Nubank Reports 122.7 Million Customers and 40% Revenue Growth in Q2 2025

Nu Holdings, the parent company of Nubank, reported revenues of $3.7 billion for the second quarter of 2025, a 40% increase on a foreign-exchange-neutral basis compared with the same period a year earlier, the Brazilian digital bank announced on 14 August 2025. Net income reached $637 million, also up 42% year-on-year on an FX-neutral basis.

Nubank's global customer base reached 122.7 million as of the end of the second quarter. The bank's return on equity stood at 28%.

BRAZIL

Brazil remains the largest market in Nubank's portfolio, with 107.3 million customers as of the end of Q2 2025. Of that base, 60% now use Nubank as their primary financial relationship.

Average revenue per active customer (ARPAC) crossed $12 for the first time in the quarter, rising 18% year-on-year. Nubank's product range includes personal loans, payroll-deductible loans, investment products and insurance.

OTHER MARKETS

Nubank has operations in Colombia and Mexico alongside its Brazilian home market.