Nu Holdings Limited

NU

Equity

ISIN KYG6683N1034 / Valor 114658358

New York Stock Exchange, Inc (2024-09-17)

USD 15.14+1.68%

Nu Holdings Limited
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About company

Nu Holdings Limited, also known as Nubank, is a digital financial services platform and technology company that offers a range of products including digital accounts, credit cards, loans, business accounts, and investment services. Customers can manage their finances, make transfers, pay bills, and make purchases through their mobile phones using Nubank's services. The company operates in multiple countries including Mexico, Colombia, Argentina, the US, and its home base in Brazil. Nubank is headquartered in Sao Paulo, Brazil, and is known for its innovative approach to banking and financial services.

Summarized from source with an LLMView SourceSector: Technology

Net Income and ROE

Nu Holdings Limited reported a significant increase in net income for the second quarter of 2024, doubling year-over-year to $487 million. The company also achieved a return on equity (ROE) of 28%, highlighting its strong profitability and efficient capital utilization.

Customer Growth

In Q2 2024, Nu Holdings Limited saw its customer base grow by 25% year-over-year, reaching a total of 104.5 million customers. This growth underscores Nu's position as one of the largest and fastest-growing digital financial services platforms globally.

Revenue and Gross Profit

Nu Holdings Limited's revenue for the second quarter of 2024 increased by 65% year-over-year to $2.8 billion. Additionally, the company's gross profit rose by 88% year-over-year to $1.4 billion, demonstrating strong operational performance and profitability.

Efficiency Ratio

Nu Holdings Limited improved its efficiency ratio to 32% in Q2 2024, positioning it as one of the most efficient financial services companies globally. This improvement reflects the company's ability to manage costs effectively while scaling its operations.

International Expansion

Nu Holdings Limited continued its international expansion in Q2 2024, with strong growth in Mexico and Colombia. The company reported substantial deposit growth in these markets, indicating robust potential for further expansion and market penetration in Latin America.

Summarized from source with an LLMView Source

Key figures

106%1Y

%3Y

%5Y

Performance

35.3%1Y

66.6%3Y

66.6%5Y

Volatility