SoFi Technologies Inc.

SoFi Technologies and Mastercard announced that stablecoin settlement went live across SoFi Bank, N.A.'s debit and credit card program, migrating its entire US$25.00 billion card portfolio to SoFiUSD. SoFiUSD is the first stablecoin issued by a nationally chartered bank on Mastercard's global network, positioning bank-issued stablecoins as an operational bridge between traditional payment rails and blockchain infrastructure. The move connects to SoFi's April 2026 launch of Big Business Banking, which lets enterprises manage fiat and crypto, mint and burn SoFiUSD, and access real time payments in a single bank interface. SoFi's narrative projects $7.7 billion revenue and $1.6 billion earnings by 2029, requiring 21.6% yearly revenue growth and an earnings increase of about $1.0 billion from $636.3 million today, while the most pessimistic analysts saw SoFi reaching only about US$6.0 billion revenue and US$1.0 billion earnings by 2029.

SoFi Technologies has begun migrating its full debit and credit card program to stablecoin settlement using SoFiUSD across Mastercard's network, a live card program expected to handle more than $25 billion in annualized volume. SoFi Bank has already moved transactions onto blockchain rails, and merchants do not need to hold stablecoins or build new infrastructure to participate. Payward will join the SoFi Exchange Network, list SoFiUSD on Kraken and use SoFi's Big Business Banking capabilities, while SoFi will use Kraken Prime for digital-asset liquidity. In the second quarter, management said roughly $300 million of SoFiUSD was in circulation, and second-quarter adjusted net revenues rose 40% year over year to $1.2 billion, with adjusted EBITDA of $358 million at a 30% margin and fee-based revenues of $472 million. Management lifted 2026 adjusted net revenue guidance to $4.75 billion-$4.85 billion while maintaining about $1.6 billion of adjusted EBITDA, and consensus estimates point to 2026 and 2027 EPS increases of 53.85% and 35.91%, respectively. SoFi shares have fallen 36.7% year to date as of Sept. 25, 2026, compared with a 5.7% decline for PayPal and a 17.4% gain for Block, and SOFI trades at a forward 12-month price-to-sales multiple of 3.83X versus 1.32X for PayPal and 1.63X for Block; SOFI carries a Zacks Rank #3 (Hold).

Mastercard has begun settling SoFi Bank card transactions using SoFiUSD, putting a bank-issued stablecoin to work inside an operating card program. SoFi says the program is expected to handle more than $25 billion in annualized card volume, a figure that represents the size of the card program rather than a reported total for stablecoin transactions or new Mastercard revenue. Merchants can receive funds without holding tokens or building blockchain systems, which the companies say improves the arrangement's chances of fitting into everyday payments. Mastercard shares held flat at $565.21 at 11.38am ET on Friday, leaving the stock 17.49% below its $685 GF Value estimate. The company's opportunity lies in keeping its network central as the asset used for settlement changes, with proof to come from faster or cheaper settlement, wider adoption and eventually measurable revenue.

SoFi has begun settling debit and credit card transactions across Mastercard's network using SoFi USD, its own stablecoin, in what the companies describe as live blockchain settlement rather than a pilot. SoFi is migrating its entire credit card program, which is expected to process more than $25 billion in annualized volume, onto the arrangement. Under the setup, consumers use a normal credit card without needing to hold crypto or know that blockchain is involved, while merchants are paid as usual, receiving funds in their SoFi bank account and converting them to dollars with round-the-clock access. The settlement itself runs entirely on blockchain stablecoin rails in the background, with the blockchain component invisible to both cardholders and merchants. The development was discussed by Scott Melker on "The Daily Wolf with Scott Melker," which airs daily at 12:00 p.m.

Bitcoin ETFs took in $1.7 billion in inflows over a strong two-day run, with $714.7 million arriving on Tuesday after Monday's roughly $1 billion haul, the ninth biggest inflow day ever, bringing the four-day streak to about $2.3 billion. In the stablecoin world, Mastercard and SoFi have teamed up on stablecoin settlement for cards, with SoFi now settling debit and credit card transactions across Mastercard's network using SoFi USD and migrating its entire credit card program, which is expected to process more than $25 billion in annualized volume. Binance has invested $100 million into Circle, buying shares at a 5% discount on a vesting schedule, and signed a new five-year commercial agreement to promote USDC on its platform. Binance is also under US scrutiny over possible Iran sanctions violations, according to Bloomberg News. BitMEX, the exchange that invented the perpetual swap, has now closed.

SoFi Technologies reported record second-quarter 2026 results, with loan originations rising 69% year over year and 51% of new products opened by existing members. Management called the quarter an inflection point, citing fee-based revenue growth and a member count of 15.8 million, as the company leans on its bank charter to fund loans with its own deposits. The narrative projects $7.7 billion in revenue and $1.6 billion in earnings by 2029, requiring 21.6% yearly revenue growth and roughly a $1.0 billion increase from $636.3 million today, yielding a $20.34 fair value and 20% upside. Some of the lowest-ranked analysts expect revenue of about US$6.0 billion and earnings around US$1.0 billion by 2029, arguing the stock deserves a lower multiple and warning that persistent high rates could keep loan demand under pressure. Investors are also watching rising net charge offs and higher rates as risks to SoFi's lending growth.

SoFi Technologies is the only one of the three major fintech lenders — SoFi, Upstart, and Affirm — that currently holds a full bank charter, giving it an internal deposit base to fund loans while its rivals still rely on third-party bank partners. SoFi obtained its charter on Jan. 18, 2022, by acquiring the small California bank Golden Pacific and applying through it, and has since grown deposits from $1.2 billion in first-quarter 2022 to $45.5 billion in second-quarter 2026, with members rising from 3.9 million to 15.8 million and products from 5.9 million to 24.4 million over the same period. The company swung from a net loss of $110 million, or -$0.14 per share, four years ago to net income of $156 million, or $0.12 per share, in Q2 2026. Upstart received conditional approval for a national bank charter in July and is expected to get final approval in early 2027, while buy now, pay later provider Affirm applied for an industrial loan bank charter in January and has not yet been granted any approvals. SoFi stock is down about 36% year to date and trades at 34 times earnings and 21 times forward earnings, after returns of 116% in 2023, 54% in 2024, and 70% in 2025.

SoFi Technologies said 51% of new products opened in the second quarter of 2026 came from existing members, up from 43% in the prior quarter and 35% a year earlier. The company added 1.1 million members in the quarter, lifting total members to 15.8 million, up 35% year over year, while product additions reached a record 2.2 million, pushing total products to 24.4 million, up 42%. Products per member rose to an all-time high of 1.54 from 1.51 in the first quarter, and SoFi Plus surpassed 200,000 paid subscribers after its relaunch, with 25% of existing members who signed up adding another product. Financial Services products reached 21.3 million, up 43% year over year and 87% of total products, while fee-based revenues climbed to $472.3 million, or 39% of total revenues, and annualized spending across SoFi Money and Credit Card hit $28 billion, helping interchange revenues rise 55% year over year. SoFi shares have declined 1.7% over the past six months, and the stock trades at a forward price-to-earnings ratio of 22.36X versus the industry's 15.56X, with the Zacks Consensus Estimate for full-year 2026 EPS gaining a cent to 60 cents over the past two months.

SoFi Technologies Inc. is trending after announcing a strategic partnership with Payward on Thursday, connecting SoFi's banking infrastructure with Kraken's digital asset markets, and shares traded higher on the news. Under the agreement, Payward will join the SoFi Exchange Network and list SoFiUSD, SoFi's bank-issued stablecoin, on Kraken, while SoFi will use Kraken Prime as an additional source of digital asset liquidity for trades made by SoFi members within its app. By joining SEN, SoFi's real-time settlement network, Kraken's institutional clients gain the ability to clear and settle U.S. dollar transactions around the clock, extending settlement beyond traditional banking hours. SoFi CEO Anthony Noto emphasized that the financial system should not shut down when markets stay open, and the partnership builds on SoFi's Big Business Banking offering launched in April. The listing of SoFiUSD on Kraken expands access to the stablecoin for millions of retail, professional, and institutional clients, while SoFi members stand to benefit from better pricing on crypto trades through Kraken Prime's liquidity.

SoFi Technologies is betting that customers will pay for more value inside its financial services app, and the initial numbers for SoFi Plus are encouraging. After relaunching the premium membership in the second quarter of 2026, SoFi ended the period with 206,000 paid subscribers, signaling solid early demand. Most of these subscribers are existing members, with about 85% already using SoFi, and the subscription is designed to increase awareness and use of other products. Early signs show the strategy is working: 25% of existing members who joined SoFi Plus added another product afterwards, with SoFi Invest benefiting the most, and SoFi Plus generated more than $24 million in annualized revenues after its first quarter. The opportunity lies within a fast-growing customer base, as SoFi added a record 1.1 million members during the quarter, taking total membership to 15.8 million, and added 2.2 million products while cross-buy reached 51%. Management now wants SoFi Plus to expand significantly, with CEO Anthony Noto saying he would be disappointed if membership does not reach one million within a year, which would imply about $120 million in annual revenues. Meanwhile, competitors are also growing: Robinhood Markets expanded into banking and international markets, reaching a record 28.4 million funded customers, and Chime Financial deepened its primary-account relationship, with Active Members rising 20% year over year to 10.4 million. SoFi shares have gained 13.9% in the past three months, and the stock trades at a forward price-to-earnings ratio of 25.41X, above the industry's 17.02X, with a Value Score of F. The Zacks Consensus Estimate for full-year 2026 EPS gained a cent to 60 cents over the past month, and the stock carries a Zacks Rank #3 (Hold).

SoFi Technologies has begun settling its trading business in SoFiUSD and processing transactions for Big Business Banking clients on the SoFi Exchange Network. SoFiUSD is backed by cash at the Federal Reserve and is described as the first stablecoin issued by a nationally chartered bank on a public, permissionless blockchain. Roughly $300 million of SoFiUSD was in circulation at the end of the second quarter of 2026. Fee-based revenues reached $472 million, or 39% of adjusted net revenues, up 22% from the prior quarter, while Financial Services and Technology Platform revenues together accounted for about $551 million, or 46% of adjusted net revenues. Management expects Financial Services and Technology Platform revenues to exceed 50% of total revenues over time.

Alibaba shares rose 1.5% premarket after Reuters reported the company is set to sell its Lingxi Games business to private equity firm Trustar Capital for more than $2 billion. Memory chipmakers gained after U.S. Commerce Secretary Howard Lutnick told the Wall Street Journal the Trump administration opposes Apple buying Chinese memory chips, with Sandisk up nearly 5% and Western Digital and Micron Technology up more than 3%. Intel added about 1.5% after CEO Lip-Bu Tan purchased more than 105,000 shares at $95 each, according to an SEC filing. SoFi Technologies rose 2% after Piper Sandler initiated coverage with an overweight rating, and Okta gained 1% after Wells Fargo upgraded the stock to overweight from equal-weight.

SoFi Technologies reported second-quarter revenue of $1.21 billion, up 40.5% year over year and beating analyst expectations by 7.1%, making it the best performer among seven personal loan stocks tracked. The group as a whole exceeded consensus revenue estimates by 4.2%, with shares up 1.9% on average since reporting. Sezzle posted the biggest estimate beat with revenue of $149.7 million, up 51.7% year over year, but its stock fell 27.3% after results. OneMain Holdings, the weakest performer, reported revenue of $1.29 billion, up 6.9% year over year, while Happen Bank and FirstCash also beat or met expectations.

SoFi Technologies has introduced three new private market funds for SoFi Invest members through partnerships with CAZ Investments and AngelList Asset Management. The funds provide access to private market opportunities including exposure to sectors such as AI, fintech, healthcare, and defense, with lower minimum investment requirements and liquidity features compared with many traditional private market products. The new offerings sit alongside SoFi Invest's existing brokerage and investing tools, extending access to assets usually harder for individual investors to reach. SoFi's push to deepen engagement with its 13.7 million members is supported by the expansion from a pure lending platform to a broader investment and wealth offering. Investors will watch the next earnings release after August 2026 to see whether private markets are becoming a meaningful slice of SoFi Invest activity.

SoFi Technologies originated a record $10.7 billion in personal loans in the second quarter, up 69% year over year, as part of $14.8 billion in total loan originations. As of June 30, SoFi's balance sheet held $28 billion in personal loans, representing 57% of the total lending book, with $27.6 billion, or 100%, of those personal loans categorized as held for sale. Chief Financial Officer Chris Lapointe said on the Q2 2026 earnings call that $7.6 billion of the $10.7 billion in personal loans was originated for the balance sheet, while the rest was sold via the loan platform segment to third-party investors. The net charge-off rate for personal loans was 3.7% in Q2, down from 4.5% a year earlier, and the company added 1.1 million net new customers to reach 15.8 million members. SoFi reported 43% year-over-year revenue growth and a 61% increase in net income compared to Q2 2025.

SoFi Technologies reported second-quarter revenue of $1.21 billion, beating analyst estimates by 7.1% and rising 40.5% year on year, while adjusted earnings per share of $0.12 exceeded consensus by 9.9%. The company added a record 1.1 million new members and saw the percentage of new products purchased by existing members climb to 51% from 35% a year ago, driven by its SoFi Plus premium subscription and other digital offerings. Adjusted EBITDA reached $357.8 million, representing a 29.7% margin and a 7.3% beat, and the operating margin improved to 16.9% from 13.1% in the prior-year quarter. Management plans to reinvest incremental revenue into new growth opportunities such as SoFi Coach, expanded business banking, and small business lending, maintaining its current EBITDA guidance despite the strong results. Fee-based revenue streams grew 38% year over year, and the Technology Platform segment is scaling through acquisitions and new commercial offerings to target more enterprise clients.

SoFi Technologies shares have dropped 41.75% year to date in 2026, yet the company posted record Q2 loan originations of $14.8 billion and GAAP net income of $156.59 million, up 61% year over year. A five-year bull case targets $49.31 by July 30, 2031, implying a 227.9% gain from the current $15.25 price, contingent on sustaining 30%-plus member growth, delivering on a guided 38% to 42% adjusted EPS compound annual growth rate through 2028, and stabilizing the Technology Platform segment which fell 23% year over year after a large client departure. Wall Street consensus is split with a $20.63 average target and only 33% of analysts rating the stock a buy, while the base case estimate stands at $20.14. Key risks include a potential credit cycle turn that could spike charge-offs and recent net insider selling across 80 transactions.

SoFi posted record quarterly revenue and raised its full-year sales outlook. CEO Anthony Noto told Bloomberg Tech that the company is keeping its earnings guidance unchanged, citing AI-driven gains in engineering productivity and customer service. Noto said SoFi will continue investing for long-term growth even as interest-rate expectations shift.

BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi are publicly backing the Clarity Act, a crypto market structure bill, with only about a week and a half left before the Senate recess begins on August 8th. The asset managers are supporting the legislation while banks led by Jamie Dimon and JPMorgan oppose it, creating a major divide on Wall Street. The firms backing the bill seek regulatory clarity on jurisdiction between the SEC and CFTC, investor protections, and rules for a competitive American market. Separately, Morgan Stanley launched Ethereum and Solana exchange-traded products with fees of .14%, or 14 bips, and plans to pass staking rewards back to investors. Core Scientific signed a 15-year agreement with AMD for approximately 530 megawatts across five states, representing more than 14 billion in potential contracted revenue, as the company shifts focus from Bitcoin mining to AI data centers.

SoFi Technologies is expected to report a year-over-year increase in earnings when it releases results for the quarter ended June 2026 on July 29. The Zacks Consensus Estimate calls for earnings of $0.11 per share, up 37.5% from the prior year, on revenues of $1.11 billion, a 29.7% increase. The Most Accurate Estimate is above the consensus, yielding an Earnings ESP of +2.59%, which combined with a Zacks Rank of #3 indicates the company will most likely beat the consensus EPS estimate. Over the last four quarters, SoFi Technologies has surpassed consensus EPS estimates three times.

Three U.S.-listed stocks trading below $50—SoFi Technologies, Nu Holdings, and Pinterest—are highlighted for their double-digit revenue growth and constructive Wall Street consensus. SoFi Technologies posted record loan originations of $12.18 billion, up 68%, with Q1 2026 revenue of $1.10 billion and GAAP net income more than doubling to $166.7 million. Nu Holdings grew revenue 58% to $4.97 billion, serving 135 million customers across Latin America, and trades at a forward P/E of 19. Pinterest beat Q1 EPS estimates by 25% with revenue of $1.01 billion, 631 million global monthly active users, and a forward P/E of 13 against mid-teens revenue growth.

SoFi Technologies and Tidal Investments launched the SoFi Social 50 Income ETF in early July 2026, an actively managed fund that applies an options-based income strategy to the 50 most-held U.S. stocks in SoFi Invest self-directed accounts, with an expense ratio of 0.73%. The ETF packages covered calls and call spreads into a single vehicle, lowering capital and operational hurdles for investors seeking options-based income exposure. The launch strengthens SoFi's investing ecosystem but is unlikely to move near-term results as much as upcoming Q2 earnings, where financial services growth and credit performance remain key catalysts and risks. Alongside the ETF, SoFi's recent introduction of SoFiUSD, a bank-issued stablecoin integrated with Mastercard for settlement, underscores a push into AI and blockchain-powered services that could deepen engagement and add fee income. Some analysts project SoFi could reach approximately $8.7 billion in revenue and $1.9 billion in earnings by 2029 under aggressive adoption scenarios, though such forecasts reflect a much more bullish view than consensus.

SoFi Technologies has grown its membership 183% over three and a half years to 14.7 million as of March 31, underscoring that its customer growth story remains intact. The digital-only fintech, which trades 42% below its peak, was named the number one U.S. bank by Forbes in its World's Best Banks ranking, according to CEO Anthony Noto. SoFi's deposit base has ballooned almost 300% in the past three years to $40.2 billion, aided by a 3.1% annual percentage yield on savings and expanded FDIC insurance up to $3 million. Leadership projects adjusted net revenue will grow at an annualized rate of 30% from 2025 to 2028, driven by new customer additions and cross-selling opportunities.

SoFi Technologies has emerged as an ideal fintech takeover target with 14.7 million members, a national bank charter, over $40 billion in member deposits, and the Galileo platform servicing about 133 million global accounts, all at a sub-$23 billion market cap. Mastercard is seen as the cleanest strategic buyer given its existing payments partnership with SoFi and ample capacity with $7.91 billion in cash and $11.7 billion in buyback authorization, though owning a chartered bank remains a hurdle. JPMorgan Chase and Bank of America both approach the 10% nationwide deposit cap, creating a regulatory wall that effectively blocks either from acquiring SoFi. PayPal has strategic logic but faces a weak financial case with a $41.8 billion market cap and only $13.5 billion in cash, while private equity is constrained by Bank Holding Company Act rules. CEO Anthony Noto's aggressive share purchases near $18 signal management is not selling, with roughly $5 billion in fiscal 2026 revenue guidance driving the real takeout math.

StockStory identified The Trade Desk, SoFi Technologies, and Guidewire Software as three growth stocks expanding their competitive advantages. The Trade Desk posted annual revenue growth of 20.2% over the past two years and a healthy operating margin of 20.3%. SoFi Technologies achieved 33.4% annual revenue growth over the last two years and annual earnings per share growth of 396%. Guidewire Software saw billings growth average 20.6% over the last year and reported a trailing 12-month operating margin of 8.2%.

Netflix and SoFi Technologies are identified as two growth stocks whose recent price declines present long-term buying opportunities. Netflix shares have fallen nearly 40% from last June's peak amid concerns over slowing revenue growth and competitive pressures, but the company's dominant streaming brand positions it to benefit as traditional cable and theatrical film businesses deteriorate. SoFi Technologies stock is down more than 40% since its November high after fintech partner Chime discontinued use of its platform, causing a 27% year-over-year drop in first-quarter platform revenue, yet total revenue still rose 41% to $1.1 billion and the company added 1.1 million customers to reach 14.7 million. Analysts expect comparable growth for the remainder of this year and next, and the global neobanking industry is projected to grow at an average annual rate of 36% through 2035, according to Precedence Research.

SoFi Technologies has launched the SoFi Social 50 Income ETF, ticker SFYI, expanding its ETF lineup to drive fee-based revenue growth. The fund invests in the top 50 U.S.-listed stocks held by SoFi Invest self-directed accounts and adds an actively managed options strategy for monthly income and growth potential. This launch builds on SoFi's existing ETFs, including the SoFi Social 50 ETF, SoFi Agentic AI ETF, SoFi Select 500 ETF, and SoFi Enhanced Yield ETF. In the first quarter of 2026, SoFi's brokerage fee revenues more than doubled year over year, while total fee-based revenues reached $386.8 million, up 23%. The company had 14.7 million members, up 35% year over year, and 3.7 million SoFi Invest accounts.

SoFi Technologies shares are down 29% year to date at $18.61 despite record first-quarter loan originations of $12.18 billion, up 68% year over year, and operating income jumping 150%. CEO Anthony Noto guided for 38% to 42% compounded EPS growth through 2028, which could make the current 32 times forward earnings multiple look cheap by 2027. Reaching $30 per share requires EPS compounding near the guided range, the Technology Platform segment returning to growth, and the overhang from a March 2026 Muddy Waters report alleging accounting misstatements fading. Wall Street consensus target is $20.90, with only 33% of analysts bullish, while an internal model puts the base case at $20.53 and a bull scenario at $25.69.

SpaceX has been added to the Nasdaq 100 index, prompting discussion about how its inclusion will affect Nasdaq 100 ETFs. Brian Walsh, head of advice and planning at SoFi, noted that while investors generally welcome exposure to SpaceX, its weighting in the index is lower than some might expect because it is based on shares available to trade rather than market capitalization. The move comes as new ETF products challenge Invesco's QQQ fund on cost, with Walsh saying competition should drive down expenses and improve transparency. SoFi also launched a new ETF, SFYI, which invests in the top 50 US-listed equities traded on its platform and generates monthly yield through actively managed option strategies.