SoFi Technologies delivered record GAAP net revenue of $1.39 billion for the third quarter of 2026, exceeding analyst expectations and growing 44% year-over-year. The performance was characterized by record loan originations and continued momentum in the Financial Services segment, which now accounts for 87% of total products. Management raised its full-year 2026 adjusted net revenue guidance to $5.04 billion and introduced a 2027 outlook of $6.4 billion in adjusted net revenue with $0.90 EPS.
Key Highlights
- Record total loan originations reached $16.9 billion, a 71% increase year-over-year, driven by strong demand for personal and student loans.
- Member growth surged 35% to 17.1 million, with 1.2 million new members added during the quarter.
- Financial Services segment revenue grew 25% to $525.1 million, while annualized revenue per product in this segment improved to $90.
- Tangible book value per share increased 25% year-over-year to $7.48, reflecting the company's 12th consecutive profitable quarter.
- Personal loan credit performance remained stable with an estimated all-in annualized net charge-off rate of 3.4%, an 80 basis point improvement from the prior year period.