SoFi beats Q2 estimates as record revenue, member growth, product growth, and loan originations improve.
Stock Earnings Results
July 29, 2026
Table of Contents
July 29, 2026
SoFi Technologies, Inc. (NASDAQ: SOFI) reported second-quarter 2026 results above expectations, supported by record revenue, record member and product growth, record loan originations, higher net income, stronger adjusted EBITDA, and increased full-year adjusted net revenue guidance.
SoFi is a digital financial services company that helps members borrow, save, spend, invest, protect their money, and access financial products through its everything app. The company also provides technology platform services through SoFi Tech Solutions.
The company reported diluted EPS of $0.12, above estimates of $0.11, representing a 9.1% earnings surprise. Revenue came in at $1.22 billion, above estimates of $1.11 billion, with revenue growth of 42.5%.
Total net revenue increased 43% year-over-year to $1.22 billion.
Adjusted net revenue increased 40% to $1.21 billion.
Net income increased 61% to $156.6 million.
Diluted EPS increased to $0.12 from $0.08 in the prior-year quarter.
Adjusted EBITDA increased 44% to $357.8 million.
Adjusted EBITDA margin was 30%.
Adjusted EPS was also $0.12.
SoFi added 1.1 million new members during the quarter.
Total members increased 35% year-over-year to 15.8 million.
Total products increased 42% to 24.4 million.
The company added a record 2.2 million new products during the quarter.
This was the first time SoFi added twice as many products as members in a single quarter.
Products per member reached an all-time high of 1.54.
Cross-buy accelerated during the quarter.
SoFi said 51% of new products were opened by existing members.
That was up from 43% in the prior quarter and 35% in the prior-year quarter.
Management said this showed stronger engagement across SoFi’s broader financial services platform.
SoFi Plus also passed 200,000 paid subscribers after being relaunched with enhanced benefits.
Total loan originations reached a record $14.8 billion.
That was up 69% year-over-year.
Personal loan originations reached a record $10.7 billion.
Student loan originations reached $2.7 billion, up 170% year-over-year.
Home loan volume increased 74% to $1.4 billion.
SoFi said credit performance remained strong and in line with expectations.
Net interest income increased 52% year-over-year to $788.2 million.
Net interest margin was 5.98%, up 4 basis points from the prior quarter.
Average total deposits represented more than 90% of average total liabilities.
Total deposits increased by $5.3 billion during the quarter to $45.5 billion.
SoFi said its deposit funding mix generated about $712.6 million of annualized interest expense savings compared with warehouse facilities.
Lending segment net revenue increased 63% year-over-year to $724.8 million.
Lending contribution profit increased 63% to $399.0 million.
Financial Services segment net revenue increased 29% to $466.3 million.
Financial Services products increased 43% to 21.3 million.
Technology Platform revenue declined 23% year-over-year to $84.5 million, reflecting the impact of a large client that fully transitioned off the platform before the end of 2025.
Technology Platform accounts declined 16% year-over-year to 135 million.
SoFi raised its full-year 2026 adjusted net revenue outlook.
The company now expects adjusted net revenue of $4.75 billion to $4.85 billion.
That implies annual adjusted net revenue growth of about 32% to 35%.
Management continued to expect adjusted EBITDA of about $1.6 billion.
Adjusted EBITDA margin is expected to be about 33% to 34%.
SoFi also continued to expect adjusted net income of about $825 million and adjusted EPS of about $0.60.
SoFi delivered one of its strongest quarters as growth accelerated across members, products, lending, deposits, and adjusted EBITDA.
Revenue beat expectations, EPS topped estimates, loan originations reached a record, and member engagement improved through higher cross-buy. The company also raised its full-year adjusted net revenue outlook, suggesting management has more confidence in the growth trajectory.
The key issue is that Technology Platform revenue and accounts remained under pressure, even as Lending and Financial Services carried overall growth.
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