Synchrony Q3 FY2026: EPS $2.68 beats, net income falls 17% to $892 million
Synchrony beat the $2.45 consensus at $2.68 a share, yet net income fell 17% to $892 million because a year-earlier reserve release flattered the comparison. Revenue of $4.91 billion grew just 1.4%, so the quarter is really two stories: credit measurably improved while the bottom line shrank. Read the EPS beat and the earnings decline together — neither one alone tells you what changed.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $2.68 beat the $2.45 consensus by $0.23, or 9.5%, which is the cleanest number in the release. The catch is that it fell from $2.86 a year ago, and net income dropped $185 million to $892 million. The gap is mostly provisioning: a $30 million reserve build this quarter versus a $152 million release a year earlier.
Revenue came in at $4.91 billion, up 1.4% from $4.85 billion a year earlier, with net interest income rising 2% to $4.8 billion on higher average loan receivables and cheaper funding. Retailer share arrangements took $1.1 billion of that, up 7%, because the programs performed better. Purchase volume grew 8% to $49.7 billion, but loan receivables grew only 3% to $103.3 billion, so higher payment rates are absorbing the extra spend.
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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 2026-10-23
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