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Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. The company provides credit products, such as credit cards, commercial credit products, and consumer installment loans. It also offers private label credit cards, dual and general purpose co-branded cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party firms. In addition, the company provides debt cancellation products to its credit card customers through online and mobile channels; and healthcare payments and financing solutions under the CareCredit and Walgreens brands; payments and financing solutions in the apparel, specialty retail, outdoor, music, and luxury industries, such as American Eagle, Dick's Sporting Goods, Guitar Center, Pandora, Polaris, Suzuki, and Sweetwater. It offers its credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers; and deposit products through various channels, such as digital and print. It serves digital, health and wellness, retail, home, auto, telecommunications, pet, outdoor, and other industries. The company was founded in 1932 and is headquartered in Stamford, Connecticut.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $15.0B | - | $3.6B | $9.9B | 22.9% | -0.5% | 1.5% |
| 2024 | $15.1B | - | $3.5B | $9.8B | 22.8% | 10.5% | 56.3% |
| 2023 | $13.6B | - | $2.2B | $8.6B | 17.0% | 16.7% | -25.8% |
| 2022 | $11.7B | - | $3.0B | $6.7B | 24.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 11,674 | 13,627 | 15,056 | 14,981 |
| Operating Revenue | - | 11,674 | 13,627 | 15,056 | 14,981 |
| Selling General And Administration | - | 2,168 | 2,411 | 2,396 | 2,604 |
| Interest Income | - | 17,146 | 20,710 | 22,645 | 22,601 |
| Interest Expense | - | 1,521 | 3,711 | 4,634 | 4,135 |
| Net Interest Income | - | 15,625 | 16,999 | 18,011 | 18,466 |
| Pretax Income | - | 3,962 | 2,904 | 4,553 | 4,621 |
| Tax Provision | - | 946 | 666 | 1,054 | 1,069 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 247.47 | 0 |
| Net Income Continuous Operations | - | 3,016 | 2,238 | 3,499 | 3,552 |
| Net Income From Continuing And Discontinued Operation | - | 3,016 | 2,238 | 3,499 | 3,552 |
| Net Income From Continuing Operation Net Minority Interest | - | 3,016 | 2,238 | 3,499 | 3,552 |
| Net Income | - | 3,016 | 2,238 | 3,499 | 3,552 |
| Net Income Common Stockholders | - | 2,974 | 2,196 | 3,427 | 3,469 |
| Net Income Including Noncontrolling Interests | - | 3,016 | 2,238 | 3,499 | 3,552 |
| Normalized Income | - | 3,016 | 2,238 | 2,677.47 | 3,552 |
| Diluted NI Availto Com Stockholders | - | 2,974 | 2,196 | 3,427 | 3,469 |
| Basic Average Shares | - | 480.40 | 421.20 | 396.50 | 369.90 |
| Diluted Average Shares | - | 483.40 | 423.50 | 400.60 | 373.90 |
| Reconciled Depreciation | - | 419 | 458 | 481 | 514 |
| Total Unusual Items | - | 0 | 0 | 1,069 | 0 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | 1,069 | 0 |
| Preferred Stock Dividends | - | 42 | 42 | 72 | 83 |
| Special Income Charges | - | 0 | 0 | 1,069 | 0 |
| Gain On Sale Of Business | - | 0 | 0 | 1,069 | 0 |
| Restructuring And Mergern Acquisition | - | - | 43 | 43 | - |
| General And Administrative Expense | - | 1,681 | 1,884 | 1,872 | 2,093 |
| Salaries And Wages | - | 1,681 | 1,884 | 1,872 | 2,093 |
| Selling And Marketing Expense | - | 487 | 527 | 524 | 511 |
| Professional Expense And Contract Services Expense | - | 832 | 842 | 936 | 936 |
| Other Non Interest Expense | - | 1,337 | 1,505 | 1,507 | 1,595 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Synchrony Financialthis co. | SYF | $23.8B | 6.86↓ discount | 1.42 | 20.7% | - |
| Cincinnati Financial Corporation | CINF | $24.9B | 10.39 | 1.56 | 15.0% | - |
| W. R. Berkley Corporation | WRB | $24.7B | 13.87 | 2.54 | 18.3% | - |
| Willis Towers Watson Public Limited Company | WTW | $24.4B | 15.22 | 3.06 | 20.1% | 10.72 |
| Regions Financial Corporation | RF |
| - |
| - |
| - |
| - |
| - |
| $24.3B |
| 11.25 |
| 1.37 |
| 12.2% |
| - |
| KeyCorp | KEY | $23.5B | 12.85 | 1.31 | 10.2% | - |
| T. Rowe Price Group, Inc. | TROW | $22.9B | 11.25 | 2.11 | 18.8% | 6.48 |
| Principal Financial Group, Inc. | PFG | $22.4B | 18.87 | 1.88 | 10.0% | - |
| Loews Corporation | L | $21.6B | 12.96 | 1.16 | 8.9% | - |
| Peer Median | - | 12.90 | 1.72 | 13.6% | 8.60 | |