SoFi Technologies (SOFI) is scheduled to report its Q2 2026 earnings before the market opens on July 29, with Wall Street expecting earnings per share of $0.11 and revenue of approximately $1.11 billion.

The company’s stock was trading at $16.46 ahead of the report, down 37% year-to-date and roughly 50% below its 2026 highs. Options traders are pricing in a post-earnings move of 10.45% in either direction, above SOFI’s average post-earnings move of about 8.5% over the past four quarters.

The upcoming report follows a Q1 2026 period in which SoFi posted record loan originations of $12.18 billion, up 68% year-over-year. GAAP net income reached $166.73 million, a 134% increase from the same period a year earlier, while operating income rose more than 150%.

Member growth increased 35% year-over-year in Q1. The company also reported that 43% of new products were taken up by existing members, reflecting continued use of its cross-sell model. Those metrics are central to how investors assess SoFi’s ability to convert member growth into broader product adoption while managing lending activity and funding costs.

For the full year, SoFi management is guiding for $4.655 billion in adjusted net revenue, representing roughly 30% growth, along with $0.60 in adjusted EPS. The company’s medium-term guidance points to a 38% to 42% adjusted EPS compound annual growth rate through 2028.

Valuation and peer comparisons

SOFI trades at a forward price-to-earnings ratio of 28 and a PEG ratio of 0.81. A PEG ratio below 1 is commonly used by investors as an indication that a stock may be valued below its earnings growth rate.

Analyst consensus price targets for SoFi range from $20.58 to $21.20, depending on the source. The $21.20 average price target implies 29% upside from current levels. SoFi has also beaten estimates for seven consecutive quarters.

Among peers, LendingClub trades at a forward P/E of 12 while growing revenue at 12.5% year-over-year. Upstart has a forward P/E of 36, a 4.21% profit margin, and a 0.9% operating margin. Neither LendingClub nor Upstart has a bank charter or deposit base.

That distinction matters because SoFi’s bank charter and deposit base are part of the company’s competitive positioning against other consumer lending and fintech platforms. At the same time, the earnings debate remains tied to whether that structure can support profitability while competition for digital banking customers remains elevated.

SoFi’s profit margin stands at 14.8%, while its operating margin is 18.3%, placing it ahead of both LendingClub and Upstart on those profitability measures.

Analysts remain cautious before earnings

Wall Street’s consensus rating on SOFI heading into earnings is Hold, based on nine Hold ratings, six Buy ratings, and three Sell ratings.

Truist analyst Matthew Coad reiterated a Hold rating ahead of the Q2 results and raised his price target to $18 from $17. Coad described himself as “tactically more bearish” going into the earnings release.

His concerns include pressure on net interest margin, rising customer acquisition costs linked to neobank competition, and the possibility of slower growth in the Loan Platform Business because of difficult year-over-year comparisons.

Coad also noted that SoFi’s full-year guidance implies a sharp acceleration in the second half of the year. He said any revenue shortfall or increase in spending could put the company’s $0.60 adjusted EPS target at risk.

Wall Street expects SoFi to report Q2 EPS of $0.11, up 37.5% year-over-year, on revenue of about $1.11 billion, a roughly 30% increase. Beyond the headline EPS and revenue figures, investors will be watching whether Q2 results support management’s second-half guidance and whether loan growth, margins, and acquisition spending remain aligned with the full-year outlook.

SOFI is set to release Q2 2026 results before the market opens on July 29.