SoFi Record revenue, but growth still depends on the lending business
Reports say SoFi Revenue hit a record, but its growth engine still mainly comes from the lending business.
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Reports say SoFi Revenue hit a record, but its growth engine still mainly comes from the lending business.
PANews, citing The Block, reported that SoFi disclosed Q3 crypto products 503000, with total crypto trading revenue of 161600000 USD, up 20%. Following the earnings release, its shares rose nearly 15%。
SoFi Third-quarter net revenue and net income increased year-on-year by 44% and 73%, respectively; the company raised its 2026 performance guidance and issued its 2027 outlook.
SoFi is using SoFiUSD to settle debit- and credit-card transactions on the Mastercard network and plans to migrate its entire bank-card program, with expected annualized processing volume above 25 billion USD.