SoFi Technologies Reports Record Second Quarter 2026 Results: Net Revenue Hits \$1.2 Billion, Net Income Soars to \$157 Million
Key Highlights for Investors
- Record Net Revenue: SoFi Technologies, Inc. (NASDAQ: SOFI) reported record net revenue of \$1.2 billion for Q2 2026, representing a 40% year-over-year increase. Adjusted net revenue also reached \$1.2 billion, a new company high.
- Surging Profitability: Net income for the quarter was \$157 million, up significantly from \$97 million in Q2 2025. Adjusted EBITDA grew 44% year-over-year to a record \$358 million.
- EPS Growth: Earnings per share (diluted) rose to \$0.12 compared to \$0.08 in the prior year. Adjusted EPS (diluted) jumped to \$0.16, reflecting strong operational leverage.
- Record Member and Product Growth: SoFi’s total members and product offerings continued to grow at record rates, further expanding the company’s fee-based revenue streams.
Detailed Financial Performance
| Metric | Q2 2026 | Q2 2025 | Change (%) |
|---|---|---|---|
| Net Revenue | \$1,205.6M | \$859.7M | +40% |
| Net Income | \$156.6M | \$97.6M | +60% |
| Adjusted EBITDA | \$357.8M | \$248.4M | +44% |
| EPS (Diluted) | \$0.12 | \$0.08 | +50% |
| Adjusted EPS (Diluted) | \$0.16 | \$0.10 | +60% |
Segment Highlights
Lending
- Net Interest Income: \$733.3 million, up 46% year-over-year.
- Noninterest Income: \$151.5 million, up 114% from the previous year.
- Total Lending Segment Net Revenue: \$856.9 million, up 60%.
- Contribution Profit (Lending): \$471.1 million, up 62% year-over-year.
- Adjusted Net Revenue (Lending, non-GAAP): \$711.7 million, up 56%.
Financial Services
- Net Interest Income: \$249.1 million, up 30% year-over-year.
- Noninterest Income: \$217.2 million, up 40%.
- Total Net Revenue: \$466.3 million, up 34%.
- Contribution Profit: \$212.7 million, up 21%.
- Financial Services Products: SoFi reached 21.3 million total financial services products, up 43% from 14.9 million a year ago.
- Money Accounts: 7.9 million, up 34%; Invest Accounts: 5.5 million, up 45%.
Technology Platform
- Contribution Margin: 14%, down from 30% in Q2 2025, reflecting investments in platform expansion.
- Total Accounts: Continued growth, exact numbers not specified.
Product and Platform Growth
- SoFi’s member base and cross-buy metrics continued to expand, reflecting deeper engagement and stronger brand recognition.
- Total financial services products rose 43% year-over-year, reaching 21.3 million.
- The company continues to see robust growth in checking, savings, and investment accounts.
Shareholder-Important and Price-Sensitive Information
- Consistent Profitability: SoFi is now consistently profitable. This quarter’s net income of \$157 million and adjusted net income of \$160 million demonstrate the company’s transition from growth to profitable scale.
- Record Member and Product Growth: Rapid member and product expansion suggest strong future fee-based revenue streams and improved operational leverage.
- Guidance and Outlook: Management reaffirmed guidance for continued strong performance, but did not provide specific forward-looking non-GAAP reconciliations due to market uncertainties. The company will address guidance in detail on the earnings call.
- Margin Expansion: Adjusted EBITDA margin and net income margin both expanded, reflecting improved efficiency and operating leverage.
- Ongoing Investments: The company continues to invest in product innovation, platform capabilities, and scaling its technology stack, which may impact short-term margins but is expected to fuel long-term growth.
- Potential Risks and Volatility: Management notes ongoing risks from macroeconomic factors, regulatory changes, and market volatility, which could impact future performance.
Forward-Looking Statements and Risks
The report highlights several forward-looking statements, including expectations for continued growth in adjusted net revenue, adjusted EBITDA, member growth, and product expansion. However, management emphasizes that these statements are subject to risks including economic downturns, regulatory changes, competition, and other factors which could impact actual results.
Investors are advised to review SoFi’s risk factors as detailed in the latest annual report and SEC filings.
Conference Call and Further Information
SoFi’s executive management will host a live webcast at 8:00 a.m. Eastern Time to discuss Q2 results and outlook. The webcast and a replay will be available at https://investors.sofi.com. Further investor information and supplemental financials are available on the company’s website.
Contact
- Investors: [email protected]
- Media: [email protected]
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Readers should consult the company’s official filings and their financial advisor before making investment decisions.
