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.
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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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | - |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | - |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | 91.60% |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | - |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | - |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | - |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | - |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | 83.58% |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | 90.90% |
| 10 | FirstCash Holdings | 9.51 Bn | 9.34 Bn | 533.67 Mn | 49.66% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 83.58% |
| Mar 31, 2026 | 84.45% |
| Dec 31, 2025 | 84.23% |
| Sep 30, 2025 | 83.21% |
| Jun 30, 2025 | 82.40% |
| Mar 31, 2025 | 82.44% |
| Dec 31, 2024 | 82.54% |
| Sep 30, 2024 | 82.25% |
| Jun 30, 2024 | 81.67% |
| Mar 31, 2024 | 84.49% |
| Dec 31, 2023 | 83.11% |
| Sep 30, 2023 | 81.71% |
| Jun 30, 2023 | 81.15% |
| Mar 31, 2023 | 82.23% |
| Dec 31, 2022 | 82.35% |
| Sep 30, 2022 | 80.40% |
| Jun 30, 2022 | 78.18% |
| Mar 31, 2022 | 78.68% |
| Dec 31, 2021 | 75.77% |
| Sep 30, 2021 | 74.42% |