Sofi Technologies (NASDAQ:SOFI) reported second quarter 2026 results that exceeded Wall Street expectations for revenue and adjusted earnings, while raising its full-year revenue outlook as the financial technology company continued to expand its member base and product offerings.
The company reported adjusted earnings per share of $0.12 for the quarter, ahead of ****** yst estimates of $0.11.
Revenue came in at $1.20 billion, above expectations of $1.11 billion, with adjusted net revenue rising about 40% year over year.
Net income for the quarter was $157 million, while adjusted EBITDA increased 44% from a year earlier to a record $358 million. Total loan originations reached a record $14.8 billion during the period.
SoFi reported continued growth in its customer base, with members increasing 35% year over year to a record 15.8 million. Total products grew 42% to 24.4 million, with the company noting that 51% of new products opened during the quarter came from existing members.
#year #quarter #company #record
The company reported adjusted earnings per share of $0.12 for the quarter, ahead of ****** yst estimates of $0.11.
Revenue came in at $1.20 billion, above expectations of $1.11 billion, with adjusted net revenue rising about 40% year over year.
Net income for the quarter was $157 million, while adjusted EBITDA increased 44% from a year earlier to a record $358 million. Total loan originations reached a record $14.8 billion during the period.
SoFi reported continued growth in its customer base, with members increasing 35% year over year to a record 15.8 million. Total products grew 42% to 24.4 million, with the company noting that 51% of new products opened during the quarter came from existing members.
#year #quarter #company #record
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