Nu Holdings reached 131 million customers and $1.96 billion in gross profit during the fourth quarter of 2025. Its credit portfolio expanded to $32.7 billion, driven by 32% year-over-year growth in credit card receivables. An analyst views the stock as undervalued compared to peers.
Nu Holdings, a fintech operating primarily in Brazil and Mexico, added customers rapidly to hit 131 million by the end of 2025. In Q4 2025, the company recorded $1.96 billion in gross profit, reflecting ongoing expansion in its core Latin American markets, according to a Seeking Alpha analysis published on March 16, 2026. The firm's total credit portfolio grew to $32.7 billion, with credit cards playing a key role in boosting profitability. Credit card receivables specifically increased by 32% year-over-year. Shares of Nu Holdings (NYSE:NU) currently trade at a forward price-to-earnings ratio of 11.9 times, lower than SoFi's 22.5 times. The analyst projects potential revaluation to an 18-20 times P/E multiple, suggesting a fair value of $20 to $22 per share by 2027. The author of the analysis discloses a long position in NU shares, as well as in SoFi and another unnamed stock. This perspective positions Nu Holdings as a growth bet amid fintech expansion in the region.
