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

SoFi Technologies (SOFI) posted quarterly Operating Expenses of $891.9 million for Q1 2026, up 29.96% year-over-year from $686.3 million in Q1 2025, and up 6.9% quarter-over-quarter from $834.3 million in Q4 2025.

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

SoFi Technologies (SOFI) has reported Operating Expenses for 7 consecutive years, with $891.9 million the latest figure, recorded in 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 advanced to $891.9 million in Q1 2026 per SOFI's latest filing, from $834.3 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $891.9 million in Q1 2026 and bottomed at $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.
  • Annual changes were most pronounced in 2022 — Operating Expenses jumped 65.12% — and 2024, when it fell 22.0%.
  • SoFi Technologies' Operating Expenses stood at $441.3 million in 2022, then gained by 15.41% to $509.3 million in 2023, then surged by 31.03% to $667.3 million in 2024, then rose by 25.02% to $834.3 million in 2025, then advanced by 6.9% to $891.9 million in 2026.
  • Business Quant data shows SOFI's Operating Expenses at $891.9 million in Q1 2026, $834.3 million in Q4 2025, and $803.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Visa 618.21 Bn 605.85 Bn - 4.76 Bn
2 Mastercard 506.53 Bn 493.04 Bn - 3.69 Bn
3 American Express 232.32 Bn 183.00 Bn 17.99 Bn 14.48 Bn
4 Capital One Financial 136.19 Bn 81.48 Bn - 9.04 Bn
5 PayPal Holdings 52.34 Bn 41.08 Bn - 7.26 Bn
6 Eason Technology 35.89 Bn 35.89 Bn - -
7 Synchrony Financial 26.09 Bn 9.90 Bn - 1.33 Bn
8 Affirm Holdings 25.93 Bn 24.20 Bn - 950.34 Mn
9 SoFi Technologies 23.04 Bn 22.68 Bn -41.62 Mn 891.92 Mn
10 Ally Financial 13.61 Bn 5.77 Bn 2.08 Bn 1.32 Bn

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