Filing Flows › Nerdwallet (NRDS) › How it makes money
How Nerdwallet (NRDS) makes money
Nerdwallet (NRDS) made $240M of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Consumer brought in $214M (90%); SMB brought in $25.1M (10%). Of every dollar of revenue, 8¢ was left as operating profit, 6¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Consumer | $214M | 89.5% | +22% | +12% |
| SMB | $25.1M | 10.5% | +14% | +6% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $240M | 100.0% |
| Operating profit | $19.4M | 8.1% |
| Income tax | $4.8M | 2.0% |
| Net earnings | $14.9M | 6.2% |
| Operating cash flow | $31.2M | 13.0% |
| Free cash flow | $31.0M | 12.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $240M | +11% |
| Q2 2026 | $197M | +6% |
| Q1 2026 | $222M | +6% |
| Q4 2025 | $225M | +23% |
| Q3 2025 | $215M | +12% |
| Q2 2025 | $187M | +24% |
| Q1 2025 | $209M | +29% |
From Nerdwallet's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Nerdwallet make money?
Nerdwallet (NRDS) made $240M of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Consumer brought in $214M (90%); SMB brought in $25.1M (10%). Of every dollar of revenue, 8¢ was left as operating profit, 6¢ was left as net earnings.
What is Nerdwallet's biggest business?
Consumer: $214M in the third quarter 2026, 90% of revenue, +12% from a year earlier.
What is Nerdwallet's profit margin?
Net earnings were $14.9M, 6.2% of revenue, in the third quarter 2026; the operating margin was 8.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.