SoFi Technologies (SOFI) Operating Expenses (2020 - 2026)
SoFi Technologies (SOFI) posted Operating Expenses of $1.0 billion for Q2 2026, up 12.19% on a QoQ basis from $891.9 million in Q1 2026, and up 36.56% year-over-year from $732.7 million in Q2 2025.
Analysis
SoFi Technologies (SOFI) Operating Expenses (2020 - 2026) Analysis & Trends
SoFi Technologies has reported Operating Expenses for 7 years, with the latest figure at $1.0 billion in Q2 2026.
- On a quarterly basis, Operating Expenses rose 36.56% year-over-year to $1.0 billion in Q2 2026; TTM through Jun 2026 was $3.5 billion, a 30.11% increase from a year earlier, with the FY2025 full-year figure at $3.1 billion, up 26.86% from the prior year.
- Operating Expenses was $1.0 billion for Q2 2026 at SoFi Technologies, up from $891.9 million in the prior quarter.
- The five-year high for Operating Expenses was $1.0 billion in Q2 2026, with the low at $439.9 million in Q1 2022.
- Average Operating Expenses over 5 years is $642.6 million, with a median of $599.4 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 65.12% in 2022, then decreased 22.0% in 2024.
- Over 5 years, Operating Expenses stood at $441.3 million in 2022, then climbed by 15.41% to $509.3 million in 2023, then jumped by 31.03% to $667.3 million in 2024, then advanced by 25.02% to $834.3 million in 2025, then grew by 19.93% to $1.0 billion in 2026.
- The last three Operating Expenses figures came in at $1.0 billion (Q2 2026), $891.9 million (Q1 2026), and $834.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 405.01 Bn | -183.49 Bn | 30.39 Bn | 18.63 Bn |
| 2 | Morgan Stanley | 318.33 Bn | 158.20 Bn | - | 13.90 Bn |
| 3 | Royal Bank Of Canada | 284.62 Bn | 57.78 Bn | - | 7.02 Bn |
| 4 | Goldman Sachs | 274.43 Bn | -701.92 Bn | - | 11.67 Bn |
| 5 | Mitsubishi Ufj Financial | 274.26 Bn | -110.06 Bn | 10.89 Bn | 17.50 Bn |
| 6 | Wells Fargo & Company | 260.84 Bn | 59.01 Bn | - | 13.66 Bn |
| 7 | American Express | 210.32 Bn | 161.00 Bn | 17.99 Bn | 14.48 Bn |
| 8 | Banco Santander | 210.20 Bn | 217.82 Bn | 28.01 Bn | -7.44 Bn |
| 9 | Toronto Dominion Bank | 206.68 Bn | 45.35 Bn | - | 6.08 Bn |
| 10 | SoFi Technologies | 21.88 Bn | 18.76 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 |