Chime Financial Q2 revenue beats estimates, outlook raised
Chime Financial Q2 revenue beats estimates, outlook raised
Overview
US fintech platform's Q2 revenue rose 27% yr/yr, beating analyst expectations
Company posted second straight quarter of GAAP profitability with $28 mln net income
Chime raised full-year 2026 revenue and adjusted EBITDA outlook
Outlook
Chime raises 2026 revenue outlook to $2.725-$2.745 bln, up 25-26% year over year
Company expects 2026 adjusted EBITDA of $465-$475 mln, with 17% adjusted EBITDA margin
Chime sees Q3 revenue between $680 mln and $690 mln; adjusted EBITDA $105-$110 mln
Result Drivers
CHIME PRIME LAUNCH - Launch of Chime Prime membership tier fueled acceleration in Active Member, Purchase Volume, and ARPAM growth
HIGHER-INCOME MEMBER ENGAGEMENT - Increased deposits and engagement from higher-income members boosted purchase volume and payments revenue
PRODUCT EXPANSION - New offerings like Chime Invest and growth in MyPay and Instant Loans supported platform-related revenue growth
Company press release: ID:nBw6kvnNfa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $669.77 mln | $640.41 mln (17 Analysts) |
Q2 Net Income |
| $27.85 mln |
|
Q2 Income from Operations | Beat | $21.32 mln | $20.84 mln (9 Analysts) |
Q2 Gross Profit |
| $594.87 mln |
|
Q2 Pretax Profit |
| $28.06 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "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 20.2% above its August 4 closing price of $24.95
The stock recently traded at 45 times the next 12-month earnings vs. a P/E of 67 three months ago
Reuters Recommended Reads
Aug 4 - Payments firm FIS shares slide after outlook cut
Aug 3 - Paymentus Q2 revenue beats expectations on higher billers, transaction volume
Aug 5 - Global Payments cuts annual forecasts as Middle East conflict hits travel spending
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.)