LendingClub
Digital marketplace bank connecting personal loan borrowers to deposit-funded and institution-backed credit.
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Profile
LendingClub operates a digital marketplace bank that funds personal loans through FDIC-insured deposits and institutional whole-loan sales. The bank subsidiary — acquired in 2021 when LendingClub became the first U.S. fintech to buy a federally chartered bank — is rebranding to Happen Bank in summer 2026.
LendingClub Corporation operates as a digital marketplace bank headquartered in San Francisco, offering unsecured personal loans to consumers through a hybrid funding model: loans are held on the bank's own balance sheet, funded by FDIC-insured deposits, or sold whole to institutional buyers. The bank subsidiary — LendingClub Bank, N.A., currently rebranding to Happen Bank — was acquired in 2021 when LendingClub purchased Radius Bancorp, becoming the first U.S. fintech to acquire a federally chartered bank.
The company originated as a peer-to-peer lending marketplace in 2007, shut down its retail Notes platform in 2020 as the bank model superseded it, and exited an OCC operating agreement in 2024 as a regulatory milestone. The business targets high-FICO, higher-income consumers it calls the Motivated Middle. Revenue derives from net interest income on held loans and from loan sale premiums and servicing fees on the marketplace channel. The corporate parent, LendingClub Corporation, trades on the NYSE under ticker LC.
Company facts
Categories
Key statistics
Year to date +0.5% · Average volume (30d) 2.4M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Apr 27, 2026Q1 FY26 | $0.38 | $0.44 | +15.8% | $249.1M | $252.3M | +1.3% | −1.80% |
| Jan 28, 2026Q4 FY25 | $0.31 | $0.35 | +12.9% | $262.0M | $266.5M | +1.7% | −15.99% |
| Oct 22, 2025Q3 FY25 | $0.30 | $0.37 | +21.9% | $256.3M | $349.6M | +36.4% | +10.47% |
| Jul 29, 2025Q2 FY25 | $0.15 | $0.33 | +120.0% | $259.1M | $331.3M | +27.9% | +21.21% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $299.8M | $331.3M | $349.6M | $354.0M | $261.2M | $268.9M | |
| Gross profit | $159.6M | $208.7M | $220.0M | $266.5M | $176.2M | $183.7M | |
| Operating income | $15.7M | $54.0M | $57.2M | $97.2M | −$8.7M | $121.2M | |
| Net income | $11.7M | $38.2M | $44.3M | $41.6M | $51.6M | $58.1M | |
| Diluted EPS | $0.10 | $0.33 | $0.37 | $0.35 | $0.44 | $0.50 | |
| Gross margin | 53.2% | 63.0% | 62.9% | 75.3% | 67.5% | 68.3% | |
| Operating margin | 5.2% | 16.3% | 16.4% | 27.5% | -3.3% | 45.1% |
Fiscal years (4-quarter sums)FY21 $882.4M · FY22 $1.25B · FY23 $1.15B · FY24 $1.16B · FY25 $1.33B
Revenue by product · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $4.06B · Total debt $0 · Total assets $12.55B · Shareholders' equity $1.57B
Dividends
No dividends on record.
Ownership
Shares outstanding 115.35M · Float 111.32M
Insiders — no current Form 4 position.
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| Wellington Management Group LLP | 15.28M | 13.25% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 10.06M | 8.72% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 8.25M | 7.15% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 6.29M | 5.45% | 13F | Aug 11, 2026 |
| Bay Pond Investors (Bermuda) L.P. | 5.88M | 5.10% of class | 13G | Apr 24, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| LendingClub | $19.21 | +2.13% | $2.22B | 11.6 | 9.8 | 1.8 | −15.9% |
| SoFi | $18.08 | +0.22% | $23.17B | 37.6 | 24.5 | 4.1 | +41.0% |
| Upstart | $29.20 | +0.40% | $2.78B | 56.9 | 16.5 | 2.4 | +41.8% |
| OneMain | $63.02 | +0.29% | $7.26B | 9.5 | 8.0 | 1.1 | −15.5% |
| Capital One | $223.60 | +3.64% | $132.31B | 13.3 | 9.9 | 1.7 | +26.0% |
| Ally Financial | $42.18 | 0.00% | $12.83B | 9.9 | 7.1 | 0.8 | −0.3% |
| Affirm | $77.40 | −0.37% | $26.04B | 70.7 | 44.6 | 6.6 | +33.0% |
| Median | 25.5 | 13.2 | 2.0 | +29.5% |