$SOFI Q2 2026:
Revenue: $1.22B vs. $1.11B expected
Revenue growth: +42.5%
EPS: $0.12 vs. $0.11 expected
Net income: $156.6M, up 61%
Adjusted EBITDA: $357.8M, up 44%
Adjusted EBITDA margin: 30%
The growth was not just financial.
SoFi added 1.1M new members, bringing total members to 15.8M, up 35% year-over-year.
Total products rose 42% to 24.4M.
The company added a record 2.2M new products in the quarter, the first time it added twice as many products as members.
That matters because cross-buy improved sharply.
51% of new products came from existing members, up from 43% last quarter and 35% last year.
Lending also hit records:
Total loan originations: $14.8B, up 69%
Personal loans: $10.7B
Student loans: $2.7B, up 170%
Home loans: $1.4B, up 74%
Deposits increased by $5.3B to $45.5B.
Net interest income rose 52% to $788.2M.
SoFi also raised full-year adjusted net revenue guidance to $4.75B to $4.85B, implying 32% to 35% growth.
The weak spot:
Technology Platform revenue fell 23% year-over-year, and accounts declined 16%.
Still, Lending and Financial Services carried the quarter.
For $SOFI, the story was record revenue, record loan originations, record product growth, stronger cross-buy, higher deposits, and raised revenue guidance.