Q2 2026 SoFi Technologies Inc Earnings Call Transcript
Key Points
- SoFi Technologies Inc (SOFI) achieved a 40% year-over-year revenue growth, reaching $1.2 billion in Q2 2026.
- The company added a record 1.1 million new members, increasing total membership by 35% year-over-year to 15.8 million.
- SoFi Plus and SoFi Coach have been successful in driving cross-buying, with 85% of new SoFi Plus members being existing members.
- The company reported its best quarter ever for loan originations at $14.8 billion, including record originations across personal, student, and home loans.
- Adjusted EBITDA increased by 44% year-over-year to $358 million, with a margin of 30%.
- Despite strong revenue growth, the company did not raise its EBITDA guidance, choosing instead to reinvest in growth opportunities.
- The competitive environment in lending remains challenging, with high competition in pricing and customer acquisition.
- The company faces a higher-than-expected tax rate, negatively impacting adjusted earnings per share by approximately $0.05.
- There is uncertainty regarding future interest rate hikes, which could impact financial performance.
- The company is balancing loan originations between its balance sheet and loan platform business, which may limit immediate growth in certain areas.
Good morning. My name is Sarah, and I will be your conference operator today. At this time, I would like to welcome everyone to the SoFi Technologies Second Quarter 2026 Earnings Conference Call. (Operator Instructions)
With that, you may begin your conference.
Thank you, and good morning. Welcome to SoFi's Second Quarter 2026 Earnings Conference Call. Joining me today to talk about our results and recent events are Anthony Noto, CEO; and Chris Lapointe, CFO. You can find the presentation accompanying our earnings release on the Investor Relations section of our website. Unless otherwise stated, we'll be referring to adjusted results for the second quarter of 2026 versus the second quarter of 2025.
Our remarks today will include forward-looking statements that are based on our current expectations and forecasts and involve risks and uncertainties. These statements include, but are not limited to, our competitive advantage and strategy macroeconomic conditions and outlook, future products and services and future
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