Filing Flows › Nerdwallet (NRDS) › Q2 2026 › vs Q2 2025
Nerdwallet (NRDS) Q2 2026 vs Q2 2025 (year over year)
Nerdwallet's revenue rose $10.4M (+6%) from $187M in Q2 2025 to $197M in Q2 2026. The biggest changes: Consumer +$13.3M (+8%); SMB −$2.9M (-12%). Operating margin 3.5% against 5.7% (-2.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 3.5% | 5.7% | -2.2 pts |
| Net margin | 2.2% | 4.4% | -2.2 pts |
| Free cash flow margin | 20.8% | 9.0% | +11.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Consumer | $175M | $162M | $13.3M | +8% |
| SMB | $22.1M | $25.0M | −$2.9M | -12% |
| Revenue | $197M | $187M | $10.4M | +6% |
| Operating profit | $7.0M | $10.7M | −$3.7M | -35% |
| Costs & expenses | $190M | $176M | $14.1M | +8% |
| Pre-tax earnings | $7.3M | $11.5M | −$4.2M | -37% |
| Cost of revenue | $13.4M | $16.6M | −$3.2M | -19% |
| Research & development | $17.5M | $17.9M | −$400K | -2% |
| Sales & marketing | $145M | $128M | $17.4M | +14% |
| General & admin | $14.0M | $13.7M | $300K | +2% |
| Net earnings | $4.3M | $8.2M | −$3.9M | -48% |
| Income tax | $3.0M | $3.3M | −$300K | -9% |
| Depreciation & amortization | $9.3M | $12.7M | −$3.4M | -27% |
| Share-based compensation | $6.9M | $8.2M | −$1.3M | -16% |
| Working capital & other | $20.7M | −$11.6M | $32.3M | — |
| Operating cash flow | $41.2M | $17.5M | $23.7M | +135% |
| Free cash flow (OCF − capex) | $41.1M | $16.8M | $24.3M | +145% |
| Capital expenditures | $100K | $700K | −$600K | -86% |
Questions
How much did Nerdwallet's revenue grow year over year in Q2 2026?
Nerdwallet's revenue rose $10.4M (+6%) from $187M in Q2 2025 to $197M in Q2 2026.
What drove Nerdwallet's revenue change in Q2 2026?
Consumer +$13.3M (+8%); SMB −$2.9M (-12%).