Nu Holdings Ltd. (NU) Announced Q4 2025 Earnings on February 25, 2026, Reporting "revenues in Q4 '25 reached $4.9 billion"

Nu Holdings Ltd. reported that "revenues in Q4 '25 reached $4.9 billion, up 45% year-over-year". The company noted that "gross profit in the same period reached nearly $2 billion, up 38% year-over-year". "In the fourth quarter, net income increased 50% year-over-year to $895 million, delivering a record high ROE of 33%". Additionally, the company achieved an "efficiency ratio declined to 19.9% following below 20% for the first time in our history".

Management stated that " was a fantastic year for Nubank" and the company "closed the year with 131 million customers adding 17 million net new customers". Going into 2026, management sees it as an "inflection year" and "the year we begin transitioning from a Latin American leader to a global digital banking platform". Priorities for 2026 are organized around "winning in our core markets," strengthening "foundations for international expansion," and treating "AI as a superpower". Product updates included putting "Nu Former" into production for credit decisioning and receiving "conditional approval from the OCC for a U.S. national bank charter".

The company warned of "upward pressure on the efficiency ratio in the near term" due to "deliberate investments". This includes a "return to office policy" effective mid-2026, which will "likely bring kind of our efficiency ratio, all else constant, up by about 80 to 100 basis points". Management also noted a regulatory headwind where "recent changes to FGTS regulations have reduced Nu originations by more than half". In Mexico, the company recorded an extraordinary contribution of "approximately $25 million" to Prosofipo, a sector-wide deposit insurance fund.