According to SoFi's latest financial reports and stock price the company's current Operating Margin is 7.82%. At the end of 2024 the company had an Operating Margin of 8.93%.
Year | Operating Margin | Change |
---|---|---|
2024 | 8.93% | -162.53% |
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% |
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.