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 178.55% quarter-over-quarter from $11.8 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 126.13% YoY), while the FY2025 annual figure was $44.5 million, up 116.79% from the prior year.
- Tax Provisions advanced to $32.8 million in Q1 2026 per SOFI's latest filing, from $11.8 million in the prior quarter.
- Across five years, Tax Provisions topped out at $32.8 million in Q1 2026 and bottomed at -$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.
- On a YoY basis, Tax Provisions climbed as much as 1374.59% in 2024 and fell as far as 8499.04% in 2024.
- SoFi Technologies' Tax Provisions stood at $1.1 million in 2022, then surged by 207.0% to $3.2 million in 2023, then tumbled by 8499.04% to -$272.5 million in 2024, then jumped by 104.32% to $11.8 million in 2025, then jumped by 178.55% to $32.8 million in 2026.
- Business Quant data shows SOFI's Tax Provisions at $32.8 million in Q1 2026, $11.8 million in Q4 2025, and $9.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 1.21 Bn |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | 1.10 Bn |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 961.00 Mn |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 798.00 Mn |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 206.00 Mn |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | 301.00 Mn |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | 4.48 Mn |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | 32.82 Mn |
| 10 | Ally Financial | 13.61 Bn | 5.77 Bn | 2.08 Bn | 127.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | -78,000.00 |