SoFi Technologies reported record second-quarter 2026 results with total net revenue of $1.22 billion and GAAP net income of $156.6 million. Adjusted net revenue reached $1.2056 billion and adjusted EBITDA was $357.8 million, while adjusted diluted EPS was $0.12. Management raised full-year adjusted net revenue guidance to $4.75–$4.85 billion and reaffirmed adjusted EBITDA of approximately $1.6 billion.

Financial Highlights

  • Total net revenue (GAAP): $1,218,676 thousand for Q2 2026 (up 43% year-over-year).
  • Adjusted net revenue (non-GAAP): $1,205,550 thousand for Q2 2026 (up 40% year-over-year).
  • Net income (GAAP): $156,592 thousand for Q2 2026; diluted EPS (GAAP): $0.12.
  • Adjusted EBITDA (non-GAAP): $357,821 thousand for Q2 2026; adjusted EBITDA margin: 30%.
  • Adjusted diluted earnings per share (non-GAAP): $0.12 for Q2 2026; management guidance for full-year adjusted EPS: ~$0.60.

Business Highlights

  • Member and product growth: total members rose 35% year-over-year to 15.8 million and total products increased 42% to 24.4 million; products per member reached an all-time high of 1.54.
  • Cross-buy acceleration: 51% of new products in the quarter were opened by existing members (up from 43% the prior quarter), driven in part by SoFi Plus and SoFi Coach.
  • Record loan originations: total originations reached $14.8 billion in Q2, including $10.7 billion of personal loans (of which $3.1 billion were originated for third parties via the Loan Platform Business), $2.7 billion student loans and $1.4 billion home loans.
  • Deposits and funding mix: total deposits grew to $45.5 billion and average total deposits comprised over 90% of average total liabilities; successful remixing of funding produced approximately $712.6 million of annualized interest expense savings vs. warehouse facilities.
  • Technology and product expansion: launches included Composer (AI investing), SMB loans, revised HELOC experience, Big Business Banking transaction processing on SoFi Exchange Network, and acquisition of Peach Finance to bolster SoFi Tech Solutions lending capabilities.

Original SEC Filing:

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