Slm Corp Financials

SLM

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Slm Corp (SLM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 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 Neutral

5/9

Slm Corp passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

-0.54x

For every $1 of reported earnings, Slm Corp generates $-0.54 in operating cash flow (-$398.6M OCF vs $744.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$2.6B

YoY+0.3%

5Y CAGR+5.4%

10Y CAGR+12.2%

Slm Corp generated $2.6B in revenue in fiscal year 2025. This represents an increase of 0.3% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$744.8M

YoY+22.4%

5Y CAGR-3.3%

10Y CAGR+10.5%

Slm Corp reported $744.8M in net income in fiscal year 2025. This represents an increase of 22.4% from the prior year.

EPS (Diluted)

$3.46

YoY+29.1%

5Y CAGR+9.0%

10Y CAGR+19.3%

Slm Corp earned $3.46 per diluted share (EPS) in fiscal year 2025. This represents an increase of 29.1% from the prior year.

Cash & Debt

$4.2B

YoY-9.8%

5Y CAGR-1.0%

10Y CAGR+5.8%

Slm Corp held $4.2B in cash against $5.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.52

YoY+13.0%

5Y CAGR+34.1%

Slm Corp paid $0.52 per share in dividends in fiscal year 2025. This represents an increase of 13.0% from the prior year.

Shares Outstanding

198M

YoY-5.8%

5Y CAGR-11.4%

10Y CAGR-7.4%

Slm Corp had 198M shares outstanding in fiscal year 2025. This represents a decrease of 5.8% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

28.3%

YoY+5.1pp

5Y CAGR-15.2pp

10Y CAGR-4.7pp

Slm Corp's net profit margin was 28.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.1 percentage points from the prior year.

Return on Equity

30.4%

YoY+2.2pp

5Y CAGR-4.0pp

10Y CAGR+17.3pp

Slm Corp's ROE was 30.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.2 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$368.7M

YoY+48.7%

5Y CAGR-8.0%

Slm Corp spent $368.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 48.7% from the prior year.

Capital Expenditures

N/A

SLM Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.6B+0.3%	$2.6B+1.0%	$2.6B+27.6%	$2.0B+14.3%	$1.8B-12.1%	$2.0B
Cost of Revenue	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
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	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.1B-1.1%	$1.1B+10.5%	$1.0B+89.8%	$542.8M+42.1%	$382.1M-29.5%	$541.7M
Income Tax	$247.7M+30.2%	$190.3M-3.3%	$196.9M+21.8%	$161.7M-57.4%	$379.8M+38.9%	$273.3M
Net Income	$744.8M+22.4%	$608.3M+4.6%	$581.4M+24.0%	$469.0M-59.6%	$1.2B+31.8%	$880.7M
EPS (Diluted)	$3.46+29.1%	$2.68+11.2%	$2.41+36.9%	$1.76-51.2%	$3.61+60.4%	$2.25

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'24	Q2'24
Revenue	$656.8M-0.1%	$657.6M+0.1%	$656.8M+0.1%	$656.1M-0.8%	$661.4M-1.1%	$668.5M+2.5%	$652.3M+2.9%	$633.9M
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	$279.8M-1.7%	$284.6M+1.7%	$279.9M-0.4%	$281.1M-6.0%	$299.2M-22.5%	$385.9M+44.2%	$267.6M+8.2%	$247.3M
Income Tax	$82.8M+65.7%	$50.0M+205.4%	$16.4M-83.4%	$98.6M+378.2%	$20.6M-63.7%	$56.8M+405.6%	$11.2M-87.7%	$91.5M
Net Income	$233.2M+71.6%	$135.8M+90.6%	$71.3M-76.6%	$304.5M+173.0%	$111.6M-33.8%	$168.4M+473.6%	$29.4M-88.9%	$265.1M
EPS (Diluted)	$1.11+76.2%	$0.63+96.9%	$0.32-77.1%	$1.40+164.2%	$0.53-26.4%	$0.72+554.5%	$0.11-90.0%	$1.10

SLM Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$29.7B-1.1%	$30.1B+3.1%	$29.2B+1.2%	$28.8B-1.4%	$29.2B-5.0%	$30.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$4.2B-9.8%	$4.7B+13.3%	$4.1B-10.1%	$4.6B+6.5%	$4.3B-2.7%	$4.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$56.0M0.0%	$56.0M0.0%	$56.0M+9.8%	$51.0M	N/A	N/A
Total Liabilities	$27.3B-2.2%	$27.9B+2.3%	$27.3B+0.8%	$27.1B0.0%	$27.1B-4.0%	$28.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$5.4B-16.7%	$6.4B+23.2%	$5.2B-0.1%	$5.2B-11.7%	$5.9B+14.3%	$5.2B
Total Equity	$2.5B+13.5%	$2.2B+14.8%	$1.9B+8.9%	$1.7B-19.7%	$2.1B-16.1%	$2.6B
Retained Earnings	$4.7B+15.1%	$4.1B+13.5%	$3.6B+14.6%	$3.2B+12.3%	$2.8B+63.6%	$1.7B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'24	Q2'24
Total Assets	$29.7B+0.5%	$29.6B0.0%	$29.6B+2.4%	$28.9B-3.9%	$30.1B+3.1%	$29.2B-0.4%	$29.3B+5.6%	$27.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$4.2B+19.8%	$3.5B-13.5%	$4.1B+10.8%	$3.7B-21.4%	$4.7B+13.3%	$4.1B+17.0%	$3.5B-8.5%	$3.9B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$56.0M0.0%	$56.0M0.0%	$56.0M0.0%	$56.0M0.0%	$56.0M0.0%	$56.0M0.0%	$56.0M+9.8%	$51.0M
Total Liabilities	$27.3B+0.1%	$27.3B+0.1%	$27.2B+2.8%	$26.5B-5.1%	$27.9B+2.3%	$27.3B-0.7%	$27.5B+6.1%	$25.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$5.4B-21.6%	$6.8B+6.7%	$6.4B+4.3%	$6.1B-4.5%	$6.4B+23.2%	$5.2B-5.2%	$5.5B+5.8%	$5.2B
Total Equity	$2.5B+4.7%	$2.3B-1.4%	$2.4B-1.1%	$2.4B+11.2%	$2.2B+14.8%	$1.9B+4.5%	$1.8B-0.4%	$1.8B
Retained Earnings	$4.7B+4.5%	$4.5B+2.4%	$4.4B+0.9%	$4.4B+6.6%	$4.1B+13.5%	$3.6B+4.0%	$3.5B0.0%	$3.5B

SLM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$398.6M-21.0%	-$329.4M-127.7%	-$144.6M-2997.4%	$5.0M+110.1%	-$49.5M+72.9%	-$182.7M
Capital Expenditures	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
Investing Cash Flow	$1.0B+54.8%	$676.0M+5525.3%	-$12.5M-101.2%	$1.1B-58.6%	$2.6B+174.9%	$947.3M
Financing Cash Flow	-$1.1B-583.8%	$228.2M+172.1%	-$316.2M+63.0%	-$854.9M+67.4%	-$2.6B-39.7%	-$1.9B
Dividends Paid	$107.7M+8.6%	$99.2M-2.0%	$101.2M-10.4%	$113.0M+86.8%	$60.5M+30.4%	$46.4M
Share Buybacks	$368.7M+48.7%	$248.0M-29.2%	$350.3M-50.9%	$713.2M-53.4%	$1.5B+174.2%	$558.2M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'24	Q2'24
Operating Cash Flow	-$64.5M-30.7%	-$49.3M+64.4%	-$138.7M+5.0%	-$146.1M-3317.7%	$4.5M+116.7%	-$27.1M+54.3%	-$59.4M+11.5%	-$67.0M
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	$838.6M+430.4%	-$253.8M-625.3%	-$35.0M-107.0%	$496.9M+85.0%	$268.7M-70.9%	$922.8M+154.4%	-$1.7B-176.0%	$2.2B
Financing Cash Flow	-$88.1M+60.1%	-$220.6M-139.3%	$561.4M+141.4%	-$1.4B-2181.0%	-$59.5M+81.4%	-$319.4M-122.0%	$1.5B+171.3%	-$2.0B
Dividends Paid	$26.2M-73.8%	$100.0M+6.4%	$94.0M+242.2%	$27.5M+0.5%	$27.3M+12.0%	$24.4M-75.6%	$100.0M-66.7%	$300.0M
Share Buybacks	$123.8M-13.7%	$143.5M+100.2%	$71.7M+141.5%	$29.7M-36.9%	$47.1M-48.2%	$90.9M	$0-100.0%	$255.3M

SLM Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	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
Net Margin	28.3%+5.1pp	23.2%+0.8pp	22.4%-0.7pp	23.1%-42.2pp	65.3%+21.8pp	43.6%
Return on Equity	30.4%+2.2pp	28.2%-2.7pp	30.9%+3.7pp	27.2%-26.8pp	54.0%+19.6pp	34.4%
Return on Assets	2.5%+0.5pp	2.0%+0.0pp	2.0%+0.4pp	1.6%-2.3pp	4.0%+1.1pp	2.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.19-0.8	2.98+0.2	2.78-0.3	3.03+0.3	2.76+0.7	2.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q4'23	Q3'24	Q2'24
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	35.5%+14.8pp	20.7%+9.8pp	10.8%-35.6pp	46.4%+29.5pp	16.9%-8.3pp	25.2%+20.7pp	4.5%-37.3pp	41.8%
Return on Equity	9.5%+3.7pp	5.8%+2.8pp	3.0%-9.7pp	12.7%+7.5pp	5.2%-3.8pp	9.0%+7.3pp	1.6%-13.0pp	14.7%
Return on Assets	0.8%+0.3pp	0.5%+0.2pp	0.2%-0.8pp	1.1%+0.7pp	0.4%-0.2pp	0.6%+0.5pp	0.1%-0.9pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.19-0.7	2.92+0.2	2.70+0.1	2.56-0.4	2.98+0.2	2.78-0.3	3.07+0.2	2.89
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 Slm Corp's annual revenue?

Slm Corp (SLM) reported $2.6B in total revenue for fiscal year 2025. This represents a 0.3% 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 Slm Corp's revenue growing?

Slm Corp (SLM) revenue grew by 0.3% year-over-year, from $2.6B to $2.6B in fiscal year 2025.

Is Slm Corp profitable?

Yes, Slm Corp (SLM) reported a net income of $744.8M in fiscal year 2025, with a net profit margin of 28.3%.

What is Slm Corp's earnings per share (EPS)?

Slm Corp (SLM) reported diluted earnings per share of $3.46 for fiscal year 2025. This represents a 29.1% 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 Slm Corp have?

As of fiscal year 2025, Slm Corp (SLM) had $4.2B in cash and equivalents against $5.4B in long-term debt.

What is Slm Corp's net profit margin?

Slm Corp (SLM) had a net profit margin of 28.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Slm Corp pay dividends?

Yes, Slm Corp (SLM) paid $0.52 per share in dividends during fiscal year 2025.

What is Slm Corp's return on equity (ROE)?

Slm Corp (SLM) has a return on equity of 30.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Slm Corp's operating cash flow?

Slm Corp (SLM) generated -$398.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Slm Corp's total assets?

Slm Corp (SLM) had $29.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Slm Corp buy back shares?

Yes, Slm Corp (SLM) spent $368.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Slm Corp have outstanding?

Slm Corp (SLM) had 198M shares outstanding as of fiscal year 2025.

What is Slm Corp's debt-to-equity ratio?

Slm Corp (SLM) had a debt-to-equity ratio of 2.19 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Slm Corp's return on assets (ROA)?

Slm Corp (SLM) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Slm Corp's cash runway?

Based on fiscal year 2025 data, Slm Corp (SLM) had $4.2B in cash against an annual operating cash burn of $398.6M. This gives an estimated cash runway of approximately 128 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Slm Corp's Piotroski F-Score?

Slm Corp (SLM) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 Slm Corp's earnings high quality?

Slm Corp (SLM) has an earnings quality ratio of -0.54x, considered low quality (accrual-driven). 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.