SoFi Technologies prepares for Q3 earnings report

SoFi Technologies is scheduled to release its third-quarter earnings on October 27. Investors are closely monitoring the report as the company’s share price has declined 41% in 2026, despite reporting strong operational growth.

In the second quarter, SoFi reached a record 15.8 million members, a 35% year-over-year increase. The company’s strategy of cross-selling products is showing results, with total products reaching 24.4 million. Notably, 51% of new products were acquired by existing members, up from 43% in the previous quarter.

Analysts are focusing on whether the company can meet its ambitious 2026 profit targets. To reach an adjusted EBITDA of $1.6 billion, SoFi’s incremental margin must reach between 52% and 62% in the second half of the year. While rising deposit costs present a risk, the company’s bank charter, obtained in 2022, has allowed it to fund loans directly and improve operating margins.