Highlights

  • Third quarter 2026 total net revenue was $1,385,099 thousand and net income was $240,989 thousand, or $0.18 per diluted share.
  • Adjusted EBITDA, a non-GAAP measure, was $469,818 thousand, with members of 17.1 million and total products of 26.7 million.
  • Technology Platform segment net revenue was $87.4 million, a decrease of 24% from the prior year period.
  • Management now expects 2026 adjusted net revenue of approximately $5.04 billion and introduced 2027 adjusted net revenue of approximately $6.4 billion.

SoFi Technologies, Inc. (NASDAQ: SOFI) shares were trading at USD 16.63 on October 27, 2026, up 14.97%, with a relative volume at time of 3.65. The digital financial services company released third quarter 2026 results on October 27, 2026, raised its 2026 guidance and introduced a 2027 outlook.

SoFi is incorporated in Delaware and lists its principal executive offices at 234 1st Street in San Francisco, California. It describes itself as a member-centric, everything app for digital financial services that helps members borrow, save, spend, invest and protect their money. The company reports three segments: Lending, Financial Services and Technology Platform. Its Financial Services products include SoFi Money, Relay, SoFi Invest, Credit Card, Crypto and SoFi Plus, and its Lending products include personal, student and home loans. The earnings release does not disclose a headcount or fiscal year end.

Third Quarter Results

For the quarter ended September 30, 2026, SoFi reported total net revenue of $1,385,099 thousand, compared with $961,600 thousand in the third quarter of 2025. Net income was $240,989 thousand, compared with $139,392 thousand, and diluted earnings per share were $0.18, compared with $0.11. Adjusted net revenue, a non-GAAP measure, was $1,371,124 thousand, and adjusted net income, a non-GAAP measure, was $242,986 thousand.

Net interest income was $929.5 million. Total noninterest expense was $1,052,529 thousand, compared with $803,850 thousand, including sales and marketing of $444,015 thousand. The provision for credit losses was $14,738 thousand, compared with $9,199 thousand.

For the nine months ended September 30, 2026, total net revenue was $3,704,143 thousand and net income was $564,312 thousand.

Segments, Members and Credit

Lending segment net revenue was $821.3 million, and total loan originations were $16.9 billion, including approximately $3.8 billion from the Loan Platform Business. Financial Services segment net revenue was $525.1 million, and total deposits grew $5.8 billion to $51.3 billion.

Technology Platform segment net revenue was $87.4 million, a decrease of 24% from the prior year period. The company said this includes the impact of a large client that fully transitioned off the platform before December 31, 2025. Technology Platform-enabled accounts decreased 11% year over year to 140 million. Financial Services contribution margin was 50%, compared with 54% in the prior year period.

SoFi ended the quarter with 17.1 million members and 26.7 million products. The personal loan annualized charge-off rate was 2.26%, a decrease of 34 basis points year over year, and the student loan annualized charge-off rate was 63 basis points. The company stated that on-balance sheet 90-day delinquency rates for personal and student loans were relatively consistent with the prior year.

Capital and Balance Sheet

Equity grew by $218.9 million during the quarter to $11.3 billion, and tangible book value per share was $7.48. Estimated CET1 risk-based capital was $9,520,479 thousand, a ratio of 16.9%, compared with 20.0% a year earlier. Total assets were $67,766,776 thousand and cash and cash equivalents were $2,809,582 thousand at September 30, 2026. During the quarter, SoFi completed one securitization of Loan Platform Business loans totaling $460 million.

Guidance and Outlook

For 2026, management now expects adjusted net revenue of approximately $5.04 billion, adjusted EBITDA of approximately $1.66 billion, adjusted net income of approximately $840 million and adjusted EPS of approximately 61 cents per share. It continues to expect total members to increase by at least 30% year over year.

For 2027, management expects 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 90 cents per share. By 2030, the company plans to reach 100 million products. Management has not reconciled forward-looking non-GAAP measures to GAAP measures, and the statements are subject to risks and uncertainties.