Nu Holdings (NU): analysis in plain words
Is Nu Holdings cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Nu Holdings (NU) is listed on the NYSE and we classify it in financial services and payments. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Nu Holdings according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Nu Holdings (NU) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $11.99 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 16.4x | Price over earnings per share |
| Revenue growth | +52.1% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 42.7% | Profit for every 100 of sales |
| Net debt / EBITDA | N/A | Years of operating profit to repay debt |
| Dividend yield | 0.00% | Annual dividend over price |
| Market cap | $57.9 billion | What the stock market values it at |
The Nu Holdings figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any NU figure that is not available shows as N/A: we do not estimate it.
How Nu Holdings makes money
Nu Holdings is the parent of Nubank, an app-only digital bank operating in Brazil, Mexico and Colombia. It offers accounts, credit cards, personal loans, investments and insurance. It earns mainly interest on credit cards and loans, plus interchange fees merchants pay on card purchases. Brazil is its largest market.
Over the last 12 months, Nu Holdings brought in revenue of $8.4 billion. Its operating margin, what Nu Holdings keeps from every 100 of sales after running costs, is 50.2%.
Nu Holdings against its sector
To know whether a Nu Holdings figure is high or low you have to put it next to similar companies. This table compares Nu Holdings with the median of the 21 financial services and payments companies Fintols covers, with data as of November 4, 2026.
| Figure | Nu Holdings | financial services and payments median |
|---|---|---|
| P/E | 16.4x | 27.9x (21) |
| Revenue growth | +52.1% | +12.4% (24) |
| Net margin | 42.7% | 25.8% (24) |
| Dividend yield | 0.00% | 0.81% (24) |
In short, against the typical financial services and payments company, Nu Holdings trades on a lower P/E, grows faster and earns a wider margin. By size, Nu Holdings ranks number 16 of 22 financial services and payments companies quoted in USD on Fintols.
The bull case for Nu Holdings
These are the strengths in the Nu Holdings figures as of November 4, 2026:
- Nu Holdings is selling more than a year ago: +52.1% in its latest quarter (the typical financial services and payments company grew +12.4%).
- Its net margin over the last 12 months is 42.7% (sector median: 25.8%): Nu Holdings turns a large share of its sales into profit.
- Analysts expect Nu Holdings earnings to rise: its P/E on the next 12 months of estimated earnings is 10.7x, below the current 16.4x.
The main risk for Nu Holdings
Nu Holdings stock sits 37% below its 52-week high ($18.98): the market has cut its expectations, and it is worth understanding why first.
And, like the rest of financial services and payments, Nu Holdings is exposed to a drop in the payment, investment or trading volumes it earns fees on, plus regulation.
Frequently asked questions about Nu Holdings
Is it a good time to buy Nu Holdings stock?
Fintols does not tell you whether to buy or sell Nu Holdings, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Nu Holdings stock trades at $11.99, 37% below its 52-week high ($18.98) and 7% above its low ($11.20). Its P/E is 16.4x against a financial services and payments median of 27.9x, and 10.7x on the earnings analysts expect over the next 12 months. With Nu Holdings, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Nu Holdings pay a dividend?
No. As of November 4, 2026, Nu Holdings does not pay a dividend: what it earns stays in the company to grow, invest or, where it does so, buy back shares. Anyone buying Nu Holdings today is counting on the share price rising, not on income.
Is Nu Holdings stock expensive?
It depends on what you compare it with. On P/E, Nu Holdings trades at 16.4x its last 12 months of earnings: cheaper than the financial services and payments median (27.9x). A high P/E alone does not make Nu Holdings expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Nu Holdings's competitors?
On Fintols we compare Nu Holdings with Affirm, Upstart and Deutsche Börse, which are also in financial services and payments. As of November 4, 2026, Affirm is worth $25.5 billion and trades on a P/E of 13.7; Upstart is worth $2.3 billion and trades on a P/E of 38.3; Deutsche Börse is worth €56.8 billion and trades on a P/E of 26.3. Each has a side-by-side comparison with Nu Holdings below.
Nu Holdings competitors
- Affirm (AFRM) analysis · Nu Holdings vs Affirm comparison
- Upstart (UPST) analysis · Nu Holdings vs Upstart comparison
- Deutsche Börse (DB1.DE) analysis · Nu Holdings vs Deutsche Börse comparison
To understand Nu Holdings better
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- 7 Common Beginner Investing Mistakes (and How to Avoid Them)
More companies like Nu Holdings: financial services and payments stocks. Open the full NU analysis with its valuation and scenarios. Educational content about Nu Holdings, not investment advice.