Filing Flows › Green DOT (GDOT) › Q1 2026
Green DOT (GDOT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Green DOT (GDOT) reported revenue of $656M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +26% from the quarter before. Operating margin was 10.5%, net earnings $53.8M (8.2% of revenue).
Green DOT, Q1 2026: revenue $656M (+17% year over year), operating margin 10.5%, net earnings $53.8M, operating cash flow $95.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $656M | +26% | +17% |
| Operating profit | $69.0M | — | +14% |
| Net earnings | $53.8M | — | +109% |
| Operating cash flow | $95.1M | — | -13% |
| Free cash flow | $76.0M | — | -15% |
What changed
Revenue was $656.2M in Q1 2026, up 17% year over year and up 26% from the previous quarter. Card revenues and other fees was the largest line at 68% of revenue. Card revenues and other fees added $72.7M year over year (up 19%), 75% of the total change. Interchange revenues declined 8%.
Operating profit was $69.0M, a 10.5% margin (down 0.3 points year over year). Of the extra revenue versus Q1 2025, 9% reached operating profit, below the 11% margin then. Total costs grew 18% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were $53.8M, up 109% year over year. The effective tax rate was 20.5%.
Operating cash flow was $95.1M (down 13% year over year), 177% of net earnings. Non-cash charges added back $18.1M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items added $18.7M. Capital expenditures of $19.0M left free cash flow of $76.0M.
Questions
What was Green DOT's revenue in the first quarter 2026?
Green DOT (GDOT) reported revenue of $656M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +26% from the quarter before.
Was Green DOT profitable in the first quarter 2026?
Operating profit was $69.0M (10.5% of revenue) and net earnings $53.8M.
Source: Green DOT 10-Q on SEC EDGAR.