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Get filing alertsSoFi reports record Q1 revenue of $1.1B (up 43%), net income of $167M, and 14.7M members
Filed April 29, 2026 · Period ending April 29, 2026 · ~1 min read
Key Changes
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Q1 2026 net revenue reached $1.1 billion (up 43% year-over-year) with net income of $167 million (up 134%). Diluted EPS doubled to $0.12 from $0.06 in Q1 2025.
Exhibit 99.1 view on EDGAR → -
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Record loan originations of $12.2 billion, up from $10.5 billion in Q4 2025. Personal loans hit $8.3 billion, student loans $2.6 billion (up 119% year-over-year), and home loans $1.2 billion (up 137% year-over-year).
Exhibit 99.1 view on EDGAR → -
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Added 1.1 million new members to reach 14.7 million total (up 35% year-over-year). Total products reached 22.2 million (up 39%), with 43% cross-buy rate demonstrating strong engagement.
Exhibit 99.1 view on EDGAR → -
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Maintained full-year 2026 guidance: at least 30% member growth, adjusted net revenue of $4.655 billion (30% growth), adjusted EBITDA of $1.6 billion (34% margin), and adjusted EPS of $0.60.
Exhibit 99.1 view on EDGAR → -
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Launched SoFiUSD stablecoin with Mastercard partnership for global payments settlement and introduced Big Business Banking to serve enterprise clients, expanding beyond retail consumers.
Exhibit 99.1 view on EDGAR →
Summary
SoFi delivered a strong first quarter with record financial and operational metrics across the board. Net revenue of $1.1 billion grew 43% year-over-year while net income more than doubled to $167 million, demonstrating improving profitability as the company scales.
The member base reached 14.7 million (up 35%) with accelerating product adoption—22.2 million total products and a 43% cross-buy rate show customers are using multiple SoFi services, which typically improves retention and lifetime value.
Loan originations hit a record $12.2 billion, with particularly strong growth in student loans (up 119%) and home loans (up 137%), suggesting SoFi is gaining market share in these segments. The company maintained its full-year guidance calling for 30% revenue growth and a 34% adjusted EBITDA margin, indicating confidence in sustaining momentum. The launch of SoFiUSD stablecoin and Big Business Banking represents early-stage diversification efforts, though their near-term financial impact remains to be seen. For retail holders, the combination of accelerating growth, improving profitability, and strong member engagement supports the investment thesis that SoFi can continue taking share in digital financial services.
Section-by-Section Diff
Event · Exhibit 99.1
SoFi reported Q1 2026 record net revenue of $1.1B (up 43%), net income of $167M, 14.7M members (up 35%), and record loan originations of $12.2B.
Added in current filing · view on EDGAR →
Total net revenue $1,100,368 $771,759 43 % Net income 166,731 71,116 134 % Net income attributable to common stockholders – diluted 167,075 71,455 134 % Earnings per share attributable to common stockholders – diluted $0.12 $0.06 100 %
SoFi reported Q1 2026 GAAP net revenue of $1.1 billion, up 43% year-over-year from $771.8 million. Net income reached $166.7 million, up 134% from $71.1 million in Q1 2025. Diluted earnings per share doubled to $0.12 from $0.06.
Added in current filing · view on EDGAR →
For 2026, management expects to increase total members by at least 30% year-over-year. Management also expects to deliver adjusted net revenue of approximately $4.655 billion which implies approximately 30% annual revenue growth. Management expects adjusted EBITDA of approximately $1.6 billion, which equates to an annual EBITDA margin of approximately 34%. Management expects adjusted net income of approximately $825 million, which equates to a margin of approximately 18%. Lastly, management expects adjusted EPS of approximately 60 cents per share.
SoFi maintained its full-year 2026 guidance: at least 30% member growth, adjusted net revenue of approximately $4.655 billion (30% growth), adjusted EBITDA of approximately $1.6 billion (34% margin), adjusted net income of approximately $825 million (18% margin), and adjusted EPS of approximately $0.60 per share.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 19, 2026 · How we verify