SoFi Stock: What Wall Street Expects from Earnings July 29

TLDR

• SOFI stock is down 37% year-to-date but Q1 2026 net income jumped 134% year-over-year
• Q2 2026 earnings are due July 29; Wall Street expects EPS of $0.11 and revenue of ~$1.11 billion
• Options traders are pricing in a move of over 10% in either direction post-earnings
• Truist analyst Matthew Coad holds a Hold rating with a $18 price target, flagging concerns over loan platform growth and competition
• Wall Street’s consensus is Hold, with an average price target of $21.20 — implying 29% upside from current levels

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SoFi Technologies (SOFI) heads into its Q2 2026 earnings report on July 29 with its stock trading at $16.46 — down 37% year-to-date and roughly 50% off its 2026 highs.

SoFi Technologies, Inc., SOFI

That’s a wide gap between the stock price and what the business has actually been doing.

Q1 2026 showed record loan originations of $12.18 billion, up 68% year-over-year. GAAP net income came in at $166.73 million, a 134% jump from the same period last year. Operating income rose over 150%.

Member growth came in at 35% year-over-year, and 43% of new products were taken up by existing members — a sign the cross-sell model is working.

For the full year, management is guiding for $4.655 billion in adjusted net revenue, roughly 30% growth, and $0.60 in adjusted EPS. Medium-term guidance points to a 38% to 42% adjusted EPS CAGR through 2028.

Valuation Looks Attractive on Paper

At a forward P/E of 28 and a PEG ratio of 0.81, SOFI’s valuation looks cheap relative to its growth rate. A PEG below 1 generally signals a stock is undervalued compared to its earnings growth.

The analyst consensus price target sits at $20.58 to $21.20, depending on the source — both imply meaningful upside from current prices. SoFi has beaten estimates for seven consecutive quarters.

For comparison, LendingClub trades at a forward P/E of 12 but is growing revenue at just 12.5% year-over-year. Upstart carries a forward P/E of 36 with a 4.21% profit margin and a 0.9% operating margin. Neither has a bank charter or deposit base.

SoFi’s 14.8% profit margin and 18.3% operating margin put it ahead of both peers on profitability.

Analysts Are Cautious Going In

Wall Street’s consensus heading into earnings is a Hold — nine Holds, six Buys, and three Sells.

Truist analyst Matthew Coad reiterated his Hold rating ahead of Q2 results, nudging his price target up to $18 from $17. He described himself as “tactically more bearish” into the print.

Coad’s concerns include pressure on net interest margin, rising customer acquisition costs from neobank competition, and a potential slowdown in the Loan Platform Business due to tough year-over-year comparisons.

He also flagged that full-year guidance implies a sharp back-half acceleration. Any shortfall in revenue or an uptick in spending could put the $0.60 EPS target at risk.

Options traders are less cautious. The implied move for SOFI post-earnings is 10.45%, above the stock’s average post-earnings move of around 8.5% over the past four quarters.

Wall Street expects Q2 EPS of $0.11, up 37.5% year-over-year, on revenue of approximately $1.11 billion, a roughly 30% increase.

SOFI reports Q2 2026 results before market open on July 29.