SoFi Technologies, Inc.

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

Total noninterest income increased by $110.4 million, or 41%, and $292.2 million, or 42%, for the three and nine months ended September 30, 2025, respectively, compared to the three and nine months ended September 30, 2024.

Loan Origination, Sales, Securitizations and Servicing

Three Months. Loan origination, sales, securitizations and servicing decreased by $14.6 million, or 18%, for the three months ended September 30, 2025 compared to the three months ended September 30, 2024. The decrease was driven primarily by lower fair value gains on personal and student loans. These decreases were partially offset by gains during the 2025 period compared to losses in the 2024 period on interest rate swap positions primarily related to personal loans and student loans, higher fair value gains on home loans in the 2025 period primarily impacted by increased loan origination volume, higher origination fees and net lower personal and student loan write-offs.

Nine Months. Loan origination, sales, securitizations and servicing decreased by $16.4 million, or 8%, for the nine months ended September 30, 2025 compared to the nine months ended September 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 student loans and personal loans, lower fair value gains on personal loans and net higher personal and student loan write-offs. These decreases were partially offset by higher fair value gains on student loans, higher origination fees and higher fair value gains on home loans in the 2025 period primarily impacted by increased loan origination volume.

Technology Products and Solutions

Three Months. Technology products and solutions decreased by $1.2 million, or 1%,for the three months ended September 30, 2025 compared to the three months ended September 30, 2024. The decrease was driven by a moderation in customer growth in our Technology Platform.

Nine Months. Technology products and solutions increased by $4.5 million, or 2%,for the nine months ended September 30, 2025 compared to the nine months ended September 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 $106.8 million, or 175%, for the three months ended September 30, 2025 compared to the three months ended September 30, 2024. The increase was driven by an increase in Loan Platform Business originations, which grew 234% from the prior year period.

Nine Months. Loan platform fees and related servicing increased by $304.0 million, or 336%, for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. This increase reflects a full period of Loan Platform Business originations during the 2025 period compared to the prior year period when the business was fully launched in the third quarter of 2024.

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 $16.9 million, or 43%, for the three months ended September 30, 2025 compared to the three months ended September 30, 2024. The increase was driven by higher interchange and brokerage income.

Nine Months. Other noninterest income decreased by $2.6 million, or 2%, for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. The decrease was driven by a gain on extinguishment of debt during the 2024 period partially offset by higher interchange and brokerage income.