Filing Flows › Nerdwallet (NRDS) › Q2 2026 › vs Q1 2026
Nerdwallet (NRDS) Q2 2026 vs Q1 2026 (quarter over quarter)
Nerdwallet's revenue fell $24.9M (-11%) from $222M in Q1 2026 to $197M in Q2 2026. The biggest changes: Consumer −$22.4M (-11%); SMB −$2.5M (-10%). Operating margin 3.5% against 12.2% (-8.7 pts).
Nerdwallet, Q2 2026: revenue $197M (+6% year over year), operating margin 3.5%, net earnings $4.3M, operating cash flow $41.2M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 3.5% | 12.2% | -8.7 pts |
| Net margin | 2.2% | 9.2% | -7.0 pts |
| Free cash flow margin | 20.8% | 15.9% | +4.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Consumer | $175M | $198M | −$22.4M | -11% |
| SMB | $22.1M | $24.6M | −$2.5M | -10% |
| Revenue | $197M | $222M | −$24.9M | -11% |
| Operating profit | $7.0M | $27.2M | −$20.2M | -74% |
| Costs & expenses | $190M | $195M | −$4.7M | -2% |
| Pre-tax earnings | $7.3M | $28.0M | −$20.7M | -74% |
| Cost of revenue | $13.4M | $13.6M | −$200K | -1% |
| Research & development | $17.5M | $16.8M | $700K | +4% |
| Sales & marketing | $145M | $149M | −$3.7M | -2% |
| General & admin | $14.0M | $15.5M | −$1.5M | -10% |
| Net earnings | $4.3M | $20.4M | −$16.1M | -79% |
| Income tax | $3.0M | $7.6M | −$4.6M | -61% |
| Depreciation & amortization | $9.3M | $9.7M | −$400K | -4% |
| Share-based compensation | $6.9M | $7.0M | −$100K | -1% |
| Working capital & other | $20.7M | −$1.4M | $22.1M | — |
| Operating cash flow | $41.2M | $35.7M | $5.5M | +15% |
| Free cash flow (OCF − capex) | $41.1M | $35.3M | $5.8M | +16% |
| Capital expenditures | $100K | $400K | −$300K | -75% |
Questions
How much did Nerdwallet's revenue grow quarter over quarter in Q2 2026?
Nerdwallet's revenue fell $24.9M (-11%) from $222M in Q1 2026 to $197M in Q2 2026.
What drove Nerdwallet's revenue change in Q2 2026?
Consumer −$22.4M (-11%); SMB −$2.5M (-10%).