Chime Financial (CHYM) Q2 2026 earnings summary

Executive summary

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

• Adjusted EBITDA margin expanded to 15%, up 12 percentage points year-over-year, with adjusted EBITDA of $102M and net income of $28M (4% margin).

• Chime Prime launch accelerated engagement, wallet share, and ARPAM, especially among higher-income segments.

• Announced a 10% workforce reduction in July 2026 to drive efficiency and operating leverage.

• Raised full-year 2026 guidance for both 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; adjusted EBITDA: $102M (15% margin); transaction profit: $492M (73% margin).

• Active Members: 10.4M, up 20% year-over-year; ARPAM: $260, up 6% year-over-year; Purchase Volume: $38B, up 17% year-over-year.

• MyPay origination volumes hit $4.5B, with transaction profit tripling to $73M and loss rates at 0.9%.

• Instant Loan originations grew nearly 70% quarter-over-quarter to $300M, with up to 50% lower loss rates for repeat borrowers.

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

Outlook and guidance

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

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

• Expect to add 1.8M net new Active Members in 2026, above the original goal of 1.4M.

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

• A reorganization plan will incur $16–20M in restructuring charges, partially offset by $9–12M in non-cash stock-based compensation reversal.