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Bread Financial Holdings, Inc.

BFH Financial Credit Services

Bread Financial Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, down 1.90% from fiscal 2024.

Revenue
+2.96%
EPS
−1.26%
Free cash flow
+0.17%
Total debt
−17.2%

Quarter to September 2026, against a year earlier

103.14 1.69 −1.61%
Market cap
$3.9B
P/E
8.0×
Fwd P/E
8.0×
Dividend yield
0.89%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.19
Sold, $m 2.51
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 1 — — — 1 1 —
Sell — — — — 1 1 — 1 — — — —
Insider Ownership 3.94%

Capital & Financial Ratios $m

Size
Market Cap 3,890.00
Revenue ttm 4,786.00
Net income ttm 537.00
Free cash flow ttm 2,171.00
Net debt Q (17,581.00)
Valuation
P/E 7.99
Forward P/E 8.01
Price / sales 0.83
Forward P/S Powerpack
Price / FCF 1.82
Price / book 1.15
Financial health
Current ratio Q 1.16
Debt / equity Q 0.91
Interest coverage Q 4.70
Growth
Revenue growth Q +2.96% (above 0%: growing)
Operating income growth Q +3.88% (above 0%: growing)
EPS, this year +8.30%
EPS, next year A +6.73%
Revenue, next year A −14.31% (below 0%: weak)
EPS, past 5 yrs +19.55% (at or above 15%: strong)
EPS, next 5 yrs A +9.92%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 45.80%
10-year low 10-year high
P/S against its own 10 years 50.06%
10-year low 10-year high
P/B against its own 10 years 38.25%
10-year low 10-year high

Dividends

Yield
0.89%
Annual rate
0.92
Payout ratio
7.26%
Growth, 2017–25
−7.89%/yr
  1. 1.66 ’17
  2. 1.82 ’18 +10
  3. 2.01 ’19 +11
  4. 1.01 ’20 −50
  5. 0.71 ’21 −29
  6. 0.84 ’22 +18
  7. 0.84 ’23 +0
  8. 0.84 ’24 +0
  9. 0.86 ’25 +2
  10. 0.93 ’26e +8
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 20,595 20,334 20,303 20,715
Receivables — — — —
Inventory — — — —
Other — — — —
20,595 20,334 20,303 20,715
2023 2024 2025 Q'26
Payables — — — —
ST’ Debt 3,898 4,558 3,422 2,320
Other 13,620 13,082 13,916 15,502
17,518 17,640 17,338 17,822

Compound Annual Growth %

10y 5y 3y
Sales (3.11%) 4.34% 2.75%
Cash Flow 1.74% 2.13% 4.22%
Earnings (0.62%) 19.34% 32.44%
Book Value 5.17% 16.93% 13.67%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 3.26 Actual 3.84

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.40 2.07 Beat by 1.67
Q1 FY26 3.00 4.18 Beat by 1.18
Q2 FY26 2.52 3.55 Beat by 1.03
Q3 FY26 3.26 3.84 Beat by 0.58
Q4 FY26 1.27 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 4.15 3.55 3.82 — —
’25 2.78 2.94 3.96 1.16 10.89
’24 2.70 2.66 0.05 0.14 5.49
’23 9.08 0.95 3.42 0.87 14.34
’22 4.20 0.25 2.69 (2.68) 4.46
’21 5.74 5.47 4.47 0.34 16.02
’20 0.63 0.81 2.79 0.25 4.46
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,211 1,188 1,216 — —
’25 1,195 1,149 1,181 1,171 4,696
’24 1,239 1,175 1,219 1,154 4,787
’23 1,277 1,157 1,250 1,254 4,938
’22 1,000 988 1,112 1,229 4,329
’21 909 864 942 930 3,645
’20 1,382 979 1,051 385 3,797
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 487 533 601 — —
’25 393 526 605 568 2,092
’24 447 477 456 479 1,859
’23 398 343 629 617 1,987
’22 497 246 608 497 1,848
’21 517 216 475 335 1,543
’20 573 495 421 394 1,883
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 480 529 598 — —
’25 388 519 597 564 2,068
’24 430 468 453 472 1,823
’23 387 337 619 596 1,939
’22 474 222 597 483 1,776
’21 505 193 451 314 1,463
’20 557 485 409 378 1,829
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 7,138 5,475 5,667 4,688 3,797 3,645 4,329 4,938 4,787 4,696 4,786 (4.5%) 4,024 4,152 4,300 (2.9%)
Gross margin, % 40.08 54.89 55.23 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 +59.9 pt
EBT 837 1,063 1,215 662 301 1,044 300 968 381 615 697 (3.4%)
EBT margin, % 11.73 19.41 21.44 14.12 7.93 28.64 6.93 19.60 7.96 13.10 14.56 +1.4 pt
Net income 518 789 963 278 214 801 223 718 277 518 537 0.0%
Per share, $
Per share, $ Revenue 121.81 98.29 103.22 93.76 79.44 73.34 86.75 99.16 96.51 100.34 124.96 (2.1%)
Earnings 7.37 14.17 17.56 5.38 4.47 16.09 4.47 14.39 5.58 11.07 12.91 +4.6%
Cash flow 36.30 46.66 50.18 24.36 39.39 31.05 37.03 39.90 37.48 44.70 57.15 +2.3%
Capex (3.53) (4.05) (3.64) (2.84) (1.13) (1.61) (1.44) (0.96) (0.73) (0.51) (0.47) (19.3%)
Free cash flow 32.77 42.62 46.54 21.52 38.26 29.44 35.59 38.94 36.75 44.19 56.68 +3.4%
Book value 28.30 33.31 42.48 31.77 31.84 41.97 45.39 58.59 61.51 71.09 89.74 +10.8%
Shares, m 59 56 55 50 48 50 50 50 50 47 42 (2.5%)
Valuation, ×
Valuation, × P/E 25.56 14.48 6.87 15.03 13.32 4.13 8.49 2.30 10.92 6.77 7.99 10.8
P/S 1.54 2.09 1.17 0.96 0.75 0.91 0.44 0.33 0.63 0.74 0.83 1.0
P/B 6.63 6.17 2.84 2.84 1.87 1.59 0.84 0.56 0.99 1.04 1.15 2.5
EV/Sales 4.20 6.02 4.93 4.88 2.25 2.11 1.39 (2.77) (2.45) (2.67) — 1.8
EV/FCF 15.62 13.89 10.93 21.27 4.67 5.26 3.38 (7.04) (6.44) (6.06) — 5.5
Cash, $m
Cash, $m Operating cash flow 2,127 2,599 2,755 1,218 1,883 1,543 1,848 1,987 1,859 2,092 2,189 (0.2%)
Capex (207) (225) (200) (142) (54) (80) (72) (48) (36) (24) (18) (21.3%)
Free cash flow 1,920 2,374 2,555 1,076 1,829 1,463 1,776 1,939 1,823 2,068 2,171 +0.8%
Balance, $m
Balance, $m Working capital 10,360 14,559 13,228 12,241 2,069 2,133 2,851 3,077 2,694 2,965 2,893 (13.0%)
Net debt 19,090 21,628 21,353 18,411 5,720 4,393 4,116 (15,303) (14,777) (15,995) (17,581) n/m
Shareholders’ equity 1,658 1,855 2,332 1,588 1,522 2,086 2,265 2,918 3,051 3,327 3,437 +8.0%
Returns, %
Returns, % ROA 2.16 2.81 3.15 0.95 0.87 3.62 0.95 2.96 1.20 2.27 2.34 +0.1 pt
ROIC 3.81 4.04 4.64 11.46 25.36 26.35 31.90 0.00 0.00 0.00 0.00 (3.8) pt
ROE 28.12 44.90 46.00 13.72 13.76 44.40 10.25 27.71 9.28 16.24 15.58 (11.9) pt
People
People Employees 17,000 20,000 20,000 8,500 8,000 6,000 7,500 7,000 6,000 6,000 — (10.9%)
Revenue/emp, $m 0.42 0.27 0.28 0.55 0.47 0.61 0.58 0.71 0.80 0.78 — +7.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Bread Financial Holdings, Inc. vs peers in Credit Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
OMF OneMain Holdings, Inc. $6.5B 8.7× 8.7× +9.52% (above 0%: growing) −4.19% (below 0%: shrinking) −2.42% (below 0%: shrinking) 79.74% 0.00% Compare
CACC Credit Acceptance Corporation $5.3B 16.7× 8.8× +2.09% (above 0%: growing) n/m +11.81% (above 0%: growing) 100.00% 8.63% Compare
SEZL Sezzle Inc. $5.2B 28.6× 25.6× +42.56% (above 0%: growing) +82.05% (above 0%: growing) −101.48% (below 0%: shrinking) 0.00% 38.59% Compare
NNI Nelnet, Inc. $4.5B 16.8× 16.5× −22.95% (below 0%: shrinking) −27.55% (below 0%: shrinking) +575.59% (above 0%: growing) 79.01% 0.00% Compare
ENVA Enova International, Inc. $4.3B 11.3× 11.0× +25.73% (above 0%: growing) +33.85% (above 0%: growing) +11.38% (above 0%: growing) 60.88% 24.50% Compare
BFH Bread Financial Holdings, Inc. $3.9B 8.0× 8.0× +2.96% (above 0%: growing) −1.26% (below 0%: shrinking) +0.17% (above 0%: growing) 100.00% 76.97%
SLM SLM Corporation $3.2B 6.3× 8.9× −21.40% (below 0%: shrinking) n/m −115.63% (below 0%: shrinking) 57.53% 0.00% Compare
UPST Upstart Holdings, Inc. $2.2B 38.2× 33.9× −25.21% (below 0%: shrinking) −0.30% (below 0%: shrinking) +107.56% (above 0%: growing) 82.03% 8.54% Compare
AGM Federal Agricultural Mortgage Corporation $2.1B 10.8× 9.8× +12.93% (above 0%: growing) +20.67% (above 0%: growing) +188.57% (above 0%: growing) 27.34% 0.00% Compare
Median of peers $4.4B 14.0× 10.4× +5.81% +10.19% +11.60% 69.95% 4.27%

All 53 Credit Services stocks →

Pay and ownership Proxy statement filed 7 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 11.92m 19.24m 136.65
2024 10.64m 21.61m 111.05
2023 7.70m 7.66m 58.79
2022 8.69m 3.61m 65.46
2021 11.18m 11.25m 113.68

Ownership

Directors and executive officers, together 1.30%
The Vanguard Group, Inc. 13.60%
BlackRock, Inc. 11.90%
Dimensional Fund Advisors LP 7.20%
Turtle Creek Asset Management Inc. Scotia Plaza, 6.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Bread Financial Holdings, Inc. (BFH) Latest News

29 Oct

Impact 4 · · The Motley Fool
Impact 3 · · Simply Wall St.

27 Oct

Impact 4 · · GlobeNewswire
Impact 4 · · GlobeNewswire
Impact 3 · · Zacks

24 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 3 · · StockStory

23 Oct

Impact 4 · · StockStory

22 Oct

Impact 4 · · Moby transcript
Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool transcript
Impact 4 · · GlobeNewswire
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Associated Press
Impact 3 · · GlobeNewswire
Impact 3 · · GlobeNewswire
Impact 3 · · GlobeNewswire

21 Oct

Impact 3 · · Zacks
Impact 3 · · StockStory

20 Oct

Impact 3 · · Zacks

15 Oct

Impact 3 · · Zacks

14 Oct

Impact 3 · · Zacks

9 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Simply Wall St.

BFH metrics, ten years each

stockrow.com/BFH · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com