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Nu Holdings Delivers Strong Q1 Financial Performance and Expands in Mexico

May 21, 2025 (5 days ago)
Positive
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Nu Holdings reported robust Q1 2025 results, with revenue up 18.7% YoY and significant growth in Mexico.

Strong Financial Performance and Expansion in Mexico

  • Revenue rose 18.7% YoY to $3.45 billion, with customer growth at 19.4% to 118.6 million1
  • Mexico's growth accelerated, with over 11 million customers and deposits up 135% YoY to $5.4 billion1

Shift in Lending Strategy

  • The company shifted toward secured, interest-generating loans, driving 47% YoY net income growth to $557 million and a 40.4% net income margin1

Institutional Investment and Earnings

  • Institutional investors, including Trustees of Columbia University, acquired 108,588 shares valued at $1,125,0002
  • NU reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01), but revenue of $3.25 billion exceeded expectations2
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