SoFi Technologies Inc
Q2 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +5.91%.
Did SOFI Beat Earnings? Q2 2026 Results
SoFi Technologies posted a convincing beat across both top and bottom lines in Q2 2026, extending its consensus EPS beat streak to five consecutive quarters as the digital finance company reported earnings of $0.12 per share against analyst expectations of $0.11, a 9.89% beat, while revenue of $1.22 billion topped the $1.13 billion consensus by 8.24% and grew 7.9% year over year. The standout driver was the Lending segment, where total loan originations reached a record $14.80 billion, up 69% year over year, with personal, student, and home loan volumes all accelerating sharply and credit quality improving, as personal loan annualized charge-off rates fell to 2.62% from 2.83% a year ago. GAAP net income climbed 61% to $156.59 million, while net interest margin expanded to 5.98%, supported by deposit growth of $5.30 billion in the quarter. With the stock down roughly 40% year to date heading into the print, management offered investors additional confidence by raising full-year adjusted net revenue guidance to $4.75 billion to $4.85 billion, implying 32% to 35% growth, while holding its adjusted EBITDA target at approximately $1.60 billion.
- Net interest income up 52% YoY to $788.2 million driven by 49% increase in average interest-earning assets and 36 bps decrease in cost of funds
- Record loan originations of $14.8 billion, up 69% YoY
- Cross-buy acceleration with 51% of new products opened by existing members, up from 35% in Q2 2025
- Total deposits grew $5.3 billion to $45.5 billion
- Total fee-based revenue reached $472.3 million, representing 39% of total revenue
- Interchange fee revenue up 55% YoY on $28 billion annualized spend
- Brokerage fee revenue up nearly 2.5x YoY
- Deposit funding advantage yielding approximately $712.6 million in annualized interest expense savings vs warehouse facilities
- Products per member reached all-time high of 1.54
“2026 is shaping up to be a defining year, and our second quarter results mark a clear inflection point for SoFi. Despite continued market uncertainty, our business model continues to prove its durability. We grew members 35% year-over-year and added a record 2.2 million products, a 42% increase. For the first time, we added twice as many products as members, a major milestone that underscores the trust members place in SoFi and the power of our 'everything app'. Products like SoFi Plus and SoFi Coach are deepening member relationships and increasing lifetime value, while continued innovation across our consumer and enterprise platforms is expanding the value we deliver to members and clients.”
SoFi Technologies CEO, on the earnings call
Forward Guidance & Outlook
Management raised full-year 2026 adjusted net revenue guidance to approximately $4.75 billion to $4.85 billion, implying approximately 32% to 35% annual growth year-over-year. Management continues to expect adjusted EBITDA of approximately $1.6 billion (33% to 34% margin), adjusted net income of approximately $825 million (approximately 17% margin), and adjusted EPS of approximately $0.60 per share, assuming a 22% effective tax rate. Management continues to expect total member growth of at least 30% year-over-year in 2026.
SOFI YoY Financials
SOFI Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.