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Nu Holdings (NU) reported a customer base of 123 million in Q2 2025, with Brazil comprising 60% of its adult population. The company achieved quarterly revenues of $3.7 billion, marking a 29% year-over-year increase, while gross profit rose to $1.55 billion, a 14% increase from last year (24% on a currency-adjusted basis).
Net income for Nu Holdings reached $637 million in Q2 2025, a 31% rise compared to the previous year, and 42% on a neutral-currency basis. The company’s financial growth is attributed to its expanding customer base and monetization through credit products, which accounted for 43% of gross profit. The stock has surged 54% year-to-date, significantly outperforming the industry average of 37%.
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