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SoFi Shares Jump on Q3 Beat and Raised Full-Year Profit Outlook

Rapid membership gains alongside surging loan originations highlighted traction for its one‑stop digital banking strategy.

Overview

  • Adjusted earnings per share reached $0.11, topping the $0.08 consensus estimate.
  • Revenue grew 38% to a record $962 million, exceeding the $904 million expectation.
  • Membership increased 35% to 12.6 million as the platform attracted more users.
  • Loan originations rose 57% to $9.9 billion across mortgages, student loans, and personal loans.
  • Management raised full-year EPS guidance to $0.37 from $0.31, and the stock climbed 12.3% in October.