Synchrony Financial Financials

SYF

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

Financial Health Signals

Piotroski F-Score Neutral

6/9

Synchrony Financial passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

2.77x

For every $1 of reported earnings, Synchrony Financial generates $2.77 in operating cash flow ($9.9B OCF vs $3.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Synchrony Financial (SYF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).

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Key Financial Metrics

Revenue

N/A

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$3.6B

YoY+1.5%

5Y CAGR+20.7%

10Y CAGR+4.8%

Synchrony Financial reported $3.6B in net income in fiscal year 2025. This represents an increase of 1.5% from the prior year.

EPS (Diluted)

$9.28

YoY+8.5%

5Y CAGR+32.5%

10Y CAGR+13.4%

Synchrony Financial earned $9.28 per diluted share (EPS) in fiscal year 2025. This represents an increase of 8.5% from the prior year.

Cash & Debt

$15.0B

YoY+1.8%

5Y CAGR+5.4%

10Y CAGR+2.0%

Synchrony Financial held $15.0B in cash against $15.2B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.15

YoY+15.0%

5Y CAGR+5.5%

Synchrony Financial paid $1.15 per share in dividends in fiscal year 2025. This represents an increase of 15.0% from the prior year.

Shares Outstanding

348M

YoY-10.6%

5Y CAGR-9.9%

10Y CAGR-8.4%

Synchrony Financial had 348M shares outstanding in fiscal year 2025. This represents a decrease of 10.6% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

21.2%

YoY+0.1pp

5Y CAGR+10.3pp

10Y CAGR+3.6pp

Synchrony Financial's ROE was 21.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$2.9B

YoY+191.8%

5Y CAGR+24.5%

Synchrony Financial spent $2.9B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 191.8% from the prior year.

Capital Expenditures

N/A

SYF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
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	$4.1B-10.8%	$4.6B+24.9%	$3.7B+144.0%	$1.5B+47.4%	$1.0B-38.0%	$1.7B
Income Tax	$1.1B+1.4%	$1.1B+58.3%	$666.0M-29.6%	$946.0M-26.2%	$1.3B+211.2%	$412.0M
Net Income	$3.6B+1.5%	$3.5B+56.3%	$2.2B-25.8%	$3.0B-28.5%	$4.2B+204.8%	$1.4B
EPS (Diluted)	$9.28+8.5%	$8.55+64.7%	$5.19-15.6%	$6.15-16.2%	$7.34+223.3%	$2.27

Metric	Q4'25	Q3'25	Q4'24	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	N/A	$1.0B	N/A	$1.2B	N/A	$992.0M	N/A	$414.0M
Income Tax	N/A	$352.0M	N/A	$239.0M	N/A	$205.0M	N/A	$219.0M
Net Income	N/A	$1.1B	N/A	$789.0M	N/A	$628.0M	N/A	$703.0M
EPS (Diluted)	N/A	$2.86	N/A	$1.94	N/A	$1.48	N/A	$1.47

SYF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$119.1B-0.3%	$119.5B+1.7%	$117.5B+12.4%	$104.6B+9.2%	$95.7B-0.2%	$95.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$15.0B+1.8%	$14.7B+3.2%	$14.3B+38.5%	$10.3B+23.5%	$8.3B-27.7%	$11.5B
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	$1.4B+7.0%	$1.3B+25.1%	$1.0B-7.9%	$1.1B0.0%	$1.1B+2.5%	$1.1B
Total Liabilities	$102.3B-0.5%	$102.9B-0.7%	$103.6B+13.0%	$91.7B+11.7%	$82.1B-1.4%	$83.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$15.2B-1.8%	$15.5B-3.3%	$16.0B+12.6%	$14.2B-2.2%	$14.5B-8.0%	$15.8B
Total Equity	$16.8B+1.1%	$16.6B+19.3%	$13.9B+8.0%	$12.9B-5.7%	$13.7B+7.5%	$12.7B
Retained Earnings	$24.6B+13.7%	$21.6B+15.9%	$18.7B+11.6%	$16.7B+17.3%	$14.2B+34.1%	$10.6B

Metric	Q4'25	Q3'25	Q4'24	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22
Total Assets	$119.1B+1.8%	$117.0B-2.1%	$119.5B+0.2%	$119.2B+1.5%	$117.5B+4.0%	$112.9B+8.0%	$104.6B+3.8%	$100.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$15.0B-7.8%	$16.2B+10.4%	$14.7B-18.0%	$17.9B+25.8%	$14.3B-8.8%	$15.6B+52.0%	$10.3B-13.9%	$12.0B
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	$1.4B+7.0%	$1.3B0.0%	$1.3B0.0%	$1.3B+25.1%	$1.0B-7.9%	$1.1B0.0%	$1.1B0.0%	$1.1B
Total Liabilities	$102.3B+2.4%	$99.9B-2.9%	$102.9B-0.4%	$103.2B-0.3%	$103.6B+4.4%	$99.2B+8.2%	$91.7B+4.5%	$87.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$15.2B+5.2%	$14.4B-6.7%	$15.5B-1.1%	$15.6B-2.2%	$16.0B+4.9%	$15.2B+7.3%	$14.2B-0.9%	$14.3B
Total Equity	$16.8B-1.8%	$17.1B+2.9%	$16.6B+3.8%	$16.0B+14.9%	$13.9B+1.0%	$13.8B+6.9%	$12.9B-1.1%	$13.0B
Retained Earnings	$24.6B+2.6%	$24.0B+10.8%	$21.6B+3.1%	$21.0B+12.4%	$18.7B+1.8%	$18.3B+9.7%	$16.7B+2.9%	$16.3B

SYF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$9.9B0.0%	$9.8B+14.6%	$8.6B+28.4%	$6.7B-5.7%	$7.1B-5.2%	$7.5B
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	-$4.9B+45.5%	-$8.9B+37.5%	-$14.2B-39.1%	-$10.2B-112.6%	-$4.8B-866.7%	-$498.0M
Financing Cash Flow	-$4.7B-675.0%	-$611.0M-106.3%	$9.6B+82.3%	$5.3B+201.5%	-$5.2B+35.2%	-$8.0B
Dividends Paid	$427.0M+7.3%	$398.0M-2.0%	$406.0M-6.5%	$434.0M-13.2%	$500.0M-3.8%	$520.0M
Share Buybacks	$2.9B+191.8%	$1.0B-9.4%	$1.1B-66.5%	$3.3B+15.4%	$2.9B+192.0%	$985.0M

Metric	Q4'25	Q3'25	Q4'24	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22
Operating Cash Flow	$2.5B-6.9%	$2.6B+12.1%	$2.4B-14.8%	$2.8B+19.2%	$2.3B-6.6%	$2.5B+34.4%	$1.8B+13.0%	$1.6B
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	-$4.6B-194.9%	-$1.6B+68.3%	-$5.0B-122.5%	-$2.2B+68.9%	-$7.2B-179.2%	-$2.6B+62.6%	-$6.9B-65.6%	-$4.1B
Financing Cash Flow	$918.0M+118.5%	-$5.0B-703.1%	-$617.0M+49.9%	-$1.2B-135.4%	$3.5B+14.6%	$3.0B+27.4%	$2.4B-50.2%	$4.8B
Dividends Paid	$106.0M-3.6%	$110.0M+13.4%	$97.0M-2.0%	$99.0M-3.9%	$103.0M-1.0%	$104.0M+1.0%	$103.0M-5.5%	$109.0M
Share Buybacks	$962.0M+10.6%	$870.0M+761.4%	$101.0M-66.6%	$302.0M+19.4%	$253.0M+66.4%	$152.0M-78.3%	$701.0M-26.2%	$950.0M

SYF 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	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	21.2%+0.1pp	21.1%+5.0pp	16.1%-7.3pp	23.4%-7.5pp	30.9%+20.0pp	10.9%
Return on Assets	3.0%+0.1pp	2.9%+1.0pp	1.9%-1.0pp	2.9%-1.5pp	4.4%+3.0pp	1.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.91-0.0	0.93-0.2	1.15+0.0	1.10+0.0	1.06-0.2	1.24
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q4'24	Q3'24	Q4'23	Q3'23	Q4'22	Q3'22
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	6.3%	N/A	4.9%	N/A	4.6%	N/A	5.4%
Return on Assets	N/A	0.9%	N/A	0.7%	N/A	0.6%	N/A	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.91+0.1	0.85-0.1	0.93-0.0	0.98-0.2	1.15+0.0	1.110.0	1.100.0	1.10
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

Is Synchrony Financial profitable?

Yes, Synchrony Financial (SYF) reported a net income of $3.6B in fiscal year 2025.

What is Synchrony Financial's earnings per share (EPS)?

Synchrony Financial (SYF) reported diluted earnings per share of $9.28 for fiscal year 2025. This represents a 8.5% 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 Synchrony Financial have?

As of fiscal year 2025, Synchrony Financial (SYF) had $15.0B in cash and equivalents against $15.2B in long-term debt.

Does Synchrony Financial pay dividends?

Yes, Synchrony Financial (SYF) paid $1.15 per share in dividends during fiscal year 2025.

What is Synchrony Financial's return on equity (ROE)?

Synchrony Financial (SYF) has a return on equity of 21.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Synchrony Financial's operating cash flow?

Synchrony Financial (SYF) generated $9.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Synchrony Financial's total assets?

Synchrony Financial (SYF) had $119.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Synchrony Financial buy back shares?

Yes, Synchrony Financial (SYF) spent $2.9B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Synchrony Financial have outstanding?

Synchrony Financial (SYF) had 348M shares outstanding as of fiscal year 2025.

What is Synchrony Financial's debt-to-equity ratio?

Synchrony Financial (SYF) had a debt-to-equity ratio of 0.91 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Synchrony Financial's return on assets (ROA)?

Synchrony Financial (SYF) had a return on assets of 3.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Synchrony Financial's Piotroski F-Score?

Synchrony Financial (SYF) has a Piotroski F-Score of 6 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 Synchrony Financial's earnings high quality?

Synchrony Financial (SYF) has an earnings quality ratio of 2.77x, 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.