SoFi Technologies SOFI
NASDAQ SOFI
$16.96 +0.23 (+1.37%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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