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Synchrony Financial (SYF)
NYSE:SYF
Earnings Data
Report Date
Apr 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.13Last Year’s EPS
1.89Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple operational and financial strengths: record fourth-quarter purchase volume, margin expansion, improved credit metrics, broad partner wins, and strong digital/product adoption. Management provided a constructive 2026 outlook (mid-single-digit receivables growth, NII growth, EPS guidance $9.10–$9.50) while acknowledging near-term headwinds — elevated payment rates, higher RSAs and expenses, a modest decline in ending receivables, and regulatory risk. On balance, the positives (revenue and margin gains, credit improvement, partnership momentum, product traction and shareholder returns) outweigh the near-term challenges and investments.Company Guidance
Record Purchase Volume and Yearly Sales
Fourth-quarter purchase volume reached a record $49.0 billion, up 3% year-over-year. For full-year 2025 Synchrony generated more than $182 billion of sales for partners, and connected nearly 70 million customers.
Strong Earnings and Returns
Q4 net earnings of $751 million ($2.40 per diluted share) (included a $0.14 per-share restructuring charge). Full-year net earnings were $3.6 billion ($9.28 per diluted share). Q4 return on average assets was 2.5% and return on tangible common equity was 21.8%; full-year ROA 3.0% and ROTCE 25.8%.
Net Interest Income and Margin Expansion
Net interest income increased 4% year-over-year to $4.8 billion. Net interest margin rose 82 basis points versus prior year to 15.83%, driven by a 53-basis-point increase in loan receivables yield and a 51-basis-point decline in interest-bearing liability costs.
Improved Credit Metrics
Credit trends improved: 30+ delinquency rate 4.49% (down 21 bps YoY), 90+ delinquency 2.17% (down 23 bps YoY), and Q4 net charge-off rate 5.37% (down 108 bps YoY). Provision for credit losses decreased $118 million to $1.4 billion, driven by a $294 million decrease in net charge-offs.
Digital and Product Momentum
Digital platform purchase volume increased 6% YoY. Total site visits rose 18% and sales through digital channels grew 17% in 2025. Unique provisioned accounts and digital wallet sales more than doubled YoY, driving a 400-basis-point gain in dual and co-branded cards wallet penetration.
Multi-Product Strategy and Pay Later Traction
Dual and co-branded cards accounted for 50% of total purchase volume and grew 16% YoY. Synchrony Pay Later is now offered at more than 6,200 merchants and when Pay Later and revolving products are offered together, Synchrony observes at least a 10% average increase in sales.
Business Development and Partner Renewals
Added/renewed more than 25 partners in Q4 (e.g., Bob's Discount Furniture, RH, Polaris) and more than 75 partners over the past year; approximately 97% of interest and fees from top 25 partners renewed through 2028 and top five partners renewed through 2030+.
Capital Return and Funding Mix
Returned $1.1 billion to shareholders in Q4 ($952 million share repurchases and $106 million dividends) and $3.3 billion for the full year. At December 31, deposits represented 84% of total funding; issued a $750 million three-year secured bond at a 4.06% coupon.
2026 Financial Outlook
Guidance for 2026 includes mid-single-digit ending receivables growth (with acceleration in back half of year), continued net interest income growth, an expected portfolio net charge-off rate in line with the 5.5%–6% long-term target, and EPS between $9.10 and $9.50.
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 |
|---|---|---|---|
Jan 27, 2026 | $77.51 | $73.00 | -5.82% |
Oct 16, 2025 | $72.02 | $69.96 | -2.86% |
Jul 22, 2025 | $68.86 | $70.06 | +1.76% |
Apr 22, 2025 | $46.57 | $47.88 | +2.82% |
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 Apr 28, 2026, Before Open (Confirmed).
What is Synchrony Financial (SYF) earnings time?
Synchrony Financial (SYF) earnings time is at Apr 28, 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 (Q1) is 2.13.
