Bread Financial Holdings, Inc. Financials

BFH

Source SEC Filings (10-K/10-Q) Updated Feb 13, 2026 Currency USD FYE February

This page shows Bread Financial Holdings, Inc. (BFH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Strong

7/9

Bread Financial Holdings, Inc. passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

4.04x

For every $1 of reported earnings, Bread Financial Holdings, Inc. generates $4.04 in operating cash flow ($2K OCF vs $518 net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$4K

YoY-100.0%

5Y CAGR-93.5%

10Y CAGR-76.1%

Bread Financial Holdings, Inc. generated $4K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$518

YoY-100.0%

5Y CAGR-92.5%

10Y CAGR-75.3%

Bread Financial Holdings, Inc. reported $518 in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

EPS (Diluted)

$10.89

YoY+98.4%

5Y CAGR+19.5%

10Y CAGR+2.1%

Bread Financial Holdings, Inc. earned $10.89 per diluted share (EPS) in fiscal year 2025. This represents an increase of 98.4% from the prior year.

Cash & Debt

$4K

YoY-100.0%

5Y CAGR-93.4%

10Y CAGR-71.9%

Bread Financial Holdings, Inc. held $4K in cash against $4K in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.84

YoY+0.0%

5Y CAGR-7.8%

Bread Financial Holdings, Inc. paid $0.84 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

43M

YoY-12.2%

Bread Financial Holdings, Inc. had 43M shares outstanding in fiscal year 2025. This represents a decrease of 12.2% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

13.5%

YoY+6.2pp

5Y CAGR+7.0pp

10Y CAGR+4.1pp

Bread Financial Holdings, Inc.'s net profit margin was 13.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 6.2 percentage points from the prior year.

Return on Equity

15.6%

YoY+6.5pp

5Y CAGR+1.5pp

10Y CAGR-14.6pp

Bread Financial Holdings, Inc.'s ROE was 15.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 6.5 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$313

YoY-100.0%

10Y CAGR-77.5%

Bread Financial Holdings, Inc. spent $313 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

N/A

BFH Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$4K-100.0%	$3.8B-10.5%	$4.3B+12.1%	$3.8B+16.9%	$3.3B-0.8%	$3.3B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$2.1B
Gross Profit	N/A	N/A	N/A	N/A	N/A	$1.2B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	$105.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	$301.0M
Interest Expense	$108-100.0%	$960.0M+9.2%	$879.0M+74.8%	$503.0M+31.3%	$383.0M-23.2%	$499.0M
Income Tax	$94-100.0%	$102.0M-55.8%	$231.0M+203.9%	$76.0M-69.2%	$247.0M+165.6%	$93.0M
Net Income	$518-100.0%	$277.0M-61.4%	$718.0M+222.0%	$223.0M-72.2%	$801.0M+274.3%	$214.0M
EPS (Diluted)	$10.89+98.4%	$5.49-61.7%	$14.34+221.5%	$4.46-72.2%	$16.02+259.2%	$4.46

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$975.0M+0.4%	$971.0M+4.5%	$929.0M-4.2%	$970.0M+4.9%	$925.0M-5.9%	$983.0M+4.7%	$939.0M-5.2%	$991.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$199.0M-5.2%	$210.0M-4.5%	$220.0M-2.2%	$225.0M-2.6%	$231.0M-3.8%	$240.0M-0.4%	$241.0M-2.8%	$248.0M
Income Tax	-$4.0M-150.0%	$8.0M-77.1%	$35.0M-36.4%	$55.0M+257.1%	-$35.0M-194.6%	$37.0M-21.3%	$47.0M-11.3%	$53.0M
Net Income	$53.0M-71.8%	$188.0M+35.3%	$139.0M+0.7%	$138.0M+1625.0%	$8.0M+300.0%	$2.0M-98.5%	$133.0M-0.7%	$134.0M
EPS (Diluted)	$1.21-69.4%	$3.96+34.7%	$2.94+5.8%	$2.78+3375.0%	$0.08+60.0%	$0.05-98.1%	$2.66-1.5%	$2.70

BFH Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$23K-100.0%	$22.9B-1.1%	$23.1B-8.9%	$25.4B+16.8%	$21.7B-3.6%	$22.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	$19.6B
Cash & Equivalents	$4K-100.0%	$3.7B+2.5%	$3.6B-7.7%	$3.9B+27.7%	$3.0B+8.9%	$2.8B
Inventory	N/A	N/A	N/A	N/A	N/A	$164.3M
Accounts Receivable	$148-100.0%	$145.0M+0.7%	$144.0M-12.2%	$164.0M+8.6%	$151.0M-60.7%	$383.8M
Goodwill	$634-100.0%	$634.0M0.0%	$634.0M0.0%	$634.0M0.0%	$634.0M0.0%	$634.0M
Total Liabilities	$19K-100.0%	$19.8B-1.9%	$20.2B-12.6%	$23.1B+17.7%	$19.7B-6.5%	$21.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	$10.4B
Long-Term Debt	$4K-100.0%	$5.6B+5.0%	$5.3B-33.9%	$8.0B+7.6%	$7.4B+165.1%	$2.8B
Total Equity	$3K-100.0%	$3.1B+4.6%	$2.9B+28.8%	$2.3B+8.6%	$2.1B+37.1%	$1.5B
Retained Earnings	$1K-100.0%	$999.0M+30.2%	$767.0M+724.7%	$93.0M+206.9%	-$87.0M-101.8%	$4.8B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$22.7B+4.4%	$21.7B-0.5%	$21.8B-2.5%	$22.4B-2.2%	$22.9B+5.3%	$21.7B-1.8%	$22.1B-0.7%	$22.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$3.6B-4.3%	$3.8B-0.9%	$3.8B-9.8%	$4.2B+14.5%	$3.7B+6.6%	$3.5B-14.9%	$4.1B+7.0%	$3.8B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$148.0M	N/A	N/A	N/A	$145.0M	N/A	N/A	N/A
Goodwill	$634.0M	N/A	N/A	N/A	$634.0M	N/A	N/A	N/A
Total Liabilities	$19.3B+5.1%	$18.4B-1.4%	$18.7B-3.4%	$19.3B-2.7%	$19.8B+6.5%	$18.6B-1.8%	$19.0B-1.5%	$19.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$4.3B+13.8%	$3.8B-10.4%	$4.2B-17.5%	$5.1B-7.8%	$5.6B+21.2%	$4.6B	N/A	N/A
Total Equity	$3.3B+0.3%	$3.3B+4.8%	$3.2B+3.2%	$3.1B+0.6%	$3.1B-2.0%	$3.1B-1.8%	$3.2B+4.6%	$3.0B
Retained Earnings	$1.5B+3.0%	$1.4B+14.1%	$1.3B+11.5%	$1.1B+12.7%	$999.0M-0.4%	$1.0B-0.9%	$1.0B+13.7%	$890.0M

BFH Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2K-100.0%	$1.9B-6.4%	$2.0B+7.5%	$1.8B+19.8%	$1.5B-18.1%	$1.9B
Capital Expenditures	N/A	N/A	N/A	$68.0M-19.0%	$84.0M+55.6%	$54.0M
Free Cash Flow	N/A	N/A	N/A	$1.8B+22.0%	$1.5B-20.2%	$1.8B
Investing Cash Flow	$1K+100.0%	-$1.2B-248.4%	$788.0M+115.4%	-$5.1B-202.2%	-$1.7B-195.3%	$1.8B
Financing Cash Flow	$807+100.0%	-$592.0M+80.8%	-$3.1B-194.5%	$3.3B+437.3%	$608.0M+114.6%	-$4.2B
Dividends Paid	$10-100.0%	$43.0M+2.4%	$42.0M-2.3%	$43.0M+2.4%	$42.0M-31.1%	$61.0M
Share Buybacks	$313-100.0%	$55.0M+57.1%	$35.0M+191.7%	$12.0M	$0	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$568.0M-6.1%	$605.0M+15.0%	$526.0M+33.8%	$393.0M-18.0%	$479.0M+5.0%	$456.0M-4.4%	$477.0M+6.7%	$447.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.5B-344.7%	-$338.0M-52.9%	-$221.0M-132.0%	$691.0M+151.1%	-$1.4B-137.4%	-$569.0M-1935.5%	$31.0M-95.7%	$720.0M
Financing Cash Flow	$784.0M+356.2%	-$306.0M+57.7%	-$723.0M-28.6%	-$562.0M-150.4%	$1.1B+328.5%	-$488.0M-100.0%	-$244.0M+75.0%	-$975.0M
Dividends Paid	$10.0M0.0%	$10.0M0.0%	$10.0M0.0%	$10.0M-9.1%	$11.0M+10.0%	$10.0M-9.1%	$11.0M0.0%	$11.0M
Share Buybacks	$123.0M+207.5%	$40.0M-14.9%	$47.0M-54.4%	$103.0M+134.1%	$44.0M	$0	$0-100.0%	$11.0M

BFH Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	37.0%
Operating Margin	N/A	N/A	N/A	N/A	N/A	9.1%
Net Margin	13.5%+6.2pp	7.2%-9.5pp	16.7%+10.9pp	5.8%-18.6pp	24.5%+18.0pp	6.5%
Return on Equity	15.6%+6.5pp	9.1%-15.5pp	24.6%+14.8pp	9.8%-28.5pp	38.4%+24.3pp	14.1%
Return on Assets	2.3%+1.1pp	1.2%-1.9pp	3.1%+2.2pp	0.9%-2.8pp	3.7%+2.7pp	0.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	1.88
Debt-to-Equity	1.29-0.5	1.820.0	1.81-1.7	3.54-0.0	3.57+1.7	1.84
FCF Margin	N/A	N/A	N/A	46.5%+1.9pp	44.6%-10.9pp	55.5%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	5.4%-13.9pp	19.4%+4.4pp	15.0%+0.7pp	14.2%+13.4pp	0.9%+0.7pp	0.2%-14.0pp	14.2%+0.6pp	13.5%
Return on Equity	1.6%-4.1pp	5.7%+1.3pp	4.4%-0.1pp	4.5%+4.2pp	0.3%+0.2pp	0.1%-4.1pp	4.2%-0.2pp	4.4%
Return on Assets	0.2%-0.6pp	0.9%+0.2pp	0.6%+0.0pp	0.6%+0.6pp	0.0%+0.0pp	0.0%-0.6pp	0.6%0.0pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.29+0.2	1.14-0.2	1.34-0.3	1.67-0.2	1.82+0.3	1.47-4.5	5.99-0.4	6.35
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Bread Financial Holdings, Inc.'s annual revenue?

Bread Financial Holdings, Inc. (BFH) reported $4K in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Bread Financial Holdings, Inc.'s revenue growing?

Bread Financial Holdings, Inc. (BFH) revenue declined by 100% year-over-year, from $3.8B to $4K in fiscal year 2025.

Is Bread Financial Holdings, Inc. profitable?

Yes, Bread Financial Holdings, Inc. (BFH) reported a net income of $518 in fiscal year 2025, with a net profit margin of 13.5%.

What is Bread Financial Holdings, Inc.'s earnings per share (EPS)?

Bread Financial Holdings, Inc. (BFH) reported diluted earnings per share of $10.89 for fiscal year 2025. This represents a 98.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Bread Financial Holdings, Inc. have?

As of fiscal year 2025, Bread Financial Holdings, Inc. (BFH) had $4K in cash and equivalents against $4K in long-term debt.

What is Bread Financial Holdings, Inc.'s net profit margin?

Bread Financial Holdings, Inc. (BFH) had a net profit margin of 13.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Bread Financial Holdings, Inc. pay dividends?

Yes, Bread Financial Holdings, Inc. (BFH) paid $0.84 per share in dividends during fiscal year 2025.

What is Bread Financial Holdings, Inc.'s return on equity (ROE)?

Bread Financial Holdings, Inc. (BFH) has a return on equity of 15.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Bread Financial Holdings, Inc.'s operating cash flow?

Bread Financial Holdings, Inc. (BFH) generated $2K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Bread Financial Holdings, Inc.'s total assets?

Bread Financial Holdings, Inc. (BFH) had $23K in total assets as of fiscal year 2025, including both current and long-term assets.

Does Bread Financial Holdings, Inc. buy back shares?

Yes, Bread Financial Holdings, Inc. (BFH) spent $313 on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Bread Financial Holdings, Inc. have outstanding?

Bread Financial Holdings, Inc. (BFH) had 43M shares outstanding as of fiscal year 2025.

What is Bread Financial Holdings, Inc.'s debt-to-equity ratio?

Bread Financial Holdings, Inc. (BFH) had a debt-to-equity ratio of 1.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bread Financial Holdings, Inc.'s return on assets (ROA)?

Bread Financial Holdings, Inc. (BFH) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Bread Financial Holdings, Inc.'s Piotroski F-Score?

Bread Financial Holdings, Inc. (BFH) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Bread Financial Holdings, Inc.'s earnings high quality?

Bread Financial Holdings, Inc. (BFH) has an earnings quality ratio of 4.04x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.