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SoFi (SOFI) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

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

DateRevenueChange
2023-12-31-30.35%
2022-12-31-59.77%
2021-12-31-74.15%
2020-12-31-27.76%
2019-12-31-64.31%
2018-12-31--

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

DateRevenueChange
2024-06-30-33.43%
2024-03-31--0.04%
2023-12-31-20.11%
2023-09-30-7.87%
2023-06-30-5.48%
2023-03-31-3.39%
2022-12-31-7.71%
2022-09-30-16.95%
2022-06-30-9.74%
2022-03-31-15.66%
2021-12-31-5.00%
2021-09-30-17.61%
2021-06-30-18.01%
2021-03-31-14.28%
2020-12-31--14.59%
2020-09-30-74.67%
2020-06-30-46.81%
2020-03-31-21.89%
2019-12-31--

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/ServiceDec 23Dec 21
Financial Services Segment--
Lending Segment--
Technology Platform Segment--

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/ServiceMar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
Financial Services Segment------------
Lending Segment------------
Technology Platform Segment------------

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

CountryDec 23Dec 22
UNITED STATES--
Non-US--

SoFi's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (95.54%), and Non-US (4.46%).

SoFi Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
RBLXRoblox--
PLTRPalantir--
SOFISoFi--
AFRMAffirm--
LCIDLucid Group--
UPSTUpstart--

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.