Synchrony Financial (SYF) Income Statement Analysis

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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)

Industry: Financial - Credit Services

Sector: Financial Services

Website: https://www.synchrony.com

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

US banks see high deposit costs, investment banking boost

July 17, 2024reuters.com

U.S. lenders' second-quarter profits were squeezed by dampening loan demand and the high interest they paid to hold on to deposits, but a flurry of bond sales boosted their investment banking units.

Synchrony (SYF) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

July 17, 2024zacks.com

Although the revenue and EPS for Synchrony (SYF) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Synchrony (SYF) Beats Q2 Earnings Estimates

July 17, 2024zacks.com

Synchrony (SYF) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.32 per share a year ago.

Synchrony Reports Second Quarter 2024 Results

July 17, 2024prnewswire.com

STAMFORD, Conn. , July 17, 2024 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced its second quarter 2024 results for the period ending June 30, 2024.

Can Synchrony (SYF) Navigate Rising Costs in Q2 Earnings?

July 15, 2024zacks.com

Synchrony's (SYF) second-quarter results are likely to reflect rising purchase volumes but lower interest margins.

Unlocking Q2 Potential of Synchrony (SYF): Exploring Wall Street Estimates for Key Metrics

July 12, 2024zacks.com

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Synchrony (SYF), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

Synchrony (SYF) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

July 10, 2024zacks.com

Synchrony (SYF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

7 Stocks That Will Benefit the Most From Coming Rate Cuts

July 10, 2024investorplace.com

After a period of aggressive interest rate hikes aimed at taming inflation, the Federal Reserve is poised to shift gears in the coming months. With inflation moderating and approaching the Fed's 2% target, economists and investors anticipate rate cuts as...