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 159.51% on a QoQ basis from 6.34% 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 10.63% (up 13070.0% YoY), while the FY2025 annual figure was 8.46%, up 12216.0% from the prior year.
- Tax Rate came in at 16.45% for Q1 2026 at SoFi Technologies, 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.
- Across the five-year window, Tax Rate slumped 46113 bps in 2024 and surged 46113 bps in 2025, its largest moves.
- Year by year, Tax Rate stood at 2.71% in 2022, then surged by 334 bps to 6.34% in 2023, then plunged 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.
- According to Business Quant data, Tax Rate over the past three periods registered 16.45%, 6.34%, and 6.17% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | 16.07% |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | 19.33% |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | 21.36% |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 20.10% |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | 4.19% |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | 16.45% |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | 20.25% |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | 22.29% |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | -17.46% |
| 10 | Sezzle | 5.91 Bn | 5.79 Bn | - | 22.26% |
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% |