SoFi Technologies (SOFI) Operating Expenses (2020 - 2026)

SoFi Technologies (SOFI) recorded quarterly Operating Expenses of $891.9 million in Q1 2026, up 6.9% quarter-over-quarter from $834.3 million in Q4 2025, and up 29.96% on a YoY basis from $686.3 million in Q1 2025.

SoFi Technologies (SOFI) Operating Expenses (2020 - 2026) Analysis & Trends

SoFi Technologies' Operating Expenses history runs 7 years deep, the most recent figure standing at $891.9 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 29.96% year-over-year to $891.9 million; the TTM figure through Mar 2026 stood at $3.3 billion (up 27.83% YoY), while the FY2025 annual figure was $3.1 billion, up 26.86% from the prior year.
  • Operating Expenses was $891.9 million for Q1 2026 at SoFi Technologies, up from $834.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $891.9 million in Q1 2026 to a low of $439.9 million in Q1 2022.
  • Historically, Operating Expenses has averaged $621.5 million across 5 years, with a median of $571.6 million in 2024.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 65.12% in 2022, then retreated 22.0% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $441.3 million in 2022, then advanced by 15.41% to $509.3 million in 2023, then soared by 31.03% to $667.3 million in 2024, then gained by 25.02% to $834.3 million in 2025, then climbed by 6.9% to $891.9 million in 2026.
  • The last three Operating Expenses figures came in at $891.9 million (Q1 2026), $834.3 million (Q4 2025), and $803.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Visa 541.66 Bn 529.25 Bn - 4.00 Bn
2 Mastercard 437.55 Bn 427.34 Bn - 3.49 Bn
3 American Express 212.80 Bn 158.76 Bn 17.43 Bn 13.88 Bn
4 Capital One Financial 112.47 Bn 35.97 Bn - 8.46 Bn
5 PayPal Holdings 37.70 Bn 28.36 Bn 7.84 Bn 6.87 Bn
6 Synchrony Financial 24.26 Bn 3.70 Bn - 1.32 Bn
7 Affirm Holdings 21.24 Bn 19.51 Bn 261.64 Mn 950.34 Mn
8 SoFi Technologies 20.46 Bn 17.06 Bn 929.25 Mn 891.92 Mn
9 Ally Financial 13.30 Bn 12.86 Bn 1.98 Bn 1.24 Bn
10 Credit Acceptance 6.24 Bn 6.21 Bn 562.70 Mn 422.90 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 891.92 Mn
Dec 31, 2025 834.31 Mn
Sep 30, 2025 803.85 Mn
Jun 30, 2025 732.72 Mn
Mar 31, 2025 686.30 Mn
Dec 31, 2024 667.32 Mn
Sep 30, 2024 627.25 Mn
Jun 30, 2024 571.64 Mn
Mar 31, 2024 543.59 Mn
Dec 31, 2023 509.30 Mn
Sep 30, 2023 804.14 Mn
Jun 30, 2023 547.35 Mn
Mar 31, 2023 508.22 Mn
Dec 31, 2022 441.30 Mn
Sep 30, 2022 498.44 Mn
Jun 30, 2022 458.24 Mn
Mar 31, 2022 439.95 Mn
Dec 31, 2021 395.06 Mn
Sep 30, 2021 301.87 Mn
Jun 30, 2021 396.67 Mn