Description

CLEAR’s $296 Million Booking Quarter — Can Growth Stay Above 20%?

CLEAR Corporation, a secure identity platform company, reported its fiscal second-quarter 2026 results emphasizing strong growth and expanding margins. The company ended the quarter with nearly 44 million total members, generating $296 million in bookings and $189 million in free cash flow, representing 33% and 60% year-over-year growth respectively. For the first time, CLEAR exceeded its 35% adjusted EBITDA margin target set at its IPO, achieving 36.4%, attributed to robust bookings growth and operational efficiencies. CLEAR’s strategy comprises two core segments: CLEAR Travel and CLEAR1, its business-to-business identity infrastructure platform. The travel segment expanded its airport network from 38 to 62 locations over five years, with active CLEAR+ members growing roughly 3.5 times to 8.3 million. CLEAR Travel focuses on creating a seamless “Home to Gate” experience encompassing mobility, security, and concessions. The relaunched mobile app, now averaging 1 million monthly users, offers calendar sync, personalized guidance, and real-time updates.