Synchrony FinancialSYF
NYSE•Financial Services•Credit Services
Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. The company provides credit products, such as credit cards, commercial credit products, and consumer installment loans. It also offers private label credit cards, dual and general purpose co-branded cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party firms. In addition, the company provides debt cancellation products to its credit card customers through online and mobile channels; and healthcare payments and financing solutions under the CareCredit and Walgreens brands; payments and financing solutions in the apparel, specialty retail, outdoor, music, and luxury industries, such as American Eagle, Dick's Sporting Goods, Guitar Center, Pandora, Polaris, Suzuki, and Sweetwater. It offers its credit products through programs established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations, and healthcare service providers; and deposit products through various channels, such as digital and print. It serves digital, health and wellness, retail, home, auto, telecommunications, pet, outdoor, and other industries. The company was founded in 1932 and is headquartered in Stamford, Connecticut.
Synchrony Financial (SYF) reported trailing twelve months revenue of $23.16B as of March 2026, a 0.1% increase year-over-year. Quarterly revenue reached $5.74B, reflecting continued top-line momentum.
Synchrony Financial generated $3.60B in TTM net income, with quarterly EBITDA of $1.19B. The operating margin expanded from 17.3% to 18.3%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (18.3%) and net margin (14.0%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 13.3% a year ago, signaling stronger bottom-line efficiency.
SYF trades at a P/E of 6.3x (below the broader market average) and a P/S of 1.0x. The price-to-book ratio of 1.4x reflects a moderate premium to book value.
The company generated $2.18B in free cash flow over the trailing twelve months, a 0.8% decrease year-over-year, indicating cash generation ability. The balance sheet shows $121.50B in total assets with $16.43B in long-term debt against $16.48B in stockholders equity for a debt-to-equity ratio of 1.0. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~18.4%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 20.2% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~20.2% — no sign of cost or pricing stress.
FCF covers net income by 3.0x on average — earnings are well-supported by cash generation.
D/E ratio is 1.0 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 14.2% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation