SoFi Technologies (NASDAQ:SOFI) Issues Earnings Results, Beats Estimates By $0.01 EPS
- On Tuesday, SoFi Technologies reported record third-quarter 2026 revenue of $1.4 billion, beating expectations, while raising its full-year adjusted net revenue forecast to $5.04 billion.
- Driven by strong demand, SoFi's membership increased 35% to 17.1 million, while lending products grew 39% to 3.4 million, lifting total products 44% to 26.7 million.
- CEO Anthony Noto said the company is "adding more members, who are using more products, and generating more revenue per product to create the most value for our shareholders." Quarterly adjusted profit reached 18 cents per share.
- SoFi issued its first 2027 projection, calling for adjusted net revenue near $6.4 billion with roughly 27% growth, as shares climbed in premarket trading on Tuesday.
- With a market cap of about $18.7 billion, SoFi targets at least 30% year-over-year member growth to challenge traditional banks through digital-first financial products.
27 Articles
27 Articles
SoFi Says It's Well Positioned for Economic Uncertainty
SoFi CEO Anthony Noto says the company's growth shows it's better able to handle economic uncertainty. The fintech firm raised its full-year net revenue guidance to about $5.04 billion and saw demand for its lending products grow. Noto joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
SoFi Technologies (NASDAQ:SOFI) Issues Earnings Results, Beats Estimates By $0.01 EPS
SoFi Technologies (NASDAQ:SOFI - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.25 billion. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The firm's quarterly revenue was up 44.4% on a year-…
SoFi Stock Surges Over 10% on Record Q3 Earnings, Raised Guidance
SoFi Technologies (NASDAQ: SOFI) shares surged more than 10% to $15.96 in premarket trading Tuesday after the digital financial services company reported record third-quarter 2026 results and raised its full-year earnings and revenue forecasts above Wall Street expectations. Adjusted net revenue rose 44% year over year to a record $1.37 billion, exceeding analysts' expectations of roughly $1.25 billion.Visit Website
SoFi Jumps 11% as Lending Boom Drives Earnings Beat and Raised Outlook; Robinhood and Affirm Edge Higher
A record lending quarter and a raised full-year outlook are giving one of fintech’s hardest-hit stocks a sharp respite. SoFi Technologies (NASDAQ:SOFI | SOFI Price Prediction) stock is at $16.11, up 11% in morning trading, a move that signals fresh confidence in the company’s lending-led growth story. Meanwhile, Robinhood Markets (NASDAQ:HOOD) stock is at $95, […]
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