SoFi Technologies Reports Strong Q2 Earnings and Raises Full-Year Outlook
SoFi Technologies reported strong second-quarter results for fiscal 2026, with adjusted net revenue rising 40% year over year to $1.2 billion and adjusted EBITDA increasing by 44% to $358 million. The company achieved record loan originations of $14.8 billion while adding a new high of 1.1 million members during the quarter, bringing its total membership base to 15.8 million. The growth in non-lending products continued to accelerate as part of SoFi's 'Everything App' strategy, with cross-selling reaching significant levels—51% of new products were opened by existing members. The company also raised its full-year adjusted net revenue guidance to $4.75 billion–$4.85 billion and maintained an EBITDA target of approximately $1.6 billion. SoFi's CFO noted a 61% year-over-year increase in net income, while the CEO highlighted record performance across key metrics including membership growth and product diversification.
Tickers: $SOFI
Topics: ebitda financial performance loan originations membership expansion revenue growth