SoFi Q2 crypto transaction revenue rises 10% to 134 million dollars

SoFi's crypto transaction revenue grew 10% quarter over quarter in Q2, reaching 134.3 million dollars, contributing to a record 1.2 billion dollars in quarterly adjusted net revenue. The growth comes as SoFi expands its digital asset business and its SoFiUSD stablecoin facilitates real-time commercial payments through the enterprise banking platform. After accounting for 133.1 million dollars in transaction costs, the net revenue from crypto transactions was 1.2 million dollars, up from approximately 850,000 dollars in Q1. Despite being a small part of overall revenue, SoFi continues to enhance its digital asset capabilities since relaunching its crypto trading services in late 2025. The company also expanded its stablecoin offerings, allowing users to buy, sell, hold, and convert SoFiUSD on Ethereum and Solana. Analysts from William Blair noted that SoFi has reached a 'product growth inflection point,' with products per member increasing to 1.54 from 1.46 a year earlier. Additionally, SoFi announced a multi-year partnership with Notre Dame Athletics, establishing a 1.4 million dollar annual fund for student-athlete scholarships and becoming the first brand on Fighting Irish jerseys, with the agreement valued between 18 million and 20 million dollars annually.