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YOUBullishEarningsShort Term

High materiality8/10

CLEAR Announces Second Quarter 2026 Financial Results

StockNews.AIAug 5, 6:00 AM EDT1 source

Trading thesisImportance 8/10

Bullish into 2026; leverage improving margins and cash flow, plus dividend support; set up for positive Q3 print and full-year upside.

AI summary

What happened and why it matters

Clear Secure delivered a robust Q2 2026 with revenue $277.8M (+26.6%) and bookings $295.9M (+32.8%). Margin expansion supports raised 2026 guidance, including Free Cash Flow of at least $480M, and a $0.15 per-share dividend. Growth in CLEAR+ and airport network expansion underpin continued cash generation and longer-term upside.

Adjusted EBITDA margin at 36.4%, up 900 bps YoY and above 35% target.
Full-year free cash flow guidance raised to at least $480M.
Dividend declared: $0.15 per share payable Sept 24, 2026.
CLEAR+ expansion: 62 airports; 50 with eGates; 8.3M Active CLEAR+ Members.

Sentiment rationale

Material upside in revenue, bookings, margins, and FCF; dividend adds yield; raised guidance reduces uncertainty and supports multiple expansion.

Key facts

01
Q2 2026 revenue $277.8M, +26.6% YoY; bookings $295.9M, +32.8% YoY.
02
Operating income $83.0M; net income $72.3M; margins ~29.9%/26%.
03
Adjusted EBITDA $101.1M; 36.4% margin; 900 bps YoY expansion, above 35% target.
04
Q2 cash flow strong: OpCF $201.2M; Free Cash Flow $189.0M; dividend declared.
05
Guidance raised: Q3 revenue $284-287M; full-year FCF ≥$480M; dividend $0.15/share.

Earnings

Category: Earnings. Fits as CLEAR reports quarterly results, non-GAAP metrics, and forward-looking guidance that drive valuation and cash-flow expectations.