Nu Holdings Ltd. income statement NU
In fiscal 2024, which ended Dec 31, 2024, Nu Holdings Ltd. reported revenue of $11.5 billion, up 43.4% from the year before. Net income was $2.0 billion, a profit margin of 17.1%. Diluted earnings per share were $0.40. Across the 4 fiscal years shown, revenue grew from $1.7 billion in fiscal 2021 to $11.5 billion in fiscal 2024, about 89.3% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
FY 2021
Dec 31, 2021
|
|---|---|---|---|---|
| Revenue |
11,517
+43.4%
|
8,029
+67.5%
|
4,792
+182.2%
|
1,698
|
| Gross profit |
5,253
+50.5%
|
3,491
+109.9%
|
1,663
+126.9%
|
733
|
| Selling, general and administrative |
—
|
147
+112.3%
|
-1,197
-114.9%
|
-557
|
| Pretax income |
2,795
+81.6%
|
1,539
+598.2%
|
-309
-81.5%
|
-170
|
| Income tax |
823
+61.9%
|
509
+812.5%
|
56
+1253.9%
|
-5
|
| Net income |
1,972
+91.4%
|
1,031
+382.6%
|
-365
-120.5%
|
-165
|
| Basic EPS |
0.41
+89.2%
|
0.22
|
—
|
-0.10
|
| Diluted EPS |
0.40
+90.2%
|
0.21
|
—
|
-0.10
|
| Weighted average shares, basic |
4,792
+1.1%
|
4,739
|
—
|
—
|
| Weighted average shares, diluted |
4,889
+0.6%
|
4,858
+3.9%
|
4,677
+191.9%
|
1,602
|
| Margins | ||||
| Gross margin |
45.61%
|
43.48%
|
34.70%
|
43.16%
|
| Pretax margin |
24.27%
|
19.17%
|
-6.45%
|
-10.02%
|
| Profit margin |
17.12%
|
12.84%
|
-7.61%
|
-9.74%
|
| Effective tax rate |
29.45%
|
33.04%
|
—
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Finance Services (SIC 6199)
- Listed as
- NU (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- Cayman Islands
- Headquarters
- Sao Paulo, Sp, Brazil
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1691493
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.