SoFi
SOFI
#1902
Rank
NZ$13.86 B
Marketcap
$13.01
Share price
-1.71%
Change (1 day)
-7.22%
Change (1 year)

Operating Margin for SoFi (SOFI)

Operating Margin as of September 2024 (TTM): -4.57%

According to SoFi's latest financial reports and stock price the company's current Operating Margin is -4.57%. At the end of 2023 the company had an Operating Margin of -14.28%.

Operating Margin history for SoFi from 2021 to 2024

Operating Margin at the end of each year

Year Operating Margin Change
2023-14.28%-29.47%
2022-20.26%-58.54%
2021-48.86%-15.9%
2020-58.09%7.32%
2019-54.13%-42.45%
2018-94.05%

What is a company's Operating Margin

The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.