Nu Holdings Ltd. (NYSE:NU) Q3 2025 Earnings: Revenue and EPS Top Estimates

Nu Holdings Ltd. (NYSE:NU) has released its financial results for the third quarter of 2025, delivering a performance that notably exceeded analyst expectations on the top line. The digital financial services platform reported record revenues, contributing to a substantial increase in net income, which has been met with a positive initial reaction in after-hours trading.

Earnings vs. Estimates

The company's reported figures for Q3 2025 demonstrate significant strength, particularly in its revenue generation.

• Revenue: The company reported revenue of $4.17 billion, surpassing the analyst consensus estimate of $3.92 billion.
• Earnings Per Share (EPS): Non-GAAP EPS came in at $0.17, slightly ahead of the $0.1641 estimate.

This revenue beat, coupled with an EPS beat, appears to be the primary driver behind the positive market sentiment observed after the announcement. The stock has risen approximately 3% in after-market activity, suggesting investors are rewarding the company for its stronger-than-expected top-line growth and profitability.

Quarterly Performance Overview

The earnings report painted a picture of a company continuing to execute on its growth strategy with impressive scale and efficiency. The record $4.2 billion in revenue, a 39% increase year-over-year on an FX-neutral basis, was fueled by a expanding and increasingly engaged customer base.

• Customer Growth: Nu added 4.3 million customers in the quarter, bringing its global total to 127 million.
• Customer Engagement: The Monthly Average Revenue per Active Customer (ARPAC) reached a new high of $13.4, indicating customers are using more of the platform's financial products.
• Profitability: Net income surged 39% YoY to $783 million, achieving a record annualized Return on Equity (ROE) of 31%.
• Operational Efficiency: The company maintained its remarkably low-cost structure, with the Average Cost to Serve Per Active Customer remaining below $1.00 at $0.90.

Business Segment Highlights

Nu's growth is not confined to its home market of Brazil, though its dominance there is clear, with over 60% of the country's adult population now counted as customers. The international expansion efforts in Mexico and Colombia are also gaining meaningful traction, with 13.1 million and 3.8 million customers, respectively. Management also emphasized its strategic shift towards becoming an "AI-first" company, integrating foundation models across its operations to enhance personalization, risk management, and operational scaling.

Looking Ahead

The press release did not provide a specific quantitative financial outlook for the upcoming quarter or the full year. Therefore, the market's reaction is based solely on the strong Q3 results and the company's demonstrated operational momentum. For context, analyst estimates for the next quarter (Q4 2025) project revenue of approximately $4.01 billion and earnings per share of around $0.18. For the full 2025 year, analysts are forecasting sales of $14.68 billion.

For a detailed look at historical earnings, future estimates, and analyst projections for Nu Holdings Ltd., you can review the data here.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.