SoFi Technologies has raised its full-year 2025 profit forecast after delivering record third-quarter results, powered by a sharp increase in fee-based revenues. The U.S. fintech firm now expects adjusted earnings per share of about 37 cents, up from its previous projection of 31 cents and ahead of Wall Street’s estimate of 32 cents, according to LSEG data. Following the announcement, SoFi’s shares rose 3.8% in premarket trading as investors cheered the company’s strong performance and optimistic outlook.
Once a student-loan refinancing startup, SoFi has evolved into a diversified financial powerhouse offering credit cards, savings accounts, IPO investing, and more. The company’s expansion to a valuation of roughly $36 billion reflects its success in capturing a younger, tech-driven audience increasingly disenchanted with traditional banking models. Its third-quarter adjusted revenue jumped 38% year-on-year to a record $950 million, surpassing analyst expectations of $886.6 million. Adjusted profit more than doubled to 11 cents per share, compared with market forecasts of 8 cents.
The company’s financial services arm posted an impressive 76% surge in revenue to $419.6 million, buoyed by sustained consumer demand for digital lending and investment products amid a period of broader economic uncertainty. CEO Anthony Noto said SoFi’s loan portfolio remained “in great shape,” with credit performance described as “excellent” and net charge-offs improving. Total loan originations climbed 57% from a year earlier to $9.9 billion, driven by robust demand across personal, student, and home loans.
Looking ahead, SoFi plans to deepen its presence in emerging financial sectors, including cryptocurrency. Noto revealed that the firm is preparing to launch crypto trading later this year, with its “SoFi USD stablecoin” expected in the first half of 2026. As fintech lenders continue to challenge traditional banks through digital innovation and customer-centric offerings, SoFi’s strong quarterly results and confident guidance signal its growing clout as a leader in the U.S. financial technology landscape