SoFi expects $1.28 billion in adjusted net income in 2027 and will fund its plan internally
Key Facts
SoFi expects adjusted net income of $1.28 billion in 2027, with a margin of about 20%, according to its third-quarter earnings release filed with the U.S. Securities and Exchange Commission. On the earnings call on October 27, the CEO said the growth plan for that year is funded by organic capital generation and does not require raising additional capital. The company is also targeting adjusted revenue of $6.4 billion, up about 27% year over year. Adjusted earnings before interest, taxes, depreciation and amortization are expected to reach $2.24 billion, equivalent to a margin of about 35%. The outlook points to earnings growing faster than revenue, with the plan relying on the internal funding cited by management.
The 2027 targets follow SoFi's increase to its 2026 outlook for adjusted revenue of $5.04 billion, up 40% year over year. The company also expects net income of $840 million and adjusted earnings per share of $0.61 that year. This trajectory puts estimated 2027 revenue growth below the revenue growth expected in 2026. The revised 2026 guidance provides a benchmark for assessing the new targets, while nothing in the announced outlook establishes that the funding plan will cover all of the company's operations.
The long-term targets followed a strong operating quarter, with adjusted revenue in the third quarter of 2026 rising 44% to a record $1.371 billion. Adjusted EBITDA increased 70% to a record $469.8 million, while adjusted net income was $243 million. The company said loan originations totaled $16.9 billion, up 71% year over year. They included a record $12.6 billion in personal loans, up 69%, and $2.9 billion in student loans, up 96%. The company attributed total originations to demand from members and capital markets partners.
SoFi's member base grew 35% year over year to 17.1 million in the third quarter of 2026, after the company added 1.2 million members during the quarter. The number of products increased 44% to 26.7 million, with 2.2 million products added; 51% of the new products came from existing members. These figures show broader customer use of the company's products alongside growth in its member base. For 2026, management said it still expects total members to increase by at least 30% year over year. Product growth among existing customers is part of the expansion picture the company presents alongside new member acquisition.
In financial services, revenue rose 25% to $525.1 million in the third quarter, and net interest income increased 38% to $281.3 million. The company said growth in net interest income was driven mainly by higher consumer deposits. Total deposits were $51.3 billion at quarter-end, after increasing by $5.8 billion during the period. Deposits provide a source of funding directly linked to the revenue engine the company highlighted in its results. The CFO also explained on the October 27 call that the plan relies on existing excess capital capacity and internal capital generation.
The CFO estimated Tier 1 and Tier 2 capital at about $9.6 billion, saying it equates to risk-weighted asset capacity of about $71 billion, assuming a 13.5% risk-based capital ratio. The estimate provides a numerical basis for management's explanation of how the plan's growth can be funded without raising additional capital. SoFi's 2027 plan thus combines continued revenue and earnings growth with the use of available capital and organic generation, according to management's comments. The third-quarter figures for member, product, deposit and loan growth provide operating context for the future targets. Those targets remain the company's outlook for 2027, while its nearer-term guidance calls for member growth of at least 30% in 2026.