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Complete financial analysis of Synchrony Financial (SYF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Synchrony Financial, a leading company in the Financial – Credit Services industry within the Financial Services sector.
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Synchrony Financial (SYF)
About Synchrony Financial
Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual cards, co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms. In addition, it provides debt cancellation products to its credit card customers through online, mobile, and direct mail; healthcare payments and financing solutions under the CareCredit, Pets Best, and Walgreens brands; payments and financing solutions in the apparel, specialty retail, outdoor, music, and luxury industries; and point-of-sale consumer financing for audiology products and dental services. The company 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, powersports, jewelry, pets, and other industries. Synchrony Financial was founded in 1932 and is headquartered in Stamford, Connecticut.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.66B | 16.01B | 10.19B | 11.16B | 13.31B | 13.28B | 12.37B | 10.97B | 9.75B | 9.23B | 11.07B | 10.05B | 8.71B |
| Cost of Revenue | 0.00 | 1.37B | 905.00M | 1.42B | 1.87B | 1.43B | 1.04B | 901.00M | 754.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 7.66B | 14.64B | 9.29B | 9.74B | 11.45B | 11.86B | 11.32B | 10.07B | 8.99B | 9.23B | 11.07B | 10.05B | 8.71B |
| Gross Profit Ratio | 100.00% | 91.44% | 91.12% | 87.27% | 85.98% | 89.27% | 91.56% | 91.79% | 92.26% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.30 | 0.49 | 0.14 | 0.31 | 0.24 | 0.24 | 0.29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 1.55B | 1.68B | 1.50B | 1.38B | 1.46B | 1.43B | 1.31B | 1.21B | 1.04B | 866.00M | 698.00M | 620.00M | 596.00M |
| Selling & Marketing | 527.00M | 487.00M | 486.00M | 448.00M | 549.00M | 528.00M | 498.00M | 423.00M | 433.00M | 460.00M | 269.00M | 208.00M | 221.00M |
| SG&A | 2.37B | 2.17B | 1.99B | 1.83B | 2.00B | 1.96B | 1.81B | 1.63B | 1.48B | 1.33B | 967.00M | 828.00M | 817.00M |
| Other Expenses | 0.00 | -3.98B | -6.68B | -3.65B | -3.86B | -3.10B | -2.94B | -2.90B | -2.74B | -2.58B | -2.37B | -1.98B | -1.43B |
| Operating Expenses | 3.92B | 1.32B | -4.69B | -1.82B | -1.85B | -1.14B | -1.13B | -1.27B | -1.26B | -1.25B | -1.41B | -1.16B | -611.00M |
| Cost & Expenses | 3.92B | 1.32B | -4.69B | -1.82B | -1.85B | -1.14B | -4.06B | -4.17B | -4.00B | -3.82B | -1.41B | -1.16B | -611.00M |
| Interest Income | 20.71B | 17.15B | 15.27B | 16.07B | 19.09B | 17.99B | 16.41B | 14.78B | 13.23B | 12.24B | 11.31B | 10.31B | 9.14B |
| Interest Expense | 3.71B | 1.52B | 1.03B | 1.67B | 2.29B | 1.87B | 1.39B | 1.25B | 1.14B | 922.00M | 742.00M | 745.00M | 932.00M |
| Depreciation & Amortization | 0.00 | 8.72B | 5.26B | 10.37B | 9.99B | 11.51B | 10.43B | 8.65B | 174.00M | 131.00M | 104.00M | 83.00M | 96.00M |
| EBITDA | 0.00 | 4.89B | 6.36B | 2.84B | 5.98B | 3.95B | 3.58B | 3.79B | 3.71B | 4.44B | 3.99B | 4.20B | 4.04B |
| EBITDA Ratio | 0.00% | 36.61% | 57.82% | 19.53% | 39.47% | 43.78% | 40.18% | 45.91% | 49.66% | 48.09% | 36.02% | 41.84% | 46.38% |
| Operating Income | 3.66B | 5.44B | 5.50B | 1.80B | 4.89B | 5.51B | 4.72B | 4.82B | 4.67B | 4.31B | 3.88B | 4.12B | 3.94B |
| Operating Income Ratio | 47.81% | 34.00% | 53.99% | 16.10% | 36.71% | 41.51% | 38.13% | 43.91% | 47.87% | 46.67% | 35.08% | 41.01% | 45.28% |
| Total Other Income/Expenses | -759.00M | -714.00M | -644.00M | -976.00M | -889.00M | -908.00M | -943.00M | -819.00M | -847.00M | -826.00M | -875.00M | -132.00M | -1.03B |
| Income Before Tax | 2.90B | 3.96B | 5.50B | 1.80B | 4.89B | 3.64B | 3.32B | 3.57B | 3.53B | 3.39B | 3.14B | 3.38B | 3.01B |
| Income Before Tax Ratio | 37.90% | 24.75% | 53.99% | 16.10% | 36.71% | 27.43% | 26.88% | 32.54% | 36.23% | 36.68% | 28.38% | 33.60% | 34.57% |
| Income Tax Expense | 666.00M | 946.00M | 1.28B | 412.00M | 1.14B | 854.00M | 1.39B | 1.32B | 1.32B | 1.28B | 1.16B | 1.26B | 1.12B |
| Net Income | 2.24B | 3.02B | 4.22B | 1.39B | 3.75B | 2.79B | 1.94B | 2.25B | 2.21B | 2.11B | 1.98B | 2.12B | 1.89B |
| Net Income Ratio | 29.21% | 18.84% | 41.41% | 12.41% | 28.15% | 21.00% | 15.65% | 20.52% | 22.71% | 22.85% | 17.88% | 21.09% | 21.71% |
| EPS | 5.21 | 6.19 | 7.40 | 2.28 | 5.59 | 3.76 | 2.43 | 2.71 | 2.66 | 2.78 | 2.38 | 2.55 | 2.28 |
| EPS Diluted | 5.19 | 6.15 | 7.34 | 2.27 | 5.56 | 3.74 | 2.42 | 2.71 | 2.65 | 2.78 | 2.38 | 2.55 | 2.28 |
| Weighted Avg Shares Out | 421.20M | 480.40M | 564.60M | 589.00M | 670.20M | 742.30M | 795.60M | 829.20M | 833.80M | 757.40M | 830.27M | 830.27M | 830.27M |
| Weighted Avg Shares Out (Dil) | 423.50M | 483.40M | 569.30M | 590.80M | 673.50M | 746.90M | 799.70M | 831.50M | 835.50M | 757.60M | 831.17M | 831.17M | 830.67M |
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Source: https://incomestatements.info
Category: Stock Reports