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How Synchrony Financial (SYF) makes money: Q3 2026 revenue breakdown
The quarter in brief
Revenue grew 1.4% y/y to $4.91B, pre-tax margin 24.0% vs 29.5%, net income $892M (−17.2% y/y).
Net earnings
$892M
down 17.2% y/y
Total revenue (net interest income + other income)
$4,914M
up 1.4% y/y
Next report
not announced yet
How does Synchrony Financial make money?
Synchrony Financial brought in $4.91 billion of revenue in Q3 2026, up 1.4% year over year. The largest source was Net interest income: $4.81 billion, or 98% of the total; other lines add the remaining 2%. Net income for the quarter was $892 million, down 17.2% year over year.
Revenue by source, Q3 2026
- Net interest income$4.81B · 98% · +1.9%
- Other income$105M · 2% · −17.3%
Shares of $4.91B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net interest income | $4,809 · +1.9% |
| Other income | $105 · −17.3% |
| Total revenue (net interest income + other income) | $4,914 · +1.4% |
| Other expense | $1,371 · +9.9% |
| Provision for credit losses | $1,266 · +10.5% |
| Retailer share arrangements | $1,096 · +7.0% |
| Earnings before provision for income taxes | $1,181 · −17.4% · 24.0% margin |
| Provision for income taxes | $289 · −17.9% · 24.5% effective rate |
| Net earnings | $892 · −17.2% · $2.68/sh · 18.2% margin |
Verdict: revenue grew 1.4% y/y to $4.91B, pre-tax margin 24.0% vs 29.5%, net income $892M (−17.2% y/y).
Diluted EPS $2.68 vs $2.86 a year earlier; net earnings available to common stockholders $864M; net interest margin 15.50%; return on assets 2.9%, CET1 12.9%; $1.2B of capital returned; dividend raised to $0.34 per share from $0.30.
Source and notation
Source: Synchrony Financial earnings release and its exhibits, 8-K EX-99 of 10/20/2026 (SEC EDGAR). Bank layout: total revenue = net interest income + noninterest income; noninterest expense and the provision for credit losses are deducted to reach pre-tax income; preferred dividends separate net income from net income available to common shareholders. The income statement lines were taken from the release by hand; the program found every figure in the release text and checked the accounting identities and the chart balance; SEC XBRL for this quarter is not published yet, so the XBRL check is pending.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
- Purchase volume increased 8% to $49.7 billion and loan receivables 3% to $103.3 billion; net interest income rose 1.9% on higher average loan receivables and lower funding costs.
- Pre-tax earnings fell 17.4% as the provision for credit losses rose 10.5% to $1,266M and other expense 9.9% to $1,371M; payments to partners under retailer share arrangements rose 7.0% to $1,096M.
- Diluted EPS fell less than net earnings because the weighted average fully diluted share count dropped 12.8% to 322.4 million after buybacks.
- Pre-tax income was $1.18B, a 24.0% margin vs 29.5% a year earlier.
- The effective tax rate was 24.5% vs 24.6% a year earlier.
- Diluted EPS was $2.68 vs $2.86 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Who runs the company now
As of 10/20/2026, per the company’s SEC filings: signatures on the latest report and leadership-change filings.
Positions: the company’s SEC filings. Spotted an error, or is this you and you’d like it corrected or removed? Contact us
How this is compiled
Who runs the company now comes from primary sources only: for US companies, the CEO and CFO signatures on the latest SEC report, and a separate board chair from the proxy statement (DEF 14A); for Russian and Kazakh issuers, the company website and its disclosures. We recheck weekly; if a name can’t be confirmed, or a leadership-change filing came out after the report, we don’t show it until it’s reviewed. History comes from proxy statements, disclosures, Wikipedia and Wikidata; years show when a term started and ended, “since” means the person is in office now. An outcome for a previous employer is shown only when the linked document states it.
Sources · 2
- SEC EDGAR: 10-Q 2026-07-23 · SEC EDGAR · 10/20/2026
- SEC EDGAR: 10-Q 2026-07-23 · SEC EDGAR · 10/20/2026
Synchrony Financial is an American consumer financial services company with its headquarters in Stamford, Connecticut. · Text: Wikipedia, CC BY-SA 4.0, abridged
The company offers consumer financing products including credit, promotional financing, loyalty programs, and installment lending to both industries and consumers through Synchrony Bank, its wholly owned online bank subsidiary.
Heads-up
- net income fell 17% y/y in Q3 2026
Most likely because purchase volume increased 8% to $49.7 billion and loan receivables 3% to $103.3 billion; pre-tax income was $1.18B, a 24.0% margin vs 29.5% a year earlier; pre-tax earnings fell 17.4% as the provision for credit losses rose 10.5% to $1,266M and other expense 9.9% to $1,371M. Based on the Q3 2026 report.
The company's report ↗Company guidance
Same quarter a year ago (ended December 31, 2025): revenue $4.89B, EPS (GAAP) $2.03
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
SYF earnings history: past report dates
| Jul 21, 2026 Tue | 6:00 ambefore market open | Jun 30, 2026 | $4.7B+2% y/y | $2.59+4% y/y |
| Apr 21, 2026 Tue | 6:00 ambefore market open | Mar 31, 2026 | $4.8B+3% y/y | $2.27+20% y/y |
| Jan 27, 2026 Tue | 6:01 ambefore market open | Dec 31, 2025 | ≈$4.9B+4% y/y | ≈$2.03+6% y/y |
| Oct 15, 2025 Wed | 6:00 ambefore market open | Sep 30, 2025 | $4.8B+3% y/y | $2.86+47% y/y |
| Jul 22, 2025 Tue | 6:00 ambefore market open | Jun 30, 2025 | $4.6B+3% y/y | $2.50+61% y/y |
| Apr 22, 2025 Tue | 6:00 ambefore market open | Mar 31, 2025 | $4.6B−17% y/y | $1.89−40% y/y |
| Jan 28, 2025 Tue | 6:00 ambefore market open | Dec 31, 2024 | ≈$4.7B+4% y/y | ≈$1.92+85% y/y |
| Oct 16, 2024 Wed | 6:00 ambefore market open | Sep 30, 2024 | $4.7B+6% y/y | $1.94+31% y/y |
| Jul 17, 2024 Wed | 6:00 ambefore market open | Jun 30, 2024 | $4.5B+8% y/y | $1.55+17% y/y |
| Apr 24, 2024 Wed | 6:01 ambefore market open | Mar 31, 2024 | $5.6B+35% y/y | $3.14+133% y/y |
| Jan 23, 2024 Tue | 6:00 ambefore market open | Dec 31, 2023 | ≈$4.5B+10% y/y | ≈$1.04−19% y/y |
| Oct 24, 2023 Tue | 6:00 ambefore market open | Sep 30, 2023 | $4.5B+12% y/y | $1.48+1% y/y |
| Jul 18, 2023 Tue | 6:00 ambefore market open | Jun 30, 2023 | $4.2B+5% y/y | $1.32−18% y/y |
| Apr 19, 2023 Wed | 6:00 ambefore market open | Mar 31, 2023 | $4.1B+6% y/y | $1.35−24% y/y |
| Jan 23, 2023 Mon | 6:00 ambefore market open | Dec 31, 2022 | ≈$4.1B+3% y/y | ≈$1.29−14% y/y |
| Oct 25, 2022 Tue | 6:01 ambefore market open | Sep 30, 2022 | $4.0B+6% y/y | $1.47−27% y/y |
| Jul 18, 2022 Mon | 6:00 ambefore market open | Jun 30, 2022 | $4.0B+18% y/y | $1.60−25% y/y |
| Apr 18, 2022 Mon | 6:01 ambefore market open | Mar 31, 2022 | $3.9B+9% y/y | $1.77+2% y/y |
| Jan 28, 2022 Fri | 6:02 ambefore market open | Dec 31, 2021 | ≈$4.0B+7% y/y | ≈$1.50+22% y/y |
| Oct 19, 2021 Tue | 6:00 ambefore market open | Sep 30, 2021 | $3.8B+5% y/y | $2.00+285% y/y |
| Jul 20, 2021 Tue | 6:01 ambefore market open | Jun 30, 2021 | $3.4B−3% y/y | $2.12 |
| Apr 27, 2021 Tue | 6:31 ambefore market open | Mar 31, 2021 | $3.6B−10% y/y | $1.73+284% y/y |
| Jan 29, 2021 Fri | 6:30 ambefore market open | Dec 31, 2020 | ≈$3.7B−9% y/y | ≈$1.23+7% y/y |
| Oct 20, 2020 Tue | 6:30 ambefore market open | Sep 30, 2020 | $3.6B−20% y/y | $0.52−68% y/y |
| Jul 21, 2020 Tue | 6:30 ambefore market open | Jun 30, 2020 | $3.5B−18% y/y | $0.06−95% y/y |
| Apr 21, 2020 Tue | 6:30 ambefore market open | Mar 31, 2020 | $4.0B−8% y/y | $0.45−71% y/y |
| Jan 24, 2020 Fri | 6:03 ambefore market open | Dec 31, 2019 | ≈$4.1B−6% y/y | ≈$1.15+6% y/y |
| Oct 18, 2019 Fri | 6:04 ambefore market open | Sep 30, 2019 | $4.5B+5% y/y | $1.60+76% y/y |
| Jul 19, 2019 Fri | 6:01 ambefore market open | Jun 30, 2019 | $4.2B+12% y/y | $1.24+35% y/y |
| Apr 18, 2019 Thu | 6:30 ambefore market open | Mar 31, 2019 | $4.3B+10% y/y | $1.56+88% y/y |
| Jan 23, 2019 Wed | 6:30 ambefore market open | Dec 31, 2018 | ≈$4.4B+11% y/y | ≈$1.09+122% y/y |
| Oct 19, 2018 Fri | 6:30 ambefore market open | Sep 30, 2018 | $4.3B+8% y/y | $0.91+30% y/y |
| Jul 27, 2018 Fri | 6:30 ambefore market open | Jun 30, 2018 | $3.8B+3% y/y | $0.92+51% y/y |
| Apr 20, 2018 Fri | 6:30 ambefore market open | Mar 31, 2018 | $3.9B+6% y/y | $0.83+36% y/y |
| Jan 19, 2018 Fri | 6:30 ambefore market open | Dec 31, 2017 | ≈$4.0B+7% y/y | ≈$0.49−30% y/y |
| Oct 20, 2017 Fri | 6:30 ambefore market open | Sep 30, 2017 | $4.0B+11% y/y | $0.70−4% y/y |
| Jul 21, 2017 Fri | 6:29 ambefore market open | Jun 30, 2017 | $3.7B+12% y/y | $0.61+5% y/y |
| Apr 28, 2017 Fri | 6:30 ambefore market open | Mar 31, 2017 | $3.7B+11% y/y | $0.61−13% y/y |
| Jan 20, 2017 Fri | 6:30 ambefore market open | Dec 31, 2016 | ≈$3.7B+13% y/y | ≈$0.70+8% y/y |
| Oct 21, 2016 Fri | 6:30 ambefore market open | Sep 30, 2016 | $3.6B+12% y/y | $0.73+6% y/y |
| Jul 22, 2016 Fri | 6:30 ambefore market open | Jun 30, 2016 | $3.3B+9% y/y | $0.58−11% y/y |
| Apr 22, 2016 Fri | 6:29 ambefore market open | Mar 31, 2016 | $3.3B+11% y/y | $0.70+6% y/y |
| Jan 22, 2016 Fri | 6:31 ambefore market open | Dec 31, 2015 | ≈$3.3B+5% y/y | ≈$0.65+2% y/y |
| Oct 16, 2015 Fri | 8:59 ambefore market open | Sep 30, 2015 | $3.2B+7% y/y | $0.69−1% y/y |
| Jul 17, 2015 Fri | 9:00 ambefore market open | Jun 30, 2015 | $3.0B+7% y/y | $0.65−3% y/y |
| Apr 17, 2015 Fri | 8:59 ambefore market open | Mar 31, 2015 | $3.0B+4% y/y | $0.66−16% y/y |
| Jan 23, 2015 Fri | 8:59 ambefore market open | Dec 31, 2014 | ≈$3.1B+5% y/y | ≈$0.64+2% y/y |
| Oct 17, 2014 Fri | 9:00 ambefore market open | Sep 30, 2014 | $3.0B+6% y/y | $0.70−23% y/y |
Show all 48 reports since 2014Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Synchrony Financial: 14-year financials
| 2025 | 18,986 | 3,552 | 427 |
| 2024 | 19,532 | 3,499 | 398 |
| 2023 | 17,288 | 2,238 | 406 |
| 2022 | 16,005 | 3,016 | 434 |
| 2021 | 14,720 | 4,221 | 500 |
| 2020 | 14,807 | 1,385 | 520 |
| 2019 | 17,170 | 3,747 | 581 |
| 2018 | 16,383 | 2,790 | 534 |
| 2017 | 15,304 | 1,935 | 446 |
| 2016 | 13,874 | 2,251 | 214 |
| 2015 | 12,485 | 2,214 | — |
| 2014 | 11,805 | 2,109 | — |
| 2013 | 11,071 | 1,979 | — |
| 2012 | 10,048 | 2,119 | — |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. History starts in 2012: earlier years aren’t in the company’s SEC filings (it’s younger or was spun off).
Shareholders’ equity at Jun 30, 2026: $16.9B (14% of total assets). Compare with other S&P 500 companies →
Included in screener lists: S&P 500 companies that paid dividends 10 years without a gap
Synchrony Financial (SYF) earnings: FAQ
How does Synchrony Financial make money?
Synchrony Financial brought in $4.91 billion of revenue in Q3 2026, up 1.4% year over year. The largest source was Net interest income: $4.81 billion, or 98% of the total; other lines add the remaining 2%. Net income for the quarter was $892 million, down 17.2% year over year.
When is SYF's next earnings date?
We have not yet seen an announcement of the date from Synchrony Financial (SYF). Based on last year's report on Jan 27, 2026, the next report is expected around Jan 26, 2027.
What time does SYF report earnings?
Synchrony Financial usually reports before market open: its latest results release was filed with the SEC at 6:00 am ET on Oct 20, 2026.
When did SYF last report earnings?
Synchrony Financial reported Q3 2026 results on Oct 20, 2026.
Where can I find Synchrony Financial's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to SYF's filings; this page breaks the latest report down in a Sankey chart.
What was SYF's net income in Q3 2026?
Synchrony Financial reported net income of $892M for Q3 2026 (−17.2% year over year), under US GAAP.
Does Synchrony Financial pay dividends?
Yes. In 2025, Synchrony Financial paid $427M in dividends on its common stock, per its 10-K. Earlier years are in the 14-year table above.
How has Synchrony Financial's revenue changed since 2012?
Per its 10-K filings, revenue grew 1.9x: $10,048M in 2012 and $18,986M in 2025. The peak was $19,532M in 2024. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
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