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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
SoFi Technologies raised its 2026 revenue guidance following record member growth and loan originations in the second quarter. The company reported 40-41% year-over-year revenue growth, marking its 11th consecutive profitable quarter. Fee-based revenue now accounts for 39% of total revenue, reinforcing its 'everything app' strategy. Despite the strong performance, SoFi issued conservative guidance for the remainder of the year, anticipating potential Federal Reserve rate hikes.