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| 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% |