SoFi beats Q2 estimates with $0.12 EPS as revenue jumps 40%

SoFi Technologies reported Q2 earnings of $0.12 per share, beating the $0.11 consensus estimate, as revenue rose 40% to a record $1.206 billion.

"2026 is shaping up to be a defining year, and our second quarter results mark a clear inflection point for SoFi," Chief Executive Officer Anthony Noto said.

The fintech company added 1.1 million new members in the quarter, bringing its total to 15.8 million, up 35% from a year earlier. Total products grew 42% to 24.4 million. Net income reached a record $157 million, compared with $71 million in the same period last year, representing a 121% increase. Adjusted net revenue of $1.2 billion also set a record for the company.

Metric	Actual	Consensus	Beat/Miss
Revenue	$1.206B	$1.121B	+7.6%
EPS	$0.12	$0.11	+$0.01
Net Income	$157M	—	Record

SoFi shares fell 5.7% in premarket trading to $15.78, as the earnings beat was overshadowed by broader market uncertainty. The company raised its full-year 2026 revenue forecast to a range of $4.75 billion to $4.85 billion, above the consensus estimate of $4.7 billion, while affirming adjusted EPS guidance of 60 cents.

The results show SoFi's ability to grow its user base and product adoption even as the macroeconomic environment remains uncertain. The company's lending, technology platform and financial services segments all contributed to the record revenue. SoFi's performance contrasts with some fintech peers that have faced slowing growth, as the company continues to gain market share in personal loans and digital banking.

The guidance raise signals management expects continued momentum in member growth and product adoption through the second half of the year. Investors will watch the Q3 earnings call for updates on lending margins and the pace of new member acquisition.

This article is for informational purposes only and does not constitute investment advice.