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Consumer finance company issuing private-label and co-branded credit cards for retail and healthcare partners.
Consumer finance company issuing private-label and co-branded credit cards for retail and healthcare partners.
Earns mainly finance charges on balances cardholders carry, plus fees, and shares part of the profit with each retail partner under program agreements, so partners' sales and credit losses both affect results. Funding comes largely from deposits at its online bank. It was part of GE Capital until its 2014 IPO and full separation in 2015.
Moat: narrow (switching costs, scale, distribution). Long-term exclusive retail partner contracts create high switching costs.
Headquarters: Stamford, Connecticut, US · Founded: 2003 · Employees: 20,000
Size Synchrony Financial (SYF) is a United States Financials company (Finance/Rental/Leasing) with a market value of $23.0B, the 451st largest of 3,117 United States companies the cockpit tracks. Shares closed at $73.74 on 6 Nov 2026.
Performance Over six months the shares gained 0.8%, against -0.8% for the median peer and -1.1% for the United States market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 1.8% over the last twelve months (peer median +15.2%); the operating margin is 27.4% (peer median 24.0%).
Valuation It trades at 1.55× book value against a peer median of 1.75× (10th cheapest of 21).
Price implies The share price implies a return on equity of about 16.7%; Synchrony Financial delivers 19.8%, so the price asks less than the business earns today.
Credit Synchrony Financial has 13 bonds outstanding ($8.65B), rated BBB- by the agencies and trading like BBB- at a weighted spread of 128 bp.
Short interest Short interest is 5.3% of the free float (15 Oct 2026).
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $18.9B | $19.1B | $20.8B | $17.3B | $13.2B |
| Revenue growth | — | -8% | +20% | +31% | — |
| Gross profit | $15.4B | $15.4B | $16.6B | $14.1B | $11.8B |
| EBITDA | $10.8B | $11.0B | $12.4B | $9.92B | $8.21B |
| Net income | $3.33B | $3.55B | $3.50B | $2.24B | $3.02B |
| Free cash flow | $9.55B | $9.85B | $9.85B | $8.59B | $6.69B |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $17.0B | $15.2B | $15.5B | $16.0B | $14.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Synchrony Financial SYF | $23.0B | +1% | -2% | 20% | 1.55× | 16.7% |
| Bread Financial BFH | $3.87B | +17% | +2% | 16% | 1.13× | 12.2% |
| American Express AXP | $215B | +2% | +10% | 36% | 6.02× | 47.1% |
| Citigroup C | $200B | -5% | +5% | 9% | 1.03× | 10.9% |
| Affirm AFRM | $23.1B | +6% | +32% | 45% | 4.19× | 73.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SYF | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | +2.5% | 8th lowest of 21 |
| 6-month return | +0.8% | -0.8% | 11th highest of 21 |
| Return on equity | 19.8% | 14.0% | 6th highest of 21 |
| Price / book | 1.55× | 1.75× | 10th cheapest of 21 |
| Trailing P/E | 7.7× | 13.0× | 4th cheapest of 21 |
| ROE the price implies | 16.7% | 17.5% | 11th least demanding of 21 |
| ROE delivered | 19.8% | 13.9% | 5th highest of 20 |
| Bond spread | 128 bp | 108 bp | 4th widest of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Synchrony Financial SYF | United States | $23.0B | +1% | -2% | 20% | 1.55× | 16.7% | 19.8% |
| Affirm AFRM | United States | $23.1B | +6% | +32% | 45% | 4.19× | 73.6% | 45.1% |
| Shriram Finance SHRIRAMFIN.NS | India | $23.9B | -5% | +10% | 15% | 2.03× | 27.6% | 14.7% |
| SOFI SOFI | United States | $21.0B | +3% | +38% | 7% | 1.86× | 27.5% | 7.4% |
| Global Payments GPN | United States | $25.8B | +41% | +7% | 2% | 1.12× | 9.8% | 2.2% |
| AerCap AER | United States | $26.2B | +13% | 0% | 17% | 1.38× | 12.4% | 17.0% |
| Kaspi.kz Joint Stock Company Sponsored ADR RegS KSPI | United States | $17.7B | +7% | +39% | 45% | 3.15× | 13.6% | 45.4% |
| Cholamandalam Investment and Finance CHOLAFIN.NS | India | $16.2B | +6% | +21% | 21% | 4.43× | 67.7% | 20.6% |
| Tata Capital TATACAP.NS | India | $16.0B | +10% | +18% | 14% | 3.08× | 41.2% | 14.0% |
| Orix 8591.T | Japan | $35.7B | +2% | +17% | 14% | 1.26× | 12.4% | 13.9% |
| Rocket Companies RKT | United States | $42.7B | -4% | +88% | 8% | 1.76× | 26.3% | 7.9% |
| One 97 Communications PAYTM.NS | India | $12.2B | +50% | +24% | 5% | 6.92× | 47.0% | 5.4% |
| Muthoot Finance MUTHOOTFIN.NS | India | $12.2B | -20% | +47% | 32% | 2.62× | 32.0% | 31.8% |
| Mitsubishi HC Capital 8593.T | Japan | $11.9B | -9% | +1% | 7% | 0.93× | 5.9% | 7.2% |
| Power Finance PFC.NS | India | $11.5B | -28% | +4% | 21% | 0.76× | 14.4% | n/a |
| Ally Financial ALLY | United States | $11.5B | -14% | +5% | 10% | 0.88× | 9.8% | 9.9% |
| Indian Railway Finance IRFC.NS | India | $11.1B | -25% | +13% | 13% | 1.74× | 28.2% | 12.6% |
| Ayvens AYV.PA | France | $8.45B | -16% | 0% | 9% | 0.68× | 8.0% | 9.2% |
| REC RECLTD.NS | India | $8.27B | -18% | -3% | 17% | 0.83× | 15.1% | 17.0% |
| FirstCash FCFS | United States | $7.96B | -18% | +23% | 18% | 3.50× | 19.9% | 18.2% |
| Tokyo Century 8439.T | Japan | $7.50B | +12% | +8% | 12% | 1.01× | 7.7% | 11.6% |
Synchrony Financial has 13 bonds outstanding with $8.65B face value. The agencies rate it BBB-; its bonds trade like BBB-. Weighted yield 5.78%, a spread of 128 bp over government bonds.