SoFi Technologies, Inc.

The following table presents the components of our total noninterest income:

Total noninterest income increased by $151.1 million, or 81%, and $181.8 million, or 42%, for the three and six months ended June 30, 2025, respectively, compared to the three and six months ended June 30, 2024.

Loan Origination, Sales, Securitizations and Servicing

Three Months. Loan origination, sales, securitizations and servicing improved by $9.3 million, or 15%, for the three months ended June 30, 2025 compared to the three months ended June 30, 2024. The increase was driven primarily by higher fair value gains on personal and student loans, lower personal loan write-offs, and higher origination fees. The increase was partially offset by losses during the 2025 period compared to gains in the 2024 period on interest rate swap positions primarily related to personal loans and student loans, higher student loan write-offs, and changes in fair value of personal loan servicing rights.

Six Months. Loan origination, sales, securitizations and servicing decreased by $1.8 million, or 1%, for the six months ended June 30, 2025 compared to the six months ended June 30, 2024. The decrease was driven primarily by losses during the 2025 period compared to gains in the 2024 period on interest rate swap positions primarily related to personal loans and student loans. These decreases were partially offset by higher fair value gains on student and personal loans and higher origination fees.

Technology Products and Solutions

Three Months. Technology products and solutions increased by $4.9 million, or 6%,for the three months ended June 30, 2025 compared to the three months ended June 30, 2024. The increase was driven by increased processing and service arrangement activity among our integrated technology solutions clients as well as new client account growth.

Six Months. Technology products and solutions increased by $5.7 million, or 3%,for the six months ended June 30, 2025 compared to the six months ended June 30, 2024. The increase was driven by increased processing and service arrangement activity among our integrated technology solutions clients.

Loan Platform Fees and Related Servicing

Three Months. Loan platform fees and related servicing increased by $113.6 million, or 668%, for the three months ended June 30, 2025 compared to the three months ended June 30, 2024. The increase was driven by increases in loan platform fees related to revenue from loans which we originate on behalf of third parties in order to subsequently sell as well as pre-qualified borrower referrals to third-party loan origination partners.

Six Months. Loan platform fees and related servicing increased by $197.3 million, or 670%, for the six months ended June 30, 2025 compared to the six months ended June 30, 2024. The increase was driven by increases in loan platform fees related to revenue from loans which we originate on behalf of third parties in order to subsequently sell as well as pre-qualified borrower referrals to third-party loan origination partners.

The following table presents the components of noninterest income associated with our Loan Platform Business:

(1)Recorded within noninterest income—loan platform feesin the condensed consolidated statements of operations and comprehensive income, and the Financial Services reportable segment.

(2)Recorded within noninterest income—loan origination, sales, securitizations and servicingin the condensed consolidated statements of operations and comprehensive income, and the Lending reportable segment. Amounts reflect revenue from our servicing agreements on loans which we did not originate, excluding the impacts of changes in fair value inputs and assumptions on related servicing rights as they were immaterial for all periods presented.

Other

Three Months. Other noninterest income increased by $21.4 million, or 81%, for the three months ended June 30, 2025 compared to the three months ended June 30, 2024. The increase was driven by higher interchange income.

Six Months. Other noninterest income decreased by $19.4 million, or 18%, for the six months ended June 30, 2025 compared to the six months ended June 30, 2024. The decrease was driven by a gain on extinguishment of debt during the 2024 period partially offset by higher interchange income.