Nu Holdings (NU) Revenue by Type

Breaks down revenue by different streams, revealing which areas are driving growth and diversification of income sources.

Interest income has become Nu’s dominant growth engine as the credit book scaled and NII/NIM expanded, while fee and commission income is rising steadily but remains a much smaller, more linear contributor—recent fee acceleration reflects ARPAC gains, SME traction and better monetization in Mexico. Management’s commentary flags that higher upfront provisioning, seasonality and deposit dynamics have compressed risk‑adjusted margins this quarter, so the key investor question is whether provisioning normalizes and funding costs stabilize so interest-driven revenue converts into durable, margin-accretive earnings.