SoFi Technologies, Inc. (SOFI) Tax Rate: 8.47%
Is SoFi Technologies, Inc.’s tax rate high or low?
SoFi Technologies, Inc.'s tax rate of 8.47% is 168% above its 5-year average of -12.40%, near the high end of its 5-year range (-113.70%–31.80%).
The tax rate for SoFi Technologies, Inc. (SOFI) is 8.47%. It is above its 12-month average by 116.10% (-52.62%).
SOFI Tax Rate Chart
SOFI Average Tax Rate Chart
SOFI Current vs Average Tax Rate Chart
SOFI Tax Rate Metrics
TAX RATE
8.47%
TAX RATE AVG TTM
-52.62%
TAX RATE AVG 3Y
-26.41%
TAX RATE AVG 5Y
-12.40%
TAX RATE AVG 10Y
-8.16%
TAX RATE AVG 15Y
-8.16%
TAX RATE AVG 20Y
-8.16%
CURRENT VS TTM AVG
+116.10%
CURRENT VS 3Y AVG
+132.08%
CURRENT VS 5Y AVG
+168.32%
CURRENT VS 10Y AVG
+203.81%
CURRENT VS 15Y AVG
+203.81%
CURRENT VS 20Y AVG
+203.81%
SoFi Technologies, Inc. Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
SoFi Technologies, Inc. Tax Rate FAQ
- What is the tax rate for SoFi Technologies, Inc. (SOFI)?
- The tax rate for SOFI stock is 8.47%.
- Is SoFi Technologies, Inc.'s tax rate high or low?
- SoFi Technologies, Inc.'s tax rate of 8.47% is 168% above its 5-year average of -12.40%, near the high end of its 5-year range (-113.70%–31.80%).
- What is the TTM average tax rate for SoFi Technologies, Inc. (SOFI)?
- The TTM average tax rate for SOFI stock is -52.62%.
- What is the 3Y average tax rate for SoFi Technologies, Inc. (SOFI)?
- The 3Y average tax rate for SOFI stock is -26.41%.
- What is the 5Y average tax rate for SoFi Technologies, Inc. (SOFI)?
- The 5Y average tax rate for SOFI stock is -12.40%.
- What is the 10Y average tax rate for SoFi Technologies, Inc. (SOFI)?
- The 10Y average tax rate for SOFI stock is -8.16%.
- What is the 15Y average tax rate for SoFi Technologies, Inc. (SOFI)?
- The 15Y average tax rate for SOFI stock is -8.16%.
- What is the 20Y average tax rate for SoFi Technologies, Inc. (SOFI)?
- The 20Y average tax rate for SOFI stock is -8.16%.
SoFi Technologies, Inc. Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-12-31 | 8.47% |
| 2024-12-31 | -113.70% |
| 2023-12-31 | 0.14% |
| 2022-12-31 | -0.53% |
| 2021-12-31 | -0.57% |
| 2020-12-31 | 31.80% |
| 2019-12-31 | -0.04% |
| 2018-12-31 | 0.38% |
| 2017-12-31 | 0.62% |
Related Metrics
About SoFi Technologies, Inc.
SoFi Technologies, Inc. specializes in delivering a wide array of online financial solutions. The company's business is structured across three main divisions: Lending, Technology Platform, and Financial Services. Through its diverse offerings, SoFi empowers its members to manage their money comprehensively, facilitating borrowing, saving, spending, investing, and asset protection. Its lending portfolio includes student loans, personal loans for various needs like debt consolidation or home improvements, and home mortgages. Furthermore, SoFi provides services for cash management and investment, complemented by its robust technology services. This technology segment features Galileo, a platform serving both financial and non-financial institutions; Apex, a technology-driven platform for investment custody and clearing brokerage; and Technisys, a cutting-edge, cloud-native core banking platform designed for multiple products. Established in 2011, SoFi Technologies, Inc. is based in San Francisco, California.
- Sector
- Financial Services
- Industry
- Financial - Credit Services
- CEO
- Anthony J. Noto