Synchrony Financial (SYF)
NYSE:SYF
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Earnings Data
Report Date
Jul 21, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.11Last Year’s EPS
2.5Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial picture: record purchase volumes, strong co-brand performance, improving credit metrics (notably a 96-basis-point reduction in net charge-offs), margin expansion, solid profitability and meaningful shareholder returns. Offsetting items include flat year-over-year receivables, modest declines in liquidity and capital ratios, higher operating expenses and a seasonal expectation of Q2 net charge-off peaking. Management provided an optimistic outlook for mid-single-digit receivables growth by year-end, NII growth, and an EPS guide of $9.10–$9.50, signaling confidence in continued momentum despite near-term headwinds.Company Guidance
Record First-Quarter Purchase Volume
Synchrony generated a record Q1 purchase volume of $43.0 billion, up 6% year-over-year, driven by multi-product engagement and higher spend per account across platforms.
Strong Co-Brand Performance
Co-branded credit cards (including dual cards) comprised 51% of total purchase volume and increased 20% year-over-year, reflecting product upgrades and enhanced utility across card programs.
Platform-Level Growth
Platform purchase volume growth: Diversified & Value +9%, Digital +8%, Lifestyle +7%, Health & Wellness +3%, while Home & Auto was flat; discretionary spend accelerated and outpaced nondiscretionary for the third consecutive quarter.
Improved Credit Metrics
Net charge-off rate improved to 5.42% from 6.38% a year ago (down 96 basis points); provision for credit losses decreased $156 million to $1.3 billion, and RSA (reserve for ... ) was $1.1 billion or 4.31% of average loan receivables.
Net Interest Income and Margin Expansion
Net interest income increased 4% to $4.6 billion; net interest margin rose 76 basis points year-over-year to 15.5%, driven by higher loan receivables yields (including PPPC impact) and lower funding costs (interest expense down 11%).
Profitability and Capital Generation
Net earnings were $805 million (EPS $2.27 diluted), return on average assets 2.7%, return on tangible common equity 24.5%, and tangible book value per share increased 8% year-over-year.
Funding & Liability Improvements
Direct deposits grew by $3.1 billion while brokered deposits declined $3.7 billion year-over-year; deposits represented 83% of total funding. Issued $750 million senior unsecured debt (coupon 4.95%) and $500 million secured bond (coupon 4.22%).
Capital Return to Shareholders & Buyback Authorization
Returned $1.0 billion to shareholders in Q1 (≈$900 million repurchases, $104 million dividends) and Board approved a new open-ended $6.5 billion share repurchase program replacing the prior program.
Strategic Partnerships and Distribution Expansion
Added or renewed 15+ partners including Indian Motorcycle, Harbor Freight, Miracle-Ear; expanded CareCredit partnerships (Planet DDS, FIGO, Embrace) and broadened CareCredit acceptance on walmart.com to increase consumer financing access.
Customer Acquisition Traction
New account originations accelerated ~15% in Q1 with early April trends consistent to slightly stronger, supporting management's expectation of second-half receivable acceleration.
Workplace Recognition
Ranked #1 Best Company to Work For in the U.S. by Fortune Magazine and Great Place to Work in 2026, underscoring employee engagement and culture.
SYF Earnings History
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 |
|---|---|---|---|
Apr 21, 2026 | $78.58 | $77.63 | -1.21% |
Jan 27, 2026 | $77.19 | $72.70 | -5.82% |
Oct 16, 2025 | $71.73 | $69.68 | -2.86% |
Jul 22, 2025 | $68.58 | $69.78 | +1.76% |
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.
FAQ
When does Synchrony Financial (SYF) report earnings?
Synchrony Financial (SYF) is schdueled to report earning on Jul 21, 2026, Before Open (Confirmed).
What is Synchrony Financial (SYF) earnings time?
Synchrony Financial (SYF) earnings time is at Jul 21, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SYF EPS forecast?
SYF EPS forecast for the fiscal quarter 2026 (Q2) is 2.11.
