Nu Holdings Ltd. (NU) Stock Price & How to Invest

Nu Holdings is the parent of Nubank, a digital bank built entirely around a mobile app rather than branches. It earns money the way a bank does: net interest income from credit cards and personal loans, plus fees and interchange, increasingly funded by a large, low-cost deposit base. By March 2026 deposits had grown roughly 29% year over year to nearly $42 billion and the loan book had passed $30 billion, while the company kept its cost structure unusually lean, reporting an efficiency ratio under 18%. Growth comes from two levers stacked together: signing up new customers (over 135 million globally, with Brazil past ~115 million, Mexico past ~15 million, and Colombia approaching ~5 million) and raising how much each customer transacts and borrows over time.

The company was founded in 2013 by David Velez, a Colombian-born former venture investor, alongside Cristina Junqueira and Edward Wible, after Velez grew frustrated with Brazil's concentrated, high-fee incumbent banks. Its first product was a no-fee, app-managed purple credit card, and it expanded from there into accounts, lending, insurance, investments, and crypto access. Nu listed on the NYSE in December 2021 at roughly a $45 billion valuation. David Velez remains chief executive and the company's defining figure. Berkshire Hathaway, an early backer that bought in around the IPO, fully exited its position in 2025, a frequently cited data point but not a verdict on the underlying business.

The dominant risk is the consumer credit cycle. Most of Nu's profit comes from unsecured lending in Brazil and Mexico, where inflation, currency moves, or a slowdown can push delinquencies up and force larger loan-loss provisions; 90-day-plus non-performing loans sat around 6.5% in Q1 2026, off a prior peak but still meaningful. Brazil's high Selic rate raises funding costs and has not fully repriced across the book. Because results report in US dollars, a weaker Brazilian real or Mexican peso drags reported revenue and earnings. Competition is intensifying as incumbents modernize and new neobanks enter, which can lift acquisition costs and pressure fees, and tighter fintech regulation across the region adds uncertainty.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Nu Holdings Ltd.'s investor relations page or your broker.

• Revenue (Q1 2026 quarterly): ~$5.0 billion, a record single quarter
• Customers: ~135 million+ across Brazil, Mexico, Colombia
• Net income (Q1 2026): ~$871 million, a record first quarter
• Return on equity: ~high-20s to ~30% (historical range)
• P/E ratio: ~19x
• Market cap: ~$64 billion (stock ~$13 per share)

Figures are approximate and tied to the asOf date; verify live numbers before acting. NU trades at a premium to traditional banks on a P/E basis, which reflects its growth and high returns on equity rather than incumbent-bank multiples. The valuation already embeds continued customer growth and contained credit losses, so the figures matter most as a gauge of how much optimism is priced in.

If you want NU exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

There are three common ways to get NU exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (ARKF), which spreads the position across many companies. Or build it into a focused thematic basket, so NU sits alongside other stocks that express the same thesis.

Walnut takes the basket route. Describe a thesis where NU fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

Nu Holdings today is a profitable, fast-growing digital bank serving more than 135 million customers across Brazil, Mexico, and Colombia, with Q1 2026 revenue crossing ~$5 billion in a single quarter and historical returns on equity in the high-20s to ~30% range. The main driver is adding customers and then deepening how much each one banks, borrows, and deposits. If you believe Latin American banking keeps migrating to its app and credit stays manageable, the question becomes sizing and overlap with any emerging-market or Brazil exposure you already hold, not timing; the risk is that the consumer credit cycle turns and provisions climb faster than revenue.

Whether NU is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is NU a buy?, and where the stock could go from here in the NU stock forecast.

For income investors, whether NU pays a dividend and how the payout looks is covered in does NU pay a dividend?