SOFI SoFi (SOFI) Q2 FY26 earnings call
SoFi delivered an exceptional Q2 FY26, marked by record member and product growth, driven by its "Everything App" strategy and accelerating cross-buy, particularly through SoFi Plus and SoFi Coach. The company exceeded revenue expectations while strategically investing in new products and expanding its loan platform business. Management expressed strong confidence in achieving long-term ROTCE targets through continued execution and capital-light revenue growth, despite a higher tax rate impacting current EPS.
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SOFI operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Total members | 14.7MIn Q1, we once again added a record number of new members at 1.1 million new members, increasing total members by 35% year-over-year to 14.7 million.Source: earnings call transcript | 15.8MWe added a record 1.1 million new members in Q2, increasing total numbers 35% year-over-year to a total of 15.8 million members.Source: earnings call transcript | +7.5% |
| New member additions | 1.1MIn Q1, we once again added a record number of new members at 1.1 million new members, increasing total members by 35% year-over-year to 14.7 million.Source: earnings call transcript | 1.1MWe added a record 1.1 million new members in Q2, increasing total numbers 35% year-over-year to a total of 15.8 million members.Source: earnings call transcript | 0% |
| New products added | 1.8MWe also added a record 1.8 million new products in Q1, increasing total products by 39% year-over-year.Source: earnings call transcript | 2.2MWe added a record 2.2 million new products in Q2 and increasing total products by 42% year-over-year to 24.4 million products.Source: earnings call transcript | +22.2% |
| Total products | 22.2MWe now have 22.2 million products.Source: earnings call transcript | 24.4MWe added a record 2.2 million new products in Q2 and increasing total products by 42% year-over-year to 24.4 million products.Source: earnings call transcript | +9.9% |
| Total capital ratio | 21%Our total capital ratio of 21% at quarter end is well above the regulatory minimum of 10.5% as well as our additional internal stress buffer.Source: earnings call transcript | 18.8%Our total capital ratio of 18.8% at quarter end is well above the regulatory minimum of 10.5% as well as our additional internal stress buffer.Source: earnings call transcript | -2.2 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
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