Bread Financial Holdings, Inc. (BFH) Income Statement
BFH 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBFH revenue and net income
Where BFH's revenue goes
2025Each bar shows an amount and its share of revenue. BFH kept 11.0% of revenue as net income.
BFH profit margins
BFH growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +22.4% | +7.1% | +7.3% | −3.1% |
| Gross profit | +21.9% | +10.1% | +8.8% | +2.6% |
| Operating income | +120.1% | −8.5% | −7.1% | −6.9% |
| Net income | +87.0% | +32.4% | +19.3% | −1.4% |
| EPS (diluted) | +58.8% | +36.4% | +5.3% | −2.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BFH quarterly EPS vs estimates
Bread Financial beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 22, 2026 (estimate $3.26).
BFH income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.70B | $3.84B | $4.29B | $3.83B | $3.27B | $3.30B | $3.35B | $5.67B | $5.47B | $7.14B |
| Cost of revenue | $1.72B | $1.40B | $1.23B | $1.59B | $1.59B | $2.57B | $3.26B | $3.08B | $2.92B | $4.71B |
| Gross profit | $2.98B | $2.44B | $3.06B | $2.23B | $1.68B | $1.95B | $2.32B | $2.59B | $2.55B | $2.43B |
| Sales, general & admin | $1.31B | $1.04B | $1.03B | $779.0M | $671.0M | $609.0M | $721.0M | $162.5M | $159.3M | $143.2M |
| Total operating expenses | $2.36B | $3.84B | $1.47B | $180.0M | $633.0M | −$161.6M | −$1.22B | $829.8M | $1.03B | $1.17B |
| Operating income | $614.0M | $279.0M | $1.59B | $802.0M | $1.04B | $888.4M | $1.31B | $1.76B | $1.52B | $1.27B |
| Interest income | $4.91B | $5.02B | $5.14B | $4.68B | $3.87B | $3.95B | — | $542.3M | $455.4M | $428.5M |
| Interest expense | $854.0M | $960.0M | $879.0M | $503.0M | $383.0M | $499.0M | $638.0M | $156.4M | $173.7M | $218.2M |
| Income before taxes | $614.0M | $381.0M | $968.0M | $300.0M | $1.04B | $301.0M | $662.0M | $1.22B | $1.06B | $837.0M |
| Income taxes | $92.0M | $102.0M | $231.0M | $76.0M | $247.0M | $93.0M | $156.0M | $269.5M | $293.3M | $319.4M |
| Net income | $518.0M | $277.0M | $718.0M | $223.0M | $801.0M | $214.0M | $278.0M | $963.1M | $788.7M | $515.8M |
| EBITDA | $694.0M | $1.43B | $1.08B | $915.0M | $1.17B | $549.0M | $994.0M | $1.70B | $1.56B | $1.35B |
| EPS (diluted) | $12.13 | $7.64 | $14.71 | $4.78 | $17.95 | $9.37 | $16.72 | $22.75 | $19.36 | $16.93 |
| Gross margin | 63.3% | 63.6% | 71.3% | 58.3% | 51.3% | 59.1% | 69.4% | 45.7% | 46.6% | 34.1% |
| Operating margin | 13.1% | 7.3% | 37.1% | 21.0% | 31.9% | 26.9% | 39.1% | 31.0% | 27.7% | 17.7% |
| Net margin | 11.0% | 7.2% | 16.7% | 5.8% | 24.5% | 6.5% | 8.3% | 17.0% | 14.4% | 7.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.19B | $1.21B | $1.17B | $1.18B | $1.15B | $1.20B | $1.16B | $1.22B | $1.18B | $1.24B | $1.25B | $1.25B |
| Cost of revenue | $508.0M | $496.0M | $199.0M | $509.0M | $494.0M | $521.0M | $648.0M | $609.0M | $531.0M | $569.0M | $720.0M | $523.0M |
| Gross profit | $680.0M | $715.0M | $975.0M | $672.0M | $655.0M | $674.0M | $508.0M | $614.0M | $649.0M | $670.0M | $535.0M | $727.0M |
| Sales, general & admin | $225.0M | $255.0M | $555.0M | $260.0M | $246.0M | $250.0M | $290.0M | $266.0M | $247.0M | $241.0M | $266.0M | $246.0M |
| Total operating expenses | $483.0M | $472.0M | $928.0M | $476.0M | $481.0M | $477.0M | $535.0M | $574.0M | $469.0M | $482.0M | $517.0M | $502.0M |
| Operating income | $197.0M | $243.0M | $47.0M | $196.0M | $174.0M | $197.0M | −$27.0M | $40.0M | $180.0M | $188.0M | $18.0M | $225.0M |
| Interest income | $1.23B | $1.26B | $1.25B | $1.24B | $1.19B | $1.23B | $1.22B | $1.28B | $1.23B | $1.30B | $1.31B | $1.30B |
| Interest expense | $195.0M | $193.0M | $199.0M | $210.0M | $220.0M | $225.0M | $231.0M | $240.0M | $241.0M | $248.0M | $238.0M | $219.0M |
| Income before taxes | $197.0M | $243.0M | $47.0M | $196.0M | $174.0M | $197.0M | −$27.0M | $40.0M | $180.0M | $188.0M | $18.0M | $225.0M |
| Income taxes | $51.0M | $62.0M | −$6.0M | $8.0M | $35.0M | $55.0M | −$34.0M | $37.0M | $47.0M | $53.0M | −$26.0M | $52.0M |
| Net income | $146.0M | $181.0M | $53.0M | $188.0M | $139.0M | $138.0M | $7.0M | $2.0M | $133.0M | $134.0M | $43.0M | $171.0M |
| EBITDA | $215.0M | $262.0M | $66.0M | $215.0M | $195.0M | $218.0M | −$5.0M | $62.0M | $203.0M | $211.0M | $42.0M | $248.0M |
| EPS (diluted) | $3.55 | $4.18 | $2.07 | $4.02 | $3.14 | $2.90 | $0.41 | $1.84 | $2.66 | $2.73 | $0.90 | $3.46 |
| Gross margin | 57.2% | 59.0% | 83.0% | 56.9% | 57.0% | 56.4% | 43.9% | 50.2% | 55.0% | 54.1% | 42.6% | 58.2% |
| Operating margin | 16.6% | 20.1% | 4.0% | 16.6% | 15.1% | 16.5% | −2.3% | 3.3% | 15.3% | 15.2% | 1.4% | 18.0% |
| Net margin | 12.3% | 14.9% | 4.5% | 15.9% | 12.1% | 11.5% | 0.6% | 0.2% | 11.3% | 10.8% | 3.4% | 13.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BFH's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BFH financial results
In fiscal year 2025 (ended December 31, 2025), Bread Financial reported revenue of $4.7 billion, up 22.4% from the year before. It had net income of $518.0 million (up 87.0%), a net profit margin of 11.0%. Diluted earnings per share came to $12.13. Over five years revenue grew at an average rate of 7.3% a year.
See the BFH stock overview for the latest quote and news, or the BFH chart for price history and technical indicators.
BFH income statement FAQ
What is Bread Financial's annual revenue?
Bread Financial reported total revenue of $4.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 22.4% from $3.8 billion the previous year.
Is Bread Financial profitable?
Yes. Bread Financial reported net income of $518.0 million in fiscal 2025, a net profit margin of 11.0%; its operating margin was 13.1%.
What is Bread Financial's gross margin?
Bread Financial's gross margin was 63.3% in fiscal 2025: for every $100 of revenue, Bread Financial kept $63 after the direct cost of its products and services.
How fast is Bread Financial growing?
Revenue grew 7.3% a year on average over the last five fiscal years, from $3.3 billion to $4.7 billion.
What are Bread Financial's earnings per share?
Bread Financial earned $12.13 per diluted share in fiscal 2025, compared with $7.64 a year earlier.
When will Bread Financial report its next earnings?
Bread Financial is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 before the market opens.
When does Bread Financial's fiscal year end?
Bread Financial's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.