SoFi reports record Q2 2026 earnings and launches stablecoin settlement on Mastercard
SoFi Technologies posted Q2 2026 net revenue of $1.2 billion and net income of $157 million, driving its stock up about 5% on October 15. The firm also went live with its bank‑issued stablecoin, SoFiUSD, to settle its $25 billion card program on Mastercard’s network and announced a partnership to launch a crypto‑linked card in Mexico. Analysts are split, with StoneX initiating coverage and a $25 price target while Goldman Sachs and TD Cowen trimmed their targets to $15 and $17.50 respectively.
Why it matters
The earnings beat confirms SoFi’s profitability and growth, supporting its valuation despite a 40% YTD share decline. The stablecoin settlement could lower transaction costs and open new fee streams, potentially boosting future revenue.
Key facts
- 1Q2 2026 net revenue was $1.2 billion. timothysykes.com
- 2Q2 2026 net income was $157 million. timothysykes.com
- 3SoFiUSD became the first stablecoin issued by a nationally chartered bank to settle on Mastercard’s global network. timothysykes.com
- 4The stablecoin is being used to migrate SoFi’s $25 billion annualized debit and credit card program to blockchain settlement. timothysykes.com
- 5SoFi’s stock rose 5.03% on October 15, 2026. timothysykes.com
- 6StoneX initiated coverage with a Buy rating and a $25 price target. timothysykes.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.