SoFi Technologies (SOFI) Operating Expenses (2020 - 2026)
SoFi Technologies' Operating Expenses was $1 billion in Q2 2026, up 36.6% from $732.72 million a year earlier and up 12.2% from the prior quarter.
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Analysis
SoFi Technologies (SOFI) Operating Expenses (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, SoFi Technologies' Operating Expenses was $3.53 billion through Jun 30, 2026, up 30.1% year-over-year; for FY2025, it was $3.06 billion, up 26.9% from FY2024.
- Operating Expenses has now increased for six consecutive years, with a five-year compound annual growth rate of 27.9% (FY2020 to FY2025).
- In earlier years, Operating Expenses was $2.41 billion in FY2024 (+1.7%), $2.37 billion in FY2023 (+28.9%), $1.84 billion in FY2022 (+25.4%) and $1.47 billion in FY2021 (+64.0%).
- The Q2 2026 figure marks the highest quarterly Operating Expenses in data going back to Q2 2020.
- Compared with a year earlier, Operating Expenses has increased for seven straight quarters, with growth averaging 22.9% over the last eight quarters.
- The best year-over-year quarter for Operating Expenses over five years was Q3 2022 (growth of 65.1%); the worst was Q3 2024 (a decline of 22.0%).
- Per Business Quant data, SOFI's Operating Expenses in the three quarters before Q2 2026 was $891.92 million (Q1 2026), $834.31 million (Q4 2025) and $803.85 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 885.23 Bn | 914.70 Bn | - | 27.32 Bn |
| 2 | Banco Santander Chile | 404.41 Bn | 524.35 Bn | - | -3,218.32 Bn |
| 3 | Bank Of America | 381.15 Bn | -1,994.92 Bn | - | 18.63 Bn |
| 4 | Hsbc Holdings | 319.39 Bn | 319.44 Bn | - | - |
| 5 | Morgan Stanley | 298.67 Bn | -210.43 Bn | - | 13.90 Bn |
| 6 | Royal Bank Of Canada | 268.75 Bn | -557.52 Bn | - | 7.02 Bn |
| 7 | Mitsubishi Ufj Financial | 265.72 Bn | -107.91 Bn | 10.89 Bn | 17.50 Bn |
| 8 | Goldman Sachs | 261.04 Bn | -3,296.07 Bn | - | 11.67 Bn |
| 9 | Wells Fargo & Company | 253.09 Bn | 255.22 Bn | - | 13.66 Bn |
| 10 | SoFi Technologies | 20.39 Bn | 5.68 Bn | 1.02 Bn | 1.00 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.00 Bn |
| 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 |
API Access
SoFi Technologies Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=SOFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "SOFI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=SOFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();