SoFi Technologies (STU:6B0) Pre-Tax Income : €-162 Mil (TTM As of Mar. 2024)

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What is SoFi Technologies Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. SoFi Technologies's pretax income for the three months ended in Mar. 2024 was €87 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2024 was €-162 Mil. SoFi Technologies's pretax margin was 16.08%.

During the past 6 years, SoFi Technologies's highest Pretax Margin was -7.69%. The lowest was -94.05%. And the median was -51.50%.

SoFi Technologies Pre-Tax Income Historical Data

The historical data trend for SoFi Technologies's Pre-Tax Income 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 Pre-Tax Income Chart

SoFi Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

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-215.64

-270.04

-425.84

-300.87

-276.16

SoFi Technologies Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Pre-Tax Income	Get a 7-Day Free Trial													-33.68	-45.53	-250.11	46.91	86.69

Competitive Comparison of SoFi Technologies's Pre-Tax Income

For the Credit Services subindustry, SoFi Technologies's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SoFi Technologies's Pre-Tax Income Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, SoFi Technologies's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where SoFi Technologies's Pre-Tax Income falls into.

SoFi Technologies Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

SoFi Technologies's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Other
	=	0	+	-276.162
	=	-276

SoFi Technologies's Pretax Income for the quarter that ended in Mar. 2024 is calculated as

Pretax Income	=	Operating Income	+	Other
	=	0	+	86.688
	=	87

Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-162 Mil.

SoFi Technologies (STU:6B0) Pre-Tax Income Explanation

SoFi Technologies's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	86.688	/	538.937
	=	16.08%

During the past 6 years, SoFi Technologies's highest Pretax Margin was -7.69%. The lowest was -94.05%. And the median was -51.50%.

SoFi Technologies Pre-Tax Income Related Terms

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SoFi Technologies (STU:6B0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (STU:6B0) » Definitions » Pre-Tax Income

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.

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