SoFi Technologies experienced a share price decline of approximately 13% last week, potentially influenced by recent corporate guidance for 2026 earnings. The company's projected EPS ranged from 55 to 80 cents per share, a development hitting just as broader market trends showed a downturn. Despite major stock indexes closing higher last Friday after Federal Reserve Chair Jerome Powell expressed confidence in the economy, the S&P 500 and Nasdaq posted their third consecutive weekly declines, down 3% and 3.5% respectively. SoFi's performance contrasts with the tech-heavy Nasdaq Composite, where other companies like Broadcom saw gains due to positive AI demand, as well as the contrasting fortunes of Walgreens, which surged following a buyout deal. While intense market volatility led to mixed performances across sectors, the overall economic environment with subdued jobs data and mixed corporate earnings likely compounded SoFi’s stock pressure last week.

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Over the last year, SoFi Technologies posted a total shareholder return of 63.29%, significantly outperforming both the US Consumer Finance industry, which gained 24%, and the broader US Market, with an increase of 11.9%. Integral to SoFi's strong performance was its transition to profitability, highlighted by the full year 2024 net income reaching US$498.67 million from the previous year's net loss of US$300.74 million. The company also experienced substantial revenue growth, with Q3 2024 revenues climbing to US$723.37 million from US$564.27 million the previous year.

The launch of a new robo-advisor platform in November 2024, offering access to alternative asset classes, added to SoFi's appeal. The company's raised earnings expectations throughout 2024 further bolstered investor confidence, with guidance adjustments reflecting improved EPS projections. Another factor enhancing SoFi's market position was its impressive profit acceleration, marked by significant growth in net income across successive quarters of 2024.

• See how SoFi Technologies measures up with our analysis of its intrinsic value versus market price.
• Uncover the uncertainties that could impact SoFi Technologies' future growth—read our risk evaluation here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NasdaqGS:SOFI.

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