SoFi Statistics 2026: Members, Deposits, Loans and Crypto Revenue

SoFi Technologies closed the second quarter of 2026 with 15.8 million total members, up 35% from 11.7 million at the end of the same prior-year period, after total deposits grew by $5.3 billion to $45.5 billion. It also booked a record $14.8 billion of loan originations. SoFi statistics below cover members, deposits, lending, credit performance, and crypto. Each figure is stamped to the quarter SoFi reported it, and most come from SoFi’s quarterly earnings releases and Form 10-Q filed with the SEC.

Two numbers define the business right now. One is a deposit base funding the loan book far below warehouse-line cost. The other is a crypto line whose gross revenue dwarfs what SoFi keeps. The charter and SoFiUSD sections rest on an earlier Form 8-K and an investor relations newsroom release.

Key Takeaways

• SoFi ended Q2 2026 with 15.8 million total members, up 35% year over year, after adding a record 1.1 million members in the quarter.
• Total deposits reached $45.5 billion as of June 30, 2026, a $5.3 billion increase in three months.
• Quarterly loan originations reached a record origination volume of $14.8 billion, up 69% year-over-year, with student loan volume of $2.7 billion up 170% year-over-year.
• The loan book carried $2.027 billion of cumulative fair value adjustments against $44.303 billion of unpaid principal.
• Crypto transaction revenue reached $134.267 million in Q2 2026, but a cost of crypto transaction revenue of $133.084 million left net crypto transaction revenue of $1.183 million.
• As of June 30, 2026, approximately 98% of total deposits were insured, with uninsured deposits totaling $1.1 billion.
• SoFi Bank held a CET1 risk-based capital ratio of 15.2%, against a 7.0% required minimum including the capital conservation buffer.

Editor’s Choice

• Products per member reached an all-time high of 1.54, with 51% of new products opened by existing SoFi members.
• SoFi posted record GAAP net revenue of $1.2 billion, up 43% relative to the prior-year period’s $854.9 million.
• Personal loan originations totaled $10.7 billion, which included Loan Platform Business originations of $3.1 billion placed with third parties.
• Lending produced contribution profit of $399.0 million, against $212.7 million from Financial Services and $11.8 million from Technology Platform.
• The average rate paid on deposits in the second quarter was 156 basis points lower than that paid on warehouse facilities, which translates to approximately $712.6 million of annualized interest expense savings.
• The personal loan annualized charge-off rate decreased 21 basis points year-over-year to 2.62%, down from 3.03% in the prior quarter.
• SoFi Crypto grew from 63,441 products at the end of 2025 to 388,336 six months later.

SoFi Statistics: Members and Products

Member and product counts both rose in the most recent reported quarter. Cross-buy, rather than new-customer acquisition, now carries that growth.

• SoFi grew members 35% year-over-year to 15.8 million and products 42% year-over-year to nearly 24.4 million.
• SoFi added a record 1.1 million new members and a record 2.2 million new products in the quarter.
• Cross-buy continued to accelerate, with 51% of new products opened by existing SoFi members, up from 43% last quarter and 35% in Q2 2025.
• Products per member reached an all-time high of 1.54.
• Financial Services products increased by 43% year-over-year to 21.3 million, primarily driven by continued demand for SoFi Money, Relay, and Invest products, and drove 89% of total product growth.
• Lending products increased by 36% year-over-year to 3.1 million, and Financial Services products account for 87% of total products.

Source: SoFi Technologies Form 8-K earnings releases, Q2 2025 to Q2 2026

By the numbers: Product additions of 2.2 million against member additions of 1.1 million mark the first quarter in which SoFi opened twice as many products as it signed members, with cross-buy at 51% of new products and products per member at an all-time high of 1.54. Existing members, not new ones, supply the growth.

Relay leads the Financial Services product mix at 7,993,828 products, narrowly ahead of SoFi Money at 7,888,387.

That ratio matters more than the headline member count. A member who opens a second and third product arrives at little incremental acquisition cost.

Enterprise accounts moved the other way. Technology Platform-enabled accounts decreased 16% year-over-year to 135 million, including the impact from a large client which fully transitioned off the platform prior to December 31, 2025. The Technology Platform segment supplies the account infrastructure and APIs other institutions build on. One departing client therefore moves that count sharply.

Members are a customer count, not a staffing measure. Headcount coverage sits on a separate page, linked here under the prior revision’s anchor: SoFi’s member count.

SoFi Deposit and Funding Statistics

Deposits fund the balance sheet that SoFi’s lending runs on. Pricing them below warehouse facilities is the mechanical reason net interest margin has held up.

• In the second quarter of 2026, total deposits grew $5.3 billion to $45.5 billion, which included strong growth in member deposits.
• During the quarter, average total deposits comprised over 90% of average total liabilities.
• The average rate paid on deposits in the second quarter was 156 basis points lower than that paid on warehouse facilities, which translates to approximately $712.6 million of annualized interest expense savings.
• Net interest income of $788.2 million for the second quarter was up 52% year-over-year.
• Net interest margin of 5.98% increased 4 basis points from the prior quarter, after a net interest margin of 5.94% in Q1 2026.
• In the third quarter of 2025, total deposits grew $3.4 billion to $32.9 billion, with nearly 90% of SoFi Money deposits (inclusive of Checking and Savings and cash management accounts) coming from direct deposit members.
• In the fourth quarter of 2025, total deposits grew $4.6 billion to $37.5 billion, driven primarily by member deposits.

Direct-deposit concentration is the part worth watching. A payroll relationship is far stickier than a rate-shopping savings balance. That same dynamic separates Chime from a pure high-yield deposit gatherer.

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Recent Developments

• May 27, 2026: SoFiUSD, a bank-issued U.S. dollar stablecoin, is available for SoFi members to buy, sell, hold, and convert directly within the SoFi app.
• Q1 2026: In the first quarter, SoFi began minting SoFiUSD, its U.S. dollar-reserved stablecoin.
• Q2 2026: Consumer innovation included the launch of Composer by SoFi, an AI-powered investing platform, Small Business Loans (“SMB”), and a redesigned Home Equity Line of Credit experience.
• July 29, 2026: Management raised full-year guidance, increasing 2026 Adjusted Net Revenue Guidance to $4.75 billion to $4.85 billion.
• Q2 2026: SoFi’s unaided brand awareness rose to an all-time high of 10.4%, up 190 basis points year-over-year.

SoFi Revenue and Profitability Statistics

Quarterly revenue kept climbing, and fee income supplied a growing share of it. Book value per share is the denominator valuation screeners tend to leave out.

• SoFi booked record GAAP net revenue of $1.2 billion increased 43% relative to the prior-year period’s $854.9 million.
• GAAP net income reached $156.6 million and diluted earnings per share reached $0.12.
• Total fee-based revenue reached $472.3 million, representing 39% of total revenue in the quarter and increasing 22% from the prior quarter.
• Equity grew by $264.6 million during the quarter to $11.1 billion and $8.58 of book value per share.
• Tangible book value per share was $7.34 at quarter-end, up from $4.72 per share in the prior year period, and up 56% year-over-year.
• 1,291,570,324 shares of common stock were outstanding at July 31, 2026.

Whether the stock is expensive against that book value belongs to a broker’s research desk, not a data page. Readers asking whether SoFi is overvalued at least now have the denominator, before applying any multiple of their own.

Growth is uneven across the business. The Financial Services segment and the Technology Platform behave very differently, which the segment tables below separate out.

SoFi Loan Origination Statistics

Originations set a company record across personal, student, and home lending. Partner funding, rather than SoFi’s own balance sheet, carried part of the personal loan volume.

• For the second quarter of 2026, record origination volume of $14.8 billion increased 69% year-over-year.
• Record personal loan originations of $10.7 billion in the second quarter of 2026 were up 54% year-over-year, inclusive of $3.1 billion originated on behalf of third parties through the Loan Platform Business.
• Second quarter student loan volume of $2.7 billion was up 170% year-over-year. This marked the highest quarter of student loan originations in SoFi’s history.
• Home loan volume was $1.4 billion, an increase of 74% year-over-year.

Partner funding is why origination totals and balance-sheet growth no longer move together. A slice of the personal loans SoFi underwrites never lands on its own books.

The student-loan surge reads more like a refinancing response to the rate path than a jump in new-borrower demand. It deserves separate treatment from the student loan origination market as a whole.

SoFi’s Loan Book at Fair Value

SoFi carries loans at fair value rather than amortized cost, so the markdown appears on the face of the disclosure instead of sitting inside a loss allowance. Personal lending dominates the book and carries the heavier default assumption.

• At June 30, 2026, the total fair value of loans was $46.602 billion against unpaid principal of $44.303 billion.
• Cumulative fair value adjustments of $1.223 billion on personal loans, $0.705 billion on student loans, and $0.100 billion on home loans totalled $2.027 billion at quarter-end.
• Weighted average annual default rate: 4.77%; 0.73% applies to personal and student loans, respectively.
• Weighted average discount rate: 4.97%; 4.29% applies to the same two loan types.

That fair-value split by loan type rests on model assumptions that vary by product: the table below sets out the coupon, default, prepayment, and discount-rate inputs behind personal and student loans.

Source: SoFi Technologies Q2 2026 earnings release, quarter ended June 30, 2026

Key finding: Cumulative fair value adjustments of $2.027 billion sit against $44.303 billion of unpaid principal at June 30, 2026. Because SoFi reports at fair value, that markdown is restated every quarter rather than held inside a reserve, which makes the underwriting assumptions directly observable to any reader.

Those default assumptions state plainly where credit risk in this balance sheet sits. Readers comparing SoFi with a bank reporting at amortized cost are not comparing like with like, because that bank’s equivalent judgment sits in a reserve line.

SoFi Credit Performance Statistics

Charge-off rates improved on both loan types quarter over quarter. SoFi also publishes a stated lifetime loss tolerance for the personal book, which is the ceiling worth tracking against future quarters.

• The personal loan annualized charge-off rate decreased 21 basis points year-over-year to 2.62%, down from 3.03% in the prior quarter.
• The student loan annualized charge-off rate decreased to 61 basis points from 65 basis points in the prior quarter.
• The data continues to support a 7-8% maximum cumulative net loss assumption for personal loans, in line with SoFi’s underwriting tolerance.

That tolerance is the figure to hold against future quarters. A sustained move toward it would surface in the fair-value marks well before it surfaced in charge-offs.

SoFi Segment Revenue Statistics

Lending carried the revenue and the contribution profit. Financial Services traded margin for revenue growth, and the enterprise platform moved in the opposite direction.

• For the second quarter of 2026, Lending segment GAAP net revenue of $724.8 million increased 63% from the prior-year period.
• Lending segment second quarter contribution profit of $399.0 million was up 63% from $244.7 million in the corresponding prior-year period.
• Financial Services segment net revenue of $466.3 million increased 29% from the prior-year period.
• Contribution profit for the second quarter of 2026 reached $212.7 million, a $24.4 million improvement over the prior year period, while contribution margin declined 6 percentage points year-over-year to 46%.
• Technology Platform segment net revenue of $84.5 million for the second quarter of 2026 increased 13% from the prior quarter. Contribution profit of $11.8 million reflected a contribution margin of 14%.
• Compared to the prior-year period, segment revenue decreased 23% for the Technology Platform.
• In the second quarter, interchange fee revenue was up 55% year-over-year, as a result of $28 billion in total annualized spend in the quarter across SoFi Money and Credit Card.

Net revenue by segment does not show profitability on its own; the table below adds contribution profit and margin for the same three segments.

Source: SoFi Technologies Q2 2026 earnings release, quarter ended June 30, 2026

Brokerage monetization reads differently once set beside broader retail investing data, where fee compression has run for years.

SoFi Crypto and SoFiUSD Stablecoin Statistics

Crypto is back inside the SoFi app, and product counts have climbed since relaunch. Revenue from that business is easily misread, because the gross line and the net line diverge sharply.

• SoFi’s product table shows Crypto 63,441 products at December 31, 2025.
• Crypto products grew to 239,509 as of March 31, 2026, and 388,336 as of June 30, 2026.
• SoFi reported crypto transaction revenue of $134.267 million, cost of crypto transaction revenue of $133.084 million, and net crypto transaction revenue of $1.183 million for the quarter.
• SoFiUSD is redeemable 1:1 for U.S. dollars from SoFi Bank. SoFi Bank maintains liquid assets to support all outstanding SoFiUSD.
• SoFi’s launch announcement states that SoFiUSD is the first stablecoin issued by a U.S. national bank, and SoFiUSD is available on Ethereum and Solana.

That climb in crypto product counts sets up the revenue side of the same business: the chart below breaks Q2 2026 crypto transaction revenue into its gross, cost, and net components.

Why it matters: Cost of crypto transaction revenue absorbed $133.084 million of the $134.267 million SoFi booked as crypto transaction revenue in Q2 2026, leaving net crypto transaction revenue of $1.183 million. Crypto therefore works as a member-retention feature for the bank rather than as a profit centre.

Quoting the gross line as SoFi crypto revenue quotes a number the company itself nets down on the very next row. The same distinction governs crypto exchange market data sector-wide. Take rates, not notional volume, decide the economics.

Reserve disclosure on SoFiUSD follows bank practice rather than crypto-issuer practice. Members benefit from the transparency of a regulated institution, including regular attestations that are performed by an independent Certified Public Accountant (CPA) licensed in the United States. A comparable attestation model governs the issuers tracked in stablecoin reserve and regulation data.

Crypto adoption across the member base still sits far below SoFi Money account totals, which is roughly what crypto user demographics would predict for a mainstream banking audience rather than a crypto-native one.

SoFi Capital and Deposit Insurance Statistics

Capital ratios sit above required minimums at both the holding company and the bank, and almost all deposits fall inside insurance limits. SoFi also extends coverage beyond the standard limit through a participating-bank network.

• SoFi Technologies reported a CET1 risk-based capital ratio of 18.7% and SoFi Bank a CET1 risk-based capital ratio of 15.2% as of June 30, 2026.
• SoFi Bank’s total risk-based capital ratio stood at 15.3%, measured against risk-weighted assets of $46.673 billion.
• As of June 30, 2026, and December 31, 2025, the amount of uninsured deposits totaled $1.1 billion and $1.0 billion, respectively. As of June 30, 2026, approximately 98% of total deposits were insured.
• SoFi continues to provide members with access to expanded FDIC insurance coverage through a network of participating banks in its Insured Deposit Program, offering access to expanded FDIC insurance coverage of up to $3 million through our Insured Deposit Program.
• SoFi plans to contribute $750 million in capital and pursue its national, digital business plan, per the charter announcement.

Source: SoFi Technologies Form 10-Q, quarter ended June 30, 2026

Charter approval came earlier. SoFi Technologies, Inc. (“SoFi”), the digital personal finance company, today announced that the Office of the Comptroller of the Currency (OCC) and the Federal Reserve have approved its applications to become a Bank Holding Company through its proposed acquisition of Golden Pacific Bancorp, Inc., and to operate its bank subsidiary as SoFi Bank, National Association, per the January 2022 announcement.

What is the downside of SoFi?

Concentration and mix, not solvency, are what SoFi’s own filings disclose as the downside. Unsecured personal lending supplies most origination volume, the enterprise segment shrank, and crypto retains almost none of its gross revenue.

Start with the enterprise segment. Technology Platform segment net revenue of $84.5 million for the second quarter of 2026 increased 13% from the prior quarter. Contribution profit of $11.8 million reflected a contribution margin of 14%, against a segment revenue decline versus the prior year.

Credit assumptions come next. Weighted average annual default rate of 4.77% and 0.73% applies to personal and student loans, respectively, so the unsecured book carries the higher assumed loss rate of the two.

Crypto economics close the list. Crypto transaction revenue of $134.267 million produced net crypto transaction revenue of $1.183 million, so growth in that line adds very little to earnings at the current take rate.

None of these is a distress signal alone. They are the parts of the business that a member-count headline hides.

How risky is SoFi stock?

SoFi’s filings do not rate the stock, and neither does a data page. Management’s own risk inventory sits in the risk-factor section of the Form 10-Q, which this page does not summarize.

Measurable proxies published alongside those factors are the ones covered above. Charge-offs ran at 2.62% on personal loans, the fair-value model assumed a weighted average annual default rate of 4.77% 0.73%, and SoFi Bank held a CET1 risk-based capital ratio of 15.2%.

Anyone evaluating the equity should read the full risk-factor section of the Form 10-Q filed with the SEC and speak to a licensed adviser. Nothing here is investment advice or a recommendation to buy, sell, or hold any security.

Conclusion

SoFi statistics above close on a company that ended the quarter with 15.8 million total members and total deposits grew $5.3 billion to $45.5 billion, funding a loan book whose record origination volume of $14.8 billion increased 69% year-over-year. Net interest margin of 5.98% and a CET1 risk-based capital ratio of 15.2% at SoFi Bank describe a lender that converted its national bank charter into a measurable funding advantage.

Lines to watch next are the ones headline numbers obscure: enterprise-platform revenue after the large-client departure, personal loan losses against the disclosed lifetime tolerance, and whether crypto ever converts volume into net revenue. Each is disclosed quarterly in the SEC filings behind every figure above.