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
DateValue
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%