SoFi Technologies (SOFI) Non Operating Interest Expenses (2020 - 2024)
SoFi Technologies (SOFI) posted Non Operating Interest Expenses of $263.2 million for Q1 2024, up 2.97% on a QoQ basis from $255.6 million in Q4 2023, and up 94.16% year-over-year from $135.6 million in Q2 2023.
Analysis
SoFi Technologies (SOFI) Non Operating Interest Expenses (2020 - 2024) Analysis & Trends
SoFi Technologies has reported Non Operating Interest Expenses for 5 years, with the latest figure at $263.2 million in Q1 2024.
- On a quarterly basis, Non Operating Interest Expenses rose 94.16% year-over-year to $263.2 million in Q1 2024; TTM through Mar 2024 was $917.0 million, a 204.29% increase from a year earlier, with the FY2023 full-year figure at $789.3 million, up 317.03% from the prior year.
- Non Operating Interest Expenses was $263.2 million for Q1 2024 at SoFi Technologies, up from $255.6 million in the prior quarter.
- The five-year high for Non Operating Interest Expenses was $263.2 million in Q1 2024, with the low at $18.2 million in Q4 2021.
- Average Non Operating Interest Expenses over 5 years is $92.5 million, with a median of $41.8 million recorded in 2020.
- The sharpest annual moves came in 2021 and 2023: Non Operating Interest Expenses plunged 65.81% in 2021, then surged 567.85% in 2023.
- Over 5 years, Non Operating Interest Expenses stood at $53.2 million in 2020, then slumped by 65.81% to $18.2 million in 2021, then soared by 442.81% to $98.8 million in 2022, then jumped by 158.64% to $255.6 million in 2023, then increased by 2.97% to $263.2 million in 2024.
- The last three Non Operating Interest Expenses figures came in at $263.2 million (Q1 2024), $255.6 million (Q4 2023), and $219.3 million (Q3 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 405.01 Bn | -183.49 Bn | 30.39 Bn | - |
| 2 | Morgan Stanley | 318.33 Bn | 158.20 Bn | - | - |
| 3 | Royal Bank Of Canada | 284.62 Bn | 57.78 Bn | - | 12.80 Bn |
| 4 | Goldman Sachs | 274.43 Bn | -701.92 Bn | - | - |
| 5 | Mitsubishi Ufj Financial | 274.26 Bn | -110.06 Bn | 10.89 Bn | 1.49 Bn |
| 6 | Wells Fargo & Company | 260.84 Bn | 59.01 Bn | - | - |
| 7 | American Express | 210.32 Bn | 161.00 Bn | 17.99 Bn | - |
| 8 | Banco Santander | 210.20 Bn | 217.82 Bn | 28.01 Bn | -34.43 Bn |
| 9 | Toronto Dominion Bank | 206.68 Bn | 45.35 Bn | - | 3.04 Bn |
| 10 | SoFi Technologies | 21.88 Bn | 18.76 Bn | 1.02 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 263.19 Mn |
| Dec 31, 2023 | 255.60 Mn |
| Sep 30, 2023 | 219.31 Mn |
| Jun 30, 2023 | 178.87 Mn |
| Mar 31, 2023 | 135.55 Mn |
| Dec 31, 2022 | 98.82 Mn |
| Sep 30, 2022 | 40.19 Mn |
| Jun 30, 2022 | 26.78 Mn |
| Mar 31, 2022 | 23.48 Mn |
| Dec 31, 2021 | 18.21 Mn |
| Sep 30, 2021 | 21.23 Mn |
| Jun 30, 2021 | 28.10 Mn |
| Mar 31, 2021 | 35.25 Mn |
| Dec 31, 2020 | 53.25 Mn |
| Sep 30, 2020 | 38.91 Mn |
| Jun 30, 2020 | 43.32 Mn |