syf: the income statement

MyFinsight

For the quarter ending 2025-09-30, SYF made $8,485M in revenue. $1,077M in net income. Net profit margin of 12.69%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Interest and fees on loans (note 5)	5,510	5,328	5,312	5,522
Interest on cash and debt securities	221	258	238	263
Total interest income	5,731	5,586	5,550	5,785
Interest on deposits	812	855	882	968
Interest on borrowings of consolidated securitization entities-Variable Interest Entity Primary Beneficiary	105	104	104	108
Interest on senior and subordinated unsecured notes	94	106	100	100
Total interest expense	1,011	1,065	1,086	1,176
Net interest income	4,720	4,521	4,464	4,609
Retailer share arrangements	1,024	992	895	914
Provision for credit losses (note 5)	1,146	1,146	1,491	1,597
Net interest income, after retailer share arrangements and provision for credit losses	2,550	2,383	2,078	2,098
Interchange revenue	272	268	238	256
Protection product revenue	149	144	147	145
Loyalty programs	368	360	311	346
Other (note 3)	74	66	75	64
Total other income	127	118	149	119
Employee costs	503	509	506	464
Professional fees	240	236	217	231
Marketing and business development	120	127	116	123
Information processing	226	215	219	203
Other	159	158	185	168
Total other expense	1,248	1,245	1,243	1,189
Earnings before provision for income taxes	1,429	1,256	984	1,028
Provision for income taxes (note 13)	352	289	227	239
Net earnings	1,077	967	757	789

Basic (in usd per share)	2.89	2.51	1.91	1.96
Diluted (in usd per share)	2.86	2.5	1.89	1.94
Weighted average common shares outstanding, basic (in shares)	365,900,000	376,200,000	385,200,000	392,300,000
Weighted average common shares outstanding, dilutive (in shares)	369,900,000	379,100,000	389,400,000	396,500,000