SoFi Reports Record Q3 2026 Revenue, Raises Future Financial Outlook

SoFi Technologies has reported a record revenue of approximately $1.4 billion for the third quarter of 2026, marking a 44% increase year-over-year. This growth has led the company to raise its financial outlook for both 2026 and 2027, driven by an increase in lending and the adoption of its financial products.

Adjusted EBITDA rose 70% to nearly $470 million, while net income climbed 73% to $241 million. The company also saw its membership exceed 17 million, a 35% increase from the previous year, and total products offered increased by 44%.

CEO Anthony Noto emphasized the company's growth strategy, which focuses on attracting more members, expanding product usage, and increasing revenue per product. SoFi aims to reach 100 million products by 2030 and is working towards building five businesses with over $1 billion in annual revenue each.

In addition to its lending and banking services, SoFi is expanding its crypto business, having launched stablecoin settlement across Mastercard’s global payments network. The company reported gross crypto transaction revenue of $161.6 million for Q3, though it retained only $1.6 million after costs. This highlights the challenges in profitability within its crypto operations, despite a growing user base for its crypto products.

Looking ahead, SoFi expects adjusted net revenue of $5.04 billion and adjusted EBITDA of $1.66 billion for 2026, with projections for 2027 including $6.4 billion in adjusted net revenue and $2.24 billion in adjusted EBITDA.