The earnings call presented a mixed outlook. While Synchrony displayed strong financial performance, notable partnerships, and positive credit trends, it faced challenges with decreased purchase volumes, lower net revenue, and increased efficiency ratio. Moving forward, the company is optimistic about growth opportunities through new product launches and partnerships.

Company Guidance -

Q3 2025

During the Synchrony Financial Second Quarter 2025 Earnings Conference Call, the company provided several key financial metrics and guidance for the future. Synchrony reported strong financial performance with net earnings of $967 million, or $2.50 per diluted share. The return on average assets was 3.2%, and the return on tangible common equity stood at 28.3%. The company generated $46 billion in purchase volume, with dual and co-branded cards accounting for 45% of this volume and experiencing a 5% growth compared to the previous year. Despite a challenging macroeconomic environment, Synchrony managed to maintain stable credit performance, with a 30-plus delinquency rate of 4.18% and a net charge-off rate of 5.7%. Looking forward, Synchrony expects ending loan receivables to remain flat for the full year 2025, with net interest margin projected to average 15.6% in the second half of the year. Additionally, Synchrony announced new partnerships and product launches, including a notable program with Walmart and OnePay, and an expansion of its relationship with Amazon through the introduction of Synchrony Pay Later. These initiatives, coupled with cautious credit management, are expected to drive sustainable growth and enhance shareholder value in the coming years.

Strong Financial Performance

Synchrony delivered net earnings of $967 million or $2.50 per diluted share, with a return on average assets of 3.2% and a return on tangible common equity of 28.3%.

Partnership Additions and Renewals

Added or renewed more than 15 partners including Walmart and OnePay, and renewed the relationship with Amazon, launching new products with top partners.

Positive Credit Performance

Credit trends have outperformed industry expectations with a decrease in net charge-off rate to 5.7%, and delinquency rates have improved, underscoring better credit positioning.

Expansion in Co-Branded Cards

Co-branded cards accounted for 45% of purchase volume, increasing 5% compared to last year.

Innovative Product Launches

Launched Synchrony Pay Later at Amazon and rolled out the physical PayPal credit card, enhancing customer experience and flexibility.

Synchrony Financial (SYF) Earnings, Revenues Date & History

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SYF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	2.17 / -	1.94	―	―	―
Jul 22, 2025	2025 (Q2)	1.82 / 2.50	1.55	61.29% (+0.95)
Apr 22, 2025	2025 (Q1)	1.68 / 1.89	1.18	60.17% (+0.71)
Jan 28, 2025	2024 (Q4)	1.93 / 1.91	1.03	85.44% (+0.88)
Oct 16, 2024	2024 (Q3)	1.81 / 1.94	1.48	31.08% (+0.46)
Jul 17, 2024	2024 (Q2)	1.35 / 1.55	1.32	17.42% (+0.23)
Apr 24, 2024	2024 (Q1)	1.34 / 1.18	1.35	-12.59% (-0.17)
Jan 23, 2024	2023 (Q4)	0.93 / 1.03	1.26	-18.25% (-0.23)
Oct 24, 2023	2023 (Q3)	1.44 / 1.48	1.47	0.68% (+0.01)
Jul 18, 2023	2023 (Q2)	1.25 / 1.32	1.6	-17.50% (-0.28)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SYF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$69.44	$70.66	+1.76%
Apr 22, 2025	$46.97	$48.29	+2.81%
Jan 28, 2025	$69.22	$66.05	-4.58%
Oct 16, 2024	$52.56	$55.75	+6.07%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.