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| Date | Value |
|---|---|
| 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 |