NEW YORK, December 31, 2025, 17:57 ET — After-hours
- SoFi shares were down about 1.4% in after-hours trading on the final U.S. session of 2025.
- A late-year rise in Treasury yields weighed on rate-sensitive fintech and consumer-lending names.
- Investors are watching the 2026 rate path and SoFi’s next earnings update.
SoFi Technologies, Inc. shares fell in after-hours trading on Wednesday, extending a year-end pullback for rate-sensitive fintech stocks. The stock was down 1.4% at $26.18, after trading between $26.08 and $26.90 with about 33.8 million shares changing hands.
The selloff came as U.S. borrowing costs moved higher, a key variable for consumer lenders. The 10-year Treasury yield rose 3.5 basis points — one basis point is 0.01 percentage point — to 4.163% after jobless-claims data showed an unexpected dip in applications for unemployment benefits, a Reuters report said. 1
Year-end funding conditions were also in focus after the Federal Reserve Bank of New York said firms borrowed a record $74.6 billion from its Standing Repo Facility, a backstop where the Fed lends cash against securities. “The funding market is more secure, there’s less panic, and more confidence that the SRF is working,” said Scott Skyrm, a money market trader at Curvature Securities. 2
Other fintech lenders and consumer-credit names were also lower. Affirm fell about 1.8%, Upstart dropped roughly 2.7% and LendingClub was down about 1.7% in after-hours trading.
The broader market ended the year with modest declines as holiday-thinned trading reduced conviction. The S&P 500 fell 0.74% on Wednesday and the Nasdaq slid 0.76%, Reuters reported. 3
SoFi, which runs a consumer-facing digital bank and lending franchise, often trades like a high-beta stock — meaning it tends to swing more than the broader market. Shifts in yields can pressure valuations for growth stocks and ripple through funding costs and refinancing demand across consumer credit.
The company is also still digesting the impact of a $1.5 billion common-stock offering completed earlier this month, an SEC filing showed. Equity offerings increase share count, which can dilute earnings per share if profits do not rise fast enough. 4
SoFi last lifted its 2025 profit forecast after reporting a record quarter in late October, Reuters reported. Investors have since focused on whether the company can sustain growth in lending and fee-based businesses as the rate outlook shifts. 5
Looking into 2026, traders expect fewer Federal Reserve rate cuts than in 2025, with markets pricing about 60 basis points of easing next year as of Monday, according to a Reuters report. That matters for SoFi’s net interest margin — the spread between what it earns on loans and pays on deposits and other funding. 6
The next major company catalyst is its fourth-quarter earnings report, which Nasdaq’s earnings calendar currently estimates for Jan. 26, 2026. The date can shift until SoFi confirms a schedule. 7
Investors will be listening for updates on credit performance, loan growth and deposit trends, alongside any commentary on demand as consumers move into 2026. Traders will also keep one eye on Treasury yields and money-market rates as year-end balance sheet pressures fade.
For now, SoFi shares look set to trade with the market’s appetite for rate-sensitive growth stocks, keeping macro data and the Fed’s 2026 message in the driver’s seat.
