SoFi reports $1.6 million net crypto revenue in Q3 2026
The financial services company recorded $161.6 million in gross crypto transaction revenue and expanded its crypto products to 503,070 by the end of the quarter.
Key takeaways
- 1SoFi reported $1.6 million in net crypto transaction revenue for Q3 2026.
- 2Gross crypto transaction revenue reached $161.6 million in the quarter.
- 3The company's crypto products grew to 503,070 by September 30, 2026.
- 4Net crypto revenue increased by 38 percent quarter-over-quarter.
- 5Bitcoin accounted for 39 percent of the trading volume on the platform.
SoFi Technologies reported $1.6 million in net crypto transaction revenue for the third quarter of 2026. This figure marks a 38 percent increase from the second quarter, according to CoinGape, which cited the company's official release on October 27, 2026.
The financial services firm’s gross crypto transaction revenue reached $161.6 million in the same period. This revenue is generated from facilitating cryptocurrency purchases and sales, with associated costs for acquiring or transferring digital assets recorded separately. SoFi reported 503,070 crypto products by September 30, 2026.
SoFi re-entered the crypto investing market in the fourth quarter of 2025. It was the first US nationally chartered bank to offer retail crypto trading, Bitcoin Magazine reported. The company earns a fee on each buy and sell order, with the bulk of gross volume flowing through as cost.
Member trading activity increased in September, with 218,469 trades placed, a 14 percent rise from August. Buy trades grew 18 percent to 133,937, while sell trades increased 8 percent to 84,532. Bitcoin led trading volume, accounting for a 39 percent share.
New traders drove much of this activity; 44 percent of September traders made their first-ever trade that month. SoFi's crypto user base skews younger, with 43 percent of members being millennials and a median age of 36.
Beyond trading, SoFi has expanded its crypto infrastructure, including a partnership with Kraken. The company also became the first national bank to facilitate stablecoin settlement across Mastercard’s global payments network. It also introduced SoFi Earn, a tokenised deposit offering interest on digital dollars.
Despite the growth, the crypto segment remains a small part of SoFi’s overall business. Net crypto transaction revenue accounted for approximately 0.12 percent of the company’s total Q3 net revenue, which reached $1.385 billion. SoFi’s overall Q3 adjusted earnings per share of $0.18 beat Wall Street estimates, and its total financial services products grew 44 percent year-over-year to 23.2 million.
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