Saturday 17 October 2026 Export SLM’s income statement to Excel — free account

SLM Corporation

SLM Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 4.10% from fiscal 2024. In the quarter to June 2026, revenue fell 1.93%, EPS fell 9.38%, free cash flow grew 2.81% and total debt fell 8.84%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three.

21.81 0.41 −1.85%

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Market cap: $4.2B
P/E: 6.0×
Fwd P/E: 7.1×
Dividend yield: 2.38%
F-score: 6/9
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

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 2.48%

Capital & Financial Ratios $m

Market Cap 4,180.00

Revenue 3,068.38

Net Income 735.51

Free Cash Flow (324.59)

Net Debt 993.19

Current Ratio 1.33

Debt/Equity 2.36

P/E ratio 6.01

Fwd P/E 7.11

P/S ratio 1.34

P/B ratio 1.85

Past 5Y EPS Growth 8.99%

This Y EPS Growth (9.83%)

Next Y EPS Growth 8.18%

Next Y revenue growth (54.08%)

Next 5Y EPS Growth 3.29%

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

Valuation vs history

P/E against its own 10 years 18.87%

10-year low 10-year high

P/S against its own 10 years 9.62%

10-year low 10-year high

P/B against its own 10 years 22.30%

10-year low 10-year high

Dividends

Payout Ratio 0.15

Annual Dividend Rate 0.52

Annual Dividend Yield 2.38%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.53	0.13 0.13 0.13
2025	0.52	0.13 0.13 0.13 0.13
2024	0.46	0.11 0.11 0.11 0.13
2023	0.44	0.11 0.11 0.11 0.11
2022	0.44	0.11 0.11 0.11 0.11
2021	0.20	0.03 0.03 0.03 0.11
2020	0.12	0.03 0.03 0.03 0.03
2019	0.12	0.03 0.03 0.03 0.03
2018	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	4,354	4,928	4,468	4,851
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	26,407	27,802	27,643	26,530

	2023	2024	2025	Q'26
Payables	21,653	21,069	21,060	19,895
ST’ Debt	—	—	—	—
Other	—	—	—	—
	21,653	21,069	21,559	19,895

Compound Annual Growth %

	10y	5y	3y
Sales	11.86%	5.73%	9.54%
Cash Flow	0.00%	0.00%	0.00%
Earnings	11.09%	(3.49%)	16.60%
Book Value	1.58%	(0.89%)	12.38%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	834	670	—	—	—
’25	862	684	830	734	3,110
’24	838	783	677	689	2,987
’23	659	778	676	726	2,839
’22	487	721	615	543	2,366
’21	850	487	461	611	2,409
’20	867	514	492	480	2,353

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(76)	(135)	—	—	—
’25	(146)	(139)	(49)	(64)	(399)
’24	(77)	(144)	(113)	5	(329)
’23	9	(67)	(59)	(27)	(145)
’22	63	(60)	3	(1)	5
’21	46	(226)	85	46	(50)
’20	144	(207)	(147)	26	(183)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(76)	(135)	—	—	—
’25	(146)	(139)	(49)	(64)	(399)
’24	(77)	(144)	(113)	5	(329)
’23	9	(67)	(59)	(27)	(145)
’22	63	(60)	3	(1)	5
’21	46	(226)	85	46	(50)
’20	144	(207)	(147)	26	(183)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.54	0.29	—	—	—
’25	1.40	0.32	0.63	1.12	3.46
’24	1.27	1.11	(0.23)	0.50	2.68
’23	0.47	1.10	0.11	0.72	2.41
’22	0.45	1.29	0.29	(0.33)	1.76
’21	1.75	0.44	0.24	1.04	3.61
’20	0.87	(0.23)	0.45	1.13	2.25

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	5.09	9.65	7.95	7.76	5.60	12.03	13.72	10.81	18.04	23.81	Analyst estimates 2026–2028 Powerpack
	High	11.65	13.20	12.46	11.53	12.55	21.40	20.88	19.36	28.24	34.97
People
People	Employees	1,300	1,500	1,700	1,900	1,600	1,450	1,700	1,740	1,710	1,788
	Revenue/emp, $m	0.88	0.96	1.11	1.25	1.47	1.66	1.39	1.63	1.75	1.74
Income, $m
Income, $m	Revenue	1,146	1,434	1,883	2,380	2,353	2,409	2,366	2,839	2,987	3,110
	Gross margin, %	83.78	78.52	72.27	70.26	76.98	84.14	77.06	63.72	61.90	63.81
	EBT	414	491	559	744	1,154	1,540	631	778	799	993
	EBT margin, %	36.16	34.26	29.70	31.25	49.04	63.93	26.66	27.41	26.73	31.92
	Net income	250	289	487	578	881	1,161	469	581	608	745
	Depreciation	29	32	41	49	68	57	56	109	47	45
Per share, $
Per share, $	Revenue	2.68	3.33	4.33	5.57	6.13	7.65	9.16	12.27	13.82	15.01
	Earnings	0.54	0.63	1.08	1.31	2.27	3.67	1.78	2.44	2.73	3.52
	Cash flow	(0.47)	(0.40)	(0.24)	(0.04)	(0.48)	(0.16)	0.02	(0.62)	(1.52)	(1.92)
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	(0.47)	(0.40)	(0.24)	(0.04)	(0.48)	(0.16)	0.02	(0.62)	(1.52)	(1.92)
	Book value	5.49	5.74	6.83	7.75	6.68	6.82	6.68	8.13	9.99	11.83
	Shares, m	428	431	435	427	384	315	258	231	216	207
Valuation, ×
Valuation, ×	P/E	21.42	18.00	7.69	6.80	5.51	5.59	9.61	7.95	10.21	7.67
	P/S	4.24	3.41	1.92	1.60	2.02	2.57	1.81	1.57	2.00	1.80
	P/B	2.73	2.36	1.41	1.31	2.06	3.26	2.89	2.73	3.12	2.55
	EV/Sales	4.41	4.55	2.77	1.03	2.26	3.13	1.98	1.87	2.50	2.09
	EV/FCF	(25.38)	(38.15)	(50.79)	(156.03)	(29.11)	(152.34)	937.17	(36.81)	(22.70)	(16.31)
Cash, $m
Cash, $m	Operating cash flow	(199)	(171)	(103)	(16)	(183)	(50)	5	(145)	(329)	(399)
	Capex	—	—	—	—	—	—	—	—	—	—
	Free cash flow	(199)	(171)	(103)	(16)	(183)	(50)	5	(145)	(329)	(399)
Balance, $m
Balance, $m	Working capital	4,700	5,834	7,282	7,324	5,810	5,549	4,622	4,753	6,733	6,085
	Total debt	2,168	3,275	4,284	4,354	5,189	5,931	5,235	5,228	6,440	5,362
	Net debt	195	1,639	1,602	(1,367)	563	1,348	406	874	1,513	895
	Shareholders’ equity	2,347	2,474	2,973	3,312	2,563	2,150	1,727	1,881	2,160	2,451
Returns, %
Returns, %	ROA	1.36	1.36	1.95	1.89	2.75	3.85	1.59	1.94	1.99	2.44
	ROIC	10.19	7.47	7.64	23.90	23.60	27.54	18.71	19.17	13.68	18.61
	ROE	13.83	14.17	20.31	20.47	33.35	54.90	27.26	36.30	33.35	35.49

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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%
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%	Compare
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%	+2.65%	81.40%	14.77%

All 55 Credit Services stocks →

SLM Corporation (SLM) key facts

Strength: SLM Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 4.10% from fiscal 2024.
SLM Corporation (SLM) is a Credit Services company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, SLM traded at $21.81, a market capitalization of $4.2 billion.
SLM Corporation pays an annual dividend of $0.52 per share, a yield of 2.38%, with a payout ratio of 14.5%.
Return on equity was 35.5% and debt-to-equity 2.36.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.