Chime Lifts 2026 Revenue Forecast on Robust Demand; CFO to Step Down

Digital banking platform Chime has boosted its revenue growth forecast for 2026, exceeding Wall Street expectations on the back of robust demand for its mobile-first financial services.

The company anticipates revenue to increase between 25% and 26% in 2026, surpassing the previously estimated 22.7%. This optimistic outlook comes as Chime continues to attract younger customers and expand its offerings into areas like investing. A resilient U.S. consumer base has further fueled the fintech sector's momentum, supporting payment volumes and customer activity. Chime's payments revenue, including instant transfers, saw a 21% rise in the second quarter.

"We continue to see signs of a healthy consumer," stated CEO Chris Britt, highlighting sustained resilience across various income segments and spending categories. The company expects current-quarter revenue to range from $680 million to $690 million, also above analysts' predictions of $668.1 million. Chime's active membership grew 20% year-over-year to 10.4 million, with average revenue per active member increasing by 6% to $260.

In parallel with its positive financial projections, Chime announced a significant leadership change. Longtime Chief Financial Officer Matt Newcomb will step down later this week, concluding a decade-long tenure during which he helped guide the company through its initial public offering in June 2025. Mark Troughton, the company's president, will assume the role of interim CFO. These developments follow Chime's recent decision to cut 10% of its workforce, a move the company attributed to streamlining operations through AI-driven efficiencies. Despite these workforce adjustments, Chime reported a net income of $28 million for its latest quarter, its second consecutive profitable period.

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We continue to see signs of a healthy consumer.