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Revenue | 6 Months Ended
--- | ---
Jun. 30, 2026
Revenue from Contract with Customer [Abstract] |
Revenue | Note 3. Revenue
In each of our revenue arrangements, revenue is recognized when control of the promised goods or services is transferred to the customer in an amount that reflects our expected consideration in exchange for those goods or services. Our arrangements are discussed in our Annual Report on Form 10-K, with notable updates provided herein. Net Crypto Transaction Revenue In the fourth quarter of 2025, the Company launched SoFi Crypto, which gives members the ability to buy, sell and hold digital assets. Net crypto transaction revenue primarily consists of transaction fees earned from facilitating member buy and sell orders on our platform. See Note 1. Organization, Summary of Significant Accounting Policies and New Accounting Standards for additional information. Disaggregated Revenue The table below presents revenue from contracts with customers disaggregated by type of service, which best depicts how the revenue and cash flows are affected by economic factors, and by the reportable segment to which each revenue stream relates, as well as a reconciliation of total revenue from contracts with customers to total noninterest income.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Revenue from contracts with customers |  |  |  |  |  |  |
Financial Services |  |  |  |  |  |  |
Referrals, loan platform business(1) | $ | 24,358 |  |  | $ | 22,548 |  |  | $ | 43,635 |  |  | $ | 42,248 |
Referrals, other(2) | 3,701 |  |  | 2,588 |  |  | 7,457 |  |  | 5,118 |
Interchange(2) | 41,059 |  |  | 26,502 |  |  | 76,260 |  |  | 49,314 |
Brokerage(2) | 18,127 |  |  | 7,542 |  |  | 33,231 |  |  | 14,527 |
Net crypto transaction revenue(3) | 1,183 |  |  | — |  |  | 2,035 |  |  | — |
Other(2)(4) | 9,621 |  |  | 2,166 |  |  | 15,593 |  |  | 3,897 |
Total financial services(5) | 98,049 |  |  | 61,346 |  |  | 178,211 |  |  | 115,104 |
Technology Platform |  |  |  |  |  |  |
Technology services | 50,512 |  |  | 89,574 |  |  | 99,296 |  |  | 175,562 |
Other(4) | 5,016 |  |  | 970 |  |  | 5,574 |  |  | 1,606 |
Total technology platform(5) | 55,528 |  |  | 90,544 |  |  | 104,870 |  |  | 177,168 |
Total net revenue from contracts with customers | 153,577 |  |  | 151,890 |  |  | 283,081 |  |  | 292,272 |
Other sources of revenue |  |  |  |  |  |  |
Loan origination, sales, securitizations and servicing | 150,407 |  |  | 70,855 |  |  | 292,616 |  |  | 123,660 |
Loan platform business, other(1) | 116,572 |  |  | 104,857 |  |  | 235,550 |  |  | 177,907 |
Other | 9,925 |  |  | 9,505 |  |  | 26,614 |  |  | 16,301 |
Total other sources of revenue | 276,904 |  |  | 185,217 |  |  | 554,780 |  |  | 317,868 |
Total noninterest income | $ | 430,481 |  |  | $ | 337,107 |  |  | $ | 837,861 |  |  | $ | 610,140 |
_____________________ (1) Presented within noninterest income—loan platform fees in the condensed consolidated statements of operations and comprehensive income. (2) Presented within noninterest income—other in the condensed consolidated statements of operations and comprehensive income. (3) Total crypto transaction revenue is comprised of $255.9 million of Crypto transaction revenue and $253.8 million in Cost of crypto transaction revenue. (4) Financial Services includes revenues from wire fee income, enterprise services, SoFi Plus subscriptions and equity capital markets services. Technology Platform includes revenues from software licenses and associated services, and payment network fees for serving as a transaction card program manager for enterprise customers that are the program marketers for separate card programs. (5) Revenue from contracts with customers is presented within noninterest income—technology products and solutions and noninterest income—other in the condensed consolidated statements of operations and comprehensive income. Related primarily to technology platform services, we had deferred revenue of $7,281 and $8,535 as of June 30, 2026 and December 31, 2025, respectively, which are presented within accounts payable, accruals and other liabilities in the condensed consolidated balance sheets. We recognized revenue of $3,035 and $2,536 during the three months ended June 30, 2026 and 2025, respectively, and recognized revenue of $5,067 and $4,904 during the six months ended June 30, 2026 and 2025, respectively, associated with deferred revenue within noninterest income—technology products and solutions in the condensed consolidated statements of operations and comprehensive income. Contract Balances As of June 30, 2026 and December 31, 2025, accounts receivable, net associated with revenue from contracts with customers was $59,893 and $56,154, respectively, reported within other assets in the condensed consolidated balance sheets. Costs of Obtaining Contracts with Customers We capitalize incremental costs of obtaining a contract with a customer, which are certain commissions paid to third-parties in connection with the acquisition of member accounts. Capitalized costs are amortized over the life of the account. We elected the practical expedient to expense the incremental costs of obtaining a contract when the amortization period is one year or less. The expense is reported in noninterest expense—sales and marketing on the condensed consolidated statements of operations and comprehensive income. During the three and six months ended June 30, 2026, we recognized associated amortization expense of $18,534 and $30,493, respectively. During the three and six months ended June 30, 2025, we recognized associated amortization expense of $12,352 and $22,803, respectively.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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