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SoFi Technologies, Inc. logo

SoFi Technologies, Inc. Business Segments

Business, geographic, and product segment breakdowns

SoFi Technologies, Inc. generates $3.9B in annual revenue across 3 key segments: Financial Services ($1.7B), Lending ($2.1B), and Technology Platform ($421.9M). Based on the Q1 2026 filing.

Financial Services (TTM)$1.7BLending (TTM)$2.1BTechnology Platform (TTM)$421.9M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$21.4B
P/E Ratio37.06
ROE6.6%

Products & Services

Total net revenue from contracts with customers

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Technology services$86.6M$86M$89.6M$88M$92.1M$48.8M
Interchange$21.6M$22.8M$26.5M$29.1M$35.9M$35.2M
Referrals, loan platform business$16.3M$19.7M$22.5M$18M$19.7M$19.3M
Brokerage$5.8M$7M$7.5M$12.3M$12.9M$15.1M
Other$651K$1.7M$2.2M$4.1M$4.1M$6M
Referrals, other$2.5M$2.5M$2.6M$3.7M$3.6M$3.8M
Net crypto transaction revenue—$0———$852K

Total revenue from contracts with customers

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other$2M$636K$970K$1.6M$1.9M$558K

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total Assets$951.5M———$1.3B—
Revenues, Net of Interest Expense$24.6M$62.2M$62.2M$62.2M$62.2M—

Business Segments

Advertising Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lending$66.4M$67.8M$79.3M$91.6M$89.1M$96.9M
Financial Services$6.5M$5.7M$8.4M$9.3M$9.9M$12M
Technology Platform$0$0$0$0$0$0

Compensation and benefits, inclusive of share-based compensation expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Financial Services$39.7M$42.5M$38.1M$45.9M$54.8M$57.4M
Lending$33.4M$35.9M$42.7M$43M$44.6M$52.2M
Technology Platform$42.3M$44.5M$44.2M$48.5M$50.7M$46.1M

Corporate/Other total net revenue (loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lending$417.8M$413.4M$443.5M$493.4M$498.7M$642.4M
Financial Services$256.5M$303.1M$362.5M$419.6M$456.7M$428.5M
Technology Platform$102.8M$103.4M$109.8M$114.6M$122.4M$75.1M

Directly Attributable Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lending$176.8M$173.4M$202.1M$219.8M$214.8M$246.9M
Financial Services$134.8M$149.1M$164.3M$184.9M$220.5M$224.1M
Technology Platform$70.7M$72.5M$76.6M$82.2M$74.4M$63.1M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Technology Platform$1.3B$1.3B$1.3B$1.3B$1.3B$1.3B
Financial Services$37.2M$37.2M$37.2M$37.2M$37.2M$37.2M
Lending$17.7M$17.7M$17.7M$17.7M$17.7M$17.7M

Intercompany Technology Platform Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Financial Services$8.3M$11M$13.3M$10.5M$12M$12.7M
Lending$484K$489K$477K$578K$534K$612K
Technology Platform$0$0$0$0$0$0

Lead Generation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lending$52.1M$40.2M$49.6M$50M$44.8M$59.1M
Financial Services$16.3M$31.7M$33.2M$39.2M$57.8M$51.6M
Technology Platform$0$0$0$0$0$0

Loan Origination And Servicing Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lending$14.3M$18.7M$19.6M$23.1M$22.8M$24.7M
Financial Services$0$0$0$0$0$0
Technology Platform$0$0$0$0$0$0

Member Incentive Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Financial Services$19.2M$16.1M$18M$20.4M$23M$24.6M
Lending$0$0$0$0$0$0
Technology Platform$0$0$0$0$0$0

Net interest income (expense)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lending$345.2M$360.6M$372.7M$428M$444.8M$500.2M
Financial Services$160.3M$173.2M$193.3M$203.7M$207.8M$227.7M
Technology Platform$473K$413K$266K$432K$394K$355K

Noninterest Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Financial Services$96.2M$129.9M$169.2M$216M$248.9M$200.8M
Lending$72.6M$52.8M$70.8M$65.4M$53.9M$142.2M
Technology Platform$102.4M$103M$109.6M$114.1M$122M$74.7M

Other Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Financial Services$17.5M$16.3M$27.7M$27M$30.2M$29.4M
Lending$7.1M$8.1M$6.9M$8M$9.4M$9.4M
Technology Platform$4.4M$4.5M$2.6M$4.4M$4M$3.2M

Product Fulfillment Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Financial Services$20.1M$18.7M$19M$25M$23.7M$26.6M
Technology Platform$14.2M$14M$15.3M$15.9M$5.7M$2.5M
Lending$0$0$0$0$0$0

Professional Fees

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Financial Services$7.2M$7.3M$6.5M$7.4M$9.1M$9.6M
Technology Platform$2.5M$2.7M$3.9M$4.2M$3.5M$4.3M
Lending$3M$2.2M$3.5M$3.6M$3.7M$3.9M

Provision for Credit Losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Financial Services$6.9M$5.6M$10M$9.2M$5.5M$8.9M
Lending$0$0$0$0$0$0
Technology Platform$0$0$0$0$0$0

Reportable segments total contribution profit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lending$246M$238.9M$244.7M$261.6M$271.7M$382.4M
Financial Services$114.9M$148.3M$188.2M$225.6M$230.8M$195.6M
Technology Platform$32.1M$30.9M$33.2M$32.4M$47.9M$12M

Residual interests classified as debt – change in valuation inputs or assumptions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lending$25K$35K$12K$15K$8K$27K
Financial Services$0$0$0$0$0$0
Technology Platform$0$0$0$0$0$0

Servicing rights – change in valuation inputs or assumptions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lending—$1.1M-$3.3M$12M$12.2M$13.2M
Financial Services$0$0$0$0$0$0
Technology Platform$0$0$0$0$0$0

Tools and Subscriptions Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Technology Platform$7.3M$6.9M$10.7M$9.2M$10.5M$7M
Financial Services$0$0$0$0$0$0
Lending$0$0$0$0$0$0

Total net revenue from contracts with customers

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Financial Services$46.8M$53.8M$61.3M$67.2M$76.3M$80.2M
Technology Platform$88.7M$86.6M$90.5M$89.6M$94M$49.3M