EarningsQ2 2026 Earnings Report
MX:SYF Q2 2026 EPS Results
Actual EPS$47.38
Consensus EPS$39.10
Beat/MissBeat by +$8.29
One Year Ago EPS$45.74
MX:SYF Q2 2026 Revenue Results
Actual Revenue$85.86B
Expected Revenue$68.14B
Beat/MissBeat by +$17.71B
YoY Revenue Growth-0.40%
Earnings Announcement Details
QuarterQ2 2026
Date07/21/2026
TimeBefore Open
Conference CallTuesday, July 21, 2026
MX:SYF Upcoming Earnings
Synchrony Financial's next earnings date is estimated for October 20, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:SYF Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operating momentum: record purchase volume, accelerating new account growth, robust earnings and return metrics, and continued partner expansion with a constructive outlook and shareholder returns. Headwinds included sequential margin pressure from lower late fees, elevated payment rates limiting receivable growth, higher operational/tech investments that raised expenses and RSA usage, and some regulatory uncertainty around late fees. Overall, the positive top-line momentum, solid profitability and capital flexibility outweigh the near-term margins and expense pressures.Company Guidance
All-Time High Purchase Volume
Purchase volume grew 8% year-over-year to almost $50 billion, reaching an all-time high; month of June accelerated to ~11% growth.
Strong New Account and Active Account Growth
New accounts exceeded 5.1 million in Q2 and ~9.5–10 million in the first half; average active accounts inflected to growth, supporting volume expansion.
Co-Branded Cards Driving Share and Growth
Co-branded cards (consumer and commercial dual) comprised 52% of total purchase volume and increased 23% year-over-year, driven by new programs and product upgrades.
Revenue and Profitability Metrics
Net earnings were $885 million (EPS $2.59), return on average assets 2.9%, return on tangible common equity 25.2%, and tangible book value per share increased 8% year-over-year.
Net Interest Income and Margin Improvements YoY
Net interest income increased 2% to $4.6 billion and net interest margin improved 30 basis points year-over-year to 15.08%, aided by an 8% decline in interest expense and mix shifts toward loan receivables.
Diversified Platform Growth
Purchase volume growth was broad-based across platforms: Diversified value +12%, Digital +9%, Home & Auto +6%, Lifestyle +6%, Health & Wellness +2%, indicating broad consumer engagement.
Capital Return and Capital Position
Returned $950 million to shareholders in Q2 ($850M repurchases, $100M dividends) with ~$5.7 billion repurchase capacity remaining; issued $500M preferred (7.25% dividend) and ended the quarter with CET1 ratio of 13.2% (above stated 11% target).
Positive Forward Outlook and Guidance
Management expects mid-single-digit ending loan receivable growth by year-end, net charge-offs below 5.5% for 2026, RSAs within 4.0%–4.5% of average receivables, and updated full-year EPS guidance of $9.25–$9.50.
MX:SYF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed