NerdWallet Q2 revenue beats estimates; adjusted EBITDA misses

NerdWallet

06/08/2026 21:20

Overview
Personal finance platform's Q2 revenue rose 6% yr/yr, beating analyst expectations
Q2 adjusted EBITDA declined 31% yr/yr and missed analyst estimates
Consumer revenue growth offset by SMB revenue decline and ongoing organic search traffic pressures

Outlook
NerdWallet expects Q3 revenue of $244-$260 mln, up 17% YoY at midpoint
Company adjusts 2026 annual GAAP operating income forecast to $65-$80 mln
NerdWallet adjusts 2026 adjusted EBITDA forecast to $131-$147 mln

Result Drivers
PERSONAL LOANS - Consumer segment revenue rose, driven by expanded personal loan offerings to a broader range of borrowers
DEPOSIT ACCOUNTS - Higher deposit account revenue attributed to partners expanding budgets
ORGANIC SEARCH TRAFFIC - Declines in consumer credit card and SMB revenue attributed to continued pressures in organic search traffic

Company press release: ID:nBwbLSY7ta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$197.30 mln
$195.30 mln (5 Analysts)
Q2 Net Income
 
$4.30 mln
 
Q2 Adjusted EBITDA
Miss
$23.10 mln
$23.48 mln (4 Analysts)
Q2 Pretax Profit
 
$7.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $12.00, about 32.2% above its August 5 closing price of $9.08
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

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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.)