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 were purchased by existing customers. Credit quality improved as personal loan charge-offs declined to 3.7%, alleviating concerns about underwriting standards. Management focused on reinvestment and expanding capital-light businesses while raising full-year revenue guidance to $4.75-$4.85 billion, making the stock valuation more attractive after a recent 17% price drop.
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....
SoFi Technologies reported Q2 2026 revenue of $1.20 billion and adjusted EPS of $0.12, both surpassing Wall Street expectations. The company grew its member base by 35% to 15.8 million and expanded total products by 42%, highlighting strong customer ...
As of July 28, 2026, high-yield savings accounts are offering competitive rates up to 4.50% APY, reflecting the Federal Reserve's decision to hold interest rates steady. This rate stability benefits savers by providing a reliable return on cash held ...
This week, U.S. markets focus on the Federal Reserve's July meeting, key inflation data like Core PCE, and second-quarter GDP figures, alongside major tech earnings from Microsoft, Meta, Apple, and Amazon. Rising oil prices and geopolitical tensions ...
