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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. In the quarter to June 2026, revenue grew 3.39%, EPS grew 21.9%, free cash flow grew 1.93% and total debt fell 22.3%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.

102.56 1.25 +1.23%
Market cap
$3.9B
P/E
7.9×
Fwd P/E
8.2×
Dividend yield
0.90%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.06
Total sells 2.51
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — 1 — — — 1 —
Sell — — — — — 1 1 — 1 — — —
Insider Ownership 6.69%

Capital & Financial Ratios $m

Market Cap 3,890.00
Revenue 4,751.00
Net Income 570.00
Free Cash Flow 2,170.00
Net Debt (16,800.00)
Current Ratio 1.17
Debt/Equity 0.98
P/E ratio 7.91
Fwd P/E 8.20
P/S ratio 0.86
P/B ratio 1.22
Past 5Y EPS Growth 19.55% (at or above 15%: strong)
This Y EPS Growth 1.05%
Next Y EPS Growth 12.52%
Next Y revenue growth (14.52%) (below 0%: weak)
Next 5Y EPS Growth 9.80%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 45.52%
10-year low 10-year high
P/S against its own 10 years 51.82%
10-year low 10-year high
P/B against its own 10 years 40.10%
10-year low 10-year high

Dividends

Payout Ratio 0.07
Annual Dividend Rate 0.92
Annual Dividend Yield 0.90%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.93
0.23
0.23
0.23
2025 0.86
0.21
0.21
0.21
0.23
2024 0.84
0.21
0.21
0.21
0.21
2023 0.84
0.21
0.21
0.21
0.21
2022 0.84
0.21
0.21
0.21
0.21
2021 0.71
0.17
0.17
0.17
0.21
2020 1.01
0.50
0.17
0.17
0.17
2019 2.01
0.50
0.50
0.50
0.50
2018 1.82
0.45
0.45
0.45
0.45
2017 1.66
0.42
0.42
0.42
0.42
2016 0.42
0.42
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 20,595 20,334 20,303 20,085
Receivables — — — —
Inventory — — — —
Other — — — —
20,595 20,334 20,303 20,085
2023 2024 2025 Q'26
Payables — — — —
ST’ Debt 3,898 4,558 3,422 2,447
Other 13,620 13,082 13,916 14,732
17,518 17,640 17,338 17,179

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%

Revenue $m

Mar Jun Sep Dec Year
’26 1,211 1,188 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 4.15 3.55 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 140.97 166.80 113.79 79.17 16.37 52.10 28.85 23.19 28.00 38.21

Analyst estimates 2026–2028

Powerpack
High 220.22 212.49 222.13 146.01 92.27 102.28 75.60 44.52 66.71 78.98
People
People Employees 17,000 20,000 20,000 8,500 8,000 6,000 7,500 7,000 6,000 6,000
Revenue/emp, $m 0.42 0.27 0.28 0.55 0.47 0.61 0.58 0.71 0.80 0.78
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
Gross margin, % 40.08 54.89 55.23 100.00 100.00 100.00 100.00 100.00 100.00 100.00
EBT 837 1,063 1,215 662 301 1,044 300 968 381 615
EBT margin, % 11.73 19.41 21.44 14.12 7.93 28.64 6.93 19.60 7.96 13.10
Net income 518 789 963 278 214 801 223 718 277 518
Depreciation 547 542 535 533 294 229 223 234 203 171
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
Earnings 7.37 14.17 17.56 6.02 4.47 16.09 4.47 14.39 5.58 11.07
Cash flow 36.30 46.66 50.18 24.36 39.39 31.05 37.03 39.90 37.48 44.70
Capex (3.53) (4.05) (3.64) (2.84) (1.13) (1.61) (1.44) (0.96) (0.73) (0.51)
Free cash flow 32.77 42.62 46.54 21.52 38.26 29.44 35.59 38.94 36.75 44.19
Book value 28.30 33.31 42.48 31.77 31.84 41.97 45.39 58.59 61.51 71.09
Shares, m 59 56 55 50 48 50 50 50 50 47
Valuation, ×
Valuation, × P/E 25.34 14.35 6.81 14.90 13.20 4.13 8.49 2.30 10.92 6.77
P/S 1.53 2.07 1.16 0.96 0.74 0.91 0.44 0.33 0.63 0.74
P/B 6.57 6.12 2.82 2.82 1.86 1.59 0.84 0.56 0.99 1.04
EV/Sales 4.20 6.02 4.93 4.88 2.25 2.11 1.39 (2.77) (2.45) (2.67)
EV/FCF 15.62 13.89 10.93 21.27 4.67 5.26 3.38 (7.04) (6.44) (6.06)
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
Capex (207) (225) (200) (142) (54) (80) (72) (48) (36) (24)
Free cash flow 1,920 2,374 2,555 1,076 1,829 1,463 1,776 1,939 1,823 2,068
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
Total debt 20,949 25,818 25,171 22,286 8,516 7,439 8,007 5,292 5,557 4,308
Net debt 19,090 21,628 21,353 18,411 5,720 4,393 4,116 (15,303) (14,777) (15,995)
Shareholders’ equity 1,658 1,855 2,332 1,588 1,522 2,086 2,265 2,918 3,051 3,327
Returns, %
Returns, % ROA 2.16 2.81 3.15 0.95 0.87 3.62 0.95 2.96 1.20 2.27
ROIC 3.81 4.04 4.64 11.46 25.36 26.35 31.90 0.00 0.00 0.00
ROE 28.12 44.90 46.00 13.72 13.76 44.40 10.25 27.71 9.28 16.24
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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. $6.4B 8.4× 7.6× +7.19% (above 0%: growing) −5.71% (below 0%: shrinking) +3.36% (above 0%: growing) 79.93% 0.00% Compare
CACC Credit Acceptance Corporation $5.7B 11.7× 10.5× +0.62% (above 0%: growing) +71.79% (above 0%: growing) +120.88% (above 0%: growing) 100.00% 50.07% Compare
KLAR Klarna Group plc $5.1B — (loss-making) 8.2× +26.61% (above 0%: growing) n/m −129.24% (below 0%: shrinking) 61.23% 2.59% Compare
NNI Nelnet, Inc. $4.6B 15.3× 15.0× −22.95% (below 0%: shrinking) −62.78% (below 0%: shrinking) −52.33% (below 0%: shrinking) 79.01% 0.00% Compare
SEZL Sezzle Inc. $4.5B 27.0× 22.8× +51.65% (above 0%: growing) +47.56% (above 0%: growing) +131.47% (above 0%: growing) 82.87% 36.72% Compare
ENVA Enova International, Inc. $4.4B 12.4× 11.3× +21.58% (above 0%: growing) +40.20% (above 0%: growing) +21.85% (above 0%: growing) 61.15% 25.53% Compare
SLM SLM Corporation $4.2B 6.0× 7.1× −1.93% (below 0%: shrinking) −9.38% (below 0%: shrinking) +2.81% (above 0%: growing) 59.84% 0.00% Compare
BFH Bread Financial Holdings, Inc. $3.9B 7.9× 8.2× +3.39% (above 0%: growing) +21.89% (above 0%: growing) +1.93% (above 0%: growing) 100.00% 76.43%
UPST Upstart Holdings, Inc. $2.4B 38.0× 32.5× +41.75% (above 0%: growing) +183.33% (above 0%: growing) −14.74% (below 0%: shrinking) 83.19% 4.01% Compare
Median of peers $4.5B 12.4× 10.9× +14.39% +40.20% +3.09% 79.47% 3.30%

All 55 Credit Services stocks →

Bread Financial Holdings, Inc. (BFH) key facts

  • Concern: Bread Financial Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, down 1.90% from fiscal 2024.
  • Bread Financial Holdings, Inc. (BFH) is a Credit Services company in the Financial sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, BFH traded at $102.56, a market capitalization of $3.9 billion.
  • Bread Financial Holdings, Inc. pays an annual dividend of $0.92 per share, a yield of 0.90%, with a payout ratio of 7.18%.
  • Return on equity was 16.2% and debt-to-equity 0.98.
  • Its Piotroski F-score is 7 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Bread Financial Holdings, Inc. (BFH) Latest News

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stockrow.com/BFH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com