SoFi posts record Q3 earnings and lifts full-year outlook

SoFi Technologies announced that third-quarter loan originations surged 71% year over year to $16.9 billion, driving net income up to $241 million and earnings of 18 cents per share. Net revenue climbed 44% to $1.39 billion, outpacing Wall Street forecasts of 17 cents per share and $1.26 billion in revenue. The company upgraded its full-year 2026 adjusted net-revenue outlook to roughly $5.04 billion and expects adjusted EBITDA of $1.66 billion, both above FactSet estimates.

It also issued a preliminary 2027 projection of about $6.4 billion in adjusted net revenue. Membership reached a record 17.1 million, and the personal loan charge-off rate improved to 2.26%. CEO Anthony Noto said the firm is creating long-term shareholder value by adding members, expanding product usage and increasing revenue per product.