SoFi Technologies, Inc. Interest Expense, Deposits decreased by 1.1% to $287.23M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 27.4%, from $225.40M to $287.23M. This is a positive signal — lower values indicate better performance for this metric.
An increase suggests rising market interest rates or a shift toward more expensive deposit products, which can compress net interest margins.
This represents the cost incurred by the bank to pay interest to depositors for their savings, checking, and time deposi...
Universal metric for banks; peers report this as 'Interest Expense on Deposits'.
other_interest_expense_deposits| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $0.00 | $0.00 | $431.00K | $4.54M | $14.15M | $40.67M | $73.12M | $106.53M | $145.56M | $182.61M | $211.45M | $231.82M | $248.29M | $238.60M | $225.40M | $233.23M | $264.90M | $290.51M | $287.23M |
| QoQ Change | — | — | — | — | +954.1% | +211.4% | +187.4% | +79.8% | +45.7% | +36.6% | +25.5% | +15.8% | +9.6% | +7.1% | -3.9% | -5.5% | +3.5% | +13.6% | +9.7% | -1.1% |
| YoY Change | — | — | — | — | — | — | — | >999% | >999% | +928.8% | +349.0% | +189.2% | +117.6% | +70.6% | +30.7% | +6.6% | +0.6% | +6.7% | +21.8% | +27.4% |