SoFi Technologies Raises 2026 Guidance and Issues Strong 2027 Earnings Forecast
SoFi Technologies (SOFI) reported strong third-quarter results, featuring a 44% year-over-year increase in adjusted net revenue to $1.37 billion and an adjusted EPS of $0.18, both exceeding analyst expectations. The company achieved record member growth with 1.2 million new additions during the quarter and saw loan originations surge by 71%. Additionally, credit quality showed improvement as the annualized charge-off rate for personal loans dropped to 2.26% from 2.60% a year prior. Looking ahead, SoFi provided its first full-year forecast for 2027, projecting adjusted net revenue of approximately $6.4 billion and an adjusted EPS of $0.90. This implies significant margin expansion, with earnings expected to grow by roughly 48% compared to the previous year. While the company remains sensitive to economic shifts due to its heavy concentration in consumer lending, its growing high-margin fee-based revenue stream provides a path toward increased profitability.
Tickers: $SOFI
Topics: earnings beat fintech guidance raise loan originations revenue growth
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