Clear Secure | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 277.76 M

Revenue: As of FY2026 Q2, the actual value is USD 277.76 M, beating the estimate of USD 269.45 M.

EPS: As of FY2026 Q2, the actual value is USD 0.49, beating the estimate of USD 0.385.

EBIT: As of FY2026 Q2, the actual value is USD 82.95 M.

Second Quarter 2026 Financial Highlights

Clear Secure, Inc. reported revenue of $277.8 million, marking a 26.6% year-over-year increase. Total Bookings grew by 32.8% to $295.9 million. Operating income was $83.0 million, representing a 29.9% operating income margin. Net income reached $72.3 million, with a net income margin of 26.0%. Adjusted EBITDA was $101.1 million, achieving a 36.4% Adjusted EBITDA margin, which represents a 900 basis point expansion year-over-year and exceeds the long-term target of 35%.

Cash Flow

Net cash provided by operating activities was $201.2 million. Free Cash Flow amounted to $189.0 million.

Capital Allocation Activities

Approximately $22.2 million was returned to shareholders in the second quarter of 2026, including a regular quarterly dividend and distributions. The Board of Directors declared a quarterly cash dividend of $0.15 per share, payable on September 24, 2026, to shareholders of record as of September 10, 2026.

Operational Metrics

Total CLEAR Members grew by 30.0% year-over-year to 43.5 million as of June 30, 2026. Active CLEAR+ Members increased by 15.2% year-over-year to 8.3 million by the same date. Clear Secure, Inc. expanded its CLEAR+ airport network to 62 locations, including new launches in Northwest Arkansas (Bentonville) and Indianapolis. The company also operated 280 retail locations offering TSA PreCheck® Enrollment Provided by CLEAR as of June 30, 2026. eGates were launched across 50 airports and are on track for a network-wide rollout in 2026, while CLEAR Concierge is now available at 39 airports.

Outlook / Guidance

For the third quarter of 2026, Clear Secure, Inc. projects revenue between $284 million and $287 million, representing 24.6% year-over-year growth at the midpoint. Total Bookings are expected to range from $311 million to $316 million, indicating 20.5% year-over-year growth at the midpoint. The full year 2026 Free Cash Flow guidance was increased from at least $465 million to at least $480 million, signifying at least 39.9% year-over-year growth.