SoFi Technologies Q2 FY26 earnings
Revenue $1.2B, up 43% from a year ago. Net income $157M.
SoFi's revenue splits across Lending, 59% of revenue, up 63% to $725M, Financial Services, and the Technology Platform; Corporate/Other, -$57M, nets them back to $1.2B. Net income reached $157M, 13% of revenue, up 61%.
The longer view: $1.2B a quarter, against $0.3B in Q3 FY21.
SoFi brings in $1.2B of revenue a quarter, against $0.3B in the third quarter of 2021. The series runs quarter by quarter from the 10-Qs.
13,651,002 members at end-2025, fourteen times end-2019.
SoFi counted 13,651,002 members at the end of 2025, fourteen times the 976,459 of end-2019. One basis note, as filed: from Q1 2024 the count includes co-borrowers, co-signers and joint holders, and prior years are not recast.
Four years after becoming a bank: $37.5B of deposits.
Four years after becoming a bank, SoFi held $37.5B of deposits at the end of 2025. End-2022 was $7.3B. Year-end balances, as filed.
Where the revenue came from
| Segment | Amount | % of revenue% | Y/Y |
|---|---|---|---|
| Lending | $725M | 56.8% | +63% |
| Financial Services | $466M | 36.6% | +29% |
| Technology Platform | $85M | 6.6% | -23% |
The quarter, line by line
| Line | Amount | % of revenue% | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +43% | |
| Cost of revenue | $200M | 16.4% | +33% |
| Gross profit † | $1.0B | 83.6% | +45% |
| Pretax income | $204M | 16.8% | |
| Income tax | $48M | 3.9% | +220% |
| Net income | $157M | 12.8% | +61% |
† The filing doesn't print this line. We calculated it from the filed figures; it adds up to the dollar.
The last 8 quarters
| Quarter ended | Revenue | Net income | Net margin |
|---|---|---|---|
| Jun 30, 2026 | $1.2B | $157M | 12.8% |
| Mar 31, 2026 | $1.1B | $167M | 15.2% |
| Dec 31, 2025 | $1.0B | $174M | 16.9% |
| Sep 30, 2025 | $962M | $139M | 14.5% |
| Jun 30, 2025 | $855M | $97M | 11.4% |
| Mar 31, 2025 | $772M | $71M | 9.2% |
| Dec 31, 2024 | $734M | $332M | 45.3% |
| Sep 30, 2024 | $697M | $61M | 8.7% |