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
DateValue
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