NerdWallet Q1 revenue up 6%

NerdWallet

06/05/2026 21:51

Overview

Personal finance platform's Q1 revenue rose 6% yr/yr but missed analyst expectations

Q1 adjusted EBITDA beat analyst expectations

Banking and personal loans growth offset auto insurance and search traffic headwinds

Outlook

NerdWallet expects Q2 revenue between $186 mln and $202 mln, up 4% YoY at midpoint

Company expects Q2 GAAP operating income of $1 mln to $9 mln

NerdWallet adjusts 2026 annual GAAP operating income outlook to $65 mln-$90 mln

Result Drivers

CONSUMER SEGMENT GROWTH - Higher deposit account and personal loan revenue, as partners expanded budgets, drove consumer revenue growth

SEARCH TRAFFIC PRESSURE - Declines in consumer credit card and SMB revenue were mainly due to ongoing pressures in organic search traffic

Company press release: ID:nBwbfXkVca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$222.20 mln
$228.14 mln (6 Analysts)
Q1 EPS
$0.29
Q1 Net Income
$20.40 mln
Q1 Adjusted EBITDA
Beat
$45.20 mln
$39.42 mln (5 Analysts)
Q1 Pretax Profit
$28 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and 1 "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 NerdWallet Inc is $15.00, about 37.7% above its May 5 closing price of $10.89

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 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.)