TLDR
- SoFi stock rose 12.3% in October after beating Q3 earnings expectations with $0.11 per share versus the estimated $0.08
- The company’s membership base grew 35% year-over-year to reach 12.6 million members in Q3 2025
- Revenue jumped 38% to a record $962 million in the quarter, surpassing Wall Street’s forecast of $904 million
- Management raised full-year earnings guidance from $0.31 to $0.37 per share following the strong quarterly performance
- Loan originations surged 57% to $9.9 billion, driven by mortgages, student loans, and personal loans
SoFi Technologies posted third-quarter results that exceeded Wall Street expectations. The fintech company’s stock climbed 12.3% in October following the earnings announcement.
The company reported adjusted earnings per share of $0.11 for the quarter. Analysts had expected $0.08 per share. Revenue reached a record $962 million, up 38% from the prior year.
Wall Street had projected revenue of $904 million. SoFi beat that estimate by $58 million.
The membership base expanded to 12.6 million in the quarter. That represents a 35% increase year-over-year. More members meant more business across SoFi’s product lineup.
Loan originations hit $9.9 billion in Q3. That’s a 57% jump from the same period last year. The growth came from mortgages, student loans, and personal loans.
Raised Guidance Signals Confidence
Following the strong quarter, management bumped up its full-year earnings forecast. The new guidance stands at $0.37 per share. The previous estimate was $0.31 per share.
Management also raised revenue guidance for the full year. The company now expects between $3.38 billion and $3.54 billion in revenue for 2025.
The earnings improvement shows SoFi’s digital platform is becoming more profitable. Customer acquisition costs remain steady while lifetime value increases. Members engage with multiple products over time.
Adjusted earnings per share grew from $0.05 to $0.11 year-over-year in Q3. That’s a 120% increase in profitability.
New Products Attract Younger Users
SoFi continues to roll out products designed for younger customers. The company recently launched SoFi Pay, an instant global remittance service built on blockchain technology.
Options trading joined the platform’s investing tools. Members also get access to private equity funds and IPO shares. These offerings typically go straight to institutional investors.
The company introduced an ETF focused on agentic AI stocks. The fund invests in 30 companies leading the AI space. SoFi sponsors several other exclusive ETFs as well.
High-interest savings accounts and cash-back credit cards round out the product mix. The one-stop shop approach keeps members engaged across multiple financial services.
Credit metrics showed improvement in the quarter. The annualized charge-off rate for personal and student loans dropped more than 20 basis points year-over-year.
Personal loan net charge-offs reached their lowest level in over two years. Better credit performance makes the company less risky as it scales.
The fintech company has transformed from a student loan refinancer into a full-service financial platform. Members can handle checking and savings accounts, investing, credit cards, and various loan products all in one place.
SoFi’s growth comes as some consumers worry about tariffs and job market conditions. October job openings fell to their lowest level in more than four years. The company’s performance suggests its product mix holds up during uncertain economic times.
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