Why Is SOFI TECHNOLOGIES IN (SOFI) Stock Up Today?

SOFI Technologies shares surged 15.04% to close at $16.64 on Tuesday. The sharp rally followed the release of third-quarter 2026 financial results, which featured record revenue growth and a significant increase in full-year guidance.

What Happened

The company reported third-quarter revenue of $1.4 billion, a 44% year-over-year increase that exceeded the $1.25 billion consensus estimate. Adjusted earnings per share came in at $0.18, up 64% from the prior year and above the $0.16 estimate. Management raised its full-year 2026 adjusted EPS guidance from $0.60 to $0.61, surpassing the $0.59 consensus. Sales guidance for the year was also lifted to $5.04 billion from a previous range of $4.75 billion to $4.85 billion.

SoFi also provided a 2027 revenue outlook of $6.4 billion, which was above Wall Street expectations. The company highlighted a membership base that has surpassed 17 million customers. Deposit-funded lending and cross-selling initiatives were cited as key drivers for future profitability.

What The Data Shows

Trading volume reached 89.7 million shares, which is 1.5 times the three-month daily average. The stock opened at $14.40 and hit a session high of $16.65 at 11:25 AM ET. Over the last 8 sessions prior to this move, the stock had been relatively flat, moving down 0.3% from $14.50 to $14.46.

The company’s market capitalization stands at $18.9 billion with a P/E ratio of 30.5. Trailing twelve-month revenue growth is 40.9% and the net margin is 14.9%. The stock has a beta of 2.33 and trades within a 52-week range of $13.86 to $32.73. On October 27, 2026, the stock printed one fresh 52-week low. Recent insider activity includes four sales totaling $853,000 over the last 90 days, with no buys recorded.

What To Watch

Investors will monitor the company’s ability to sustain its deposit growth and cross-selling momentum as it executes its raised guidance. The stock’s high beta suggests continued volatility relative to the broader market.