Full Breakdown
SoFi Beats Q2 Forecast, Raises 2026 Revenue Outlook
7/30/2026, 10:01:16 PM
Core Event
On July 29, SoFi Technologies (SOFI.O) reported a second-quarter that outperformed analyst expectations and announced an unchanged 2026 adjusted-profit outlook of 60 cents per share. The company simultaneously lifted its full-year revenue target to a range of $4.75 billion-$4.85 billion, above the $4.70 billion consensus estimate compiled by LSEG.
Background & Context
Founded as a student-loan refinancing startup, SoFi has expanded into a broad digital-first financial-services platform that competes with traditional banks. Investors have grown wary of rewarding growth alone and now demand evidence that fintech firms can sustain expansion while improving profitability.
Data & Statistics
- Adjusted revenue for the quarter ended June 30 rose 40 % to a record $1.2 billion, beating the $1.12 billion forecast.
- Total loan originations hit a record $14.8 billion.
- Membership grew 35 % to 15.8 million members.
- Net interest income increased 52 % YoY to $788.2 million.
- Adjusted earnings per share were 12 cents, a 50 % year-over-year gain and one cent above expectations.
- The 2026 profit forecast remains at 60 cents per share; the revenue outlook now sits at $4.75-$4.85 billion.
Official Statements & Responses
CEO Anthony Noto told Reuters that member spending and demand remain strong and that credit performance continues to meet or exceed expectations. He highlighted the company’s ability to generate durable net-interest income from balance-sheet loans while expanding fee-based, capital-light businesses, noting that this diversification underpins his confidence in future results.
Verbatim Quotes
- “We're seeing our members remain resilient in the current climate. Spending remains strong, demand remains strong, and credit performance continues to meet or exceed our expectations,” — CEO Anthony Noto
- “We can generate durable net interest income by holding loans on our balance sheet, and we can also grow capital-light, fee-based businesses. Both are working, and that diversification gives me a lot of confidence,” — Anthony Noto, CEO
