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.

Synchrony Financial Financials

SYF

FY2025 annual

Revenue Not reported for FY2025

Net Income $3.6B +1.5% YoY

EPS (Diluted) $9.28 +8.5% YoY

Free Cash Flow Not reported for FY2025

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

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).

Rhea AI SYF FY2025 2026-04-23

Synchrony’s recent earnings recovery reflects a stronger capital base and share shrinkage more than simple balance-sheet growth.

From FY2023 to FY2025, ROE rose from 16.1% to 21.2%. At the same time, debt-to-equity moved below 1.0x and assets stayed near $119B, so the rebound looks less like leverage-fueled growth and more like better profitability on an already-built lending base.

The jump in EPS outran profit growth because share count dropped by 14.6% after roughly $4.0B of buybacks across FY2024-FY2025. That means each remaining share captured more of the company’s earnings, so per-share performance improved faster than the business expanded.

By FY2025, cash of $15.0B nearly matched long-term debt of $15.2B, which suggests term borrowing was not the main balance-sheet pressure point. More telling, retained earnings grew from $18.7B to $24.6B since FY2023, showing profits were being converted into a thicker equity cushion rather than into asset growth alone.

Financial Health Signals

Financial health score not available

Synchrony Financial does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

6/6

Synchrony Financial passes 6 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 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.

Key Financial Metrics

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Earnings & Revenue

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.

Revenue

Not reported for fiscal year 2025.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

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.

Free Cash Flow

Not reported for fiscal year 2025.

Margins & Returns

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.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Net Margin

Not reported for fiscal year 2025.

Capital Allocation

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.

R&D Spending

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

SYF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SYF annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
SG&A Expenses	N/A	$2.1B+11.8%	$1.9B-0.6%	$1.9B+12.1%	$1.7B+12.0%	$1.5B+8.8%	$1.4B-5.2%	$1.5B+2.0%	$1.4B+9.4%	$1.3B+8.8%	$1.2B+15.0%	$1.0B+20.3%	$866.0M+24.1%	$698.0M+12.6%	$620.0M
Interest Expense	N/A	$4.1B-10.8%	$4.6B+24.9%	$3.7B+144.0%	$1.5B+47.4%	$1.0B-38.0%	$1.7B-27.3%	$2.3B+22.5%	$1.9B+34.4%	$1.4B+11.5%	$1.2B+10.0%	$1.1B+23.1%	$922.0M+24.3%	$742.0M-0.4%	$745.0M
Income Tax	N/A	$1.1B+1.4%	$1.1B+58.3%	$666.0M-29.6%	$946.0M-26.2%	$1.3B+211.2%	$412.0M-63.9%	$1.1B+33.5%	$854.0M-38.5%	$1.4B+5.3%	$1.3B+0.2%	$1.3B+3.1%	$1.3B+9.8%	$1.2B-7.5%	$1.3B
Net Income	N/A	$3.6B+1.5%	$3.5B+56.3%	$2.2B-25.8%	$3.0B-28.5%	$4.2B+204.8%	$1.4B-63.0%	$3.7B+34.3%	$2.8B+44.2%	$1.9B-14.0%	$2.3B+1.7%	$2.2B+5.0%	$2.1B+6.6%	$2.0B-6.6%	$2.1B
EPS (Diluted)	—	$9.28+8.5%	$8.55+64.7%	$5.19-15.6%	$6.15-16.2%	$7.34+223.3%	$2.27-59.2%	$5.56+48.7%	$3.74+54.5%	$2.42-10.7%	$2.71+2.3%	$2.65-4.7%	$2.78-1.1%	$2.81-6.3%	$3.00

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
SG&A Expenses	$516.0M+0.2%	$515.0M	N/A	$503.0M-1.2%	$509.0M+0.6%	$506.0M	N/A	$464.0M
Interest Expense	$975.0M+0.7%	$968.0M	N/A	$1.0B-5.1%	$1.1B-1.9%	$1.1B	N/A	$1.2B
Income Tax	$301.0M+24.4%	$242.0M	N/A	$352.0M+21.8%	$289.0M+27.3%	$227.0M	N/A	$239.0M
Net Income	$885.0M+9.9%	$805.0M	N/A	$1.1B+11.4%	$967.0M+27.7%	$757.0M	N/A	$789.0M
EPS (Diluted)	$2.59+14.1%	$2.27	N/A	$2.86+14.4%	$2.50+32.3%	$1.89	N/A	$1.94

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

SYF Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SYF annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
Total Assets	$119.1B-0.3%	$119.5B+1.7%	$117.5B+12.4%	$104.6B+9.2%	$95.7B-0.2%	$95.9B-8.5%	$104.8B-1.8%	$106.8B+11.5%	$95.8B+6.2%	$90.2B+7.4%	$84.0B+10.9%	$75.7B+28.1%	$59.1B	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-5.1%	$12.1B+29.3%	$9.4B-19.0%	$11.6B+24.5%	$9.3B-24.4%	$12.3B+4.2%	$11.8B+410.0%	$2.3B+73.8%	$1.3B
Goodwill	$1.4B+7.0%	$1.3B+25.1%	$1.0B-7.9%	$1.1B0.0%	$1.1B+2.5%	$1.1B0.0%	$1.1B+5.3%	$1.0B+3.3%	$991.0M+4.4%	$949.0M0.0%	$949.0M0.0%	$949.0M0.0%	$949.0M+1.4%	$936.0M
Total Liabilities	$102.3B-0.5%	$102.9B-0.7%	$103.6B+13.0%	$91.7B+11.7%	$82.1B-1.4%	$83.2B-7.2%	$89.7B-2.6%	$92.1B+12.9%	$81.6B+7.3%	$76.0B+6.5%	$71.4B+9.4%	$65.2B+22.8%	$53.1B	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-20.6%	$19.9B-17.2%	$24.0B+15.4%	$20.8B+3.2%	$20.1B-17.0%	$24.3B	N/A	N/A	N/A
Total Equity	$16.8B+1.1%	$16.6B+19.3%	$13.9B+8.0%	$12.9B-5.7%	$13.7B+7.5%	$12.7B-15.8%	$15.1B+2.8%	$14.7B+3.1%	$14.2B+0.3%	$14.2B+12.6%	$12.6B+20.3%	$10.5B+75.8%	$6.0B+30.1%	$4.6B
Retained Earnings	$24.6B+13.7%	$21.6B+15.9%	$18.7B+11.6%	$16.7B+17.3%	$14.2B+34.1%	$10.6B-12.3%	$12.1B+34.8%	$9.0B+32.0%	$6.8B+27.7%	$5.3B+61.9%	$3.3B+205.2%	$1.1B	$0	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$121.9B+0.4%	$121.5B+2.0%	$119.1B+1.8%	$117.0B-2.9%	$120.5B-1.2%	$122.0B+2.1%	$119.5B+0.2%	$119.2B
Cash & Equivalents	$16.2B-21.2%	$20.6B+37.3%	$15.0B-7.8%	$16.2B-16.5%	$19.5B-10.0%	$21.6B+47.0%	$14.7B-18.0%	$17.9B
Goodwill	$1.4B0.0%	$1.4B0.0%	$1.4B+7.0%	$1.3B0.0%	$1.3B0.0%	$1.3B0.0%	$1.3B0.0%	$1.3B
Total Liabilities	$105.0B0.0%	$105.0B+2.6%	$102.3B+2.4%	$99.9B-3.5%	$103.6B-1.8%	$105.4B+2.5%	$102.9B-0.4%	$103.2B
Long-Term Debt	$16.4B0.0%	$16.4B+8.2%	$15.2B+5.2%	$14.4B-9.9%	$16.0B-5.9%	$17.0B+10.0%	$15.5B-1.1%	$15.6B
Total Equity	$16.9B+2.5%	$16.5B-1.7%	$16.8B-1.8%	$17.1B+0.7%	$17.0B+2.2%	$16.6B0.0%	$16.6B+3.8%	$16.0B
Retained Earnings	$26.0B+3.0%	$25.2B+2.5%	$24.6B+2.6%	$24.0B+4.1%	$23.0B+3.7%	$22.2B+2.7%	$21.6B+3.1%	$21.0B

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities.

SYF Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SYF annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
Operating Cash Flow	$9.7B	$9.9B0.0%	$9.8B+14.6%	$8.6B+28.4%	$6.7B-5.7%	$7.1B-5.2%	$7.5B-16.7%	$9.0B-3.8%	$9.3B+8.9%	$8.6B+31.7%	$6.5B+5.3%	$6.2B+15.8%	$5.3B-6.0%	$5.7B+0.7%	$5.6B
Investing Cash Flow	-$9.9B	-$4.9B+45.5%	-$8.9B+37.5%	-$14.2B-39.1%	-$10.2B-112.6%	-$4.8B-866.7%	-$498.0M-90.8%	-$261.0M+98.6%	-$19.0B-99.5%	-$9.5B+28.6%	-$13.4B-23.7%	-$10.8B-7.3%	-$10.1B-844.5%	-$1.1B+83.5%	-$6.5B
Financing Cash Flow	-$2.8B	-$4.7B-675.0%	-$611.0M-106.3%	$9.6B+82.3%	$5.3B+201.5%	-$5.2B+35.2%	-$8.0B-24.4%	-$6.5B-178.3%	$8.3B+164.9%	$3.1B-18.1%	$3.8B-25.6%	$5.1B-64.1%	$14.2B+492.4%	-$3.6B-477.1%	$962.0M
Dividends Paid	$420.0M	$427.0M+7.3%	$398.0M-2.0%	$406.0M-6.5%	$434.0M-13.2%	$500.0M-3.8%	$520.0M-10.5%	$581.0M+8.8%	$534.0M+19.7%	$446.0M+108.4%	$214.0M	$0	$0	N/A	N/A
Share Buybacks	$3.6B	$2.9B+191.8%	$1.0B-9.4%	$1.1B-66.5%	$3.3B+15.4%	$2.9B+192.0%	$985.0M-72.8%	$3.6B+93.7%	$1.9B+24.8%	$1.5B+214.5%	$476.0M	$0	$0	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$2.4B+10.9%	$2.2B-11.0%	$2.5B-6.9%	$2.6B+3.0%	$2.6B+16.4%	$2.2B-6.5%	$2.4B-14.8%	$2.8B
Investing Cash Flow	-$5.2B-440.4%	$1.5B+132.8%	-$4.6B-194.9%	-$1.6B+29.8%	-$2.2B-162.2%	$3.6B+172.6%	-$5.0B-122.5%	-$2.2B
Financing Cash Flow	-$596.0M-131.7%	$1.9B+104.7%	$918.0M+118.5%	-$5.0B-75.9%	-$2.8B-232.9%	$2.1B+443.4%	-$617.0M+49.9%	-$1.2B
Dividends Paid	$100.0M-3.8%	$104.0M-1.9%	$106.0M-3.6%	$110.0M-3.5%	$114.0M+17.5%	$97.0M0.0%	$97.0M-2.0%	$99.0M
Share Buybacks	$878.0M-2.4%	$900.0M-6.4%	$962.0M+10.6%	$870.0M+72.6%	$504.0M-16.7%	$605.0M+499.0%	$101.0M-66.6%	$302.0M

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

SYF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

SYF annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
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%-13.9pp	24.8%+5.8pp	19.0%+5.4pp	13.6%-2.3pp	15.9%-1.7pp	17.6%-2.6pp	20.1%-13.1pp	33.2%-13.1pp	46.3%
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%-2.1pp	3.6%+1.0pp	2.6%+0.6pp	2.0%-0.5pp	2.5%-0.1pp	2.6%-0.2pp	2.8%-0.6pp	3.4%	N/A
Debt-to-Equity	0.910.0x	0.93-0.2x	1.150.0x	1.100.0x	1.06-0.2x	1.24-0.1x	1.32-0.3x	1.63+0.2x	1.460.0x	1.42-0.5x	1.93-4.3x	6.23-2.7x	8.91	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Return on Equity	5.2%+0.4pp	4.9%	N/A	6.3%+0.6pp	5.7%+1.1pp	4.6%	N/A	4.9%
Return on Assets	0.7%+0.1pp	0.7%	N/A	0.9%+0.1pp	0.8%+0.2pp	0.6%	N/A	0.7%
Debt-to-Equity	0.970.0x	1.00+0.1x	0.91+0.1x	0.85-0.1x	0.94-0.1x	1.03+0.1x	0.930.0x	0.98

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, FCF Margin.

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Where Synchrony Financial Ranks

Frequently Asked Questions

Is Synchrony Financial profitable?

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

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 6 computable signals; 3 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.

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.