Chime Raised Outlook as Revenue Growth Accelerated
The financial-technology company lifted its 2026 revenue forecast to as much as $2.745 billion.
Chime Financial (CHYM), the financial-technology company, raised its full-year outlook after second-quarter revenue growth accelerated to 27% from 25% in the prior period.
Revenue rose to $670 million from a year earlier and increased about 3% sequentially despite the tax-refund tailwind that benefited the first quarter. Chime remained profitable for a second consecutive quarter, though net income fell to $28 million from $53 million sequentially and net margin narrowed to 4% from 8%.
The quarter extended a shift toward platform-related revenue and credit spending. Platform-related revenue increased about 12% from the first quarter to $240 million, while payments revenue slipped to $430 million from $433 million. Payments revenue growth nevertheless accelerated to 17% year over year, or 21% including Outbound Instant Transfer revenue.
Active Members reached 10.4 million, up 20% from a year earlier, though sequential net additions slowed to about 200,000 after nearly 700,000 in the first quarter. The additions were twice its typical level for the seasonally slower period. Purchase Volume declined sequentially to $38 billion, while year-over-year growth accelerated to 17% from 12%.
Credit accounted for 27% of Purchase Volume, up from nearly 25% in March and 16% in September, extending the mix shift toward higher-interchange Chime Card spending. MyPay originations reached $4.5 billion as its loss rate improved to 0.9%, and Instant Loans originations grew nearly 70% sequentially to $300 million.
Higher credit activity supported transaction-profit dollars, which more than tripled from a year earlier to $73 million. Adjusted EBITDA rose to $102 million from $16 million a year earlier, but declined from $119 million sequentially as the margin contracted to 15% from 18%. Transaction margin similarly fell three percentage points sequentially to 73%, while expanding four points from a year earlier.
Chime now expects 2026 revenue of $2.725 billion to $2.745 billion, representing growth of 25% to 26%, and adjusted EBITDA of $465 million to $475 million at a 17% margin. Instant Loans are forecast to exit the third quarter at an annualized revenue run rate above $100 million.
The company launched Chime Invest during the quarter and its enterprise business signed two major employers covering more than 350,000 U.S. workers. Chief Financial Officer Matt Newcomb was set to step down Aug. 7, with President Mark Troughton serving as interim finance chief while Chime searched for a permanent successor.