SoFi Technologies (SOFI) Q3 2026 earnings summary

Executive summary

• Q3 adjusted net revenue was $1.371B, up 44% YoY; adjusted EBITDA reached a record $469.8M, up 70%, at a 34% margin.

• Members grew 35% YoY to 17.1M and products rose 44% to 26.7M; quarterly additions were 1.2M members and 2.2M products, with 51% of new products from existing members.

• Rule of 40 score was 79 for a 20th consecutive quarter above 40; adjusted net income marked a 12th consecutive profitable quarter.

Financial highlights

• GAAP net revenue was $1.385B, up 44% YoY; GAAP net income was $241M and diluted EPS was $0.18.

• Adjusted net income was $243M, up 74% YoY, with an 18% margin; adjusted diluted EPS was $0.18, up 64% YoY.

• Fee-based revenue was $570.6M, up 40% YoY and 21% QoQ, equal to 42% of adjusted net revenue; cash revenue was $1.386B.

• Net interest income rose 59% YoY to $929.5M, reflecting 51% growth in average interest-earning assets and a 38 bps decline in cost of funds.

• Tangible book value was $9.7B, up $234.7M QoQ; tangible book value per share was $7.48, up from $5.97 YoY.

Outlook and guidance

• FY2026 adjusted net revenue guidance rose to $5.04B, implying 40% YoY growth; adjusted EBITDA is $1.66B, adjusted net income $840M and adjusted EPS $0.61.

• FY2026 outlook implies a ~33% adjusted EBITDA margin and ~17% adjusted net income margin; full-year tax-rate assumptions cited were 22%.

• Q4 guidance: adjusted net revenue ~$1.375B, adjusted EBITDA $492M, adjusted net income $276M and adjusted EPS $0.19.

• Preliminary FY2027 guidance is $6.4B adjusted net revenue, $2.24B adjusted EBITDA, $1.28B adjusted net income and $0.90 adjusted EPS; implied margins are ~35% and ~20%, respectively, with a 24% tax-rate assumption.

• FY2027 segment growth outlook: Lending 25%, Financial Services 35% and Technology Platform 25%; growth is expected to be funded organically, without additional capital.