SYF Q3 2025 Earnings
Reported Oct 15, 2025 at 6:00 AM ET · SEC Source
Q3 25 EPS
$2.86
BEAT +29.32%
Est. $2.21
Q3 25 Revenue
$3.82B
BEAT +0.61%
Est. $3.80B
vs S&P Since Q3 25
-3.1%
TRAILING MARKET
SYF +7.2% vs S&P +10.2%
Market Reaction
Did SYF Beat Earnings? Q3 2025 Results
Synchrony Financial posted a standout third quarter, with earnings per share of $2.86 beating the $2.21 consensus estimate by 29.32%, as sharply improved credit quality drove net income 37% higher year-over-year to $1.08 billion. Revenue of $3.82 bil… Read more Synchrony Financial posted a standout third quarter, with earnings per share of $2.86 beating the $2.21 consensus estimate by 29.32%, as sharply improved credit quality drove net income 37% higher year-over-year to $1.08 billion. Revenue of $3.82 billion edged past the $3.80 billion consensus by 0.61%, though it declined 23.4% from a year ago, reflecting the company's ongoing portfolio repositioning. The clearest engine behind the earnings beat was a meaningful improvement in credit performance: net charge-offs fell 90 basis points to 5.16% of average loan receivables, and provision for credit losses dropped $451 million to $1.15 billion, including a $152 million reserve release. Net interest margin expanded 58 basis points to 15.62%, supported by lower funding costs. Strategically, Synchrony's expanded Walmart partnership has propelled its app to the top of credit card rankings, adding another growth dimension. Looking ahead, management narrowed full-year 2025 net revenue guidance to $15.00-$15.10 billion and tightened net charge-off expectations to 5.6%-5.7%, projecting second-half net interest margin of approximately 15.70%.
Key Takeaways
- • Return to purchase volume growth of 2%, driven by stronger spend trends across all five platforms
- • Net charge-offs decreased 90 basis points YoY to 5.16%, reflecting underwriting discipline and credit actions
- • Net interest margin expanded 58 basis points to 15.62%, driven by lower funding costs
- • Provision for credit losses decreased 28% or $451 million, including $152 million reserve release
- • Lower benchmark rates reduced interest-bearing liabilities cost by 58 basis points to 4.20%
- • Dual card and co-brand purchase volume increased 8% to $21.1 billion
- • Average Transaction Frequency sustained growth indicating strong consumer engagement
- • Fourth consecutive quarter of improvement in Average Transaction Value
SYF YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
SYF Revenue by Segment
With YoY comparisons, source: SEC Filings
“Synchrony's third quarter performance was highlighted by a return to purchase volume growth, driven by stronger spend trends across all five of our platforms, and continued strength in our credit performance.”
— Brian Doubles, Q3 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% |