SoFi Technologies, Inc. reported significant financial growth in its second quarter of 2026, with total net revenue reaching $1.22 billion, a 43% increase compared to $854.9 million in the same period of 2025. The company’s net interest income surged by 52% to $788.2 million, driven by a substantial rise in loan originations, particularly in personal and home loans. For the first half of 2026, net income was $323.3 million, nearly doubling from $168.4 million in the prior year, reflecting a 92% year-over-year increase. Diluted earnings per share also improved, rising to $0.12 for the quarter and $0.24 for the six months, compared to $0.08 and $0.14, respectively, in 2025.
The company experienced notable changes in its operational metrics, with total loans increasing by 26% to $47.9 billion as of June 30, 2026, up from $38.0 billion at the end of 2025. This growth was primarily attributed to a 30% increase in loans held for sale, which reached $29.7 billion, and a 24% rise in loans held for investment, totaling $16.9 billion. Additionally, SoFi's total deposits grew by 21% to $45.5 billion, bolstered by competitive interest rates and expanded FDIC insurance coverage through its Insured Deposit Program.
Strategically, SoFi made significant acquisitions in the second quarter, including Peach Finance, Inc., a cloud-native loan management platform, and Composer Securities LLC, an AI-powered investing platform. These acquisitions are expected to enhance SoFi's technology capabilities and expand its product offerings. The company also relaunched its SoFi Plus membership program, transitioning it to a paid subscription model with enhanced benefits, which is anticipated to drive further member engagement and product adoption.
As of June 30, 2026, SoFi reported a total member count of over 15.8 million, a 35% increase from the previous year, with total products reaching approximately 24.4 million, reflecting a 42% year-over-year growth. The company’s technology platform segment saw a decline in total accounts, dropping to 134.8 million from 160 million, primarily due to the exit of a large client. However, the overall growth in lending and financial services products indicates a strong demand for SoFi's offerings.
Looking ahead, SoFi remains optimistic about its growth trajectory, emphasizing its diversified business model and the strength of its product suite. The company aims to leverage its banking capabilities to lower funding costs and enhance loan origination volumes. However, it also acknowledges potential challenges from macroeconomic conditions, including interest rate fluctuations and regulatory changes, which could impact demand for its products.
About SoFi Technologies, Inc.
SoFi Technologies, Inc. is a digital-first financial services company offering lending, banking, investment, and financial management products. Its core segments include lending (personal, student, and home loans), a technology platform serving financial institutions, and a suite of consumer financial products like checking, savings, investing, and credit cards. The company emphasizes member-centric, integrated solutions to promote financial independence and build long-term relationships.
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