SoFi Technologies (SOFI) Tax Provisions (2020 - 2026)
SoFi Technologies (SOFI) posted Tax Provisions of $47.7 million for Q2 2026, up 45.39% on a QoQ basis from $32.8 million in Q1 2026, and up 219.63% year-over-year from $14.9 million in Q2 2025.
Analysis
SoFi Technologies (SOFI) Tax Provisions (2020 - 2026) Analysis & Trends
SoFi Technologies has reported Tax Provisions for 7 years, with the latest figure at $47.7 million in Q2 2026.
- On a quarterly basis, Tax Provisions rose 219.63% year-over-year to $47.7 million in Q2 2026; TTM through Jun 2026 was $101.5 million, a 141.28% increase from a year earlier, with the FY2025 full-year figure at $44.5 million, up 116.79% from the prior year.
- Tax Provisions was $47.7 million for Q2 2026 at SoFi Technologies, up from $32.8 million in the prior quarter.
- The five-year high for Tax Provisions was $47.7 million in Q2 2026, with the low at -$272.5 million in Q4 2024.
- Average Tax Provisions over 5 years is -$7.7 million, with a median of $2.1 million recorded in 2022.
- The largest YoY upside for Tax Provisions was 1374.59% in 2024 against a maximum downside of 8499.04% in 2024.
- Over 5 years, Tax Provisions stood at $1.1 million in 2022, then jumped by 207.0% to $3.2 million in 2023, then tumbled by 8499.04% to -$272.5 million in 2024, then soared by 104.32% to $11.8 million in 2025, then surged by 304.96% to $47.7 million in 2026.
- The last three Tax Provisions figures came in at $47.7 million (Q2 2026), $32.8 million (Q1 2026), and $11.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 405.01 Bn | -183.49 Bn | 30.39 Bn | 2.49 Bn |
| 2 | Morgan Stanley | 318.33 Bn | 158.20 Bn | - | 1.70 Bn |
| 3 | Royal Bank Of Canada | 284.62 Bn | 57.78 Bn | - | 1.24 Bn |
| 4 | Goldman Sachs | 274.43 Bn | -701.92 Bn | - | 1.94 Bn |
| 5 | Mitsubishi Ufj Financial | 274.26 Bn | -110.06 Bn | 10.89 Bn | 1.70 Bn |
| 6 | Wells Fargo & Company | 260.84 Bn | 59.01 Bn | - | 1.40 Bn |
| 7 | American Express | 210.32 Bn | 161.00 Bn | 17.99 Bn | 961.00 Mn |
| 8 | Banco Santander | 210.20 Bn | 217.82 Bn | 28.01 Bn | - |
| 9 | Toronto Dominion Bank | 206.68 Bn | 45.35 Bn | - | 883.59 Mn |
| 10 | SoFi Technologies | 21.88 Bn | 18.76 Bn | 1.02 Bn | 47.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.72 Mn |
| Mar 31, 2026 | 32.82 Mn |
| Dec 31, 2025 | 11.78 Mn |
| Sep 30, 2025 | 9.16 Mn |
| Jun 30, 2025 | 14.93 Mn |
| Mar 31, 2025 | 8.67 Mn |
| Dec 31, 2024 | -272.55 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 |