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SoFi Q1 2026 Earnings: Launches SoFiUSD Stablecoin, Reports $1.1 Billion in Net Revenue

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SoFi Technologies reported Q1 2026 on-chain results, with net revenue reaching $1.1 billion, a 41% year-over-year increase. The fintech company recorded $167 million in net income, marking its tenth consecutive profitable quarter. SoFi launched SoFiUSD, a fully reserved USD stablecoin, and partnered with Mastercard for global payment settlements. The company also upgraded its SoFi Plus membership to include crypto trading cashback. Amid evolving global crypto regulations, these initiatives reflect SoFi’s strategic expansion into digital assets and financial services.

ChainThink reports, according to Businesswire, fintech company SoFi Technologies released its first-quarter 2026 financial results, reporting quarterly net revenue of $1.1 billion, a 41% year-over-year increase, and net profit of $167 million, marking its tenth consecutive quarter of GAAP profitability.

The company officially launched full-reserve USD stablecoin SoFiUSD minting in the first quarter, while collaborating with partners such as Mastercard to enable stablecoin settlement within global payment networks.

In addition, SoFi relaunched its SoFi Plus membership program in April this year, adding benefits such as cashback on cryptocurrency trading.

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