Home / Business and Economy / Chime Projects Strong 2026 Revenue Above Estimates
Chime Projects Strong 2026 Revenue Above Estimates
26 Feb
Summary
- Chime forecasts 2026 revenue exceeding Wall Street estimates.
- The company expects to achieve GAAP profitability in 2026.
- Fourth-quarter revenue rose 25% to $596 million year-over-year.
Financial technology firm Chime has projected its 2026 revenue to exceed Wall Street's expectations, buoyed by strong consumer spending and high demand for its digital banking solutions. The company anticipates achieving GAAP profitability by 2026, a significant milestone in its growth trajectory. This positive outlook was reflected in its stock performance, with shares surging following the announcement.
Chime's strategic focus on acquiring primary account relationships positions it as a key competitor to established banks like Chase and Bank of America. The fintech's model, designed for individuals with limited credit histories, emphasizes debit over credit products, resonating with mainstream America. This approach has enabled Chime to carve out market share from larger financial institutions by targeting younger and underserved customer segments.
In the fourth quarter ending December 31, Chime reported a 25% year-over-year increase in revenue, reaching $596 million. Purchase volume, including OIT, grew by 16% to $35.3 billion, while active members expanded by 19% to 9.5 million. These figures underscore the resilience of U.S. consumer spending and Chime's effective engagement with its customer base.
