Synchrony Financial (SYF) Research

Forward Estimates

EPS Estimates

Current Qtr

$2.09

$1.72$2.28

vs $2.50-16.2%

16 analysts

Next Qtr

$2.60

$2.36$2.83

vs $2.86-9.1%

16 analysts

Current Yr

$9.27

$9.09$9.47

vs $9.43-1.7%

19 analysts

Next Yr

$10.49

$9.21$11.21

vs $9.27+13.1%

19 analysts

Revenue Estimates

Current Qtr

$3.74B

$3.63B$3.79B

vs $3.65B+2.6%

13 analysts

Next Qtr

$3.90B

$3.81B$3.97B

vs $3.82B+1.9%

13 analysts

Current Yr

$15.32B

$15.16B$15.51B

vs $14.98B+2.3%

17 analysts

Next Yr

$16.12B

$15.56B$16.54B

vs $15.32B+5.2%

17 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for SYF on EDGAR.

SYF filing events and research context
Filed	Item	Context
Apr 23, 2026	mda_quarterly	Net earnings for the first quarter of 2026 rose to $805 million, driven by a $171 million increase in net interest income and a $156 million reduction in the provision for credit losses. Net interest income growth resulted from lower interest expenses and higher loan fees, while the provision decrease reflected lower net charge-offs. Loan receivables remained flat at $100.1 billion, though purchase volume grew 5.6% to $43 billion, led by the Digital and Diversified & Value platforms. Asset quality showed mixed trends: the net charge-off rate improved to 5.42% from 6.38%, but over-30 day delinquencies edged up to 4.54%. Funding remains heavily reliant on deposits, which totaled $82.9 billion and represented 83% of total funding, with the cost of funds declining to 4.04%. Capital returns include a new $6.5 billion open-ended share repurchase program and a planned quarterly dividend increase to $0.34 per share starting in the third quarter. Key operational risks include typical seasonal delinquency increases in the second half of the year and proposed regulatory revisions to risk-weighted asset calculations and the inclusion of accumulated other comprehensive income in Tier 1 capital.
Feb 6, 2026	business	Synchrony Financial operates primarily within the U.S. consumer credit market, generating revenue through credit products provided to customers of retail and manufacturer partners via program agreements. The company faces significant partner concentration; its five largest programs—Amazon, Lowe’s, PayPal, Sam’s Club, and TJX Companies—accounted for 54% of total interest and fees and 52% of loan receivables as of December 31, 2025. Consequently, the loss of major partners or shifts in partner financial performance poses a material risk to operations. Competitive pressures stem from large financial institutions and fintech providers like Affirm and Klarna, alongside emerging technological shifts such as AI-driven "agentic commerce" and the dominance of digital wallets. Regulatory risks are prominent, particularly regarding CFPB actions on credit pricing and late fees. Furthermore, the company’s financial stability is tied to macroeconomic conditions affecting consumer spending and the accuracy of its credit loss modeling under CECL. Managing liquidity through deposits and securitization, while mitigating cybersecurity and fraud risks, remains critical to maintaining its competitive position in the evolving digital payments landscape.
Oct 22, 2025	mda_quarterly	Synchrony Financial reported net earnings of $2.8 billion for the nine months ended September 30, 2025, driven by lower provisions for credit losses and increased net interest income resulting from lower benchmark rates. Loan receivables totaled $100.2 billion, funded primarily by $79.9 billion in deposits, which represent 85% of total funding. Credit quality improved, with the net charge-off rate decreasing to 5.74% and over-30 day delinquencies falling to 4.39%. The company expanded its point-of-sale financing footprint through the acquisition of Ally Lending and Versatile Credit. Strategic partner stability strengthened as 22 of the 25 largest program agreements now extend beyond 2027, highlighted by a renewed agreement with Amazon and a new Walmart partnership via OnePay. Regulatory headwinds eased following the vacation of the CFPB final rule on credit card late fees. Capital management focused on shareholder returns, including $2.0 billion in common stock repurchases and a quarterly dividend increase to $0.30 per share. Synchrony remains well-capitalized under Basel III standards, maintaining a common equity Tier 1 capital ratio of 13.7% as of September 30, 2025.

Filed

Item

Context

Apr 23, 2026

mda_quarterly

Net earnings for the first quarter of 2026 rose to $805 million, driven by a $171 million increase in net interest income and a $156 million reduction in the provision for credit losses. Net interest income growth resulted from lower interest expenses and higher loan fees, while the provision decrease reflected lower net charge-offs. Loan receivables remained flat at $100.1 billion, though purchase volume grew 5.6% to $43 billion, led by the Digital and Diversified & Value platforms. Asset quality showed mixed trends: the net charge-off rate improved to 5.42% from 6.38%, but over-30 day delinquencies edged up to 4.54%. Funding remains heavily reliant on deposits, which totaled $82.9 billion and represented 83% of total funding, with the cost of funds declining to 4.04%. Capital returns include a new $6.5 billion open-ended share repurchase program and a planned quarterly dividend increase to $0.34 per share starting in the third quarter. Key operational risks include typical seasonal delinquency increases in the second half of the year and proposed regulatory revisions to risk-weighted asset calculations and the inclusion of accumulated other comprehensive income in Tier 1 capital.

Feb 6, 2026

business

Synchrony Financial operates primarily within the U.S. consumer credit market, generating revenue through credit products provided to customers of retail and manufacturer partners via program agreements. The company faces significant partner concentration; its five largest programs—Amazon, Lowe’s, PayPal, Sam’s Club, and TJX Companies—accounted for 54% of total interest and fees and 52% of loan receivables as of December 31, 2025. Consequently, the loss of major partners or shifts in partner financial performance poses a material risk to operations. Competitive pressures stem from large financial institutions and fintech providers like Affirm and Klarna, alongside emerging technological shifts such as AI-driven "agentic commerce" and the dominance of digital wallets. Regulatory risks are prominent, particularly regarding CFPB actions on credit pricing and late fees. Furthermore, the company’s financial stability is tied to macroeconomic conditions affecting consumer spending and the accuracy of its credit loss modeling under CECL. Managing liquidity through deposits and securitization, while mitigating cybersecurity and fraud risks, remains critical to maintaining its competitive position in the evolving digital payments landscape.

Oct 22, 2025

mda_quarterly

Synchrony Financial reported net earnings of $2.8 billion for the nine months ended September 30, 2025, driven by lower provisions for credit losses and increased net interest income resulting from lower benchmark rates. Loan receivables totaled $100.2 billion, funded primarily by $79.9 billion in deposits, which represent 85% of total funding. Credit quality improved, with the net charge-off rate decreasing to 5.74% and over-30 day delinquencies falling to 4.39%. The company expanded its point-of-sale financing footprint through the acquisition of Ally Lending and Versatile Credit. Strategic partner stability strengthened as 22 of the 25 largest program agreements now extend beyond 2027, highlighted by a renewed agreement with Amazon and a new Walmart partnership via OnePay. Regulatory headwinds eased following the vacation of the CFPB final rule on credit card late fees. Capital management focused on shareholder returns, including $2.0 billion in common stock repurchases and a quarterly dividend increase to $0.30 per share. Synchrony remains well-capitalized under Basel III standards, maintaining a common equity Tier 1 capital ratio of 13.7% as of September 30, 2025.

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SYF filing events and research context

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