EarningsQ2 2026 Earnings Report
MX:SOFI Q2 2026 EPS Results
Actual EPS$2.13
Consensus EPS$1.92
Beat/MissBeat by +$0.21
One Year Ago EPS$1.42
MX:SOFI Q2 2026 Revenue Results
Actual Revenue$27.86B
Expected Revenue$19.77B
Beat/MissBeat by +$8.09B
YoY Revenue Growth+39.09%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
MX:SOFI Upcoming Earnings
SoFi's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:SOFI Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong set of operating and financial results: robust top-line growth (+40% YoY), record member and product additions, record loan originations, improving credit metrics, expanding fee-based and platform businesses, and materially higher tangible book value. Management raised revenue guidance while maintaining disciplined capital and reinvesting incremental revenue into new growth initiatives (SoFi Plus, Coach, Big Business Banking, SMB, STS). Principal negatives were a higher-than-expected tax rate that reduced EPS, modest declines in fair-value loan marks driven by higher discount rates, and selective unfulfilled loan-platform demand due to capital/prioritization decisions. Overall, positives materially outweigh the challenges, with strong momentum and visible paths to longer-term return targets.Company Guidance
Record Revenue and Strong Profitability
Adjusted net revenue $1.2B, up 40% year-over-year; adjusted EBITDA $358M, up 44% YoY with a 30% margin; adjusted net income $160M (margin 13%); net income up 61% YoY. Adjusted EPS $0.12 (impacted by higher tax rate).
Exceptional Member and Product Growth
Added a record 1.1M new members in Q2 (total 15.8M, +35% YoY) and a record 2.2M new products (total 24.4M, +42% YoY). Products-per-member and cross-buy are accelerating: 51% of new products opened by existing members (up from 35% a year ago, +16 percentage points YoY).
Record Loan Originations and Lending Momentum
Total loan originations $14.8B (record; >$2.5B sequential increase). Lending segment adjusted net revenue $712M (+59% YoY). Personal loan originations $10.7B (first $10B personal-loan quarter). Lending segment NII $573M (+54% YoY).
Sustained Cash Revenue and Diversified Fee Income
Generated $1.2B in cash revenue (third consecutive quarter >$1B). Company-level net interest income ~$790M; fee-based revenue $472M (39% of total revenue), up 22% sequentially and ~38% YoY when normalizing STS. Loan platform revenue $143M driven by $3.1B of partner-originated loans.
Successful New Products: SoFi Plus and SoFi Coach
SoFi Plus relaunched and surpassed 200K paid subscribers in one quarter (annualized revenue >$24M), 85% upgrades from existing members and 25% of Plus members add another product. SoFi Coach recorded nearly 0.5M conversations with >90% positive feedback.
Balance Sheet Strength and Capital Build
Tangible book value $9.5B, up 80% YoY; tangible book value per share $7.34, up 56% YoY. Total deposits $45.5B (+$5.3B QoQ); total assets +$7.2B QoQ; company total capital ratio 18.8%, well above regulatory minimum and planned to normalize to low-mid teens over time.
Non-Lending Product Scale & Platform Wins
Non-lending products 21.3M (87% of products). Invest products +38% YoY; brokerage revenue ~2.5x YoY. Launched Big Business Banking, began settling trading in SoFi USD, and progressed STS (cloud-native core onboarding, Peach Finance acquisition) — accelerating diversified, capital-light revenue streams.
Improving Credit Metrics
Personal loans: estimated all-in annualized net charge-off 3.7% (ex-DQ sales), down 70 bps QoQ; including DQ sales net charge-off 2.62%, down 41 bps QoQ and 21 bps YoY. On-balance 90-day delinquency for personal loans 40 bps, down 7 bps QoQ. Student loan annualized charge-off 61 bps, down 4 bps QoQ.
MX:SOFI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed