SoFi’s Shares Jump After Fintech Beats Estimates, Raises Revenue Forecast
The fintech beat third-quarter estimates as lending revenue jumped 68% and membership reached a record 17.1 million.
- 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.
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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, […]
SoFi's shares jump after fintech beats estimates, raises revenue ...
SoFi Stock $16 After Q3 Beat and $5.04B Guide: Bull $20
Updated 27 October 2026. SoFi Technologies (NASDAQ: SOFI) traded at $16.02 in premarket trading at 9:10 am ET on Tuesday, up about 10.8 percent from Monday's $14.46 close (Yahoo Finance), after third-quarter results beat estimates and the company raised its 2026 revenue guide to about $5.04 billion (SoFi release). Verdict: a clean beat with a bigger guide and a first 2027 outlook. Adjusted EPS of $0.18 topped the $0.17 consensus, adjusted net re…
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