Green Dot 3Q 2026: Revenue $601.09M, EPS ($0.13) — 10-Q Summary
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Green Dot’s third-quarter revenue rose 21.5% year over year, while its net loss narrowed. Growth in B2B Services, driven by higher gross dollar volume and program management fees, more than offset weaker Consumer Services results; increased processing costs partly offset the revenue gains.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $601.09M | $494.83M | 21.5% |
| Net income² | ($7.39M) | ($30.79M) | 76% |
| Diluted EPS³ | ($0.13) | ($0.56) | 76.8% |
¹ Reported as “Total operating revenues”. ² Reported as “Net (loss) income”. ³ Reported as “Diluted (loss) earnings per common share”.
Business Highlights
- B2B Services: Revenue increased 30%; gross dollar volume rose 22% and active accounts grew 6% year over year.
- Consumer Services: Revenue fell 8%; active accounts declined 15% and purchase volume fell 8%, reflecting consumer and competitive pressures.
- Money Movement Services: Revenue declined 2%, as tax refunds processed fell 25%; cash transfers processed increased 2%.
- Processing costs: Processing expenses increased 33%, principally due to g...