New York, Jan 30, 2026, 11:19 EST — Regular session
- SoFi shares dipped in morning trading as investors absorbed the quarterly earnings and 2026 projections.
- The fintech reported its first adjusted billion-dollar quarter, fueled by fee-based growth and a surge in loan originations.
- Credit performance, funding costs, and changes in consumer borrowing demand remain key focuses for traders.
Shares of SoFi Technologies, Inc. fell roughly 4.5% to $23.27 on Friday, retreating from an initial gain following the fintech lender’s quarterly report and its 2026 guidance.
The report arrives amid jitters around consumer-lending stocks. Investors are seeking confirmation that rising fees and platform revenue can offset earnings volatility as interest rates shift and credit conditions tighten.
SoFi has shifted from being just a lender to positioning itself as a digital financial-services hub, combining banking, cards, investing, and a tech platform all in one. Investors are now seeing how that blend performs, quarter after quarter, in the public markets.
SoFi reported a 37% jump in adjusted net revenue to $1.01 billion for the quarter ending Dec. 31, with adjusted earnings coming in at 13 cents per share. Fee-based revenue surged 53% to $443 million, while financial services net revenue climbed 78% to $456.7 million. Loan originations hit a record $10.5 billion. Deposits increased to $37.5 billion, but technology platform accounts dropped 23% to 128 million, following the exit of a major client. Looking ahead to 2026, SoFi projects adjusted net revenue around $4.655 billion and adjusted EPS near 60 cents. CEO Anthony Noto described the quarter as “nothing short of exceptional.” 1
Noto said credit performance met expectations and that members’ financial health “remained strong.” He also highlighted the political effort to impose a 10% cap on credit card interest rates, warning it could trigger a “meaningful contraction” in card lending and create a “massive gap” that personal loans might have to fill. 2
On the earnings call, Noto revealed SoFi aims to “begin to launch” business banking in 2026 and reaffirmed a 20% to 30% return-on-equity target, while indicating it will continue spending to fuel growth. CFO Chris Lapointe mentioned the company “signed a new partner this week” for its loan platform and has others at “final term sheet stages.” 3
That loan platform offers SoFi a relatively clean path to boost fees without having to keep every loan on its balance sheet — a key consideration as investors assess capital demands among fintech lenders.
The downside remains clear. A weakening economy paired with rising job losses would quickly push up credit costs in unsecured lending. Plus, any policy move altering consumer credit pricing might throw demand into chaos.
Traders are set to focus on the U.S. Employment Situation report for January, due Feb. 6 at 8:30 a.m. ET. This data will offer key insights into consumer health and the trajectory of interest rates—factors crucial to how SoFi’s 2026 targets are valued. 4
