SoFi Technologies (SOFI) Tax Rate (2020 - 2026)
SoFi Technologies (SOFI) recorded quarterly Tax Rate of 16.45% in Q1 2026, up 159.51% quarter-over-quarter from 6.34% in Q4 2025, and up 559.0% on a YoY basis from 2.5% in Q1 2025.
SoFi Technologies (SOFI) Tax Rate (2020 - 2026) Analysis & Trends
SoFi Technologies' Tax Rate history runs 7 years deep, the most recent figure standing at 16.45% for Q1 2026.
- In Q1 2026, Tax Rate rose 559.0% year-over-year to 16.45%; the TTM figure through Mar 2026 stood at 10.63% (up 13070.0% YoY), while the FY2025 annual figure was 8.46%, up 12216.0% from the prior year.
- Tax Rate was 16.45% for Q1 2026 at SoFi Technologies, up from 6.34% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 16.45% in Q1 2026 to a low of 454.79% in Q4 2024.
- Historically, Tax Rate has averaged 23.08% across 5 years, with a median of 4.54% in 2023.
- The sharpest annual moves came in 2024 and 2025: Tax Rate sank 46113 bps in 2024, then surged 46113 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 2.71% in 2022, then surged by 334 bps to 6.34% in 2023, then tumbled by 7270 bps to 454.79% in 2024, then jumped by 101 bps to 6.34% in 2025, then soared by 160 bps to 16.45% in 2026.
- The last three Tax Rate figures came in at 16.45% (Q1 2026), 6.34% (Q4 2025), and 6.17% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 548.22 Bn | 535.81 Bn | - | 16.07 |
| 2 | Mastercard | 437.48 Bn | 427.27 Bn | - | 19.33 |
| 3 | American Express | 231.87 Bn | 177.83 Bn | 17.43 Bn | 21.36 |
| 4 | Capital One Financial | 125.74 Bn | 49.24 Bn | - | 19.19 |
| 5 | PayPal Holdings | 38.80 Bn | 29.46 Bn | 7.84 Bn | 20.10 |
| 6 | Synchrony Financial | 25.78 Bn | 5.22 Bn | - | 23.11 |
| 7 | Affirm Holdings | 24.65 Bn | 22.93 Bn | 261.64 Mn | 4.19 |
| 8 | SoFi Technologies | 22.89 Bn | 19.49 Bn | 929.25 Mn | 16.45 |
| 9 | Ally Financial | 14.15 Bn | 13.70 Bn | 1.98 Bn | 20.25 |
| 10 | Credit Acceptance | 6.63 Bn | 6.61 Bn | 562.70 Mn | 22.29 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.45% |
| Mar 31, 2026 | 16.45% |
| Dec 31, 2025 | 6.34% |
| Dec 31, 2025 | 6.34% |
| Sep 30, 2025 | 6.17% |
| Sep 30, 2025 | 6.17% |
| Jun 30, 2025 | 13.31% |
| Jun 30, 2025 | 13.31% |
| Mar 31, 2025 | 10.86% |
| Mar 31, 2025 | 10.86% |
| Dec 31, 2024 | -454.79% |
| Dec 31, 2024 | -454.79% |
| Sep 30, 2024 | 4.87% |
| Sep 30, 2024 | 4.87% |
| Jun 30, 2024 | -13.46% |
| Jun 30, 2024 | -13.46% |
| Mar 31, 2024 | 6.56% |
| Mar 31, 2024 | 6.56% |
| Dec 31, 2023 | 6.34% |
| Dec 31, 2023 | 6.34% |