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

CHYM•2026-08-05

CFO to step down after decade at the company

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.

Chime raises forecast as demand stays strong

Chime 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.

Shares of the company jumped 9% in extended trading on Wednesday.

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

A resilient U.S. consumer has further fueled the sector's momentum, helping sustain payment volumes and customer activity. Payments revenue at Chime, including outbound instant transfer, increased 21% in the second quarter.

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

CFO to step down after decade at the company

Chime raises forecast as demand stays strong

Demand boom lifts members, revenue and profit

Management says consumer activity remains healthy

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