NEW YORK, July 23, 2026, 07:04 EDT
- Shares ended Wednesday at $17.07, falling 3.23%. In premarket trading, the stock rose 0.18% to $17.10.
- Nasdaq’s standard trading hours did not begin before 09:30 EDT. SoFi dropped 8.0% over the last week.
- Initial Q2 consensus projects revenue at $1.12 billion and earnings of $0.11 per share. Three months earlier, the EPS forecast was $0.14.
SoFi heads into Thursday’s premarket trading close to analysts’ median price target. Shares finished Wednesday at $17.07 and nudged higher to $17.10 before the bell.
At the close, shares were changing hands at 28.5 times FactSet’s 2026 EPS consensus of $0.60. Using the 2027 estimate of $0.81, the multiple drops to 21.1.
However, the immediate expectations for earnings have decreased. The consensus estimate for Q2 EPS stands at $0.11, representing a 21% decline compared to three months ago. Revenue forecasts are still at $1.12 billion.
Management previously forecasted approximately 30% growth in adjusted net revenue for Q2. The current full-year goal remains $4.655 billion, with the firm also projecting adjusted EPS at $0.60.
| Measure | Current or preliminary | Comparison |
|---|---|---|
| Wednesday finish | $17.07 | Fell 3.23% |
| Week earlier | -8.0% | $18.78 to $17.28 |
| Q2 EPS consensus, preliminary | $0.11 | $0.14 three months before |
| Consensus FY2026 EPS | $0.60 | 28.5 times earnings |
| Analyst view | Hold | $18 median price target |
| Median target potential gain | 5.4% | Calculated from Wednesday close |
SoFi dropped 3.23% on Wednesday, underperforming the broader market’s decline of 0.14% for the S&P 500. The financial-services index climbed 0.20%.
Trading volume totaled 90.3 million shares, exceeding SoFi’s average by around 7%. The stock had declined 8.0% over the prior week, slipping from $18.78 on July 10 to $17.28 by July 17.
The initial quarter presented a challenging baseline. Adjusted revenue increased by 41% to $1.087 billion. Adjusted EBITDA jumped 62% to $339.9 million. Earnings per share rose twofold to $0.12.
The expansion continued to be driven by loans. Net interest income climbed by 39% to reach $693 million. Revenue from fees advanced 23%, totaling $386.8 million.
The company projected an adjusted EBITDA margin close to 30% for Q2 and sees adjusted net income margin between 12% and 13%. In the first quarter, those figures were 31% and 15%, respectively.
Andrew Jeffrey, an analyst at William Blair, criticized the decision to leave the yearly guidance steady following Q1. “SoFi uncharacteristically did not flow through first-quarter revenue and EBITDA upside,” he wrote. Reuters
Chief Executive Anthony Noto told Reuters that consumer health was still robust, and he anticipated solid loan demand in the second quarter. Shares dropped significantly after management maintained their full-year guidance in April.
Markets faced higher rates on Thursday. Nasdaq 100 futures slipped 0.37% as of 05:37 EDT. Brent crude edged toward $98 and two-year Treasury yields climbed to their highest in 17 months.
Traders saw a 35% probability of a July rate hike by the Federal Reserve, climbing from 12% the prior week.
Risks: An abrupt shift in rates could impact funding expenses, loan rates and demand. Personal loans made up $8.3 billion of the $12.2 billion in Q1 originations. Management continues to guide for a maximum cumulative loss rate of 7% to 8%.
SoFi is set to report its Q2 earnings at approximately 07:00 EDT on Wednesday, July 29, with a conference call scheduled for 08:00. Investors are expected to focus on fee revenue, margins, credit trends, and full-year guidance.
The earnings assessment requires more than 30% revenue expansion. Margins and forecasts also need to justify a 28.5-times 2026 earnings valuation. The median analyst price target is still $18.
