SoFi Technologies (SOFI) Operating Expenses (2020 - 2026)
SoFi Technologies (SOFI) recorded quarterly Operating Expenses of $891.9 million in Q1 2026, up 6.9% quarter-over-quarter from $834.3 million in Q4 2025, and up 29.96% on a YoY basis from $686.3 million in Q1 2025.
SoFi Technologies (SOFI) Operating Expenses (2020 - 2026) Analysis & Trends
SoFi Technologies' Operating Expenses history runs 7 years deep, the most recent figure standing at $891.9 million for 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 was $891.9 million for Q1 2026 at SoFi Technologies, up from $834.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $891.9 million in Q1 2026 to a low of $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.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 65.12% in 2022, then retreated 22.0% in 2024.
- A 5-year view of Operating Expenses shows it stood at $441.3 million in 2022, then advanced by 15.41% to $509.3 million in 2023, then soared by 31.03% to $667.3 million in 2024, then gained by 25.02% to $834.3 million in 2025, then climbed by 6.9% to $891.9 million in 2026.
- The last three Operating Expenses figures came in at $891.9 million (Q1 2026), $834.3 million (Q4 2025), and $803.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 541.66 Bn | 529.25 Bn | - | 4.00 Bn |
| 2 | Mastercard | 437.55 Bn | 427.34 Bn | - | 3.49 Bn |
| 3 | American Express | 212.80 Bn | 158.76 Bn | 17.43 Bn | 13.88 Bn |
| 4 | Capital One Financial | 112.47 Bn | 35.97 Bn | - | 8.46 Bn |
| 5 | PayPal Holdings | 37.70 Bn | 28.36 Bn | 7.84 Bn | 6.87 Bn |
| 6 | Synchrony Financial | 24.26 Bn | 3.70 Bn | - | 1.32 Bn |
| 7 | Affirm Holdings | 21.24 Bn | 19.51 Bn | 261.64 Mn | 950.34 Mn |
| 8 | SoFi Technologies | 20.46 Bn | 17.06 Bn | 929.25 Mn | 891.92 Mn |
| 9 | Ally Financial | 13.30 Bn | 12.86 Bn | 1.98 Bn | 1.24 Bn |
| 10 | Credit Acceptance | 6.24 Bn | 6.21 Bn | 562.70 Mn | 422.90 Mn |
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 |