SoFi Technologies SOFI
NASDAQ SOFI
$18.06 -1.12 (-5.84%)
At close: Aug 28, 2026 · 4:00 PM EDT

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.

Analysis

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.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Visa 680.39 Bn 668.03 Bn - 17.64%
2 Mastercard 518.33 Bn 504.84 Bn - 20.01%
3 American Express 224.91 Bn 175.59 Bn 17.99 Bn 23.61%
4 Capital One Financial 132.31 Bn 77.60 Bn - 20.90%
5 PayPal Holdings 46.25 Bn 35.00 Bn - 15.73%
6 Affirm Holdings 26.22 Bn 24.59 Bn - -856.07%
7 Synchrony Financial 25.37 Bn 9.17 Bn - 25.38%
8 SoFi Technologies 23.30 Bn 20.18 Bn 1.02 Bn 23.36%
9 Ally Financial 12.85 Bn 5.01 Bn 2.08 Bn 23.65%
10 FirstCash Holdings 9.51 Bn 9.34 Bn 533.67 Mn 26.41%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 23.36
Jun 30, 2026 23.36
Jun 30, 2026 23.36
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