Nu Holdings Ltd. . Demonstrates Robust First Quarter 2025 Performance Amid Expanding Market Presence
$NU
Nu Holdings Ltd. . (NYSE:NU), a prominent player in the digital financial services sector, has recently unveiled its financial results for the first quarter of 2025, showcasing significant growth and strategic advancements across its operations in Brazil, Mexico and Colombia. In the first quarter, the firm reported a remarkable revenue surge of 40% year-over-year, totaling $3.2 billion.
The firm also reported a robust increase in net income, which rose by 74% year-over-year to $557.2 million. This profitability reflects not only revenue growth but also operational efficiency, with the company maintaining a low-cost operating platform.
This growth is attributed to a 62% expansion in the interest-earning portfolio, reflecting the company’s effective scaling and deepening customer engagement. Notably, the company reached a milestone of 118.6 million customers globally by March 31, 2025, with a substantial increase of 4.3 million customers in the first quarter alone.
David Vélez, Founder and CEO of Nubank, highlighted the company’s disciplined approach to expansion and its focus on enhancing service offerings With disciplined boldness, we’re capitalizing on vast growth opportunities by responsibly expanding, strategically reinvesting, and scaling our proven flywheel model. We are confident that by continuously enhancing our offerings and market position, Nubank will capitalize on the long runway of growth ahead of us and deliver enduring value to both customers and shareholders,”said Vélez.
The average cost to serve per active customer continued to decline, demonstrating Nu’s ability to manage expenses effectively while scaling operations. In Brazil, Nu’s performance was particularly strong, with the customer base reaching 104.6 million, representing nearly 59% of the adult population. Approximately 85% of these customers are active users of Nu’s platform, with close to 60% considering Nu as their primary bank. In Colombia, Nu continued to experience positive momentum, with customer numbers nearing 3 million and deposits increasing by 30% quarter-over-quarter.
Nu Holdings is well-positioned to capitalize on the growth opportunities in the digital financial services market. With a focus on continuous innovation and customer-centric solutions, the company is set to enhance its offerings and strengthen its market position further. This strategic approach, combined with disciplined execution, positions Nu Holdings to continue its trajectory of robust growth and value creation.
**DISCLAIMER: THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE INTERPRETED AS INVESTMENT ADVICE. INVESTING INVOLVES RISK, INCLUDING THE POTENTIAL LOSS OF PRINCIPAL. READERS ARE ENCOURAGED TO CONDUCT THEIR OWN RESEARCH AND CONSULT WITH A QUALIFIED FINANCIAL ADVISOR BEFORE MAKING ANY INVESTMENT DECISIONS.**
