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SYF

Synchrony Financial

SYF

Synchrony Financial • NYSE
$77.96 ▲ 1.31% (+1.01)
Market Cap $29.57 B
52w High $77.91
52w Low $40.55
Dividend Yield 1.15%
P/E 8.55
Volume 859.11K
Outstanding Shares 379.25M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.834B ▲ $1.248B ▲ $1.077B ▲ 22.28% ▲ $2.89 ▲ $1.557B ▲
Q2-2025 $4.712B ▼ $1.245B ▲ $967M ▲ 20.522% ▲ $2.51 ▲ $1.378B ▲
Q1-2025 $4.804B ▼ $1.243B ▼ $757M ▼ 15.758% ▲ $1.91 ▼ $1.109B ▲
Q4-2024 $4.919B ▼ $1.267B ▲ $774M ▼ 15.735% ▼ $1.93 ▼ $1.093B ▼
Q3-2024 $4.99B $1.189B $789M 15.812% $1.96 $1.149B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $18.961B ▼ $116.984B ▼ $99.919B ▼ $17.065B ▲
Q2-2025 $22.362B ▼ $120.505B ▼ $103.553B ▼ $16.952B ▲
Q1-2025 $24.353B ▲ $122.026B ▲ $105.445B ▲ $16.581B ▲
Q4-2024 $17.79B ▼ $119.463B ▲ $102.883B ▼ $16.58B ▲
Q3-2024 $20.279B $119.229B $103.249B $15.98B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.077B ▲ $2.637B ▲ $-1.574B ▲ $-4.955B ▼ $-3.892B ▼ $2.637B ▲
Q2-2025 $967M ▲ $2.56B ▲ $-2.241B ▼ $-2.817B ▼ $-2.498B ▼ $2.56B ▲
Q1-2025 $757M ▼ $2.2B ▼ $3.603B ▲ $2.119B ▲ $7.922B ▲ $2.2B ▼
Q4-2024 $774M ▼ $2.353B ▼ $-4.963B ▼ $-617M ▲ $-3.226B ▼ $2.353B ▼
Q3-2024 $789M $2.763B $-2.231B $-1.231B $-699M $2.763B

Five-Year Company Overview

Income Statement

Income Statement Synchrony’s income statement shows a business that has grown meaningfully over the last five years, with revenue rising and operating profits expanding alongside it. Profitability is generally solid, but earnings have been a bit uneven from year to year, reflecting how sensitive a credit-card and consumer lender is to economic conditions and changing credit losses. After a very strong period earlier in the decade, profits dipped and then improved again more recently, suggesting the company is managing through the credit cycle but not immune to it. Overall, the picture is of a mature, earnings‑generating franchise with good profit potential but exposure to swings in consumer credit quality and interest rates.

Balance Sheet

Balance Sheet The balance sheet shows steady growth in total assets as Synchrony has expanded its lending activities. Shareholders’ equity has been building over time, which points to retained earnings and a stronger capital base. Debt levels have stayed relatively controlled versus the size of the balance sheet, which is important for a leveraged financial institution. Cash and liquid resources look healthy, giving the company flexibility to manage funding needs and absorb stress, though its true resilience still depends heavily on credit quality in its loan portfolio and the stability of its deposit and funding base.

Cash Flow

Cash Flow Synchrony’s cash flow profile is a key strength. Operating cash flow has been consistently strong over several years, and because the business is not capital‑intensive in the traditional sense, free cash flow largely mirrors operating cash flow. This means the company generates a lot of cash it can use to absorb loan losses, invest in technology, and return capital when conditions allow. The main caveat is that cash flows can change quickly if credit losses spike or funding costs rise, so the apparent stability should always be viewed in the context of the broader credit cycle.

Competitive Edge

Competitive Edge Synchrony has a distinctive competitive position built around deep, long‑term partnerships with major retailers, healthcare providers, and manufacturers. Its focus on private‑label and co‑branded credit cards, along with installment and “buy now, pay later” products, makes it tightly integrated into partners’ sales processes rather than just being a generic card issuer. This integration, plus the data and technology it provides to partners, creates high switching costs and helps defend its relationships. CareCredit gives it a unique foothold in healthcare financing, which many peers do not match at scale. However, the company operates in a very competitive arena, facing pressure from large banks, card networks, and fintechs, and it carries concentration risk if any large partner chooses to switch providers or renegotiate terms.

Innovation and R&D

Innovation and R&D Synchrony is leaning heavily into technology and data as a core part of its strategy rather than treating it as a side activity. Its analytics platform, AI‑driven credit decisioning, fraud tools, and personalized marketing capabilities are central to how it underwrites risk and supports partners. The company is also investing through its venture arm, acquiring and partnering with fintech players to stay at the forefront of embedded finance, digital gifting, and point‑of‑sale solutions. Recent efforts around generative AI, smarter digital assistants, and a “walletless” experience suggest a forward‑looking approach that could deepen customer engagement and partner stickiness. The upside is meaningful if execution is strong, but this also requires ongoing investment, careful governance of AI and data use, and disciplined testing to ensure innovations actually improve risk-adjusted returns.

Summary

Putting it all together, Synchrony Financial looks like an established, cash‑generative consumer finance platform with a clear strategic focus on partner‑centric, technology‑enabled lending. Financially, it combines solid revenue growth with generally strong profitability and robust cash generation, though earnings have been somewhat bumpy over the cycle, underscoring its exposure to consumer credit trends and rate conditions. Its balance sheet and cash flow provide a foundation to invest in technology and support partners, while its deep, embedded relationships and specialized offerings like CareCredit create a meaningful competitive moat. At the same time, the business faces real risks: cyclical credit losses, intense competition from both traditional players and fintechs, and dependence on a set of large partners and evolving regulation. The long‑term story hinges on Synchrony’s ability to keep using data, AI, and digital tools to price risk accurately and enhance the partner and customer experience, without letting growth or innovation outpace prudent risk management.

NEWS

November 20, 2025 · 9:00 AM UTC

Synchrony and The Toro Company Launch New Credit Card for Financing Lawn Equipment

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November 5, 2025 · 8:00 AM UTC

Synchrony to Participate in the 2025 KBW Fintech Payments Conference

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October 23, 2025 · 4:05 PM UTC

Synchrony Announces Quarterly Common Stock Dividend of $0.30 Per Share

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October 15, 2025 · 6:00 AM UTC

Synchrony Reports Third Quarter 2025 Results; Company also Announces Approval of $1 Billion Increase in Share Repurchase Authority

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October 14, 2025 · 3:08 PM UTC

OPEIU and CWA Call on Synchrony Financial To Disclose Material Relationships Compromising Director Independence

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