NerdWallet Inc. Class A Common Stock Earnings Recaps
Q1 2026
May 8, 2026
Shares dropped 10.3% after earnings as investors reacted poorly to a cautious outlook and margin pressure driven by weaker-than-expected monetization in the auto insurance vertical and a more conservative lower bound on full-year non-GAAP operating income guidance.
Key takeaways
- Revenue rose 6% year-over-year to $222 million, supported by strong growth in Consumer banking and personal loans, but offset by declines in credit cards and SMB segments.
- SMB revenue declined 15% year-over-year due to ongoing organic search headwinds.
- Non-GAAP operating income of $34 million (15% margin) set a Q1 record but involved higher performance marketing spend partially offset by lower brand marketing.
- Management lowered the lower end of full-year NGOI guidance to $85 million, citing weaker auto insurance partner monetization impacting Q1 and expected to weigh further in Q2.
- The company is intensifying investments in its branded insurance agency and technology integration, acknowledging near-term margin pressure but aiming to build long-term growth avenues.
Q3 2025
Nov 8, 2025
NerdWallet demonstrated strong financial performance in Q3 2025, surpassing revenue and profitability expectations driven by significant growth in banking and personal loans while maintaining focus on operational efficiency.
Key takeaways
- Total revenue increased by 12% year-over-year to $215 million, exceeding guidance of $189 million to $197 million.
- Non-GAAP operating income reached $41 million, well above the target range of $23 million to $27 million, supported by improved efficiency and conservative expense management.
- Banking revenue surged 96% year-over-year and personal loans grew 91%, offsetting declines in SMB products and credit cards due to organic search challenges.
- The company executed $19 million in share repurchases, reinforcing confidence in its long-term prospects.
- For Q4, revenue is anticipated to be between $207 million and $215 million, amid continued high growth in banking and personal loans.