Nu Holdings Jumps on First-Ever $1 Billion Quarterly Profit
+9.33% to $15.23 from $13.93
What moved NU
- Nu Holdings reported second-quarter net income of about $1.06 billion, its first billion-dollar profit quarter, up 49% year over year.
- Revenue rose 39% year over year on an FX-neutral basis to roughly $5.9 billion, while gross profit increased 43% to $2.4 billion.
- The company’s customer base grew 13% year over year to 138.9 million, with an 83.5% activity rate.
- Total credit portfolios reached $39.4 billion and deposits reached $45.3 billion across the company’s Brazil, Mexico and Colombia operations.
Sources: TradingKey