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Bread Financial (BFH) Financials

Bread Financial logo
$58.14 +0.31 (+0.54%)
Closing price 08/8/2025 03:59 PM Eastern
Extended Trading
$58.20 +0.06 (+0.10%)
As of 08/8/2025 04:20 PM Eastern
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Annual Income Statements for Bread Financial

Annual Income Statements for Bread Financial

This table shows Bread Financial'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		 597 516 789 963 278 214 801 223 718 277
Consolidated Net Income / (Loss)		 605 518 789 963 278 214 801 223 718 277
Net Income / (Loss) Continuing Operations		 605 518 769 946 506 208 797 224 737 279
Total Pre-Tax Income 		932 837 1,063 1,215 662 301 1,044 300 968 381
Total Revenue		 6,110 6,710 5,019 5,124 4,050 3,298 3,272 3,826 4,289 3,838
Net Interest Income / (Expense)		 -330 -429 -455 -542 4,189 3,453 3,485 4,181 4,266 4,064
Total Interest Income		 0.00 0.00 0.00 0.00 4,827 3,952 3,868 4,684 5,145 5,024
Loans and Leases Interest Income		 - - - - 4,729 3,931 3,861 4,615 4,961 4,820
Investment Securities Interest Income		 - - - - 98 21 7.00 69 184 204
Total Interest Expense		 330 429 455 542 638 499 383 503 879 960
Deposits Interest Expense		 54 85 125 166 307 238 167 243 541 608
Long-Term Debt Interest Expense		 277 344 174 377 331 261 216 260 338 352
Total Non-Interest Income		 6,440 7,138 5,475 5,667 -139 -155 -213 -355 23 -226
Other Service Charges		 - 3,640 - 4,695 219 177 146 114 128 144
Net Realized & Unrealized Capital Gains on Investments		 3,900 994 5,107 676 - - 10 0.00 230 11
Other Non-Interest Income		 - - - - -358 -332 -369 -469 -335 -381
Provision for Credit Losses		 668 941 - - 1,188 1,266 544 1,594 1,229 1,397
Total Non-Interest Expense		 4,510 4,932 3,957 3,909 2,200 1,731 1,684 1,932 2,092 2,060
Salaries and Employee Benefits		 - - - - 721 609 671 779 867 897
Net Occupancy & Equipment Expense		 - - - - 187 191 216 274 301 300
Marketing Expense		 - - - - 205 143 160 180 161 147
Other Operating Expenses		 4,018 4,420 3,769 3,716 991 682 545 586 647 626
Depreciation Expense		 142 167 74 81 96 106 92 113 116 90
Income Tax Expense		 326 319 293 270 156 93 247 76 231 102
Net Income / (Loss) Discontinued Operations		 - - 20 18 -228 6.00 4.00 -1.00 -19 -2.00
Basic Earnings per Share		 $8.91 $7.37 $14.17 $17.56 $5.38 $4.47 $16.09 $4.47 $14.39 $5.58
Weighted Average Basic Shares Outstanding		 61.90M 58.60M 55.70M 54.90M 50M 47.80M 49.70M 49.90M 49.80M 49.60M
Diluted Earnings per Share		 $8.85 $7.34 $14.10 $17.49 $5.46 $4.46 $16.02 $4.46 $14.34 $5.49
Weighted Average Diluted Shares Outstanding		 62.30M 58.90M 55.90M 55.10M 50.90M 47.90M 50M 50M 50M 50.40M
Weighted Average Basic & Diluted Shares Outstanding		 59.26M 55.93M 55.46M 53.00M 47.63M 49.70M 49.95M 50.12M 49.42M 49.09M
Cash Dividends to Common per Share		 $0.00 $0.52 $2.08 $0.57 $0.63 $1.26 $0.84 $0.84 $0.84 $0.84

Quarterly Income Statements for Bread Financial

This table shows Bread Financial'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		 134 -133 455 48 171 44 134 133 2.00 8.00 138
Consolidated Net Income / (Loss)		 134 -133 455 48 171 44 134 133 2.00 8.00 138
Net Income / (Loss) Continuing Operations		 134 -133 455 64 173 45 135 133 3.00 8.00 142
Total Pre-Tax Income 		189 -207 638 86 225 19 188 180 40 -27 197
Total Revenue		 979 1,033 1,289 952 1,031 1,017 991 939 983 925 970
Net Interest Income / (Expense)		 1,085 1,129 1,117 992 1,082 1,075 1,052 987 1,037 988 1,006
Total Interest Income		 1,218 1,325 1,335 1,197 1,301 1,312 1,300 1,228 1,277 1,219 1,231
Loans and Leases Interest Income		 1,195 1,290 1,289 1,153 1,256 1,263 1,247 1,174 1,224 1,175 1,185
Investment Securities Interest Income		 23 35 46 44 45 49 53 54 53 44 46
Total Interest Expense		 133 196 218 205 219 237 248 241 240 231 225
Deposits Interest Expense		 66 102 117 127 143 154 155 152 153 148 138
Long-Term Debt Interest Expense		 67 94 101 78 76 83 93 89 87 83 87
Total Non-Interest Income		 -106 -96 172 -40 -51 -58 -61 -48 -54 -63 -36
Other Service Charges		 30 39 29 34 33 32 31 31 37 45 47
Other Non-Interest Income		 -136 -135 -87 -74 -84 -90 -92 -84 -95 -110 -83
Provision for Credit Losses		 304 693 107 336 304 482 321 290 369 417 296
Total Non-Interest Expense		 486 547 544 530 502 516 482 469 574 535 477
Salaries and Employee Benefits		 202 207 220 217 210 220 213 214 228 242 215
Net Occupancy & Equipment Expense		 75 82 75 75 73 78 74 73 73 80 81
Marketing Expense		 44 55 39 40 36 46 28 33 38 48 35
Other Operating Expenses		 136 170 176 163 160 148 144 126 213 143 125
Depreciation Expense		 29 33 34 35 23 24 23 23 22 22 21
Income Tax Expense		 55 -74 183 22 52 -26 53 47 37 -35 55
Net Income / (Loss) Discontinued Operations		 0.00 - 0.00 -16 -2.00 -1.00 -1.00 0.00 -1.00 - -4.00
Basic Earnings per Share		 $2.69 ($2.67) $9.10 $0.95 $3.44 $0.88 $2.71 $2.69 $0.05 $0.13 $2.81
Weighted Average Basic Shares Outstanding		 49.80M 49.90M 50M 50.10M 49.90M 49.80M 49.50M 49.60M 49.70M 49.60M 49M
Diluted Earnings per Share		 $2.69 ($2.67) $9.08 $0.95 $3.42 $0.88 $2.70 $2.66 $0.05 $0.08 $2.78
Weighted Average Diluted Shares Outstanding		 49.90M 50M 50.10M 50.30M 50.10M 50M 49.70M 50.20M 51M 50.40M 49.60M
Weighted Average Basic & Diluted Shares Outstanding		 49.85M 50.12M 50.12M 50.22M 49.33M 49.42M 49.58M 49.68M 49.72M 49.09M 46.55M
Cash Dividends to Common per Share		 $0.21 $0.22 $0.21 $0.21 $0.21 $0.20 $0.21 $0.21 $0.21 - $0.21

Annual Cash Flow Statements for Bread Financial

This table details how cash moves in and out of Bread Financial'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		 91 487 2,346 -347 -10 -495 460 4.00 -311 98
Net Cash From Operating Activities		 1,760 2,127 2,599 2,755 1,218 1,883 1,543 1,848 1,987 1,859
Net Cash From Continuing Operating Activities		 1,760 2,127 2,599 2,755 1,218 1,883 1,543 1,848 1,987 1,859
Net Income / (Loss) Continuing Operations		 605 518 789 963 278 214 801 223 718 277
Consolidated Net Income / (Loss)		 605 518 789 963 278 214 801 223 718 277
Provision For Loan Losses		 668 941 1,140 1,016 1,188 1,266 544 1,594 1,229 1,397
Depreciation Expense		 492 512 498 487 249 184 123 113 116 90
Amortization Expense		 32 35 44 47 284 74 106 110 118 113
Non-Cash Adjustments to Reconcile Net Income		 -43 327 -96 227 -519 -138 10 -145 -222 49
Changes in Operating Assets and Liabilities, net		 5.30 -204 225 14 -262 283 -41 -47 28 -67
Net Cash From Investing Activities		 -3,363 -4,292 -4,268 -1,872 2,861 1,774 -1,691 -5,111 788 -1,169
Net Cash From Continuing Investing Activities		 -3,363 -4,292 -4,268 -1,872 2,861 1,774 -1,691 -5,111 788 -1,169
Purchase of Investment Securities		 -3,377 -4,742 -4,877 -3,031 -3,662 1,449 -2,163 -5,141 -1,725 -1,284
Sale and/or Maturity of Investments		 39 525 840 1,201 2,122 366 585 30 2,513 115
Net Cash From Financing Activities		 1,719 2,637 4,005 -1,218 -4,092 -4,167 608 3,267 -3,086 -592
Net Cash From Continuing Financing Activities		 1,719 2,637 4,005 -1,218 -4,092 -4,167 608 3,267 -3,086 -592
Net Change in Deposits		 849 2,790 2,543 864 356 -2,370 1,228 2,778 -209 -541
Issuance of Debt		 4,389 8,228 7,697 3,419 1,981 2,375 4,104 4,147 2,111 1,796
Repayment of Debt		 -2,258 -7,187 -7,341 -4,919 -5,310 -4,115 -4,551 -3,600 -4,909 -1,742
Repurchase of Common Equity		 -952 -799 -554 -443 -976 - 0.00 -12 -35 -55
Payment of Dividends		 0.00 -30 -116 -125 -127 -61 -42 -43 -42 -43
Other Financing Activities, Net		 -327 -384 -29 -31 -28 4.00 -131 -3.00 -2.00 -7.00
Cash Interest Paid		 311 405 551 720 672 488 357 466 861 922
Cash Income Taxes Paid		 304 467 344 234 1,071 268 325 338 292 227

Quarterly Cash Flow Statements for Bread Financial

This table details how cash moves in and out of Bread Financial'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		 -89 319 -295 -281 44 221 192 264 -601 243 522
Net Cash From Operating Activities		 608 497 398 343 629 617 447 477 456 479 393
Net Cash From Continuing Operating Activities		 608 497 398 343 629 617 447 477 456 479 393
Net Income / (Loss) Continuing Operations		 134 -134 455 48 172 43 134 134 2.00 7.00 138
Consolidated Net Income / (Loss)		 134 -134 455 48 172 43 134 134 2.00 7.00 138
Provision For Loan Losses		 304 692 107 335 305 482 321 290 369 417 296
Depreciation Expense		 29 33 34 35 23 24 23 23 22 22 21
Amortization Expense		 27 28 29 28 30 31 32 29 28 24 23
Non-Cash Adjustments to Reconcile Net Income		 -10 -89 -231 -4.00 22 -9.00 -37 11 80 -5.00 36
Changes in Operating Assets and Liabilities, net		 124 -33 4.00 -99 77 46 -26 -10 -45 14 -121
Net Cash From Investing Activities		 -591 -3,623 3,141 -281 -281 -1,791 720 31 -569 -1,351 691
Net Cash From Continuing Investing Activities		 -591 -3,623 3,141 -281 -281 -1,791 720 31 -569 -1,351 691
Purchase of Investment Securities		 -591 -3,653 636 -281 -285 -1,795 717 -73 -572 -1,356 686
Sale and/or Maturity of Investments		 - 30 2,505 - 4.00 4.00 3.00 104 3.00 5.00 5.00
Net Cash From Financing Activities		 -106 3,445 -3,834 -343 -304 1,395 -975 -244 -488 1,115 -562
Net Cash From Continuing Financing Activities		 -106 3,445 -3,834 -343 -304 1,395 -975 -244 -488 1,115 -562
Net Change in Deposits		 1,417 1,383 -689 -90 220 350 -293 -334 -148 234 17
Issuance of Debt		 110 2,500 300 596 123 1,092 93 500 151 1,052 289
Repayment of Debt		 -1,622 -428 -3,425 -806 -640 -38 -744 -401 -480 -117 -732
Repurchase of Common Equity		 - - 0.00 - -35 - -11 - - -44 -103
Payment of Dividends		 -10 -11 -11 -10 -11 -10 -11 -11 -10 -11 -12
Other Financing Activities, Net		 11 1.00 -9.00 -33 39 1.00 -9.00 2.00 -1.00 1.00 -21

Annual Balance Sheets for Bread Financial

This table presents Bread Financial'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		 22,350 25,514 30,685 30,388 26,495 22,547 21,746 25,407 23,141 22,891
Cash and Due from Banks		 1,168 1,859 4,190 3,817 3,874 2,796 3,046 3,891 3,590 3,679
Trading Account Securities		 - - - - - 225 239 221 253 266
Loans and Leases, Net of Allowance		 13,058 15,596 17,495 16,817 18,292 14,776 15,567 18,901 17,005 16,655
Loans and Leases		 13,800 16,544 18,614 17,855 19,463 16,784 17,399 21,365 19,333 18,896
Allowance for Loan and Lease Losses		 742 948 1,119 1,038 1,171 2,008 1,832 2,464 2,328 2,241
Premises and Equipment, Net		 577 586 614 288 282 213 215 195 167 142
Intangible Assets		 1,204 1,003 801 217 153 711 687 799 762 746
Other Assets		 2,073 2,345 3,116 7,735 2,337 3,826 1,992 1,400 1,364 1,403
Total Liabilities & Shareholders' Equity		 22,350 25,514 30,685 30,388 26,495 22,547 21,746 25,407 23,141 22,891
Total Liabilities		 20,173 23,856 28,830 28,056 24,907 21,025 19,660 23,142 20,223 19,840
Non-Interest Bearing Deposits		 5,606 4,673 6,366 11,794 6,942 9,793 11,027 13,826 13,620 13,082
Long-Term Debt		 11,131 11,742 14,756 13,238 10,033 8,516 7,439 8,007 5,292 5,557
Other Long-Term Liabilities		 1,062 4,523 5,267 795 6,033 2,716 1,194 1,309 1,311 1,201
Commitments & Contingencies		 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,010 1,658 1,855 2,332 1,588 1,522 2,086 2,265 2,918 3,051
Total Preferred & Common Equity		 2,010 1,658 1,855 2,332 1,588 1,522 2,086 2,265 2,918 3,051
Total Common Equity		 2,010 1,658 1,855 2,332 1,588 1,522 2,086 2,265 2,918 3,051
Common Stock		 2,982 3,047 3,101 3,174 3,259 3,428 2,175 2,193 2,170 2,074
Retained Earnings		 3,093 3,495 4,167 5,012 5,163 4,832 -87 93 767 999
Accumulated Other Comprehensive Income / (Loss)		 -137 -151 -140 -138 -100 -5.00 -2.00 -21 -19 -22

Quarterly Balance Sheets for Bread Financial

This table presents Bread Financial'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		 21,960 21,970 21,609 21,608 22,299 22,144 21,736 22,382
Cash and Due from Banks		 3,583 3,611 3,325 3,380 3,789 4,053 3,451 4,212
Trading Account Securities		 218 228 239 240 258 264 277 272
Loans and Leases, Net of Allowance		 16,053 15,837 15,754 15,715 15,930 15,579 15,743 15,643
Loans and Leases		 18,126 18,060 17,962 17,922 18,185 17,743 17,933 17,815
Allowance for Loan and Lease Losses		 2,073 2,223 2,208 2,207 2,255 2,164 2,190 2,172
Premises and Equipment, Net		 204 180 162 160 166 157 148 133
Intangible Assets		 690 790 780 771 753 744 754 738
Other Assets		 1,212 1,324 1,349 1,342 1,403 1,347 1,363 1,384
Total Liabilities & Shareholders' Equity		 21,960 21,970 21,609 21,608 22,299 22,144 21,736 22,382
Total Liabilities		 19,561 19,254 18,873 18,744 19,267 18,974 18,624 19,314
Non-Interest Bearing Deposits		 12,444 13,138 13,048 13,268 13,327 12,994 12,847 13,099
Long-Term Debt		 5,931 4,884 4,698 4,223 4,652 4,754 4,584 5,121
Other Long-Term Liabilities		 1,186 1,232 1,127 1,253 1,288 1,226 1,193 1,094
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,399 2,716 2,736 2,864 3,032 3,170 3,112 3,068
Total Preferred & Common Equity		 2,399 2,716 2,736 2,864 3,032 3,170 3,112 3,068
Total Common Equity		 2,399 2,716 2,736 2,864 3,032 3,170 3,112 3,068
Common Stock		 2,182 2,198 2,182 2,156 2,164 2,180 2,125 1,961
Retained Earnings		 238 537 574 735 890 1,012 1,003 1,126
Accumulated Other Comprehensive Income / (Loss)		 -21 -19 -20 -27 -22 -22 -16 -19

Annual Metrics And Ratios for Bread Financial

This table displays calculated financial ratios and metrics derived from Bread Financial'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		 42.33% 9.82% -25.19% 2.09% -20.96% -18.57% -0.79% 16.93% 12.10% -10.52%
EBITDA Growth		 47.71% -4.91% 15.92% 9.07% -31.70% -53.22% 583.18% -172.61% 1,638.62% -87.85%
EBIT Growth		 11.18% -10.15% 26.94% 14.35% -45.51% -54.53% 1,287.38% -171.26% 768.00% -86.88%
NOPAT Growth		 34.61% -14.50% 48.61% 22.92% -46.48% -58.89% 283.17% -143.79% 1,674.11% -81.07%
Net Income Growth		 17.30% -14.50% 52.38% 22.11% -71.13% -23.02% 274.30% -216.48% 665.92% -61.42%
EPS Growth		 12.45% -17.06% 92.10% 24.04% -71.13% -23.02% 259.19% -72.16% 443.05% -61.72%
Operating Cash Flow Growth		 61.84% 20.88% 22.18% 5.99% -55.79% 54.60% -18.06% 39.53% 22.56% -6.44%
Free Cash Flow Firm Growth		 70.82% 85.79% -1,162.62% 216.44% 118.26% -53.13% -908.94% 146.53% -14.33% 308.03%
Invested Capital Growth		 26.12% 4.70% 17.66% -6.89% -25.76% -16.51% -5.11% -64.05% -240.15% -65.05%
Revenue Q/Q Growth		 4.50% 0.19% -27.14% 43.19% -19.28% -2.64% 21.87% 4.88% -0.37% -2.34%
EBITDA Q/Q Growth		 -16.59% -40.71% -41.22% 45.63% 22.83% -71.60% 38.18% -33.63% 389.61% -8.61%
EBIT Q/Q Growth		 -26.72% -53.26% -51.38% 82.93% 10.02% -80.29% 68.48% 5.08% 291.37% -10.77%
NOPAT Q/Q Growth		 20.74% -24.69% 45.74% 0.49% -27.58% -21.66% 7.22% -46.28% 163.69% -11.71%
Net Income Q/Q Growth		 20.74% -24.69% 49.43% 1.42% -40.27% -28.48% 0.59% -40.21% 32.72% -11.50%
EPS Q/Q Growth		 20.08% -22.57% 49.21% 2.16% -40.27% -28.48% 0.19% -40.45% 32.29% -12.86%
Operating Cash Flow Q/Q Growth		 25.04% 2.10% 2.68% -3.87% -46.10% 60.06% -3.71% 9.61% 6.43% -6.91%
Free Cash Flow Firm Q/Q Growth		 65.95% 76.18% -140.48% 82,542.31% -10.04% -31.31% -3,898.20% 1,062.66% -534.85% 5,663.48%
Invested Capital Q/Q Growth		 11.71% 6.06% 14.19% 0.12% 2.99% 14.76% 187.65% 146.63% 247.54% 11.85%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 47.64% 20.62% 31.96% 34.14% 29.51% 16.95% 116.72% 41.01% 140.13% 15.22%
EBIT Margin		 30.50% 12.47% 63.50% 23.71% 16.35% 9.13% 127.63% 15.68% 67.71% 9.93%
Profit (Net Income) Margin		 19.82% 7.71% 31.43% 18.79% 6.86% 6.49% 48.96% 23.31% 33.48% 7.22%
Tax Burden Percent		 129.97% 61.84% 148.46% 79.27% 41.99% 71.10% 153.45% 297.33% 222.52% 72.70%
Interest Burden Percent		 200.00% 100.00% 300.00% 100.00% 100.00% 100.00% 300.00% 200.00% 400.00% 100.00%
Effective Tax Rate		 70.03% 38.16% 82.81% 22.18% 23.57% 30.90% 70.98% 50.67% 47.73% 26.77%
Return on Invested Capital (ROIC)		 4.55% 3.58% 4.78% 5.63% 3.59% 1.89% 8.15% 5.51% 5.13% 1.68%
ROIC Less NNEP Spread (ROIC-NNEP)		 14.25% 3.58% 0.00% 5.75% 1.71% 1.95% 0.00% 9.82% 14.84% 1.66%
Return on Net Nonoperating Assets (RNNOA)		 93.24% 23.41% 0.00% 40.37% 10.60% 11.88% 0.00% 40.62% 40.68% 5.96%
Return on Equity (ROE)		 117.18% 26.99% 0.00% 46.00% 14.18% 13.76% 0.00% 30.81% 101.86% 7.64%
Cash Return on Invested Capital (CROIC)		 -7.71% -1.01% -11.44% 12.76% 33.16% 19.88% -181.36% 42.50% -18.17% 98.09%
Operating Return on Assets (OROA)		 22.76% 3.50% 3.78% 3.98% 2.33% 1.23% 0.00% 1.27% 19.94% 1.66%
Return on Assets (ROA)		 2.84% 2.16% 2.81% 3.15% 0.98% 0.87% 0.00% 4.46% 11.83% 1.20%
Return on Common Equity (ROCE)		 106.84% 25.81% 0.00% 46.00% 14.18% 13.76% 0.00% 50.50% 25.47% 7.64%
Return on Equity Simple (ROE_SIMPLE)		 30.12% 31.21% 85.02% 41.30% 17.50% 14.06% 76.80% 19.69% 98.42% 9.08%
Net Operating Profit after Tax (NOPAT)		 605 518 769 946 506 208 797 224 1,474 279
NOPAT Margin		 19.82% 7.71% 15.32% 18.45% 12.49% 6.31% 48.72% 11.71% 34.37% 7.27%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% -0.27% -0.12% 1.88% -0.06% -0.20% 0.08% 0.36% 0.02%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 27.48% 28.59% 96.00% 64.45% 92.96% 35.02%
Operating Expenses to Revenue		 147.63% 73.51% 157.66% 76.29% 54.32% 52.49% 154.40% 252.48% 97.55% 53.67%
Earnings before Interest and Taxes (EBIT)		 932 837 1,063 1,215 662 301 4,176 600 2,904 381
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,455 1,384 1,604 1,750 1,195 559 3,819 523 4,808 584
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 7.42 7.04 6.73 3.16 2.99 2.17 1.84 2.42 0.54 0.99
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 6.35 9.88 4.08 2.75 2.48 1.50 1.31
Price to Revenue (P/Rev)		 2.44 1.74 2.49 1.44 1.17 1.00 2.14 0.95 0.37 0.79
Price to Earnings (P/E)		 25.00 22.62 15.84 7.65 17.07 15.46 8.76 8.08 2.21 10.92
Dividend Yield		 0.00% 0.26% 0.92% 1.69% 2.45% 1.82% 3.43% 2.90% 6.50% 1.38%
Earnings Yield		 7.89% 4.42% 6.31% 13.07% 5.86% 6.47% 71.31% 12.37% 45.20% 9.16%
Enterprise Value to Invested Capital (EV/IC)		 1.80 1.53 1.34 1.04 0.89 0.90 0.86 1.16 0.40 0.57
Enterprise Value to Revenue (EV/Rev)		 8.38 3.37 4.63 3.29 2.64 2.74 2.52 1.55 1.55 1.28
Enterprise Value to EBITDA (EV/EBITDA)		 17.45 16.34 29.16 9.63 8.96 16.15 6.47 45.47 2.74 8.40
Enterprise Value to EBIT (EV/EBIT)		 27.26 27.01 21.88 13.87 16.17 30.00 22.38 59.42 6.85 12.87
Enterprise Value to NOPAT (EV/NOPAT)		 84.61 43.68 30.23 17.83 21.16 43.41 10.33 53.00 9.00 17.57
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.43 10.63 8.95 6.12 8.79 4.80 10.24 6.42 3.34 2.64
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 7.86 2.29 4.12 0.00 0.72 0.00 0.30
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 5.48 7.92 8.38 5.94 6.57 5.60 0.00 14.14 3.63 1.82
Long-Term Debt to Equity		 0.00 7.08 0.00 5.68 6.32 5.60 0.00 17.68 5.44 1.82
Financial Leverage		 9.07 6.54 8.16 7.02 6.20 6.09 0.00 17.36 20.55 3.59
Leverage Ratio		 26.58 12.48 47.99 14.58 14.51 15.77 0.00 33.27 28.10 7.71
Compound Leverage Factor		 26.58 12.48 31.99 14.58 14.51 15.77 0.00 33.27 28.10 7.71
Debt to Total Capital		 84.58% 88.78% 0.00% 85.60% 86.79% 84.84% 0.00% 233.85% 322.29% 64.56%
Short-Term Debt to Total Capital		 0.00% 9.35% 4.50% 3.86% 3.35% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 78.83% 79.43% 84.83% 81.74% 83.44% 84.84% 0.00% 233.85% 257.83% 64.56%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 14.24% 11.22% 10.67% 14.40% 13.21% 15.16% 0.00% 66.15% 106.63% 35.44%
Debt to EBITDA		 8.21 9.48 9.69 7.92 8.73 15.23 11.69 15.31 13.21 9.52
Net Debt to EBITDA		 21.27 7.91 13.41 5.42 4.99 10.23 13.80 31.48 4.25 3.22
Long-Term Debt to EBITDA		 15.30 8.49 18.40 7.57 8.40 15.23 17.53 15.31 13.21 9.52
Debt to NOPAT		 59.18 25.36 20.20 14.66 20.62 40.94 18.67 71.49 21.54 19.92
Net Debt to NOPAT		 51.13 21.14 27.97 10.03 11.78 27.50 16.54 55.13 4.62 6.73
Long-Term Debt to NOPAT		 55.16 22.69 38.37 14.00 19.83 40.94 37.34 107.24 21.54 19.92
Noncontrolling Interest Sharing Ratio		 26.28% 4.36% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,026 -146 -1,841 2,144 4,678 2,193 -17,740 23,495 -7,836 16,301
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		 76.20 -0.34 -4.04 3.95 7.33 4.39 -46.32 16.41 -5.94 16.98
Operating Cash Flow to Interest Expense		 10.66 4.96 11.41 5.08 1.91 3.77 20.14 7.35 11.30 1.94
Operating Cash Flow Less CapEx to Interest Expense		 10.66 4.96 11.41 5.08 1.91 3.77 8.06 7.35 9.04 1.94
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.89 0.28 0.57 0.17 0.14 0.13 0.15 0.76 0.88 0.17
Fixed Asset Turnover		 10.75 11.54 8.37 11.36 14.20 13.32 15.29 18.66 71.09 24.84
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 14,120 14,783 17,393 16,195 12,023 10,038 28,575 20,544 24,630 8,608
Invested Capital Turnover		 1.44 0.46 0.00 0.31 0.29 0.30 0.33 2.43 1.19 0.23
Increase / (Decrease) in Invested Capital		 1,631 663 2,610 -1,198 -4,172 -1,985 18,537 12,513 16,344 -16,022
Enterprise Value (EV)		 25,397 22,610 23,250 16,855 10,705 9,029 8,234 5,918 3,291 4,903
Market Capitalization		 14,911 11,668 12,491 7,368 4,746 3,309 3,841 1,802 1,589 3,025
Book Value per Share		 $32.88 $28.71 $33.58 $42.81 $34.49 $31.89 $41.90 $181.73 $177.46 $61.37
Tangible Book Value per Share		 ($49.20) ($54.46) ($51.14) $21.29 $10.42 $16.99 $28.10 $58.81 $131.12 $46.36
Total Capital		 14,120 14,783 17,393 16,195 12,023 10,038 38,100 30,816 16,420 8,608
Total Debt		 11,943 13,125 15,538 13,863 10,435 8,516 14,878 24,021 21,168 5,557
Total Long-Term Debt		 11,131 11,742 14,756 13,238 10,033 8,516 14,878 8,007 15,876 5,557
Net Debt		 10,318 10,942 10,759 9,487 5,960 5,720 17,572 12,348 5,106 1,878
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 -20 -18 228 -6.00 -12 2.00 76 2.00
Net Nonoperating Obligations (NNO)		 11,943 13,125 15,538 13,863 10,435 8,516 29,756 16,014 15,876 5,557
Total Depreciation and Amortization (D&A)		 524 547 542 535 533 258 687 669 702 203
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $7.26 $6.01 $11.55 $14.31 $4.37 $3.64 $16.09 $4.47 $14.39 $5.58
Adjusted Weighted Average Basic Shares Outstanding		 75.91M 71.90M 68.34M 67.36M 61.35M 58.65M 49.70M 49.90M 49.80M 49.60M
Adjusted Diluted Earnings per Share		 $7.21 $5.98 $11.49 $14.26 $4.45 $3.64 $16.02 $4.46 $14.34 $5.49
Adjusted Weighted Average Diluted Shares Outstanding		 76.44M 72.26M 68.58M 67.60M 62.45M 58.77M 50M 50M 50M 50.40M
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		 72.71M 68.62M 68.05M 65.02M 58.43M 60.97M 49.95M 50.12M 49.42M 49.09M
Normalized Net Operating Profit after Tax (NOPAT)		 605 518 769 946 506 208 1,594 224 1,474 279
Normalized NOPAT Margin		 19.82% 7.71% 30.65% 18.45% 12.49% 6.31% 48.72% 17.56% 85.92% 7.27%
Pre Tax Income Margin		 30.50% 12.47% 21.17% 23.71% 16.35% 9.13% 31.91% 15.68% 45.14% 9.93%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 2.82 1.95 2.33 2.24 1.04 0.60 5.45 1.19 2.20 0.40
NOPAT to Interest Expense		 5.50 1.21 3.38 1.74 0.79 0.42 6.24 1.34 1.68 0.29
EBIT Less CapEx to Interest Expense		 2.82 1.95 4.67 2.24 1.04 0.60 5.45 2.39 1.10 0.40
NOPAT Less CapEx to Interest Expense		 3.67 1.21 1.69 1.74 0.79 0.42 4.16 1.34 2.52 0.29
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 5.80% 14.64% 13.00% 45.68% 28.50% 15.73% 57.85% 11.70% 15.52%
Augmented Payout Ratio		 157.19% 160.12% 254.55% 59.02% 396.76% 28.50% 20.97% 73.99% 42.90% 35.38%

Quarterly Metrics And Ratios for Bread Financial

This table displays calculated financial ratios and metrics derived from Bread Financial'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		 15.04% 20.82% 39.96% 6.61% 5.31% -1.55% -23.12% -1.37% -4.66% -9.05% -2.12%
EBITDA Growth		 -22.71% -222.69% 100.29% 101.35% 13.47% 252.05% -65.34% 55.70% -67.63% -91.44% -0.82%
EBIT Growth		 -27.03% -423.44% 111.26% 437.50% 19.05% 127.54% -70.53% 109.30% -82.22% -147.37% 4.79%
NOPAT Growth		 -34.95% -341.50% 115.64% 866.67% 58.21% 131.06% -70.33% 107.81% -98.27% -142.00% 5.19%
Net Income Growth		 -40.18% -882.35% 116.67% 300.00% 27.61% 133.08% -70.55% 177.08% -98.83% -81.82% 2.99%
EPS Growth		 -39.82% -885.29% 116.19% 280.00% 27.14% 132.96% -70.26% 180.00% -98.54% -90.91% 2.96%
Operating Cash Flow Growth		 28.00% 48.36% -19.92% 78.86% 3.45% 24.14% 12.31% 39.07% -27.50% -22.37% -12.08%
Free Cash Flow Firm Growth		 277.15% -2,048.32% 1,826.61% 7,223.14% -37.04% 137.34% -97.32% -115.24% -142.80% 86.93% -811.76%
Invested Capital Growth		 -16.14% 7.84% -15.99% -23.46% -14.92% -240.15% 1.11% 6.59% 8.59% -47.58% 6.57%
Revenue Q/Q Growth		 9.63% 5.52% 24.78% -26.14% 8.30% -1.36% -2.56% -5.25% 4.69% -5.90% 4.86%
EBITDA Q/Q Growth		 231.08% -159.59% 580.14% -156.57% 173.15% -20.14% 9.46% -4.53% -61.21% -78.89% 1,168.42%
EBIT Q/Q Growth		 1,081.25% -209.52% 408.21% -173.04% 323.26% -74.67% 229.82% -4.26% -77.78% -167.50% 829.63%
NOPAT Q/Q Growth		 1,016.67% -208.13% 414.01% -171.87% 170.31% -73.99% 200.00% -1.48% -97.74% -730.00% 851.32%
Net Income Q/Q Growth		 1,016.67% -199.25% 442.11% -89.45% 512.50% -74.27% 204.55% -0.75% -98.50% 300.00% 1,625.00%
EPS Q/Q Growth		 976.00% -199.26% 440.07% -179.07% 260.00% -74.27% 206.82% -1.48% -98.12% 60.00% 3,375.00%
Operating Cash Flow Q/Q Growth		 147.15% -18.26% -19.92% -13.82% 166.76% -1.91% -27.55% 6.71% -4.40% 5.04% -17.95%
Free Cash Flow Firm Q/Q Growth		 2,654.04% -742.42% 117.03% 23.20% -79.08% 194.42% -98.78% -800.00% -69.75% 1,385.99% -104.66%
Invested Capital Q/Q Growth		 -14.23% 146.63% -63.01% -2.18% -9.34% 131.69% -53.20% 3.12% -2.88% 11.85% -4.87%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 25.03% -14.13% 54.38% 31.30% 53.93% 7.28% 24.52% 24.71% 9.16% 2.05% 24.85%
EBIT Margin		 19.31% -20.04% 49.50% 9.03% 43.65% 1.87% 18.97% 19.17% 4.07% -2.92% 20.31%
Profit (Net Income) Margin		 13.69% -12.88% 35.30% 10.08% 16.59% 4.33% 13.52% 14.16% 0.20% 0.86% 14.23%
Tax Burden Percent		 70.90% 64.25% 71.32% 55.81% 76.00% 0.00% 71.28% 73.89% 5.00% -29.63% 70.05%
Interest Burden Percent		 100.00% 0.00% 100.00% 100.00% 200.00% 0.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 29.10% 0.00% 28.68% 51.16% 46.22% -136.84% 28.19% 26.11% 92.50% 0.00% 27.92%
Return on Invested Capital (ROIC)		 5.47% -5.42% 17.79% 3.34% 18.74% 1.32% 7.11% 7.34% 0.16% -0.63% 7.04%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.47% -5.27% 17.79% 3.07% 18.66% 1.31% 7.09% 7.34% 0.14% -0.43% 6.96%
Return on Net Nonoperating Assets (RNNOA)		 16.03% -18.70% 41.62% 7.44% 18.00% 7.43% 11.77% 11.74% 0.21% -1.90% 11.15%
Return on Equity (ROE)		 21.50% -24.12% 59.41% 10.77% 27.37% 8.75% 18.88% 19.08% 0.37% -2.53% 18.19%
Cash Return on Invested Capital (CROIC)		 22.13% 237.36% 23.00% 32.64% 23.38% -109.01% 4.36% -0.05% -3.96% 130.26% -2.76%
Operating Return on Assets (OROA)		 3.19% -3.25% 9.68% 3.54% 4.31% 0.33% 3.42% 3.49% 0.74% -0.49% 3.47%
Return on Assets (ROA)		 2.26% -2.09% 6.90% 0.99% 3.28% 0.76% 2.44% 2.58% 0.04% 0.14% 2.43%
Return on Common Equity (ROCE)		 21.50% -24.12% 59.41% 10.77% 27.37% 8.75% 18.88% 19.08% 0.37% -2.53% 18.19%
Return on Equity Simple (ROE_SIMPLE)		 15.55% 0.00% 17.23% 18.42% 18.89% 0.00% 13.09% 15.21% 10.06% 0.00% 9.16%
Net Operating Profit after Tax (NOPAT)		 134 -145 455 64 173 45 135 133 3.00 -19 142
NOPAT Margin		 13.69% -14.03% 35.30% 6.72% 16.78% 4.42% 13.62% 14.16% 0.31% -2.04% 14.64%
Net Nonoperating Expense Percent (NNEP)		 0.00% -0.15% 0.00% 0.26% 0.04% 0.01% 0.02% 0.00% 0.02% -0.20% 0.08%
SG&A Expenses to Revenue		 32.79% 33.30% 25.91% 34.87% 30.94% 33.83% 31.79% 34.08% 34.49% 40.00% 34.12%
Operating Expenses to Revenue		 49.64% 52.95% 42.20% 111.34% 97.38% 50.74% 48.64% 49.95% 58.39% 57.84% 49.18%
Earnings before Interest and Taxes (EBIT)		 189 -207 638 86 225 57 188 180 40 -27 197
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 245 -146 701 149 278 222 243 232 90 19 241
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.62 0.80 0.54 0.56 0.59 0.54 0.60 0.69 0.76 0.99 0.80
Price to Tangible Book Value (P/TBV)		 0.88 1.23 0.77 0.79 0.81 0.74 0.80 0.91 1.00 1.31 1.06
Price to Revenue (P/Rev)		 0.41 0.95 0.35 0.36 0.39 1.90 0.46 0.55 0.60 0.79 0.64
Price to Earnings (P/E)		 4.02 8.08 3.15 3.06 3.13 6.77 4.59 4.56 7.55 10.92 8.75
Dividend Yield		 2.79% 5.79% 3.57% 6.82% 6.24% 12.91% 1.71% 1.42% 1.32% 1.38% 1.68%
Earnings Yield		 24.89% 36.80% 31.71% 32.71% 32.00% 133.95% 21.78% 21.91% 13.24% 9.16% 11.43%
Enterprise Value to Invested Capital (EV/IC)		 0.46 0.58 0.36 0.39 0.36 1.62 0.35 0.37 0.45 0.57 0.41
Enterprise Value to Revenue (EV/Rev)		 1.05 1.55 0.66 0.69 0.59 1.55 0.67 0.73 0.89 1.28 0.88
Enterprise Value to EBITDA (EV/EBITDA)		 4.88 11.32 3.15 3.07 5.52 1.38 3.61 3.51 5.47 8.40 5.79
Enterprise Value to EBIT (EV/EBIT)		 6.74 19.79 4.32 4.13 3.41 1.13 5.19 4.74 8.19 12.87 8.63
Enterprise Value to NOPAT (EV/NOPAT)		 9.22 53.00 5.87 5.60 4.53 6.76 6.44 5.97 11.07 17.57 11.77
Enterprise Value to Operating Cash Flow (EV/OCF)		 2.28 9.65 1.57 1.58 1.36 5.02 1.32 1.34 1.75 2.64 1.87
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.90 0.25 1.44 1.04 1.41 0.00 8.07 0.00 0.00 0.30 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.47 7.07 1.80 3.43 1.47 5.44 1.53 1.50 1.47 1.82 1.67
Long-Term Debt to Equity		 2.47 7.07 1.80 1.72 2.95 5.44 1.53 1.50 1.47 1.82 1.67
Financial Leverage		 2.93 7.10 2.34 2.42 3.86 11.31 1.66 1.60 1.47 4.48 1.60
Leverage Ratio		 9.52 44.49 8.61 8.66 8.28 28.10 7.70 7.41 7.25 7.71 7.32
Compound Leverage Factor		 9.52 0.00 8.61 17.33 16.56 0.00 7.70 7.41 7.25 7.71 7.32
Debt to Total Capital		 71.20% 155.90% 64.26% 63.20% 59.59% 193.37% 60.54% 60.00% 59.56% 64.56% 62.54%
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		 71.20% 77.95% 64.26% 63.20% 59.59% 64.46% 60.54% 60.00% 59.56% 64.56% 62.54%
Preferred Equity 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%
Noncontrolling Interests 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%
Common Equity to Total Capital		 28.80% 44.10% 35.74% 36.80% 80.82% 177.71% 39.46% 40.01% 40.44% 35.44% 37.46%
Debt to EBITDA		 7.53 15.31 5.59 4.95 4.30 2.20 6.25 5.75 7.17 9.52 8.80
Net Debt to EBITDA		 2.98 39.35 1.46 1.45 1.83 0.71 1.16 0.85 1.77 3.22 1.56
Long-Term Debt to EBITDA		 7.53 45.93 5.59 9.90 4.30 3.30 6.25 5.75 7.17 9.52 8.80
Debt to NOPAT		 14.22 71.49 10.44 9.03 7.55 14.36 11.16 9.78 14.51 19.92 17.91
Net Debt to NOPAT		 5.63 18.38 2.72 2.64 3.02 2.31 2.07 1.44 3.59 6.73 3.18
Long-Term Debt to NOPAT		 14.22 107.24 10.44 9.03 7.55 10.77 11.16 9.78 14.51 19.92 17.91
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,738 -11,164 1,901 2,342 1,416 4,169 51 -357 -606 7,793 -363
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		 13.07 -56.96 8.72 22.85 6.47 17.59 0.21 -1.48 -2.53 33.74 -1.61
Operating Cash Flow to Interest Expense		 4.57 2.54 1.83 1.67 2.87 2.60 1.80 1.98 1.90 2.07 1.75
Operating Cash Flow Less CapEx to Interest Expense		 4.57 2.54 1.83 3.35 5.74 2.60 1.80 1.98 1.90 2.07 1.75
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.17 1.07 0.20 0.20 0.40 0.35 0.18 0.18 0.18 0.17 0.17
Fixed Asset Turnover		 14.70 18.66 20.97 22.33 23.65 94.78 23.07 24.94 25.52 24.84 25.53
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 8,330 20,544 7,600 7,434 7,087 16,420 7,684 7,924 7,696 8,608 8,189
Invested Capital Turnover		 0.40 1.13 0.50 0.50 0.56 0.30 0.52 0.52 0.53 0.31 0.48
Increase / (Decrease) in Invested Capital		 -1,604 11,019 -1,446 -2,278 -1,243 -12,372 84 490 609 -7,812 505
Enterprise Value (EV)		 3,847 5,918 2,749 2,914 2,534 13,308 2,686 2,901 3,497 4,903 3,368
Market Capitalization		 1,499 1,802 1,476 1,541 1,691 1,589 1,823 2,200 2,364 3,025 2,459
Book Value per Share		 $48.13 $181.73 $54.19 $54.59 $57.02 $118.30 $61.35 $63.93 $62.64 $61.37 $62.49
Tangible Book Value per Share		 $34.29 $58.81 $38.43 $39.03 $41.67 $87.41 $46.11 $48.93 $47.47 $46.36 $47.46
Total Capital		 8,330 41,088 7,600 7,434 7,087 24,630 7,684 7,924 7,696 8,608 8,189
Total Debt		 5,931 24,021 4,884 4,698 4,223 10,584 4,652 4,754 4,584 5,557 5,121
Total Long-Term Debt		 5,931 24,021 4,884 4,698 4,223 15,876 4,652 4,754 4,584 5,557 5,121
Net Debt		 2,348 12,348 1,273 1,373 843 3,404 863 701 1,133 1,878 909
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 -12 0.00 16 2.00 2.00 1.00 0.00 1.00 -27 4.00
Net Nonoperating Obligations (NNO)		 5,931 24,021 4,884 4,698 4,223 21,168 4,652 4,754 4,584 5,557 5,121
Total Depreciation and Amortization (D&A)		 56 183 63 63 53 110 55 52 50 46 44
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.69 ($2.67) $9.10 $0.95 $3.44 $0.88 $2.71 $2.69 $0.05 $0.13 $2.81
Adjusted Weighted Average Basic Shares Outstanding		 49.80M 49.90M 50M 50.10M 49.90M 49.80M 49.50M 49.60M 49.70M 49.60M 49M
Adjusted Diluted Earnings per Share		 $2.69 ($2.67) $9.08 $0.95 $3.42 $0.88 $2.70 $2.66 $0.05 $0.08 $2.78
Adjusted Weighted Average Diluted Shares Outstanding		 49.90M 50M 50.10M 50.30M 50.10M 50M 49.70M 50.20M 51M 50.40M 49.60M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($2.67) $0.00 $0.00 $0.00 $0.88 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 49.85M 50.12M 50.12M 50.22M 49.33M 49.42M 49.58M 49.68M 49.72M 49.09M 46.55M
Normalized Net Operating Profit after Tax (NOPAT)		 134 -145 455 64 173 27 135 133 28 -19 142
Normalized NOPAT Margin		 13.69% -14.03% 35.30% 6.72% 16.78% 1.31% 13.62% 14.16% 2.85% -2.04% 14.64%
Pre Tax Income Margin		 19.31% -20.04% 49.50% 18.07% 21.82% 1.87% 18.97% 19.17% 4.07% -2.92% 20.31%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.42 -1.06 2.93 0.84 1.03 0.08 0.76 0.75 0.17 -0.12 0.88
NOPAT to Interest Expense		 1.01 -0.74 2.09 0.31 1.58 0.19 0.54 0.55 0.01 -0.08 0.63
EBIT Less CapEx to Interest Expense		 1.42 -1.06 2.93 0.84 1.03 0.08 0.76 0.75 0.17 -0.12 0.88
NOPAT Less CapEx to Interest Expense		 1.01 -0.74 2.09 0.62 1.58 0.19 0.54 0.55 0.01 -0.08 0.63
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 11.53% 38.57% 9.40% 16.67% 7.95% 11.70% 10.58% 8.92% 13.42% 15.52% 15.66%
Augmented Payout Ratio		 14.75% 98.65% 9.40% 16.67% 14.42% 10.72% 22.17% 18.46% 16.93% 35.38% 67.97%

Key Financial Trends

Bread Financial Holdings, Inc. (NYSE:BFH) has shown a mixed financial performance over the past four years, including Q1 2025. Analyzing key financial metrics from income statements, cash flow statements, and balance sheets reveals notable trends.

  • Net interest income increased from $988 million in Q4 2024 to $1.006 billion in Q1 2025, indicating growing profitability from core lending and investment activities.
  • Net income attributable to common shareholders surged to $138 million in Q1 2025 from just $8 million in Q4 2024, showing a significant profitability recovery quarter-over-quarter.
  • Strong operating cash flows in Q1 2025 at $393 million, supporting liquidity and funding without excessive new borrowing.
  • Total assets have steadily increased from approximately $21.96 billion in Q3 2022 to $22.38 billion by Q1 2025, implying asset growth and business expansion.
  • Allowance for loan and lease losses has stabilized near $2.17-$2.25 billion, showing cautious risk management in loan portfolios.
  • Provision for credit losses declined from very high levels (e.g., $693 million in Q4 2022) to $296 million in Q1 2025, which may reflect improving credit quality or adjustment in provisioning policies.
  • Total interest expense slightly decreased from $248 million in Q1 2024 to $225 million in Q1 2025, possibly due to lower borrowing costs or debt optimization.
  • Depreciation and amortization expenses have remained roughly steady between $20-$35 million, reflecting stable asset base depreciation.
  • Common equity rose moderately from about $2.4 billion in Q3 2022 to $3.07 billion in Q1 2025, indicating retained earnings growth and capital accumulation.
  • Non-interest income has been volatile and negative in several quarters, including a -$36 million total non-interest income in Q1 2025, which may hurt overall profitability.
  • Marketing and other operating expenses remain substantial and relatively high, with total non-interest expenses around $477 million in Q1 2025, constraining net income margins.
  • Net income swung drastically from losses (e.g., -$133 million in Q4 2022) to profits, showing high earnings volatility in recent years.
  • Net cash from financing activities in Q1 2025 was negative $562 million, driven by debt repayments and stock repurchases, which may pressure liquidity if continuing.
  • Loans and leases net of allowance have been relatively flat or slightly fluctuating, which may indicate limited loan growth or challenges in expanding credit book.

Summary: Bread Financial Holdings experienced a strong rebound in earnings and net interest income in early 2025, supported by disciplined credit loss provisioning and stable asset growth. However, challenges remain in controlling non-interest income volatility and high operating expenses. The firm’s steady capital base and positive operating cash flows provide a solid foundation, but investors should monitor expenses and non-interest income trends alongside credit quality improvement for sustainable future performance.

08/09/25 07:14 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Bread Financial's Financials

When does Bread Financial's financial year end?

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

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

Bread Financial's net income appears to be on a downward trend, with a most recent value of $277 million in 2024, falling from $605.40 million in 2015. The previous period was $718 million in 2023. See where experts think Bread Financial is headed by visiting Bread Financial's forecast page.

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

Over the last 9 years, Bread Financial's total revenue changed from $6.11 billion in 2015 to $3.84 billion in 2024, a change of -37.2%.

How much debt does Bread Financial have?

Bread Financial's total liabilities were at $19.84 billion at the end of 2024, a 1.9% decrease from 2023, and a 1.6% decrease since 2015.

How much cash does Bread Financial have?

In the past 9 years, Bread Financial's cash and equivalents has ranged from $1.17 billion in 2015 to $4.19 billion in 2017, and is currently $3.68 billion as of their latest financial filing in 2024.

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

Over the last 9 years, Bread Financial's book value per share changed from 32.88 in 2015 to 61.37 in 2024, a change of 86.7%.


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This page (NYSE:BFH) was last updated on 8/9/2025 by MarketBeat.com Staff
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