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SoFi beats Q3 earnings estimates with strong lending growth and raises 2027 forecast

Company Fundamentals
27 Oct 2026, 14:06 WIB
Market Watch
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Bullish
SoFi beats Q3 earnings estimates with strong lending growth and raises 2027 forecast

SoFi Technologies reported better-than-expected earnings for the third quarter, driven by significant growth in its lending business. The company added a record 1.2 million new members and 2.2 million new products, increases of 35% and 44% year-over-year respectively. CEO described the quarter as "remarkable" given the challenges faced in 2026. SoFi also provided an optimistic early forecast for 2027, exceeding analyst expectations and impressing Wall Street with its outlook.

SoFi Technologies shares rose by 6.26% on Pluang as of Oct 27, 2026, 18:21 WIB, reflecting strong investor interest following the earnings beat. The stock price reached USD 15.37 with a market cap of $18.68 billion. Trading volume was active at over 42 million shares, indicating robust market participation.

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