SoFi Technologies is expected to increase its fee revenue from $260 million in 2021 to $1.5 billion by 2025. This growth will represent more than 40% of the company’s total adjusted revenue, highlighting a shift in its business model.
The company’s expanding fee-based income is seen as a key driver of its overall financial performance. Investors are closely watching these developments as SoFi continues to diversify its revenue streams.
**Why this matters**
The projected increase in fee revenue indicates SoFi’s potential for more stable and recurring income, which can enhance profitability. This shift may also reduce reliance on interest income and support long-term growth prospects for the company.
Source: NewsData