Synchrony Q2 FY2026: EPS $2.59 beats estimates, net income down 8%
Synchrony earned $885 million, or $2.59 per diluted share, in its fiscal 2026 second quarter — a 21.5% beat against the $2.13 consensus estimate and above last year's $2.50. Read the beat carefully: revenue rose just 2.3%, costs climbed 7%, and a smaller credit reserve release did much of the work. The case here rests on credit and capital return, not on operating leverage.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $2.59 beat the $2.13 consensus estimate by 21.5% and rose 3.6% from $2.50 a year ago. Net earnings of $885 million were down 8.5% from $967 million, so the per-share gain came from a smaller share count after heavy buybacks rather than from profit growth. Preferred dividends of $21 million left $864 million for common stockholders.
Revenue of $4.75 billion was up 2.3% from $4.64 billion a year ago, helped by net interest income rising $87 million, or 2%, to $4.61 billion on cheaper funding. Interest and fees on loans, the core engine, grew only 1% to $5.4 billion because a 17.0% payment rate kept balances from compounding. Other income of $137 million rose 16%, flattered by a $30 million Visa B-2 share exchange gain.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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