Slide 1: Q1 2026 Results
Q1 2026 Results May 11, 2026 Green Dot Corporation
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains statements that constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements
Slide 3: Safe Harbor Statement (Continued)
Safe Harbor Statement (Continued) Additional factors which could affect future results of Green Dot can be found in Green Dot’s filings with the Securities and Exchange Commission (the “SEC”), including in Green Dot’s Annual Report on Form 10-K for the year ended December 31, 2025, as amended, under
Slide 4: Key Q1 Highlights and Themes
Key Q1 Highlights and Themes Revenue momentum remains solid with growth of 17%; Led by B2B Q1 2026 Non-GAAP Results and Money Movement segments Adjusted EBITDA increased 13% Non-GAAP Revenue1 up 17% B2B segment revenue growth continues Revenue growth fueled a 13% rise in to benefit from the growth o
Slide 5: Consolidated Results
Consolidated Results Non-GAAP Revenue1 Adjusted EBITDA1 Non-GAAP Revenue1 of $652M increased 17% • Consumer Services of $86.5M was down 9%. • B2B Services revenue of $417.5M was up 22%. • Money Movement revenue of $130.7M was up 19%. Adjusted EBITDA1 of $102.4M was up 13% • The adjusted EBITDA margi
Slide 6: Consolidated Key Metrics
Consolidated Key Metrics Active Accounts1 Gross Dollar Volume (GDV) Active accounts1 decreased 4% • Active accounts were down on a year over year basis, as growth in B2B Services active accounts of 7% was offset by a 16% decline in Consumer Services active accounts from ongoing headwinds. • Within C
Slide 7: Consumer Services Segment
Consumer Services Segment Segment Revenue Segment Profit Segment revenue declined 9% • After benefitting from initial impact of launching PLS in mid-2024, revenue declines reflect the ongoing headwinds in the Retail channel and reduced marketing spend in the Direct channel. • Revenue in the Retail c
Slide 8: B2B Services Segment
B2B Services Segment Segment Revenue Segment Profit Segment revenue increased 22% • Though growth remains largely driven by a key BaaS partner, the rest of the BaaS division also continues to see growth in active accounts driven by growth of existing partners and the launch of new partners. • rapid!
Slide 9: Money Movement Services Segment
Money Movement Services Segment Segment Revenue Segment Profit Segment revenue increased 19% • The Money Processing division saw a decline in revenue, but this was mitigated by solid growth in the tax business. The Green Dot Network, a component of the Money Processing channel, continues to see year
Slide 10: Appendix: Segment Information
Appendix Segment Information 10 Green Dot Corporation
Slide 11: Reconciliation of Segment Revenues
Reconciliation of Segment Revenues $ In millions Green Dot's segment reporting is based on how its Chief Operating Decision Maker (“CODM”) manages its businesses, including resource allocation and performance assessment. Its CODM (who is the Chief Executive Officer) organizes and manages the busines
Slide 12: Reconciliation of Segment Profits
Reconciliation of Segment Profits $ In millions Green Dot Corporation
Slide 13: Appendix: Division Information
Appendix Division Information 13 Green Dot Corporation
Slide 14: Retail division
Retail division Revenue Active Accounts1 Revenue was down 9% • Revenue declines reflect a decline in active accounts. However, revenue declines remain more moderate than prior years as secular headwinds remain partially offset by the positive impact of FSC partner launches and increased utilization
Slide 15: Direct division
Direct division Revenue Active Accounts1 Revenue declined 10% • Revenue growth remains under pressure due to a decline in active accounts that is driven in part to by a pullback in marketing spend over the last several quarters and the continued decline in legacy products as result of the decision t
Slide 16: BaaS division
BaaS division Revenue Active Accounts1 Revenue increased 24% • Revenue growth was primarily driven by a large strategic partner though the rest of the BaaS business also saw growth in active accounts and volume in the quarter driven by new partner launches and the growth of existing partners and new
Slide 17: rapid! Paycard division
rapid! Paycard division Revenue Active Accounts1 Revenue declined 12% • Revenue declines are driven by the continued decline in active accounts which resulted in lower purchase volumes and interchange revenue. ATM fees were also under pressure as consumers are withdrawing cash less frequently. Activ
Slide 18: Money Processing division
Money Processing division Revenue Revenue Generating Transfers-GDOT Issued Revenue declined 12% • Declines remain largely driven by the decline in transactions from Green Dot-issued active accounts in the Consumer Services segment though there was a modest decline in 3rd party transactions. Revenue
Slide 19: Tax Processing division
Tax Processing division Revenue Tax Refunds Processed Revenue increased 28% • The Tax Processing division saw revenue increase due to the successful launch of a new large franchise partner as well as the strong adoption of additional products and services across its network of partners and customers
Slide 20: Appendix: Non-GAAP Financial Measures
Appendix Non-GAAP Financial Measures 20 Green Dot Corporation
Slide 21: About Non-GAAP Financial Measures
About Non-GAAP Financial Measures To supplement Green Dot's consolidated financial statements presented in accordance with accounting principles generally accepted in the United States of America ("GAAP"), Green Dot uses measures of operating results that are adjusted for, among other things, non-op
Slide 22: Non-GAAP Financial Measures
Non-GAAP Financial Measures Green Dot Corporation
Slide 23: Non-GAAP Financial Measures
Non-GAAP Financial Measures Green Dot Corporation
Slide 24: Non-GAAP Financial Measures
Non-GAAP Financial Measures Green Dot Corporation
Slide 25: Non-GAAP Financial Measures
Non-GAAP Financial Measures Green Dot Corporation
Slide 26: Non-GAAP Financial Measures
Non-GAAP Financial Measures 1) To supplement Green Dot’s consolidated financial statements presented in accordance with GAAP, Green Dot uses measures of operating results that are adjusted to exclude various, primarily non-cash, expenses and charges. These financial measures are not calculated or pr
Slide 27: Non-GAAP Financial Measures
Non-GAAP Financial Measures Green Dot understands that, although adjusted EBITDA and other non-GAAP financial measures are frequently used by investors and securities analysts in their evaluations of companies, these measures have limitations as an analytical tool, and you should not consider them i
Slide 28: Non-GAAP Financial Measures
Non-GAAP Financial Measures 5) Green Dot excludes certain income and expenses that are not reflective of ongoing operating results. It is difficult to estimate the amount or timing of these items in advance. Although these events are reflected in Green Dot's GAAP financial statements, Green Dot excl