SoFi Technologies SOFI
NASDAQ SOFI
$16.96 +0.23 (+1.37%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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