revenue | — | +20.4% | +130.4% | +182.2% | +67.5% | +43.4% | +37.0% |
| Net income | — | — | — | — | — | +91.4% | +45.5% |
| Diluted EPS | — | — | — | — | — | +90.2% | +44.9% |
| Margins | |||||||
| Gross margin | 40.5% | 44.3% | 43.2% | 34.7% | 43.5% | 45.6% | 42.0% |
| Net margin | −15.1% | −23.3% | −9.7% | −7.6% | 12.8% | 17.1% | 18.2% |
| Cash flow | |||||||
| Cash from operations | 0.3 | 1.0 | −2.9 | 0.8 | 1.3 | 2.4 | 3.5 |
| Stock-based pay | 0.0 | 0.0 | 0.2 | 0.3 | 0.2 | 0.3 | 0.3 |
| Balance sheet | |||||||
| Cash | 1.2 | 2.3 | 2.7 | 4.2 | 5.9 | 9.2 | 15.0 |
| Total debt | 0.1 | 0.1 | 0.1 | 0.6 | 1.1 | 1.7 | 4.4 |
| Net debt (negative = net cash) | −1.1 | −2.2 | −2.6 | −3.6 | −4.8 | −7.5 | −10.6 |
| Diluted shares | — | 1m | 4,806m | 4,677m | 4,858m | 4,889m | 4,907m |
| Last 12 months unless stated | NU | TFC | CM | PNC | BMO | HDB | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $15.8bn | $19.4bn | $20.8bn | $25.0bn | $25.9bn | $26.4bn | $28.3bn |
| Revenue growth, last 12 months | 37.0% | −3.6% | 10.6% | 13.2% | 7.5% | 1.7% | 9.6% |
| Revenue growth, 3-year average | — | 2.0% | — | 4.1% | — | 86.1% | 4.9% |
| Revenue growth, latest quarter | — | −27.8% | — | 21.4% | — | — | 10.1% |
| Net margin | 18.2% | 25.1% | 28.9% | 29.4% | 24.0% | 30.3% | 27.2% |
| Cash from operations / revenue | 22.2% | 31.2% | 47.5% | 29.9% | 28.2% | 48.1% | 30.6% |
| Free-cash-flow margin | 15.0% | 33.4% | — | 28.4% | 22.2% | 45.8% | 24.3% |
| Free-cash-flow margin, 3-year average | — | 29.1% | — | 29.2% | 64.8% | 41.6% | 27.9% |
| Stock pay / revenue | 1.7% | 1.8% | 0.1% | 1.1% | — | 1.0% | 1.6% |
| Change in share count | 0.4% | −3.8% | −0.1% | 0.1% | −0.7% | 0.6% | −0.5% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 37.0% | 10.2% | 1 of 14 |
| Change in growth rate Growth | -6.5pp | +1.8pp | 12 of 14 |
| Net margin Profitability | 18.2% | 27.5% | 14 of 14 |
| Stock pay as % of revenue Cash generation | 1.7% | 1.7% | 5 of 8 |
| Change in share count Balance sheet | 0.4% | -0.3% | 12 of 14 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Blackrock, Inc. | $4.7B | 355.0M | 12.3% | ▲ 4.4% |
| Baillie Gifford & Co | $3.1B | 229.9M | 7.9% | ▼ 6.7% |
| Capital Research Global Investors | $1.9B | 142.8M | 4.9% | ▲ 11.1% |
| Morgan Stanley | $1.6B | 118.0M | 4.1% | ▼ 16.7% |
| Jpmorgan Chase & Co | $1.3B | 100.0M | 3.4% | ▲ 9.4% |
| State Street Corp | $1.3B | 96.8M | 3.3% | ▲ 4.1% |
| FMR LLC | $1B | 75.6M | 2.6% | ▲ 3.3% |
| WCM Investment Management, LLC | $977M | 74.4M | 2.5% | ▲ 2.2% |
| Lone Pine Capital LLC | $631M | 47.2M | 1.6% | ▲ 24.2% |
| Norges Bank | $618M | 46.3M | 1.6% | — |
| D1 Capital Partners L.P. | $593M | 44.4M | 1.5% | ▲ 71.6% |
| Technology Crossover Management X, Ltd. | $569M | 42.6M | 1.5% | 0.0% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Nu Holdings Ltd.'s complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Junqueira Cristina Helena Zingaretti US CEO and Chief Growth Offcr | October 5, 2026 | Sell pre-set plan | 25,000 | $15.01 | $375,362 |
| Junqueira Cristina Helena Zingaretti US CEO & Chief Growth Officer | August 25, 2026 | Sell pre-set plan | 65,000 | $14.71 | $956,150 |
| Junqueira Cristina Helena Zingaretti US CEO & Chief Growth Officer | August 24, 2026 | Sell pre-set plan | 25,000 | $15.00 | $375,000 |
| Junqueira Cristina Helena Zingaretti US CEO & Chief Growth Officer | August 14, 2026 | Sell | 50,000 | $15.80 | $790,000 |
| Fragelli Henrique Camossa Saldanha Chief Risk Officer | August 14, 2026 | Sell | 221,707 | $15.81 | $3.5M |
| Sands Anita M Director | May 15, 2026 | Sell | 21,000 | $12.24 | $257,040 |
| Junqueira Cristina Helena Zingaretti US CEO & Chief Growth Officer | March 23, 2026 | Sell | 80,000 | $14.81 | $1.2M |
| Junqueira Cristina Helena Zingaretti US CEO & Chief Growth Officer | March 23, 2026 | Sell | 220,000 | $14.82 | $3.3M |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
No trades in Nu Holdings Ltd. disclosed in the last 12 months; 6 earlier trades on record.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
New research on the companies we cover arrives in the weekly email. Free, one email a week.
