Q2 2026 NerdWallet Inc Earnings Call Transcript
Key Points
- 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.
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.
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
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