"Nu's Q3 2025 results were difficult to criticize. Revenue reached $4.17 billion, exceeding consensus expectations of roughly $4.04 billion by about $134 million. Revenue grew 46% year-over-year, underscoring continued momentum across its core markets. Net income totaled $783 million, up 39% year-over-year on an FX-neutral basis."
"Customer growth remained a defining strength, with total customers reaching 127 million and an activity rate above 83%. Operational leverage also improved. The efficiency ratio declined to 27.7%, reflecting Nu's ability to scale revenue faster than operating costs - a key differentiator for a digital banking model expanding across multiple geographies."
"The two most important variables in tonight's report are credit performance and international execution. On credit, 90-plus day non-performing loans st[and as a key metric]. Consensus implies that analysts expect growth to remain strong into year-end, though slightly moderating from Q3's 46% pace."
Nu Holdings, a digital banking leader, delivered strong Q3 2025 results with $4.17 billion in revenue, exceeding expectations by $134 million, and 46% year-over-year growth. Net income reached $783 million, up 39% year-over-year on an FX-neutral basis. The company achieved 127 million total customers with an 83% activity rate and improved operational efficiency with a 27.7% efficiency ratio. Despite solid fundamentals, stock performance has been uneven due to emerging-market volatility rather than operational deterioration. Q4 results will be evaluated on credit quality performance and international execution, particularly in Mexico, as investors assess whether rapid expansion can continue without compromising asset quality.
Read at 24/7 Wall St.
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