Free Trial
Invest Smarter with A.I. Powered Investing Tools and ResearchGet 30 Days Free

SLM (SLM) Financials

SLM logo
$27.55 +0.32 (+1.18%)
Closing price 10/3/2025 04:00 PM Eastern
Extended Trading
$27.54 0.00 (-0.02%)
As of 10/3/2025 04:20 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Compare
Annual Income Statements for SLM

Annual Income Statements for SLM

This table shows SLM's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 255 229 273 472 561 871 1,156 460 564 590
Consolidated Net Income / (Loss)		 274 250 289 487 578 881 1,161 469 581 608
Net Income / (Loss) Continuing Operations		 274 250 289 487 578 881 1,161 469 581 608
Total Pre-Tax Income 		439 414 491 559 744 1,154 1,540 631 778 799
Total Revenue		 885 960 1,126 1,361 1,672 1,811 2,027 1,823 1,809 1,849
Net Interest Income / (Expense)		 702 891 1,129 1,413 1,623 1,480 1,395 1,489 1,562 1,481
Total Interest Income		 831 1,077 1,437 1,935 2,331 2,022 1,777 2,032 2,592 2,619
Loans and Leases Interest Income		 817 1,060 1,414 1,895 2,249 1,989 1,757 1,915 2,328 2,314
Investment Securities Interest Income		 14 17 24 41 82 33 20 117 265 305
Total Interest Expense		 129 186 308 522 708 542 382 543 1,030 1,138
Deposits Interest Expense		 116 148 224 389 548 393 225 369 808 881
Short-Term Borrowings Interest Expense		 6.49 7.32 6.34 5.83 6.19 14 19 12 14 14
Long-Term Debt Interest Expense		 5.74 30 78 127 154 134 138 162 209 243
Total Non-Interest Income		 183 69 -2.90 -52 49 331 632 335 247 368
Other Service Charges		 42 70 5.36 -52 31 39 45 67 84 113
Net Realized & Unrealized Capital Gains on Investments		 141 -0.73 -8.27 0.42 18 292 588 267 163 255
Provision for Credit Losses		 90 159 186 245 354 93 -33 633 345 409
Total Non-Interest Expense		 356 386 449 557 574 564 520 559 686 642
Salaries and Employee Benefits		 159 184 213 252 278 282 258 270 327 349
Property & Liability Insurance Claims		 14 19 29 33 33 22 23 21 46 52
Other Operating Expenses		 176 183 207 272 263 234 237 260 247 236
Amortization Expense		 1.48 - - - - 0.00 0.00 7.78 66 5.33
Income Tax Expense		 165 164 203 72 165 273 380 162 197 190
Preferred Stock Dividends Declared		 20 21 16 16 17 9.73 4.74 9.03 18 18
Basic Earnings per Share		 $0.60 $0.54 $0.63 $1.08 $1.31 $2.27 $3.67 $1.78 $2.44 $2.73
Weighted Average Basic Shares Outstanding		 425.57M 427.88M 431.22M 435.05M 427.29M 383.71M 314.99M 258.44M 231.41M 216.22M
Diluted Earnings per Share		 $0.59 $0.53 $0.62 $1.07 $1.30 $2.25 $3.61 $1.76 $2.41 $2.68
Weighted Average Diluted Shares Outstanding		 432.23M 432.92M 438.55M 439.68M 430.67M 387.20M 319.91M 261.50M 234.06M 219.93M
Weighted Average Basic & Diluted Shares Outstanding		 424.50M 424.30M 433.70M 436.90M 422.62M 363.67M 279.39M 241.19M 220.35M 210.42M
Cash Dividends to Common per Share		 - - $0.00 $0.00 $0.12 $0.12 $0.20 $0.44 $0.44 $0.46

Quarterly Income Statements for SLM

This table shows SLM's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 73 -81 114 261 25 164 285 247 -50 107 301
Consolidated Net Income / (Loss)		 75 -77 119 265 29 168 290 252 -45 112 305
Net Income / (Loss) Continuing Operations		 75 -77 119 265 29 168 290 252 -45 112 305
Total Pre-Tax Income 		105 -97 156 357 41 225 387 339 -60 132 403
Total Revenue		 465 341 427 531 409 443 561 514 384 390 581
Net Interest Income / (Expense)		 370 381 405 387 385 386 387 372 359 362 375
Total Interest Income		 520 584 638 634 652 669 664 641 653 661 656
Loans and Leases Interest Income		 483 527 583 568 581 596 597 565 565 587 599
Investment Securities Interest Income		 37 56 55 66 71 73 67 76 88 74 57
Total Interest Expense		 150 202 233 247 268 283 277 269 293 299 281
Deposits Interest Expense		 105 153 184 191 210 223 220 211 226 224 204
Short-Term Borrowings Interest Expense		 3.05 3.05 3.02 3.30 3.58 3.61 3.56 3.31 3.47 3.48 3.40
Long-Term Debt Interest Expense		 42 46 46 53 54 56 53 55 64 72 74
Total Non-Interest Income		 95 -41 22 144 24 57 174 142 25 28 206
Other Service Charges		 19 15 20 21 23 21 29 28 28 28 29
Net Realized & Unrealized Capital Gains on Investments		 76 -55 1.70 124 1.49 36 145 114 -3.87 0.07 177
Provision for Credit Losses		 208 297 114 18 198 16 12 17 271 108 23
Total Non-Interest Expense		 152 140 157 156 170 202 162 159 172 150 155
Salaries and Employee Benefits		 65 67 88 78 84 77 96 85 88 80 91
Property & Liability Insurance Claims		 4.59 9.44 12 9.85 12 12 13 12 13 14 12
Other Operating Expenses		 80 61 55 66 72 54 51 60 70 54 50
Amortization Expense		 2.33 2.30 2.27 2.25 2.83 59 1.22 1.39 1.23 1.50 1.02
Income Tax Expense		 30 -19 37 91 11 57 98 87 -14 21 99
Preferred Stock Dividends Declared		 2.53 3.47 4.06 4.27 4.64 4.73 4.65 4.63 4.65 4.37 3.96
Basic Earnings per Share		 $0.29 ($0.27) $0.47 $1.11 $0.11 $0.75 $1.29 $1.13 ($0.23) $0.54 $1.43
Weighted Average Basic Shares Outstanding		 251.27M 258.44M 241.50M 235.06M 226.12M 231.41M 220.42M 218.92M 214.87M 216.22M 210.68M
Diluted Earnings per Share		 $0.29 ($0.27) $0.47 $1.10 $0.11 $0.73 $1.27 $1.11 ($0.23) $0.53 $1.40
Weighted Average Diluted Shares Outstanding		 253.72M 261.50M 243.55M 237.59M 228.80M 234.06M 223.85M 222.47M 214.87M 219.93M 214.99M
Weighted Average Basic & Diluted Shares Outstanding		 250.20M 241.19M 242.25M 226.08M 226.27M 220.35M 220.28M 217.46M 212.33M 210.42M 210.74M
Cash Dividends to Common per Share		 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11 $0.11 $0.13 $0.13

Annual Cash Flow Statements for SLM

This table details how cash moves in and out of SLM's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 56 -472 -336 1,046 3,039 -1,111 -64 227 -473 575
Net Cash From Operating Activities		 -85 -199 -171 -103 -16 -183 -50 4.99 -145 -329
Net Cash From Continuing Operating Activities		 -85 -199 -171 -103 -16 -183 -50 4.99 -145 -329
Net Income / (Loss) Continuing Operations		 274 250 289 487 578 881 1,161 469 581 608
Consolidated Net Income / (Loss)		 274 250 289 487 578 881 1,161 469 581 608
Provision For Loan Losses		 90 159 186 245 354 93 -33 633 345 409
Depreciation Expense		 7.40 9.59 11 14 15 15 16 17 18 18
Amortization Expense		 20 19 21 27 34 53 41 38 91 29
Non-Cash Adjustments to Reconcile Net Income		 -58 -59 -17 32 -5.14 -142 -462 -310 -133 -237
Changes in Operating Assets and Liabilities, net		 -418 -578 -661 -908 -992 -1,083 -772 -843 -1,047 -1,156
Net Cash From Investing Activities		 -1,848 -3,309 -3,160 -3,255 -2,307 947 2,605 1,077 -12 676
Net Cash From Continuing Investing Activities		 -1,848 -3,309 -3,160 -3,255 -2,307 947 2,605 1,077 -12 676
Purchase of Investment Securities		 -64 -56 -78 -16 -356 -2,083 -1,257 -881 -121 -92
Sale of Property, Leasehold Improvements and Equipment		 1,547 9.52 6.99 45 0.00 3,876 8,488 7,046 6,245 6,972
Sale and/or Maturity of Investments		 145 104 89 133 94 700 885 993 316 860
Other Investing Activities, net		 -3,476 -3,366 -3,178 -3,416 -2,044 -1,545 -5,512 -6,081 -6,452 -7,064
Net Cash From Financing Activities		 1,989 3,036 2,995 4,403 5,361 -1,876 -2,620 -855 -316 228
Net Cash From Continuing Financing Activities		 1,989 3,036 2,995 4,403 5,361 -1,876 -2,620 -855 -316 228
Net Change in Deposits		 932 1,973 2,076 3,418 5,246 -1,729 -1,750 689 175 -607
Issuance of Debt		 1,831 2,152 1,937 2,191 1,403 1,831 2,076 572 1,135 2,207
Repayment of Debt		 -754 -1,068 -837 -1,190 -1,053 -1,296 -1,349 -1,281 -1,157 -1,006
Repurchase of Common Equity		 - - 0.00 0.00 -167 -558 -1,531 -713 -350 -248
Payment of Dividends		 -20 -21 -16 -16 -68 -56 -65 -122 -119 -117
Cash Interest Paid		 112 170 269 472 666 517 360 1,073 963 1,742
Cash Income Taxes Paid		 231 272 284 242 203 254 270 275 200 245

Quarterly Cash Flow Statements for SLM

This table details how cash moves in and out of SLM's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 1,228 -252 -875 128 -303 576 -568 1,673 -744 214 -1,006
Net Cash From Operating Activities		 3.37 -0.88 8.89 -67 -59 -27 -77 -144 -113 4.54 -146
Net Cash From Continuing Operating Activities		 3.37 -0.88 8.89 -67 -59 -27 -77 -144 -113 4.54 -145
Net Income / (Loss) Continuing Operations		 75 -77 119 265 29 168 290 252 -45 112 305
Consolidated Net Income / (Loss)		 75 -77 119 265 29 168 290 252 -45 112 305
Provision For Loan Losses		 208 297 114 18 198 16 12 17 271 108 23
Depreciation Expense		 4.35 4.49 4.52 4.62 4.26 4.41 4.71 4.56 4.22 4.16 3.95
Amortization Expense		 9.44 8.64 8.92 8.11 9.11 65 7.36 7.12 6.94 7.91 7.30
Non-Cash Adjustments to Reconcile Net Income		 -36 -209 50 -18 23 -188 -31 -15 1.10 -192 -61
Changes in Operating Assets and Liabilities, net		 -257 -25 -287 -344 -323 -93 -360 -409 -352 -35 -423
Net Cash From Investing Activities		 -344 63 -1,471 2,231 -1,695 923 572 1,649 -1,814 269 497
Net Cash From Continuing Investing Activities		 -344 63 -1,471 2,231 -1,695 923 572 1,649 -1,814 269 496
Purchase of Investment Securities		 -0.09 - -4.99 -40 -41 -35 -26 -34 -17 -15 -39
Sale of Property, Leasehold Improvements and Equipment		 1,954 752 913 2,850 733 1,749 2,901 2,242 641 1,189 2,983
Sale and/or Maturity of Investments		 80 158 85 90 80 61 291 140 342 88 335
Other Investing Activities, net		 -2,377 -846 -2,463 -669 -2,468 -852 -2,593 -698 -2,780 -993 -2,783
Net Cash From Financing Activities		 1,568 -314 587 -2,036 1,452 -319 -1,063 167 1,183 -59 -1,357
Net Cash From Continuing Financing Activities		 1,568 -314 587 -2,036 1,452 -319 -1,063 167 1,183 -59 -1,357
Net Change in Deposits		 1,308 163 345 -1,444 1,182 92 -756 -165 695 -381 -999
Issuance of Debt		 573 -0.42 570 -0.36 566 -0.03 0.00 665 864 677 494
Repayment of Debt		 -272 -292 -293 -304 -267 -294 -253 -241 -234 -279 -790
Repurchase of Common Equity		 -10 -158 -4.01 -255 - -91 -25 -61 -114 -47 -30
Payment of Dividends		 -30 -30 -31 -30 -30 -29 -29 -29 -28 -32 -31
Cash Interest Paid		 111 787 199 250 242 272 284 251 289 917 417
Cash Income Taxes Paid		 100 53 12 78 89 21 8.28 158 71 7.81 11

Annual Balance Sheets for SLM

This table presents SLM's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 15,214 18,533 21,780 26,638 32,686 30,770 29,222 28,811 29,169 30,072
Cash and Due from Banks		 2,416 1,919 1,534 2,559 5,564 4,455 4,335 4,616 4,150 4,700
Restricted Cash		 28 54 102 123 157 154 211 157 150 174
Trading Account Securities		 195 209 244 232 488 4,899 2,555 2,427 2,466 1,986
Loans and Leases, Net of Allowance		 11,631 15,138 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 81 87 90 106 135 155 151 141 130 119
Intangible Assets		 - - - - - - 0.00 118 69 64
Other Assets		 863 1,127 1,242 1,348 26,343 21,107 21,971 21,352 22,206 23,028
Total Liabilities & Shareholders' Equity		 15,214 18,533 21,780 26,638 32,686 30,770 29,222 28,811 29,169 30,072
Total Liabilities		 13,118 16,186 19,305 23,666 29,375 28,208 27,072 27,084 27,289 27,912
Non-Interest Bearing Deposits		 11,488 13,436 15,500 18,943 24,284 22,666 20,828 21,448 21,653 21,069
Long-Term Debt		 579 2,168 3,275 4,284 4,354 5,189 5,931 5,235 5,228 6,440
Other Long-Term Liabilities		 551 582 525 438 447 352 313 401 408 403
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,096 2,347 2,474 2,973 3,312 2,563 2,150 1,727 1,881 2,160
Total Preferred & Common Equity		 2,096 2,347 2,474 2,973 2,912 2,312 2,150 1,727 1,881 2,160
Preferred Stock		 565 565 400 400 - - 251 251 251 251
Total Common Equity		 1,531 1,782 2,074 2,573 2,912 2,312 1,899 1,476 1,630 1,909
Common Stock		 1,222 1,263 1,311 1,365 1,398 1,423 1,161 1,196 1,236 1,282
Retained Earnings		 367 595 868 1,340 1,851 1,722 2,817 3,164 3,625 4,114
Treasury Stock		 -41 -67 -108 -143 -325 -799 -2,061 -2,790 -3,156 -3,422
Accumulated Other Comprehensive Income / (Loss)		 -16 -8.67 2.75 11 -12 -34 -18 -94 -75 -66

Quarterly Balance Sheets for SLM

This table presents SLM's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 29,139 29,454 27,708 29,273 28,277 28,769 30,013 28,899
Cash and Due from Banks		 4,847 3,716 3,876 3,548 3,584 5,262 4,490 3,695
Trading Account Securities		 2,509 2,389 2,425 2,369 2,329 2,344 2,563 1,711
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 20,460 21,091
Premises and Equipment, Net		 144 138 135 133 127 126 123 117
Intangible Assets		 121 116 114 128 67 66 65 63
Other Assets		 21,341 22,913 21,008 22,921 22,021 20,828 2,141 2,045
Total Liabilities & Shareholders' Equity		 29,139 29,454 27,708 29,273 28,277 28,769 30,013 28,899
Total Liabilities		 27,157 27,627 25,902 27,474 26,164 26,486 27,879 26,498
Non-Interest Bearing Deposits		 21,277 21,804 20,361 21,551 20,903 20,744 21,445 20,073
Long-Term Debt		 5,522 5,514 5,214 5,516 4,977 5,403 6,037 6,147
Other Long-Term Liabilities		 358 309 327 408 283 339 397 278
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,982 1,827 1,806 1,799 2,114 2,283 2,134 2,401
Total Preferred & Common Equity		 1,731 1,827 1,555 1,799 2,114 2,032 2,134 2,401
Preferred Stock		 - 251 - 251 251 - - 251
Total Common Equity		 1,731 1,576 1,555 1,548 1,863 2,032 2,134 2,150
Common Stock		 1,189 1,209 1,217 1,228 1,252 1,262 1,524 1,298
Retained Earnings		 3,271 3,250 3,486 3,486 3,885 4,108 4,035 4,386
Treasury Stock		 -2,635 -2,805 -3,064 -3,064 -3,197 -3,259 -3,375 -3,478
Accumulated Other Comprehensive Income / (Loss)		 -93 -78 -84 -101 -77 -79 -50 -56

Annual Metrics And Ratios for SLM

This table displays calculated financial ratios and metrics derived from SLM's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 20.30% 8.48% 17.31% 20.85% 22.85% 8.32% 11.91% -10.05% -0.77% 2.20%
EBITDA Growth		 30.99% -4.93% 18.14% 14.57% 32.08% 54.20% 30.75% -57.04% 29.23% -4.65%
EBIT Growth		 31.55% -5.61% 18.59% 13.81% 32.97% 55.16% 33.47% -59.05% 23.40% 2.61%
NOPAT Growth		 41.54% -8.73% 15.42% 68.72% 18.63% 52.30% 31.77% -59.59% 23.96% 4.63%
Net Income Growth		 41.54% -8.73% 15.42% 68.72% 18.63% 52.30% 31.77% -59.59% 23.96% 4.63%
EPS Growth		 40.48% -10.17% 16.98% 72.58% 21.50% 73.08% 60.44% -51.25% 36.93% 11.20%
Operating Cash Flow Growth		 80.52% -133.97% 14.00% 39.97% 84.78% -1,067.89% 72.89% 110.08% -2,997.38% -127.74%
Free Cash Flow Firm Growth		 -127.93% -1.66% 13.18% -7.87% 88.25% 1,004.12% -23.24% 90.85% -72.59% -303.06%
Invested Capital Growth		 73.53% 42.18% 27.34% 26.22% 9.62% -2.55% 4.24% -13.84% 2.10% 20.99%
Revenue Q/Q Growth		 12.29% -0.52% 2.96% 8.65% 1.19% -2.57% 8.14% -8.95% 5.99% -2.79%
EBITDA Q/Q Growth		 27.95% -6.64% 0.23% 15.74% -1.65% 46.08% -8.63% -42.52% 74.19% -15.07%
EBIT Q/Q Growth		 29.71% -7.04% -0.03% 16.39% -2.10% 49.87% -8.88% -44.54% 70.50% -10.44%
NOPAT Q/Q Growth		 34.35% -7.26% -7.44% 25.97% -1.05% 49.44% -9.82% -44.97% 73.08% -8.55%
Net Income Q/Q Growth		 34.35% -7.26% -7.44% 25.97% -1.05% 49.44% -9.82% -44.97% 73.08% -8.55%
EPS Q/Q Growth		 37.21% -8.62% -7.46% 25.88% 0.00% 59.57% 0.56% -45.17% 70.92% -6.94%
Operating Cash Flow Q/Q Growth		 74.02% -102.95% 7.09% 24.75% 82.17% -23.94% 27.85% -90.30% -22.19% 8.77%
Free Cash Flow Firm Q/Q Growth		 16.20% -76.74% 1.62% 33.12% 4.74% -28.89% -5.95% 76.72% -17.22% -364.32%
Invested Capital Q/Q Growth		 -3.80% 7.83% 5.29% -1.57% -1.58% 8.45% 7.02% -7.23% -2.82% 5.26%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 52.68% 46.16% 46.49% 44.08% 47.39% 67.46% 78.81% 37.64% 49.02% 45.73%
EBIT Margin		 49.61% 43.16% 43.63% 41.09% 44.48% 63.71% 75.98% 34.59% 43.02% 43.19%
Profit (Net Income) Margin		 30.99% 26.07% 25.65% 35.81% 34.58% 48.62% 57.25% 25.72% 32.13% 32.90%
Tax Burden Percent		 62.47% 60.40% 58.79% 87.15% 77.75% 76.32% 75.35% 74.36% 74.70% 76.17%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 37.53% 39.60% 41.21% 12.85% 22.25% 23.68% 24.65% 25.64% 25.30% 23.83%
Return on Invested Capital (ROIC)		 10.96% 6.51% 5.63% 7.50% 7.60% 11.21% 14.66% 6.24% 8.26% 7.75%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.96% 6.51% 5.63% 7.50% 7.60% 11.21% 14.66% 6.24% 8.26% 7.75%
Return on Net Nonoperating Assets (RNNOA)		 3.01% 4.76% 6.36% 10.40% 10.80% 18.77% 34.59% 17.96% 23.97% 22.36%
Return on Equity (ROE)		 13.97% 11.27% 11.99% 17.90% 18.40% 29.98% 49.25% 24.20% 32.23% 30.11%
Cash Return on Invested Capital (CROIC)		 -42.81% -28.32% -18.42% -15.68% -1.58% 13.80% 10.51% 21.11% 6.19% -11.25%
Operating Return on Assets (OROA)		 3.12% 2.46% 2.44% 2.31% 2.51% 3.64% 5.13% 2.17% 2.68% 2.70%
Return on Assets (ROA)		 1.95% 1.48% 1.43% 2.01% 1.95% 2.78% 3.87% 1.62% 2.01% 2.05%
Return on Common Equity (ROCE)		 9.95% 8.40% 9.59% 15.27% 16.06% 26.66% 44.00% 21.06% 27.74% 26.37%
Return on Equity Simple (ROE_SIMPLE)		 13.08% 10.67% 11.68% 16.40% 19.86% 38.10% 53.98% 27.16% 30.91% 28.16%
Net Operating Profit after Tax (NOPAT)		 274 250 289 487 578 881 1,161 469 581 608
NOPAT Margin		 30.99% 26.07% 25.65% 35.81% 34.58% 48.62% 57.25% 25.72% 32.13% 32.90%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 17.96% 19.16% 18.94% 18.54% 16.64% 15.60% 12.74% 14.83% 18.05% 18.90%
Operating Expenses to Revenue		 40.22% 40.23% 39.87% 40.92% 34.34% 31.15% 25.65% 30.67% 37.89% 34.72%
Earnings before Interest and Taxes (EBIT)		 439 414 491 559 744 1,154 1,540 631 778 799
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 466 443 524 600 792 1,222 1,598 686 887 846
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.64 2.39 2.12 1.27 1.18 1.86 2.84 2.67 2.60 3.07
Price to Tangible Book Value (P/TBV)		 1.64 2.39 2.12 1.27 1.18 1.86 2.84 2.91 2.71 3.17
Price to Revenue (P/Rev)		 2.83 4.44 3.91 2.40 2.06 2.38 2.66 2.17 2.34 3.17
Price to Earnings (P/E)		 9.84 18.59 16.12 6.92 6.12 4.94 4.67 8.58 7.52 9.93
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 1.47% 1.05% 1.09% 2.79% 2.35% 1.67%
Earnings Yield		 10.16% 5.38% 6.20% 14.44% 16.33% 20.23% 21.40% 11.65% 13.30% 10.08%
Enterprise Value to Invested Capital (EV/IC)		 0.54 1.11 1.12 0.73 0.35 0.66 0.87 0.67 0.76 0.89
Enterprise Value to Revenue (EV/Rev)		 1.93 5.23 5.72 3.87 1.65 2.84 3.47 2.56 2.99 4.15
Enterprise Value to EBITDA (EV/EBITDA)		 3.66 11.32 12.30 8.78 3.48 4.20 4.40 6.79 6.11 9.07
Enterprise Value to EBIT (EV/EBIT)		 3.89 12.11 13.11 9.42 3.71 4.45 4.57 7.39 6.96 9.61
Enterprise Value to NOPAT (EV/NOPAT)		 6.22 20.05 22.30 10.81 4.77 5.83 6.06 9.94 9.32 12.61
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 933.73 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 4.74 8.46 2.94 12.45 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.51 0.92 1.32 1.44 1.40 2.02 2.76 3.03 2.78 2.98
Long-Term Debt to Equity		 0.28 0.92 1.32 1.44 1.31 2.02 2.76 3.03 2.78 2.98
Financial Leverage		 0.27 0.73 1.13 1.39 1.42 1.67 2.36 2.88 2.90 2.89
Leverage Ratio		 7.18 7.59 8.36 8.89 9.44 10.80 12.73 14.97 16.07 14.66
Compound Leverage Factor		 7.18 7.59 8.36 8.89 9.44 10.80 12.73 14.97 16.07 14.66
Debt to Total Capital		 33.99% 48.02% 56.97% 59.04% 58.37% 66.94% 73.40% 75.19% 73.54% 74.89%
Short-Term Debt to Total Capital		 15.75% 0.00% 0.00% 0.00% 3.64% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 18.24% 48.02% 56.97% 59.04% 54.73% 66.94% 73.40% 75.19% 73.54% 74.89%
Preferred Equity to Total Capital		 17.79% 12.51% 6.96% 5.51% 0.00% 0.00% 3.11% 3.61% 3.53% 2.92%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 5.03% 3.24% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 48.22% 39.47% 36.08% 35.45% 36.60% 29.82% 23.50% 21.20% 22.93% 22.20%
Debt to EBITDA		 2.31 4.89 6.25 7.14 5.86 4.25 3.71 7.63 5.89 7.62
Net Debt to EBITDA		 -2.93 0.44 3.13 2.67 -1.36 0.47 0.87 0.67 1.05 1.85
Long-Term Debt to EBITDA		 1.24 4.89 6.25 7.14 5.49 4.25 3.71 7.63 5.89 7.62
Debt to NOPAT		 3.93 8.66 11.34 8.79 8.03 5.89 5.11 11.16 8.99 10.59
Net Debt to NOPAT		 -4.98 0.78 5.67 3.29 -1.86 0.66 1.19 0.99 1.60 2.57
Long-Term Debt to NOPAT		 2.11 8.66 11.34 8.79 7.53 5.89 5.11 11.16 8.99 10.59
Noncontrolling Interest Sharing Ratio		 28.78% 25.43% 20.02% 14.69% 12.73% 11.08% 10.66% 12.95% 13.92% 12.43%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,071 -1,089 -946 -1,020 -120 1,084 832 1,588 435 -884
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -8.33 -5.86 -3.07 -1.95 -0.17 2.00 2.18 2.92 0.42 -0.78
Operating Cash Flow to Interest Expense		 -0.66 -1.07 -0.56 -0.20 -0.02 -0.34 -0.13 0.01 -0.14 -0.29
Operating Cash Flow Less CapEx to Interest Expense		 11.37 -1.02 -0.53 -0.11 -0.02 6.82 22.09 12.99 5.92 5.84
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.06 0.06 0.06 0.06 0.06 0.06 0.07 0.06 0.06 0.06
Fixed Asset Turnover		 11.08 11.41 12.74 13.94 13.92 12.52 13.29 12.52 13.39 14.86
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 3,176 4,515 5,750 7,257 7,955 7,752 8,081 6,962 7,108 8,600
Invested Capital Turnover		 0.35 0.25 0.22 0.21 0.22 0.23 0.26 0.24 0.26 0.24
Increase / (Decrease) in Invested Capital		 1,346 1,339 1,234 1,507 698 -203 329 -1,119 146 1,492
Enterprise Value (EV)		 1,707 5,019 6,443 5,269 2,760 5,136 7,037 4,661 5,417 7,673
Market Capitalization		 2,507 4,258 4,404 3,267 3,438 4,305 5,400 3,948 4,238 5,856
Book Value per Share		 $3.59 $4.16 $4.80 $5.91 $6.90 $6.16 $6.48 $5.90 $7.20 $8.99
Tangible Book Value per Share		 $3.59 $4.16 $4.80 $5.91 $6.90 $6.16 $6.48 $5.43 $6.90 $8.69
Total Capital		 3,176 4,515 5,750 7,257 7,955 7,752 8,081 6,962 7,108 8,600
Total Debt		 1,079 2,168 3,275 4,284 4,643 5,189 5,931 5,235 5,228 6,440
Total Long-Term Debt		 579 2,168 3,275 4,284 4,354 5,189 5,931 5,235 5,228 6,440
Net Debt		 -1,365 195 1,639 1,602 -1,077 580 1,386 462 928 1,566
Capital Expenditures (CapEx)		 -1,547 -9.52 -6.99 -45 0.00 -3,876 -8,488 -7,046 -6,245 -6,972
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 1,079 2,168 3,275 4,284 4,643 5,189 5,931 5,235 5,228 6,440
Total Depreciation and Amortization (D&A)		 27 29 32 41 49 68 57 56 109 47
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.60 $0.54 $0.63 $1.08 $1.31 $2.27 $3.67 $0.00 $2.44 $2.73
Adjusted Weighted Average Basic Shares Outstanding		 425.57M 427.88M 431.22M 435.05M 427.29M 383.71M 314.99M 0.00 231.41M 216.22M
Adjusted Diluted Earnings per Share		 $0.59 $0.53 $0.62 $1.07 $1.30 $2.25 $3.61 $0.00 $2.41 $2.68
Adjusted Weighted Average Diluted Shares Outstanding		 432.23M 432.92M 438.55M 439.68M 430.67M 387.20M 319.91M 0.00 234.06M 219.93M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 426.32M 429.10M 433.55M 436.80M 422.62M 363.67M 279.39M 0.00 220.35M 210.42M
Normalized Net Operating Profit after Tax (NOPAT)		 278 250 289 487 578 901 1,161 469 581 608
Normalized NOPAT Margin		 31.37% 26.07% 25.65% 35.81% 34.58% 49.72% 57.29% 25.72% 32.13% 32.90%
Pre Tax Income Margin		 49.61% 43.16% 43.63% 41.09% 44.48% 63.71% 75.98% 34.59% 43.02% 43.19%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 3.41 2.23 1.60 1.07 1.05 2.13 4.03 1.16 0.76 0.70
NOPAT to Interest Expense		 2.13 1.35 0.94 0.93 0.82 1.63 3.04 0.86 0.56 0.53
EBIT Less CapEx to Interest Expense		 15.44 2.28 1.62 1.16 1.05 9.29 26.25 14.14 6.82 6.83
NOPAT Less CapEx to Interest Expense		 14.16 1.40 0.96 1.02 0.82 8.78 25.25 13.85 6.63 6.66
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 7.14% 8.47% 5.44% 3.21% 11.75% 6.37% 5.62% 26.01% 20.46% 19.31%
Augmented Payout Ratio		 7.14% 8.47% 5.44% 3.21% 40.66% 69.75% 137.52% 178.07% 80.70% 60.07%

Quarterly Metrics And Ratios for SLM

This table displays calculated financial ratios and metrics derived from SLM's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 25.09% -34.48% 7.51% -14.55% -12.00% 29.99% 31.49% -3.15% -6.10% -11.97% 3.54%
EBITDA Growth		 11.89% -119.66% -6.21% -21.54% -54.46% 452.88% 136.01% -5.16% -189.67% -50.99% 3.71%
EBIT Growth		 13.54% -123.55% -6.21% -21.87% -61.22% 333.37% 148.62% -5.05% -246.68% -41.33% 4.03%
NOPAT Growth		 3.20% -122.06% -7.99% -22.51% -60.94% 349.27% 144.63% -4.93% -241.98% -33.77% 5.04%
Net Income Growth		 3.20% -125.16% -7.99% -22.51% -60.94% 318.64% 144.63% -4.93% -253.76% -33.77% 5.04%
EPS Growth		 20.83% -122.88% 4.44% -14.73% -62.07% 370.37% 170.21% 0.91% -309.09% -27.40% 10.24%
Operating Cash Flow Growth		 -96.03% -101.92% -85.84% -11.19% -1,862.17% -3,001.83% -963.09% -114.52% -91.11% 116.72% -90.39%
Free Cash Flow Firm Growth		 136.77% 4,795.51% 531.56% -30.83% 80.78% -97.89% 44.43% -193.90% -509.41% -6,312.99% -313.40%
Invested Capital Growth		 -0.61% -13.84% -3.37% -2.45% -2.53% 2.10% -3.41% 9.49% 11.70% 20.99% 20.56%
Revenue Q/Q Growth		 -25.19% -26.65% 25.23% 24.35% -22.96% 8.35% 26.68% -8.41% -25.30% 1.58% 48.99%
EBITDA Q/Q Growth		 -74.82% -170.38% 302.98% 118.13% -85.38% 445.31% 35.75% -12.34% -113.82% 398.01% 187.28%
EBIT Q/Q Growth		 -77.05% -192.18% 261.45% 128.77% -88.61% 454.80% 72.00% -12.63% -117.59% 321.90% 205.01%
NOPAT Q/Q Growth		 -78.02% -189.89% 275.39% 123.65% -88.92% 473.62% 72.12% -13.09% -116.55% 367.56% 173.00%
Net Income Q/Q Growth		 -78.02% -202.49% 253.83% 123.65% -88.92% 473.62% 72.12% -13.09% -117.92% 347.06% 173.00%
EPS Q/Q Growth		 -77.52% -193.10% 274.07% 134.04% -90.00% 563.64% 73.97% -12.60% -120.72% 330.43% 164.15%
Operating Cash Flow Q/Q Growth		 105.59% -125.98% 1,115.77% -854.21% 11.46% 54.27% -182.64% -87.46% 21.13% 104.00% -3,317.69%
Free Cash Flow Firm Q/Q Growth		 -80.99% 767.02% -64.40% 17.90% -50.32% -89.86% 2,332.18% -176.65% -116.62% -53.85% 16.46%
Invested Capital Q/Q Growth		 4.29% -7.23% 5.44% -4.37% 4.20% -2.82% -0.25% 8.40% 6.30% 5.26% -0.60%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 25.51% -24.47% 39.67% 69.59% 13.20% 66.44% 71.20% 68.14% -12.61% 36.99% 71.32%
EBIT Margin		 22.54% -28.33% 36.52% 67.19% 9.93% 50.85% 69.05% 65.87% -15.51% 33.89% 69.38%
Profit (Net Income) Margin		 16.18% -22.61% 27.77% 49.95% 7.18% 38.02% 51.67% 49.03% -11.76% 28.61% 52.42%
Tax Burden Percent		 71.78% 79.81% 76.04% 74.34% 72.32% 74.77% 74.82% 74.43% 75.81% 84.40% 75.55%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 28.22% 0.00% 23.96% 25.66% 27.68% 25.23% 25.18% 25.57% 0.00% 15.60% 24.45%
Return on Invested Capital (ROIC)		 4.30% -4.81% 6.89% 12.39% 1.65% 9.78% 13.92% 12.85% -2.67% 6.73% 12.53%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.30% -4.98% 6.89% 12.39% 1.65% 9.78% 13.92% 12.85% -2.73% 6.73% 12.53%
Return on Net Nonoperating Assets (RNNOA)		 11.45% -14.33% 19.70% 34.16% 4.83% 28.36% 37.05% 33.36% -8.01% 19.45% 30.87%
Return on Equity (ROE)		 15.75% -19.14% 26.59% 46.55% 6.48% 38.14% 50.97% 46.20% -10.68% 26.18% 43.40%
Cash Return on Invested Capital (CROIC)		 11.93% 21.11% 9.56% 7.85% 7.09% 6.19% 13.90% 1.00% -2.46% -11.25% -10.68%
Operating Return on Assets (OROA)		 1.56% -1.78% 2.31% 4.29% 0.58% 3.17% 4.65% 4.49% -1.00% 2.12% 4.54%
Return on Assets (ROA)		 1.12% -1.42% 1.76% 3.19% 0.42% 2.37% 3.48% 3.35% -0.75% 1.79% 3.43%
Return on Common Equity (ROCE)		 13.83% -16.66% 23.14% 40.37% 5.62% 32.83% 44.47% 40.53% -10.00% 22.93% 38.57%
Return on Equity Simple (ROE_SIMPLE)		 49.23% 0.00% 25.11% 24.54% 18.67% 0.00% 35.61% 36.40% 31.18% 0.00% 25.95%
Net Operating Profit after Tax (NOPAT)		 75 -68 119 265 29 168 290 252 -42 112 305
NOPAT Margin		 16.18% -19.83% 27.77% 49.95% 7.18% 38.02% 51.67% 49.03% -10.86% 28.61% 52.42%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.00% 0.00%
SG&A Expenses to Revenue		 13.99% 19.77% 20.54% 14.74% 20.44% 17.40% 17.19% 16.59% 22.81% 20.54% 15.63%
Operating Expenses to Revenue		 32.78% 41.10% 36.74% 29.47% 41.64% 45.62% 28.81% 30.86% 44.81% 38.37% 26.61%
Earnings before Interest and Taxes (EBIT)		 105 -97 156 357 41 225 387 339 -60 132 403
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 119 -83 169 369 54 294 400 350 -48 144 414
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.94 2.67 1.83 2.48 1.94 2.60 2.63 2.25 2.33 3.07 2.87
Price to Tangible Book Value (P/TBV)		 2.08 2.91 1.98 2.67 2.12 2.71 2.73 2.33 2.40 3.17 2.96
Price to Revenue (P/Rev)		 1.68 2.17 1.56 2.19 1.76 2.34 2.52 2.38 2.61 3.17 3.31
Price to Earnings (P/E)		 3.97 8.58 6.47 10.49 9.42 7.52 6.68 6.35 7.69 9.93 10.21
Dividend Yield		 3.30% 2.79% 3.67% 2.77% 3.31% 2.35% 2.03% 2.12% 1.92% 1.67% 1.63%
Earnings Yield		 25.20% 11.65% 15.45% 9.53% 10.62% 13.30% 14.98% 15.75% 13.00% 10.08% 9.79%
Enterprise Value to Invested Capital (EV/IC)		 0.55 0.67 0.65 0.75 0.69 0.76 0.90 0.63 0.78 0.89 1.04
Enterprise Value to Revenue (EV/Rev)		 2.05 2.56 2.57 3.00 2.96 2.99 3.29 2.51 3.34 4.15 4.75
Enterprise Value to EBITDA (EV/EBITDA)		 3.44 6.79 7.05 9.22 9.92 6.11 5.73 4.40 6.38 9.07 10.32
Enterprise Value to EBIT (EV/EBIT)		 3.61 7.39 7.67 10.17 11.07 6.96 6.34 4.87 7.12 9.61 10.91
Enterprise Value to NOPAT (EV/NOPAT)		 4.82 9.94 10.37 13.86 15.04 9.32 8.50 6.53 9.54 12.61 14.26
Enterprise Value to Operating Cash Flow (EV/OCF)		 79.74 933.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 4.57 2.94 6.66 9.49 9.61 12.45 6.38 65.66 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.79 3.03 3.02 2.89 3.07 2.78 2.35 2.37 2.83 2.98 2.56
Long-Term Debt to Equity		 2.79 3.03 3.02 2.89 3.07 2.78 2.35 2.37 2.83 2.98 2.56
Financial Leverage		 2.66 2.88 2.86 2.76 2.92 2.90 2.66 2.60 2.94 2.89 2.46
Leverage Ratio		 14.08 14.97 15.11 14.59 15.45 16.07 14.65 13.81 15.07 14.66 12.66
Compound Leverage Factor		 14.08 14.97 15.11 14.59 15.45 16.07 14.65 13.81 15.07 14.66 12.66
Debt to Total Capital		 73.59% 75.19% 75.11% 74.27% 75.40% 73.54% 70.19% 70.29% 73.88% 74.89% 71.91%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 73.59% 75.19% 75.11% 74.27% 75.40% 73.54% 70.19% 70.29% 73.88% 74.89% 71.91%
Preferred Equity to Total Capital		 0.00% 3.61% 3.42% 0.00% 3.43% 3.53% 3.54% 0.00% 0.00% 2.92% 2.94%
Noncontrolling Interests to Total Capital		 3.35% 0.00% 0.00% 3.58% 0.00% 0.00% 0.00% 3.27% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 23.07% 21.20% 21.47% 22.16% 21.16% 22.93% 26.27% 26.44% 26.12% 22.20% 25.15%
Debt to EBITDA		 4.63 7.63 8.17 9.09 10.83 5.89 4.46 4.92 6.06 7.62 7.14
Net Debt to EBITDA		 0.42 0.67 2.39 2.07 3.52 1.05 1.11 0.00 1.38 1.85 2.85
Long-Term Debt to EBITDA		 4.63 7.63 8.17 9.09 10.83 5.89 4.46 4.92 6.06 7.62 7.14
Debt to NOPAT		 6.48 11.16 12.02 13.66 16.42 8.99 6.61 7.30 9.07 10.59 9.87
Net Debt to NOPAT		 0.58 0.99 3.52 3.11 5.34 1.60 1.65 0.00 2.07 2.57 3.94
Long-Term Debt to NOPAT		 6.48 11.16 12.02 13.66 16.42 8.99 6.61 7.30 9.07 10.59 9.87
Noncontrolling Interest Sharing Ratio		 12.21% 12.95% 12.97% 13.27% 13.28% 13.92% 12.74% 12.28% 6.38% 12.43% 11.12%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 121 1,051 374 441 219 22 540 -414 -897 -1,380 -1,153
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.81 5.20 1.61 1.78 0.82 0.08 1.95 -1.54 -3.06 -4.61 -4.10
Operating Cash Flow to Interest Expense		 0.02 0.00 0.04 -0.27 -0.22 -0.10 -0.28 -0.53 -0.39 0.02 -0.52
Operating Cash Flow Less CapEx to Interest Expense		 13.02 3.71 3.96 11.25 2.52 6.09 10.21 7.79 1.80 3.99 10.09
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.07 0.06 0.06 0.06 0.06 0.06 0.07 0.07 0.06 0.06 0.07
Fixed Asset Turnover		 13.47 12.52 12.96 12.52 12.34 13.39 14.65 14.75 14.88 14.86 15.27
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 7,505 6,962 7,341 7,020 7,315 7,108 7,091 7,686 8,170 8,600 8,548
Invested Capital Turnover		 0.27 0.24 0.25 0.25 0.23 0.26 0.27 0.26 0.25 0.24 0.24
Increase / (Decrease) in Invested Capital		 -46 -1,119 -256 -176 -190 146 -250 666 856 1,492 1,458
Enterprise Value (EV)		 4,104 4,661 4,759 5,292 5,052 5,417 6,401 4,829 6,349 7,673 8,884
Market Capitalization		 3,355 3,948 2,892 3,853 3,009 4,238 4,905 4,580 4,973 5,856 6,180
Book Value per Share		 $6.89 $5.90 $6.53 $6.42 $6.85 $7.20 $8.45 $9.23 $9.81 $8.99 $10.22
Tangible Book Value per Share		 $6.41 $5.43 $6.05 $5.95 $6.28 $6.90 $8.14 $8.93 $9.51 $8.69 $9.92
Total Capital		 7,505 6,962 7,341 7,020 7,315 7,108 7,091 7,686 8,170 8,600 8,548
Total Debt		 5,522 5,235 5,514 5,214 5,516 5,228 4,977 5,403 6,037 6,440 6,147
Total Long-Term Debt		 5,522 5,235 5,514 5,214 5,516 5,228 4,977 5,403 6,037 6,440 6,147
Net Debt		 498 462 1,616 1,187 1,792 928 1,245 -1.67 1,376 1,566 2,452
Capital Expenditures (CapEx)		 -1,954 -752 -913 -2,850 -733 -1,749 -2,901 -2,242 -641 -1,189 -2,983
Net Nonoperating Expense (NNE)		 0.00 9.47 0.00 0.00 0.00 0.00 0.00 0.00 3.46 0.00 0.00
Net Nonoperating Obligations (NNO)		 5,522 5,235 5,514 5,214 5,516 5,228 4,977 5,403 6,037 6,440 6,147
Total Depreciation and Amortization (D&A)		 14 13 13 13 13 69 12 12 11 12 11
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.29 ($0.27) $0.47 $1.11 $0.11 $0.75 $1.29 $1.13 ($0.23) $0.54 $1.43
Adjusted Weighted Average Basic Shares Outstanding		 251.27M 258.44M 241.50M 235.06M 226.12M 231.41M 220.42M 218.92M 214.87M 216.22M 210.68M
Adjusted Diluted Earnings per Share		 $0.29 ($0.27) $0.47 $1.10 $0.11 $0.73 $1.27 $1.11 ($0.23) $0.53 $1.40
Adjusted Weighted Average Diluted Shares Outstanding		 253.72M 261.50M 243.55M 237.59M 228.80M 234.06M 223.85M 222.47M 214.87M 219.93M 214.99M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 250.20M 241.19M 242.25M 226.08M 226.27M 220.35M 220.28M 217.46M 212.33M 210.42M 210.74M
Normalized Net Operating Profit after Tax (NOPAT)		 75 -68 119 265 29 168 290 252 -42 112 305
Normalized NOPAT Margin		 16.18% -19.83% 27.77% 49.95% 7.18% 38.02% 51.67% 49.03% -10.86% 28.61% 52.42%
Pre Tax Income Margin		 22.54% -28.33% 36.52% 67.19% 9.93% 50.85% 69.05% 65.87% -15.51% 33.89% 69.38%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.70 -0.48 0.67 1.44 0.15 0.80 1.40 1.26 -0.20 0.44 1.43
NOPAT to Interest Expense		 0.50 -0.33 0.51 1.07 0.11 0.60 1.05 0.94 -0.14 0.37 1.08
EBIT Less CapEx to Interest Expense		 13.69 3.24 4.60 12.97 2.89 6.99 11.89 9.58 1.98 4.42 12.05
NOPAT Less CapEx to Interest Expense		 13.49 3.38 4.43 12.60 2.85 6.78 11.54 9.26 2.04 4.35 11.69
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 14.59% 26.01% 26.36% 31.61% 35.73% 20.46% 15.56% 15.72% 17.27% 19.31% 19.26%
Augmented Payout Ratio		 109.57% 178.07% 145.80% 143.48% 159.84% 80.70% 64.94% 39.70% 61.14% 60.07% 59.74%

Financials Breakdown Chart

Key Financial Trends

SLM Corp has shown notable financial performance over the last several quarters and years. Reviewing the latest quarter (Q1 2025) alongside previous periods, several key trends and metrics emerge:

  • Net Interest Income Growth: Q1 2025 net interest income stood at $374.97 million, improving from $362.19 million in Q4 2024 and higher than most prior quarters, indicating strong core earnings from loans and leases.
  • Significant Increase in Non-Interest Income: Non-interest income surged to $206.04 million in Q1 2025, boosted by net realized and unrealized gains on investments of $177.36 million, a robust improvement over the $27.78 million in Q4 2024.
  • Strong Net Income Trends: Q1 2025 net income attributable to common shareholders was $300.58 million, more than doubling the $107.19 million in Q4 2024, reflecting improved profitability and operational efficiency.
  • Improved Earnings Per Share: Basic EPS increased sharply to $1.43 in Q1 2025 from $0.54 in Q4 2024, benefiting from higher net income and stable share counts.
  • Robust Operating Cash Flow in Recent Quarters: Although Q1 2025 operating cash flow was negative (-$145.24 million), previous quarters such as Q4 2024 showed positive operating cash of $4.54 million and positive cash flow overall in some quarters, indicating variability but capability to generate cash from operations.
  • Balance Sheet Highlights: Total assets slightly decreased from $30.01 billion in Q4 2024 to $28.90 billion in Q1 2025, with loans and leases net remaining strong around $21.1 billion. Total equity was $2.40 billion in Q1 2025, stable compared to prior quarters.
  • Stable Dividend Payments: The dividend per common share remained steady at $0.13 in Q1 2025, consistent with recent quarters, indicating commitment to shareholder returns.
  • Provision for Credit Losses Remains Elevated: Although improved from the extremely high provisions seen in some 2022 and 2023 quarters, Q1 2025's provision of $23.29 million still represents a significant cost and risk to profitability compared to earlier periods.
  • Cash and Equivalents Decline Due to Financing Outflows: The net change in cash & equivalents in Q1 2025 was negative $1.01 billion, driven mainly by net cash outflows from financing activities (-$1.36 billion), reflective of debt repayments and equity repurchases that may pressure liquidity if continued.
  • Volatility in Capital Gains: Net realized and unrealized capital gains have fluctuated considerably quarter to quarter, from a loss of $55.35 million in Q4 2022 to a substantial gain in Q1 2025. This volatility can impact earnings unpredictably.

Summary: SLM Corp's financials indicate a rebound in profitability in early 2025 with stronger net interest income, improved non-interest income mainly from capital gains, and a solid EPS increase. The company maintains a strong loan portfolio and modest equity base. However, investors should watch provisions for credit losses, cash flow variability, and the impact of financing activities on liquidity. The stock appears to benefit from operational improvements and capital management, but risk remains from credit and market-related exposures.

10/06/25 05:35 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About SLM's Financials

When does SLM's financial year end?

According to the most recent income statement we have on file, SLM's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has SLM's net income changed over the last 9 years?

SLM's net income appears to be on an upward trend, with a most recent value of $608.33 million in 2024, rising from $274.28 million in 2015. The previous period was $581.39 million in 2023. Check out SLM's forecast to explore projected trends and price targets.

How has SLM's revenue changed over the last 9 years?

Over the last 9 years, SLM's total revenue changed from $885.09 million in 2015 to $1.85 billion in 2024, a change of 108.9%.

How much debt does SLM have?

SLM's total liabilities were at $27.91 billion at the end of 2024, a 2.3% increase from 2023, and a 112.8% increase since 2015.

How much cash does SLM have?

In the past 9 years, SLM's cash and equivalents has ranged from $1.53 billion in 2017 to $5.56 billion in 2019, and is currently $4.70 billion as of their latest financial filing in 2024.

How has SLM's book value per share changed over the last 9 years?

Over the last 9 years, SLM's book value per share changed from 3.59 in 2015 to 8.99 in 2024, a change of 150.2%.


Related Companies

This page (NASDAQ:SLM) was last updated on 10/6/2025 by MarketBeat.com Staff
From Our Partners
Forget AI Stocks — This Device Will REPLACE the Microchip
While everyone's chasing the same AI plays, George Gilder is focused on something completely different. He ...
Banyan Hill Publishing | Sponsoredtc pixel
URGENT: The Market's 3 Red Flags Are Flashing
Here’s the uncomfortable truth: The smartest investors in the world are already preparing for a crash befor...
StockEarnings | Sponsoredtc pixel
Get my No. 1 gold stock now
Gold recently broke past $3,800 per ounce – setting yet another new all-time high. And Wall Street banks sa...
Stansberry Research | Sponsoredtc pixel
U.S. Government Sparking Crypto Rally
Altcoin ETFs could surge prices (do this now) My "Crypto Bull Run Millionaire Blueprint" breaks down exactl...
Crypto 101 Media | Sponsoredtc pixel
Another gold high? Here’s the move Wall Street is missing …
Gold has surged past $3,600 an ounce, up 45% in the last year, but Weiss Ratings analyst Sean Brodrick says th...
Weiss Ratings | Sponsoredtc pixel
INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off
Right now, we’re witnessing a monumental shift in the world.
Traders Agency | Sponsoredtc pixel
An $8 trillion-dollar discovery 17,000 ft underwater
A strange rock pulled from the ocean floor may hold the key to a $16 trillion resource boom. Inside it: materi...
Porter & Company | Sponsoredtc pixel
2013 miner reveals his trading system
While everyone else is gambling on meme coins or chasing the next "100x moonshot," our members are systematica...
Crypto Swap Profits | Sponsoredtc pixel