SoFi Technologies, Inc. (SOFI Quick QuoteSOFI - Free Report) , a digital financial services company, is slated to release third-quarter 2026 results on Oct. 27, before market open. SOFI did not issue specific third-quarter guidance. Instead, after reporting second-quarter results, management raised its full-year adjusted net revenue outlook to $4.75-$4.85 billion, implying 32%-35% annual growth. It maintained expectations for approximately $1.6 billion in adjusted EBITDA and adjusted earnings of 60 cents per share for 2026.

The Zacks Consensus Estimate for the to-be-reported quarter’s adjusted earnings per share (EPS) and revenues is pegged at 17 cents and $1.26 billion, respectively. While the consensus mark for third-quarter 2026 adjusted EPS has remained unrevised over the past 60 days, it suggests 54.55% growth year over year. The Zacks Consensus Estimate for quarterly revenues implies a notable year-over-year increase of 32.36%. 

Image Source: Zacks Investment Research

For the current year, the Zacks Consensus Estimate for SoFi Technologies’ revenues is pegged at $4.87 billion, indicating a rise of 35.47% year over year. The consensus mark for 2026 adjusted EPS stands at 60 cents, calling for an expansion of around 53.85% on a year-over-year basis.  

Over the trailing four quarters, the company’s EPS surpassed the Zacks Consensus Estimate on three occasions and met once, the average beat being 9.91%. This is depicted in the graph below:

SoFi Technologies, Inc. Price and EPS Surprise

SoFi Technologies, Inc. price-eps-surprise | SoFi Technologies, Inc. Quote

Here Is What Our Quantitative Model Predicts for SOFI

Our proven model predicts an earnings beat for SOFI this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.

SOFI has an Earnings ESP of +2.42% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

SoFi’s Q3 Earnings Likely to Test Its Growth Momentum

SoFi Technologies heads into its third-quarter 2026 earnings report with investors watching whether strong customer activity translated into higher profits. We expect continued momentum across business lines to have offered an encouraging starting point for the quarter.

Customer engagement should have supported performance. SoFi exited June with 15.8 million members and 24.4 million products, while existing customers accounted for 51% of new product additions. Continued adoption of SoFi Plus, Money and Invest is likely to have supported financial-services revenues and transaction fees.

Lending is expected to have remained a major driver. Following record second-quarter originations of $14.8 billion, SoFi is expected to have benefited from demand for personal, student and home loans. Higher loan balances and deposits are likely to have supported net interest income, although funding costs, credit quality and changes in loan valuations warrant attention.

Fee income should have offered another growth scope. The loan platform business generated $143 million in second-quarter revenues, and new small-business and home-equity arrangements are likely to have added activity in the third quarter. Investors will also watch whether the Technology Platform continued monetizing clients and whether expanding loan volumes pressured operating or credit-related costs.

Investment products and payments may have provided support. SoFi introduced private-market funds in August, partnered with Payward and launched Mastercard stablecoin settlement in September. Given their timing, material third-quarter contributions are uncertain. More important will be whether cross-selling, brokerage activity and operating efficiency helped SoFi sustain revenue growth and protect profitability.

SOFI’s Price Performance & Valuation

Shares of SoFi have plunged 44.2% so far in the year. The Zacks Financial - Miscellaneous Services industry has declined 14.8%, while the S&P 500 composite has risen 10.6% over the same time frame. SoFi’s peers like Affirm Holdings, Inc. (AFRM Quick QuoteAFRM - Free Report) and Upstart Holdings, Inc. (UPST Quick QuoteUPST - Free Report) have experienced different trends, with Affirm Holdings just falling 5.8%, while Upstart has registered a 45.6% decline.

Year-to-Date Price Performance

Image Source: Zacks Investment Research

Valuation-wise, SoFi trades at a forward price-to-earnings of 18.8X, ahead of its industry’s average of 14.23X but well below its one-year median of 26.05X. SOFI stock is also currently trading at a reasonable discount compared with Affirm Holdings but at a premium to Upstart. Affirm Holdings is trading at a forward 12-month price-to-earnings of 31.49X, while Upstart is trading at 7.79X.

However, the Value Score of F suggests that SoFi may not be a bargain at current levels. 

Forward 12 Month Price-to-Earnings Ratio

Image Source: Zacks Investment Research

How to Play SoFi Technologies Stock Ahead of Q3 Earnings?

SoFi's growing membership, wider product adoption and diversified revenue streams provide a favorable backdrop for its third-quarter results. Strong lending demand and deposits could support net interest income, while the loan platform business and financial services activities offer opportunities for additional fees. Management's higher full-year revenue outlook adds confidence, although unchanged profitability targets suggest that investments and expenses may absorb some gains. 

Meanwhile, expanding personal loan exposure makes credit performance especially important, and new digital-asset initiatives may need more time to contribute meaningfully. After a strong second quarter, expectations are already demanding, increasing the risk of disappointment if revenues or margins fall short. Given these competing factors, maintaining existing positions appears prudent at current levels until quarterly results offer clearer evidence of durable, profitable growth.