SoFi Technologies now has a $23.4 billion market cap and reported GAAP net income of $166.7 million (EPS $0.12) in Q1 2026, marking its tenth consecutive profitable quarter. Shares jumped 4% overnight and rose over 7% Friday as prediction markets assign a 10% chance of S&P 500 inclusion.
To qualify for the S&P 500, companies need at least $22.7 billion in unadjusted market capitalization and four consecutive quarters of positive GAAP earnings. SoFi’s $23.40 billion market cap and tenth straight profit underpin a 10% probability assigned by traders for inclusion this quarter.
SoFi reported GAAP net income of $166.7 million and diluted earnings per share of $0.12 in Q1 2026, marking its tenth consecutive profitable quarter and satisfying key index eligibility rules.
Shares jumped nearly 4% in overnight trading and climbed over 7% on Friday, building on a 13% gain in May, its strongest monthly performance since August 2025.
The company launched SoFiUSD, the first stablecoin issued by a U.S. national bank on a banking platform, expanding its digital payments and crypto offerings.
