Synchrony Financial (SYF) Financials

$70.97 +0.07 (+0.10%)

Closing price 03:59 PM Eastern

Extended Trading

$71.00 +0.03 (+0.04%)

As of 06:38 PM Eastern

Annual Income Statements for Synchrony Financial

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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	6,800	7,267	2,251	1,935	2,790	3,747	1,385	4,179	3,016	2,196	3,427
Consolidated Net Income / (Loss)	2,109	2,214	2,251	1,935	2,790	3,747	1,385	4,221	3,016	2,238	3,499
Net Income / (Loss) Continuing Operations	6,800	7,267	2,251	1,935	2,790	3,747	1,385	4,221	3,016	2,238	3,499
Total Pre-Tax Income	3,386	3,531	3,570	3,324	3,644	4,887	1,797	5,503	3,962	2,904	4,553
Total Revenue	8,093	8,397	6,986	12,367	13,284	9,132	9,497	10,192	12,630	13,627	16,125
Net Interest Income / (Expense)	8,745	9,355	10,628	12,079	13,019	8,761	9,092	14,239	12,250	16,999	18,011
Total Interest Income	12,242	13,228	14,778	16,407	17,988	19,090	16,067	15,271	17,146	20,710	22,645
Loans and Leases Interest Income	12,216	13,179	14,682	16,219	17,644	18,705	15,950	15,228	16,881	19,902	21,596
Investment Securities Interest Income	26	49	96	188	344	385	117	43	265	808	1,049
Total Interest Expense	4,634	5,223	8,136	4,328	4,969	10,329	6,975	1,032	1,521	3,711	4,634
Deposits Interest Expense	470	607	727	848	1,186	1,566	1,094	566	1,008	2,952	3,806
Long-Term Debt Interest Expense	1,476	1,874	521	280	684	725	571	466	513	759	828
Other Interest Expense	2,688	2,742	6,888	3,200	3,099	8,038	5,310	4,528	3,375	3,661	3,407
Total Non-Interest Income	485	392	344	288	265	371	405	481	380	289	1,521
Other Service Charges	377	306	289	339	306	366	402	309	268	118	1,315
Other Non-Interest Income	108	86	55	-51	-41	5.00	3.00	172	112	171	206
Provision for Credit Losses	2,917	2,952	-	5,296	5,545	-	-	726	-	5,965	6,733
Total Non-Interest Expense	2,927	3,264	3,416	3,747	4,095	4,245	4,055	3,963	4,337	4,758	4,839
Salaries and Employee Benefits	866	1,042	1,198	1,304	1,427	1,455	1,380	1,501	1,681	1,884	1,872
Net Occupancy & Equipment Expense	212	297	338	373	426	485	492	550	623	712	803
Marketing Expense	460	433	423	498	528	549	448	486	487	527	524
Other Operating Expenses	1,389	1,492	1,457	1,572	1,714	1,756	1,735	1,426	1,546	1,635	1,640
Income Tax Expense	1,277	1,317	1,319	1,389	854	1,140	412	1,282	946	666	1,054
Basic Earnings per Share	$2.78	$2.66	$2.71	$2.43	$3.76	$5.59	$2.28	$7.40	$6.19	$5.21	$8.64
Weighted Average Basic Shares Outstanding	757.40M	833.83M	810.79M	795.60M	742.30M	613.48M	583.88M	521.27M	437.04M	406.84M	388.75M
Diluted Earnings per Share	$2.78	$2.65	$2.71	$2.42	$3.74	$5.56	$2.27	$7.34	$6.15	$5.19	$8.55
Weighted Average Diluted Shares Outstanding	757.40M	833.83M	810.79M	795.60M	742.30M	613.48M	583.88M	521.27M	437.04M	406.84M	388.75M
Weighted Average Basic & Diluted Shares Outstanding	757.40M	833.83M	810.79M	795.60M	742.30M	613.48M	583.88M	521.27M	437.04M	406.84M	388.75M
Cash Dividends to Common per Share	$0.00	$0.00	$0.26	$0.56	$0.72	$0.86	$0.88	$0.88	$0.90	$0.96	$1.00

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	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	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	599	590	559	618	429	1,282	624	768	753	736	967
Consolidated Net Income / (Loss)	577	601	569	628	440	1,293	643	789	774	757	967
Net Income / (Loss) Continuing Operations	577	601	569	628	440	1,293	643	789	774	757	967
Total Pre-Tax Income	741	790	742	833	539	1,708	844	1,028	973	984	1,256
Total Revenue	5,119	1,909	3,294	3,475	4,949	4,798	3,712	3,814	5,685	3,718	3,493
Net Interest Income / (Expense)	5,089	1,844	4,120	4,362	6,673	4,405	4,405	4,609	7,240	4,464	3,375
Total Interest Income	4,708	4,786	5,021	5,354	5,549	5,568	5,582	5,785	5,710	5,550	5,586
Loans and Leases Interest Income	4,576	4,616	4,812	5,151	5,323	5,293	5,301	5,522	5,480	5,312	5,328
Investment Securities Interest Income	132	170	209	203	226	275	281	263	230	238	258
Total Interest Expense	-3,756	2,942	901	992	-1,124	1,163	1,177	1,176	-1,530	1,086	1,065
Deposits Interest Expense	441	557	717	800	878	954	967	968	917	882	855
Long-Term Debt Interest Expense	161	178	184	192	205	209	210	208	201	204	210
Other Interest Expense	-983	2,207	887	979	-412	764	810	914	-965	895	1,146
Total Non-Interest Income	30	65	61	92	71	1,157	117	119	128	149	118
Other Service Charges	-257	131	19	52	-84	1,094	75	64	-59	75	210
Other Non-Interest Income	287	-66	42	40	155	63	42	55	187	74	-92
Total Non-Interest Expense	1,151	1,119	1,169	1,154	1,316	1,206	1,177	1,189	1,267	1,243	1,245
Salaries and Employee Benefits	459	451	451	444	538	496	434	464	478	506	509
Net Occupancy & Equipment Expense	165	166	179	177	190	186	207	203	207	219	215
Marketing Expense	121	131	133	125	138	125	129	123	147	116	127
Other Operating Expenses	406	371	406	408	450	399	407	399	435	402	394
Nonoperating Income / (Expense), net	-	-	-	-	-	-	-	-	-	-	-992
Income Tax Expense	164	189	173	205	99	415	201	239	199	227	289
Basic Earnings per Share	$1.31	$1.36	$1.32	$1.49	$1.04	$3.17	$1.56	$1.96	$1.95	$1.91	$2.51
Weighted Average Basic Shares Outstanding	437.04M	428.57M	418.18M	413.80M	406.84M	401.54M	395.23M	389.34M	388.75M	380.65M	372.06M
Diluted Earnings per Share	$1.31	$1.35	$1.32	$1.48	$1.04	$3.14	$1.55	$1.94	$1.92	$1.89	$2.50
Weighted Average Diluted Shares Outstanding	437.04M	428.57M	418.18M	413.80M	406.84M	401.54M	395.23M	389.34M	388.75M	380.65M	372.06M
Weighted Average Basic & Diluted Shares Outstanding	437.04M	428.57M	418.18M	413.80M	406.84M	401.54M	395.23M	389.34M	388.75M	380.65M	372.06M
Cash Dividends to Common per Share	-	$0.23	$0.23	$0.25	-	$0.25	$0.25	$0.25	-	$0.25	$0.30

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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	9,509	497	-3,048	2,149	-1,441	2,271	-1,042	-2,919	1,744	3,991	334
Net Cash From Operating Activities	5,340	6,184	6,511	8,575	9,342	8,990	7,487	7,099	6,694	8,593	9,848
Net Cash From Continuing Operating Activities	5,340	6,184	6,511	8,575	9,342	8,990	7,487	7,099	6,694	8,593	9,848
Net Income / (Loss) Continuing Operations	2,109	2,214	2,251	1,935	2,790	3,747	1,385	4,221	3,016	2,238	3,499
Consolidated Net Income / (Loss)	2,109	2,214	2,251	1,935	2,790	3,747	1,385	4,221	3,016	2,238	3,499
Provision For Loan Losses	2,917	2,952	3,986	5,296	5,545	4,180	5,310	726	3,375	5,965	6,733
Depreciation Expense	131	174	219	254	302	367	383	390	419	458	481
Non-Cash Adjustments to Reconcile Net Income	-203	-295	389	385	-53	23	-602	219	-421	-458	-1,167
Changes in Operating Assets and Liabilities, net	386	1,139	-334	705	758	673	1,011	1,543	305	390	302
Net Cash From Investing Activities	-10,068	-10,803	-13,364	-9,542	-19,036	-261	-498	-4,814	-10,234	-14,234	-8,903
Net Cash From Continuing Investing Activities	-10,068	-10,803	-13,364	-9,542	-19,036	-261	-498	-4,814	-10,234	-14,234	-8,903
Purchase of Investment Securities	-10,577	-15,446	-3,652	-13,304	-24,704	-8,516	-10,303	-3,539	-18,148	-4,345	-5,434
Divestitures	-	-	-	-	-	-	-	-	0.00	0.00	491
Sale and/or Maturity of Investments	1,537	3,930	-9,712	3,762	5,668	8,255	9,805	-1,275	7,914	-9,889	-3,960
Net Cash From Financing Activities	14,237	5,116	3,805	3,116	8,253	-6,458	-8,031	-5,204	5,284	9,632	-611
Net Cash From Continuing Financing Activities	14,237	5,116	3,805	3,116	8,253	-6,458	-8,031	-5,204	5,284	9,632	-611
Net Change in Deposits	9,044	8,261	8,666	4,431	7,509	1,117	-2,369	-534	9,453	9,437	879
Issuance of Debt	19,061	6,846	4,984	6,043	6,337	5,330	675	3,105	4,955	3,034	2,439
Issuance of Preferred Equity	-	-	-	0.00	0.00	734	-	-	0.00	0.00	488
Repayment of Debt	-16,089	-9,993	-9,150	-5,410	-3,157	-9,477	-4,783	-4,386	-5,284	-1,257	-2,975
Repurchase of Common Equity	0.00	0.00	-476	-1,497	-1,868	-3,618	-985	-2,876	-3,320	-1,112	-1,008
Payment of Dividends	0.00	0.00	-214	-446	-534	-581	-562	-542	-476	-448	-470
Other Financing Activities, Net	-621	2.00	-5.00	-5.00	-34	37	-7.00	29	-44	-22	36
Cash Interest Paid	839	1,040	1,160	1,350	1,815	2,272	1,691	1,034	1,356	3,551	4,662
Cash Income Taxes Paid	1,787	1,219	1,771	754	772	1,017	847	1,112	1,290	1,125	1,087

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	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	6/30/2025
Net Change in Cash & Equivalents	-2,631	5,490	-3,065	2,945	-1,379	5,650	-1,390	-699	-3,227	7,922	-2,498
Net Cash From Operating Activities	1,847	1,886	1,908	2,482	2,317	2,248	2,484	2,763	2,353	2,200	2,560
Net Cash From Continuing Operating Activities	1,847	1,886	1,908	2,482	2,317	2,248	2,482	2,763	2,353	2,200	2,560
Net Income / (Loss) Continuing Operations	577	601	569	628	440	1,293	643	789	774	757	967
Consolidated Net Income / (Loss)	577	601	569	628	440	1,293	643	789	774	757	967
Provision For Loan Losses	1,201	1,290	1,383	1,488	1,804	1,884	1,691	1,597	1,561	1,491	1,146
Depreciation Expense	101	111	113	116	118	119	121	121	120	125	122
Non-Cash Adjustments to Reconcile Net Income	-236	-88	-63	-120	-187	-1,042	-35	-72	-18	54	-23
Changes in Operating Assets and Liabilities, net	204	-28	-94	370	142	-6.00	62	328	-84	-227	348
Net Cash From Investing Activities	-6,858	692	-5,189	-2,568	-7,169	798	-2,507	-2,231	-4,963	3,603	-2,241
Net Cash From Continuing Investing Activities	-6,858	692	-5,189	-2,568	-7,169	798	-2,507	-2,231	-4,963	3,603	-2,241
Purchase of Investment Securities	-14,182	-532	-969	-649	-2,195	-2,179	-2,629	-543	-1,587	-680	-770
Sale and/or Maturity of Investments	7,324	1,224	-4,220	-1,919	-4,974	2,486	122	-1,688	-3,376	4,283	-1,471
Net Cash From Financing Activities	2,380	2,912	216	3,031	3,473	2,604	-1,367	-1,231	-617	2,119	-2,817
Net Cash From Continuing Financing Activities	2,380	2,912	216	3,031	3,473	2,604	-1,367	-1,231	-617	2,119	-2,817
Net Change in Deposits	3,328	2,720	1,336	2,298	3,083	2,396	-458	-818	-241	1,370	-1,175
Issuance of Debt	1,050	990	-	1,297	747	747	200	1,492	-	1,543	746
Repayment of Debt	-1,184	-250	-707	-300	-	-600	-700	-1,500	-175	0.00	-1,750
Repurchase of Common Equity	-701	-404	-303	-152	-253	-300	-305	-302	-101	-605	-504
Payment of Dividends	-113	-111	-109	-114	-114	-113	-119	-120	-118	-118	-135
Other Financing Activities, Net	-	-33	-1.00	2.00	10	-14	15	17	18	-71	1.00

This table presents Synchrony 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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	75,707	83,990	90,207	95,808	106,792	104,826	95,948	95,748	104,564	117,479	119,463
Cash and Due from Banks	11,828	12,325	9,321	11,602	9,396	12,147	11,524	8,337	10,294	14,259	14,711
Trading Account Securities	1,598	3,142	5,110	4,473	6,062	5,911	7,469	5,283	4,879	3,799	3,079
Loans and Leases, Net of Allowance	58,050	64,793	71,993	76,373	86,712	-5,602	-10,265	-8,688	-9,527	-10,571	-10,929
Allowance for Loan and Lease Losses	3,236	3,497	4,344	5,574	6,427	5,602	10,265	8,688	9,527	10,571	10,929
Loans Held for Sale	332	-	-	-	0.00	725	5.00	4,361	-	-	0.00
Goodwill	949	949	949	991	1,024	1,078	1,078	1,105	1,105	1,018	1,274
Intangible Assets	519	701	712	749	1,137	1,265	1,125	1,168	742	815	854
Other Assets	2,431	2,080	2,122	1,620	2,461	89,302	85,012	84,182	97,071	107,903	110,474
Total Liabilities & Shareholders' Equity	75,707	83,990	90,207	95,808	106,792	104,826	95,948	95,748	104,564	117,479	119,463
Total Liabilities	65,229	71,386	76,011	81,574	92,114	89,738	83,247	82,093	91,691	103,576	102,883
Non-Interest Bearing Deposits	108	152	159	212	281	277	313	359	399	364	398
Interest Bearing Deposits	34,847	43,215	51,896	56,276	63,738	64,877	62,469	61,911	71,336	80,789	81,664
Long-Term Debt	27,460	24,279	20,147	20,799	23,996	19,866	15,775	14,507	14,191	15,982	15,462
Other Long-Term Liabilities	2,814	3,740	3,809	4,287	4,099	4,718	4,690	5,316	5,765	6,334	5,359
Total Equity & Noncontrolling Interests	10,478	12,604	14,196	14,234	14,678	15,088	12,701	13,655	12,873	13,903	16,580
Total Preferred & Common Equity	10,478	12,604	14,196	14,234	14,678	15,088	12,701	13,655	12,873	13,903	16,580
Preferred Stock	-	-	-	-	0.00	734	734	734	734	734	1,222
Total Common Equity	10,478	12,604	14,196	14,234	14,678	14,354	11,967	12,921	12,139	13,169	15,358
Common Stock	9,409	9,352	9,394	9,446	9,483	9,538	9,571	9,670	9,719	9,776	9,854
Retained Earnings	1,079	3,293	5,330	6,809	8,986	12,117	10,621	14,245	16,716	18,662	21,635
Treasury Stock	-	0.00	-475	-1,957	-3,729	-7,243	-8,174	-10,925	-14,171	-15,201	-16,072
Accumulated Other Comprehensive Income / (Loss)	-10	-41	-53	-64	-62	-58	-51	-69	-125	-68	-59

This table presents Synchrony 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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	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	6/30/2025
Total Assets	104,564	107,853	108,697	112,939	117,479	121,173	120,489	119,229	119,463	122,026	120,505
Cash and Due from Banks	10,294	15,303	12,706	15,643	14,259	20,021	18,632	17,934	14,711	21,629	19,457
Trading Account Securities	4,879	4,008	4,294	2,882	3,799	3,005	2,693	2,345	3,079	2,724	2,905
Loans and Leases, Net of Allowance	-9,527	0.00	-9,804	-10,176	-10,571	-10,905	-10,982	-11,029	-10,929	-10,828	-10,564
Allowance for Loan and Lease Losses	9,527	-	9,804	10,176	10,571	10,905	10,982	11,029	10,929	10,828	10,564
Loans Held for Sale	-	-	-	-	-	-	-	-	-	-	191
Goodwill	1,105	1,105	1,105	1,105	1,018	1,073	1,274	1,274	1,274	1,274	1,274
Intangible Assets	742	1,297	1,226	1,169	815	800	776	765	854	847	862
Other Assets	97,071	86,140	99,170	102,316	107,903	107,179	108,096	107,940	110,474	106,380	106,380
Total Liabilities & Shareholders' Equity	104,564	107,853	108,697	112,939	117,479	121,173	120,489	119,229	119,463	122,026	120,505
Total Liabilities	91,691	94,660	95,317	99,172	103,576	105,891	104,949	103,249	102,883	105,445	103,553
Non-Interest Bearing Deposits	399	417	421	397	364	394	392	383	398	405	405
Interest Bearing Deposits	71,336	74,008	75,344	77,669	80,789	83,160	82,708	81,901	81,664	83,030	81,857
Long-Term Debt	14,191	14,934	14,231	15,231	15,982	16,133	15,637	15,632	15,462	17,009	16,009
Other Long-Term Liabilities	5,765	5,301	5,321	5,875	6,334	6,204	6,212	5,333	5,359	5,001	5,282
Total Equity & Noncontrolling Interests	12,873	13,193	13,380	13,767	13,903	15,282	15,540	15,980	16,580	16,581	16,952
Total Preferred & Common Equity	12,873	13,193	13,380	13,767	13,903	15,282	15,540	15,980	16,580	16,581	16,952
Preferred Stock	734	734	734	734	734	1,222	1,222	1,222	1,222	1,222	1,222
Total Common Equity	12,139	12,459	12,646	13,033	13,169	14,060	14,318	14,758	15,358	15,359	15,730
Common Stock	9,719	9,706	9,728	9,751	9,776	9,769	9,794	9,823	9,854	9,805	9,837
Retained Earnings	16,716	17,369	17,828	18,338	18,662	19,790	20,310	20,975	21,635	22,209	23,036
Treasury Stock	-14,171	-14,514	-14,814	-14,960	-15,201	-15,430	-15,713	-15,990	-16,072	-16,602	-17,098
Accumulated Other Comprehensive Income / (Loss)	-125	-102	-96	-96	-68	-69	-73	-50	-59	-53	-45

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	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	-4.64%	3.76%	-16.80%	77.03%	7.41%	-31.26%	4.00%	7.32%	23.92%	7.89%	18.33%
EBITDA Growth	-21.58%	-1.05%	60.89%	-5.57%	10.29%	33.15%	10.87%	1.17%	47.84%	-61.41%	49.73%
EBIT Growth	-23.27%	-3.02%	63.69%	-6.89%	9.63%	34.11%	11.36%	1.12%	50.70%	-64.98%	56.78%
NOPAT Growth	-186.03%	-18.39%	225.00%	-14.04%	44.19%	34.30%	11.94%	0.64%	49.56%	-64.55%	56.35%
Net Income Growth	6.57%	4.98%	1.67%	-14.04%	44.19%	34.30%	-63.04%	204.77%	-28.55%	-25.80%	56.35%
EPS Growth	-1.07%	-4.68%	2.26%	-10.70%	54.55%	48.66%	-59.17%	223.35%	-16.21%	-15.61%	64.74%
Operating Cash Flow Growth	-5.97%	15.81%	5.29%	31.70%	8.94%	-3.77%	-16.72%	-5.18%	-5.71%	28.37%	14.60%
Free Cash Flow Firm Growth	67.81%	91.87%	742.40%	-74.01%	-168.35%	977.44%	42.93%	-57.51%	63.42%	-107.87%	330.19%
Invested Capital Growth	25.29%	-2.78%	-6.89%	2.01%	10.39%	-9.62%	-18.53%	-1.10%	-3.90%	10.42%	7.22%
Revenue Q/Q Growth	0.00%	7.67%	-18.36%	111.08%	-21.32%	-33.59%	3.04%	36.07%	34.12%	6.12%	4.78%
EBITDA Q/Q Growth	0.00%	27.37%	-29.83%	48.71%	-70.07%	-1.44%	6.55%	46.34%	57.48%	-61.31%	-54.15%
EBIT Q/Q Growth	0.00%	29.28%	-31.20%	53.60%	-71.74%	-1.83%	7.06%	50.81%	62.32%	-64.79%	-56.64%
NOPAT Q/Q Growth	0.00%	-181.93%	1.31%	-8.98%	16.64%	-1.37%	204.38%	1.81%	94.12%	-5.77%	10.55%
Net Income Q/Q Growth	0.00%	0.73%	1.31%	-8.98%	16.64%	-1.37%	0.51%	1.81%	-7.26%	-5.77%	10.55%
EPS Q/Q Growth	0.00%	1.15%	1.88%	-7.63%	18.35%	1.46%	3.65%	3.53%	-2.84%	-4.95%	11.47%
Operating Cash Flow Q/Q Growth	-1.82%	15.78%	-2.47%	9.51%	1.16%	-2.60%	-3.23%	-1.14%	-2.29%	5.79%	0.37%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-87.48%	103.87%	18.49%	23.36%	18.70%	-14.76%	183.40%	-182.11%	143.56%
Invested Capital Q/Q Growth	0.00%	2.34%	0.00%	2.13%	2.48%	-1.49%	2.17%	5.49%	-0.98%	3.06%	1.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	29.41%	28.05%	54.24%	28.93%	29.70%	57.53%	61.34%	57.82%	68.98%	24.67%	31.22%
EBIT Margin	27.79%	25.97%	51.10%	26.88%	27.43%	53.52%	57.30%	53.99%	65.66%	21.31%	28.24%
Profit (Net Income) Margin	26.06%	26.37%	32.22%	15.65%	21.00%	41.03%	14.58%	41.41%	23.88%	16.42%	21.70%
Tax Burden Percent	62.29%	62.70%	63.05%	58.21%	76.56%	76.67%	77.07%	76.70%	76.12%	77.07%	76.85%
Interest Burden Percent	150.56%	161.90%	100.00%	100.00%	100.00%	100.00%	33.02%	100.00%	47.78%	100.00%	100.00%
Effective Tax Rate	37.71%	37.30%	36.95%	41.79%	23.44%	23.33%	22.93%	23.30%	23.88%	22.93%	23.15%
Return on Invested Capital (ROIC)	-4.46%	-4.81%	6.32%	5.58%	7.57%	10.18%	13.23%	14.91%	22.86%	7.86%	11.30%
ROIC Less NNEP Spread (ROIC-NNEP)	9.56%	10.71%	6.32%	5.58%	7.57%	10.18%	-2.54%	14.91%	-0.11%	7.86%	11.30%
Return on Net Nonoperating Assets (RNNOA)	30.12%	24.00%	10.48%	8.03%	11.73%	15.00%	-3.26%	17.13%	-0.12%	8.86%	11.66%
Return on Equity (ROE)	25.66%	19.18%	16.80%	13.61%	19.30%	25.18%	9.97%	32.03%	22.74%	16.72%	22.96%
Cash Return on Invested Capital (CROIC)	-26.91%	-1.99%	13.45%	3.59%	-2.31%	20.28%	33.65%	16.01%	26.84%	-2.05%	4.33%
Operating Return on Assets (OROA)	3.34%	2.73%	4.10%	3.57%	3.60%	4.62%	5.42%	5.74%	8.28%	2.62%	3.84%
Return on Assets (ROA)	3.13%	2.77%	2.58%	2.08%	2.75%	3.54%	1.38%	4.40%	3.01%	2.02%	2.95%
Return on Common Equity (ROCE)	25.66%	19.18%	16.80%	13.61%	19.30%	24.56%	9.44%	30.25%	21.48%	15.80%	21.48%
Return on Equity Simple (ROE_SIMPLE)	20.13%	17.57%	15.86%	13.59%	19.01%	24.83%	10.90%	30.91%	23.43%	16.10%	21.10%
Net Operating Profit after Tax (NOPAT)	-1,521	-1,801	2,251	1,935	2,790	3,747	4,194	4,221	6,313	2,238	3,499
NOPAT Margin	-18.79%	-21.45%	32.22%	15.65%	21.00%	41.03%	44.16%	41.41%	49.98%	16.42%	21.70%
Net Nonoperating Expense Percent (NNEP)	-14.02%	-15.52%	0.00%	0.00%	0.00%	0.00%	15.76%	0.00%	22.98%	0.00%	0.00%
SG&A Expenses to Revenue	19.00%	21.10%	28.04%	17.59%	17.92%	27.26%	24.43%	24.89%	22.10%	22.92%	19.84%
Operating Expenses to Revenue	36.17%	38.87%	48.90%	30.30%	30.83%	46.48%	42.70%	38.88%	34.34%	34.92%	30.01%
Earnings before Interest and Taxes (EBIT)	2,249	2,181	3,570	3,324	3,644	4,887	5,442	5,503	8,293	2,904	4,553
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,380	2,355	3,789	3,578	3,946	5,254	5,825	5,893	8,712	3,362	5,034
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.95	1.66	1.77	1.80	1.00	1.44	1.56	1.85	1.15	1.17	1.64
Price to Tangible Book Value (P/TBV)	2.27	1.91	2.01	2.05	1.17	1.72	1.91	2.24	1.36	1.36	1.91
Price to Revenue (P/Rev)	2.53	2.49	3.61	2.07	1.10	2.27	1.97	2.34	1.11	1.13	1.56
Price to Earnings (P/E)	3.01	2.88	11.19	13.23	5.24	5.52	13.49	5.72	4.64	7.01	7.36
Dividend Yield	0.00%	0.00%	0.86%	1.71%	3.54%	2.69%	2.75%	2.02%	2.90%	2.58%	1.54%
Earnings Yield	33.23%	34.74%	8.94%	7.56%	19.09%	18.10%	7.41%	17.49%	21.54%	14.26%	13.59%
Enterprise Value to Invested Capital (EV/IC)	0.95	0.89	1.04	0.99	0.76	0.83	0.83	1.09	0.69	0.60	0.85
Enterprise Value to Revenue (EV/Rev)	4.46	3.91	5.11	2.81	2.20	3.19	2.49	3.02	1.48	1.31	1.69
Enterprise Value to EBITDA (EV/EBITDA)	15.17	13.96	9.41	9.73	7.40	5.55	4.06	5.23	2.14	5.31	5.40
Enterprise Value to EBIT (EV/EBIT)	16.05	15.07	9.99	10.47	8.02	5.96	4.35	5.60	2.25	6.15	5.97
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	15.84	17.99	10.47	7.78	5.64	7.30	2.95	7.98	7.77
Enterprise Value to Operating Cash Flow (EV/OCF)	6.76	5.32	5.48	4.06	3.13	3.24	3.16	4.34	2.78	2.08	2.76
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	7.44	27.96	0.00	3.90	2.22	6.79	2.51	0.00	20.26
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.62	1.93	1.42	1.46	1.63	1.32	1.24	1.06	1.10	1.15	0.93
Long-Term Debt to Equity	2.62	1.93	1.42	1.46	1.63	1.32	1.24	1.06	1.10	1.15	0.93
Financial Leverage	3.15	2.24	1.66	1.44	1.55	1.47	1.28	1.15	1.08	1.13	1.03
Leverage Ratio	8.20	6.92	6.50	6.54	7.01	7.11	7.22	7.27	7.55	8.29	7.77
Compound Leverage Factor	12.35	11.20	6.50	6.54	7.01	7.11	2.39	7.27	3.61	8.29	7.77
Debt to Total Capital	72.38%	65.83%	58.66%	59.37%	62.05%	56.83%	55.40%	51.51%	52.44%	53.48%	48.26%
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	72.38%	65.83%	58.66%	59.37%	62.05%	56.83%	55.40%	51.51%	52.44%	53.48%	48.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	2.10%	2.58%	2.61%	2.71%	2.46%	3.81%
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	27.62%	34.17%	41.34%	40.63%	37.95%	41.07%	42.02%	45.88%	44.85%	44.07%	47.93%
Debt to EBITDA	11.54	10.31	5.32	5.81	6.08	3.78	2.71	2.46	1.63	4.75	3.07
Net Debt to EBITDA	6.57	5.08	2.77	2.57	3.70	1.47	0.73	1.05	0.45	0.51	0.15
Long-Term Debt to EBITDA	11.54	10.31	5.32	5.81	6.08	3.78	2.71	2.46	1.63	4.75	3.07
Debt to NOPAT	-18.05	-13.48	8.95	10.75	8.60	5.30	3.76	3.44	2.25	7.14	4.42
Net Debt to NOPAT	-10.28	-6.64	4.66	4.75	5.23	2.06	1.01	1.46	0.62	0.77	0.21
Long-Term Debt to NOPAT	-18.05	-13.48	8.95	10.75	8.60	5.30	3.76	3.44	2.25	7.14	4.42
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	2.47%	5.28%	5.57%	5.53%	5.48%	6.42%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-9,178	-746	4,791	1,245	-851	7,467	10,672	4,535	7,411	-583	1,342
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	-1.98	-0.14	0.59	0.29	-0.17	0.72	1.53	4.39	4.87	-0.16	0.29
Operating Cash Flow to Interest Expense	1.15	1.18	0.80	1.98	1.88	0.87	1.07	6.88	4.40	2.32	2.13
Operating Cash Flow Less CapEx to Interest Expense	1.15	1.18	0.80	1.98	1.88	0.87	1.07	6.88	4.40	2.32	2.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.12	0.11	0.08	0.13	0.13	0.09	0.09	0.11	0.13	0.12	0.14
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	37,938	36,883	34,343	35,033	38,674	34,954	28,476	28,162	27,064	29,885	32,042
Invested Capital Turnover	0.24	0.22	0.20	0.36	0.36	0.25	0.30	0.36	0.46	0.48	0.52
Increase / (Decrease) in Invested Capital	7,657	-1,055	-2,540	690	3,641	-3,720	-6,478	-314	-1,098	2,821	2,157
Enterprise Value (EV)	36,095	32,872	35,663	34,804	29,218	29,151	23,670	30,794	18,632	17,858	27,189
Market Capitalization	20,463	20,918	25,184	25,607	14,618	20,698	18,685	23,890	14,001	15,401	25,216
Book Value per Share	$12.57	$15.12	$17.51	$18.19	$20.42	$22.21	$20.50	$23.61	$26.94	$31.82	$39.45
Tangible Book Value per Share	$10.81	$13.14	$15.46	$15.96	$17.42	$18.59	$16.73	$19.46	$22.84	$27.39	$33.98
Total Capital	37,938	36,883	34,343	35,033	38,674	34,954	28,476	28,162	27,064	29,885	32,042
Total Debt	27,460	24,279	20,147	20,799	23,996	19,866	15,775	14,507	14,191	15,982	15,462
Total Long-Term Debt	27,460	24,279	20,147	20,799	23,996	19,866	15,775	14,507	14,191	15,982	15,462
Net Debt	15,632	11,954	10,479	9,197	14,600	7,719	4,251	6,170	3,897	1,723	751
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)	-3,630	-4,015	0.00	0.00	0.00	0.00	2,809	0.00	3,297	0.00	0.00
Net Nonoperating Obligations (NNO)	27,460	24,279	20,147	20,799	23,996	19,866	15,775	14,507	14,191	15,982	15,462
Total Depreciation and Amortization (D&A)	131	174	219	254	302	367	383	390	419	458	481
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.78	$2.66	$2.71	$0.00	$3.76	$5.59	$2.28	$7.40	$6.19	$5.21	$8.64
Adjusted Weighted Average Basic Shares Outstanding	833.76M	833.83M	810.79M	0.00	709.86M	613.48M	583.88M	521.27M	437.04M	406.84M	388.75M
Adjusted Diluted Earnings per Share	$2.78	$2.65	$2.71	$0.00	$3.74	$5.56	$2.27	$7.34	$6.15	$5.19	$8.55
Adjusted Weighted Average Diluted Shares Outstanding	833.76M	833.83M	810.79M	0.00	709.86M	613.48M	583.88M	521.27M	437.04M	406.84M	388.75M
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	833.76M	833.83M	810.79M	0.00	709.86M	613.48M	583.88M	521.27M	437.04M	406.84M	388.75M
Normalized Net Operating Profit after Tax (NOPAT)	-1,521	-1,801	2,251	1,935	2,790	3,747	4,194	4,221	6,313	2,238	3,499
Normalized NOPAT Margin	-18.79%	-21.45%	32.22%	15.65%	21.00%	41.03%	44.16%	41.41%	49.98%	16.42%	21.70%
Pre Tax Income Margin	41.84%	42.05%	51.10%	26.88%	27.43%	53.52%	18.92%	53.99%	31.37%	21.31%	28.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.49	0.42	0.44	0.77	0.73	0.47	0.78	5.33	5.45	0.78	0.98
NOPAT to Interest Expense	-0.33	-0.34	0.28	0.45	0.56	0.36	0.60	4.09	4.15	0.60	0.76
EBIT Less CapEx to Interest Expense	0.49	0.42	0.44	0.77	0.73	0.47	0.78	5.33	5.45	0.78	0.98
NOPAT Less CapEx to Interest Expense	-0.33	-0.34	0.28	0.45	0.56	0.36	0.60	4.09	4.15	0.60	0.76
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	9.51%	23.05%	19.14%	15.51%	40.58%	12.84%	15.78%	20.02%	13.43%
Augmented Payout Ratio	0.00%	0.00%	30.65%	100.41%	86.09%	112.06%	111.70%	80.98%	125.86%	69.71%	42.24%

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	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	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	168.57%	-43.45%	53.28%	74.97%	-3.32%	52.65%	12.69%	9.76%	14.87%	-22.51%	-5.90%
EBITDA Growth	357.71%	-63.13%	-27.05%	-7.59%	-7.82%	102.77%	12.87%	21.07%	20.98%	-39.30%	145.60%
EBIT Growth	406.12%	-66.20%	-30.39%	-9.65%	-8.44%	116.20%	13.75%	23.41%	21.61%	-42.39%	166.35%
NOPAT Growth	-29.03%	-65.98%	-29.23%	-10.67%	-23.74%	115.14%	13.01%	25.64%	75.91%	-41.45%	169.17%
Net Income Growth	-29.03%	-35.52%	-29.23%	-10.67%	-23.74%	115.14%	13.01%	25.64%	75.91%	-41.45%	50.39%
EPS Growth	-12.08%	-23.73%	-17.50%	0.68%	-20.61%	132.59%	17.42%	31.08%	84.62%	-39.81%	61.29%
Operating Cash Flow Growth	-7.83%	35.10%	5.01%	51.90%	25.45%	19.19%	30.19%	11.32%	1.55%	-2.14%	3.06%
Free Cash Flow Firm Growth	48.62%	-120.85%	-151.31%	-1,671.21%	-242.15%	-166.71%	-95.91%	-75.99%	41.92%	28.92%	98.18%
Invested Capital Growth	-3.90%	5.04%	8.07%	6.09%	10.42%	11.69%	12.92%	9.01%	7.22%	6.92%	5.72%
Revenue Q/Q Growth	157.75%	-54.14%	72.55%	5.49%	42.42%	-57.79%	27.39%	2.75%	49.06%	-34.60%	-6.05%
EBITDA Q/Q Growth	296.20%	-71.06%	-5.11%	10.99%	295.26%	-67.98%	-47.18%	19.07%	294.95%	-75.56%	113.71%
EBIT Q/Q Growth	330.37%	-73.77%	-6.08%	12.26%	336.13%	-69.43%	-50.59%	21.80%	329.77%	-77.73%	128.46%
NOPAT Q/Q Growth	-17.92%	4.16%	-5.32%	10.37%	-29.94%	193.86%	-50.27%	22.71%	-1.90%	-2.20%	128.63%
Net Income Q/Q Growth	-17.92%	4.16%	-5.32%	10.37%	-29.94%	193.86%	-50.27%	22.71%	-1.90%	-2.20%	27.74%
EPS Q/Q Growth	-10.88%	3.05%	-2.22%	12.12%	-29.73%	201.92%	-50.64%	25.16%	-1.03%	-1.56%	32.28%
Operating Cash Flow Q/Q Growth	13.04%	2.11%	1.17%	30.08%	-6.65%	-2.98%	10.50%	11.23%	-14.84%	-6.50%	16.36%
Free Cash Flow Firm Q/Q Growth	2,437.88%	-144.66%	-99.47%	30.50%	-129.60%	16.21%	-46.52%	37.56%	24.22%	-2.53%	96.24%
Invested Capital Q/Q Growth	-0.98%	3.93%	-1.83%	5.02%	3.06%	5.12%	-0.76%	1.40%	1.36%	4.83%	-1.87%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	79.49%	47.20%	25.96%	27.31%	75.79%	62.70%	26.00%	30.13%	79.82%	29.83%	67.85%
EBIT Margin	77.52%	41.38%	22.53%	23.97%	73.41%	58.61%	22.74%	26.95%	77.71%	26.47%	64.36%
Profit (Net Income) Margin	11.27%	31.48%	17.27%	18.07%	8.89%	44.37%	17.32%	20.69%	13.61%	20.36%	27.68%
Tax Burden Percent	77.87%	76.08%	76.68%	75.39%	81.63%	75.70%	76.18%	76.75%	79.55%	76.93%	76.99%
Interest Burden Percent	18.67%	100.00%	100.00%	100.00%	14.84%	100.00%	100.00%	100.00%	22.02%	100.00%	55.87%
Effective Tax Rate	22.13%	23.92%	23.32%	24.61%	18.37%	24.30%	23.82%	23.25%	20.45%	23.07%	23.01%
Return on Invested Capital (ROIC)	5.16%	11.71%	7.38%	8.24%	4.25%	21.81%	8.87%	10.50%	7.09%	9.42%	22.91%
ROIC Less NNEP Spread (ROIC-NNEP)	5.16%	11.71%	7.38%	8.24%	4.25%	21.81%	8.87%	10.50%	7.09%	9.42%	18.08%
Return on Net Nonoperating Assets (RNNOA)	5.58%	12.45%	7.27%	9.09%	4.79%	23.79%	9.16%	10.90%	7.31%	9.80%	17.61%
Return on Equity (ROE)	10.73%	24.15%	14.65%	17.33%	9.05%	45.60%	18.03%	21.40%	14.40%	19.23%	40.52%
Cash Return on Invested Capital (CROIC)	26.84%	4.87%	1.46%	2.52%	-2.05%	-1.20%	-1.91%	1.82%	4.33%	2.42%	4.69%
Operating Return on Assets (OROA)	9.77%	4.16%	2.51%	2.88%	9.01%	7.49%	2.99%	3.57%	10.58%	3.27%	7.92%
Return on Assets (ROA)	1.42%	3.16%	1.92%	2.17%	1.09%	5.67%	2.28%	2.74%	1.85%	2.52%	3.41%
Return on Common Equity (ROCE)	10.14%	22.82%	13.85%	16.38%	8.55%	42.47%	16.81%	20.00%	13.48%	17.75%	37.47%
Return on Equity Simple (ROE_SIMPLE)	0.00%	20.35%	18.31%	17.25%	0.00%	19.17%	19.33%	19.81%	0.00%	17.87%	19.39%
Net Operating Profit after Tax (NOPAT)	577	601	569	628	440	1,293	643	789	774	757	1,731
NOPAT Margin	11.27%	31.48%	17.27%	18.07%	8.89%	44.37%	17.32%	20.69%	13.61%	20.36%	49.55%
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%	4.83%
SG&A Expenses to Revenue	14.55%	39.18%	23.16%	21.47%	17.50%	27.69%	20.74%	20.71%	14.64%	22.62%	24.36%
Operating Expenses to Revenue	22.48%	58.62%	35.49%	33.21%	26.59%	41.39%	31.71%	31.17%	22.29%	33.43%	35.64%
Earnings before Interest and Taxes (EBIT)	3,968	790	742	833	3,633	1,708	844	1,028	4,418	984	2,248
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,069	901	855	949	3,751	1,827	965	1,149	4,538	1,109	2,370
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.15	0.99	1.12	0.96	1.17	1.27	1.32	1.34	1.64	1.34	1.62
Price to Tangible Book Value (P/TBV)	1.36	1.23	1.37	1.16	1.36	1.46	1.54	1.55	1.91	1.55	1.87
Price to Revenue (P/Rev)	1.11	1.21	1.25	0.97	1.13	1.22	1.26	1.28	1.56	1.37	1.71
Price to Earnings (P/E)	4.64	4.68	5.89	5.36	7.01	6.18	6.42	6.35	7.36	7.14	7.88
Dividend Yield	2.90%	3.23%	2.79%	3.16%	2.58%	2.27%	2.12%	2.00%	1.54%	1.89%	1.57%
Earnings Yield	21.54%	21.35%	16.97%	18.67%	14.26%	16.19%	15.58%	15.74%	13.59%	14.00%	12.69%
Enterprise Value to Invested Capital (EV/IC)	0.69	0.45	0.59	0.44	0.60	0.48	0.55	0.59	0.85	0.51	0.70
Enterprise Value to Revenue (EV/Rev)	1.48	1.24	1.44	0.99	1.31	1.04	1.14	1.21	1.69	1.14	1.56
Enterprise Value to EBITDA (EV/EBITDA)	2.14	2.04	2.25	1.47	5.31	1.48	1.61	1.70	5.40	3.98	2.24
Enterprise Value to EBIT (EV/EBIT)	2.25	2.19	2.39	1.55	6.15	1.55	1.68	1.77	5.97	4.49	2.35
Enterprise Value to NOPAT (EV/NOPAT)	2.95	4.73	6.69	5.38	7.98	5.18	5.72	5.89	7.77	5.80	7.05
Enterprise Value to Operating Cash Flow (EV/OCF)	2.78	1.77	2.25	1.57	2.08	1.69	1.80	1.90	2.76	1.75	2.35
Enterprise Value to Free Cash Flow (EV/FCFF)	2.51	9.50	42.14	17.99	0.00	0.00	0.00	33.82	20.26	21.81	15.42
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.10	1.13	1.06	1.11	1.15	1.06	1.01	0.98	0.93	1.03	0.94
Long-Term Debt to Equity	1.10	1.13	1.06	1.11	1.15	1.06	1.01	0.98	0.93	1.03	0.94
Financial Leverage	1.08	1.06	0.99	1.10	1.13	1.09	1.03	1.04	1.03	1.04	0.97
Leverage Ratio	7.55	7.63	7.62	7.98	8.29	8.04	7.92	7.80	7.77	7.63	7.42
Compound Leverage Factor	1.41	7.63	7.62	7.98	1.23	8.04	7.92	7.80	1.71	7.63	4.14
Debt to Total Capital	52.44%	53.09%	51.54%	52.52%	53.48%	51.35%	50.16%	49.45%	48.26%	50.64%	48.57%
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	52.44%	53.09%	51.54%	52.52%	53.48%	51.35%	50.16%	49.45%	48.26%	50.64%	48.57%
Preferred Equity to Total Capital	2.71%	2.61%	2.66%	2.53%	2.46%	3.89%	3.92%	3.87%	3.81%	3.64%	3.71%
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	44.85%	44.30%	45.80%	44.94%	44.07%	44.76%	45.92%	46.68%	47.93%	45.72%	47.72%
Debt to EBITDA	1.63	2.40	1.96	1.75	4.75	1.57	1.47	1.42	3.07	3.94	1.54
Net Debt to EBITDA	0.45	-0.06	0.21	-0.05	0.51	-0.38	-0.28	-0.21	0.15	-1.07	-0.33
Long-Term Debt to EBITDA	1.63	2.40	1.96	1.75	4.75	1.57	1.47	1.42	3.07	3.94	1.54
Debt to NOPAT	2.25	5.56	5.81	6.41	7.14	5.51	5.21	4.94	4.42	5.74	4.87
Net Debt to NOPAT	0.62	-0.14	0.62	-0.17	0.77	-1.33	-1.00	-0.73	0.21	-1.56	-1.05
Long-Term Debt to NOPAT	2.25	5.56	5.81	6.41	7.14	5.51	5.21	4.94	4.42	5.74	4.87
Noncontrolling Interest Sharing Ratio	5.53%	5.52%	5.48%	5.48%	5.48%	6.87%	6.76%	6.58%	6.42%	7.67%	7.52%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,675	-748	-1,492	-1,037	-2,381	-1,995	-2,923	-1,825	-1,383	-1,418	-53
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	0.00	-0.25	-1.66	-1.05	0.00	-0.52	-2.48	-1.55	0.00	-1.31	-0.05
Operating Cash Flow to Interest Expense	0.00	0.64	2.12	2.50	0.00	0.59	2.11	2.35	0.00	2.03	2.40
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.64	2.12	2.50	0.00	0.59	2.11	2.35	0.00	2.03	2.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.13	0.10	0.11	0.12	0.12	0.13	0.13	0.13	0.14	0.12	0.12
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	27,064	28,127	27,611	28,998	29,885	31,415	31,177	31,612	32,042	33,590	32,961
Invested Capital Turnover	0.46	0.37	0.43	0.46	0.48	0.49	0.51	0.51	0.52	0.46	0.46
Increase / (Decrease) in Invested Capital	-1,098	1,349	2,061	1,665	2,821	3,288	3,566	2,614	2,157	2,175	1,784
Enterprise Value (EV)	18,632	12,693	16,393	12,772	17,858	15,177	17,176	18,634	27,189	17,182	23,179
Market Capitalization	14,001	12,328	14,134	12,450	15,401	17,843	18,949	19,714	25,216	20,580	25,405
Book Value per Share	$26.94	$28.51	$29.51	$31.17	$31.82	$35.01	$35.66	$37.34	$39.45	$39.51	$41.32
Tangible Book Value per Share	$22.84	$23.01	$24.07	$25.73	$27.39	$30.35	$30.55	$32.18	$33.98	$34.05	$35.71
Total Capital	27,064	28,127	27,611	28,998	29,885	31,415	31,177	31,612	32,042	33,590	32,961
Total Debt	14,191	14,934	14,231	15,231	15,982	16,133	15,637	15,632	15,462	17,009	16,009
Total Long-Term Debt	14,191	14,934	14,231	15,231	15,982	16,133	15,637	15,632	15,462	17,009	16,009
Net Debt	3,897	-369	1,525	-412	1,723	-3,888	-2,995	-2,302	751	-4,620	-3,448
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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	764
Net Nonoperating Obligations (NNO)	14,191	14,934	14,231	15,231	15,982	16,133	15,637	15,632	15,462	17,009	16,009
Total Depreciation and Amortization (D&A)	101	111	113	116	118	119	121	121	120	125	122
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.31	$1.36	$1.32	$1.49	$1.04	$3.17	$1.56	$1.96	$1.95	$1.91	$2.51
Adjusted Weighted Average Basic Shares Outstanding	437.04M	428.57M	418.18M	413.80M	406.84M	401.54M	395.23M	389.34M	388.75M	380.65M	372.06M
Adjusted Diluted Earnings per Share	$1.31	$1.35	$1.32	$1.48	$1.04	$3.14	$1.55	$1.94	$1.92	$1.89	$2.50
Adjusted Weighted Average Diluted Shares Outstanding	437.04M	428.57M	418.18M	413.80M	406.84M	401.54M	395.23M	389.34M	388.75M	380.65M	372.06M
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	437.04M	428.57M	418.18M	413.80M	406.84M	401.54M	395.23M	389.34M	388.75M	380.65M	372.06M
Normalized Net Operating Profit after Tax (NOPAT)	577	601	569	628	440	1,293	643	789	774	757	1,731
Normalized NOPAT Margin	11.27%	31.48%	17.27%	18.07%	8.89%	44.37%	17.32%	20.69%	13.61%	20.36%	49.55%
Pre Tax Income Margin	14.48%	41.38%	22.53%	23.97%	10.89%	58.61%	22.74%	26.95%	17.12%	26.47%	35.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.27	0.82	0.84	0.00	0.45	0.72	0.87	0.00	0.91	2.11
NOPAT to Interest Expense	0.00	0.20	0.63	0.63	0.00	0.34	0.55	0.67	0.00	0.70	1.63
EBIT Less CapEx to Interest Expense	0.00	0.27	0.82	0.84	0.00	0.45	0.72	0.87	0.00	0.91	2.11
NOPAT Less CapEx to Interest Expense	0.00	0.20	0.63	0.63	0.00	0.34	0.55	0.67	0.00	0.70	1.63
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.78%	17.24%	18.49%	18.82%	20.02%	15.36%	15.31%	14.72%	13.43%	16.03%	14.94%
Augmented Payout Ratio	125.86%	119.89%	114.73%	84.51%	69.71%	49.76%	48.93%	51.37%	42.24%	60.34%	60.94%

Financials Breakdown Chart

Key Financial Trends

Over the past four years, Synchrony Financial (NYSE: SYF) has shown a generally positive trajectory in key financial metrics, though there are some fluctuations reflecting operational challenges and market conditions.

Positive Trends:

Net income has grown significantly from $440 million in Q4 2023 to $967 million in Q2 2025, indicating improved profitability.
Net interest income increased from around $4.12 billion in Q1 2024 to $3.38 billion in Q2 2025; while there was a dip between quarters, overall interest income from loans and leases remains strong at over $5.3 billion in Q2 2025.
Continuing operations show a strong net income growth with a Q2 2025 net income of $967 million versus $601 million in Q1 2023, exhibiting operational improvements.
Total assets have grown from approximately $107.9 billion in Q1 2023 to $120.5 billion by Q2 2025, suggesting balance sheet expansion.
Cash flow from continuing operating activities has generally been robust, with $2.56 billion generated in Q2 2025, supporting strong liquidity.
Synchrony has consistently paid and increased dividends per share from $0.23 in early 2023 to $0.30 in Q2 2025, reflecting confidence in cash flow and shareholder returns.
Share repurchases continue but are balanced with retained earnings growth, indicating active capital management.

Neutral Observations:

There has been noticeable volatility in provision for loan losses, with $1.15 billion in Q2 2025 down from higher levels in earlier periods; this impacts earnings but also reflects credit risk adjustments.
Long-term debt and interest-bearing deposits remain fairly stable with minor fluctuations over the period, impacting interest expense and funding costs.
Other non-interest income has been somewhat inconsistent, with fluctuations including some negative values indicating non-recurring or volatile items.

Negative Trends:

Net cash used in financing activities shifted from a positive inflow ($3 billion in Q1 2024) to a significant outflow (-$2.82 billion in Q2 2025), reflecting rising debt repayments and common equity repurchases, which may pressure liquidity if not managed carefully.
Total non-interest expense remains high and relatively steady around $1.2 billion, putting pressure on operating margins despite revenue growth.
Nonoperating net expense of -$992 million in Q2 2025 negatively impacts pretax income, signaling unusual or one-off charges that investors should monitor.
Deposits decreased by $1.17 billion in Q2 2025, after earlier gains, potentially signaling some customer outflow or funding challenges.

Summary:

Synchrony Financial has demonstrated solid earnings growth and asset expansion, alongside effective capital return policies like dividends and share buybacks. However, fluctuations in credit provisions, non-interest expenses, and financing cash flows introduce some risk factors. Investors should watch for continued improvements in credit quality and control of operating costs to sustain profitability. The company’s strong operating cash flow provides resilience amid these challenges.

10/08/25 05:51 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Synchrony Financial's Financials

When does Synchrony Financial's financial year end?

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

How has Synchrony Financial's net income changed over the last 10 years?

Synchrony Financial's net income appears to be on an upward trend, with a most recent value of $3.50 billion in 2024, rising from $2.11 billion in 2014. The previous period was $2.24 billion in 2023. Check out Synchrony Financial's forecast to explore projected trends and price targets.

How has Synchrony Financial's revenue changed over the last 10 years?

Over the last 10 years, Synchrony Financial's total revenue changed from $8.09 billion in 2014 to $16.13 billion in 2024, a change of 99.2%.

How much debt does Synchrony Financial have?

Synchrony Financial's total liabilities were at $102.88 billion at the end of 2024, a 0.7% decrease from 2023, and a 57.7% increase since 2014.

How much cash does Synchrony Financial have?

In the past 10 years, Synchrony Financial's cash and equivalents has ranged from $8.34 billion in 2021 to $14.71 billion in 2024, and is currently $14.71 billion as of their latest financial filing in 2024.

How has Synchrony Financial's book value per share changed over the last 10 years?

Over the last 10 years, Synchrony Financial's book value per share changed from 12.57 in 2014 to 39.45 in 2024, a change of 213.9%.

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This page (NYSE:SYF) was last updated on 10/8/2025 by MarketBeat.com Staff

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Synchrony Financial (SYF) Financials

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Synchrony Financial (SYF) Financials

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