Synchrony Financial (SYF) Earnings History
Synchrony Financial - Q1 2026 Earnings
EXECUTIVE SUMMARY
Synchrony Financial reported a strong start to 2026 with record first quarter purchase volume and net earnings growth, driven by continued sequential improvement in average active accounts and higher spend per account across its platforms. The company is focused on executing strategic priorities to deepen customer relationships and extend its reach, while also announcing significant capital return initiatives.
POSITIVE HIGHLIGHTS
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Net earnings increased 6% to $805 million, or $2.27 per diluted share, compared to $757 million, or $1.89 per diluted share in the first quarter 2025.
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Purchase volume increased 6% to $43.0 billion, with sequential acceleration in growth trends.
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Net interest margin increased 76 basis points to 15.50%.
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Net charge-offs as a percentage of total average loan receivables decreased 96 basis points to 5.42% compared to the prior year.
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Book value per share increased 12% to $45.29.
positive
CONCERNS & RISKS
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Average active accounts decreased 1% to 68.8 million.
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Efficiency ratio increased 220 basis points to 35.6%.
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Loans 30+ days past due as a percentage of total period-end loan receivables increased 2 basis points to 4.54%.
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Deposits decreased 1% or $0.5 billion to $82.9 billion.
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Estimated Common Equity Tier 1 ratio was 12.7% compared to 13.2% in the prior year.
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Estimated Tier 1 Capital ratio was 13.9% compared to 14.4% in the prior year.
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FINANCIAL METRICS
MARGIN ANALYSIS
Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
REVENUE BY SEGMENT — Q1 2026 2026
VISUAL OVERVIEW
DETAILED BREAKDOWN
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Diversified & Value | N/A | — | — | — |
Digital | N/A | — | — | — |
Health & Wellness | N/A | — | — | — |
Lifestyle | N/A | — | — | — |
Home & Auto | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
EARNINGS CALL —
MANAGEMENT COMMENTARY
Synchrony’s year is off to a strong start with record first quarter purchase volume, driven by continued sequential improvement in average active account trends and higher spend per account across all five platforms.
The company is focused on driving momentum by executing across key strategic priorities to deepen customer relationships, extend reach, and deliver greater outcomes for partners.
Synchrony’s first quarter financial results were highlighted by continued, sequential acceleration in purchase volume growth and positive inflection in ending loan receivables growth, all while maintaining credit discipline.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
OPERATIONAL METRICS
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.