Clear Secure Raises Quarterly Dividend 20% to $0.15, Declares $0.20 Special Dividend
Clear Secure, Inc., a biometric identity verification platform provider, announced a 20% increase in its quarterly dividend to $0.15 per share and declared a special dividend of $0.20 per share. Both payments are scheduled for March 24, 2026.
Clear Secure, Inc. (NYSE: YOU), a biometric identity verification platform operating at airports and retail locations, announced that its Board of Directors declared a quarterly cash dividend of $0.15 per share, a 20% increase from the prior quarterly dividend of $0.125 per share. The Board also declared a special cash dividend of $0.20 per share. Read more dividend announcements.
Both dividends are payable on March 24, 2026 to shareholders of record of Class A Common Stock and Class B Common Stock as of March 10, 2026.
| Dividend Type | Amount per Share | Record Date | Payment Date |
|---|---|---|---|
| Quarterly Cash | $0.15 | March 10, 2026 | March 24, 2026 |
| Special Cash | $0.20 | March 10, 2026 | March 24, 2026 |
The company returned approximately $16.7 million to shareholders in the fourth quarter of 2025 through its regular quarterly dividend of $0.125 per share and distributions.
Expanded Share Repurchase Program
Clear Secure's Board of Directors also authorized a $125.0 million increase to its existing Class A Common Stock share repurchase program. The expanded authorization brings the aggregate remaining amount available for repurchases to approximately $250.3 million.
Fourth Quarter and Full Year 2025 Results
The company reported fourth quarter 2025 revenue of $218.2 million, representing 15.3% year-over-year growth. Full year 2025 revenue reached $907.0 million, up 16.3% from the prior year.
Adjusted EBITDA for the full year totaled $262.2 million, representing a 29.1% margin and 480 basis points of year-over-year margin expansion. The company generated $372.5 million in net cash from operating activities and $343.1 million in free cash flow for the year.
Earnings per Common Share Basic and Diluted for the full year were $1.14 and $1.12, respectively.
Membership and Operational Metrics
Total CLEAR Members grew to 38.0 million, up 31.5% year-over-year. Active CLEAR+ Members reached 7.6 million in the fourth quarter, up 6.0% from the prior year.
The company operates at 60 CLEAR+ airports and 340 retail locations offering TSA PreCheck enrollment services. Its eGates technology has launched across 37 airports as of today, with a network-wide rollout planned for 2026.
Clear Secure renewed its multi-year partnership with American Express, continuing to offer CLEAR+ as an embedded benefit on select card products. The company's CLEAR Concierge premium airport service is now available at 27 airports.
2026 Guidance
For the first quarter of 2026, Clear Secure expects revenue of $242 million to $245 million, representing 15.2% year-over-year growth at the midpoint. Total bookings are projected at $248 million to $253 million, representing 20.9% growth at the midpoint.
The company guided to full year 2026 free cash flow of at least $440 million, representing at least 28.2% year-over-year growth.