Nu stock spikes after Q2 revenue beat reflects customer growth, purchase volume

[Fintech concept]
Jirsak/iStock via Getty Images

Nu Holdings (NYSE:NU [https://seekingalpha.com/symbol/NU]) shares jumped 12% in Friday morning trading in the U.S. after the Brazilian fintech turned in second-quarter sales that surpassed Wall Street expectations on the back of strong customer growth and purchase volume.

Q2 revenue [https://seekingalpha.com/pr/20202114-nu-holdings-ltd-reports-second-quarter-2025-financial-results] of $3.67B, topping the $3.64B average analyst estimate, climbed from $3.25B in Q1 and $2.85B a year earlier.

Net interest income gained 11% Q/Q and 33% Y/Y to a record high of $2.1B in Q2.

Operating expenses were $667.6M, up from $634.0M in Q2 2024.

Purchase volume rose to $33.3B from $30.3B in the prior quarter and $31.3B in 2024's Q2.

The company added 4.1M customers during the quarter, representing a 17% Y/Y increase and bringing total customers to 122.7M.

Monthly average revenue per active customer was $12.2 in Q2 vs. $11.2 in both Q1 2025 and Q2 2024.

NU's (NYSE:NU [https://seekingalpha.com/symbol/NU]) net income has nearly tripled to $637M in the past two years, noted Founder and CEO David Vélez. "These results come despite our ongoing investments in growth," he added.

MORE ON NU HOLDINGS

* Nu Holdings Ltd. 2025 Q2 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4813937-nu-holdings-ltd-2025-q2-results-earnings-call-presentation]
* Nu Holdings Ltd. (NU) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4813936-nu-holdings-ltd-nu-q2-2025-earnings-call-transcript]
* Why Nu Holdings Remains A Buy Amid Brazil's Economic Uncertainty [https://seekingalpha.com/article/4811788-why-nu-holdings-remains-a-buy-amid-brazils-economic-uncertainty]
* Nu Holdings outlines $3.7B quarterly revenue and major leadership hires as growth accelerates across Latin America [https://seekingalpha.com/news/4485857-nu-holdings-outlines-3_7b-quarterly-revenue-and-major-leadership-hires-as-growth-accelerates]
* These foreign financial stocks are winners in 2025 and might have more room to run [https://seekingalpha.com/news/4466267-these-foreign-financial-stocks-are-winners-in-2025-and-might-have-more-room-to-run]