SoFi Stock Jumps 9% on Record $1.4 Billion Quarter

SoFi Technologies stock jumped about 9% in premarket trading on Tuesday, October 27, 2026, after the fintech reported a record $1.4 billion in adjusted net revenue for the third quarter, beat Wall Street estimates on revenue and profit, and raised its full-year forecast well above what analysts expected. Membership climbed 35% to a record 17.1 million, and the company introduced a 2027 outlook calling for about $6.4 billion in revenue — numbers that turned a routine earnings morning into one of the day's biggest market stories.

What happened

SoFi reported third-quarter results for the period ended September 30, 2026, before the market opened on Tuesday. Adjusted net revenue surged 44% to a record $1.4 billion, beating LSEG expectations of $1.25 billion, according to Reuters. Adjusted profit came in at 18 cents per share, topping estimates of 16 cents. The company's own release, carried by Business Wire, put net income at $241 million, adjusted net income at $243 million, and adjusted EBITDA at a record $470 million, up 70%.

The growth was not just in dollars. Members rose 35% to a record 17.1 million, and total products rose 44% to a record 26.7 million — SoFi added customers at scale while those customers took more products inside its app.

Key facts at a glance

• Stock move: Shares climbed about 9% in premarket trading on Tuesday after the results, Reuters reported, and premarket mover lists showed SoFi among the day's top large-cap gainers.
• Revenue: Adjusted net revenue of $1.4 billion, up 44%, versus $1.25 billion expected.
• Profit: Adjusted earnings of $0.18 per share versus $0.16 expected; net income of $241 million.
• Members and products: 17.1 million members, up 35%, and 26.7 million products, up 44% — both records.
• Full-year guidance: Raised to $5.04 billion in adjusted net revenue, well above Street expectations of $4.87 billion, with $1.66 billion in adjusted EBITDA.
• 2027 outlook: About $6.4 billion in adjusted net revenue, $2.24 billion in adjusted EBITDA and $0.90 in earnings per share, implying roughly 27% revenue growth.

Why it's blowing up

First, the beat was broad: revenue, profit, EBITDA, members and products all set records in the same quarter. Second, management raised the full-year view to $5.04 billion, already above consensus, and added a specific 2027 outlook — giving investors a longer runway than one strong quarter alone.

Third, the timing matters. SoFi reported as markets focused on earnings and the Federal Reserve's two-day meeting, with the Fed widely expected to hold rates steady on Wednesday. A consumer-finance name showing resilient credit demand stood out in that environment. Reuters noted resilient customers have kept credit demand steady despite higher borrowing and living costs.

Chief executive Anthony Noto framed it directly in the company's statement: “We had exceptional Q3 results against the backdrop of any environment, but they are even more remarkable given how 2026 has unfolded.” That quote spread quickly because it matched the numbers — growth accelerated even as borrowing costs stayed high.

Why SoFi's model is getting attention

SoFi started as a lender and has built toward a member-centric, everything app for digital financial services. If a member joins for one product, the company can offer the next inside the same app at lower cost than acquiring a new customer. Products growing faster than members, 44% versus 35%, is exactly the pattern that model is supposed to produce.

That is also why bank comparisons keep coming up. Digital-first fintech firms have been challenging established banks by expanding product ranges and using apps to retain customers, Reuters noted. With a market capitalization of about $18.7 billion before Tuesday's move, SoFi is now a large, closely watched test of whether that model can keep compounding.

What's next

The next checks are concrete: whether member growth stays at or above the 30% pace SoFi said it continues to expect, whether the $5.04 billion full-year target is met in the fourth quarter, and whether the 2027 outlook holds up against rate decisions and credit conditions. A premarket jump can fade — the value of Tuesday's report is the guidance and member data behind it, not the opening move alone.

For the broader market, the report also sets a tone for earnings week: if a lender exposed directly to household budgets can raise guidance, investors will ask harder questions of finance names that do not.

Sources

Reuters — SoFi's shares jump after fintech beats estimates, raises revenue forecast
Business Wire via Morningstar — SoFi Reports Third Quarter 2026 with Record Net Revenue of $1.4 Billion

FAQ

Why did SoFi stock jump on October 27, 2026?

SoFi beat Wall Street estimates for the third quarter, reported record revenue, members and products, and raised its full-year revenue forecast to $5.04 billion, above the $4.87 billion analysts expected.

How much revenue did SoFi make in Q3 2026?

Adjusted net revenue was a record $1.4 billion, up 44% year over year, with net income of $241 million and adjusted earnings of $0.18 per share.

How many members does SoFi have now?

SoFi said membership climbed 35% to a record 17.1 million in the third quarter, with total products up 44% to a record 26.7 million.

What did SoFi forecast for 2027?

The company introduced a 2027 outlook of about $6.4 billion in adjusted net revenue, $2.24 billion in adjusted EBITDA and $0.90 in earnings per share.