SoFi Posts Record Quarter, Lifts 2026 Outlook and Adds 2027 Goals

SoFi Technologies reported record third-quarter results on October 27 and raised its guidance for 2026. It also introduced an outlook for 2027.

Adjusted net revenue rose 44% to $1.4 billion. Adjusted EBITDA climbed 70% to a record $470 million, a 34% margin. Net income reached $241 million, up from $139 million a year earlier, and diluted earnings per share were $0.18.

"We had exceptional Q3 results against the backdrop of any environment," said chief executive Anthony Noto.

Guidance

SoFi now expects 2026 adjusted net revenue of $5.04 billion, a 40% increase, and adjusted EBITDA of $1.66 billion. It forecast net income of $840 million and EPS of $0.61. The company said the new figures are above analyst estimates compiled by FactSet as of October 26.

For 2027 it guided to about $6.4 billion of adjusted net revenue, $2.24 billion of adjusted EBITDA, $1.28 billion of net income and EPS of $0.90. That implies roughly 27% revenue growth and a net income margin of about 20%.

Members and lending

Membership grew 35% to 17.1 million after a record 1.2 million additions in the quarter. Products rose 44% to 26.7 million. Members hold about 1.56 products each, up from 1.47 a year ago.

Loan originations hit a record $16.9 billion, including about $3.8 billion through its Loan Platform Business. Lending adjusted net revenue was about $807.4 million. Credit performance, the company said, remained strong and in line with expectations.

Financial Services revenue grew 25% to about $525.1 million. Credit card products rose 67% to roughly 656,000. Net interest income was $929.5 million, up 59%, and net interest margin was 6.14%.

By 2030 SoFi plans to reach 100 million products. It also aims to have five businesses with more than $1 billion in revenue each. Eight businesses already generate more than $100 million in annualized revenue.

Source: SoFi Technologies