SoFi Technologies (SOFI) Gross Margin (2020 - 2026)
SoFi Technologies (SOFI) posted quarterly Gross Margin of 32.14% for Q1 2026, down 3560.0% year-over-year from 0.93% in Q1 2025, and down 133.87% quarter-over-quarter from 94.89% in Q4 2025.
SoFi Technologies (SOFI) Gross Margin (2020 - 2026) Analysis & Trends
SoFi Technologies (SOFI) has reported Gross Margin for 7 consecutive years, with 32.14% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 3560.0% year-over-year to 32.14%; the TTM figure through Mar 2026 stood at 85.03% (up 3445.0% YoY), while the FY2025 annual figure was 83.15%, up 7490.0% from the prior year.
- Gross Margin declined to 32.14% in Q1 2026 per SOFI's latest filing, from 94.89% in the prior quarter.
- Across five years, Gross Margin topped out at 94.89% in Q4 2025 and bottomed at 32.14% in Q1 2026.
- Historically, Gross Margin has averaged 25.18% across 5 years, with a median of 12.12% in 2023.
- Annual changes were most pronounced in 2025 — Gross Margin soared 8947 bps — and 2026, when it sank 3560 bps.
- SoFi Technologies' Gross Margin stood at 19.1% in 2022, then sank by 44 bps to 10.65% in 2023, then tumbled by 49 bps to 5.43% in 2024, then surged by 1649 bps to 94.89% in 2025, then tumbled by 134 bps to 32.14% in 2026.
- Business Quant data shows SOFI's Gross Margin at 32.14% in Q1 2026, 94.89% in Q4 2025, and 2.95% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | - |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | - |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 91.60% |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | - |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | - |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | - |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | - |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | -32.14% |
| 10 | Ally Financial | 13.61 Bn | 5.77 Bn | 2.08 Bn | 90.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -32.14% |
| Dec 31, 2025 | 94.89% |
| Sep 30, 2025 | -2.95% |
| Jun 30, 2025 | 82.40% |
| Mar 31, 2025 | 3.46% |
| Dec 31, 2024 | 5.43% |
| Sep 30, 2024 | 5.72% |
| Jun 30, 2024 | 81.67% |
| Mar 31, 2024 | 13.45% |
| Dec 31, 2023 | 10.65% |
| Sep 30, 2023 | 6.37% |
| Jun 30, 2023 | 81.15% |
| Mar 31, 2023 | 12.12% |
| Dec 31, 2022 | 19.10% |
| Sep 30, 2022 | 18.55% |
| Jun 30, 2022 | 19.64% |
| Mar 31, 2022 | 8.55% |
| Dec 31, 2021 | 2.34% |
| Sep 30, 2021 | -13.73% |
| Jun 30, 2021 | 1.35% |