Synchrony Financial
SYF · NYSEFinance Services · Fiscal year ends Dec 31
Net income was $3.6B. Net debt was $209M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Net interest incomeBanks | $14.2B | $15.6B | $17B | $18B | $18.5B |
| Interest expense | $1B | $1.5B | $3.7B | – | – |
| Pre-tax income | $5.5B | $4B | $2.9B | $4.6B | $4.6B |
| Income tax | $1.3B | $946M | $666M | $1.1B | $1.1B |
| Net income | $4.2B | $3B | $2.2B | $3.5B | $3.6B |
| Diluted EPS | 7.34 | 6.15 | 5.19 | 8.55 | 9.28 |
| Diluted shares | 569M | 483M | 424M | 401M | 374M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $8.3B | $10.3B | $14.3B | $14.7B | $15B |
| Net PP&E | – | – | – | – | $1.2B |
| Goodwill | $1.1B | $1.1B | $1B | $1.3B | $1.4B |
| Total assets | $95.7B | $105B | $117B | $119B | $119B |
| Deferred revenue | – | $1.7B | $1.9B | $1.8B | $1.8B |
| Long-term debt | $14.5B | $14.2B | $16B | $15.5B | $15.2B |
| DepositsBanks | $62.3B | $71.7B | $81.2B | $82.1B | $81.1B |
| Total liabilities | $82.1B | $91.7B | $104B | $103B | $102B |
| Shareholders' equity | $13.7B | $12.9B | $13.9B | $16.6B | $16.8B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $7.1B | $6.7B | $8.6B | $9.8B | $9.9B |
| Depreciation & amortisation | $390M | $419M | $458M | $481M | $514M |
| Acquisitions | – | $0 | $0 | $1.9B | $161M |
| Share buybacks | $2.9B | $3.3B | $1.1B | $1B | $2.9B |
| Dividends paid | $500M | $434M | $406M | $398M | $427M |
| Dividend per share | 0.88 | 0.90 | 0.96 | 1.00 | 1.15 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| EPS growth (YoY) | – | −16.2% | −15.6% | 64.7% | 8.5% |
| Return on equityBlank when equity is negative | 30.9% | 23.4% | 16.1% | 21.1% | 21.2% |
| Cash conversion (CFO ÷ net income) | 1.68x | 2.22x | 3.84x | 2.81x | 2.77x |
| Debt ÷ equity | 1.06x | 1.10x | 1.15x | 0.93x | 0.91x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $6.2B | $3.9B | $1.7B | $751M | $209M |
Recent filings
More in Finance Services
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.