SoFi raises 2026 outlook after revenue climbs 44% to record $1.4 billion

SoFi Technologies raised its full-year and introduced its 2027 financial outlook after reporting record third-quarter 2026 results, driven by lending growth and increased adoption of its financial products, the company said Tuesday.

Adjusted net revenue rose 44% year-over-year to approximately $1.4 billion, adjusted EBITDA increased 70% to nearly $470 million, and net income climbed 73% to $241 million, according to the report.

Growth in profitability was accompanied by further expansion in the company’s customer base and product offerings. Adjusted net income totaled $243 million, or $0.18 per diluted share. Membership exceeded 17 million, up 35% year-over-year, while total products increased 44%.

SoFi shares rallied 9% in premarket trading Tuesday following the earnings report.

CEO Anthony Noto said SoFi’s growth strategy centers on attracting more members, expanding product usage and increasing revenue per product.

“We had exceptional Q3 results against the backdrop of any environment, but they are even more remarkable given how 2026 has unfolded. Our focus is simple. We are adding more members, who are using more products, and generating more revenue per product to create the most value for our shareholders over the long run,” Noto stated.

The company now has eight businesses generating more than $100 million in annualized revenue each and aims to reach 100 million products by 2030. Its longer-term plan includes building five businesses with more than $1 billion in annual revenue apiece, alongside additional businesses generating more than $500 million and $100 million annually.

SoFi is growing its crypto business while building out stablecoin payment infrastructure and tokenized deposit services.

The company became the first national bank to launch stablecoin settlement across Mastercard’s global payments network using SoFiUSD. It also connected its business banking and exchange network services to Kraken parent Payward and launched SoFi Earn, a tokenized deposit product offering a 4.40% APY and FDIC insurance.

SoFi now expects adjusted net revenue of $5.04 billion and adjusted EBITDA of $1.66 billion in 2026, with net income of $840 million and adjusted earnings per share of $0.61.

For 2027, the company forecasts adjusted net revenue of $6.4 billion, adjusted EBITDA of $2.24 billion, net income of $1.28 billion and adjusted earnings per share of $0.90.