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SoFi Technologies
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Revenue breakdown by Products & Services
Revenue breakdown by Geography

SoFi Technologies's Revenue by Segment

In fiscal year 2024, SoFi Technologies's revenue by segment (products & services) are as follows:

  • Financial Services Segment: $821.51 M
  • Lending Segment: $1.49 B
  • Technology Platform Segment: $395.18 M

Learn more about SoFi Technologies’s Revenue by Geography

Check out competitors to SoFi Technologies in a side-by-side comparison.

Explore additional financial metrics for SoFi Technologies.

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The above chart shows SoFi Technologies's revenue percentage share by segment (products and services).

In fiscal year 2022, SoFi Technologies's revenue by segment is as follows:

  • Financial Services Segment generated $167.68 M in revenue, representing 10.33% of its total revenue.
  • Lending Segment generated $1.14 B in revenue, representing 70.25% of its total revenue.
  • Technology Platform Segment generated $315.13 M in revenue, representing 19.42% of its total revenue.

The biggest segment for SoFi Technologies is the Lending Segment, which represents 70.25% of its total revenue.
The smallest segment for SoFi Technologies is the Financial Services Segment, which represents 10.33% of its total revenue.

The above chart shows SoFi Technologies's revenue percentage share by segment (products and services).

In fiscal year 2023, SoFi Technologies's revenue by segment is as follows:

  • Financial Services Segment generated $436.52 M in revenue, representing 20.21% of its total revenue.
  • Lending Segment generated $1.37 B in revenue, representing 63.47% of its total revenue.
  • Technology Platform Segment generated $352.34 M in revenue, representing 16.32% of its total revenue.

The biggest segment for SoFi Technologies is the Lending Segment, which represents 63.47% of its total revenue.
The smallest segment for SoFi Technologies is the Technology Platform Segment, which represents 16.32% of its total revenue.

The above chart shows SoFi Technologies's revenue percentage share by segment (products and services).

In fiscal year 2024, SoFi Technologies's revenue by segment is as follows:

  • Financial Services Segment generated $821.51 M in revenue, representing 30.4% of its total revenue.
  • Lending Segment generated $1.49 B in revenue, representing 54.97% of its total revenue.
  • Technology Platform Segment generated $395.18 M in revenue, representing 14.63% of its total revenue.

The biggest segment for SoFi Technologies is the Lending Segment, which represents 54.97% of its total revenue.
The smallest segment for SoFi Technologies is the Technology Platform Segment, which represents 14.63% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2022 2023 2024
Financial Services Segment 10.33% 20.21% 30.4%
Technology Platform Segment 19.42% 16.32% 14.63%
Lending Segment 70.25% 63.47% 54.97%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of SoFi Technologies.

In fiscal year 2024, the Lending Segment generated the most revenue ($1.49 B), and the Technology Platform Segment generated the least revenue ($395.18 M).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Financial Services Segment revenue increased 88.2% ($385.00 M) from $436.52 M (in 2023) to $821.51 M (in 2024).
  • Lending Segment revenue increased 8.36% ($114.60 M) from $1.37 B (in 2023) to $1.49 B (in 2024).
  • Technology Platform Segment revenue increased 12.16% ($42.84 M) from $352.34 M (in 2023) to $395.18 M (in 2024).
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    Summary Table

    Products & Services 2022
    Value Change
    		2023
    Value Change
    		2024
    Value Change
    Financial Services Segment $167.68 M - $436.52 M
    160.33%
    		$821.51 M
    88.20%
    Lending Segment $1.14 B - $1.37 B
    20.23%
    		$1.49 B
    8.36%
    Technology Platform Segment $315.13 M - $352.34 M
    11.81%
    		$395.18 M
    12.16%
    Total Revenue $1.62 B - $2.16 B
    33.07%
    		$2.70 B
    25.12%

    Frequently Asked Questions

    What was SoFi Technologies's largest product segment last year?

    In fiscal year 2024, Lending Segment revenue reached $1.49 Billion, representing 54.97% of SoFi Technologies's total revenue and making it the largest segment for the company.

    Which product segment experienced the highest growth for SoFi Technologies last year?

    The Financial Services Segment segment is SoFi Technologies's highest growth segment, with a revenue growth of +88.2% in 2024 compared to 2023.

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