SoFi Technologies, Inc. reported significant financial growth in its latest quarterly results, with total net revenue reaching $1.1 billion for the three months ended March 31, 2026, marking a 43% increase from $771.8 million in the same period of 2025. The company achieved a net income of $166.7 million, a substantial rise of 134% compared to $71.1 million a year earlier. This growth was driven by a 39% increase in net interest income, which totaled $693 million, and a 49% rise in noninterest income, which amounted to $407.4 million.
The company also saw notable changes in its operational metrics. Total loans increased by 11% to $42.2 billion, with loans held for sale rising by 11% to $25.5 billion and loans held for investment at fair value increasing by 12% to $15.3 billion. SoFi's total deposits grew by 7% to $40.2 billion, reflecting strong demand for its banking products. The number of members surged to over 14.7 million, a 35% increase year-over-year, while total products offered reached approximately 22.2 million, up 39% from the previous year.
Strategically, SoFi has expanded its offerings, including the launch of SoFi Crypto, which contributed to its noninterest income. The company also completed the acquisition of Wyndham Capital Mortgage, enhancing its mortgage lending capabilities. Additionally, SoFi's operational efficiency improved, with a contribution profit of $590 million, a 41% increase from the prior year, driven by strong performance in its Lending segment, which saw a 60% rise in contribution profit.
Looking ahead, SoFi Technologies expressed optimism about its growth trajectory, emphasizing its commitment to leveraging its integrated financial services platform to enhance member engagement and drive product adoption. The company aims to continue expanding its market presence while navigating potential economic challenges, including interest rate fluctuations and regulatory changes. The management remains focused on maintaining a strong capital position and liquidity to support its growth initiatives.
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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