SoFi Technologies (SOFI) Tax Provisions (2020 - 2026)
SoFi Technologies (SOFI) recorded quarterly Tax Provisions of $32.8 million in Q1 2026, up 179.42% quarter-over-quarter from $11.7 million in Q4 2025, and up 278.73% on a YoY basis from $8.7 million in Q1 2025.
SoFi Technologies (SOFI) Tax Provisions (2020 - 2026) Analysis & Trends
SoFi Technologies' Tax Provisions history runs 7 years deep, the most recent figure standing at $32.8 million for Q1 2026.
- In Q1 2026, Tax Provisions rose 278.73% year-over-year to $32.8 million; the TTM figure through Mar 2026 stood at $68.7 million (up 126.12% YoY), while the FY2025 annual figure was $44.5 million, up 116.77% from the prior year.
- Tax Provisions was $32.8 million for Q1 2026 at SoFi Technologies, up from $11.7 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $32.8 million in Q1 2026 to a low of -$272.5 million in Q4 2024.
- Historically, Tax Provisions has averaged -$11.0 million across 5 years, with a median of $1.1 million in 2022.
- Biggest YoY gain for Tax Provisions was 1374.59% in 2024; the steepest drop was 8498.43% in 2024.
- A 5-year view of Tax Provisions shows it stood at $1.1 million in 2022, then soared by 207.0% to $3.2 million in 2023, then sank by 8498.43% to -$272.5 million in 2024, then jumped by 104.31% to $11.7 million in 2025, then jumped by 179.42% to $32.8 million in 2026.
- The last three Tax Provisions figures came in at $32.8 million (Q1 2026), $11.7 million (Q4 2025), and $9.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 548.22 Bn | 535.81 Bn | - | 1.15 Bn |
| 2 | Mastercard | 437.48 Bn | 427.27 Bn | - | 930.00 Mn |
| 3 | American Express | 231.87 Bn | 177.83 Bn | 17.43 Bn | 807.00 Mn |
| 4 | Capital One Financial | 125.74 Bn | 49.24 Bn | - | 518.00 Mn |
| 5 | PayPal Holdings | 38.80 Bn | 29.46 Bn | 7.84 Bn | 280.00 Mn |
| 6 | Synchrony Financial | 25.78 Bn | 5.22 Bn | - | 242.00 Mn |
| 7 | Affirm Holdings | 24.65 Bn | 22.93 Bn | 261.64 Mn | 4.50 Mn |
| 8 | SoFi Technologies | 22.89 Bn | 19.49 Bn | 929.25 Mn | 32.82 Mn |
| 9 | Ally Financial | 14.15 Bn | 13.70 Bn | 1.98 Bn | 81.00 Mn |
| 10 | Credit Acceptance | 6.63 Bn | 6.61 Bn | 562.70 Mn | 35.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 32.82 Mn |
| Dec 31, 2025 | 11.75 Mn |
| Sep 30, 2025 | 9.16 Mn |
| Jun 30, 2025 | 14.93 Mn |
| Mar 31, 2025 | 8.67 Mn |
| Dec 31, 2024 | -272.53 Mn |
| Sep 30, 2024 | 3.11 Mn |
| Jun 30, 2024 | -2.06 Mn |
| Mar 31, 2024 | 6.18 Mn |
| Dec 31, 2023 | 3.25 Mn |
| Sep 30, 2023 | -244,000.00 |
| Jun 30, 2023 | -1.78 Mn |
| Mar 31, 2023 | -1.64 Mn |
| Dec 31, 2022 | 1.06 Mn |
| Sep 30, 2022 | -242,000.00 |
| Jun 30, 2022 | 119,000.00 |
| Mar 31, 2022 | 752,000.00 |
| Dec 31, 2021 | 1.56 Mn |
| Sep 30, 2021 | 181,000.00 |
| Jun 30, 2021 | -78,000.00 |