SoFi Technologies reported a strong Q2 2026, achieving 40.47% year-over-year revenue growth to $1.21 billion and marking its 11th consecutive profitable quarter. The company saw all-time highs in lending, member, and product growth, with fee-based revenue now making up 39% of total revenue, supporting its strategy as an "everything app." Despite these strong operational results, SoFi's shares declined due to earnings per share being affected by a higher tax rate, not the company’s core performance. The outlook remains positive with raised full-year guidance and multiple growth drivers, positioning SoFi as undervalued with a solid path to earnings growth.
SoFi Technologies reported stronger-than-expected earnings and revenue for Q2, driven by adding 1.12 million new members, surpassing its previous target. The company raised its full-year net revenue guidance, citing rapid growth in fee-focused financ...
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SoFi reported a 40% year-over-year revenue increase to $1.2 billion and achieved a record adjusted EBITDA of $358 million despite higher taxes. The company’s member base grew to 15.8 million, driven by improved cross-buying where 51% of new products ...
SoFi Technologies reported strong Q2 results with 41% year-over-year revenue growth and record loan originations, driving optimism for future earnings growth. Despite concerns over slowing member growth, increased product adoption per member is impro...
SoFi reported strong growth in cross-selling, with existing members accounting for 51% of new products in Q2, up from 35% a year earlier. The company added a record 1.1 million members and 2.2 million products, increasing products per member to 1.54....
