Waterdrop Reports Strong Q2 Earnings with Revenue Growth, Profitability, and Shareholder Returns
Waterdrop (NYSE: WDH) reported second-quarter revenue of RMB 1.45 billion for the quarter ended June 30, 2026, representing a year-over-year increase of 72.8%. The company remained profitable for its 18th consecutive quarter with net profit attributable to ordinary shareholders at approximately RMB 126 million. Management set ambitious targets for full-year revenue growth exceeding 40% and operating-profit growth above 10% in 2026. The insurance segment was a key driver, generating RMB 1.33 billion in Q2 revenue—a year-over-year increase of 80.5%. The company is investing heavily in customer acquisition while leveraging AI to enhance product matching and underwriting efficiency. New customers rose by 32.3% sequentially, with first-year premiums for long-term insurance increasing by 33.4%. Waterdrop also announced a $0.03-per-ADS dividend and initiated a share repurchase program of up to $50 million over the next year. The company ended Q2 with RMB 2.65 billion in cash and related investments, supporting its growth initiatives.
Topics: insurance_expansion profitability revenue_growth shareholder_returns