On October 29, 2024, SoFi Technologies reported quarterly earnings, surpassing analyst expectations with earnings per share (EPS) of $0.05 versus the expected $0.04, and revenue of $697 million compared to the anticipated $632 million. The company added 598,000 new members, bringing total membership close to 10 million. CEO Anthony Noto stated that it was the 'strongest quarter' in the company's history. Financial services revenue reached $238 million, exceeding expectations. SoFi also raised its full-year guidance. Despite the strong results, the stock fell by 12% during trading.