SoFi Reports Q2 Earnings Beat Amid Record Member Growth
SoFi Technologies reported better-than-expected earnings for the second quarter, driven by record member growth and increased loan originations. The company's non-GAAP EPS came in at $0.12, surpassing estimates by $0.01, while revenue reached $1.21 billion—$80 million above forecasts. Despite a challenging macroeconomic environment for consumer lending, SoFi maintained its full-year 2026 earnings per share guidance. The results highlight the company's ability to execute in difficult market conditions and expand product offerings amid weak consumer demand trends. The performance suggests resilience from SoFi’s business model as it continues to attract new members and grow its loan portfolio.
Tickers: $SOFI
Topics: earnings loan originations revenue beat