SoFi Technologies Q3 adjusted revenue beats on member, product growth

Overview

• US digital finance platform's Q3 adjusted net revenue rose 44%, beating analyst expectations

• Adjusted EPS for Q3 was $0.18, beating analyst expectations

• Company raised full-year 2026 guidance for adjusted net revenue and adjusted EBITDA

Outlook

• SoFi raises 2026 adjusted net revenue outlook to $5.04 bln, adjusted EBITDA to $1.66 bln

• Company introduces 2027 outlook: $6.4 bln adjusted net revenue, $2.24 bln adjusted EBITDA, $0.90 EPS

• SoFi expects to increase total members by at least 30% yr-over-yr in 2026

Result Drivers

• MEMBER AND PRODUCT GROWTH - Co said record additions of members and products drove Q3 revenue and profitability

• LOAN ORIGINATIONS - Record loan originations, especially in personal and student loans, contributed to revenue growth

• FEE-BASED REVENUE - Growth in fee-based revenue from origination fees, interchange, and brokerage fees supported results

Company press release: ID:nBw39yXVfa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 12 "strong buy" or "buy", 12 "hold" and 4 "sell" or "strong sell"

• The average consensus recommendation for the consumer lending peer group is "buy."

• Wall Street's median 12-month price target for SoFi Technologies, Inc. is $19.50, about 34.9% above its October 26 closing price of $14.46

• The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 26 three months ago

Reuters Recommended Reads

• Oct 26 - Five Star Bancorp Q3 profit rises on strong loan growth, wider interest margin

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)