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SoFi Technologies posts Q2 earnings surge but stock slides 10% after guidance hold
SoFi Technologies reported second‑quarter 2026 results showing revenue of $1.2 billion, up 40 % year‑over‑year, and earnings per share of $0.12, beating the consensus estimate of $0.11. Despite the earnings beat, the company kept its 2026 profit guidance unchanged, and the stock fell roughly 10 % on the day of the release.
The firm added 1.12 million new members, bringing its total member base to 15.81 million. Of the 2.22 million new products sold in the quarter, 51 % were purchased by existing customers, raising the average number of products per member to 1.54. SoFi also disclosed that it now has 388,336 cumulative crypto accounts; crypto transaction revenue was $1.183 million after $133 million in transaction costs, leaving a net margin of less than 1 %.
Investor sentiment highlighted concerns over the company’s growth‑spending strategy in a high‑interest‑rate environment. Institutional investors such as Centaurus Financial increased their holdings, buying an additional 61,228 shares for a total of 72,374 shares worth about $1.15 million.
Entities
Anthony Noto · Brighton Jones LLC · Centaurus Financial Inc. · SoFi Technologies
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] 51 % of new products sold in Q2 were to existing customers, raising average products per member to 1.54. www.fool.com
- [○ 1 SOURCE] SoFi Technologies added 1.12 million new members in Q2, bringing total members to 15.81 million. www.fool.com
- [○ 1 SOURCE] SoFi Technologies reported 388,336 cumulative crypto accounts and net crypto transaction revenue of $1.183 million in Q2. cryptoslate.com
- [○ 1 SOURCE] Centaurus Financial increased its stake in SoFi Technologies by 549.3 % to 72,374 shares worth $1.149 million. www.marketbeat.com
- [○ 1 SOURCE] SoFi Technologies' stock fell about 10 % after the Q2 earnings release. www.fool.com
- [○ 1 SOURCE] SoFi Technologies did not raise its 2026 profit guidance despite raising its full‑year revenue outlook. www.fool.com
- [○ 1 SOURCE] SoFi Technologies' Q2 2026 earnings per share were $0.12, beating the consensus estimate of $0.11. www.fool.com
- [○ 1 SOURCE] SoFi Technologies' Q2 2026 revenue was $1.2 billion, a 40 % increase year‑over‑year. www.fool.com