Key facts
- Chime forecast fourth-quarter revenue of $757 million to $767 million, above analysts' estimates of $745.6 million.
- Average revenue per active member rose 10% to $270 in the third quarter.
- Interim CFO Mark Troughton told Reuters consumers remain resilient despite concern about affordability.
Chime raised its forecast for full-year revenue growth above Wall Street estimates on November 4, betting on sustained demand for its digital banking products. The San Francisco-based fintech firm now expects revenue growth of 28% in 2026, compared with an expectation of 26.6%, according to estimates compiled by LSEG.
It forecast fourth-quarter revenue between $757 million and $767 million, above analysts' estimates of $745.6 million. The company reported revenue of $718 million for the third quarter, up 32% over last year.
Chime's purchase volume, including outbound instant transfer, increased 22% year over year to $40 billion in the quarter, while active members grew 20% to 10.9 million. Average revenue per active member increased 10% to $270.
"While consumers are expressing concern about affordability, the reality is they're actually remaining very resilient and confident in how they spend," Mark Troughton, interim CFO, told Reuters, adding that the company was seeing "a very strong and resilient consumer."