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| 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 |