Chime Financial posts first quarterly profit on MyPay, loan demand

Chime Financial

06/05/2026 21:59

Overview

US fintech platform's Q1 revenue grew 25% yr/yr, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations; posts first GAAP profitability as a public company

Company announced additional $200 mln share repurchase authorization

Outlook

Chime sees 2026 revenue between $2.66 bln and $2.69 bln, up 22%-23% year-over-year

Company expects 2026 adjusted EBITDA between $416 mln and $431 mln, margin of 16%

Chime forecasts Q2 revenue between $633 mln and $643 mln, up 20%-22% year-over-year

Result Drivers

PLATFORM REVENUE GROWTH - Continued adoption of MyPay and Instant Loans drove 50% yr/yr growth in platform-related revenue

PAYMENTS MIX SHIFT - Chime Card adoption accelerated shift from debit to credit spend, increasing take rates and payments revenue

CHIME PRIME LAUNCH - New premium membership tier increased direct deposit intent and improved retention among higher-earning members

Company press release: ID:nBw4czYkza

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$647.39 mln
$635.73 mln (17 Analysts)
Q1 EPS
Beat
$0.13
$0.03 (13 Analysts)
Q1 Net Income
$53.46 mln
Q1 Income from Operations
Beat
$46.16 mln
$38.65 mln (10 Analysts)
Q1 Gross Profit
$580.31 mln
Q1 Pretax Profit
$53.91 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the financial technology (fintech) peer group is "buy"

Wall Street's median 12-month price target for Chime Financial Inc is $30.00, about 44.3% above its May 5 closing price of $20.79

The stock recently traded at 61 times the next 12-month earnings vs. a P/E of 880 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)