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Chime raises 2026 revenue forecast on robust demand, CFO to step down
['Manya Saini', 'Wed', 'August At Pm Gmt', 'Min Read']
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Payments revenue at Chime, including outbound instant transfer, increased 21% in the second quarter.
Chime now expects revenue to rise 25% to 26% in 2026 versus expectations of 22.7%, according to estimates compiled by LSEG.
It forecast current-quarter revenue between $680 million and $690 million, above analysts' estimates of $668.1 million.
DEMAND BOOMThe company said Chime Prime powered its growth in the second quarter, adding that its fastest-growing segment continues to be customers making $75,000 and more annually.
Last week, Chime said it would cut 10% of its workforce, joining a growing list of companies using AI-driven efficiencies to streamline operations.