SoFi Technologies (SOFI) Research & Development (2020 - 2026)
SoFi Technologies' Research & Development was $191.28 million in Q2 2026, up 25.7% from $152.15 million a year earlier and up 1.9% from the prior quarter.
Powered by 
Analysis
SoFi Technologies (SOFI) Research & Development (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, SoFi Technologies' Research & Development was $718.93 million through Jun 30, 2026, up 20.4% year-over-year; for FY2025, it came in at $648.33 million, up 17.5% from FY2024.
- Research & Development has now increased for six consecutive years, with a five-year compound annual growth rate of 26.4% (FY2020 to FY2025).
- In earlier years, Research & Development was $551.79 million in FY2024 (+7.9%), $511.42 million in FY2023 (+26.2%), $405.26 million in FY2022 (+46.8%) and $276.09 million in FY2021 (+37.2%).
- The Q2 2026 figure marks the highest quarterly Research & Development in data going back to Q2 2020.
- Compared with a year earlier, Research & Development has increased for 21 straight quarters, with growth averaging 16.5% over the last eight quarters.
- The year-over-year growth in Research & Development has ranged between 4.2% (Q2 2024) and 70.8% (Q4 2022) over the last five years.
- Per Business Quant data, SOFI's Research & Development in the three quarters before Q2 2026 was $187.68 million (Q1 2026), $172.84 million (Q4 2025) and $167.14 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 885.23 Bn | 914.70 Bn | - | - |
| 2 | Banco Santander Chile | 404.41 Bn | 524.35 Bn | - | - |
| 3 | Bank Of America | 381.15 Bn | -1,994.92 Bn | - | - |
| 4 | Hsbc Holdings | 319.39 Bn | 319.44 Bn | - | - |
| 5 | Morgan Stanley | 298.67 Bn | -210.43 Bn | - | - |
| 6 | Royal Bank Of Canada | 268.75 Bn | -557.52 Bn | - | - |
| 7 | Mitsubishi Ufj Financial | 265.72 Bn | -107.91 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 261.04 Bn | -3,296.07 Bn | - | - |
| 9 | Wells Fargo & Company | 253.09 Bn | 255.22 Bn | - | - |
| 10 | SoFi Technologies | 20.39 Bn | 5.68 Bn | 1.02 Bn | 191.28 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 191.28 Mn |
| Mar 31, 2026 | 187.68 Mn |
| Dec 31, 2025 | 172.84 Mn |
| Sep 30, 2025 | 167.14 Mn |
| Jun 30, 2025 | 152.15 Mn |
| Mar 31, 2025 | 156.21 Mn |
| Dec 31, 2024 | 148.99 Mn |
| Sep 30, 2024 | 139.71 Mn |
| Jun 30, 2024 | 132.17 Mn |
| Mar 31, 2024 | 130.92 Mn |
| Dec 31, 2023 | 141.82 Mn |
| Sep 30, 2023 | 125.70 Mn |
| Jun 30, 2023 | 126.85 Mn |
| Mar 31, 2023 | 117.06 Mn |
| Dec 31, 2022 | 113.28 Mn |
| Sep 30, 2022 | 110.70 Mn |
| Jun 30, 2022 | 99.37 Mn |
| Mar 31, 2022 | 81.91 Mn |
| Dec 31, 2021 | 66.32 Mn |
| Sep 30, 2021 | 74.43 Mn |
API Access
SoFi Technologies Research & Development 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=research-and-development&ticker=SOFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=SOFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();