Chime Financial Reports Q3 2026 Growth with Record MyPay Volume and Third Consecutive Quarter of Profitability
Chime Financial (CHYM) delivered a strong third quarter for 2026, reporting revenue of $718 million, a 32% increase year-over-year. The company achieved its third consecutive quarter of GAAP profitability with a net income of $44 million and reached a significant milestone by hitting its long-term gross margin target of 90%. Growth was primarily driven by the scaling of platform products and an increase in active members, which rose 20% year-over-year to 10.9 million. Key performance drivers included record MyPay origination volume of $5.3 billion and a significant rise in Instant Loans annualized revenue, which surpassed previous full-year targets. While the company saw improved transaction margins due to lower fraud and processing costs, management noted a slight sequential increase in loan loss rates to 1.1% due to higher losses on first-time loans. Looking ahead, Chime provided optimistic full-year revenue guidance of approximately $2.8 billion.
Tickers: $CHYM
Topics: Fintech Loan Origination Profitability Revenue Growth User Growth