SoFi Technologies Q3 adjusted revenue beats on member, product growth
Reuters2026/10/27 11:15
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
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q3 Revenue |
|
$1.39 bln |
|
Q3 Adjusted Revenue |
Beat |
$1.37 bln |
$1.25 bln (20 Analysts) |
Q3 Adjusted EPS |
Beat |
$0.18 |
$0.16 (23 Analysts) |
Q3 EPS |
|
$0.18 |
|
Q3 Net Income |
|
$240.99 mln |
|
Q3 Net Interest Income |
|
$929.50 mln |
|
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
Oct 26 - Trading platform Plus500 Q3 revenue rises on customer growth
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI drives "light" merger and acquisition: Marvell Technology (MRVL.US) seeks to acquire Lumentum (LITE.US), potentially entering the top ten largest tech deals in history
Marvell is in talks to acquire optical device maker Lumentum, which currently has a market value of 8.3 billion dollars. The transaction may be announced next week.
Australian Dollar holds above 0.7050 as hot CPI boosts RBA hike bets
Commodity cost headwinds increase to 2.5 billions USD, Ford Motor (F.US) sees core profit edge up 4% against the trend in Q3 and raises its annual guidance lower limit
Ford's Q3 adjusted EPS exceeded expectations by 20%, and the company raised the lower end of its full-year profit guidance to $10.5 billion; however, revenue slightly missed expectations, causing shares to fall nearly 2% after hours.
Crypto prices
More
