SoFi Technologies (SOFI) Interest income - Investments (2020 - 2023)
SoFi Technologies (SOFI) posted quarterly Interest income - Investments of $2.0 million for Q3 2023, down 24.8% year-over-year from $2.6 million in Q3 2022, and down 25.54% quarter-over-quarter from $2.7 million in Q2 2023.
Analysis
SoFi Technologies (SOFI) Interest income - Investments (2020 - 2023) Analysis & Trends
SoFi Technologies (SOFI) has reported Interest income - Investments for 4 consecutive years, with $2.0 million the latest figure, recorded in Q3 2023.
- In Q3 2023, Interest income - Investments fell 24.8% year-over-year to $2.0 million; the TTM figure through Sep 2023 stood at $10.2 million (down 5.91% YoY), while the FY2022 annual figure was $10.4 million, down 26.05% from the prior year.
- Interest income - Investments declined to $2.0 million in Q3 2023 per SOFI's latest filing, from $2.7 million in the prior quarter.
- Across five years, Interest income - Investments topped out at $6.5 million in Q2 2020 and bottomed at $2.0 million in Q3 2023.
- Historically, Interest income - Investments has averaged $3.5 million across 4 years, with a median of $2.9 million in 2021.
- Annual changes were most pronounced in 2021 — Interest income - Investments tumbled 44.5% — and 2023, when it increased 10.73%.
- SoFi Technologies' Interest income - Investments stood at $5.1 million in 2020, then sank by 44.5% to $2.8 million in 2021, then declined by 13.13% to $2.5 million in 2022, then slipped by 20.0% to $2.0 million in 2023.
- Business Quant data shows SOFI's Interest income - Investments at $2.0 million in Q3 2023, $2.7 million in Q2 2023, and $3.1 million in Q1 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 |
| 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 |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn |
| 10 | FirstCash Holdings | 9.51 Bn | 9.34 Bn | 533.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2023 | 1.98 Mn |
| Jun 30, 2023 | 2.66 Mn |
| Mar 31, 2023 | 3.05 Mn |
| Dec 31, 2022 | 2.48 Mn |
| Sep 30, 2022 | 2.63 Mn |
| Jun 30, 2022 | 2.57 Mn |
| Mar 31, 2022 | 2.76 Mn |
| Dec 31, 2021 | 2.85 Mn |
| Sep 30, 2021 | 3.00 Mn |
| Jun 30, 2021 | 3.79 Mn |
| Mar 31, 2021 | 4.47 Mn |
| Dec 31, 2020 | 5.13 Mn |
| Sep 30, 2020 | 5.34 Mn |
| Jun 30, 2020 | 6.50 Mn |