SoFi Surges on Blowout Earnings and Raised Guidance

Record Quarter Ignites a 15.4% Single-Day Rally

SoFi Technologies surged 15.4% as of 27 October 2026 after the San Francisco-based fintech bank reported third-quarter results that beat analyst expectations on both revenue and profit.

The company posted net revenue of $1.39 billion for the three months to 30 September, up 44% from a year earlier, against analyst expectations of $1.27 billion. Net income climbed 73% to $241 million, or $0.18 in adjusted earnings per share, also ahead of forecasts. Loan originations hit a record $16.9 billion in the quarter, while the company added a record 1.2 million members, bringing its total to 17.1 million.

SoFi raised its full-year 2026 adjusted net revenue guidance to $5.04 billion — representing roughly 40% annual growth — and lifted its adjusted EBITDA forecast to $1.66 billion. It also issued its first 2027 outlook, calling for $6.4 billion in adjusted net revenue, $2.24 billion in adjusted EBITDA, and $0.90 in earnings per share. The company said both outlooks exceed analyst estimates. CEO Anthony Noto opened the earnings call by saying, "These are strong results in any environment, but they're even more remarkable when considering how 2026 has turned out."

Analysis suggests the move reflects a company-specific earnings reaction rather than a broader sector lift. Fintech peers edged only modestly higher on the day, per reporting from 247wallst.com, confirming the gap between SoFi's results and the wider group. The stock had been under sustained pressure — falling roughly 50% from its peak through its closing price on 26 October — coinciding with a short-seller attack and valuation concerns that arose through 2026. The earnings call, according to reports, was used in part to address those critics directly.

A Year of Pressure, One Quarter of Relief

The scale of the rebound reflects how deeply the stock had been discounted. Over the past year, shares fell 44.03% — the steepest of the available historical windows — with the one-year low sitting at $13.84 and the one-year high at $32.67.

2026 has not been an easy year for SoFi, with higher-than-assumed rates complicating its lending economics. The third-quarter results suggest its lending growth has outpaced that drag, with deposits growing $5.8 billion in the quarter alone to reach $51.3 billion. The combination of record originations, a membership milestone, and a guidance raise that extends into 2027 gave the market a concrete reason to reassess the stock's trajectory.

Fed Meeting and Big Tech Earnings Shape the Near-Term Backdrop

The immediate forward calendar is dense. Stocks rose on 27 October ahead of a key Fed meeting and major technology earnings — including Alphabet and Microsoft — scheduled to report on 28 October. Those events could shift the broader risk tone that SoFi's stock now trades within.

The stock's one-month range ran from $13.84 to $16.87. Any shift in rate expectations from the Fed meeting could bear directly on fintech valuations, making the policy outcome the most proximate external test of the 27 October rally.