SoFi Technologies stock gains as stablecoin settlement goes live

Published on 09/23/2026 at 12:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SoFi Technologies stock traded at USD 17.16 on September 22, 2026, after its Mastercard launch. Q2 revenue reached USD 1.21 billion, up 42.5 percent year over year.

SOFI, US83416M1036, Illustration mit AI erstellt.

SoFi Technologies stock (ISIN US83416M1036) traded at USD 17.16 on Nasdaq on September 22, 2026, after the company and Mastercard activated stablecoin settlement across SoFi Bank's card program. The move gives the payments strategy a live operating milestone, although the shares remained below the 52-week high of USD 32.73.

Stablecoin settlement goes live

According to Business Wire on September 22, 2026, SoFi and Mastercard made stablecoin settlement live across SoFi Bank's debit and credit card program. The bank is migrating a card program expected to process more than USD 25 billion in annualized volume to settlement using SoFiUSD.

The USD 25 billion figure describes payment volume, not revenue. That distinction matters for valuation: the launch demonstrates payment infrastructure in production, but the available announcement does not quantify a direct revenue contribution from settlement fees.

Q2 revenue beats expectations

SoFi's latest reported quarter delivered USD 1.21 billion in revenue, up 42.5 percent from the same quarter a year earlier, according to MarketBeat in its September 22, 2026 report on the company's second-quarter results. Earnings per share came to USD 0.12, compared with a consensus estimate of USD 0.11 and USD 0.08 in the year-earlier quarter.

The same report put SoFi's net margin at 14.78 percent and said management's fiscal 2026 earnings guidance was USD 0.60 per share. The revenue comparison is the stronger operating signal, while the unchanged earnings guidance leaves execution and credit performance central to the next report.

Shares remain below yearly high

SoFi closed at USD 16.97 on September 21, 2026, before trading as high as USD 17.96 and last changing hands at USD 17.16 on September 22, according to MarketBeat. Volume reached 97,973,948 shares, 49 percent above the average daily volume of 65,774,227 shares.

The market capitalization was USD 22.16 billion on September 23, 2026, while the 52-week range ran from USD 14.88 to USD 32.73, based on market data reported by MarketBeat. The valuation therefore reflects a company with double-digit revenue growth and a newly operating payments initiative, but also a wide gap between the current quote and the yearly high.

Stock trades at USD 17.16

SoFi Technologies stock last traded at USD 17.16 on Nasdaq on September 22, 2026. The prior close was USD 16.97, the intraday high was USD 17.96, and the 52-week range was USD 14.88 to USD 32.73.