Why SoFi Stock Dropped 12% in September

Published October 5, 2026 · Category: Finance

Overview

SoFi Technologies (NASDAQ:SOFI) stock fell 12% in September, according to data provided by S&P Global Market Intelligence. Rising bond yields, high interest rates, and overall market volatility are weighing on the stock price.

The market's reaction to SoFi stock would be unexpected based on the company's recent performance. It's growing fast, becoming more profitable, launching innovative products, and adding customers at a rapid pace.

Details

Here are some of the second-quarter highlights: 1.1 million new customers joined the platform, a 35% increase over last year, for a total of 15.8 million. Adjusted net revenue increased 40% year over year to $1.2 billion, and earnings per share (EPS) rose $0.08 to $0.12.

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Source

Originally published at www.fool.com.

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