# SoFi Raises Annual Outlook After Quarterly Revenue Reaches $1.4 Billion

The October 27 release reports 17.1 million members and $241 million in net income.

By Will Langan | 24X7 News
Published: 2026-10-27T13:02:30.934Z
Updated: 2026-10-27T13:02:30.934Z
Section: Money
Format: News
Canonical: https://24x7news.us/articles/sofi-third-quarter-2026-results-outlook

SoFi Technologies raised its annual forecast on October 27 after reporting third-quarter revenue of approximately $1.4 billion, up 44% from a year earlier.

Net income under generally accepted accounting principles totaled $241 million, or 18 cents per diluted share. Adjusted earnings before interest, taxes, depreciation and amortization reached $469.8 million, a supplemental measure that excludes specified costs.

The financial-services company added approximately 1.2 million members during the quarter, bringing its total to 17.1 million. Membership grew 35% from a year earlier, while reported products increased 44% to approximately 26.7 million.

Loan originations totaled $16.9 billion, including approximately $3.8 billion originated through its platform business for third parties.

Growth varied across operations. Financial Services revenue increased 25% to $525.1 million, while Technology Platform revenue declined 24% to $87.4 million, including the effect of a major client’s earlier departure.

Management now forecasts approximately $5.04 billion in annual adjusted revenue and $840 million in net income. Those figures remain projections rather than completed results.

Sources:
SoFi, October 27 quarterly results: https://investors.sofi.com/news/news-details/2026/SoFi-Reports-Third-Quarter-2026-with-Record-Net-Revenue-of-1-4-Billion-Net-Income-of-241-Million-and-Raises-Full-Year-Guidance/default.aspx

## Sources
- SoFi: October 27 financial results: https://investors.sofi.com/news/news-details/2026/SoFi-Reports-Third-Quarter-2026-with-Record-Net-Revenue-of-1-4-Billion-Net-Income-of-241-Million-and-Raises-Full-Year-Guidance/default.aspx