Clear Secure reported a 28% increase in third-quarter revenue Wednesday as its paid airport-membership base and biometric identity network continued to expand.

The New York-based company said revenue reached $292.9 million for the quarter ended September 30, up 27.8% from a year earlier. Net income was $75.3 million, while operating income totaled $82.9 million, or 28.3% of revenue.

CLEAR's total registered membership rose 30.7% to 46.7 million. Active CLEAR+ members increased 14.5% to 8.5 million. The company defines active members to include paying members, associated family accounts and people in trials or billing grace periods.

The company's airport network stood at 62 locations at the end of September and expanded to 63 with the early-November launch at Tampa International Airport. CLEAR said its automated eGate technology was operating at 53 airports and that its TSA PreCheck enrollment service was available at 285 retail locations.

The company forecast fourth-quarter revenue of $299 million to $302 million and bookings of $335 million to $340 million. It also raised its full-year free-cash-flow forecast to at least $490 million from at least $480 million.

Quarterly operating cash flow was negative $98.6 million and free cash flow was negative $103.8 million. CLEAR said both figures reflected an approximately $315 million settlement of accrued partnership liabilities. The company uses adjusted measures alongside standard accounting results, so investors should consider the reconciliations included in its release.

CLEAR returned about $191.4 million to shareholders during the quarter through dividends and repurchases. Its board authorized another $175 million for share repurchases, increasing remaining authorization to about $254.4 million, and declared a 15-cent quarterly dividend payable December 24.

The company's results are relevant to U.S. travelers and airports because CLEAR provides identity verification at security checkpoints and enrollment services for TSA PreCheck. Its separate digital-identity business also reported a pilot with the Department of Veterans Affairs.

Forward-looking guidance and repurchase plans may change with passenger demand, airport partnerships, regulation and other business conditions.

Source: - Clear Secure, “CLEAR Announces Third Quarter 2026 Financial Results,” Nov. 4, 2026