SYF

MKT CAP:$27B

Synchrony Financial

Market Cap

$27B

Financial Services·Financial - Credit Services·🇺🇸 United States·NYSE

Financials·Financial·🇺🇸·NYSE

Stock Price

$76.44-$8.21 (-9.70%)

Apr 24, 2026

Company Details

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The ...

CEO

Brian D. Doubles

IPO Date

Jul 31, 2014

Website

www.synchrony.com

Key Metrics TTM

Revenue

$19.9B

+1.6% YoY

Net Income

$3.6B

EPS (Diluted)

$9.67

Free Cash Flow

$9.9B

Revenue / Share

$57.56

Gross Margin

61.1%

Operating Margin

22.9%

Net Margin

18.1%

FCF Margin

49.5%

P/S

1.3x

P/E

7.4x

Earnings Reports

Q1 2026

Apr 21, 2026

NEW

$5.6B+16.6%EPS $2.27

FY 2025

Feb 6, 2026

$19.1B-7.9%EPS $9.29

Q4 2025

Feb 6, 2026

$4.8B-3.1%EPS $2.04

Q3 2025

Oct 22, 2025

$4.8B-3.1%EPS $2.86

Q2 2025

Jul 23, 2025

$4.7B-3.6%EPS $2.50

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$3.1B	$2.1B	$1.1B
Q3 22	$3.3B	$2.0B	$922M
Q4 22	$3.7B	$1.9B	$741M
Q1 23	$3.9B	$1.9B	$790M
Q2 23	$4.2B	$1.9B	$742M
Q3 23	$4.5B	$2.0B	$833M
Q4 23	$4.7B	$1.9B	$539M
Q1 24	$4.9B	$1.8B	$1.7B
Q2 24	$4.9B	$2.0B	$844M
Q3 24	$5.0B	$2.2B	$1.0B
Q4 24	$4.9B	$2.2B	$973M
Q1 25	$4.8B	$2.2B	$984M
Q2 25	$4.7B	$2.5B	$1.3B
Q3 25	$4.8B	$2.7B	$1.4B
Q4 25	$4.8B	$2.4B	$952M
Q1 26	$5.6B	$4.6B	$914M

Valuation

Quarter	P/S	P/E
Q2 22	1.2x	3.9x
Q3 22	1.1x	4.1x
Q4 22	1.1x	4.7x
Q1 23	0.9x	4.6x
Q2 23	0.9x	5.8x
Q3 23	0.8x	5.3x
Q4 23	0.9x	7.1x
Q1 24	0.9x	5.7x
Q2 24	1.0x	6.3x
Q3 24	1.0x	6.4x
Q4 24	1.3x	7.6x
Q1 25	1.1x	7.3x
Q2 25	1.4x	8.3x
Q3 25	1.4x	7.7x
Q4 25	1.7x	9.0x
Q1 26	1.2x	6.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$1.4B	$1.4B
Q2 22	$1.8B	$1.8B
Q3 22	$1.6B	$1.6B
Q4 22	$1.8B	$1.8B
Q1 23	$1.9B	$1.9B
Q2 23	$1.9B	$1.9B
Q3 23	$2.5B	$2.5B
Q4 23	$2.3B	$2.3B
Q1 24	$2.2B	$2.2B
Q2 24	$2.5B	$2.5B
Q3 24	$2.8B	$2.8B
Q4 24	$2.4B	$2.4B
Q1 25	$2.2B	$2.2B
Q2 25	$2.6B	$2.6B
Q3 25	$2.6B	$2.6B
Q4 25	$2.5B	$2.5B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+18.2%	+103.8%
Q3 22	+22.1%	+96.3%
Q4 22	+25.1%	+55.0%
Q1 23	+30.0%	+75.3%
Q2 23	+33.4%	+66.1%
Q3 23	+34.2%	+51.0%
Q4 23	+28.3%	+42.3%
Q1 24	+24.4%	+1.3%
Q2 24	+16.5%	+17.1%
Q3 24	+11.7%	+9.0%
Q4 24	+3.7%	-6.1%
Q1 25	-1.8%	+20.0%
Q2 25	-3.6%	-14.6%
Q3 25	-3.1%	-14.1%
Q4 25	-3.1%	-3.3%
Q1 26	+16.6%	+22.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$404M	$135M
Q3 22	$416M	$115M
Q4 22	$459M	$121M
Q1 23	$451M	$131M
Q2 23	$451M	$133M
Q3 23	$444M	$125M
Q4 23	$495M	$138M
Q1 24	$496M	$125M
Q2 24	$434M	$129M
Q3 24	$464M	$123M
Q4 24	$435M	$147M
Q1 25	$506M	$116M
Q2 25	$509M	$127M
Q3 25	$503M	$120M
Q4 25	$575M	$148M
Q1 26	$1.2B	$114M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$10.7B	$5.0B	$15.7B
Q3 22	$12.0B	$5.1B	$17.0B
Q4 22	$10.3B	$4.9B	$15.2B
Q1 23	$15.3B	$4.0B	$19.3B
Q2 23	$12.7B	$4.3B	$17.0B
Q3 23	$15.6B	$2.9B	$18.5B
Q4 23	$14.3B	$3.8B	$18.1B
Q1 24	$20.0B	$3.0B	$23.0B
Q2 24	$18.6B	$2.7B	$21.3B
Q3 24	$17.9B	$2.3B	$20.3B
Q4 24	$14.7B	$3.1B	$17.8B
Q1 25	$21.6B	$2.7B	$24.4B
Q2 25	$19.5B	$2.9B	$22.4B
Q3 25	$16.2B	$2.7B	$19.0B
Q4 25	$15.0B	$2.3B	$17.3B
Q1 26	$20.6B	$0	$20.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	495M	-4.7%	-14.9%
Q3 22	471M	-5.0%	-16.8%
Q4 22	449M	-4.6%	-17.3%
Q1 23	437M	-2.6%	-15.8%
Q2 23	424M	-3.0%	-14.4%
Q3 23	418M	-1.4%	-11.1%
Q4 23	415M	-0.9%	-7.6%
Q1 24	408M	-1.5%	-6.6%
Q2 24	403M	-1.4%	-5.1%
Q3 24	397M	-1.5%	-5.2%
Q4 24	395M	-0.4%	-4.8%
Q1 25	389M	-1.4%	-4.6%
Q2 25	379M	-2.6%	-5.8%
Q3 25	379M	+0.1%	-4.3%
Q4 25	358M	-5.7%	-9.4%
Q1 26	346M	-3.3%	-11.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$314.5K	10K
Q3 22	$332.9K	10K
Q4 22	$388.9K	10K
Q1 23	$414.1K	10K
Q2 23	$441.6K	10K
Q3 23	$470.2K	10K
Q4 23	$412.3K	12K
Q1 24	$425.4K	12K
Q2 24	$425.1K	12K
Q3 24	$433.9K	12K
Q4 24	$245.9K	20K
Q1 25	$240.2K	20K
Q2 25	$235.6K	20K
Q3 25	$241.7K	20K
Q4 25	$238.3K	20K
Q1 26	$280.1K	20K

Revenue / Employee