SoFi Technologies (SOFI) Tax Provisions (2020 - 2026)
SoFi Technologies' quarterly Tax Provisions came in at $32.8 million in Q1 2026, up 278.73% year-on-year from $8.7 million in Q1 2025, and up 179.42% quarter-over-quarter from $11.7 million in Q4 2025.
SoFi Technologies (SOFI) Tax Provisions (2020 - 2026) Analysis & Trends
SoFi Technologies has reported Tax Provisions for 7 years, with the latest figure at $32.8 million in Q1 2026.
- For the quarter ending Q1 2026, Tax Provisions rose 278.73% year-over-year to $32.8 million; the trailing twelve-month figure through Mar 2026 stood at $68.7 million (up 126.12% YoY), and the FY2025 full-year result was $44.5 million, up 116.77% from the prior year.
- Tax Provisions for Q1 2026 stood at $32.8 million, 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.
- Peak annual rise in Tax Provisions reached 1374.59% in 2024, while the deepest fall reached 8498.43% in 2024.
- Tracing SOFI's Tax Provisions over 5 years: stood at $1.1 million in 2022, then jumped by 207.0% to $3.2 million in 2023, then plunged by 8498.43% to -$272.5 million in 2024, then surged by 104.31% to $11.7 million in 2025, then surged 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 | 539.53 Bn | 527.13 Bn | - | 1.15 Bn |
| 2 | Mastercard | 441.81 Bn | 431.60 Bn | - | 930.00 Mn |
| 3 | American Express | 215.01 Bn | 160.96 Bn | 17.43 Bn | 807.00 Mn |
| 4 | Capital One Financial | 114.99 Bn | 38.50 Bn | - | 518.00 Mn |
| 5 | PayPal Holdings | 41.29 Bn | 31.95 Bn | 7.84 Bn | 280.00 Mn |
| 6 | Affirm Holdings | 24.62 Bn | 22.89 Bn | 261.64 Mn | 4.50 Mn |
| 7 | Synchrony Financial | 24.22 Bn | 3.66 Bn | - | 242.00 Mn |
| 8 | SoFi Technologies | 23.71 Bn | 20.31 Bn | 929.25 Mn | 32.82 Mn |
| 9 | Ally Financial | 13.13 Bn | 12.69 Bn | 1.98 Bn | 81.00 Mn |
| 10 | Credit Acceptance | 6.46 Bn | 6.44 Bn | 562.70 Mn | 35.00 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 |