Bankrate is a publisher, aggregator, and distributor of personal finance content on the Internet. The Company provides consumers with proprietary, fully researched, comprehensive, independent and objective personal finance editorial content across multiple vertical categories including mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes.

Employee Rating

3.4More
TypeSubsidiary
Parent CompanyRed Ventures
HQNew York, US
Founded1976
Websitebankrate.com
Bankrate was founded in 1976 and is headquartered in New York, US

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Key People/Management at Bankrate

Shane Blain

Shane Blain

Chief Business Operations Officer
Greg McBride

Greg McBride

SVP, Chief Financial Analyst
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Bankrate Office Locations

Bankrate has offices in New York, Austin and Palm Beach Gardens
New York, US (HQ)
1675 Broadway
Austin, US
9430 Research Blvd Bldg 4
Palm Beach Gardens, US
3801 PGA Boulevard #555
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Bankrate Financials and Metrics

Summary Metrics

Founding Date

1976
Bankrate is a subsidiary of Red Ventures

Bankrate Revenue

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View revenue for all periods
Bankrate's revenue was reported to be $434.16 m in FY, 2016 which is a 17.2% increase from the previous period.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

457.4m544.9m370.5m434.2m

Revenue growth, %

19%(32%)17%

Cost of goods sold

151.1m85.5m171.8m227.5m

Gross profit

306.4m459.4m198.7m206.6m
Quarterly
USDQ1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

136.5m130.7m141.5m132.9m140.8m93.3m98.3m128.8m118.7m115.9m

Cost of goods sold

46.3m46.5m78.7m74.7m74.7m47.2m52.6m64.5m63.2m64.4m

Gross profit

90.2m84.2m62.8m58.2m66.0m46.1m45.7m64.3m55.5m51.5m

Gross profit Margin, %

66%64%44%44%47%49%46%50%47%44%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

56.2m83.6m230.1m141.7m236.9m176.7m

Accounts Receivable

60.5m52.6m62.0m70.9m56.1m52.2m

Prepaid Expenses

2.5m13.7m9.7m35.7m27.7m42.0m

Current Assets

144.0m153.6m308.9m256.3m321.8m270.9m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

29.3m(10.0m)(13.3m)(34.1m)

Depreciation and Amortization

52.9m60.1m58.6m42.2m

Accounts Payable

(1.2m)(1.6m)(317.0k)1.4m(1.2m)

Cash From Operating Activities

77.3m105.3m42.5m91.8m79.8m
Quarterly
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Bankrate Operating Metrics

Q1, 2014Q2, 2014Q3, 2014Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017

Credit Cards Consumer Inquiries

2.60 m2.50 m2.50 m2.80 m10.30 m2.70 m2.90 m3.30 m3.60 m12.50 m3 m3.50 m4.40 m4.20 m15 m4.10 m

Mortgage and Savings Consumer Inquiries

1.70 m1.70 m1.70 m1.60 m6.60 m1.70 m1.60 m1.70 m1.50 m6.60 m1.80 m1.80 m2.10 m2.10 m8 m2.50 m

Senior Care Consumer Inquiries

11.90 m19 m18.80 m49.70 m24 m26.80 m25.80 m22.70 m99.30 m33.10 m26 m28.60 m22.60 m110.30 m33.50 m
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Bankrate Acquisitions / Subsidiaries

Company NameDateDeal Size
LeadkarmaNovember 19, 2019
MyFinanceMarch 05, 2018
NextAdvisorMay 05, 2016
LoanTekJune 01, 2015
QuizzleApril 01, 2015
Wallaby FinancialDecember 01, 2014
Caring.comMay 08, 2014$54 m
InsuranceAgents.comMarch 29, 2012
Trouvé MediaJanuary 01, 2011
CreditCards.comJuly 05, 2010$145 m
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Bankrate Revenue Breakdown

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Bankrate revenue breakdown by business segment: 71.6% from Credit Cards, 23.1% from Banking and 5.3% from Senior Care

Bankrate Online and Social Media Presence

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Bankrate News and Updates

Bankrate named BMO Harris a 2020 Top Regional Bank

CHICAGO, March 12, 2020 /PRNewswire/ - BMO Harris Bank has been named to Bankrate's 2020 list of the top 10 U.S. regional banks. In its ranking, Bankrate cited the BMO products that offer options for fee waivers and low minimum opening balances, which are examples of how BMO helps its...

Former Bankrate CFO sentenced to 10 years in prison

The former chief financial officer of Bankrate was sentenced to 10 years in prison on charges of accounting and securities fraud, the Justice Department said. Edward DiMaria also was ordered to pay restitution of $21 million. DiMaria in June pleaded guilty to one count of conspiracy to making false …

Millennials are still crashing with their parents despite the strong economy

The number of millennial homeowners has fallen sharply since 2000 — a surprising statistic given that the economy has since recovered from the great recession, Bankrate reports.

The economy is booming, yet Americans are struggling. An award-winning author explains why

"Stop blaming yourself and start blaming the system," says Alissa Quart.

The pay increases that were supposed to come from the Trump tax law haven't shown up yet

Wage growth remained muted in the April jobs report. It suggests that the GOP tax law has still not boosted wages in the US economy. The slow pace of wage growth is a worrying sign for Republicans' 2018 midterm election fate. The April jobs report, released Friday, showed a mixed outlook for the…
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Bankrate Frequently Asked Questions

  • When was Bankrate founded?

    Bankrate was founded in 1976.

  • Who are Bankrate key executives?

    Bankrate's key executives are Shane Blain and Greg McBride.

  • What is Bankrate revenue?

    Latest Bankrate annual revenue is $434.2 m.

  • Who are Bankrate competitors?

    Competitors of Bankrate include SmartAsset, Credit Sesame and LendingTree.

  • Where is Bankrate headquarters?

    Bankrate headquarters is located at 1675 Broadway, New York.

  • Where are Bankrate offices?

    Bankrate has offices in New York, Austin and Palm Beach Gardens.

  • How many offices does Bankrate have?

    Bankrate has 3 offices.