Synchrony Financial (SYF) Income Statement
SYF 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSYF revenue and net income
Where SYF's revenue goes
2025Each bar shows an amount and its share of revenue. SYF kept 18.6% of revenue as net income.
SYF profit margins
SYF growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −7.9% | +13.2% | +8.3% | +5.8% |
| Gross profit | +3.9% | +5.5% | +10.8% | +3.7% |
| Operating income | +1.5% | +5.3% | +20.8% | +2.7% |
| Net income | +1.5% | +5.6% | +20.7% | +4.8% |
| EPS (diluted) | +43.3% | +15.6% | +31.7% | +13.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SYF quarterly EPS vs estimates
Synchrony beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 20, 2026 (estimate $2.48).
SYF income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.12B | $20.76B | $17.34B | $13.20B | $11.22B | $12.83B | $15.60B | $15.15B | $13.76B | $12.22B |
| Cost of revenue | $9.36B | $11.37B | $9.68B | $4.90B | $1.76B | $6.97B | $6.47B | $7.42B | $6.69B | $5.23B |
| Gross profit | $9.76B | $9.39B | $7.66B | $8.30B | $9.47B | $5.85B | $9.13B | $7.74B | $7.07B | $6.99B |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $2.60B | $2.35B | $2.41B | $2.17B | $1.99B | $1.83B | $2.00B | $1.96B | $1.80B | $1.62B |
| Total operating expenses | $5.13B | $4.84B | $4.76B | $4.34B | $3.96B | $4.05B | $4.25B | $4.09B | $3.75B | $3.42B |
| Operating income | $4.62B | $4.55B | $2.90B | $3.96B | $5.50B | $1.80B | $4.89B | $3.64B | $3.32B | $3.57B |
| Interest income | $22.60B | $22.64B | $20.71B | $17.15B | $15.27B | $16.07B | $19.09B | $17.99B | $16.41B | $14.78B |
| Interest expense | $4.13B | $4.63B | $3.71B | $1.52B | $1.03B | $1.67B | $2.29B | $1.87B | $1.39B | $1.25B |
| Income before taxes | $4.62B | $4.55B | $2.90B | $3.96B | $5.50B | $1.80B | $4.89B | $3.64B | $3.32B | $3.57B |
| Income taxes | $1.07B | $1.05B | $666.0M | $946.0M | $1.28B | $412.0M | $1.14B | $854.0M | $1.39B | $1.32B |
| Net income | $3.55B | $3.50B | $2.24B | $3.02B | $4.22B | $1.39B | $3.75B | $2.79B | $1.94B | $2.25B |
| EBITDA | $5.13B | $5.03B | $3.36B | $4.38B | $5.89B | $2.18B | $5.25B | $3.95B | $3.58B | $3.79B |
| EPS (diluted) | $9.43 | $6.58 | $5.33 | $6.10 | $6.86 | $2.38 | $4.29 | $3.75 | $2.62 | $2.71 |
| Gross margin | 51.0% | 45.2% | 44.2% | 62.9% | 84.3% | 45.6% | 58.5% | 51.1% | 51.4% | 57.2% |
| Operating margin | 24.2% | 21.9% | 16.7% | 30.0% | 49.0% | 14.0% | 31.3% | 24.0% | 24.2% | 29.2% |
| Net margin | 18.6% | 16.9% | 12.9% | 22.9% | 37.6% | 10.8% | 24.0% | 18.4% | 14.1% | 18.4% |
| 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 | $4.69B | $4.67B | $4.77B | $4.83B | $4.71B | $4.80B | $4.92B | $4.99B | $4.89B | $4.89B | $4.74B | $4.47B |
| Cost of revenue | $2.18B | $2.30B | $2.42B | $2.16B | $2.21B | $2.58B | $2.68B | $2.77B | $2.87B | $3.05B | $2.89B | $2.48B |
| Gross profit | $2.52B | $2.36B | $2.35B | $2.68B | $2.50B | $2.23B | $2.24B | $2.22B | $2.02B | $1.84B | $1.85B | $1.99B |
| Sales, general & admin | $653.0M | $629.0M | $723.0M | $623.0M | $636.0M | $622.0M | $582.0M | $587.0M | $563.0M | $496.0M | $633.0M | $569.0M |
| Total operating expenses | $1.33B | $1.32B | $1.40B | $1.25B | $1.25B | $1.24B | $1.27B | $1.19B | $1.18B | $137.0M | $1.32B | $1.15B |
| Operating income | $1.19B | $1.05B | $952.0M | $1.43B | $1.26B | $984.0M | $973.0M | $1.03B | $844.0M | $1.71B | $539.0M | $833.0M |
| Interest income | $5.58B | $5.60B | $5.73B | $5.73B | $5.59B | $5.55B | $5.71B | $5.79B | $5.58B | $5.57B | $5.55B | $5.35B |
| Interest expense | $975.0M | $968.0M | $973.0M | $1.01B | $1.06B | $1.09B | $1.12B | $1.18B | $1.18B | $1.16B | $1.08B | $992.0M |
| Income before taxes | $1.19B | $1.05B | $952.0M | $1.43B | $1.26B | $984.0M | $973.0M | $1.03B | $844.0M | $1.71B | $539.0M | $833.0M |
| Income taxes | $301.0M | $242.0M | $201.0M | $352.0M | $289.0M | $227.0M | $199.0M | $239.0M | $201.0M | $415.0M | $99.0M | $205.0M |
| Net income | $885.0M | $805.0M | $751.0M | $1.08B | $967.0M | $757.0M | $774.0M | $789.0M | $643.0M | $1.29B | $440.0M | $628.0M |
| EBITDA | $1.33B | $1.19B | $1.09B | $1.56B | $1.38B | $1.11B | $1.09B | $1.15B | $965.0M | $1.83B | $657.0M | $949.0M |
| EPS (diluted) | $2.59 | $2.27 | $2.18 | $2.86 | $2.50 | $1.89 | $1.91 | $1.94 | $1.55 | $1.18 | $1.18 | $1.48 |
| Gross margin | 53.6% | 50.6% | 49.3% | 55.4% | 53.1% | 46.4% | 45.5% | 44.4% | 41.3% | 37.7% | 39.1% | 44.5% |
| Operating margin | 25.3% | 22.4% | 20.0% | 29.6% | 26.7% | 20.5% | 19.8% | 20.6% | 17.3% | 34.9% | 11.4% | 18.6% |
| Net margin | 18.9% | 17.3% | 15.8% | 22.3% | 20.5% | 15.8% | 15.7% | 15.8% | 13.2% | 26.4% | 9.3% | 14.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SYF's financial statements (latest annual report filed February 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SYF financial results
In fiscal year 2025 (ended December 31, 2025), Synchrony reported revenue of $19.1 billion, down 7.9% from the year before. It had net income of $3.6 billion (up 1.5%), a net profit margin of 18.6%. Diluted earnings per share came to $9.43. Over five years revenue grew at an average rate of 8.3% a year.
See the SYF stock overview for the latest quote and news, or the SYF chart for price history and technical indicators.
SYF income statement FAQ
What is Synchrony's annual revenue?
Synchrony reported total revenue of $19.1 billion for fiscal year 2025, which ended on December 31, 2025. That was down 7.9% from $20.8 billion the previous year.
Is Synchrony profitable?
Yes. Synchrony reported net income of $3.6 billion in fiscal 2025, a net profit margin of 18.6%; its operating margin was 24.2%.
What is Synchrony's gross margin?
Synchrony's gross margin was 51.0% in fiscal 2025: for every $100 of revenue, Synchrony kept $51 after the direct cost of its products and services.
How fast is Synchrony growing?
Revenue grew 8.3% a year on average over the last five fiscal years, from $12.8 billion to $19.1 billion.
What are Synchrony's earnings per share?
Synchrony earned $9.43 per diluted share in fiscal 2025, compared with $6.58 a year earlier.
When will Synchrony report its next earnings?
Synchrony is expected to report results for the quarter ending September 30, 2026 on October 20, 2026 before the market opens.
When does Synchrony's fiscal year end?
Synchrony's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 6, 2026.