SoFi Technologies, Inc. (SOFI) Earnings
SoFi Technologies, Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $0.12. SOFI has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +18.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $0.12 | $0.12 | +0.0% | $1.1B | +3.8% |
| Jan 30, 2026 | $0.12 | $0.13 | +12.7% | $1.0B | +4.9% |
| Oct 28, 2025 | $0.08 | $0.11 | +32.0% | $962M | +8.2% |
| Jul 29, 2025 | $0.06 | $0.08 | +30.3% | $855M | +6.3% |
| Apr 29, 2025 | $0.03 | $0.06 | +84.0% | $772M | +4.4% |
| Jan 27, 2025 | $0.04 | $0.05 | +25.0% | $734M | +3.3% |
| Jan 29, 2024 | $0.00 | $0.02 | +385.4% | $601M | +5.1% |
| May 1, 2023 | $-0.07 | $-0.05 | +28.6% | $472M | +7.1% |
| Jan 30, 2023 | $-0.09 | $-0.05 | +44.4% | $457M | +3.2% |
| Nov 1, 2022 | $-0.10 | $-0.09 | +10.0% | $424M | +7.8% |
| Aug 2, 2022 | $-0.13 | $-0.12 | +7.7% | $363M | +6.4% |
| Mar 1, 2022 | $-0.16 | $-0.15 | +6.3% | $286M | +2.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 29, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- 2026 has had a remarkable start with 18th consecutive quarter of rule of 40 with a score of 72, 41% revenue growth and 31% EBITDA margins, and second consecutive quarter of over $1 billion in cash revenue. - Brand building: Unneeded brand awareness rose to an all-time high of 10%, up 300 basis points from a year ago. Completed successful TGL season and NBA playoffs with SoFi, expanded talent partnerships. - Product innovation: Launched SoFiUSD, a new big business banking offering, relaunched SoFi Plus with enhanced benefits. Innovation in lending segment with personal loan Doc Coach, new credit model features in personal loans, strong student loan and home loan originations with continuous innovation.
Guidance
For Q2 2026, expects adjusted net revenue growth of approx. 30% from Q2 25 to ~$1.115 billion, adjusted EBITDA margin of approx. 30% to ~$330 million, and adjusted net income margin of approx. 12%-13% equating to ~10-11 cents of EPS. For full year 2026, expects lending adjusted net revenue growth of at least 30%, tech platform net revenue of approx. $325 million, financial services adjusted net revenue growth of at least 40%, and corporate revenue in line with 2025.
Segment performance
Financial services net revenue was $429 million in Q1, up 41% year-over-year. Contribution profit was $196 million, up 32% from last year, with a contribution margin of 46%. Net interest income for this segment was $228 million, up 31% year-over-year, driven by growth in member deposits. Non-interest income grew 55% to $201 million. Loan platform business added $3.6 billion of new commitments with three new partners in Q1. Tech platform business delivered net revenue of $75 million in Q1. Lending segment adjusted net revenue was $629 million in Q1, up 53% from last year, driven by growth in net interest income, loan origination fees, and home loan sales. Personal loan originations were $8.3 billion, student loan originations $2.6 billion (up 2.2x year-over-year), and home loan originations $1.2 billion (up 2.4x year-over-year).
Risks & headwinds
- Macroeconomic conditions and outlook uncertainties. - Challenges to competitive advantage. - Uncertainties regarding future products and services and future business and financial performance.
Analyst Q&A
Q: Andrew Jeffrey asked about the decision process between holding on balance sheet vs LPB for personal loans.
A: Anthony responded that it's a balance between near-term and longer-term revenue, with loan platform volume being the volume not otherwise done for balance sheet based on factors like capital ratios and credit profile.
Q: Dan Dolev asked about segment-level guidance.
A: Chris said they expect lending adjusted net revenue growth of at least 30% for full year 2026, tech platform net revenue of approx. $325 million, financial services adjusted net revenue growth of at least 40%, and corporate revenue in line with 2025.
Q: Kyle Joseph asked about accounting for capitalized marketing costs and JPMorgan facility.
A: Chris explained capitalized marketing costs are accounted for as contract acquisition costs under ASC 34040, amortized over member life, and on JP Morgan loan sale, the loan was de-recognized from balance sheet as it met sale accounting requirements.
Q: Devin Ryan asked about loan platform demand and personal loan demand.
A: Devin was told loan platform demand from capital partners is robust with new partnerships, and personal loan demand is strong with record originations, and innovation continues in all lending products.
Q: John Hecht asked about new member acquisition channels.
A: John was informed member acquisition channels vary by business, including legacy channels, affiliate partnerships, digital strategies for different products like SoFi Money, brokerage, crypto, credit card, debit interchange, and SoFi Plus.
Q: Kyle Peterson asked about tech platform year - unfold.
A: Chris said tech platform revenue was negatively impacted by loss of large customer, but like-for-like growth is expected to accelerate with new partners and integrations.
Q: Pete Christensen asked about credit cycle.
A: Anthony said credit performance is strong, with early warning dashboard monitoring, and current loans and macro performing well, allowing meeting demand and generating net interest income.
Q: Don Fendetti asked about home lending acquisition and M&A priorities.
A: Anthony said not currently focused on home lending acquisitions, but prioritizing M&A in technology space related to revolving credit, crypto and blockchain services.