Revenue growth of Nubank 2021-2024, by quarter
Nubank's revenue growth fluctuated significantly between 2021 and 2024, with an overall decreasing - but still positive - trend in 2023 and 2024. Starting with impressive 214 percent growth in the fourth quarter of 2021, the company's revenue surged consistently through the first quarter and second quarter of 2022, peaking at 258 percent and 244 percent, respectively. However, the growth rate decelerated notably in the subsequent quarters, dropping to 85 percent in the first quarter of 2023 and to 61 percent in the second quarter of 2023. In the second part of 2023, revenue growth increased slightly.