SoFi Technologies shares closed up 13.42% after the company beat Q3 revenue and earnings estimates and raised full-year guidance. Net revenue rose 44%, and management lifted its 2026 revenue outlook to $5.04 billion.
SoFi Technologies closed at $16.40, up 13.42%, after it beat Q3 revenue and earnings estimates and raised full-year guidance. Investors had been watching the earnings call for credit trends, loan demand, deposits, and 2027 guidance.
Trading volume reached 158.8M shares, about 209% above the three-month average of 51.4M shares.
Q3 results show growth across key metrics
SoFi's net revenue rose 44% in the quarter, and adjusted EPS jumped 64%. Total members increased 35%, while total financial products climbed 44%.
Products per member inched up to 1.56 from 1.47 a year earlier.
Management lifts 2026 outlook
Management raised 2026 revenue guidance from $4.9 billion at the midpoint to $5.04 billion. It also set an adjusted earnings per share target of $0.90.
According to CEO Anthony Noto: "We see a clear path to achieving 100 million products by the end of 2030"
Broader market gains
The S&P 500 rose 0.60% to 7,723, and the Nasdaq Composite gained 1.18% to 26,478. In fintech, Upstart Holdings closed at $23.71, up 3.09%.
SoFi now trades at 18 times its forward EPS guidance.
Source: Motley Fool
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