Nubank experienced a significant growth in its operating expenses between 2020 and 2024. In 2024, the Brazilian challenger bank's total operating expenses amounted to over *** billion U.S. dollars, which was a notable increase compared to the 2020 when it was recorded at around *** million U.S. dollars. At the same time, the number of customers at Nubank increased sharply as well.
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Nubank. (February 20, 2025). Total operating expenses of Nubank from 2020 to 2024 (in million U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 24, 2026, from /statistics/1550647/brazil-nubank-total-operating-expenses/
Nubank. "Total operating expenses of Nubank from 2020 to 2024 (in million U.S. dollars)." Chart. February 20, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 24, 2026. /statistics/1550647/brazil-nubank-total-operating-expenses/
Nubank. (2025). Total operating expenses of Nubank from 2020 to 2024 (in million U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 24, 2026. /statistics/1550647/brazil-nubank-total-operating-expenses/
Nubank. "Total Operating Expenses of Nubank from 2020 to 2024 (in Million U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 20 Feb 2025, /statistics/1550647/brazil-nubank-total-operating-expenses/
Nubank, Total operating expenses of Nubank from 2020 to 2024 (in million U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1550647/brazil-nubank-total-operating-expenses/ (last visited July 24, 2026)
Total operating expenses of Nubank from 2020 to 2024 (in million U.S. dollars) [Graph], Nubank, February 20, 2025. [Online]. Available: /statistics/1550647/brazil-nubank-total-operating-expenses/
