Earnings
Home›Earnings›Results›SoFi shares fall after Q2 earnings amid cost and lendi…
SoFi shares fall after Q2 earnings amid cost and lending concerns
SoFi reported $1.2 billion in net revenue and raised full-year sales guidance to $4.75 billion to $4.85 billion, but kept adjusted EPS guidance at $0.60 as it cited continued cost questions and assumed further Fed hikes in 2026.
SoFi stock fell about 9% Wednesday after the fintech bank posted second-quarter earnings, as investors weighed a surge in consumer lending against worries about costs and credit risk. The company reported $1.2 billion in net revenue. Net income rose 61% year over year to $157 million, translating to $0.12 adjusted EPS versus analyst expectations of $0.11. SoFi said it delivered an eighth consecutive quarter of record revenue and raised its full-year adjusted revenue guidance to between $4.75 billion and $4.85 billion.
Even with the sales outlook increase, SoFi left its adjusted EPS forecast unchanged at $0.60, which analysts and investors viewed as a sign of uncertainty around spending. In response, the company said it has multiple growth areas to fund, while its incremental revenue is meant to provide flexibility for initiatives it expects to drive long-term growth.
SoFi also tied its outlook to a shifting Federal Reserve path, with guidance assuming one to two 25 basis point benchmark rate hikes in 2026, versus the two cuts it expected earlier in the year. Total loan originations increased 69% to $14.8 billion, including personal loan originations of $10.7 billion and student loan originations that nearly tripled to $2.7 billion, while deposits rose 37% to support the lending growth.