SoFi Technologies Reports Strong Q2 Results, Raises Full-Year Revenue Guidance
Sofi Technologies (NASDAQ:SOFI) reported second-quarter 2026 results that exceeded Wall Street expectations for both revenue and adjusted earnings. The company raised its full-year revenue outlook as it continued to grow its member base and expand product offerings. Adjusted EPS was $0.12, surpassing estimates of $0.11, while revenue reached $1.2 billion against expected $1.11 billion. The firm reported a record net income of $157 million for the quarter with adjusted EBITDA rising 44% to $358 million year-over-year. Total loan originations hit an all-time high at $14.8 billion, and SoFi's member count grew by 35%, reaching 15.8 million. Despite beating earnings expectations and raising revenue guidance for the full year to between $4.75 billion and $4.85 billion—above previous estimates of around $4.70 billion—SoFi shares fell about 10% post-announcement due to unchanged profit forecasts, a drop in technology platform revenue by 23%, and increased marketing expenses.
Tickers: $SOFI