Nu Holdings Ltd. cash flow statement

In fiscal 2025, Nu Holdings Ltd.'s operations generated $3.50bn of cash.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Nu Holdings Ltd.: cash flow statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	276	975	−2,924	756	1,266	2,399	3,500
Depreciation and amortisation	5	7	17	36	63	—	—
Stock-based pay	19	36	157	253	213	272	272

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Nu Holdings Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Nu Holdings Ltd.