SoFi raises 2026 outlook and guides to $0.90 adjusted EPS for 2027

SoFi Technologies set out its first outlook for 2027 on 27 October 2026, alongside a higher 2026 guide, in its third-quarter results release. For 2027, management expects adjusted net revenue of about $6.4bn, which the company says would be growth of about 27%, adjusted EBITDA of about $2.24bn, adjusted net income of about $1.28bn and adjusted EPS of about $0.90. SoFi puts next year's adjusted EBITDA margin at about 35% and its adjusted net income margin at about 20%. The company gives no GAAP equivalents for these targets: it says it cannot predict some GAAP components with reasonable certainty, so the forward-looking non-GAAP figures are not reconciled.

The 2026 adjusted net revenue guide of about $5.04bn sits about $190m above the top of the range SoFi issued on 29 July 2026, by Polstob's calculation, and the company says it implies growth of about 40% year on year. Adjusted EBITDA is now seen at about $1.66bn, a margin of about 33%, against about $1.6bn in July. The new release says management "continues to expect" adjusted net income of about $840m, a margin of about 17%, and adjusted EPS of about $0.61, according to the October release; the July release had put those figures at about $825m and about $0.60. SoFi still expects total members to grow by at least 30% in 2026.

In the third quarter of 2026, GAAP total net revenue and adjusted net revenue (non-GAAP) both rose 44% from a year earlier, to $1.385bn from $961.6m and to $1.371bn from $949.6m respectively; the company described both as records. GAAP net income was $241.0m, or $0.18 per diluted share, against $139.4m, or $0.11, in the third quarter of 2025. Adjusted net income (non-GAAP) was $243.0m, also $0.18 per diluted share. Adjusted EBITDA (non-GAAP) climbed 70% to $469.8m from $276.9m a year earlier, a margin of 34%. Net interest income reached $929.5m, up 59% year on year.

Lending, the biggest segment by revenue, grew GAAP net revenue 66% year on year to $821.3m and adjusted net revenue (non-GAAP) 68% to $807.4m. Total loan originations rose 71% to $16.9bn, which SoFi called a record; personal loans made up $12.6bn, including $3.6bn originated for third parties through its Loan Platform Business. Financial Services segment net revenue grew 25% year on year to $525.1m. Technology Platform segment revenue fell 24% year on year to $87.4m; SoFi says a large client fully left the platform before 31 December 2025 and that, without that effect, the segment grew 18%. Year on year, members rose 35% to 17.1m and products 44% to 26.7m; total deposits grew $5.8bn in the quarter to $51.3bn.