Nu Holdings Ltd. (NUSTOCK) financials

NYSE · Financial Services · Banks - Regional · 8,037 employees · CEO David Velez Osorno

Price: $11.61 -3.65%
Market cap: $56.1B
Enterprise value: $78.5B
Last report: Q2 '26 filed 2026-08-13
Next report: 2026-11-12

Revenue (TTM)$19.4B+53.2% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)22.6%-2.4 pp vs a year agoOperating income $4.38B

Net income (TTM)$3.61B+56.8% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)-$4.22B-215.3% vs a year agoCapex -$58.7M

Diluted EPS (TTM)$0.74+60.9% vs a year agoSum of the last 4 quarters

Net cash-$8.75B-134.8% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $56.1B
Revenue: $19.4B
Revenue growth: +43%
Profit margin: 18.6%
P/E: 15.7×
P/S: 2.9×
EV / EBITDA: 17.4×
Free cash flow: -$4.22B
Net income: $3.61B
Revenue estimate: $22.7B
Earnings: 2026-11-12
Dividend: –

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Revenue growth steady: 49.9% year on yearQ2 '26 revenue $5.52B, against an average of 49.5% over the four quarters before.
Operating margin 22.6% (TTM), -2.4 pp on a year agoOperating income grew 38.5% while revenue grew 53.2%.
Capex 0.3% of revenue (a year ago 2.2%)$58.7M invested in the last 4 quarters (-79.3% on a year earlier). Free cash flow -$4.22B = -116.9% of net income.
Diluted share count up 0.1% in a year4.9B diluted shares in Q2 '26, 4.9B a year earlier.
Net debt $8.75BCash + short-term investments $33.3B, debt incl. leases $42B; a year ago net cash $25.2B.

Last quarter: Q2 '26

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q2 '26	Year ago	Change
Revenue	$5.52B	$3.68B	+49.9%
Gross margin	45.3%	44.6%	+0.7 pp
Operating income	$1.24B	$879M	+40.6%
Operating margin	22.4%	23.9%	-1.5 pp
Net income	$1.06B	$637M	+66.5%
Diluted EPS	$0.22	$0.13	+69.2%
Operating cash flow	-$2.92B	$2.55B	-214.4%
Capex	$11.7M	$70.4M	-83.4%
Free cash flow	-$2.93B	$2.48B	-218.1%
R&D	$0	$0	–
Stock-based compensation	$134M	$57.1M	+135.6%

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: -$4.27B
Capex: $58.7M
Buybacks: -$500M
Dividends: $0
Acquisitions: -$1.54M
Net debt issued: $2.1B
Stock-based compensation: $354M
Free cash flow: -$4.22B
Returned to shareholders / FCF: -11.9%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	15.7×	30.5× 3 of 5 years	25.3× – 37.9×
EV / EBITDA	17.4×	15.9× 3 of 5 years	12.8× – 17.9×
EV / Sales	4.1×	8.3×	2.9× – 27.0×
Price / FCF	-13.3×	27.9× 4 of 5 years	22.3× – 36.2×
Price / Book	4.3×	6.7×	3.9× – 9.7×
FCF yield	-7.5%	1.6%	-6.8% – 4.5%
Return on invested capital	4.4%	7.3%	-4.4% – 17.1%
Return on equity	30.3%	11.2%	-7.5% – 25.8%

Analysts

Consensus target $17.36 (+49.5%)
range $13.00 – $20.50 · rating Buy

Strong buy0

Buy13

Hold9

Sell1

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	$22.7B	+43.2%	$0.87	+50.7%	13.3×	13
FY2027	$28.2B	+24.1%	$1.14	+30.0%	10.2×	13
FY2028	$35.2B	+24.6%	$1.47	+29.7%	7.9×	12
FY2029	$30.9B	-12.1%	$1.79	+21.4%	6.5×	9

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02