Chime raises annual revenue forecast on robust demand

Chime raised its full-year revenue growth forecast, citing continued demand for its digital banking products and resilient consumer spending. Its shares rose nearly 5.8 per cent to $31.60 in after-hours trading after the announcement.

The San Francisco-based company now expects revenue growth of 28 per cent in 2026, compared with analysts’ estimate of 26.6 per cent. It forecast fourth-quarter revenue of $757 million to $767 million, above the $745.6 million expected by analysts. Third-quarter revenue rose 32 per cent year on year to $718 million, while average revenue per active member increased 10 per cent to $270; Chime had nearly 11 million active members.