SoFi reports Q3 net income of $241 million, up 73% year over year, raises 2026 guidance and issues first 2027 outlook

According to TechFlow, on Oct. 27, SoFi Technologies (NASDAQ: SOFI) reported in its Q3 2026 earnings release that GAAP net revenue reached $1.385 billion, up 44% year over year; net income was $241 million, up 73% year over year; diluted EPS was $0.18. Adjusted EBITDA was $470 million, up 70% year over year, with a 34% margin.

Members increased to 17.1 million, up 35% year over year, with 1.2 million new members added during the quarter; products reached 26.7 million, up 44% year over year. Quarterly loan originations totaled $16.9 billion, up 71% year over year, including $12.6 billion in personal loans, $2.9 billion in student loans, and $1.4 billion in home loans. Total deposits at quarter-end were $51.3 billion, up $5.8 billion from the prior quarter.

The company raised its 2026 adjusted net revenue guidance to approximately $5.04 billion, adjusted EBITDA guidance to approximately $1.66 billion, adjusted net income guidance to approximately $840 million, and adjusted EPS guidance to approximately $0.61. It also issued its first 2027 outlook: adjusted net revenue of approximately $6.4 billion, adjusted EBITDA of approximately $2.24 billion, adjusted net income of approximately $1.28 billion, and adjusted EPS of approximately $0.90.

Source: TechFlow