SoFi Technologies (SOFI) Mortgage Banking (2020 - 2023)
SoFi Technologies (SOFI) posted quarterly Mortgage Banking of -$6.3 million for Q3 2023, up 28.2% year-over-year from -$4.9 million in Q3 2022, and up 51.18% quarter-over-quarter from -$12.9 million in Q2 2023.
SoFi Technologies (SOFI) Mortgage Banking (2020 - 2023) Analysis & Trends
SoFi Technologies (SOFI) has reported Mortgage Banking for 4 consecutive years, with -$6.3 million the latest figure, recorded in Q3 2023.
- In Q3 2023, Mortgage Banking rose 28.2% year-over-year to -$6.3 million; the TTM figure through Sep 2023 stood at -$30.6 million (up 23.53% YoY), while the FY2022 annual figure was -$40.0 million, down 169.35% from the prior year.
- Mortgage Banking grew to -$6.3 million in Q3 2023 per SOFI's latest filing, from -$12.9 million in the prior quarter.
- Across five years, Mortgage Banking topped out at $12.8 million in Q3 2020 and bottomed at -$12.9 million in Q2 2023.
- Historically, Mortgage Banking has averaged -$4.6 million across 4 years, with a median of -$6.8 million in 2020.
- Annual changes were most pronounced in 2022 — Mortgage Banking sank 45042.31% — and 2023, when it jumped 71.84%.
- SoFi Technologies' Mortgage Banking stood at -$7.2 million in 2020, then declined by 13.8% to -$8.2 million in 2021, then climbed by 0.1% to -$8.2 million in 2022, then advanced by 23.58% to -$6.3 million in 2023.
- Business Quant data shows SOFI's Mortgage Banking at -$6.3 million in Q3 2023, -$12.9 million in Q2 2023, and -$3.2 million in Q1 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 |
| 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 |
| 10 | Ally Financial | 13.61 Bn | 5.77 Bn | 2.08 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | -6.30 Mn |
| Jun 30, 2023 | -12.90 Mn |
| Mar 31, 2023 | -3.18 Mn |
| Dec 31, 2022 | -8.24 Mn |
| Sep 30, 2022 | -8.77 Mn |
| Jun 30, 2022 | -11.74 Mn |
| Mar 31, 2022 | -11.28 Mn |
| Dec 31, 2021 | -8.25 Mn |
| Sep 30, 2021 | -4.55 Mn |
| Jun 30, 2021 | -26,000.00 |
| Mar 31, 2021 | -2.04 Mn |
| Dec 31, 2020 | -7.25 Mn |
| Sep 30, 2020 | 12.75 Mn |
| Jun 30, 2020 | 7.35 Mn |