Synchrony Financial reported results for the quarter ended June 30, 2026, with revenue largely flat year-over-year and earnings per share rising modestly despite lower net income versus the year-ago quarter.
Financial Highlights
- Revenue: $5.583B total interest income for Q2 2026 vs $5.586B in year-ago quarter (0.1%).
- Net income: $885M net earnings for Q2 2026 vs $967M in the year-ago quarter (8.5%).
- Diluted EPS: $2.59 diluted EPS for Q2 2026 vs $2.50 in Q2 2025 (3.6%).
Business Highlights
- Net interest income rose year-over-year, driven by higher interest and fees on loans and modest loan growth despite lower liquidity yields.
- Purchase volume accelerated, growing about 8% sequentially with gains led by digital and diversified retail channels.
- Added or renewed more than 30 partners, including expansion of Lowe’s commercial portfolio and new Lifestyle partners such as Indian Motorcycle and Suzuki.
- Increased technology investments and higher operational losses raised information-processing and other expenses to support growth initiatives.
- Asset quality improved with lower net charge-off rates and elevated payment rates, easing reserve pressure.
Original SEC Filing:
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