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Dec 31, 2025
NerdWallet Q4 2025 Earnings Report
NerdWallet reported fourth quarter 2025 financial results with 23% year-over-year revenue growth.
Key Takeaways
NerdWallet delivered a strong Q4 2025 with revenue reaching $225.4 million, driven by significant growth in personal loans and banking products. Despite headwinds in organic search traffic affecting credit cards and SMB segments, the company achieved a GAAP net income of $14 million and expanded its share repurchase program.
Q4 revenue grew 23% year-over-year to $225.4 million, led by a 141% surge in Loans revenue.
Organic search headwinds from AI overviews and LLMs impacted Credit Cards and SMB product revenues, which declined 24% and 12% respectively.
GAAP net income for the quarter was $14.0 million, or $0.19 per diluted share.
The Board of Directors approved a $100 million increase to the share repurchase program, bringing the total authorization to $225 million.
Revenue by Segment
Forward Guidance
NerdWallet expects continued revenue growth in Q1 2026 and has provided full-year targets for operating income and EBITDA.
Positive Outlook
- Q1 2026 revenue expected between $224-$232 million, up 9% at midpoint.
- Full year 2026 Adjusted EBITDA projected between $143-$158 million.
- Full year 2026 Non-GAAP operating income expected between $95-$110 million.
- Anticipated growth in personal loans and banking products to continue.
- Increased share repurchase authorization provides flexibility for capital return.
Challenges Ahead
- Organic search traffic expected to remain challenged by AI overviews and LLMs.
- Credit cards segment facing continued headwinds.
- SMB products segment experiencing year-over-year declines.
- GAAP operating income for FY 2026 expected to be lower than Non-GAAP due to depreciation and amortization.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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