Nerdwallet (NRDS) Operating Expenses (2021 - 2026)
Nerdwallet's Operating Expenses came in at $190.3 million for Q2 2026, up 8.0% from $176.2 million a year earlier but down 2.4% from the prior quarter.
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Analysis
Nerdwallet (NRDS) Operating Expenses (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Nerdwallet reported Operating Expenses of $772 million, up 3.7% year-over-year; for FY2025, it was $771.4 million, up 13.7% from FY2024.
- Operating Expenses has increased in each of the last six years, with a five-year compound annual growth rate of 25.9% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $678.2 million in FY2024 (+13.8%), $595.8 million in FY2023 (+6.8%), $557.9 million in FY2022 (+33.3%) and $418.6 million in FY2021 (+72.0%).
- The five-year range for quarterly Operating Expenses is $92.2 million (Q3 2021) to $208.5 million (Q1 2025).
- Year-over-year, Operating Expenses increased in six of the last eight quarters, with growth averaging 14.8%.
- The fastest year-over-year change in Operating Expenses over five years came in Q3 2022 (growth of 64.2%), and the weakest in Q1 2024 (a decline of 7.2%).
- Business Quant data shows NRDS's Operating Expenses at $195 million (Q1 2026), $206 million (Q4 2025) and $180.7 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,126.42 Bn | 3,883.94 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,763.57 Bn | 1,466.09 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Netflix | 287.17 Bn | 247.37 Bn | 6.52 Bn | 1.51 Bn |
| 4 | Alibaba Group Holding | 252.08 Bn | 65.86 Bn | 15.11 Bn | -5.17 Bn |
| 5 | Shopify | 224.54 Bn | 201.72 Bn | 1.71 Bn | 1.22 Bn |
| 6 | Uber Technologies | 140.28 Bn | 112.08 Bn | 6.38 Bn | 12.30 Bn |
| 7 | Booking Holdings | 125.81 Bn | 58.86 Bn | - | 4.85 Bn |
| 8 | PDD Holdings | 114.10 Bn | -129.68 Bn | 9.45 Bn | -5.39 Bn |
| 9 | Spotify Technology | 108.24 Bn | 65.74 Bn | 1.86 Bn | 640.46 Mn |
| 10 | Nerdwallet | 683.88 Mn | 346.68 Mn | 183.90 Mn | 190.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 190.30 Mn |
| Mar 31, 2026 | 195.00 Mn |
| Dec 31, 2025 | 206.00 Mn |
| Sep 30, 2025 | 180.70 Mn |
| Jun 30, 2025 | 176.20 Mn |
| Mar 31, 2025 | 208.50 Mn |
| Dec 31, 2024 | 175.10 Mn |
| Sep 30, 2024 | 184.70 Mn |
| Jun 30, 2024 | 160.20 Mn |
| Mar 31, 2024 | 158.20 Mn |
| Dec 31, 2023 | 129.10 Mn |
| Sep 30, 2023 | 148.80 Mn |
| Jun 30, 2023 | 147.50 Mn |
| Mar 31, 2023 | 170.40 Mn |
| Dec 31, 2022 | 134.10 Mn |
| Sep 30, 2022 | 151.40 Mn |
| Jun 30, 2022 | 134.20 Mn |
| Mar 31, 2022 | 138.20 Mn |
| Dec 31, 2021 | 108.90 Mn |
| Sep 30, 2021 | 92.20 Mn |
API Access
Nerdwallet Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=NRDS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "NRDS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=NRDS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();