Nubank: net income 2024| ��ƽ��

Net income of Nubank from 2015 to 2024 (in million U.S. dollars)

Characteristic	Net income in million U.S. dollars
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Release date

February 2025

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Region

Brazil, Colombia, Mexico

Survey time period

2015 to 2024

Supplementary notes

Figures were taken from several publications. Data prior to 2019 were converted from Brazilian reals to U.S. dollars based on end-of-year exchange rates.

Figures are rounded.

Citation formats

In 2024, the Brazilian neobank Nubank reported a net income of approximately *** billion U.S. dollars, marking a sharp increase from the *** billion U.S. dollars recorded the previous year. This made 2024 the fourth year since 2015 in which Nubank achieved a positive net income. Additionally, the neobank generated over ** billion U.S. dollars in operating revenue during the year.

The development of fintech in Latin America

With over *** billion U.S. dollars raised in 2023, the venture capital investment into fintechs startups in Latin America grew drastically since 2016, though investment activity declined sharply in recent years. In 2024, there were over fintechs in the region, mostly concentrated in Brazil and Mexico, the largest economies in Latin America.

Brazil as a fintech market leader

Indicated also by its lead in insurance technology, Brazil is a significant player in the regional fintech market. Additionally, as Brazilian consumers have increasingly switched to more online platforms, they have also become a more welcoming consumer population for mobile services, including financial services.