Steven Fiorillo
Seeking Alpha Analyst, Basis Point Podcast Co-Host
SoFi's record Q3 member gains expand its cross-selling opportunity as deposits cut funding costs and fees diversify income. It added 1.2 million members; existing members opened 51% of new products. Adjusted revenue rose 44% and EBITDA rose 70%; deposits reached $51.3 billion, with estimated annualized funding savings of $745 million. Management's initial 2027 outlook calls for $0.90 in adjusted EPS, or 48% growth over updated 2026 guidance, but it still needs to be delivered. x.comÂ
SoFiUSD is underestimated by much of the investment community and is the cherry on top of SoFi's financial-services platform. SoFi should be valued on earnings growth: CEO Anthony Noto applied a 1.1 PEG to 40% forward growth for a 44x multiple. On FY27 P/E over FY26-28 EPS growth, SoFi's PEG is below JPMorgan, Citi, Bank of America, Wells Fargo and Truist; the Robinhood comparison shows how the market prices expected earnings growth, not that the businesses are alike. x.com x.com x.comÂ
SoFi's member and revenue growth now comes with rising profitability, strengthening its growth case. Q3 revenue grew 44% year over year to $1.39 billion, members rose 35% to 17.1 million, and adjusted EBITDA grew nearly 70%. Revenue and EPS beat estimates, and full-year adjusted net revenue guidance rose to about $5.04 billion. x.comÂ
SoFi's swelling deposit base and lending book are lifting net interest income as its one-stop app adds members, products and profits. Grade A: Q3 FY26 net revenue rose 44% to $1,385.1 million, net interest income 59% to $929.5 million, and net income 73% to $241 million. It is firmly past the question of whether it can turn a profit. x.comÂ
SoFi's egregious dilution means business growth may fail to benefit existing shareholders. Its share count rose 61% over five years, reducing an original 1% stake to about 0.6%; even 61% earnings growth could leave earnings per share flat. As a bank, SoFi is already practically uninvestable by these standards, though dilution need not destroy value if the capital raised creates more value than the ownership surrendered. x.comÂ
SoFi's Q3 growth and raised outlook deepen the gap between its business and pressured shares. Adjusted revenue rose 44% to $1.4B, EBITDA 70% to $470M and members 35% to 17.1M; 2026 guidance rose to $5.04B, with a new 2027 outlook of $6.4B and $0.90 EPS. By far one of the strongest reports amid poor sentiment, this makes SoFi one of the best long-term opportunities. SoFi says eight businesses each generate over $100M annualized and targets 100M products by 2030. x.com x.com x.com x.comÂ
SoFi's fee growth and improving credit support its Q3 triple beat. Revenue was $1.39B vs $1.26B expected, EPS 18 cents vs 17, membership 17.1M, and guidance rose. Interchange fees grew 77% year on year, brokerage fees 47%; personal-loan net charge-offs fell to 2.26%. The guide assumes two more rate hikes this year; one looks plausible, not two, leaving upside. For 2027, it assumes four hikes and a couple more percentage points of tax. x.com x.com x.com x.comÂ
Robinhood's higher revenue and EPS make it clearly stronger than SoFi on these earnings. SoFi's post-earnings rally is unlikely to hold; its shares are headed for single digits. x.com x.comÂ
SoFi's newly reported growth widens the gap between its operating results and a selloff driven by interest-rate fears. Revenue grew 45%, EPS 67% and members 35%, while the stock had fallen nearly 50%; the business is seen as able to succeed across rate environments. x.comÂ
SoFi's low-cost deposits and expanding financial ecosystem could drive faster earnings than revenue growth in 2027, potentially making it the best growth stock to own that year. Q3 adjusted revenue rose 44% to $1.37B; management estimates $51.3B in deposits save $745M annually against warehouse funding. Management guides to $6.4B in 2027 adjusted revenue and $0.90 EPS versus $0.61 EPS for 2026. Revaluation hinges on execution and credit discipline amid slowing growth and Tech Platform weakness. … Show more
SoFi's revenue growth does not justify overlooking its earnings record and valuation relative to American Express. SoFi trades at 34x earnings despite GAAP EPS of $0.47 TTM, versus American Express at 19x with $16.48 TTM EPS and a long record of EPS growth. SoFi faces competition while American Express has a moat. x.com x.com x.comÂ
SoFi's accelerating products per member bodes well for its long-term growth. The attached series rises from about 1.45 in March 2024 to 1.56 in September 2026, with a sharper climb in 2026. x.comÂ
