SoFi Technologies (SOFI) Tax Provisions (2020 - 2026)

SoFi Technologies (SOFI) posted quarterly Tax Provisions of $32.8 million for Q1 2026, up 278.73% year-over-year from $8.7 million in Q1 2025, and up 179.42% on a QoQ basis from $11.7 million in Q4 2025.

SoFi Technologies (SOFI) Tax Provisions (2020 - 2026) Analysis & Trends

SoFi Technologies (SOFI) has reported Tax Provisions for 7 consecutive years, with $32.8 million the latest figure, recorded in 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 came in at $32.8 million for Q1 2026 at SoFi Technologies, up from $11.7 million in the prior quarter.
  • The five-year high for Tax Provisions was $32.8 million in Q1 2026, with the low at -$272.5 million in Q4 2024.
  • Average Tax Provisions over 5 years is -$11.0 million, with a median of $1.1 million recorded in 2022.
  • The largest YoY upside for Tax Provisions was 1374.59% in 2024 against a maximum downside of 8498.43% in 2024.
  • Year by year, Tax Provisions stood at $1.1 million in 2022, then soared by 207.0% to $3.2 million in 2023, then slumped 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.
  • According to Business Quant data, Tax Provisions over the past three periods registered $32.8 million, $11.7 million, and $9.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Visa 587.74 Bn 575.34 Bn - 1.15 Bn
2 Mastercard 465.55 Bn 455.34 Bn - 930.00 Mn
3 American Express 238.39 Bn 184.35 Bn 17.43 Bn 807.00 Mn
4 PayPal Holdings 40.24 Bn 30.89 Bn 7.84 Bn 280.00 Mn
5 Affirm Holdings 28.27 Bn 26.55 Bn 261.64 Mn 4.50 Mn
6 SoFi Technologies 23.54 Bn 20.13 Bn 929.25 Mn 32.82 Mn
7 Ally Financial 14.34 Bn 13.89 Bn 1.98 Bn 81.00 Mn
8 Credit Acceptance 7.51 Bn 7.49 Bn 562.70 Mn 35.00 Mn
9 FinVolution 6.22 Bn 4.97 Bn 311.24 Mn -12.57 Mn
10 Sezzle 5.91 Bn 5.79 Bn - 14.69 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