SoFi Technologies

SOFI Q2 2025 Earnings

Reported Jul 29, 2025 at 7:03 AM ET · SEC Source

Q2 25 EPS

$0.08

BEAT +34.23%

Est. $0.06

Q2 25 Revenue

$854.9M

BEAT +6.29%

Est. $804.4M

vs S&P Since Q2 25

-45.1%

TRAILING MARKET

SOFI -31.7% vs S&P +13.4%

Market Reaction

Did SOFI Beat Earnings? Q2 2025 Results

SoFi Technologies delivered a standout second quarter of 2025, posting earnings per share of $0.08 against a consensus estimate of $0.06, a beat of 34.23%, while revenue of $854.94 million topped expectations of $804.36 million by 6.29%. The driving … Read more SoFi Technologies delivered a standout second quarter of 2025, posting earnings per share of $0.08 against a consensus estimate of $0.06, a beat of 34.23%, while revenue of $854.94 million topped expectations of $804.36 million by 6.29%. The driving force behind the quarter was the rapid expansion of fee-based revenue, which climbed 72% year-over-year to a record $377.50 million, reflecting SoFi's deliberate pivot away from balance-sheet lending toward higher-margin, capital-light income streams. The Loan Platform Business alone originated $2.40 billion in third-party loans during the period, running at an annualized pace exceeding $9.50 billion. Member growth reinforced the momentum, with total members reaching 11.7 million, up 34% year-over-year. Management responded to the strong results by raising full-year 2025 adjusted net revenue guidance to approximately $3.38 billion, implying roughly 30% annual growth, alongside a GAAP net income target of approximately $370 million and EPS of approximately $0.31 per share.

Key Takeaways

  • Fee-based revenue up 72% YoY to record $377.5 million
  • Loan Platform Business originated $2.4 billion in loans on behalf of third parties, up 57% sequentially
  • Net interest income up 26% YoY to $517.8 million driven by 24% increase in average interest-earning assets and 77 bps decrease in cost of funds
  • Record 850,000 new members in the quarter, bringing total to 11.7 million
  • Financial Services revenue per product up over 50% YoY
  • Interchange fee revenue up 83% YoY driven by ~$18 billion annualized spend
  • Personal loan annualized charge-off rate decreased from 3.31% to 2.83%
  • Total deposits grew to $29.5 billion with ~90% from direct deposit members
  • Unaided brand awareness reached all-time high of 8.5%
24/7 Wall St

SOFI YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

SOFI Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We had an exceptional second quarter, driving durable growth and strong returns through our relentless focus on product innovation and brand building.”

— Anthony Noto, Q2 2025 Earnings Press Release