SoFi Q2 revenue jumps 43% as lending business hits new high

SoFi delivered record second-quarter 2026 earnings, driven by strong growth in revenue, lending volumes, customer acquisition and product usage as the fintech company expanded both its consumer and enterprise offerings, according to a Wednesday statement. The company reported $1.2 billion in total net revenue, up 43% from a year earlier, while net income rose 61% to exceed $156 million. Adjusted EBITDA approached $358 million, up 44%, with diluted earnings per share increasing to $0.12. “Despite continued market uncertainty, our business model continues to prove its durability,” SoFi CEO Anthony Noto stated. “For the first time, we added twice as many products as members, a major milestone that underscores the trust members place in SoFi and the power of our ‘everything app’. Products like SoFi Plus and SoFi Coach are deepening member relationships and increasing lifetime value, while continued innovation across our consumer and enterprise platforms is expanding the value we deliver to members and clients,” he noted. Membership grew 35% year-over-year to 15.8 million, supported by 1.1 million new members added during the quarter. Total products climbed 42% to about 24 million, incl...