SoFi Q3 net income $241 million, raises 2026 revenue guidance

October 27 — According to SoFi Technologies' (NASDAQ: SOFI) Q3 2026 financial report, the company's GAAP net revenue reached $1.385 billion, up 44% year-over-year; net income was $241 million, up 73% year-over-year; diluted earnings per share were $0.18. Adjusted EBITDA was $470 million, up 70% year-over-year, with a margin of 34%.

Members increased to 17.1 million, up 35% year-over-year, with 1.2 million net additions in the quarter; products reached 26.7 million, up 44% year-over-year. Quarterly loan originations reached $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, an increase of $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 to approximately $840 million, and adjusted earnings per share to approximately $0.61. The company 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 earnings per share of approximately $0.90.