SoFi Technologies (SOFI) Tax Rate (2020 - 2026)

SoFi Technologies' quarterly Tax Rate came in at 16.45% in Q1 2026, up 559.0% year-on-year from 2.5% in Q1 2025, and up 159.51% quarter-over-quarter from 6.34% in Q4 2025.

SoFi Technologies (SOFI) Tax Rate (2020 - 2026) Analysis & Trends

SoFi Technologies has reported Tax Rate for 7 years, with the latest figure at 16.45% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 559.0% year-over-year to 16.45%; the trailing twelve-month figure through Mar 2026 stood at 10.63% (up 13070.0% YoY), and the FY2025 full-year result was 8.46%, up 12216.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 16.45%, up from 6.34% in the prior quarter.
  • The five-year high for Tax Rate was 16.45% in Q1 2026, with the low at 454.79% in Q4 2024.
  • Average Tax Rate over 5 years is 23.08%, with a median of 4.54% recorded in 2023.
  • Year-over-year, Tax Rate sank 46113 bps in 2024 and jumped 46113 bps in 2025.
  • Tracing SOFI's Tax Rate over 5 years: stood at 2.71% in 2022, then soared by 334 bps to 6.34% in 2023, then slumped by 7270 bps to 454.79% in 2024, then surged by 101 bps to 6.34% in 2025, then jumped 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 539.53 Bn 527.13 Bn - 16.07
2 Mastercard 441.81 Bn 431.60 Bn - 19.33
3 American Express 215.01 Bn 160.96 Bn 17.43 Bn 21.36
4 Capital One Financial 114.99 Bn 38.50 Bn - 19.19
5 PayPal Holdings 41.29 Bn 31.95 Bn 7.84 Bn 20.10
6 Affirm Holdings 24.62 Bn 22.89 Bn 261.64 Mn 4.19
7 Synchrony Financial 24.22 Bn 3.66 Bn - 23.11
8 SoFi Technologies 23.71 Bn 20.31 Bn 929.25 Mn 16.45
9 Ally Financial 13.13 Bn 12.69 Bn 1.98 Bn 20.25
10 Credit Acceptance 6.46 Bn 6.44 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%