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SoFi Technologies Q3 adjusted revenue beats on member, product growth

By Reuters News


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:


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.)

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