Nu Holdings Ltd. Class A Ordinary Shares Q3 2025 Earnings Recap

Nu Holdings reported a strong third quarter in 2025 with record revenues exceeding $4 billion and continued growth in customer base, achieving 127 million customers while maintaining high engagement levels.

Key Takeaways

• Q3 net income reached $783 million, showcasing solid profitability alongside ongoing investments in growth.
• Customer base increased by over 4 million this quarter, with active engagement rates above 83%.
• The company’s average revenue per active customer (ARPAC) expanded to over $13, driven by strong unit economics and deepening monetization efforts.
• Cost-to-income ratio improved to 28%, reflecting enhanced operational efficiency while maintaining focus on growth and innovation.
• Strategic investments in AI aim to enhance customer interactions and improve risk management, positioning Nubank for future scalability and profitability.