Nu Holdings Ltd. key statistics and ratios

In fiscal 2025, Nu Holdings Ltd. had return on equity of 30.3%, a net margin of 18.2% and debt equal to 39.0% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Nu Holdings Ltd.: financial ratios, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
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%
Return on equity	−15.1%	−32.7%	−6.8%	−7.8%	18.2%	28.1%	30.3%
Return on assets	—	−1.7%	−1.1%	−1.5%	2.8%	4.2%	4.6%
Asset turnover	—	0.07	0.11	0.19	0.22	0.25	0.25
Debt to equity	21.8%	22.2%	3.3%	12.0%	17.7%	22.6%	39.0%
Effective tax rate	—	—	—	—	33.0%	29.4%	25.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: NU vs TFC CM vs NU NU vs PNC

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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.