Nubank quarterly revenue growth 2021-2024

Nubank experienced volatile revenue growth between 2021 and 2024, characterized by a decelerating but still positive trajectory. The company began with an impressive 214 percent growth in the fourth quarter of 2021, followed by strong performances in early 2022, with revenue growth peaking at 258 percent in the first quarter and 244 percent in the second quarter. Subsequently, the growth rate began to moderate significantly. By the first quarter of 2023, growth had slowed to 85 percent, further declining to 61 percent in the second quarter of 2023. There was a slight uptick in growth during the latter half of 2023, offering a brief respite from the downward trend. However, 2024 saw a continuation of the decelerating growth pattern, with revenue increases continuing to diminish.