Key Highlights

  • Adjusted net revenue rose 44% to a record USD 1.4 billion, and adjusted EBITDA rose 70% to USD 469.8 million.
  • Net income was USD 241.0 million, or USD 0.18 per diluted share, up 73% from USD 139.4 million.
  • Members grew 35% to 17.1 million and products grew 44% to 26.7 million, both records.
  • Full-year 2026 guidance rose to USD 5.04 billion of adjusted net revenue and USD 1.66 billion of adjusted EBITDA.

Record Quarter Across Lending and Services

SoFi Technologies (NASDAQ:SOFI) reported third quarter 2026 results on Tuesday. GAAP net revenue rose 44% to a record USD 1.385 billion from USD 961.6 million, and adjusted net revenue rose 44% to USD 1.371 billion. Net income rose 73% to USD 241.0 million, and diluted EPS rose to USD 0.18 from USD 0.11. Adjusted net income was USD 243.0 million, the twelfth consecutive profitable quarter, and adjusted EBITDA was a 34% margin.

Chief Executive Anthony Noto said the company is adding more members who use more products and generate more revenue per product, and that SoFi has grown from a single-product company into an everything financial app with eight businesses each generating over USD 100 million in annualized revenue. The company reported a Rule of 40 score of 79 and a return on tangible common equity of about 10%.

Net Interest Income and Fees

Net interest income rose 59% to USD 929.5 million, driven by a 51% increase in average interest-earning assets and a 38 basis point decrease in cost of funds. Net interest margin was 6.14%, up 16 basis points from the prior quarter. Deposits made up 90% of average total liabilities. Fee-based revenue reached about USD 570.6 million, or 42% of total revenue, up 21% from the prior quarter on origination fees, SoFi Tech Solutions, the Loan Platform Business, interchange and brokerage.

Members, Lending and Financial Services

Members rose 35% to 17.1 million, with a record 1.2 million added, and products rose 44% to 26.7 million, with a record 2.2 million added. Products per member reached about 1.56 from 1.47, and 51% of new products were opened by existing members.

Total loan originations reached a record USD 16.9 billion, including about USD 3.8 billion from the Loan Platform Business. Lending adjusted net revenue was about USD 807.4 million, and lending products rose 39% to 3.4 million. Credit performance was described as strong and in line with expectations. Financial Services revenue rose 25% to about USD 525.1 million, with products up 44% to 23.2 million. Credit Card products grew 67% to about 656,000.

Guidance and 2030 Ambitions

For 2026, management now guides to USD 5.04 billion of adjusted net revenue, up 40%, USD 1.66 billion of adjusted EBITDA, USD 840.0 million of net income and USD 0.61 of EPS. It introduced 2027 guidance of about USD 6.4 billion of adjusted net revenue, USD 2.24 billion of adjusted EBITDA, USD 1.28 billion of net income and USD 0.90 of EPS, equal to about 27% adjusted net revenue growth and a net income margin of about 20%.

For 2030, the company targets 100 million products, five businesses above USD 1 billion in revenue, five above USD 500 million and five above USD 100 million.

For the nine months, GAAP net revenue rose 43% to USD 3.704 billion, and net income rose 83% to USD 564.3 million. Diluted EPS was USD 0.41 versus USD 0.25, and adjusted diluted EPS was USD 0.43 versus USD 0.26. Adjusted EBITDA rose 59% to USD 1.168 billion.

Digital Banking Markers to Follow

Tracking points include member and product growth against 17.1 million and 26.7 million, net interest margin relative to 6.14%, and fee-based revenue as a share of the total against 42%. Further items are origination volumes within the Loan Platform Business, credit performance, and delivery against the 2026 and 2027 guidance figures.