SoFi Technologies (NASDAQ: SOFI) reported stronger-than-expected third-quarter 2026 earnings on October 27, sending SoFi stock higher in early premarket trading. The digital banking company recorded nearly $1.39 billion in quarterly revenue, added a record 1.2 million members, and raised its full-year financial outlook. SoFi also introduced forecasts for 2027, giving investors a clearer view of its expected revenue and profit growth.
According to SoFi’s official third-quarter 2026 earnings release, the company generated $1.385 billion in reported net revenue, a 44% increase from the same period in 2025. Adjusted net revenue reached approximately $1.371 billion, also rising 44%. Reported net income increased 73% to $241 million, while diluted earnings per share rose to $0.18 from $0.11. The results exceeded analysts’ expectations and reflected growth across several parts of SoFi’s business.
Customer growth was another major highlight of SoFi’s third-quarter results. The company added a record 1.2 million members, bringing its total membership to approximately 17.1 million, up 35% from a year earlier. SoFi also added around 2.2 million financial products during the quarter, raising its total product count to nearly 26.7 million, a 44% annual increase. These figures show that more customers are joining SoFi and opening additional banking, lending, investing, and other financial products.
Lending remained a major driver of SoFi’s growth. Total loan originations reached a record $16.9 billion during the third quarter, rising 71% from a year earlier. Personal loan originations reached $12.6 billion, while student loans contributed $2.9 billion and home loans totaled $1.4 billion. The lending segment generated approximately $807.4 million in adjusted net revenue, representing a 68% annual increase. Stronger lending activity helped support the company’s overall financial performance, although future results will still depend on borrowers’ ability to repay their loans.
Following the strong earnings report, SoFi raised its full-year 2026 financial guidance. The company now expects approximately $5.04 billion in adjusted net revenue, representing annual growth of about 40%, alongside $1.66 billion in adjusted EBITDA and earnings of $0.61 per share. For 2027, SoFi introduced an initial outlook of approximately $6.4 billion in adjusted net revenue, $2.24 billion in adjusted EBITDA, and earnings of $0.90 per share. These projections reflect management’s expectations rather than guaranteed future results. Additional details are available in SoFi’s Q3 2026 investor presentation.
Beyond lending and digital banking, SoFi is also expanding into blockchain-based financial services. On October 22, 2026, the company announced SoFi Earn (SOFIE), an interest-bearing tokenized deposit product issued through SoFi Bank. According to its official SoFi Earn launch announcement, each SOFIE represents $1 held on deposit at the bank. Eligible funds can earn interest and receive FDIC insurance protection within applicable limits. Members can also convert SOFIE into SoFiUSD to purchase cryptocurrencies or transfer funds through supported blockchain services. Unlike a payment stablecoin, SOFIE represents a bank deposit.
Blockchain-based financial services are also attracting attention from other companies and governments. In a separate development, TechBonafide reported on Tether and Kazakhstan’s stablecoin project, which involves exploring a national currency-linked stablecoin and asset tokenization. Unlike SoFi Earn, that initiative was still in the planning stage, showing how financial institutions are taking different approaches to digital assets.
Despite its strong overall results, SoFi continues to face business and financial risks. Revenue from its Technology Platform segment fell 24% year over year to approximately $87.4 million, partly reflecting the departure of a major client that had completed its transition off the platform before the end of 2025. Excluding that client’s impact, the segment recorded 18% annual revenue growth. Investors are also monitoring interest rates, consumer borrowing demand, loan defaults, and the company’s ability to maintain profitability. These factors could affect SoFi’s future earnings and share price.
SoFi stock rose approximately 5% in early premarket trading on October 27, 2026, following the company’s earnings announcement. Shares had closed at $14.46 on October 26, after experiencing significant declines earlier in the year. The initial market reaction suggested renewed investor interest, but premarket prices can change before regular trading begins. Readers can follow subsequent movements through SoFi’s official stock quote and chart. Whether the shares can sustain a recovery will depend on future earnings, financial conditions, and investor expectations.
Earnings announcements have also influenced other financial technology stocks. Earlier in 2026, TechBonafide covered PayPal’s weaker earnings and 2026 guidance, which contributed to investor concerns about its business outlook. The contrasting developments show why investors consider both current financial results and expectations for future performance when evaluating fintech companies.
SoFi’s third-quarter results show strong growth across its digital banking and lending businesses, supported by rising membership and higher revenue. However, the company’s long-term stock performance will depend on more than a single strong quarter. Investors will be watching whether SoFi meets its higher 2026 guidance, delivers its 2027 financial targets, manages lending risks, and improves performance across its Technology Platform business.
