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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Waterdrop
Waterdrop (WDH) investor relations material
Waterdrop Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary8 Sep, 2026
Executive summary
Achieved total revenue of CNY 1.45 billion in Q2 2026, up 72.8% year-over-year, with net profit attributable to shareholders of CNY 130 million and 18 consecutive quarters of profitability.
Growth driven by insurance business, medical crowdfunding, and digital clinical trial solutions, all supported by deep AI integration.
Board approved a $0.03 per ADS cash dividend and a new $50 million share repurchase program.
Financial highlights
Net operating revenue reached CNY 1,448 million, up 72.8% year-over-year.
Insurance business contributed CNY 1,333 million, up 80.5% year-over-year and 15.4% quarter-over-quarter.
Operating profit was CNY 111 million, up 14.3% year-over-year and 39.2% quarter-over-quarter.
Net profit attributable to shareholders was CNY 126 million, down 10.3% year-over-year but up 27.9% quarter-over-quarter.
Cash and equivalents totaled CNY 2.653 billion as of June 30, 2026.
Outlook and guidance
Targeting over 40% year-over-year growth in total revenue and over 10% growth in operating profit for full year 2026.
Continued investment in AI and global market initiatives, with limited near-term financial impact.
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Latest events from Waterdrop
- Annual revenue and profit declined, but profitability continued and a special dividend was approved.WDH
Q4 2023 - Q1 2026 revenue surged 64.8% year-over-year, led by insurance and AI-driven growth.WDHQ1 2026
- FY2025 revenue up 43.5%, net profit up 64.8%, with strong AI-driven insurance growth.WDHQ4 2025
- Record Q3 2025 revenue and strong profit growth fueled by digital insurance and AI innovation.WDHSidoti's Year End Virtual Investor Conference
- Net profit surged over 150% year-over-year, driven by insurance growth and AI advancements.WDHQ3 2024
- Net profit jumped 307% year-over-year, with margin gains and strong capital returns.WDHQ2 2024
- Net profit jumped 62.2% and revenue rose 16.3% in Q1 2024, led by insurance and healthcare.WDHQ1 2024
- Q1 net profit up 34.2% and revenue up 7%, led by insurance and digital health growth.WDHQ1 2025
- Net profit more than doubled in 2024, with strong growth in insurance and crowdfunding.WDHQ4 2024
Next Waterdrop earnings date
Q3 20262 Dec, 2026
Waterdrop
Next Waterdrop earnings date
Q3 20262 Dec, 2026
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Frequently asked questions
Waterdrop Inc. is a technology platform dedicated to providing insurance and healthcare services. The company's primary business involves offering a wide range of insurance products, including life, health, and accidental insurance. Waterdrop leverages technology to simplify the insurance purchasing process, making it more accessible and efficient for users. In addition to insurance, Waterdrop provides healthcare-related services, such as medical crowdfunding and online healthcare consultation, aiming to address the diverse needs of its customers. The company serves various sectors by integrating insurance and healthcare solutions to enhance the overall customer experience. Waterdrop Inc. is headquartered in Beijing, China, and its shares are listed on the NYSE.