- SoFi reported a new Q3 net revenue record of $1.39 billion, up 44% year over year, with net income of $241 million which caused SOFI stock to rise around 15%.
- The firm also revealed a new metric with 503,000 crypto products. SoFi said it increased its crypto gross transaction revenue to $161.6 million, an increase of 20% sequentially.
- However, after accounting for the costs of operating a crypto platform in FDIC-insured accounts, net crypto revenue came in at $1.6 million.
- SoFi Invest brokerage products rose to 4.18 million, an increase of 37% YoY, and SoFi raised its full year revenue guidance.
SoFi Technologies announced record net revenues of $1.39 billion, up 44% year over year, with net income of $241 million in its Q3 2026, sending the stock up around 15% on the day.
📣 Thanks to our members and clients, we’ve reported strong Q3 results. More members are choosing SoFi and they are using more products than ever before.
In Q3, we delivered:
👉 $1.4B in adjusted net revenue, up 44%
👉 $470M in adjusted EBITDA, up 70%
👉 1.2M new members, bringing us to 17.1M
👉 2.2M new products, bringing us to 26.7MOur momentum is broad-based and our conviction in the future is stronger than ever. We raised our 2026 guidance and introduced a 2027 outlook.
Full Q3 results: https://t.co/lW58XmfrAP
— SoFi (@SoFi) October 27, 2026
As part of its first ever standalone disclosure on crypto products, the company said it had 503,000 crypto products held in member accounts. SoFi also updated its full year revenue guidance upwards, while saying that it had seen sustained momentum across its financial services platform.
Crypto Revenue & Brokerage Growth
SoFi reported gross crypto transaction revenue of $161.6 million for the quarter, up 20% quarter over quarter. However, net crypto revenue after platform costs was $1.6 million, reflecting the operational expenses associated with running a regulated crypto offering embedded within FDIC-insured banking accounts.
THE BLOCK: SoFi reported $161.6 million in gross crypto transaction revenue in the third quarter, up 20% from the previous quarter, following its return to crypto trading in late 2025.
However, net crypto transaction revenue totaled just $1.6 million after accounting for associated costs.
— The Block (@TheBlockCo) October 27, 2026
SoFi Invest brokerage products reached 4.18 million, up 37% year over year. CEO Anthony Noto said the company’s strategy is focused on adding members, encouraging those members to use more products, and generating more revenue per product over time.
SoFi Crypto Expansion Since November 2025
SoFi Crypto was relaunched in November 2025 after a pause of around two years due to regulatory uncertainty. It provides SoFi members the ability to purchase and store dozens of crypto tokens using the same FDIC insured accounts used for their banking and investment products.
Source: sofi.com
Since launch, SoFi has also expanded to offer stable coins, tokenised deposit facilities and cryptocurrency infrastructure services to financial institutions. Despite the strong quarter, SOFI stock is still around 40% off it’s year-to-date high meaning investors are still considering whether the business model will be profitable in the long-term.
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