SoFi books $162 million of crypto trading revenue in the third quarter, but keeps just $1.6 million of it after costs

SoFi's third-quarter results show how much customer crypto trading it is now handling, and how little of that it keeps. The company reported $161.6 million of crypto transaction revenue for the three months to September 30, and 503,070 crypto products at quarter end. The release gave no count for a year earlier. The release says SoFi returned to crypto investing with the launch of SoFi Crypto in the fourth quarter of 2025.

The cost line is the catch. Cost of crypto transaction revenue was $160.0 million, so net crypto transaction revenue came to $1.6 million for the quarter and $3.7 million for the nine months. In other words, crypto added to the headline revenue figure far more than to profit.

The wider business grew fast. Total net revenue rose 44% to about $1.39 billion, net income rose 73% to about $241 million, and SoFi ended the quarter with about 17.1 million members, up 35%. It raised its 2026 adjusted net revenue outlook to about $5.04 billion and gave a first 2027 outlook of about $6.4 billion.

The release contained no stablecoin or blockchain announcements.