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CHYM — Chime Financial News Story

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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.)

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