SoFi (SOFI) Revenue & Revenue Breakdown
SoFi Revenue Highlights
Latest Revenue (Y)
$2.05B
Latest Revenue (Q)
$860.63M
Main Segment (Y)
Technology Platform Segment
Main Geography (Y)
UNITED STATES
SoFi Revenue by Period
SoFi Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $2.05B | 30.35% |
| 2022-12-31 | $1.57B | 59.77% |
| 2021-12-31 | $984.87M | 74.15% |
| 2020-12-31 | $565.53M | 27.76% |
| 2019-12-31 | $442.66M | 64.31% |
| 2018-12-31 | $269.40M | - |
SoFi generated $2.05B in revenue during NA 2023, up 30.35% compared to the previous quarter, and up 761.35% compared to the same period a year ago.
SoFi Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $860.63M | 33.43% |
| 2024-03-31 | $645.00M | -0.04% |
| 2023-12-31 | $645.24M | 20.11% |
| 2023-09-30 | $537.21M | 7.87% |
| 2023-06-30 | $498.02M | 5.48% |
| 2023-03-31 | $472.16M | 3.39% |
| 2022-12-31 | $456.68M | 7.71% |
| 2022-09-30 | $423.99M | 16.95% |
| 2022-06-30 | $362.53M | 9.74% |
| 2022-03-31 | $330.34M | 15.66% |
| 2021-12-31 | $285.61M | 5.00% |
| 2021-09-30 | $272.01M | 17.61% |
| 2021-06-30 | $231.27M | 18.01% |
| 2021-03-31 | $195.98M | 14.28% |
| 2020-12-31 | $171.49M | -14.59% |
| 2020-09-30 | $200.79M | 74.67% |
| 2020-06-30 | $114.95M | 46.81% |
| 2020-03-31 | $78.30M | 21.89% |
| 2019-12-31 | $64.24M | - |
SoFi generated $860.63M in revenue during Q2 2024, up 33.43% compared to the previous quarter, and up 182.28% compared to the same period a year ago.
SoFi Revenue Breakdown
SoFi Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 21 |
|---|---|---|
| Financial Services Segment | $97.46M | $58.08M |
| Lending Segment | - | $738.32M |
| Technology Platform Segment | $323.99M | $194.89M |
SoFi's latest annual revenue breakdown by segment (product or service), as of Dec 23: Technology Platform Segment (76.87%), and Financial Services Segment (23.13%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services Segment | $150.55M | $368.31M | $23.49M | $98.05M | $81.10M | $64.82M | $48.95M | $30.36M | $23.54M | $21.96M | $12.62M | $17.04M |
| Lending Segment | $330.48M | $353.13M | - | $331.44M | $337.08M | $328.19M | $301.69M | $257.12M | $252.99M | $213.76M | $210.29M | $166.29M |
| Technology Platform Segment | $94.37M | $115.43M | $81.45M | $87.62M | $77.89M | $85.65M | $53.30M | $50.23M | $45.30M | - | - | - |
SoFi's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Lending Segment (57.43%), Financial Services Segment (26.16%), and Technology Platform Segment (16.40%).
SoFi Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 |
|---|---|---|
| UNITED STATES | $2.03B | $1.50B |
| Non-US | $94.68M | $68.86M |
SoFi's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (95.54%), and Non-US (4.46%).
SOFI Revenue FAQ
What is SoFi’s yearly revenue?
SoFi's yearly revenue for 2023 was $2.05B, representing an increase of 30.35% compared to 2022. The company's yearly revenue for 2022 was $1.57B, representing an increase of 59.77% compared to 2021. SOFI's yearly revenue for 2021 was $984.87M, representing an increase of 74.15% compared to 2020.
What is SoFi’s quarterly revenue?
SoFi's quarterly revenue for Q2 2024 was $860.63M, a 33.43% increase from the previous quarter (Q1 2024), and a 72.81% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $645M, a -0.04% decrease from the previous quarter (Q4 2023), and a 36.61% increase year-over-year (Q1 2023). SOFI's quarterly revenue for Q4 2023 was $645.24M, a 20.11% increase from the previous quarter (Q3 2023), and a 41.29% increase year-over-year (Q4 2022).
What is SoFi’s revenue growth rate?
SoFi's revenue growth rate for the last 3 years (2021-2023) was 108.26%, and for the last 5 years (2019-2023) was 363.35%.
What are SoFi’s revenue streams?
SoFi's revenue streams in c 23 are Financial Services Segment, and Technology Platform Segment. Financial Services Segment generated $97.46M in revenue, accounting 23.13% of the company's total revenue, up 67.82% year-over-year. Technology Platform Segment generated $323.99M in revenue, accounting 76.87% of the company's total revenue, up 66.25% year-over-year.
What is SoFi’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of SoFi was Technology Platform Segment. This segment made a revenue of $323.99M, representing 76.87% of the company's total revenue.