SYF Q2 2025 Earnings
Reported Jul 22, 2025 at 6:00 AM ET · SEC Source
Q2 25 EPS
$2.50
BEAT +47.40%
Est. $1.70
Q2 25 Revenue
$3.65B
MISS 1.69%
Est. $3.71B
vs S&P Since Q2 25
-5.1%
TRAILING MARKET
SYF +11.5% vs S&P +16.6%
Market Reaction
Did SYF Beat Earnings? Q2 2025 Results
Synchrony Financial delivered a standout second quarter, posting earnings of $2.50 per diluted share and beating the $1.70 consensus estimate by 47.40%, as dramatically improved credit quality drove net earnings 50% higher year-over-year to $967 mill… Read more Synchrony Financial delivered a standout second quarter, posting earnings of $2.50 per diluted share and beating the $1.70 consensus estimate by 47.40%, as dramatically improved credit quality drove net earnings 50% higher year-over-year to $967 million. The headline story was credit performance: net charge-offs fell 72 basis points to 5.70% and provision for credit losses dropped $545 million to $1.15 billion, including a $265 million reserve release, providing the clearest explanation for why profits climbed so sharply even as revenue declined. Revenue came in at $3.65 billion, a 25.4% year-over-year decline and a modest 1.69% below the $3.71 billion consensus, as surging retailer share arrangements of $992 million, a direct byproduct of better credit results flowing through to partners, weighed on the top line. The company also announced a new credit card partnership with OnePay to power a program at Walmart, expected to launch in fall 2025. Looking ahead, Synchrony trimmed its full-year net revenue guidance to $15.00 to $15.30 billion while improving its net charge-off outlook to 5.6% to 5.8%, reflecting confidence in sustained credit discipline.
Key Takeaways
- • Improved credit quality with net charge-offs down 72 bps YoY to 5.70%
- • Higher loan receivables yield from product, pricing, and policy changes (PPPCs)
- • Lower funding costs from declining benchmark rates
- • Reserve release of $265 million versus $70 million build in prior year
- • Net interest margin expanded 32 bps to 14.78%
- • Dual card and co-brand loan receivables grew 6% to $28.3 billion
SYF YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
SYF Revenue by Segment
With YoY comparisons, source: SEC Filings
“Synchrony's second quarter performance highlighted the inherent resilience of our business, as our diversified portfolio of products and spend categories, industry-leading value propositions and extensive distribution enabled us to engage with a broad cross-section of America – ranging from consumers to small and mid-sized businesses and national brands.”
— Brian Doubles, Q2 2025 Earnings Press Release
SYF Earnings Trends
SYF vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SYF EPS Trend
Earnings per share: estimate vs actual
SYF Revenue Trend
Quarterly revenue: estimate vs actual
SYF Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $2.16 | $2.27 | +5.09% | $4.77B | +26.32% |
| Q4 25 BEAT FY | $2.02 | $2.04 | +0.91% | $3.79B | -0.85% |
| FY Full Year | — | $9.28 | — | $14.98B | — |
| Q3 25 BEAT | $2.21 | $2.86 | +29.32% | $3.82B | +0.61% |
| Q2 25 BEAT | $1.70 | $2.50 | +47.40% | $3.65B | -1.69% |