NerdWallet (NRDS) Q2 2026 Earnings Call Transcript

NerdWallet Releases Q2 2026 Earnings Update

NerdWallet, a financial news and technology company, announced its second quarter 2026 earnings during an investor call today. The company reported revenue of $197 million, an 8% year-over-year increase. Non-GAAP operating income was $12 million, exceeding the company's guidance range of $6 million to $14 million.

The company attributes the revenue growth to strong demand for personal loans and deposit accounts. Personal loans saw a $12 million increase, driven by a 8% year-over-year rise. The company also noted improvements in its owned audience strategy, including vertical integration and user re-engagement efforts.

Despite a decline in consumer credit card revenue, largely due to headwinds in organic search, NerdWallet remains optimistic about its long-term objectives. The company is investing in building owned audiences and optimizing for positive in-quarter profitability for most of its business lines. In the future, the company plans to extend these investments across its business.

The company's trailing 12-month adjusted free cash flow grew 100% year-over-year to $141 million, a new record. NerdWallet does not expect to be a federal corporate taxpayer in 2026 but anticipates returning to normalized corporate taxes in Q2 or Q3 of 2027.