Clear Secure, Inc. (NYSE:YOU) released its third-quarter 2026 financial results on November 4, 2026, reporting revenue of $292.9 million, net income of $75.3 million, and membership growth to 46.7 million total CLEAR Members.

Key Highlights

  • Revenue of $292.9 million was up 27.8% year-over-year for the three months ended September 30, 2026, according to the filing.
  • Total Bookings reached $323.5 million, an increase of 24.4% year-over-year, as reported in the filing.
  • Net income of $75.3 million represented a 25.7% net income margin, with 600 basis points of year-over-year margin expansion, the company disclosed.
  • Adjusted EBITDA of $103.9 million represented a 35.5% Adjusted EBITDA margin and 490 basis points of year-over-year margin expansion, per the filing.
  • Total CLEAR Members grew to 46.7 million, up 30.7% year-over-year, and Active CLEAR+ Members reached 8.5 million, up 14.5% year-over-year, as of September 30, 2026.
  • Approximately $191.4 million returned to shareholders in Q3 2026, including $170.9 million in share repurchases and $20.5 million in dividends, the company reported.
  • Board authorized a $175.0 million increase to the existing Class A Common Stock repurchase program, resulting in an aggregate remaining authorization of approximately $254.4 million.

Clear Secure Q3 2026 Financial and Operational Results

According to the filing, Clear Secure reported revenue of $292.9 million for the three months ended September 30, 2026, compared to $229.2 million in the same period a year earlier. Operating income was $82.9 million, representing a 28.3% operating income margin. Earnings per Common Share were $0.53 basic and $0.52 diluted. The company also disclosed that net cash used in operating activities was $(98.6) million and Free Cash Flow was $(103.8) million, with both figures reflecting "the approximately $315 million settlement of our accrued partnership liabilities."

On the operational side, the filing stated that CLEAR operated at 62 CLEAR+ airports and 285 retail locations offering TSA PreCheck Enrollment Provided by CLEAR as of September 30, 2026, with a launch at Tampa International Airport in early November bringing the network to 63 airports. The company also reported that eGates had launched across 53 airports as of the filing date, and CLEAR Concierge was available at 42 airports. The filing noted a pilot announced with the U.S. Department of Veterans Affairs in October.

Regarding capital allocation, the filing disclosed that the Board of Directors declared a quarterly cash dividend of $0.15 per share, payable on December 24, 2026, to shareholders of record as of December 10, 2026. For the full year 2026, the company disclosed that Free Cash Flow guidance was increased from at least $480 million to at least $490 million, representing at least 42.8% year-over-year growth. Fourth quarter 2026 revenue guidance was set at $299-302 million, representing 24.8% year-over-year growth at the midpoint, according to the filing. CEO Caryn Seidman Becker was quoted in the filing as stating: "CLEAR's secure identity platform extends from homeland security to cybersecurity."

What Was Disclosed

Clear Secure disclosed Q3 2026 revenue of $292.9 million, net income of $75.3 million, and membership reaching 46.7 million total CLEAR Members, along with a $175.0 million increase to its share repurchase authorization and a $0.15 per share quarterly dividend.