Key facts
- SoFi raised its 2026 revenue growth forecast above Wall Street expectations.
- The company reported record member growth and loan originations in the second quarter.
- Total loan originations reached a record $14.8 billion in the second quarter.
- Member growth increased by 35% to a record 15.8 million.
- SoFi now expects full-year revenue between $4.75 billion and $4.85 billion.
- Second-quarter adjusted revenue grew 40% to $1.2 billion.
Fintech firm SoFi has raised its 2026 revenue growth forecast, exceeding Wall Street expectations following a strong second quarter marked by record member growth and loan originations. The company reported total loan originations of $14.8 billion and a surge in member growth to 15.8 million, a 35% increase year-over-year.
SoFi now projects full-year revenue to be between $4.75 billion and $4.85 billion, surpassing the $4.7 billion anticipated by analysts. This performance occurs despite a challenging macroeconomic climate characterized by elevated interest rates and high living costs, attributed to the resilience of borrowers.
CEO Anthony Noto highlighted the stability of credit quality, stating that spending and demand remain strong, and credit performance meets or exceeds expectations. He emphasized SoFi's focus on organic growth while remaining open to strategic acquisitions. The company's adjusted revenue for the second quarter climbed 40% to a record $1.2 billion, beating estimates of $1.12 billion. Net interest income also saw significant growth, increasing by 52% to $788.2 million.
Noto expressed confidence in SoFi's diversified business model, which generates durable net interest income from loans held on its balance sheet and grows capital-light, fee-based businesses. Adjusted quarterly profit per share rose 50% to 12 cents, exceeding the expected 11 cents.