Clear Secure (YOU) Q2 FY26 earnings call

Earnings call· Jun 2026 (Q2 FY26)· Information Technology· Aug 5, 2026

Source: earnings call transcript

Clear Secure delivered a strong quarter, marked by record free cash flow and significant margin expansion, driven by robust demand across its CLEAR Travel and CLEAR1 platforms. The company continues to invest in its secure identity infrastructure, expanding its network and product offerings while maintaining disciplined operational execution. Management is focused on the Home to Gate strategy for travel and leveraging its identity framework to combat fraud in the GovTech and healthcare verticals, positioning for continued growth and ARPU expansion.

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YOU operating KPIs by quarter

YOU operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Dec 2025 Q4 FY25	Mar 2026 Q1 FY26	This call Jun 2026 Q2 FY26	Change vs prior quarter
Active CLEAR+ Members	7.6M Q4 active CLEAR+ Members grew to 7.6 million, up 6% year-over-year and reflect a onetime cleanup of lapsed accounts as part of a billing system transformation project undertaken during 2025. Source: earnings call transcript	8.2M Total bookings increased 40.8% to $291.7 million and active CLEAR+ members grew to 8.2 million, up 13% year-over-year. Source: earnings call transcript	—	+7.9%
Total CLEAR Members	—	41M We ended this quarter with 41 million total CLEAR members, driving bookings of $292 million and free cash flow of $185 million. Source: earnings call transcript	43.5M The growing demand for our B2B offerings drove 30% year-over-year growth in total CLEAR members, reaching 43.5 million in the second quarter. Source: earnings call transcript	+6.1%
Ambassadors	3,500 And I think I'd just add that one of the benefits that we have from the member experience, improvements that we've had over the last year and implementing the eGates is that our ambassadors, right, 3,500 strong across our 60 airports can increasingly focus on hospitality and the customer experience in the airports. Source: earnings call transcript	3,500+ We stood with our partners supporting them and their families and over 3,500 CLEAR ambassadors worked hand in glove with the TSA to keep travelers moving pre and post security. Source: earnings call transcript	—	—
Airports Concierge	—	32 We are now offering Concierge service in 32 airports and remain in the early innings of scaling Concierge across our network, driving member awareness and adoption. Source: earnings call transcript	39 We expanded our network with Indianapolis and Bentonville representing the two newest CLEAR+ airports, and Concierge expanding to seven additional locations now available in 39 airports. Source: earnings call transcript	+21.9%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.