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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,
2026202520262025
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 services50,512 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 customers153,577 151,890 283,081 292,272 
Other sources of revenue




Loan origination, sales, securitizations and servicing150,407 70,855 292,616 123,660 
Loan platform business, other(1)
116,572 104,857 235,550 177,907 
Other9,925 9,505 26,614 16,301 
Total other sources of revenue276,904 185,217 554,780 317,868 
Total noninterest income$430,481 $337,107 $837,861 $610,140 
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(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.