Discontinued — last reported Q3 '22
Payment network — Total revenue from contracts with customers
SoFi Technologies, Inc. Payment network — Total revenue from contracts with customers increased by 21.8% to $4.34M in Q3 2022 compared to the prior quarter. Year-over-year, this metric grew by 96.5%, from $2.21M to $4.34M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates growing adoption of the company's payment infrastructure by third-party partners, while a decrease may signal pricing pressure or reduced transaction volume within the partner ecosystem.
Detailed definition
This metric represents the total gross revenue generated from services provided by the company's payment processing and...
Peer comparison
Comparable to payment processing revenue or platform-as-a-service (PaaS) fees reported by other fintech infrastructure providers.
sofi_segment_payment_network_total_revenue_from_contracts_with_customersHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | |
|---|---|---|---|---|---|---|
| Value | $1.85M | $2.21M | $6.14M | $4.46M | $3.57M | $4.34M |
| QoQ Change | — | +19.3% | +177.9% | -27.3% | -20.1% | +21.8% |
| YoY Change | — | — | — | — | +92.5% | +96.5% |
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Frequently Asked Questions
- What is SoFi Technologies, Inc.'s payment network — total revenue from contracts with customers?
- SoFi Technologies, Inc. (SOFI) reported payment network — total revenue from contracts with customers of $4.34M in Q3 2022.
- How has SoFi Technologies, Inc.'s payment network — total revenue from contracts with customers changed year-over-year?
- SoFi Technologies, Inc.'s payment network — total revenue from contracts with customers increased by 96.5% year-over-year, from $2.21M to $4.34M.
- What does payment network — total revenue from contracts with customers mean?
- The total revenue earned from providing payment processing and technology services to business clients.