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Synchrony Financial

SYF Financial Credit Services

Synchrony Financial’s revenue for fiscal 2025 (year ended December 2025) was $23.1 billion, down 4.32% from fiscal 2024.

Revenue
+0.60%
EPS
−6.23%
Free cash flow
−5.27%
Total debt
+18.0%

Quarter to September 2026, against a year earlier

74.45 0.58 −0.77%
Market cap
$23.1B
P/E
7.7×
Fwd P/E
7.9×
Dividend yield
1.72%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Insider Decisions last twelve months

Sold, $m 43.64
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 7 8 — 4 — — 4 — — —
Insider Ownership 2.91%

Capital & Financial Ratios $m

Size
Market Cap 23,070.00
Revenue ttm 23,209.00
Net income ttm 3,333.00
Free cash flow ttm 9,555.00
Net debt Q 1,124.00
Valuation
P/E 7.69
Forward P/E 7.90
Price / sales 1.02
Forward P/S Powerpack
Price / FCF 2.49
Price / book 1.60
Financial health
Current ratio Q 1.23
Debt / equity Q 1.03
Interest coverage Q —
Growth
Revenue growth Q +0.60% (above 0%: growing)
Operating income growth Q −17.35% (below 0%: shrinking)
EPS, this year +2.33%
EPS, next year A +9.74%
Revenue, next year A −34.49% (below 0%: weak)
EPS, past 5 yrs +32.53% (at or above 15%: strong)
EPS, next 5 yrs A +8.12%

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 48.37%
10-year low 10-year high
P/S against its own 10 years 32.93%
10-year low 10-year high
P/B against its own 10 years 46.31%
10-year low 10-year high

Dividends raised 5 years running

Yield
1.72%
Annual rate
1.28
Payout ratio
13.4%
Growth, 2018–26
+7.46%/yr
  1. 0.72 ’18
  2. 0.86 ’19 +19
  3. 0.88 ’20 +2
  4. 0.88 ’21 +0
  5. 0.90 ’22 +2
  6. 0.96 ’23 +7
  7. 1.00 ’24 +4
  8. 1.15 ’25 +15
  9. 1.28 ’26 +11
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 14,259 14,711 14,973 15,901
Receivables — — — —
Inventory — — — —
Other — — — —
106,676 108,503 108,339 108,906
2023 2024 2025 Q'26
Payables 81,153 82,062 81,144 82,951
ST’ Debt — — — —
Other — — — —
87,487 87,421 87,147 88,894

Compound Annual Growth %

10y 5y 3y
Sales 5.43% 7.02% 9.68%
Cash Flow 4.77% 5.64% 13.74%
Earnings 4.59% 20.90% 5.27%
Book Value 2.89% 5.71% 9.21%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.48 Actual 2.68

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 2.01 2.18 Beat by 0.17
Q1 FY26 2.27 2.27 Met by 0.00
Q2 FY26 2.08 2.59 Beat by 0.51
Q3 FY26 2.48 2.68 Beat by 0.20
Q4 FY26 2.00 — Reports 26 January 2027

EPS $

Mar Jun Sep Dec Year
’26 2.27 2.59 2.68 — —
’25 1.89 2.50 2.86 2.04 9.28
’24 3.14 1.55 1.94 1.91 8.55
’23 1.35 1.32 1.48 1.03 5.19
’22 1.77 1.60 1.47 1.26 6.15
’21 1.73 2.12 2.00 1.48 7.34
’20 0.45 0.06 0.52 1.24 2.27
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 5,736 5,720 5,893 — —
’25 5,699 5,704 5,858 5,860 23,121
’24 6,725 5,699 5,904 5,838 24,166
’23 4,851 5,082 5,446 5,620 20,999
’22 4,130 4,272 4,386 4,738 17,526
’21 3,873 3,667 3,992 4,220 15,752
’20 4,504 3,925 3,968 4,075 16,472
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 2,183 2,420 2,498 — —
’25 2,200 2,560 2,637 2,454 9,851
’24 2,248 2,484 2,763 2,353 9,848
’23 1,886 1,908 2,482 2,317 8,593
’22 1,396 1,817 1,634 1,847 6,694
’21 1,839 1,441 1,815 2,004 7,099
’20 1,537 2,381 1,483 2,086 7,487
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 2,183 2,420 2,498 — —
’25 2,200 2,560 2,637 2,454 9,851
’24 2,248 2,484 2,763 2,353 9,848
’23 1,886 1,908 2,482 2,317 8,593
’22 1,396 1,817 1,634 1,847 6,694
’21 1,839 1,441 1,815 2,004 7,099
’20 1,537 2,381 1,483 2,086 7,487
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 20.5% a year for ten years.

Implied
20.5%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

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 15,122 16,695 18,253 19,461 16,472 15,752 17,526 20,999 24,166 23,121 23,209 +4.8% 15,147 15,938 16,736 (10.2%)
Gross margin, % 91.75 91.67 89.76 88.23 89.89 93.45 91.32 82.33 80.82 82.12 83.22 (9.6) pt
EBT 3,570 3,324 3,644 4,887 1,797 5,503 3,962 2,904 4,553 4,621 4,366 +2.9%
EBT margin, % 23.61 19.91 19.96 25.11 10.91 34.94 22.61 13.83 18.84 19.99 18.81 (3.6) pt
Net income 2,251 1,935 2,790 3,747 1,385 4,221 3,016 2,238 3,499 3,552 3,333 +5.2%
Per share, $
Per share, $ Revenue 18.24 20.98 24.59 29.04 27.97 27.90 36.48 49.86 60.95 62.51 72.76 +14.7%
Earnings 2.71 2.43 3.76 5.59 2.28 7.40 6.19 5.21 8.64 9.38 9.68 +14.8%
Cash flow 7.85 10.78 12.59 13.41 12.71 12.57 13.93 20.40 24.84 26.63 29.95 +14.5%
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow 7.85 10.78 12.59 13.41 12.71 12.57 13.93 20.40 24.84 26.63 29.95 +14.5%
Book value 17.12 17.89 19.77 22.51 21.56 24.19 26.80 33.01 41.82 45.33 51.88 +11.4%
Shares, m 829 796 742 670 589 565 480 421 397 370 341 (8.6%)
Valuation, ×
Valuation, × P/E 13.63 16.06 6.22 6.47 15.22 6.29 5.27 7.29 7.54 8.89 7.69 9.3
P/S 2.03 1.85 0.95 1.24 1.24 1.66 0.89 0.76 1.07 1.33 1.02 1.3
P/B 2.16 2.17 1.19 1.68 1.71 2.03 1.28 1.21 1.68 1.99 1.60 1.7
EV/Sales 2.75 2.40 1.75 1.64 1.50 2.05 1.11 0.84 1.10 1.34 — 1.6
EV/FCF 6.38 4.68 3.43 3.54 3.30 4.56 2.91 2.06 2.69 3.15 — 3.7
Cash, $m
Cash, $m Operating cash flow 6,511 8,575 9,342 8,990 7,487 7,099 6,694 8,593 9,848 9,851 9,555 +4.7%
Capex — — — — — — — — — — — —
Free cash flow 6,511 8,575 9,342 8,990 7,487 7,099 6,694 8,593 9,848 9,851 9,555 +4.7%
Balance, $m
Balance, $m Working capital 25,450 27,200 27,990 24,613 15,659 17,164 15,737 19,189 21,082 21,192 20,012 (2.0%)
Net debt 10,826 9,197 14,600 7,719 4,251 6,170 3,897 1,723 751 209 1,124 (35.5%)
Shareholders’ equity 14,196 14,234 14,678 15,088 12,701 13,655 12,873 13,903 16,580 16,766 16,550 +1.9%
Returns, %
Returns, % ROA 2.58 2.08 2.75 3.54 1.34 4.36 2.97 1.98 2.89 2.91 2.71 +0.3 pt
ROIC 8.92 8.87 7.78 13.39 6.63 17.35 14.77 11.62 16.42 17.01 15.44 +8.1 pt
ROE 16.80 13.61 19.30 25.81 10.20 33.58 23.74 17.35 24.03 22.45 21.14 +5.6 pt
People
People Employees 15,000 16,000 16,500 16,500 16,500 18,000 18,500 20,000 20,000 20,000 — +3.2%
Revenue/emp, $m 1.01 1.04 1.11 1.18 1.00 0.88 0.95 1.05 1.21 1.16 — +1.5%
Negative figures in brackets.
estimates

All 10 years →

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

Business profile

Updated

Synchrony Financial is a consumer-finance company founded in 2003 and headquartered in Stamford. Brian Doubles is its President and Chief Executive Officer. It provides credit products through programs established with national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers.

For consumers, the company offers private-label cards that work with a particular merchant, Dual Cards, co-branded cards, general-purpose credit cards, and short- and long-term installment loans. These products let consumers finance purchases, receive partner-linked rewards or promotional offers, and in some cases use the card beyond a partner’s own sales channels. Its CareCredit offering is used for health and wellness purchases, while its other platforms include diversified value, home and auto, lifestyle, and digital.

Synchrony Financial 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
PYPL PayPal Holdings, Inc. $49.0B 11.2× 11.2× +1.98% (above 0%: growing) −3.53% (below 0%: shrinking) −16.59% (below 0%: shrinking) 40.96% 16.33% Compare
AFRM Affirm Holdings, Inc. $23.6B 11.8× 36.6× +35.24% (above 0%: growing) +100.00% (above 0%: growing) −54.85% (below 0%: shrinking) 0.00% 14.82% Compare
SYF Synchrony Financial $23.1B 7.7× 7.9× +0.60% (above 0%: growing) −6.23% (below 0%: shrinking) −5.27% (below 0%: shrinking) 83.39% 0.00%
SOFI SoFi Technologies, Inc. $20.8B 27.8× 27.5× +41.86% (above 0%: growing) +58.33% (above 0%: growing) −120.02% (below 0%: shrinking) 77.00% 0.00% Compare
ALLY Ally Financial Inc. $11.7B 8.8× 8.1× +4.53% (above 0%: growing) +10.92% (above 0%: growing) +32.70% (above 0%: growing) 62.76% 0.00% Compare
FCFS FirstCash Holdings, Inc. $8.0B 20.4× 18.5× +17.70% (above 0%: growing) +25.27% (above 0%: growing) −12.69% (below 0%: shrinking) 49.54% 15.77% Compare
KLAR Klarna Group plc $7.7B — (loss-making) 8.2× +26.61% (above 0%: growing) n/m −129.24% (below 0%: shrinking) 61.23% 2.59% 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
Median of peers $9.8B 11.8× 10.0× +13.61% +18.10% −14.64% 62.00% 5.61%

All 53 Credit Services stocks →

From the latest earnings call

Updated

  • CEO Brian Doubles said purchase volume grew across all five platforms, while consumers continued spending despite higher gas prices and inflation.
  • CFO Brian Wenzel said higher purchase volume lifted loan receivables, while Synchrony raised its full-year diluted EPS expectation to approximately $9.50.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 105.42%
Held by the ten largest 51.95%
Holder Shares Stake Change
Vanguard 43.92m 13.51% −1.01m
BlackRock 30.89m 9.51% +414.44k
Capital Group 18.96m 5.83% −14.84m
State Street 17.73m 5.46% +8.57k
Bank of America 14.77m 4.54% −1.30m
Goldman Sachs 10.09m 3.11% +498.88k
Geode Capital Management 9.85m 3.03% −94.99k
First Trust 7.70m 2.37% +2.36m
PAR CAPITAL MANAGEMENT INC 7.61m 2.34% 0.00
HARRIS ASSOCIATES L P 7.30m 2.25% +2.75m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 29 April 2026

Ownership

Directors and executive officers, together less than 1%
Capital World Investors—333 South Hope Street, 13.22%
BlackRock, Inc.—50 Hudson Yards, New York, NY 10.46%
State Street Corporation—One Congress Street, Suite 5.67%
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

Synchrony Financial (SYF) Latest News

29 Oct

Impact 3 · · Zacks
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28 Oct

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26 Oct

Impact 3 · · Exec Edge

22 Oct

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21 Oct

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20 Oct

Impact 4 · · The Motley Fool
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Impact 3 · · Simply Wall St.
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Impact 3 · · Insider Monkey
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Impact 3 · · Associated Press earnings
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19 Oct

Impact 3 · · StockStory

15 Oct

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13 Oct

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12 Oct

Impact 4 · · Business Wire

8 Oct

Impact 3 · · StockStory

2 Oct

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SYF metrics, ten years each

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