SoFi Technologies shares rose 14.59% to $16.56 following the release of its third-quarter 2026 financial results. The company reported adjusted earnings per share of $0.18, surpassing the consensus estimate of $0.17. Total revenue for the quarter reached $1.37 billion, exceeding expectations and showing growth from $949.63 million in the same period last year.
The company's crypto division reached 503,070 products by the end of the quarter. Net crypto transaction revenue was $1.6 million, representing 0.1% of total net revenue. Gross crypto transaction revenue for the quarter was $161.6 million against costs of $160.0 million. For the first nine months of 2026, net crypto revenue totaled $3.7 million on $417.5 million in gross revenue.
Trading activity increased in September, with members executing 218,469 trades, up 14% from August. Buy trades grew by 18% to 133,937, while sell trades rose by 8% to 84,532. Bitcoin accounted for 39% of the trading volume. The company noted that 44% of September traders were making their first-ever trade, and 43% of its crypto members are millennials with a median age of 36.
SoFi raised its full-year guidance following these results. Analysts currently project earnings of $0.60 per share on $4.87 billion in revenue for the full year. The company, which currently holds a market capitalization of $21.5 billion, has also become the first national bank to implement stablecoin settlement across the Mastercard global payments network.
