Filing Flows › Nerdwallet (NRDS) › Q3 2026 › vs Q3 2025
Nerdwallet (NRDS) Q3 2026 vs Q3 2025 (year over year)
Nerdwallet's revenue rose $24.5M (+11%) from $215M in Q3 2025 to $240M in Q3 2026. The biggest changes: Consumer +$23.0M (+12%); SMB +$1.5M (+6%). Operating margin 8.1% against 16.0% (-7.9 pts).
Nerdwallet, Q3 2026: revenue $240M (+11% year over year), operating margin 8.1%, net earnings $14.9M, operating cash flow $31.2M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 8.1% | 16.0% | -7.9 pts |
| Net margin | 6.2% | 12.2% | -6.0 pts |
| Free cash flow margin | 12.9% | 22.5% | -9.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Consumer | $214M | $192M | $23.0M | +12% |
| SMB | $25.1M | $23.6M | $1.5M | +6% |
| Revenue | $240M | $215M | $24.5M | +11% |
| Operating profit | $19.4M | $34.4M | −$15.0M | -44% |
| Costs & expenses | $220M | $181M | $39.5M | +22% |
| Pre-tax earnings | $19.7M | $35.5M | −$15.8M | -45% |
| Cost of revenue | $13.8M | $15.3M | −$1.5M | -10% |
| Research & development | $17.8M | $15.7M | $2.1M | +13% |
| Sales & marketing | $173M | $135M | $37.9M | +28% |
| General & admin | $15.4M | $14.4M | $1.0M | +7% |
| Net earnings | $14.9M | $26.3M | −$11.4M | -43% |
| Income tax | $4.8M | $9.2M | −$4.4M | -48% |
| Depreciation & amortization | $10.0M | $11.6M | −$1.6M | -14% |
| Share-based compensation | $10.3M | $6.7M | $3.6M | +54% |
| Working capital & other | $4.0M | −$3.9M | $7.9M | — |
| Operating cash flow | $31.2M | $48.5M | −$17.3M | -36% |
| Free cash flow (OCF − capex) | $31.0M | $48.4M | −$17.4M | -36% |
| Capital expenditures | $200K | $100K | $100K | +100% |
Questions
How much did Nerdwallet's revenue grow year over year in Q3 2026?
Nerdwallet's revenue rose $24.5M (+11%) from $215M in Q3 2025 to $240M in Q3 2026.
What drove Nerdwallet's revenue change in Q3 2026?
Consumer +$23.0M (+12%); SMB +$1.5M (+6%).