SÃO PAULO - Nu Holdings Ltd. (NYSE:NU) announced today that its Board of Directors approved a share repurchase program of up to $1.0 billion of the company’s Class A ordinary shares, according to a press release statement.
The program will be conducted over a 12-month period beginning today. The company stated that its operations are generating significant capital, and the Board determined that repurchasing shares represents an attractive use of that capital.The timing appears strategic, as NU shares currently trade at $11.64, near their 52-week low of $11.20, following a 34% decline over the past six months. According to InvestingPro analysis, the stock is undervalued relative to its Fair Value, with the company trading at a P/E ratio of 17.77 while maintaining 34.5% revenue growth. InvestingPro offers 13 additional exclusive tips for NU, along with comprehensive financial health scores and detailed valuation metrics.
Nu Holdings said all growth investments across Brazil, Mexico, Colombia and the United States, including regulatory capital buffers, remain fully funded and unchanged.
Repurchases may be made from time to time in the open market in compliance with Rules 10b-18 and 10b5-1 under the Securities Exchange Act of 1934. The program does not obligate the company to repurchase any specific number of shares and may be suspended, modified, extended or discontinued at any time.
In other recent news, Nu Holdings has announced a significant change in its executive team with the appointment of Rob Livingston as Chief Financial Officer, effective July 13. Livingston, who previously held senior roles at Visa and Capital One, will replace Guilherme Lago, who will transition to a special advisor role. This leadership change comes amid a challenging period for the company, highlighted by BofA Securities downgrading Nu Holdings to Underperform from Neutral, citing concerns over the CFO transition. BofA also reduced its price target for the company from $16.00 to $10.00. Additionally, Susquehanna downgraded Nu Holdings to Neutral from Positive due to deteriorating operating margins, which fell by 760 basis points to 19.2% in the first quarter of 2026. This margin decline is attributed to the company’s credit card expansion in Brazil and its regional growth into Mexico and the United States. These developments reflect a period of strategic adjustments for Nu Holdings as it navigates its expansion plans.
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