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SoFi posts strong Q3 with record customer growth and 50% earnings rise forecast for 2027

Company Fundamentals
02 Nov 2026, 05:32 WIB
Seeking Alpha
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Bullish
SoFi posts strong Q3 with record customer growth and 50% earnings rise forecast for 2027

SoFi Technologies reported strong Q3 results driven by record customer acquisition and growth in financial services and lending. The company projects adjusted net revenues of $6.4 billion and earnings per share of $0.90 for fiscal year 2027, indicating nearly 50% year-over-year earnings growth. Financial services remain the main growth driver, with a 15% increase in contribution margin. Despite a high forward price-to-earnings ratio of 18.8, analysts see potential for a 33% share price increase supported by accelerating customer and profitability momentum.

SoFi Technologies trades at USD 16.95 on Pluang as of Nov 02, 2026 10:21 WIB, down 1.11% in one day. The stock's market cap stands at $21.73 billion with a 52-week range between $14.22 and $32.21. Despite recent price pressure, SoFi remains a significant player in the financial sector with a typical hold time of 62 days on the platform.

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