Clear Secure Reports Strong Q3 2026 Financial Results

NEW YORK, Nov. 4, 2026 /CourierPR/ -- Clear Secure, Inc., the secure identity company, reported strong financial results for the third quarter of 2026. The company's revenue reached $292.9 million, marking a 27.8% increase from the same period in the previous year. Total bookings also saw a significant rise, reaching $323.5 million, up 24.4% year-over-year.

Operating income stood at $82.9 million, representing a 28.3% margin. Net income amounted to $75.3 million, with a net income margin of 25.7%, and an expansion of 600 basis points year-over-year. Adjusted EBITDA reached $103.9 million, with a margin of 35.5%, and an increase of 490 basis points year-over-year. Earnings per common share, both basic and diluted, were $0.53 and $0.52, respectively.

Cash flow management was a highlight, with net cash used in operating activities at $(98.6) million and free cash flow at $(103.8) million. These figures reflect the approximately $315 million settlement of the company's accrued partnership liabilities.

In terms of membership growth, Clear Secure reported a total of 46.7 million CLEAR Members, a 30.7% increase from the previous year. Active CLEAR+ Members grew to 8.5 million, up 14.5% year-over-year, as of September 30, 2026. The company's network expanded to include 62 CLEAR+ airports and 285 retail locations with TSA PreCheck® Enrollment Provided by CLEAR, bringing the total to 63 CLEAR+ airports. Additionally, eGates were launched across 53 airports, with the expectation to cover the vast majority of the network by the end of 2026.

Clear Secure also introduced CLEAR Concierge, a premium, personalized airport service now offered at 42 airports. The company announced a pilot with the U.S. Department of Veterans Affairs in October to reimagine the veteran experience across digital and physical touchpoints.

In capital allocation activities, the company returned approximately $191.4 million to shareholders. This included $20.5 million related to the regular quarterly dividend of $0.15 per share and distributions, and $170.9 million related to share repurchases. Clear Secure's Board of Directors authorized a $175.0 million increase to its existing Class A Common Stock share repurchase program, resulting in an aggregate remaining authorization of approximately $254.4 million. The Board also declared a quarterly cash dividend of $0.15 per share, payable on December 24, 2026, to shareholders of record as of the close of business on December 10, 2026.

For the fourth quarter of 2026, Clear Secure guided revenue to a range of $299-302 million, representing 24.8% year-over-year growth at the midpoint. Total bookings were projected to be between $335-340 million, with 17.6% year-over-year growth at the midpoint. The company also raised its full-year 2026 free cash flow guidance to at least $490 million, representing at least 42.8% year-over-year growth.