NYSE : SYF
Synchrony Financial — Financial statements
Financials · Credit Services · United States
Last price 75.35 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 23.46B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 21.93B | 21.70B | 21.60B | 19.90B | 16.88B | 15.23B |
| Interest Income on Investments | 776.00M | 903.00M | 1.05B | 808.00M | 265.00M | 43.00M |
| Total Interest Income | 22.71B | 22.60B | 22.64B | 20.71B | 17.15B | 15.27B |
| Interest Paid on Deposits | 3.08B | 3.33B | 3.81B | 2.95B | 1.01B | 566.00M |
| Interest Paid on Borrowings | 810.00M | 805.00M | 828.00M | 759.00M | 513.00M | 466.00M |
| Total Interest Expense | 3.90B | 4.13B | 4.63B | 3.71B | 1.52B | 1.03B |
| Net Interest Income | 18.81B | 18.47B | 18.01B | 17.00B | 15.62B | 14.24B |
| Gain (Loss) on Sale of Assets | 1.07B | |||||
| Other Non-Interest Income | -3.79B | -3.48B | -2.96B | -3.37B | -3.95B | -4.05B |
| Total Non-Interest Income | -3.79B | -3.48B | -1.89B | -3.37B | -3.95B | -4.05B |
| Revenues Before Loan Losses | 15.03B | 14.98B | 16.12B | 13.63B | 11.67B | 10.19B |
| Provision for Loan Losses | 5.24B | 5.22B | 6.73B | 5.96B | 3.38B | 726.00M |
| Revenue | 9.78B | 9.76B | 9.39B | 7.66B | 8.30B | 9.47B |
| Salaries and Employee Benefits | 2.11B | 2.09B | 1.87B | 1.88B | 1.68B | 1.50B |
| Selling, General & Administrative | 2.45B | 2.35B | 2.26B | 2.08B | 1.94B | 1.82B |
| Other Non-Interest Expense | 524.00M | 507.00M | 512.00M | 505.00M | 541.00M | 540.00M |
| Total Non-Interest Expense | 5.09B | 4.95B | 4.65B | 4.47B | 4.16B | 3.86B |
| EBT Excluding Unusual Items | 4.70B | 4.81B | 4.75B | 3.19B | 4.13B | 5.61B |
| Other Unusual Items | -329.00M | -189.00M | -192.00M | -288.00M | -173.00M | -104.00M |
| Pretax Income | 4.37B | 4.62B | 4.55B | 2.90B | 3.96B | 5.50B |
| Income Tax Expense | 1.03B | 1.07B | 1.05B | 666.00M | 946.00M | 1.28B |
| Net Income | 3.33B | 3.55B | 3.50B | 2.24B | 3.02B | 4.22B |
| Preferred Dividends & Other Adjustments | 91.00M | 83.00M | 72.00M | 42.00M | 42.00M | 42.00M |
| Net Income to Common | 3.24B | 3.47B | 3.43B | 2.20B | 2.97B | 4.18B |
| Basic Shares Outstanding | 336.23M | 369.90M | 396.50M | 421.20M | 480.40M | 564.60M |
| Diluted Shares Outstanding | 339.93M | 373.90M | 400.60M | 423.50M | 483.40M | 569.30M |
| EPS (Basic) | 9.64 | 9.38 | 8.64 | 5.21 | 6.19 | 7.40 |
| EPS (Diluted) | 9.54 | 9.28 | 8.55 | 5.19 | 6.15 | 7.34 |
| Dividend Per Share | 1.24 | 1.15 | 1.00 | 0.96 | 0.90 | 0.88 |
| Effective Tax Rate | 23.66% | 23.13% | 23.15% | 22.93% | 23.88% | 23.30% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 15.90B | 14.97B | 14.71B | 14.26B | 10.29B | 8.34B |
| Investment Securities | 5.24B | 4.22B | 3.73B | 3.27B | 3.88B | 2.25B |
| Mortgage-Backed Securities | 309.00M | 297.00M | 289.00M | 354.00M | 418.00M | 461.00M |
| Total Investments | 5.54B | 4.52B | 4.02B | 3.62B | 4.30B | 2.71B |
| Gross Loans | 103.35B | 103.81B | 104.72B | 102.99B | 92.47B | 80.74B |
| Allowance for Loan Losses | -10.34B | -10.44B | -10.93B | -10.57B | -9.53B | -8.69B |
| Net Loans | 93.00B | 93.37B | 93.79B | 92.42B | 82.94B | 72.05B |
| Goodwill | 1.36B | 1.36B | 1.27B | 1.02B | 1.10B | 1.10B |
| Other Intangible Assets | 1.35B | 1.25B | 854.00M | 815.00M | 742.00M | 1.17B |
| Loans Held for Sale | 4.36B | |||||
| Restricted Cash | 796.00M | 44.00M | 44.00M | 50.00M | 136.00M | 349.00M |
| Other Current Assets | 256.00M | |||||
| Long-Term Deferred Tax Assets | 2.10B | 2.08B | 2.29B | 2.19B | ||
| Other Long-Term Assets | 2.38B | 1.50B | 2.48B | 2.85B | 5.04B | 5.67B |
| Total Assets | 122.47B | 119.09B | 119.46B | 117.48B | 104.56B | 95.75B |
| Accrued Expenses | 4.14B | 3.53B | 3.39B | 4.26B | 3.90B | 5.09B |
| Interest Bearing Deposits | 69.61B | 68.45B | 70.46B | 70.79B | 64.14B | 56.91B |
| Institutional Deposits | 12.90B | 12.30B | 11.20B | 10.00B | 7.20B | 5.00B |
| Non-Interest Bearing Deposits | 438.00M | 396.00M | 398.00M | 364.00M | 399.00M | 359.00M |
| Total Deposits | 82.95B | 81.14B | 82.06B | 81.15B | 71.73B | 62.27B |
| Current Portion of Long-Term Debt | 4.50B | 2.25B | ||||
| Other Current Liabilities | 107.00M | |||||
| Long-Term Debt | 12.53B | 12.93B | 15.46B | 15.98B | 14.19B | 14.51B |
| Long-Term Unearned Revenue | 1.80B | 1.80B | 1.80B | 1.90B | 1.70B | |
| Pension & Post-Retirement Benefits | 165.00M | 165.00M | 171.00M | 163.00M | 228.00M | |
| Other Long-Term Liabilities | 507.00M | 7.00M | ||||
| Total Liabilities | 105.92B | 102.33B | 102.88B | 103.58B | 91.69B | 82.09B |
| Preferred Stock, Redeemable | 1.72B | 1.22B | 1.22B | 734.00M | 734.00M | 734.00M |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 9.91B | 9.90B | 9.85B | 9.78B | 9.72B | 9.67B |
| Retained Earnings | 26.72B | 24.60B | 21.64B | 18.66B | 16.72B | 14.24B |
| Treasury Stock | -21.70B | -18.91B | -16.07B | -15.20B | -14.17B | -10.93B |
| Comprehensive Income & Other | -98.00M | -48.00M | -59.00M | -68.00M | -125.00M | -69.00M |
| Total Common Equity | 14.83B | 15.54B | 15.36B | 13.17B | 12.14B | 12.92B |
| Shareholders' Equity | 16.55B | 16.77B | 16.58B | 13.90B | 12.87B | 13.65B |
| Total Liabilities & Equity | 122.47B | 119.09B | 119.46B | 117.48B | 104.56B | 95.75B |
| Total Debt | 17.02B | 15.18B | 15.46B | 15.98B | 14.19B | 14.51B |
| Net Cash (Debt) | -1.12B | -209.00M | -751.00M | -1.72B | -3.90B | -6.17B |
| Net Cash Per Share | -3.31 | -0.56 | -1.87 | -4.07 | -8.06 | -10.84 |
| Filing Date Shares Outstanding | 311.40M | 347.60M | 388.75M | 406.84M | 437.04M | 521.27M |
| Total Common Shares Outstanding | 310.99M | 347.40M | 388.26M | 406.88M | 438.22M | 526.83M |
| Book Value Per Share | 47.70 | 44.74 | 39.56 | 32.37 | 27.70 | 24.53 |
| Tangible Book Value | 12.12B | 12.93B | 13.23B | 11.34B | 10.29B | 10.65B |
| Tangible Book Value Per Share | 38.99 | 37.21 | 34.08 | 27.86 | 23.49 | 20.21 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.33B | 3.55B | 3.50B | 2.24B | 3.02B | 4.22B |
| Depreciation & Amortization | 523.00M | 514.00M | 481.00M | 458.00M | 419.00M | 390.00M |
| Gain (Loss) on Sale of Assets | -1.07B | |||||
| Provision for Credit Losses | 5.24B | 5.22B | 6.73B | 5.96B | 3.38B | 726.00M |
| Accrued Interest Receivable | -805.00M | -598.00M | 33.00M | -645.00M | -197.00M | 424.00M |
| Change in Other Net Operating Assets | 417.00M | 437.00M | -238.00M | 300.00M | -72.00M | 597.00M |
| Other Operating Activities | 789.00M | 721.00M | 409.00M | 277.00M | 153.00M | 741.00M |
| Operating Cash Flow | 9.55B | 9.85B | 9.85B | 8.59B | 6.69B | 7.10B |
| Cash Acquisitions | -161.00M | -161.00M | -1.94B | |||
| Investment in Securities | -1.66B | 765.00M | 805.00M | 1.39B | 118.00M | 2.09B |
| Divestitures | 491.00M | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -8.35B | -4.61B | -7.58B | -14.90B | -9.80B | -6.36B |
| Other Investing Activities | -673.00M | -852.00M | -688.00M | -722.00M | -549.00M | -549.00M |
| Investing Cash Flow | -10.84B | -4.85B | -8.90B | -14.23B | -10.23B | -4.81B |
| Long-Term Debt Issued | 4.03B | 2.44B | 3.03B | 4.96B | 3.10B | |
| Long-Term Debt Repaid | -4.33B | -2.98B | -1.26B | -5.28B | -4.39B | |
| Net Debt Issued (Repaid) | 2.58B | -295.00M | -536.00M | 1.78B | -329.00M | -1.28B |
| Repurchase of Common Stock | -3.84B | -2.94B | -1.01B | -1.11B | -3.32B | -2.88B |
| Preferred Stock Issued | 494.00M | 488.00M | ||||
| Common Dividends Paid | -420.00M | -427.00M | -398.00M | -406.00M | -434.00M | -500.00M |
| Preferred Dividends Paid | -91.00M | -83.00M | -72.00M | -42.00M | -42.00M | -42.00M |
| Total Dividends Paid | -511.00M | -510.00M | -470.00M | -448.00M | -476.00M | -542.00M |
| Net Increase (Decrease) in Deposit Accounts | 3.06B | -926.00M | 879.00M | 9.44B | 9.45B | -534.00M |
| Other Financing Activities | -85.00M | -63.00M | 36.00M | -22.00M | -44.00M | 29.00M |
| Financing Cash Flow | 1.70B | -4.74B | -611.00M | 9.63B | 5.28B | -5.20B |
| Net Cash Flow | 410.00M | 262.00M | 334.00M | 3.99B | 1.74B | -2.92B |
| Cash Interest Paid | 4.16B | 4.16B | 4.66B | 3.55B | 1.36B | 1.03B |
| Cash Income Tax Paid | 710.00M | 710.00M | 1.09B | 1.12B | 1.29B | 1.11B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 23.92B | 30.05B | 25.31B | 15.80B | 14.80B | 25.39B |
| Last Close Price | 76.82 | 82.40 | 63.08 | 36.25 | 30.27 | 41.70 |
| PE Ratio | 8.05 | 8.66 | 7.38 | 7.20 | 4.98 | 6.08 |
| PS Ratio | 2.45 | 3.08 | 2.69 | 2.06 | 1.78 | 2.68 |
| PB Ratio | 1.61 | 1.79 | 1.53 | 1.14 | 1.15 | 1.86 |
| P/OCF Ratio | 2.50 | 3.05 | 2.57 | 1.84 | 2.21 | 3.58 |
| Debt / Equity Ratio | 1.03 | 0.91 | 0.93 | 1.15 | 1.10 | 1.06 |
| Net Debt / Equity Ratio | 0.07 | 0.01 | 0.04 | 0.12 | 0.30 | 0.45 |
| Return on Equity (ROE) | 19.83% | 21.30% | 22.96% | 16.72% | 22.74% | 32.03% |
| Return on Assets (ROA) | 2.78% | 2.98% | 2.95% | 2.02% | 3.01% | 4.40% |
| Earnings Yield | 12.42% | 11.82% | 13.83% | 14.16% | 20.37% | 16.63% |
| Dividend Yield | 1.77% | 1.33% | 1.53% | 2.47% | 2.66% | 1.83% |
| Payout Ratio | 14.26% | 14.36% | 13.43% | 20.02% | 15.78% | 12.84% |
| Buyback Yield / Dilution | 11.33% | 6.67% | 5.41% | 12.39% | 15.09% | 3.64% |
| Total Shareholder Return | 13.10% | 7.99% | 6.94% | 14.86% | 17.75% | 5.46% |