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
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