New York, Feb 27, 2026, 15:43 ET — Regular session
- NU shares slipped, investors weighing the stock’s steep post-earnings swing.
- Investors remain fixated on costs and credit risk, watching closely for any signals the new reporting framework might reveal.
Shares of Nu Holdings Ltd (NU.N) slipped 0.27% to $15.02 late Friday, with investors digesting a choppy session following the Brazilian digital bank’s newest earnings report.
Shares settled at $15.06 last session, with volume surging as traders digested the latest Q4 numbers.
Nu, which operates Nubank, reported a 50% jump in net profit for the fourth quarter. Still, shares slipped in post-market trade after the numbers landed, with some analysts pointing to expenses and a lower tax rate as key factors behind the earnings beat. “This brings positive leverage to revenue,” Chief Financial Officer Guilherme Lago told Reuters. Reuters
Nu wrapped up 2025 serving 131 million customers, according to a company statement. Monthly ARPAC landed at $15. Quarterly net income came in at $894.8 million, return on equity reached 33%. “Increased scale, deepened engagement, and expanded profitability,” CEO David Velez said. Nu International
Nu called out some of the drivers behind the latest quarter. Risk-adjusted net interest margin, which strips out losses from lending income, landed at 10.5%. That number took a hit from a one-off payment into Mexico’s Prosofipo deposit-protection fund, the company said. Nu is also rolling out what it calls a new “managerial P&L” structure — shifting IFRS line items around but keeping net income unchanged. On its U.S. push, Nu mentioned a step forward: conditional approval from the OCC, part of its pursuit of a national bank charter.
That’s the mix traders are mulling right now. Nu’s growth narrative remains anchored in mass-market credit and strong engagement, but after a sharp move on results, the stock reacts quickly to even slight changes in talk about expense control or credit costs.
Timing’s another piece of it. Management points out that delinquency usually ticks up in the first quarter—seasonal pattern—and that’s right when investors begin scanning for any weakness in consumer credit.
The setup isn’t all upside. Should operating costs or provisions start outpacing revenue, margin gains can evaporate in a hurry—especially with a portfolio still heavy on cards and unsecured loans. Regulatory deadlines, whether in the U.S. or tied to Nu’s banking license efforts in Mexico, have a habit of slipping. And usually, those delays surface in sentiment before they appear in any official filings.
The next real test arrives with the upcoming quarterly update. According to Investing.com, Nu is scheduled to report earnings on May 14, 2026.
