Chime Financial (CHYM) Q2 2026 earnings summary

Executive summary

• Achieved 27% year-over-year revenue growth to $670M in Q2 2026, with 20% Active Member growth to 10.4M and a second consecutive quarter of GAAP profitability.

• Chime Prime launch accelerated growth in higher-income segments, boosting ARPAM and engagement.

• Adjusted EBITDA margin expanded to 15%, up 12 points year-over-year, with adjusted EBITDA of $102M, up 535% year-over-year.

• Announced a 10% workforce reduction to streamline operations, incurring $16–$20M in restructuring charges, expected to improve efficiency.

• Raised full-year 2026 guidance for revenue and adjusted EBITDA, expecting to remain GAAP profitable each quarter.

Financial highlights

• Q2 2026 revenue: $670M (+27% year-over-year); gross profit: $595M (89% margin); net income: $28M (4% margin); adjusted EBITDA: $102M (15% margin).

• Transaction profit: $492M (+36% year-over-year, 73% margin); ARPAM: $260 (+6% year-over-year); purchase volume: $38.0B (+17% year-over-year).

• MyPay transaction profit tripled year-over-year to $73M; Instant Loan originations grew nearly 70% quarter-over-quarter to $300M.

• Payments revenue grew 17% to $430M; platform-related revenue up 48% to $240M.

• Operating expenses fell 59% year-over-year in Q2 2026, primarily due to lower stock-based compensation.

Outlook and guidance

• Q3 2026 revenue expected between $680M–$690M (25–27% growth); adjusted EBITDA $105M–$110M (15–16% margin).

• Full-year 2026 revenue guidance raised to $2.725B–$2.745B (25–26% growth); adjusted EBITDA $465M–$475M (17% margin).

• Expect to add 1.8M net new active members in 2026, up from original 1.4M target.

• Payroll costs expected to remain flat in 2027 due to restructuring.

• Anticipate a net reduction in stock-based compensation expense of $9–12M in Q3 2026 due to the reorganization.