NRDS

NerdWallet delivered revenue ahead of Wall Street expectations in Q2, driven by ongoing momentum in personal loans and deposit accounts, despite softness in consumer credit cards and ongoing search headwinds. Management credited stronger engagement in its vertically integrated brokering and advisory business lines as a key factor supporting top-line growth. CEO Tim Chen noted, “Product improvements unlocked significant volume growth in recent quarters, helping to drive the $12 million year-over-year increase in personal loans revenue delivered in the second quarter.” Is now the time to buy NRDS? Find out in our full research report (it’s free). Revenue: $197.3 million vs analyst estimates of $186.2 million (5.6% year-on-year growth, 6% beat) Operating Margin: 3.5%, down from 5.7% in the same quarter last year Market Capitalization: $616.9 million While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Ralph Schackart (William Blair) asked about the confidence behind ramping up IRR-based marketing investments and the expected payback durations. CFO Jun Lee explained that vertical integration is resulting in higher retention and recurring revenue, and that new investments are evaluated against internal IRR and payback benchmarks, balancing with M&A and free cash flow considerations. Ralph Schackart (William Blair) also questioned how LLM-driven traffic is converting and whether the company is finding ways to mitigate ongoing organic search headwinds. CEO Tim Chen responded that intent and conversion rates remain high for LLM-driven leads, though this remains a small but growing portion of overall traffic and investment. Michael Infante (Morgan Stanley) inquired about the long-term role of distribution in the AI era and NerdWallet’s ability to retain value versus major platforms. CEO Tim Chen stressed the critical importance of brand trust and reach, suggesting that vertical integration and strong distribution channels are central to NerdWallet’s strategy as the industry evolves. Michael Infante (Morgan Stanley) asked for more detail on the SMB segment’s challenges and whether the company will continue to invest. Tim Chen clarified that the loans portion of SMB remains a focus due to its recurring nature, while the company is testing new channels and CRM approaches for other SMB offerings. Looking ahead, the StockStory team will be watching (1) the effectiveness and ROI of increased IRR-based marketing spend and its impact on owned audience growth, (2) NerdWallet’s ability to counteract organic search and LLM-driven traffic headwinds through product and distribution innovation, and (3) stabilization and recovery in the SMB segment, particularly outside of business loans. Progress against these objectives will be critical to assessing whether the company’s strategy can deliver sustained top-line growth and improved profitability. NerdWallet currently trades at $9.51, up from $8.84 just before the earnings. At this price, is it a buy or sell? The answer lies in our full research report (it’s free for active Edge members). WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don’t just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded these businesses. But our AI platform says the party isn’t over. Find out which 9 stocks made the cut this week — FREE. Get Our Top 9 Market-Beating Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+214% between June 2020 and June 2025). Find your next big winner with StockStory today.

Image source: The Motley Fool. Thursday, Aug. 6, 2026 at 4:30 p.m. ET Co-Founder and Chief Executive Officer - Tim Chen Chief Financial Officer - John Lee Operator: Good day and thank you for standing by. Welcome to the NerdWallet, Inc. Q2 2026 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to the very first speaker today, Zach Ogle. Zach, please go ahead. Zach Ogle: Thank you, operator. Welcome to the NerdWallet Q2 2026 Earnings Call. Joining us today are Co-Founder and CEO, Tim Chen, and Chief Financial Officer, John Lee. Our press release and shareholder letter are available on our Investor Relations website, and a replay of this update will also be available following the conclusion of today's call. We intend to use our Investor Relations website as a means of disclosing certain material information and complying with disclosure obligations under SEC Regulation FD from time to time. As a reminder, today's call is being webcast live and recorded. Before we begin today's remarks and question-and-answer session, I would like to remind you that certain statements made during this call may relate to future events and expectations, and as such, constitute forward-looking statements. Actual results and performance may differ from those expressed or implied by these forward-looking statements as a result of various risks and uncertainties, including the risk factors discussed in reports filed or to be filed with the SEC. We urge you to consider these risk factors and remind you that we undertake no obligation to update the information provided on this call to reflect subsequent events or circumstances. You should be aware that these statements should not be considered a guarantee of future performance. Furthermore, during this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today's earnings press release, except where we are unable, without unreasonable efforts, to calculate certain reconciling items with confidence. With that, I will now turn it over to Tim Chen, our Co-Founder and CEO. Tim Chen: Thanks, Zach. We reported revenue of $197 million for the second quarter, up 6% year-over-year. Non-GAAP operating income, or NGOI, of $12 million was above the midpoint of our guidance range. We're in the middle of an AI transition that is changing how people get their answers to their money questions, making now an important time to check in on our long-term objectives. We're investing in building owned audiences by vertically integrating in some areas and by improving how we register and re-engage with users in others. While the story is still being written, we are confident because of the assets we have in place: a trusted brand, a large audience, healthy financials, and a strong team on an important mission. The success we are seeing in vertical integration plays across our brokering and advisory business lines is giving us conviction to start investing incremental marketing dollars based on internal rate of return, or IRR, targets rather than solely on in-quarter profitability. For the full year 2026, we expect to grow this incremental investment fivefold versus 2025. Despite the longer payback periods associated with these investments, the recurring nature of the relationships produce highly attractive IRRs. We continue to optimize for positive in-quarter profitability for most of our business lines, but in the future, we envision extending these IRR-based investments more broadly across our business. In our more traditional marketplace business, we continue to deliver more relevant and personalized offers to consumers while helping financial institutions meet their growth objectives. We are making it easier for consumers to find the financial products that best meet their needs. Product improvements unlocked significant volume growth in recent quarters, helping to drive the $12 million year-over-year increase in personal loans revenue delivered in the second quarter. Our relentless focus on efficiency is allowing us to stay nimble in this environment and to continue delivering solid profitability. We also continue to generate strong free cash flow, enabling us to fund investments in our owned audience strategy while maintaining a strong balance sheet. And now I will pass it over to John to cover our financial results in more detail. Jun Lee: Thanks, Tim. As Tim mentioned, total revenue in Q2 was $197 million, up 6% year-over-year. Consumer revenue was $175 million, up 8% year-over-year, driven by personal loans and deposit accounts as consumer demand remained strong and financial institutions expanded budgets. This was partially offset by a decline in consumer credit cards, primarily due to continued organic search headwinds. Our largest auto insurance carrier relationship has stabilized, but not yet returned to the level seen earlier in the year. As we continue to explore ways to grow with that carrier, we remain focused on scaling with other leading auto insurance carriers and expanding our in-house insurance agency, an example of our growth in owned audiences. SMB revenue was $22 million, down 11% year-over-year, driven primarily by organic search revenue declines in SMB products, partially offset by revenue growth in business loan originations. Moving to profitability, Q2 GAAP operating income was $7 million, and NGOI was $12 million at a 6% margin, above the midpoint of our guidance range of $6 million to $14 million. Q2 adjusted EBITDA was $23 million, in line with our guidance range of $19 million to $27 million. Turning to cash flow and capital allocation, our trailing 12-month adjusted free cash flow grew 100% year-over-year to $141 million, a new record. As a reminder, we were not a cash payer of federal corporate taxes during this period and received $9 million of tax refunds. We do not expect to be a federal corporate taxpayer in 2026, but expect to return to normalized corporate taxes in Q2 or Q3 of 2027. During the quarter, we repurchased $23 million of Class A common stock, bringing our repurchases over the past 12 months to $160 million. Our Q2 weighted average diluted share count was down 14% year-over-year due to our share repurchase activity. As of June 30, we had $62 million of cash and cash equivalents, up from $56 million at the end of Q1, with $67 million remaining under our share repurchase authorization. Turning to guidance, we expect to deliver third quarter revenue in the range of $244 million to $260 million, up 17% year-over-year at the midpoint. In terms of profitability, we expect non-GAAP operating income in the range of $29 million to $37 million. Our Q3 guidance reflects typical seasonality in our business, as well as expected tailwinds from regulatory changes in student loans and the impact of our College Finance acquisition in February. As a result, we expect our annual profitability to be more concentrated in the third quarter this year than in prior years. For the full year, we're narrowing our NGOI expectation to a range of $90 million to $105 million, maintaining the midpoint of our previous guidance. This guidance includes a $15 million to $20 million NGOI impact from customer acquisition spend with payback periods beyond the current year. At the midpoint, this spend implies an approximately 5x increase year-over-year. We expect to continue generating meaningful adjusted free cash flow moving forward. From a capital allocation perspective, we'll continue to weigh organic investments, inorganic growth opportunities, and share repurchases against one another to maximize long-term shareholder value. With that, we'll open up for Q&A. Operator: [Operator Instructions] Again, please stand by while we compile the Q&A roster. Our first question comes from the line of Ralph Schackart from William Blair. Ralph Schackart: In the script, you talked about stepping up the investment, I think fivefold versus last year with longer payback duration. I guess what's given you the confidence these investments are the right time at this particular scale? Then maybe if you could provide some color on the new payback duration. I wasn't sure if you said more than 1 year. Also in the prepared remarks, but any color, how you're thinking about the payback as well. Jun Lee: Yes, I'm happy to take that. So with the investments we made in vertical integration, we're beginning to see cohorts of our consumers with high retention and recurring revenue. So tailoring our marketing spend to the stickier audiences on the basis of IRR is a natural extension of our progression here, but we're still keeping a very high bar and tracking cohort performances in detail. And to us, it's really ultimately an LTV to CAC optimization over a longer period of time while using IRR and payback period as guardrails. And from an IRR target perspective, it's really a capital allocation question for us. We know what our free cash flow yields are today. We have a pretty good sense of what our M&A opportunities are. And these internal IRR investments need to stack well against those opportunities for us to have capital allocated against it. Ralph Schackart: Okay, and then just another question, just switching gears maybe to the LLM traffic and some of the SEO headwinds that you called out, maybe just some perspective on, just another quarter with the LLM models. How is that traffic converting? Are you guys finding new workarounds? Just any color you can add there as well. Tim Chen: Yes, this is Tim. The traffic is converting well. I mean, I think intent is extremely high when someone is coming through an LLM in terms of wanting to transact in a marketplace. It continues to be a pretty small part of our business today, but it's definitely an area of investment and growth for us. Operator: [Operator Instructions] Our next question comes from the line of Michael Infante of Morgan Stanley. Michael Infante: Tim, I just get your thoughts on just the importance of distribution in the future with everything going on from an AI perspective. How much of that value do you think ultimately accrues to NerdWallet versus the platforms, and anything you can share in terms of, you know, some of the underlying CAC trends that sort of gives you the confidence that you can continue to capture that over time? Tim Chen: I think brand and reach are just an incredible asset. I mean, I think distribution is so important in this future state of the world. A lot is left to be determined. Obviously, the story is being written, but we've already entered a phase where you've got billions of weekly active users across major LLMs. Mass adoption is already taking place, right? And so I think a lot of the impact that we've already seen in terms of our educational content being effective the last 3 years has played out. I think we're starting to see what the future looks like. The importance of, like, that trusted brand when you're talking about offering marketplaces and high-stakes financial guidance is really front and center. And I just think we're really well positioned there. And then that does translate into CAC. Brands with higher trust are going to have advantages there. And so that's where our vertical integration strategy is really banking on. We think our distribution and our trust are going to give us a leg up there. Michael Infante: That's helpful. And then maybe just on, just the SMB business in the quarter, sort of down 11%, those structural search headwinds sort of continuing, like, how should we be thinking about the path to recovery there? And, or like, if this is a business you ultimately want to continue to own and lean into incrementally relative to just investing more into the consumer vertical integration. Tim Chen: I think about SMB as having 2 distinct parts. Part of it is the loan business, so that's more of a loan brokering operation with a highly, highly considered purchase on behalf of this small business owner. And then the other piece of the SMB business is more of our traditional business. I mean, we're recommending things like everything from credit cards to bank accounts to software. So where we're really seeing headwinds year-over-year is on the non-loans part of the business, and loans is growing year-over-year. The loans business does have this dynamic of an owned audience that does come back to us over and over again, over a number of years. So that's the part of the business that we continue to invest on from a brokering efficiency standpoint. And then in terms of the rest of that business, we really think about expanding our channels and improving our CRM. So we're investing in both. Operator: I'm showing no further questions at this time. I would now like to turn it back to management for closing remarks. Tim Chen: Thanks, everyone, for your questions today. Looking ahead, we're going to remain focused on building owned audiences through vertical integration, registrations, and data-driven engagement. And with the assets and people we have in place, we're confident that NerdWallet will emerge from the AI transition as the most trusted consumer finance brand and the place people turn to for answers to the most important money questions. I look forward to updating you on our progress next quarter. Operator: Thank you for your participation in today's conference. This does conclude the program. You may now disconnect. Before you buy stock in NerdWallet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and NerdWallet wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. NerdWallet (NRDS) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management is shifting toward a vertical integration strategy to build owned audiences, moving away from pure marketplace reliance to deeper brokering and advisory relationships. Performance was driven by a $12 million year-over-year increase in personal loans revenue, fueled by product improvements that unlocked significant volume growth. Consumer credit card revenue declined due to ongoing organic search headwinds, prompting a strategic focus on re-engaging users through registered channels. The company is transitioning its marketing philosophy, beginning to invest based on internal rate of return (IRR) targets for sticky audiences rather than strictly in-quarter profitability. Auto insurance revenue has stabilized with the largest carrier relationship but remains below peak levels, leading to a focus on scaling other carriers and the in-house agency. SMB revenue faced an 11% decline driven by organic search headwinds in traditional products, though this was partially offset by growth in business loan originations. Full-year 2026 guidance includes a fivefold increase in incremental marketing investment compared to 2025, specifically targeting long-term LTV to CAC optimization. Q3 revenue is projected to grow 17% year-over-year, benefiting from typical seasonality, regulatory changes in student loans, and the integration of the College Finance acquisition. Management expects annual profitability to be more concentrated in the third quarter of 2026 than in previous years due to specific tailwinds. The company does not expect to be a federal corporate taxpayer for the remainder of 2026, with a return to normalized corporate taxes anticipated in Q2 or Q3 of 2027. Future capital allocation will weigh internal IRR-based investments against M&A opportunities and share repurchases, which reduced diluted share count by 14% year-over-year. The 'AI transition' is explicitly cited as a structural shift changing how consumers seek financial answers, impacting traditional organic search traffic. A $15 million to $20 million impact on NGOI is expected for the full year due to customer acquisition spend with payback periods extending beyond the current year. The SMB segment is bifurcating, with the loan brokering business showing resilience and recurring revenue while traditional marketplace products face search-related pressure. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management noted that vertical integration is producing cohorts with high retention and recurring revenue, justifying the shift to IRR-based targets. These investments are benchmarked against free cash flow yields and M&A opportunities to ensure optimal capital allocation. Traffic from Large Language Models (LLMs) currently represents a small portion of the business but shows high transaction intent and converts well. Management views brand trust as a critical differentiator as consumers move toward AI-driven financial guidance. The recovery strategy focuses on expanding channels and improving CRM for traditional products while leaning into the growing loan brokering business. Management emphasized that the loans portion of SMB acts as an 'owned audience' with multi-year recurring value.

This article first appeared on GuruFocus. Revenue: $197 million in Q2, up 6% year over year. Consumer Revenue: $175 million, up 8% year over year, driven by personal loans and deposit accounts, partially offset by a decline in consumer credit cards. SMB Revenue: $22 million, down 11% year over year, driven by organic search revenue declines, partially offset by business loan originations growth. GAAP Operating Income: $7 million in Q2. Non-GAAP Operating Income (NGOI): $12 million at a 6% margin, above the midpoint of guidance. Adjusted EBITDA: $23 million in Q2, in line with guidance. Adjusted Free Cash Flow: Trailing 12-month figure grew 100% year over year to $141 million, a new record. Share Repurchases: $2 million of Class A common stock purchased in Q2, bringing trailing 12-month repurchases to $160 million. Cash Position: $62 million in cash and cash equivalents as of June 30, up from $56 million at the end of Q1. Q3 Revenue Guidance: Expected in the range of $244 million to $260 million, up 17% year over year at the midpoint. Q3 NGOI Guidance: Expected in the range of $29 million to $37 million. Full-Year NGOI Guidance: Narrowed to a range of $90 million to $105 million, maintaining the midpoint of previous guidance. Warning! GuruFocus has detected 2 Warning Signs with WEAV. Is NRDS fairly valued? Test your thesis with our free DCF calculator. Release Date: August 06, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Revenue grew 6% year over year to $197 million, with consumer revenue up 8%. Non-GAAP operating income of $12 million exceeded the midpoint of guidance. Trailing 12-month adjusted free cash flow hit a record $141 million, up 100% year over year. Personal loans revenue increased $12 million year over year due to product improvements. Q3 revenue guidance of $244-260 million implies 17% year-over-year growth at the midpoint. Share repurchases reduced diluted share count by 14% year over year, returning capital to shareholders. Consumer credit card revenue declined due to continued organic search headwinds. SMB revenue fell 11% year over year, driven by organic search declines in non-loan products. The largest auto insurance carrier relationship has stabilized but not returned to earlier-year levels. Full-year NGOI guidance midpoint was maintained, but profitability is expected to be more concentrated in Q3. Incremental customer acquisition spend with longer payback periods will impact NGOI by $15-20 million this year. Organic search headwinds persist, affecting both consumer and SMB segments. Q: What is giving you the confidence to step up investments with longer payback durations, and can you provide color on the new payback period? A: Jun Lee (CFO): The confidence comes from seeing cohorts of consumers with high retention and recurring revenue from our vertical integration investments. We are tailoring marketing spend to stickier audiences based on IRR, but keeping a high bar and tracking cohort performance in detail. It's an LTV-to-CAC optimization over a longer period, using IRR and payback as guardrails. These internal IRR investments need to stack well against our free cash flow yields and M&A opportunities for capital allocation. Q: How important is distribution in the future with AI, and how much value accrues to NerdWallet versus the platforms? A: Tim Chen (CEO): Distribution is an incredible asset and incredibly important in the future state. With billions of weekly active users across major LLMs, mass adoption is already taking place. The impact on our educational content has played out over the last 3 years. The importance of a trusted brand for high-stakes financial guidance is front and center. Brands with higher trust will have advantages, which is what our vertical integration strategy is banking on. Q: How should we think about the path to recovery for the SMB business, and is it a business you want to continue to own? A: Tim Chen (CEO): The SMB business has two distinct parts. The loan business is a brokering operation with highly considered purchases and is growing year over year. The headwinds are in the non-loans part, which recommends credit cards, bank accounts, and software. We continue to invest in the loans business for brokering efficiency, and for the rest, we are expanding channels and improving CRM. Q: How is traffic from LLMs converting, and are you finding new workarounds for SEO headwinds? A: Tim Chen (CEO): The traffic is converting well, with extremely high intent from users coming through an LLM wanting to transact in the marketplace. It remains a small part of the business today, but it is an area of investment and growth for us. Q: Can you elaborate on the decision to shift from end-quarter profitability to IRR-based investments? A: Tim Chen (CEO): The success in vertical integration plays across brokering and advisory business lines is giving us conviction to start investing incremental marketing dollars based on IRR targets rather than solely on end-quarter profitability. For the full year 2026, we expect to grow this incremental investment fivefold versus 2025. Despite longer payback periods, the recurring nature of the relationships produces highly attractive IRRs. Q: What drove the strong revenue growth in personal loans and deposit accounts? A: Tim Chen (CEO): Product improvements unlocked significant volume growth in recent quarters, helping to drive the $12 million year-over-year increase in personal loans revenue delivered in the second quarter. Consumer demand remains strong, and financial institutions expanded budgets, contributing to the growth in both personal loans and deposit accounts. Q: What is the outlook for the auto insurance carrier relationship that has stabilized? A: Tim Chen (CEO): Our largest auto insurance carrier relationship has stabilized but has not yet returned to levels seen earlier in the year. We continue to explore ways to grow with that carrier while remaining focused on scaling with other leading auto insurance carriers and expanding our in-house insurance agency as part of our owned audience growth strategy. Q: Can you provide details on the Q3 guidance and the factors driving the expected revenue growth? A: Jun Lee (CFO): We expect Q3 revenue in the range of $244 to $260 million, up 17% year over year at the midpoint. The guidance reflects typical seasonality, expected tailwinds from regulatory changes in student loans, and the impact of the college finance acquisition in February. We expect annual profitability to be more concentrated in Q3 than in prior years. Q: How are you thinking about capital allocation between organic investments and share repurchases? A: Jun Lee (CFO): We will continue to weigh organic investment opportunities and share repurchases against one another to maximize long-term shareholder value. We purchased $2 million of Class A stock in Q2, bringing repurchases over the past 12 months to $160 million. Our weighted average diluted share count was down 14% year over year due to repurchase activity. Q: What is the expected impact of the customer acquisition spend on full-year profitability? A: Jun Lee (CFO): The full-year guidance includes a $15 to $20 million NGOI impact from customer acquisition spend with payback periods beyond the current year. At the midpoint, this spend implies approximately a 5 times increase year over year. We expect to continue generating meaningful adjusted free cash flow moving forward. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in NerdWallet, Inc.? Here are five stocks we like better. Q2 revenue rose 6% year over year to $197 million, driven by personal loans and deposit accounts, while organic-search weakness pressured credit cards and small-business products. Profitability and cash flow strengthened: trailing 12-month adjusted free cash flow doubled to a record $141 million, and NerdWallet repurchased $23 million of stock during the quarter. NerdWallet is investing heavily in owned audiences, AI-related opportunities and longer-term customer acquisition, with incremental marketing expected to reduce 2026 non-GAAP operating income by $15 million to $20 million; it forecast Q3 revenue of $244 million to $260 million. MarketBeat Week in Review – 04/27 - 05/01 NerdWallet (NASDAQ:NRDS) reported second-quarter revenue of $197 million, up 6% from a year earlier, as growth in personal loans and deposit accounts helped offset continued organic-search pressure in credit cards and small-business products. Co-founder and CEO Tim Chen said the company is navigating an artificial-intelligence transition that is changing how consumers seek answers to financial questions. NerdWallet is responding by investing in “owned audiences” through vertical integration, user registration and data-driven engagement, he said. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth NerdWallet’s Growth Story Looks Strong—But Can It Last? “We are investing in building owned audiences by vertically integrating in some areas and by improving how we register and re-engage with users,” Chen said. He added that the company believes its trusted brand, large audience, financial position and team provide a foundation for the transition. Second-quarter GAAP operating income was $7 million, while non-GAAP operating income was $12 million, representing a 6% margin and exceeding the midpoint of the company’s guidance range. Adjusted EBITDA totaled $23 million, within its prior outlook of $19 million to $27 million. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High NerdWallet Climbs 71% In February On Upbeat Full-Year Guidance Chief Financial Officer John Lee said trailing 12-month adjusted free cash flow doubled year over year to a record $141 million. The company was not a federal corporate tax payer during that period and received $9 million in tax refunds, he said. NerdWallet does not expect to be a federal corporate taxpayer in 2026, but expects normalized corporate taxes to resume in the second or third quarter of 2027. The company repurchased $23 million of Class A common stock during the quarter, bringing its repurchases over the past 12 months to $160 million. Its weighted-average diluted share count declined 14% year over year, Lee said. → Ulta's Growth Is Real, But So Are the Risks As of June 30, NerdWallet had $62 million in cash and cash equivalents, compared with $56 million at the end of the first quarter. The company had $67 million remaining under its share-repurchase authorization. Consumer revenue increased 8% year over year to $175 million. Lee attributed the growth to personal loans and deposit accounts, citing strong consumer demand and expanded budgets from financial institutions. Those gains were partly offset by a decline in consumer credit-card revenue, which Lee said was primarily driven by ongoing organic-search headwinds. The company’s largest auto-insurance carrier relationship stabilized during the quarter but remained below levels seen earlier in the year. NerdWallet said it is seeking ways to grow with that carrier while also scaling relationships with other leading auto-insurance carriers and expanding its in-house insurance agency. Small- and medium-sized-business revenue fell 11% to $22 million. The decline reflected lower organic-search revenue in SMB products, partly offset by growth in business-loan originations. Chen described the SMB segment as consisting of two distinct businesses: a loan-brokering operation and a more traditional marketplace that recommends products including credit cards, bank accounts and software. He said the non-loan portion is experiencing the year-over-year pressure, while the loans operation is growing. According to Chen, the business-loans operation benefits from a recurring customer relationship, as small-business owners return over a number of years. NerdWallet continues to invest in that business’s brokering efficiency, while pursuing broader channels and customer relationship management improvements for the rest of the SMB segment. NerdWallet plans to increase incremental marketing investments based on internal-rate-of-return targets rather than solely on in-quarter profitability. Chen said the company expects this incremental investment to rise fivefold in 2026 compared with 2025. Lee said the strategy follows evidence of strong retention and recurring revenue among cohorts reached through the company’s vertical-integration initiatives. The company is assessing investments through lifetime value relative to customer acquisition cost, while using internal rate of return and payback periods as guardrails. “We’re still keeping a very high bar and tracking cohort performances in detail,” Lee said. The company expects the initiative to have a $15 million to $20 million impact on full-year non-GAAP operating income, reflecting customer-acquisition spending with payback periods extending beyond the current year. Chen said traffic arriving from large language models is currently a small portion of NerdWallet’s business but is converting well, with consumers demonstrating high intent to transact in a marketplace. He said the company views the channel as an area for investment and growth. Asked about AI-driven changes to online distribution, Chen said trusted brands and reach will be important as major LLM platforms gain widespread adoption. He said NerdWallet’s distribution, consumer trust and vertical-integration strategy could provide customer-acquisition advantages. For the third quarter, NerdWallet forecast revenue of $244 million to $260 million, which would represent 17% year-over-year growth at the midpoint. It projected non-GAAP operating income of $29 million to $37 million. Lee said the third-quarter outlook reflects typical seasonality, anticipated tailwinds from regulatory changes in student loans, and the effect of NerdWallet’s February acquisition of College Finance. The company expects a larger share of annual profitability to occur in the third quarter than in previous years. NerdWallet narrowed its full-year non-GAAP operating income outlook to $90 million to $105 million while retaining the midpoint of its prior forecast. NerdWallet (NASDAQ: NRDS) is a personal finance company that offers independent guidance and comparison tools to help consumers make informed financial decisions. Through its website and mobile application, NerdWallet provides a wide range of content, including articles, calculators and reviews covering credit cards, mortgages, personal loans, banking products, investing, insurance and taxes. The platform aggregates partner offers to enable side-by-side comparisons, while editorially maintaining objectivity to support users in identifying the products that best suit their individual needs. Founded in 2009 by Tim Chen and Jacob Gibson, NerdWallet is headquartered in San Francisco and serves consumers primarily in the United States, with additional localized offerings in Canada and the United Kingdom. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "NerdWallet Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Revenue of $197.3 million, up 6% Year-Over-Year FINANCIAL HIGHLIGHTS Revenue of $197.3 million GAAP income from operations of $7.0 million GAAP net income of $4.3 million, or $0.07 income per diluted share Non-GAAP operating income of $12.2 million Adjusted EBITDA of $23.1 million SAN FRANCISCO, August 06, 2026--(BUSINESS WIRE)--NerdWallet, Inc. (Nasdaq: NRDS), which provides trustworthy financial guidance to consumers and small and mid-sized businesses (SMBs), today reported financial results for its second quarter ended June 30, 2026. "We're reaching an inflection point in our business," said Tim Chen, Co-Founder and CEO of NerdWallet. "The success of our vertical integration strategy now gives us the conviction to make incremental investments underwritten on a multi-year payback, with compelling returns. We expect to grow this incremental investment fivefold in 2026 versus 2025 as we deepen our owned audiences and build durable, direct relationships with our customers." SECOND QUARTER 2026 HIGHLIGHTS As previously announced, effective with the first quarter of 2026, we present revenue disaggregated by our user groups: Consumer and SMB. This presentation is consistent with recent changes in how management evaluates our financial and business performance, including the information currently reviewed by our chief operating decision maker. Consumer revenue includes revenue from financial products and services intended for individual consumers, including insurance, credit cards, loans, bank accounts and other products and services. Consumer revenue includes our previously reported Insurance, Credit cards, Loans and Emerging verticals product categories. SMB revenue includes revenue from financial products and services intended for SMBs, including loans, credit cards and other products and services. Prior period disaggregation of revenue has been recast to conform to this new presentation. Consumer revenue of $175.2 million increased 8% year-over-year, primarily driven by increases of $12.3 million from personal loans as we expanded our marketplace offerings to serve a broader range of borrowers, and $9.6 million from deposit accounts as partners expanded budgets, partially offset by an $8.6 million decrease from consumer credit cards primarily due to continued pressures in organic search traffic that have persisted for multiple quarters. SMB revenue of $22.1 million was down 11% year-over-year, primarily due to continued pressures in organic search traffic, partially offset by an increase in business loan originations. SUMMARY FINANCIAL RESULTS QUARTERLY CONFERENCE CALL A conference call to discuss NerdWallet’s second quarter 2026 financial results will be webcast live today, August 6, 2026 at 1:30 PM Pacific Time (PT). The live webcast is open to the public and will be available on NerdWallet’s investor relations website at https://investors.nerdwallet.com. Following completion of the call, a recorded replay of the webcast will be available on NerdWallet’s investor relations website. SHAREHOLDER LETTER A shareholder letter providing additional information and analysis can be found at NerdWallet’s investor relations website at https://investors.nerdwallet.com. ABOUT NERDWALLET NerdWallet (Nasdaq: NRDS) is on a mission to provide clarity for all of life’s financial decisions. As a personal finance website and app, NerdWallet provides consumers with trustworthy and knowledgeable financial information so they can make smart money moves. From finding the best credit card to buying a house, NerdWallet is there to help consumers make financial decisions with confidence. Consumers have free access to our expert content and comparison shopping marketplaces, plus a data-driven app, which helps them stay on top of their finances and save time and money, giving them the freedom to do more. NerdWallet is available in the U.S. and Canada. "NerdWallet" is a trademark of NerdWallet, Inc. All rights reserved. Other names and trademarks used herein may be trademarks of their respective owners. NON-GAAP FINANCIAL MEASURES We use non-GAAP operating income (loss), adjusted EBITDA and adjusted free cash flow in conjunction with GAAP measures as part of our overall assessment of our performance, including the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies, and to communicate with our Board of Directors concerning our financial performance. Non-GAAP operating income (loss): We define non-GAAP operating income (loss) as income (loss) from operations adjusted to exclude depreciation and amortization, and further exclude (1) losses (gains) on disposals of assets, (2) acquisition-related costs, and (3) restructuring charges. We also reduce income from operations, or increase loss from operations, for capitalized internally developed software costs. Adjusted EBITDA: We define adjusted EBITDA as net income (loss) from continuing operations adjusted to exclude depreciation and amortization, interest income (expense), net, other gains (losses), net, and provision (benefit) for income taxes, and further exclude (1) losses (gains) on disposals of assets, (2) stock-based compensation, (3) acquisition-related costs, and (4) restructuring charges. The above items are excluded from our non-GAAP operating income (loss) and adjusted EBITDA measures because these items are non-cash in nature, or because the amounts are not driven by core operating results and renders comparisons with prior periods less meaningful. We deduct capitalized internally developed software costs in our non-GAAP operating income (loss) measure to reflect the cash impact of personnel costs incurred within the time period. We believe that non-GAAP operating income (loss) and adjusted EBITDA provide useful information to investors and others in understanding and evaluating our operating results and in comparing operating results across periods. Moreover, non-GAAP operating income (loss) and adjusted EBITDA are key measurements used by our management internally to make operating decisions, including those related to analyzing operating expenses, evaluating performance, and performing strategic planning and annual budgeting. However, the use of these non-GAAP measures have certain limitations because they do not reflect all items of income and expense that affect our operations. Non-GAAP operating income (loss) and adjusted EBITDA have limitations as financial measures, should be considered as supplemental in nature, and are not meant as substitutes for the related financial information prepared in accordance with GAAP. These limitations include the following: Non-GAAP operating income (loss) and adjusted EBITDA exclude certain recurring, non-cash charges, such as amortization of software, depreciation of property and equipment, amortization of intangible assets, and (losses) gains on disposals of assets. Although these are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and non-GAAP operating income (loss) and adjusted EBITDA do not reflect all cash requirements for such replacements or for new capital expenditure requirements; Non-GAAP operating income (loss) and adjusted EBITDA exclude certain acquisition-related costs, including acquisition-related retention compensation under compensatory retention agreements with certain key employees, and acquisition-related transaction expenses; Non-GAAP operating income (loss) and adjusted EBITDA exclude restructuring charges primarily consisting of severance payments, stock-based compensation, employee benefits, and related expenses for impacted employees, as well as contract termination costs, associated with our restructuring plan implemented in 2024; Adjusted EBITDA excludes stock-based compensation, including for acquisition-related inducement awards, which has been, and will continue to be for the foreseeable future, a significant recurring expense in our business and an important part of our compensation strategy; and Adjusted EBITDA does not reflect interest income (expense) and other gains (losses), net, which include unrealized and realized gains and losses on foreign currency exchange, as well as certain nonrecurring gains (losses). Adjusted free cash flow: We define free cash flow as net cash provided by operating activities less capitalized software development costs and purchases of property and equipment, adjusted for any net borrowing or repayment on our warehouse line of credit. Our warehouse line of credit is used to fund mortgage loans originated for sale, as any increase or decrease in our mortgage loans held for sale is substantially offset by a corresponding borrowing or repayment on our warehouse line of credit. Adjusted free cash flow is a key measurement used by our management internally to evaluate our business performance and overall liquidity. We believe that adjusted free cash flow provides useful information for investors and others for determining the amount of cash available for investment in our business, strategic opportunities, repurchasing stock, strengthening our financial position and other purposes, as well as evaluating our historical and prospective liquidity. A limitation of the utility of adjusted free cash flow as a measure of financial performance and liquidity is that adjusted free cash flow does not represent the total increase or decrease in our cash balance for the period. In addition, non-GAAP operating income (loss), adjusted EBITDA and adjusted free cash flow as we define them may not be comparable to similarly titled measures used by other companies. Because of these limitations, you should consider non-GAAP operating income (loss), adjusted EBITDA and adjusted free cash flow alongside other financial performance measures, including income (loss) from operations, net income (loss), cash flows from operating activities and our other GAAP results. We compensate for these limitations by reconciling non-GAAP operating income to income from operations, adjusted EBITDA to net income and adjusted free cash flow to net cash provided by operating activities, the most directly comparable GAAP financial measures, as follows: FINANCIAL OUTLOOK We are providing guidance for the third quarter of 2026: Revenue is expected in the range of $244-$260 million, up 17% year-over-year at the midpoint GAAP operating income is expected in the range of $22-$30 million Non-GAAP operating income is expected in the range of $29-$37 million Adjusted EBITDA is expected in the range of $39-$47 million We are adjusting our 2026 annual GAAP operating income expectation to the range of $65-$80 million and non-GAAP operating income to the range of $90-$105 million. We are also adjusting our 2026 annual adjusted EBITDA expectation to the range of $131-$147 million. NerdWallet has not provided a quantitative reconciliation of forecasted GAAP net income (loss) to forecasted adjusted EBITDA within this communication because the Company is unable, without making unreasonable efforts, to calculate certain reconciling items with confidence. These items include, but are not limited to, income taxes which are directly impacted by unpredictable fluctuations in the market price of the Company’s capital stock. These items, which could materially affect the computation of forward-looking GAAP net income (loss), are inherently uncertain and depend on various factors, many of which are outside of NerdWallet’s control. A reconciliation of forecasted GAAP operating income to forecasted non-GAAP operating income for forecasted third quarter 2026 and forecasted full year 2026 is as follows: For more information regarding the non-GAAP financial measures discussed in this communication, please see "Non-GAAP Financial Measures" above. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements about us and our industry that involve significant risks and uncertainties. Except for statements of historical facts, all statements contained in this press release are forward-looking, including, but not limited to, the statements in the section titled "Financial Outlook." These statements often contain words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "outlook," "plan," "potential," "predict," "project," "should," "target," "will" or "would" or similar terms, including their negatives. These forward-looking statements include, but are not limited to, statements regarding: the impact of macroeconomic developments, including inflation, interest rates, credit market conditions and general economic uncertainty, on our business, operating results, financial condition and stock price; our expectations regarding future financial and operational performance, including total revenue, cost of revenue, non-GAAP operating income (loss), adjusted EBITDA, and adjusted free cash flow; our ability to grow traffic, engagement, and monetization on our platform; expected returns on marketing investments and brand campaigns; consumer and SMB demand for products and services offered through our platform; our ability to increase user registrations, improve repeat usage rates, and convert users into matches with financial services partners; expansion within existing and new verticals, including new products, services, and features that are competitive, compliant with applicable regulations, and responsive to market needs; geographic changes in operations; maintaining and expanding relationships with existing financial services partners and identifying new ones; developing scalable technology and data capabilities to provide personalized guidance and enhance user engagement; strengthening brand awareness, credibility, and consumer and SMB trust; producing high quality, engaging consumer and SMB content and tools; adapting to evolving consumer and SMB financial interests and behaviors; competing effectively in existing and new markets; maintaining the security, reliability, and availability of our platform; protecting and enhancing our intellectual property portfolio; attracting, developing, and retaining highly skilled and diverse talent; complying with evolving laws, regulations, and supervisory expectations applicable to our business; the adequacy of our cash, cash equivalents, and investments to meet liquidity needs; managing growth, scaling infrastructure, and preserving our corporate culture; identifying, executing, and successfully integrating acquisitions; and achieving expected synergies, accretion, and other benefits from completed acquisitions. These forward-looking statements are not guarantees of future performance and should not be relied upon as predictions of future events. They are based on our current expectations, estimates, and projections regarding future events and trends that may affect our business, financial condition and operating results. These expectations are subject to various risks, uncertainties, and assumptions, including those described in filings we make with the SEC from time to time. Our industry is highly competitive and rapidly evolving, and new risks and uncertainties may arise that we cannot predict. As a result, actual results, events, or circumstances may differ materially from those reflected in our forward-looking statements. Forward-looking statements in this press release speak only as of the date hereof. We undertake no obligation to update any such statements in this press release to reflect subsequent events, new information, or unexpected developments, except as required by law. These statements also do not reflect potential impacts from future acquisitions, mergers, dispositions, joint ventures, or investments. View source version on businesswire.com: https://www.businesswire.com/news/home/20260806393375/en/ Contacts Investor Relations:Robb [email protected] Media Relations:Maitri [email protected]

NerdWallet, Inc. (NRDS) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -12.50%. A quarter ago, it was expected that this company would post earnings of $0.25 per share when it actually produced earnings of $0.29, delivering a surprise of +16%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. NerdWallet, Inc., which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $197.3 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.80%. This compares to year-ago revenues of $186.9 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. NerdWallet, Inc. shares have lost about 33% since the beginning of the year versus the S&P 500's gain of 12.8%. While NerdWallet, Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for NerdWallet, Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.30 on $232.65 million in revenues for the coming quarter and $0.85 on $887.35 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Bitcoin Depot Inc. (BTMCQ), has yet to report results for the quarter ended June 2026. This company is expected to post quarterly loss of $0.28 per share in its upcoming report, which represents a year-over-year change of -125%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Bitcoin Depot Inc.'s revenues are expected to be $106.4 million, down 38.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NerdWallet, Inc. (NRDS) : Free Stock Analysis Report Bitcoin Depot Inc. (BTMCQ) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Intuit Inc.? Here are five stocks we like better. Intuit beat third-quarter expectations, with revenue up 10% to $8.6 billion and earnings above guidance. The company also raised its full-year outlook for revenue and EPS. TurboTax Live remains a major growth engine, offsetting pressure in lower-income DIY tax filers where Intuit said it “lost on price.” TurboTax Live customers are expected to rise 38% this year, and the product should account for 53% of TurboTax revenue. Intuit announced a 17% workforce reduction as part of a push to simplify the company and remove duplication. Management said the cuts will support faster execution while it continues to invest in AI, mid-market business tools and consumer money products like Credit Karma and Fast Money. NerdWallet’s Growth Story Looks Strong—But Can It Last? Intuit (NASDAQ:INTU) reported fiscal third-quarter revenue growth of 10% and raised its full-year outlook, while management outlined plans to reduce the company’s full-time workforce by 17% and adjust its approach to lower-income, price-sensitive tax filers. Chairman and CEO Sasan Goodarzi said the company delivered “strong overall results” in the quarter as it continued to execute on its AI-driven expert platform strategy. He said several growth areas, including assisted tax, the money portfolio and mid-market offerings, grew more than 30%. → Vertical Aerospace: Pre-Flight Checks Point to a Breakout Affirm: A Solid Footing or More Volatility Ahead? At the same time, Goodarzi said Intuit faced headwinds in the most price-sensitive segment of do-it-yourself TurboTax filers. “We lost on price,” he said, referring to filers earning less than $50,000 a year. Goodarzi said the company plans to evolve its business model with “the right lineups and price points” for simple filers while using its broader consumer platform to monetize beyond tax preparation. CFO Sandeep Aujla said Intuit exceeded the high end of its guidance for revenue, operating income and earnings per share in the third quarter of fiscal 2026. Revenue was $8.6 billion, up 10% from a year earlier. GAAP operating income was $4.0 billion, compared with $3.7 billion last year. Non-GAAP operating income was $4.7 billion, compared with $4.3 billion last year. GAAP diluted earnings per share were $11.09, up from $10.02 a year earlier. Non-GAAP diluted earnings per share were $12.80, compared with $11.65 last year. → A Deep Dive Into NVIDIA’s Latest Portfolio Moves AI Is Separating Software Winners From Losers, 2 Experts Explain Aujla said the results reflected a disciplined approach to managing the business, including continued AI efficiencies. Consumer revenue grew 8% in the quarter, driven by TurboTax revenue growth of 7% and Credit Karma growth of 15%. Pro Tax revenue was in line with last year. → NVIDIA Price Pullback? Don’t Count on It, Business Is Accelerating Goodarzi said total IRS filers are expected to decline by about 30 basis points this season, creating a gap of roughly 2 million units compared with macro expectations. He called it the most significant industry-wide contraction since the post-COVID tax season and said the decline affected both existing and new customers across demographics. Despite the softer filing environment, management said TurboTax Online paying units are expected to grow 2% for the year, driven by share gains among higher average revenue per user filers. TurboTax average revenue per user is expected to increase 11% as customers continue to demand assistance and faster access to refunds. Goodarzi emphasized the strength of TurboTax Live, the company’s assisted tax product. Intuit expects TurboTax Live customers to grow 38% this year and TurboTax Live revenue to grow 36%, well above the company’s long-term expectation of 15% to 20% revenue growth for the offering. Aujla said TurboTax Live is expected to represent 53% of total TurboTax revenue this year. Goodarzi said the company’s local expert strategy contributed to TurboTax Live acquisition, with 36% of customers acquired through local channels being new to TurboTax. Aujla added that TurboTax Live retention increased by 2 percentage points. On the lower end of the DIY segment, Goodarzi said Intuit will move from a complexity-based model to a more value-based approach. In response to a question from Morgan Stanley analyst Keith Weiss, he said some filers earning less than $50,000 with a W-2 could fall into a free SKU, while others may pay depending on the value they seek. He said the company also sees opportunities to monetize those users through offerings outside tax, including Credit Karma and Fast Money. Management pointed to increasing overlap between TurboTax and Credit Karma as evidence of the consumer platform’s broader potential. Goodarzi said average revenue per user is about 30% higher for customers using both TurboTax and Credit Karma compared with customers using TurboTax alone. He also said more than 35% of TurboTax customers adopted Fast Money offerings, and Intuit expects 26% revenue growth across its consumer money portfolio this year. Aujla said the company expects to deliver more than $25 billion in refunds through Fast Money offerings this year. Credit Karma revenue rose 15% in the quarter. Aujla said personal loans contributed 9 percentage points of that growth, auto insurance contributed 5 points and home loans contributed 1 point. Global Business Solutions Group revenue grew 15% in the quarter, or 17% excluding Mailchimp. Online ecosystem revenue grew 19%, or 22% excluding Mailchimp. Aujla said online ecosystem revenue for QuickBooks Online Advanced and Intuit Enterprise Suite grew 38%, reflecting continued momentum in the mid-market segment. Online ecosystem revenue for small businesses and the rest of the base grew 16%. QuickBooks Online accounting revenue increased 22%, driven by higher effective prices, customer growth and mix shift. Online services revenue grew 15%, or 22% excluding Mailchimp. Aujla said that growth was driven by money offerings, including payments, capital and Bill Pay, as well as payroll. Total online payment volume, including Bill Pay, grew 30% in the quarter. Excluding Bill Pay, online payment volume increased 18%. Goodarzi said Intuit is scaling its direct sales team by about 30% and that total Intuit Enterprise Suite contracts grew 37% quarter over quarter. He also said the company plans to launch an expanded AI-driven expert platform lineup in August, including capabilities for businesses and accountants to operate from a single “control tower.” Aujla said Mailchimp revenue was down slightly from a year earlier, as the company focuses on improving churn and acquisition among smaller customers while building momentum in SMS and mid-market offerings. Goodarzi said Intuit is reducing its full-time workforce by 17% to simplify its organizational structure and become “faster, leaner, and more focused.” He said the decision is intended to reduce management layers, eliminate coordination-heavy roles, address duplication from the integration of TurboTax and Credit Karma, and resize Mailchimp investment relative to its growth opportunities. Aujla said guidance for GAAP metrics includes $300 million in restructuring charges related to the workforce changes. He said the company remains committed to annual earnings-per-share growth of at least the mid-teens over the coming years. For fiscal 2026, Intuit now expects total revenue of $21.341 billion to $21.374 billion, representing growth of 13% to 14%. The company expects Global Business Solutions Group revenue growth of about 16%, Consumer Group revenue growth of about 10%, TurboTax growth of about 7%, Credit Karma growth of about 19% and Pro Tax growth of about 4%. Intuit guided for GAAP diluted earnings per share of $15.79 to $15.84, or about 16% growth, and non-GAAP diluted earnings per share of $23.80 to $23.85, or about 18% growth. For the fourth quarter, the company expects total revenue growth of 11% to 12%, GAAP earnings per share of $0.73 to $0.79 and non-GAAP earnings per share of $3.56 to $3.62. Aujla said Intuit ended the quarter with about $6.8 billion in cash and investments and $6.2 billion in debt. The company repurchased $1.6 billion of stock during the third quarter, more than double the same period last year, and its board approved a quarterly dividend of $1.20 per share, payable July 17, 2026, representing a 15% increase from last year. Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer. Intuit's product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Intuit Q3 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.

NerdWallet’s first quarter results were met with a sharply negative market reaction, despite the company exceeding Wall Street’s revenue and profit expectations. Management attributed the quarter’s performance to growth in banking and personal loans, which offset persistent declines in credit card and SMB (small and medium business) segments. CEO Tim Chen cited “robust demand for savings accounts” and a substantial increase in personal loans revenue, but acknowledged that a pullback by a major auto insurance partner and continued organic search headwinds weighed on overall growth. Chen described the environment as “volatile on a quarter-to-quarter basis,” particularly within auto insurance. Is now the time to buy NRDS? Find out in our full research report (it’s free). Revenue: $222.2 million vs analyst estimates of $208.7 million (6.2% year-on-year growth, 6.5% beat) Adjusted EPS: $0.31 vs analyst expectations of $0.42 (25.2% miss) Adjusted EBITDA: $39.4 million vs analyst estimates of $38.98 million (17.7% margin, 1.1% beat) Operating Margin: 12.8%, up from 0.3% in the same quarter last year Market Capitalization: $544.8 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Miles Jakubiak (KeyBanc Capital Markets) asked for more detail on the decision to accelerate vertical integration investments. CEO Tim Chen explained that declining product launch costs and higher distribution value led to this strategic shift, emphasizing that NerdWallet is positioned to capitalize on its distribution network. Michael Aravante (Morgan Stanley) inquired about the split between reduced guidance due to insurance monetization versus incremental investments. CFO John Lee clarified that the low end of guidance assumes persistent insurance weakness and continued investment, while the high end assumes recovery and fewer new investments. Michael Aravante (Morgan Stanley) also pressed on how management assesses returns on these vertical integration investments. Chen described a rigorous internal rate of return (IRR) process, noting the high cost of capital and the ability to test new products quickly using NerdWallet’s large top-of-funnel reach. Ralph Schackart (William Blair) questioned the duration and scale of new insurance investments and sought an update on large language model (LLM) traffic. Chen said building new distribution to agents will be a multi-quarter effort and that LLM-driven traffic is growing but remains a small revenue contributor. Ralph Schackart (William Blair) also asked if LLM traffic is cannibalizing existing business. Chen confirmed that LLM conversions are high but the segment remains too small to materially impact overall results. Looking ahead, the StockStory team will be monitoring (1) the pace of new insurance partnerships and the ramp of NerdWallet Insurance Experts, (2) the impact of vertical integration investments on both margins and revenue concentration, and (3) any improvements in organic search performance for both consumer and SMB segments. The ability to efficiently diversify revenue streams and execute on product innovation will be key factors to watch. NerdWallet currently trades at $8.38, down from $11.20 just before the earnings. At this price, is it a buy or sell? The answer lies in our full research report (it’s free for active Edge members). ONE MORE THING: Top 6 Stocks for This Week. This market is separating quality stocks from expensive ones fast. AI taking down whole sectors with no warning. In a rotation this fast, you need more than a list of good companies. Our AI system flagged Palantir before it ran 1,662%. AppLovin before it ran 753%. Nvidia before it ran 1,178%. Each week it produces 6 new names that pass the same tests. Get Our Top 6 Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.

Revenue of $222.2 million, up 6% Year-Over-Year FINANCIAL HIGHLIGHTS Revenue of $222.2 million GAAP income from operations of $27.2 million GAAP net income of $20.4 million or $0.29 income per diluted share Non-GAAP operating income of $33.7 million Adjusted EBITDA of $45.2 million SAN FRANCISCO, May 06, 2026--(BUSINESS WIRE)--NerdWallet, Inc. (Nasdaq: NRDS), which provides trustworthy financial guidance to consumers and small and mid-sized businesses (SMBs), today reported financial results for its first quarter ended March 31, 2026. "In Q1, strength in banking and personal loans revenue helped offset headwinds in auto insurance," said Tim Chen, Co-Founder and Chief Executive Officer of NerdWallet. "Looking ahead, I'm encouraged by our operational efficiency and strong balance sheet, which position us to accelerate our vertical integration strategy, while maintaining the flexibility to pursue alternative capital deployment opportunities." FIRST QUARTER 2026 HIGHLIGHTS As previously announced, effective with the first quarter of 2026, we present revenue disaggregated by our user groups: Consumer and SMB. This presentation is consistent with recent changes in how management evaluates our financial and business performance, including the information currently reviewed by our chief operating decision maker. Consumer revenue includes revenue from financial products and services intended for individual consumers, including insurance, credit cards, loans, bank accounts and other products and services. Consumer revenue includes our previously reported Insurance, Credit cards, Loans and Emerging verticals product categories. SMB revenue includes revenue from financial products and services intended for SMBs, including loans, credit cards and other products and services. Prior period disaggregation of revenue has been recast to conform to this new presentation. Consumer revenue of $197.6 million increased 10% year-over-year, primarily driven by increases of $20.9 million from deposit accounts and $12.7 million from personal loans as partners expanded budgets, partially offset by a $12.5 million decrease from consumer credit cards primarily due to continued pressures in organic search traffic that have persisted for multiple quarters. SMB revenue of $24.6 million was down 15% year-over-year, primarily due to continued pressures in organic search traffic, partially offset by an increase in business loan originations. QUARTERLY CONFERENCE CALL A conference call to discuss NerdWallet’s first quarter 2026 financial results will be webcast live today, May 6, 2026 at 1:30 PM Pacific Time (PT). The live webcast is open to the public and will be available on NerdWallet’s investor relations website at https://investors.nerdwallet.com. Following completion of the call, a recorded replay of the webcast will be available on NerdWallet’s investor relations website. SHAREHOLDER LETTER A shareholder letter providing additional information and analysis can be found at NerdWallet’s investor relations website at https://investors.nerdwallet.com. ABOUT NERDWALLET NerdWallet (Nasdaq: NRDS) is on a mission to provide clarity for all of life’s financial decisions. As a personal finance website and app, NerdWallet provides consumers with trustworthy and knowledgeable financial information so they can make smart money moves. From finding the best credit card to buying a house, NerdWallet is there to help consumers make financial decisions with confidence. Consumers have free access to our expert content and comparison shopping marketplaces, plus a data-driven app, which helps them stay on top of their finances and save time and money, giving them the freedom to do more. NerdWallet is available in the U.S. and Canada. "NerdWallet" is a trademark of NerdWallet, Inc. All rights reserved. Other names and trademarks used herein may be trademarks of their respective owners. NON-GAAP FINANCIAL MEASURES We use non-GAAP operating income (loss), adjusted EBITDA and adjusted free cash flow in conjunction with GAAP measures as part of our overall assessment of our performance, including the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies, and to communicate with our Board of Directors concerning our financial performance. Non-GAAP operating income (loss): We define non-GAAP operating income (loss) as income (loss) from operations adjusted to exclude depreciation and amortization, and further exclude (1) impairment of right-of-use asset, (2) losses (gains) on disposals of assets, (3) acquisition-related costs, and (4) restructuring charges. We also reduce income from operations, or increase loss from operations, for capitalized internally developed software costs. Adjusted EBITDA: We define adjusted EBITDA as net income (loss) from continuing operations adjusted to exclude depreciation and amortization, interest income (expense), net, other gains (losses), net, and provision (benefit) for income taxes, and further exclude (1) impairment of right-of-use asset, (2) losses (gains) on disposals of assets, (3) stock-based compensation, (4) acquisition-related costs, and (5) restructuring charges. The above items are excluded from our non-GAAP operating income (loss) and adjusted EBITDA measures because these items are non-cash in nature, or because the amounts are not driven by core operating results and renders comparisons with prior periods less meaningful. We deduct capitalized internally developed software costs in our non-GAAP operating income (loss) measure to reflect the cash impact of personnel costs incurred within the time period. We believe that non-GAAP operating income (loss) and adjusted EBITDA provide useful information to investors and others in understanding and evaluating our operating results and in comparing operating results across periods. Moreover, non-GAAP operating income (loss) and adjusted EBITDA are key measurements used by our management internally to make operating decisions, including those related to analyzing operating expenses, evaluating performance, and performing strategic planning and annual budgeting. However, the use of these nonGAAP measures have certain limitations because they do not reflect all items of income and expense that affect our operations. Non-GAAP operating income (loss) and adjusted EBITDA have limitations as financial measures, should be considered as supplemental in nature, and are not meant as substitutes for the related financial information prepared in accordance with GAAP. These limitations include the following: Non-GAAP operating income (loss) and adjusted EBITDA exclude certain recurring, non-cash charges, such as amortization of software, depreciation of property and equipment, amortization of intangible assets, impairment of right-of-use asset, and (losses) gains on disposals of assets. Although these are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and non-GAAP operating income (loss) and adjusted EBITDA do not reflect all cash requirements for such replacements or for new capital expenditure requirements; Non-GAAP operating income (loss) and adjusted EBITDA exclude certain acquisition-related costs, including acquisition-related retention compensation under compensatory retention agreements with certain key employees, and acquisition-related transaction expenses; Non-GAAP operating income (loss) and adjusted EBITDA exclude restructuring charges primarily consisting of severance payments, stock-based compensation, employee benefits, and related expenses for impacted employees, as well as contract termination costs, associated with our Restructuring Plan; Adjusted EBITDA excludes stock-based compensation, including for acquisition-related inducement awards, which has been, and will continue to be for the foreseeable future, a significant recurring expense in our business and an important part of our compensation strategy; and Adjusted EBITDA does not reflect interest income (expense) and other gains (losses), net, which include unrealized and realized gains and losses on foreign currency exchange, as well as certain nonrecurring gains (losses). Adjusted free cash flow: We define free cash flow as net cash provided by operating activities less capitalized software development costs and purchases of property and equipment, adjusted for any net borrowing or repayment on our warehouse line of credit. Our warehouse line of credit is used to fund mortgage loans originated for sale, as any increase or decrease in our mortgage loans held for sale is substantially offset by a corresponding borrowing or repayment on our warehouse line of credit. Adjusted free cash flow is a key measurement used by our management internally to evaluate our business performance and overall liquidity. We believe that adjusted free cash flow provides useful information for investors and others for determining the amount of cash available for investment in our business, strategic opportunities, repurchasing stock, strengthening our financial position and other purposes, as well as evaluating our historical and prospective liquidity. A limitation of the utility of adjusted free cash flow as a measure of financial performance and liquidity is that adjusted free cash flow does not represent the total increase or decrease in our cash balance for the period. In addition, non-GAAP operating income (loss), adjusted EBITDA and adjusted free cash flow as we define them may not be comparable to similarly titled measures used by other companies. Because of these limitations, you should consider non-GAAP operating income (loss), adjusted EBITDA and adjusted free cash flow alongside other financial performance measures, including income (loss) from operations, net income (loss), cash flows from operating activities and our other GAAP results. We compensate for these limitations by reconciling non-GAAP operating income to income from operations, adjusted EBITDA to net income and adjusted free cash flow to net cash provided by operating activities, the most directly comparable GAAP financial measures, as follows: FINANCIAL OUTLOOK We are providing guidance for the second quarter of 2026: Revenue is expected in the range of $186-$202 million, up 4% year-over-year at the midpoint GAAP operating income is expected in the range of $1-$9 million Non-GAAP operating income is expected in the range of $6-$14 million Adjusted EBITDA is expected in the range of $19-$27 million We are adjusting our 2026 annual GAAP operating income expectation to the range of $65-$90 million and non-GAAP operating income to the range of $85-$110 million. We are also adjusting our 2026 annual adjusted EBITDA expectation to the range of $132-$157 million. NerdWallet has not provided a quantitative reconciliation of forecasted GAAP net income (loss) to forecasted adjusted EBITDA within this communication because the Company is unable, without making unreasonable efforts, to calculate certain reconciling items with confidence. These items include, but are not limited to, income taxes which are directly impacted by unpredictable fluctuations in the market price of the Company’s capital stock. These items, which could materially affect the computation of forward-looking GAAP net income (loss), are inherently uncertain and depend on various factors, many of which are outside of NerdWallet’s control. A reconciliation of forecasted GAAP operating income to forecasted non-GAAP operating income for forecasted second quarter 2026 and forecasted full year 2026 is as follows: For more information regarding the non-GAAP financial measures discussed in this communication, please see "Non-GAAP Financial Measures" above. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements about us and our industry that involve significant risks and uncertainties. Except for statements of historical facts, all statements contained in this press release are forwardlooking, including, but not limited to, the statements in the section titled "Financial Outlook." These statements often contain words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "outlook," "plan," "potential," "predict," "project," "should," "target," "will" or "would" or similar terms, including their negatives. These forward-looking statements include, but are not limited to, statements regarding: the impact of macroeconomic developments, including inflation, interest rates, credit market conditions and general economic uncertainty, on our business, operating results, financial condition and stock price; our expectations regarding future financial and operational performance, including total revenue, cost of revenue, non-GAAP operating income (loss), adjusted EBITDA, and adjusted free cash flow; our ability to grow traffic, engagement, and monetization on our platform; expected returns on marketing investments and brand campaigns; consumer and SMB demand for products and services offered through our platform; our ability to increase user registrations, improve repeat usage rates, and convert users into matches with financial services partners; expansion within existing and new verticals, including new products, services, and features that are competitive, compliant with applicable regulations, and responsive to market needs; changing geographic operations; maintaining and expanding relationships with existing financial services partners and identifying new ones; developing scalable technology and data capabilities to provide personalized guidance and enhance user engagement; strengthening brand awareness, credibility, and consumer and SMB trust; producing high quality, engaging consumer and SMB content and tools; adapting to evolving consumer and SMB financial interests and behaviors; competing effectively in existing and new markets; maintaining the security, reliability, and availability of our platform; protecting and enhancing our intellectual property portfolio; attracting, developing, and retaining highly skilled and diverse talent; complying with evolving laws, regulations, and supervisory expectations applicable to our business; the adequacy of our cash, cash equivalents, and investments to meet liquidity needs; managing growth, scaling infrastructure, and preserving our corporate culture; identifying, executing, and successfully integrating acquisitions; entering new financial services markets, and meeting associated regulatory complexities; and achieving expected synergies, accretion, and other benefits from completed acquisitions. These forward-looking statements are not guarantees of future performance and should not be relied upon as predictions of future events. They are based on our current expectations, estimates, and projections regarding future events and trends that may affect our business, financial condition and operating results. These expectations are subject to various risks, uncertainties, and assumptions, including those described in filings we make with the SEC from time to time. Our industry is highly competitive and rapidly evolving, and new risks and uncertainties may arise that we cannot predict. As a result, actual results, events, or circumstances may differ materially from those reflected in our forward-looking statements. Forward-looking statements in this press release speak only as of the date hereof. We undertake no obligation to update any such statements in this press release to reflect subsequent events, new information, or unexpected developments, except as required by law. These statements also do not reflect potential impacts from future acquisitions, mergers, dispositions, joint ventures, or investments. View source version on businesswire.com: https://www.businesswire.com/news/home/20260506881083/en/ Contacts Investor Relations: Robb Ferris [email protected] Media Relations: Maitri Jani [email protected]