SoFi Technologies (SOFI) Deferred Taxes (2020 - 2026)
SoFi Technologies (SOFI) posted quarterly Deferred Taxes of $28.9 million for Q1 2026, up 228.6% year-over-year from $8.8 million in Q1 2025, and up 378.66% quarter-over-quarter from -$10.4 million in Q4 2025.
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SoFi Technologies (SOFI) Deferred Taxes (2020 - 2026) Analysis & Trends
SoFi Technologies (SOFI) has reported Deferred Taxes for 7 consecutive years, with $28.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Deferred Taxes rose 228.6% year-over-year to $28.9 million; the TTM figure through Mar 2026 stood at $36.3 million (up 113.09% YoY), while the FY2025 annual figure was $16.2 million, up 105.64% from the prior year.
- Deferred Taxes rose to $28.9 million in Q1 2026 per SOFI's latest filing, from -$10.4 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $28.9 million in Q1 2026 and bottomed at -$284.0 million in Q4 2024.
- Historically, Deferred Taxes has averaged -$15.4 million across 5 years, with a median of -$887000.0 in 2023.
- Annual changes were most pronounced in 2022 — Deferred Taxes plunged 16378.57% — and 2025, when it soared 4098.3%.
- SoFi Technologies' Deferred Taxes stood at $922000.0 in 2022, then plunged by 1129.83% to -$9.5 million in 2023, then tumbled by 2890.87% to -$284.0 million in 2024, then surged by 96.35% to -$10.4 million in 2025, then soared by 378.66% to $28.9 million in 2026.
- Business Quant data shows SOFI's Deferred Taxes at $28.9 million in Q1 2026, -$10.4 million in Q4 2025, and $7.4 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | -656.00 Mn |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | -83.00 Mn |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | -74.00 Mn |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | 67.00 Mn |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | 115.00 Mn |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | - |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | 6.00 Mn |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | 33.73 Mn |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | -23.00 Mn |
| 10 | FirstCash Holdings | 9.51 Bn | 9.34 Bn | 533.67 Mn | 748,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.73 Mn |
| Mar 31, 2026 | 28.90 Mn |
| Dec 31, 2025 | -10.37 Mn |
| Sep 30, 2025 | 7.39 Mn |
| Jun 30, 2025 | 10.38 Mn |
| Mar 31, 2025 | 8.79 Mn |
| Dec 31, 2024 | -283.98 Mn |
| Sep 30, 2024 | 176,000.00 |
| Jun 30, 2024 | -2.14 Mn |
| Mar 31, 2024 | -967,000.00 |
| Dec 31, 2023 | -9.50 Mn |
| Sep 30, 2023 | -887,000.00 |
| Jun 30, 2023 | -5.51 Mn |
| Mar 31, 2023 | 68,000.00 |
| Dec 31, 2022 | 922,000.00 |
| Sep 30, 2022 | -2.10 Mn |
| Jun 30, 2022 | -2.28 Mn |
| Mar 31, 2022 | -40,000.00 |
| Dec 31, 2021 | 505,000.00 |
| Sep 30, 2021 | 62,000.00 |