Last 22 quarters of trend data · Financial Services · Banks - Diversified
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Nu Holdings Ltd.'s quarterly P/E stands at 20.0x, down 14.2% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 21.6% YoY to 13.7x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 21.91 | 19.96 | 23.25 | 25.02 | 26.38 | 23.27 | 23.55 | 31.02 | 32.29 | 38.48 | 28.03 | 29.05 | 42.51 |
| — | -14.2% | -1.3% | -19.4% | -18.3% | -39.5% | -16.0% | +6.8% | -24.0% | -4.9% | — | -95.8% | — | |
| P/S Ratio | 3.88 | 3.54 | 4.37 | 4.70 | 4.56 | 3.86 | 4.36 | 5.84 | 5.72 | 5.52 | 4.40 | 4.12 | 5.32 |
| — | -8.2% | +0.2% | -19.4% | -20.2% | -30.2% | -1.0% | +41.7% | +7.6% | +48.7% | +25.4% | -3.9% | +32.0% | |
| P/B Ratio | 5.51 | 5.60 | 7.26 | 7.44 | 7.02 | 5.82 | 6.51 | 8.73 | 9.09 | 8.57 | 6.32 | 5.98 | 6.77 |
| — | -3.7% | +11.4% | -14.8% | -22.7% | -32.1% | +3.1% | +46.0% | +34.2% | +94.6% | +59.8% | +33.9% | +83.6% | |
| P/FCF | 17.62 | — | 18.64 | — | 6.76 | 12.49 | 9.77 | — | 5.93 | — | 3.78 | — | 5.80 |
| — | — | +90.8% | — | +14.0% | — | +158.4% | — | +2.3% | — | -84.3% | — | -43.4% | |
| EV / EBITDA | 13.05 | 13.75 | 16.36 | 14.08 | 14.51 | 11.30 | 11.75 | 18.65 | 17.06 | 19.61 | 12.25 | 15.92 | 22.62 |
| — | +21.6% | +39.3% | -24.5% | -15.0% | -42.4% | -4.2% | +17.2% | -24.6% | +19.9% | — | -95.4% | — | |
| EV / EBIT | 13.38 | 14.22 | 16.73 | 14.41 | 14.89 | 11.60 | 12.07 | 19.15 | 17.49 | 20.24 | 12.62 | 16.66 | 23.59 |
| — | +22.6% | +38.6% | -24.8% | -14.9% | -42.7% | -4.3% | +14.9% | -25.9% | +17.4% | — | -98.1% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Nu Holdings Ltd.'s operating margin was 19.2% in Q1 2026, down 3.8 pp QoQ and down 5.3 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 23.2% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 5.4% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.8% | 40.2% | 44.3% | 46.6% | 44.6% | 42.4% | 45.7% | 46.3% | 48.2% | 43.5% | 47.9% | 42.8% | 41.9% |
| — | -5.4% | -3.0% | +0.8% | -7.5% | -2.4% | -4.6% | +8.1% | +15.0% | +6.8% | +19.0% | +31.7% | +34.3% | |
| Operating Margin | 24.4% | 19.2% | 22.9% | 26.7% | 23.9% | 24.5% | 26.9% | 25.3% | 26.4% | 21.9% | 24.4% | 19.3% | 18.0% |
| — | -21.8% | -14.7% | +5.6% | -9.5% | +11.7% | +10.2% | +31.5% | +46.3% | +38.9% | +251.3% | +4568.0% | +894.3% | |
| Net Margin | 18.1% | 17.5% | 19.0% | 18.7% | 17.3% | 17.2% | 19.3% | 19.4% | 17.7% | 14.4% | 15.7% | 14.2% | 12.5% |
| — | +2.0% | -1.9% | -3.2% | -2.4% | +19.5% | +23.1% | +36.6% | +41.6% | +56.3% | +172.6% | +2141.2% | +556.9% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 30.2% | 7.3% | 8.2% | 7.8% | 7.0% | 6.9% | 7.2% | 7.6% | 7.1% | 5.7% | 5.9% | 5.3% | 4.1% |
| — | +6.4% | +12.9% | +2.3% | -1.4% | +19.5% | +23.1% | +44.6% | +71.3% | +104.3% | +195.1% | +3082.7% | +764.8% | |
| ROA | 4.6% | 1.1% | 1.2% | 1.2% | 1.1% | 1.1% | 1.1% | 1.2% | 1.1% | 0.9% | 0.9% | 0.9% | 0.7% |
| — | +7.0% | +11.1% | +0.8% | -0.9% | +23.2% | +22.8% | +35.4% | +54.2% | +82.1% | +185.8% | +2757.8% | +693.5% | |
| ROIC | 23.1% | 4.4% | 5.4% | 6.6% | 5.9% | 6.3% | 6.7% | 6.4% | 6.5% | 5.4% | 5.7% | 4.5% | 3.9% |
| — | -29.8% | -20.1% | +2.8% | -8.6% | +16.2% | +17.5% | +41.9% | +68.3% | +74.3% | +288.1% | +6080.6% | +1167.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Nu Holdings Ltd.'s Debt/EBITDA ratio is 3.2x, down from 4.7x last quarter — at a moderate level that warrants monitoring. The current ratio has weakened 10.3% YoY to 0.83x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.46 | 0.25 | 0.46 | 0.30 | 0.24 | 0.20 | 0.12 | 0.13 | 0.21 | 0.23 | 0.18 | 0.22 | 0.16 |
| — | +24.9% | +297.0% | +123.2% | +14.9% | -13.5% | -36.4% | -38.9% | +27.2% | +48.8% | +11.0% | +93.3% | +52.0% | |
| Debt / EBITDA | 1.31 | 3.20 | 4.71 | 2.73 | 2.55 | 2.12 | 1.12 | 1.36 | 1.95 | 2.65 | 2.03 | 2.96 | 2.75 |
| — | +50.8% | +319.2% | +100.6% | +31.0% | -19.9% | -44.5% | -54.0% | -29.1% | -16.4% | — | -92.9% | — | |
| Current Ratio | 0.59 | 0.83 | 0.59 | 0.88 | 0.89 | 0.93 | 0.96 | 0.99 | 0.99 | 1.04 | 1.08 | 1.11 | 1.10 |
| — | -10.3% | -38.0% | -10.5% | -10.0% | -11.2% | -11.7% | -10.8% | -9.5% | -6.0% | -3.1% | +2.8% | +2.3% | |
| Quick Ratio | 0.59 | 0.83 | 0.59 | 0.88 | 0.89 | 0.93 | 0.96 | 0.99 | 0.99 | 1.04 | 1.08 | 1.11 | 1.10 |
| — | -10.3% | -38.0% | -10.5% | -10.0% | -11.2% | -11.7% | -10.8% | -9.5% | -6.0% | -3.1% | +2.8% | +2.3% | |
| Interest Coverage | 0.85 | 0.75 | 0.79 | 0.88 | 0.85 | 0.89 | 1.03 | 0.95 | 1.09 | 0.88 | 0.92 | 0.77 | 0.71 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying NU stock.
Nu Holdings Ltd.'s current P/E is 21.9x. The average P/E over the last 4 quarters is 23.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Nu Holdings Ltd.'s current operating margin is 24.4%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Nu Holdings Ltd.'s business trajectory between earnings reports.