Green Dot Q1 operating revenue rises 17%, adjusted EPS beats estimates

Green Dot

11/05/2026 21:22

Overview

US fintech and bank's Q1 operating revenue rose 17% yr/yr

Adjusted EPS rose 6% and beat analyst expectations

Company preparing for acquisition by Smith Ventures and CommerceOne

Outlook

Green Dot will not provide 2026 financial guidance due to pending acquisition by Smith Ventures and CommerceOne

Result Drivers

TAX PROCESSING STRENGTH - Q1 revenue growth was driven by strong performance in tax processing, supported by a robust start to the tax season and the launch of a new franchise partner

B2B SERVICES GROWTH - Higher demand and activity in BaaS, led by a significant partner and growth across the broader portfolio, contributed to segment profit growth

COST DISCIPLINE - Modestly lower operating expenses helped drive bottom-line results, according to CFO Jess Unruh

Company press release: ID:nBw3WmQSVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating Revenue
$656.25 mln
Q1 Adjusted EPS
Beat
$1.12
$0.88 (3 Analysts)
Q1 EPS
$0.93
Q1 Adjusted Net Income
Beat
$64.97 mln
$45.09 mln (2 Analysts)
Q1 Net Income
$53.75 mln
Q1 Adjusted EBITDA
Beat
$102.44 mln
$81.61 mln (3 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the consumer lending peer group is "buy."

Wall Street's median 12-month price target for Green Dot Corp is $16.13, about 27.8% above its May 8 closing price of $12.62

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 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.)