--- title: Nu Holdings (NU) — stock overview: intrinsic value, grades and financials canonical: https://sweetvaluelab.com/stocks/nu ticker: NU as_of: 2026-11-02 sector: Financial Services industry: Banks - Regional --- # Nu Holdings (NU) Nu Holdings (NU) closed at $11.61 on Oct 30, 2026, overvalued by 23% vs model: P/TBV · justified puts it at $9.45 a share. The other 3 models range from $19.52 to $24.79, and the median analyst target is $19.00 from 5 firms. In Q2 FY2026, the latest quarter on file, revenue grew 50% on a year earlier to $5.5B, with a net margin of 19.2%. Over the twelve months to Q2 FY2026, net income was $3.6B. Among the superinvestors tracked here, Stephen Mandel added and Lee Ainslie added. Insiders sold $6.0M and made no open-market purchases over the last 90 days. The latest filing is a 6-K (current report (foreign issuer)), filed Oct 23. The valuation in full, model by model: https://sweetvaluelab.com/stocks/nu/valuation. ## Key figures | Figure | Value | | --- | ---: | | Last close | $11.61 (Oct 30, 2026) | | Model value (from the justified price to tangible book) | $9.45 | | Price vs model | overvalued by 23% vs model | | Range of that model | $8.27 – $11.02 | | Market value | $56.1B | | P/E (fiscal 2025) | 20.0 | | Net margin (fiscal 2025) | 18.1% | | Free cash flow (fiscal 2025) | $3.5B | | Dividend yield (trailing twelve months) | 0.00% | | Beta | 0.95 | | Cost of capital (WACC) | 9.14% | | Business classification | Mature & Stable (High revenue growth (~44% recent), Moderate margins (18% net margin), Highly cyclical earnings, Strong FCF yield (6.2%)) | ## The last eight quarters | Quarter | Revenue | Change on a year earlier | Net margin | | --- | ---: | ---: | ---: | | Q3 FY2024 | $2.9B | — | 19.4% | | Q4 FY2024 | $2.9B | — | 19.3% | | Q1 FY2025 | $3.2B | — | 17.2% | | Q2 FY2025 | $3.7B | — | 17.3% | | Q3 FY2025 | $4.2B | +46.1% | 18.7% | | Q4 FY2025 | $4.7B | +64.6% | 19.0% | | Q1 FY2026 | $5.0B | +53.4% | 17.5% | | Q2 FY2026 | $5.5B | +49.9% | 19.2% | Twelve months to Q2 FY2026, against the twelve before: | Line | Latest | Year before | | --- | ---: | ---: | | Revenue | $19.5B | $12.6B | | Net income | $3.6B | $2.3B | | Diluted EPS | $0.74 | $0.46 | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Near 52-week lows | #7 | +0.1% | https://sweetvaluelab.com/lists/near-52-week-lows | | Worst performing this year | #35 | −30.6% | https://sweetvaluelab.com/lists/worst-performing-this-year | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Nov 2, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | P/TBV · justified | primary | $9.45 | $8.27 | $11.02 | | P/E · peers | cross check | $19.52 | $15.78 | $30.65 | | P/E · own history | cross check | $24.79 | $19.28 | $39.40 | | PEG | sanity check | $21.86 | $21.86 | $21.86 | | Dividend discount | cross check | $0.00 | $0.00 | $0.00 | ## Wall Street analysts The median of each covering firm's latest price target is $19.00, from 5 firms — the analysts' figure, quoted, and not part of the model value above. Each firm's latest target, the current grades, the grade changes and the consensus revenue and EPS estimates: https://sweetvaluelab.com/stocks/nu/analysts (Markdown: https://sweetvaluelab.com/stocks/nu/analysts.md). ## Insider activity (SEC Form 4) Past 90 days: 0 open-market buys ($0) and 5 open-market sales ($6.0M); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Oct 23, 2026 | Junqueira Cristina Helena Zingaretti | US CEO & Chief Growth Officer | Tax withholding | 8,048 | $106,957.9 | | Oct 23, 2026 | Fragelli Henrique Camossa Saldanha | Chief Risk Officer | Tax withholding | 13,118 | $174,338.2 | | Oct 23, 2026 | Osorno David Velez | Chairman and CEO | Tax withholding | 45,690 | $607,220.1 | | Oct 23, 2026 | Young Eric | Chief Technology Officer | Tax withholding | 491,141 | $6.5M | | Oct 15, 2026 | Velez Osorno David | Chairman and CEO | Grant / award | 13,577,733 | $0 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Oct 23, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1691493/000129281426005000/nu20261023_6k.htm | | Sep 30, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1691493/000129281426004752/nu20260930_6k.htm | | Sep 10, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1691493/000129281426004518/nu20260909_6k.htm | | Sep 2, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1691493/000129281426004456/nu20260831_6k.htm | | Aug 13, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1691493/000129281426004228/nu20260813_6k1.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Stephen Mandel | 2026-06-30 | 47,219,717 | $630.9M | | Lee Ainslie | 2026-06-30 | 35,552,101 | $475.0M | | Chase Coleman | 2026-06-30 | 11,032,555 | $147.4M | | Guy Spier | 2026-06-30 | 8,977,636 | $119.9M | 6 tracked managers in all. ## About Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States. The company provides spending solutions comprising Nu credit and prepaid card, a digitally enabled card that acts as a credit and a prepaid card; Nubank+ Tier, an evolution of the Nu experience; Ultraviolet credit and prepaid card, a premium metal credit card; mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones; and Nu Shopping, an integrated marketplace that enables customers to purchase goods and services from various ecommerce retailers. It also offers transactional solutions, such as Nu Personal Accounts, a digital account solution for personal financial activities; Nu business accounts for entrepreneur customers and their businesses; and Nu business prepaid and credit… --- Source: https://sweetvaluelab.com/stocks/nu (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.