SoFi Technologies (STU:6B0) Accounts Payable & Accrued Expense : €510 Mil (As of Mar. 2024)

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What is SoFi Technologies Accounts Payable & Accrued Expense?

SoFi Technologies's quarterly accounts payable & accrued expense declined from Sep. 2023 (€531 Mil) to Dec. 2023 (€332 Mil) but then increased from Dec. 2023 (€332 Mil) to Mar. 2024 (€510 Mil).

SoFi Technologies's annual accounts payable & accrued expense increased from Dec. 2021 (€223 Mil) to Dec. 2022 (€274 Mil) and increased from Dec. 2022 (€274 Mil) to Dec. 2023 (€332 Mil).

SoFi Technologies Accounts Payable & Accrued Expense Historical Data

The historical data trend for SoFi Technologies's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SoFi Technologies Accounts Payable & Accrued Expense Chart

SoFi Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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93.23

372.29

223.25

274.28

332.11

SoFi Technologies Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial													517.54	583.76	530.79	332.11	509.85

SoFi Technologies Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

SoFi Technologies (STU:6B0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (STU:6B0) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

SOFI:USA SOFI:Mexico 6B0:Germany

Address

234 1st Street, San Francisco, CA, USA, 94105

Website

https://www.sofi.com

SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.

SoFi Technologies (STU:6B0) Headlines

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