To the full analysis
NerdWallet stock: growth
NRDSNerdWallet reported $836.6M in revenue for fiscal 2025, up 21.7% on the prior year, up 27.8% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
24.2%
per year from 2019 to 2025, per share 21.7%
Earnings (Annual rate)
12.4%
per year from 2019 to 2025, per share 10.1%
Free cash flow (Annual rate)
41%
per year from 2019 to 2025, per share 38.2%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2019 | |
|---|---|---|
| Revenue | 27.8% | 24.2% |
| Revenue per share | 24.8% | 21.7% |
| Earnings | 55.8% | 12.4% |
| Earnings per share | 52.3% | 10.1% |
| Free cash flow | no data | 41.0% |
| Free cash flow per share | no data | 38.2% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2019 | $228.3M | $24.2M | $16.6M |
| 2020 | $245.3M | $5.3M | −$3.3M |
| 2021 | $379.6M | −$42.5M | −$15.8M |
| 2022 | $538.9M | −$10.2M | −$7.2M |
| 2023 | $599.4M | −$11.8M | $42.6M |
| 2024 | $687.6M | $30.4M | $71.2M |
| 2025 | $836.6M | $48.7M | $130.3M |
Revenue by segment
How NerdWallet, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Insurance34%
- Emerging Verticals23%
- Credit Card16%
- Loans16%
- Other12%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2024 | 2025 | Share 2025 | |
|---|---|---|---|
| Insurance | $191.6M | $280.8M | 33.6% |
| Emerging Verticals | $125.3M | $189M | 22.6% |
| Credit Card | $176.4M | $133.4M | 15.9% |
| Loans | $84.5M | $133.4M | 15.9% |
| Other | $109.8M | $100M | 12% |
| Total revenue | $687.6M | $836.6M | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 7 Nov 2026, previously Strong
- Valuation signal Undervalued since 7 Nov 2026, previously Fairly valued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.