Chime lifts 2026 revenue forecast on robust demand, CFO to step down

Chime now expects revenue to rise 25% to 26% in 2026 versus expectations of 22.7%, according to estimates compiled by LSEG.

It forecast current-quarter revenue between $680 million and $690 million, above analysts' estimates of $668.1 million.

Revenue rose 27% to $670 million for the three months ended June 30, beating estimates of $640.4 million.

Active members jumped 20% to 10.4 million, compared with a year earlier, while average revenue per active member increased 6% to $260.

The company said Chime Prime powered its growth in the second quarter, adding that its fastest-growing segment continues to be customers making $75,000 and more annually.

Newcomb, who is ending a decade-long tenure at Chime after helping lead the fintech through its June 2025 IPO, will step down later this week and its president, Mark Troughton, will serve as the interim CFO.

Last week, Chime said it would cut 10% of its workforce, joining a growing list of companies using AI-driven efficiencies to streamline operations.

It posted a net income of $28 million, marking its second straight profitable quarter.

Chime on Wednesday raised its full-year revenue growth forecast above Wall Street estimates on strong demand for its digital banking products, and announced the departure of longtime Chief Financial Officer Matt Newcomb.

The company and fellow fintechs have bloomed by attracting younger customers through mobile-first products and steadily expanding into newer financial services such as investing.