Nu Holdings (NU) stock climbed 4.0% in Thursday after-hours trading after the fintech, known for its NuBank digital bank, delivered strong Q3 results, as its app attracted new customers who stayed engaged.
Q3 GAAP EPS of $016, beating the average analyst estimate of $0.15, rose from $0.13 in Q2 and $0.11 in last year’s Q3.
Q3 revenue of $4 17B, topping the $4.04B consensus, increased from $3.67B in the prior quarter and $2.94B a year ago.
“In Q3’25, we continued our strong trajectory of growth, expanding our customer base to 127M with over 4M net additions, and maintaining an activity rate above 83%,” said CEO David Vélez. “This solid growth and deeper engagement drove record revenues to over $4B and delivered $783M in net income.”
Q3 forex-neutral net interest income of $2.30B grew from $2.10B in Q2 and $1.71B in Q3 2024.
Operating expenses of $697.1M climbed from $667.6M in the previous quarter and $624.8M in last year’s Q3, the company said.
Purchase volume of $36.5B, vs. the Visible Alpha consensus of $35.8B, climbed from $33.3B in Q2 and $30.4B in Q3 2024.
NuBank (NU) added 4.3M customers in Q3 to 127.0M total customers, representing growth of 3.5 % Q/Q and 16% Y/Y.
Total originations grew to $4.2B from $3.6B in Q2 and $2.9B in last year’s Q3.
Monthly average revenue per active customer of $13.4 increased from $12.2 in the previous quarter and $11.2 in the year-ago quarter.