Revenue: As of FY2026 Q2, the actual value is USD 197.3 M, beating the estimate of USD 195.24 M.

EPS: As of FY2026 Q2, the actual value is USD 0.07, missing the estimate of USD 0.072.

EBIT: As of FY2026 Q2, the actual value is USD 7.3 M.

Second Quarter 2026 Financial Highlights

NerdWallet, Inc. reported total revenue of $197.3 million for the second quarter ended June 30, 2026, marking a 6% increase year-over-year from $186.9 million in the prior year period. GAAP income from operations was $7.0 million, a decrease of -35% from $10.7 million in the second quarter of 2025. GAAP net income was $4.3 million, down -48% from $8.2 million year-over-year. Non-GAAP operating income was $12.2 million, representing a -41% decrease from $20.7 million in the same period last year. Adjusted EBITDA for the quarter was $23.1 million, a -31% decrease from $33.6 million in the second quarter of 2025.

Segment Revenue

Consumer revenue for the second quarter of 2026 was $175.2 million, an 8% increase year-over-year, driven primarily by increases from personal loans ($12.3 million) and deposit accounts ($9.6 million), partially offset by an - $8.6 million decrease from consumer credit cards. SMB revenue was $22.1 million, a decrease of -11% year-over-year, mainly due to continued pressures in organic search traffic, partially offset by an increase in business loan originations.

Operational Costs (Three Months Ended June 30, 2026)

Total costs and expenses increased by 8% year-over-year to $190.3 million. This includes cost of revenue at $13.4 million (down -19%), research and development at $17.5 million (down -2%), sales and marketing at $145.4 million (up 14%), and general and administrative expenses at $14.0 million (up 1%).

Other Income and Income Tax Provision (Three Months Ended June 30, 2026)

Interest income was $0.4 million (down -45%), interest expense was - $0.1 million (down -3%), and other gains, net, were $0.0 million (down -71%), leading to a total other income, net, of $0.3 million (down -59%). The income tax provision was $3.0 million, a -10% decrease year-over-year.

Cash and Cash Equivalents

As of June 30, 2026, cash and cash equivalents were $62.0 million, a -41% decrease compared to $105.3 million as of June 30, 2025. Compared to December 31, 2025, cash and cash equivalents decreased from $98.3 million to $62.0 million.

Cash Flow from Operating Activities (Six Months Ended June 30, 2026)

Net cash provided by operating activities for the six months ended June 30, 2026, was $76.9 million, up from $44.2 million in the same period of 2025.

Adjusted Free Cash Flow (Twelve Months Ended June 30, 2026)

Adjusted free cash flow for the twelve months ended June 30, 2026, was $141.2 million, an increase from $70.6 million for the twelve months ended June 30, 2025.

Financial Outlook

For the third quarter of 2026, NerdWallet, Inc. expects revenue in the range of $244 million to $260 million, representing a 17% year-over-year increase at the midpoint. The company projects GAAP operating income between $22 million and $30 million, non-GAAP operating income between $29 million and $37 million, and Adjusted EBITDA between $39 million and $47 million for Q3 2026. NerdWallet, Inc. has adjusted its 2026 annual expectations, anticipating GAAP operating income between $65 million and $80 million, non-GAAP operating income between $90 million and $105 million, and Adjusted EBITDA between $131 million and $147 million.