SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Oct 22, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SLMBP SEC filings page.
SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) reported $1.8B in revenue over the twelve months to Sep 30, 2026, down 6.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Reported profit improved, but persistent negative operating cash flow and heavy liabilities reveal a balance-sheet-driven financial business.
In FY2025, net income of$745M coexisted with operating cash flow of-$399M , so accounting earnings did not translate into cash from operations. That mismatch persisted across FY2024 and FY2025: operating cash flow was-53.5% of net income in FY2025 while liabilities were91.8% of assets, making funding structure central to interpreting reported profit.
Revenue expanded
Debt-to-equity fell from 3.0x in FY2024 to 2.2x in FY2025, showing balance-sheet improvement. Yet liabilities remained
Financial Health Signals
We do not publish a peer-relative financial health score for SLM Corporation Floating-Rate Non-Cumulative Series B, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
SLM Corporation Floating-Rate Non-Cumulative Series B passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
For every $1 of reported earnings, SLM Corporation Floating-Rate Non-Cumulative Series B used $0.54 of operating cash (-$398.6M OCF vs $744.8M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
SLM Corporation Floating-Rate Non-Cumulative Series B generated $375.5M in revenue in Q3 2026. This represents a decrease of 31.2% from the same quarter a year earlier. Against the prior quarter it is down 6.4%.
SLM Corporation Floating-Rate Non-Cumulative Series B reported a net loss of $32.3M in Q3 2026. This represents a decrease of 123.7% from the same quarter a year earlier. Against the prior quarter it is down 155.1%.
SLM Corporation Floating-Rate Non-Cumulative Series B earned -$0.19 per diluted share (EPS) in Q3 2026. This represents a decrease of 130.2% from the same quarter a year earlier. Against the prior quarter it is down 165.5%.
Not reported for Q3 2026.
Cash & Balance Sheet
SLM Corporation Floating-Rate Non-Cumulative Series B held $2.2B in cash against $5.5B in long-term debt as of Q3 2026.
SLM Corporation Floating-Rate Non-Cumulative Series B paid $0.13 per share in dividends in Q3 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q3 2026.
Margins & Returns
SLM Corporation Floating-Rate Non-Cumulative Series B's net profit margin was -8.6% in Q3 2026, showing the share of revenue converted to profit. This is down 33.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 23.2 percentage points.
SLM Corporation Floating-Rate Non-Cumulative Series B's quarterly ROE was -1.4% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 7.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.8 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
SLM Corporation Floating-Rate Non-Cumulative Series B spent $127.7M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 11.1% from the same quarter a year earlier. Against the prior quarter it is up 3953.9%.
Not reported for Q3 2026.
Not reported for Q3 2026.
SLMBP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $375.5M-31.2% | $401.1M-0.6% | $560.0M-3.6% | $454.1M+16.4% | $545.7M+42.1% | $403.6M-21.5% | $581.0M+3.5% | $390.0M-12.0% |
| Interest Expense | $277.2M-2.6% | $269.2M-3.8% | $273.9M-2.6% | $279.8M-6.5% | $284.6M-2.9% | $279.9M+3.9% | $281.1M+1.7% | $299.2M+5.8% |
| Income Tax | -$26.6M-153.3% | $21.9M+34.1% | $92.4M-6.3% | $82.8M+301.7% | $50.0Mn/m | $16.4M-81.1% | $98.6M+1.1% | $20.6M-63.7% |
| Net Income | -$32.3M-123.7% | $58.5M-17.9% | $308.0M+1.1% | $233.2M+109.0% | $135.8Mn/m | $71.3M-71.7% | $304.5M+5.0% | $111.6M-33.8% |
| EPS (Basic) | -$0.19-129.7% | $0.29-9.4% | $1.56+9.1% | $1.13+117.3% | $0.64n/m | $0.32-71.7% | $1.43+10.9% | $0.52-28.8% |
| EPS (Diluted) | -$0.19-130.2% | $0.29-9.4% | $1.54+10.0% | $1.11+122.0% | $0.63n/m | $0.32-71.2% | $1.40+10.2% | $0.50-30.6% |
| Diluted Shares (Avg) | 186M-11.9% | 190M-10.7% | 198M-8.0% | N/A | 211M-2.0% | 213M-4.2% | 215M-4.0% | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
SLMBP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $29.8B+0.8% | $28.6B-3.5% | $29.4B+1.8% | $29.7B-1.1% | $29.6B-1.4% | $29.6B+2.9% | $28.9B+2.2% | $30.1B+3.1% |
| Cash & Equivalents | $2.2B-38.8% | $4.6B+12.1% | $5.2B+39.6% | $4.2B-9.8% | $3.5B-21.2% | $4.1B-22.2% | $3.7B+3.1% | $4.7B+13.3% |
| Goodwill | $56.0M0.0% | $56.0M0.0% | $56.0M0.0% | $56.0M0.0% | $56.0M0.0% | $56.0M0.0% | $56.0M0.0% | $56.0M0.0% |
| Total Liabilities | $27.6B+1.2% | $26.1B-4.1% | $27.0B+1.8% | $27.3B-2.2% | $27.3B-2.2% | $27.2B+2.8% | $26.5B+1.3% | $27.9B+2.3% |
| Long-Term Debt | $5.5B-19.1% | $5.8B-8.8% | $5.7B-7.8% | $5.4B-16.7% | $6.8B+13.3% | $6.4B+18.7% | $6.1B+23.5% | $6.4B+23.2% |
| Total Equity | $2.3B-3.7% | $2.5B+4.2% | $2.4B+1.5% | $2.5B+13.5% | $2.3B+9.7% | $2.4B+4.0% | $2.4B+13.6% | $2.2B+14.8% |
| Retained Earnings | $5.0B+9.9% | $5.0B+13.9% | $5.0B+14.2% | $4.7B+15.1% | $4.5B+12.3% | $4.4B+7.7% | $4.4B+12.9% | $4.1B+13.5% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities.
SLMBP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$106.4Mn/m | -$134.8Mn/m | -$76.0Mn/m | -$64.5M-1520.2% | -$49.3Mn/m | -$138.7Mn/m | -$146.1Mn/m | $4.5Mn/m |
| Depreciation & Amortization | $5.2M+3.6% | $5.1M+2.6% | $5.3M+7.6% | $5.2M+1.0% | $5.0M-3.6% | $5.0M-10.7% | $5.0M-13.2% | $5.2M-26.8% |
| Stock-Based Compensation | N/A | N/A | $14.8M+11.5% | N/A | N/A | N/A | $13.3M-3.8% | N/A |
| Investing Cash Flow | -$3.5Bn/m | $540.2Mn/m | $1.6B+219.8% | $838.6M+212.1% | -$253.8Mn/m | -$35.0M-102.1% | $496.9M-13.2% | $268.7M-70.9% |
| Financing Cash Flow | $1.3Bn/m | -$991.7M-276.7% | -$550.4Mn/m | -$88.1Mn/m | -$220.6M-118.6% | $561.4M+235.2% | -$1.4Bn/m | -$59.5Mn/m |
| Dividends Paid | $24.0M-10.8% | $24.5M-9.7% | $25.6M-6.8% | $26.2M-4.3% | $26.9M+14.3% | $27.2M+13.0% | $27.5M+13.1% | $27.3M+12.0% |
| Share Buybacks | $127.7M-11.1% | $3.1M-95.6% | $290.7M+878.8% | $123.8M+163.0% | $143.5M+25.5% | $71.7M+17.5% | $29.7M+16.7% | $47.1M-48.2% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
SLMBP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -8.6%-33.5pp | 14.6%-3.1pp | 55.0%+2.6pp | 51.3%+22.7pp | 24.9%+36.7pp | 17.7%-31.4pp | 52.4%+0.7pp | 28.6%-9.4pp |
| Return on Equity | -1.4%-7.2pp | 2.4%-0.6pp | 12.6%-0.1pp | 9.5%+4.4pp | 5.8%+7.9pp | 3.0%-8.0pp | 12.7%-1.0pp | 5.2%-3.8pp |
| Return on Assets | -0.1%-0.6pp | 0.2%0.0pp | 1.1%0.0pp | 0.8%+0.4pp | 0.5%+0.6pp | 0.2%-0.6pp | 1.1%0.0pp | 0.4%-0.2pp |
| Debt-to-Equity | 2.45-0.5x | 2.36-0.3x | 2.33-0.2x | 2.19-0.8x | 2.92+0.1x | 2.70+0.3x | 2.56+0.2x | 2.98+0.2x |
| Liabilities-to-Equity | 12.23+0.6x | 10.55-0.9x | 11.060.0x | 11.13-1.8x | 11.64-1.4x | 11.46-0.1x | 11.04-1.3x | 12.92-1.6x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.010.0x | 0.020.0x | 0.010.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| SLM Corporation Floating-Rate Non-Cumulative Series B SLMBP | FY2025 | $2.0B | $744.8M | 37.5% | N/A | — |
| VISA Inc. V | FY2025 | $40.0B | $20.1B | 50.1% | $795.3B | 77/100 |
| Mastercard Incorporated MA | FY2025 | $32.8B | $14.9B | 45.6% | $573.3B | 75/100 |
| American Express Company AXP | FY2025 | $72.2B | $10.8B | 15.0% | $219.9B | 69/100 |
| Capital One Financial COF | FY2025 | $53.4B | $2.5B | 4.6% | $129.3B | 83/100 |
| PayPal Holdings, Inc. PYPL | FY2025 | $33.2B | $5.2B | 15.8% | $48.8B | 68/100 |
Where SLM Corporation Floating-Rate Non-Cumulative Series B Ranks
Frequently Asked Questions
SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) reported $2.0B in total revenue for fiscal year 2025. This represents a 7.3% 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.
SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) revenue grew by 7.3% year-over-year, from $1.8B to $2.0B in fiscal year 2025.
Yes, SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) reported a net income of $567.4M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $744.8M, with a net profit margin of 37.5%.
As of fiscal year 2025, SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) had $4.2B in cash and equivalents against $5.4B in long-term debt.
SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) had a net profit margin of 37.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Yes, SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) paid $0.52 per share in dividends during fiscal year 2025.
SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) has a return on equity of 30.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) recorded an outflow of $398.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) had $29.7B in total assets as of fiscal year 2025, including both current and long-term assets.
SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) had a debt-to-equity ratio of 2.19 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) had a liabilities-to-equity ratio of 11.13 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
For every $1 of reported earnings, SLM Corporation Floating-Rate Non-Cumulative Series B (SLMBP) used $0.54 of operating cash (-$398.6M OCF vs $744.8M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.