CLEAR Posts Strong Q2 2026 Growth with 26% Revenue Surge — Clear Secure, Inc.

Event summary

CLEAR reported Q2 2026 revenue of $277.8 million, up 26.6% YoY.
Total bookings increased by 32.8% YoY to $295.9 million.
Active CLEAR+ members grew to 8.3 million, a 15.2% YoY increase.
Adjusted EBITDA margin expanded by 900 basis points to 36.4%.
Free cash flow reached $189.0 million for the quarter.

The big picture

CLEAR's Q2 2026 results highlight its strategic positioning as a leader in secure identity solutions, particularly in the travel sector. The company's ability to expand its member base and operational footprint while maintaining strong profitability metrics underscores its competitive advantage. As identity verification becomes increasingly critical infrastructure, CLEAR's growth trajectory will be closely watched by investors and industry participants alike.

What we're watching

Market Expansion: The pace at which CLEAR can sustain its airport and retail location expansions will determine its ability to maintain growth momentum.
Operational Efficiency: Whether CLEAR can continue expanding EBITDA margins while scaling operations across new verticals.
Competitive Dynamics: How first-party identity verification solutions may impact CLEAR's market position and growth trajectory.