NerdWallet, Inc. (NRDS) Earnings
NerdWallet, Inc. is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $0.08. NRDS has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise +24.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $0.25 | $0.29 | +16.0% | $222M | -2.4% |
| Feb 25, 2026 | $0.17 | $0.19 | +11.1% | $225M | -0.7% |
| Nov 6, 2025 | $0.20 | $0.34 | +70.0% | $215M | +1.8% |
| Aug 7, 2025 | $0.11 | $0.11 | +0.0% | $187M | -6.1% |
| Feb 19, 2025 | $0.01 | $0.01 | +0.0% | $184M | +9.2% |
| Jul 31, 2024 | $-0.06 | $-0.12 | -100.0% | $151M | +0.3% |
| Apr 25, 2024 | $0.01 | $0.01 | +13.3% | $162M | +9.0% |
| Feb 14, 2024 | $0.11 | $-0.03 | -127.3% | $134M | -3.4% |
| Oct 26, 2023 | $-0.07 | $-0.01 | +85.7% | $153M | +5.8% |
| Aug 2, 2023 | $-0.03 | $-0.14 | -320.0% | $143M | +4.4% |
| May 2, 2023 | $-0.05 | $0.02 | +140.0% | $170M | +1.6% |
| Feb 14, 2023 | $0.07 | $0.12 | +71.4% | $142M | +1.7% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Revenue of $222 million reported for Q1, up 6% YOY. Consumer vertical had banking growth (savings accounts) and personal loans up, offset by credit cards down. SMB vertical had organic search headwinds. - Non-GAAP operating income $34M and adjusted EBITDA $45M set Q1 records due to operating leverage and lower other marketing spend. - Looking ahead, affirming high end of full-year NGOI guidance, taking more conservative view on lower end due to auto insurance monetization issue and aggressive long-term bets. - Deepening tech integrations with auto insurance carriers, expanding with agent-centric partners via phone referrals, investing in branded agency NerdWallet Insurance Experts. - Reporting change: revenue now in consumer and SMB categories, prior periods restated.
Guidance
- Q2 revenue expected to be in range of 186 - 202 million, up 4% YOY midpoint. Non-GAAP operating income range 6 - 14 million. - Full-year NGOI guidance $85 - $110 million, reaffirming upper end, expecting mid to high single-digit revenue growth YOY in remaining quarters, reducing low end due to vertical integration investments and auto insurance monetization uncertainty.
Segment performance
Total revenue for Q1 was $222 million, up 6% year-over-year. Consumer revenue was $198 million, up 10% year-over-year, driven by banking and personal loans, partially offset by consumer credit cards. SMB revenue was $25 million, down 15% year-over-year, driven by organic search headwinds. Non-GAAP operating income was $34 million and adjusted EBITDA was $45 million. Consumer vertical: banking grew due to strong savings account demand, personal loans up, credit cards down. SMB vertical: declined due to organic search headwinds. Consumer revenue contribution: $198 million out of $222 million, so ~89.2%. SMB revenue contribution: $25 million out of $222 million, so ~11.3%.
Risks & headwinds
- Auto insurance monetization from large partner running below expectations, impacting Q1 and expected greater impact in Q2. - Uncertainty in near-term results due to dynamics affecting auto insurance and long-term bets. - High concentration in insurance business with few carriers and channels.
Analyst Q&A
Q: Dive deeper in on the acceleration of investments into the vertical integration, context on what changed and dollars in vertical integration strategy.
A: Cost of launching financial products decreasing, distribution cost increasing, unique investment window. From corp dev and building internally, considering opportunities.
Q: Parse full-year low-end NGOI reduction driven by monetization vs incremental investment, and walk through work on returns.
A: Lower end reflects not offsetting insurance weakness and further vertical investment; IRR analysis with high cost of capital, commercial testing and small teams for building.
Q: Sense of investment needed in insurance, duration, and update on LLM traffic.
A: Insurance build-out multi-quarters, slow ramp. LLM traffic dominant in financial services money questions, small revenue piece.