Home / Business and Economy / Chime Soars in Q2: Digital Banking Startup Beats Estimates
Chime Soars in Q2: Digital Banking Startup Beats Estimates
7 Aug
Summary
- Chime's Q2 revenue rose 37% to $528 million
- Younger U.S. customers turning to digital banking
- Chime's stock up 25% from IPO price
In the second quarter of 2025, the digital banking startup Chime beat Wall Street's revenue estimates, showcasing the strong demand for its financial services. The company's revenue rose 37% to $528 million, a significant increase from the previous year.
This performance comes as younger customers in the U.S. have become disillusioned with the fees and limited flexibility of traditional banks, and have turned to digital-first startups like Chime. The company's suite of no-fee financial products, including a secured credit card, short-term liquidity tools, and a deposit sweep program, have resonated with these consumers.
Chime's success is also reflected in its stock price, which has surged 25% from its initial public offering (IPO) price in June 2025. The company's co-founder and CEO, Chris Britt, described this as a "breakout first quarter as a public company," driven by accelerating growth, expanding margins, and continued product execution.
