Quarterly ResultMay 11, 2026, 04:23 PM
Green Dot Q1 Revenue $656.2M, Net Income +109% to $53.7M, EPS $0.93
AI Summary
Green Dot Corporation reported strong first-quarter 2026 financial results, with total operating revenues increasing 17% to $656.2 million and net income surging 109% to $53.7 million. Diluted earnings per common share rose 98% to $0.93. The company also provided an update on its proposed acquisition by Smith Ventures and CommerceOne, noting progress with regulatory applications filed and the registration statement declared effective. Due to the pending transactions, Green Dot will not host an earnings conference call or provide 2026 financial guidance.
Key Highlights
- Proposed acquisition by Smith Ventures and CommerceOne progressing, S-4 declared effective May 8, 2026.
- Total operating revenues increased 17% to $656.2 million for Q1 2026.
- Net income grew 109% to $53.7 million for the quarter.
- Diluted earnings per common share rose 98% to $0.93.
- Non-GAAP diluted EPS increased 6% to $1.12.
- B2B Services revenue increased 22% to $417.5 million.
- Money Movement Services revenue increased 19% to $130.7 million.
- Consumer Services revenue decreased 9% to $86.5 million.