SoFi Technologies (SOFI) Tax Rate (2020 - 2026)
SoFi Technologies (SOFI) posted quarterly Tax Rate of 16.45% for Q1 2026, up 559.0% year-over-year from 2.5% in Q1 2025, and up 158.7% quarter-over-quarter from 6.36% in Q4 2025.
SoFi Technologies (SOFI) Tax Rate (2020 - 2026) Analysis & Trends
SoFi Technologies (SOFI) has reported Tax Rate for 7 consecutive years, with 16.45% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 559.0% year-over-year to 16.45%; the TTM figure through Mar 2026 stood at 10.64% (up 13071.0% YoY), while the FY2025 annual figure was 8.47%, up 12217.0% from the prior year.
- Tax Rate advanced to 16.45% in Q1 2026 per SOFI's latest filing, from 6.36% in the prior quarter.
- Across five years, Tax Rate topped out at 16.45% in Q1 2026 and bottomed at 454.82% in Q4 2024.
- Historically, Tax Rate has averaged 23.08% across 5 years, with a median of 4.54% in 2023.
- Annual changes were most pronounced in 2024 — Tax Rate sank 46117 bps — and 2025, when it jumped 46118 bps.
- SoFi Technologies' Tax Rate stood at 2.71% in 2022, then jumped by 334 bps to 6.34% in 2023, then sank by 7270 bps to 454.82% in 2024, then surged by 101 bps to 6.36% in 2025, then jumped by 159 bps to 16.45% in 2026.
- Business Quant data shows SOFI's Tax Rate at 16.45% in Q1 2026, 6.36% in Q4 2025, and 6.17% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 17.64% |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | 20.01% |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 23.61% |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 20.90% |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 15.73% |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | 25.38% |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | 4.17% |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | 16.45% |
| 10 | Ally Financial | 13.61 Bn | 5.77 Bn | 2.08 Bn | 23.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.45% |
| Mar 31, 2026 | 16.45% |
| Mar 31, 2026 | 16.45% |
| Dec 31, 2025 | 6.36% |
| Dec 31, 2025 | 6.36% |
| Dec 31, 2025 | 6.36% |
| Sep 30, 2025 | 6.17% |
| Sep 30, 2025 | 6.17% |
| Sep 30, 2025 | 6.17% |
| Jun 30, 2025 | 13.31% |
| Jun 30, 2025 | 13.31% |
| Jun 30, 2025 | 13.31% |
| Mar 31, 2025 | 10.86% |
| Mar 31, 2025 | 10.86% |
| Mar 31, 2025 | 10.86% |
| Dec 31, 2024 | -454.82% |
| Dec 31, 2024 | -454.82% |
| Dec 31, 2024 | -454.82% |
| Sep 30, 2024 | 4.87% |
| Sep 30, 2024 | 4.87% |