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Clear Secure (YOU) operating margin by quarter

Clear Secure's operating margin was 28.3% in Q3 2026 (third quarter 2026), -1.5 pts from Q2 2026. Over the last 7 quarters it ranged from 17.7% (Q1 2025) to 29.9% (Q2 2026).

Clear Secure operating margin by quarterClear Secure operating margin by quarter17.7%Q1 202519.4%Q2 202523.0%Q3 202522.4%Q4 202524.5%Q1 202629.9%Q2 202628.3%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202628.3%-1.5 pts+5.4 pts
Q2 202629.9%+5.4 pts+10.5 pts
Q1 202624.5%+2.1 pts+6.8 pts
Q4 202522.4%-0.6 pts—
Q3 202523.0%+3.6 pts—
Q2 202519.4%+1.7 pts—
Q1 202517.7%——

Q3 2026 at a glance

Clear Secure, Q3 2026: revenue $293M (+28% year over year), operating margin 28.3%, net earnings $53.2M, operating cash flow −$98.6M. The chart follows the revenue to costs, profit and cash.

Questions

What is Clear Secure's operating margin?

Clear Secure's operating margin was 28.3% in Q3 2026 (third quarter 2026), -1.5 pts from Q2 2026.

How has Clear Secure's operating margin changed?

Over the last 7 quarters it ranged from 17.7% (Q1 2025) to 29.9% (Q2 2026).

Q3 2026 results → · How Clear Secure makes money →