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SoFi raises 2026 revenue outlook after record quarter and crypto expansion

SoFi raises 2026 revenue outlook after record quarter and crypto expansion

The fintech posted record second-quarter revenue, profit, membership and lending growth, while filings showed 388,336 crypto products and about $1.2 million in net crypto transaction revenue after high transaction costs.

Fact Check
SoFi's official Q2 2026 earnings release and corroborating coverage confirm the claim's main thrust: record second-quarter revenue (+43% YoY to $1.2B), record profit, member growth (+35% to 15.8M), record lending originations ($14.8B), a raised full-year 2026 revenue outlook, the SoFiUSD stablecoin launch, and enterprise/Big Business Banking payments initiatives. These headline claims are TRUE. However, the specific detail '$134 million in crypto transaction revenue' is not found anywhere in SoFi's release; instead, that exact figure is documented across multiple sources as Robinhood's Q1 2026 crypto transaction revenue (down 47% YoY). This one embedded number is misattributed/false, making the overall claim mostly accurate but containing a material factual error.
Summary

SoFi Technologies raised its full-year 2026 adjusted net revenue guidance to $4.75 billion to $4.85 billion, above the $4.7 billion LSEG consensus, after reporting record second-quarter results and expanding its crypto and enterprise offerings. The company posted $1.2 billion in total net revenue, up 43% from a year earlier, with net income of more than $156 million, adjusted EBITDA of nearly $358 million and diluted earnings per share of $0.12. Membership rose 35% to 15.8 million and total products increased 42% to about 24 million, while lending originations reached a record $14.8 billion and deposits grew to $45.5 billion. In crypto, SoFi reported 388,336 crypto products and roughly $1.2 million in second-quarter net transaction revenue after transaction costs that nearly offset gross revenue; the filing did not provide a standalone crypto profit figure. SoFi also expanded SoFiUSD and began using it within its enterprise banking platform for 24/7 commercial payments.

Terms & Concepts
  • stablecoin: A digital token designed to maintain a fixed value, typically by being linked to a fiat currency.
  • loan originations: New loans issued during a specific reporting period.
  • net transaction revenue: Revenue remaining after transaction-related costs.