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% | -7.1% | 1.5% |
| 2024 | $16.1B | - | $3.5B | $9.8B | 22.8% | 18.3% | 56.3% |
| 2023 | $13.6B | - | $2.2B | $8.6B | 17.0% | 16.7% | -25.8% |
| 2022 | $11.7B | - | $3.0B | $6.7B | 24.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 11,674 | 13,627 | 16,125 | 14,981 |
| Pretax Income | 3,962 | 2,904 | 4,553 | 4,621 |
| Tax Provision | 946 | 666 | 1,054 | 1,069 |
| Net Income | 3,016 | 2,238 | 3,499 | 3,552 |
| Net Income Common Stockholders | 2,974 | 2,196 | 3,427 | 3,469 |
| Interest Expense | 1,521 | 3,711 | 4,634 | 4,135 |
| Interest Income | 17,146 | 20,710 | 22,645 | 22,601 |
| Selling General And Administration | 2,168 | 2,411 | 2,396 | 2,604 |
| Normalized Income | 3,016 | 2,238 | 3,499 | 3,552 |
| Market Cap | 25,709.39 | 25,709.39 | 25,709.39 | 25,709.39 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Synchrony Financialthis co. | SYF | $28.9B | 7.24β discount | 1.65 | 22.9% | - |
| Raymond James Financial, Inc. | RJF | $31.1B | 13.98 | 2.40 | 17.2% | - |
| Citizens Financial Group, Inc. | CFG | $29.9B | 14.84 | 1.12 | 7.6% | - |
| Willis Towers Watson Public Limited Company | WTW | $28.4B | 16.95 | 3.41 | 20.1% | 11.77 |
| W. R. Berkley Corporation | WRB |
| $26.4B |
| 14.58 |
| 2.67 |
| 18.3% |
| - |
| Regions Financial Corporation | RF | $25.9B | 11.00 | 1.34 | 12.2% | - |
| KeyCorp | KEY | $25.8B | 12.86 | 1.32 | 10.2% | - |
| Cincinnati Financial Corporation | CINF | $25.7B | 10.70 | 1.61 | 15.0% | - |
| Huntington Bancshares Incorporated | HBAN | $25.7B | 15.04 | 1.54 | 10.2% | - |
| Peer Median | - | 14.28 | 1.57 | 13.6% | 11.77 | |