Synchrony Financial Q1 Net Income Rises 6.3% to $805M Despite Equity Dip

Synchrony Financial (NYSE: SYF), a consumer financial services company, reported net income of $805 million for the three months ending March 31, 2026, up 6.3% from $757 million in the first quarter of 2025. Diluted earnings per share climbed to $2.27 from $1.89 a year earlier. Read more earnings reports.

Total assets grew to $121.50 billion as of March 31, 2026, compared to $119.10 billion at the end of December 2025. Cash and cash equivalents jumped to $20.56 billion from $14.97 billion over the same period.

The company's total liabilities increased to $105.02 billion from $102.33 billion at year-end 2025. Long-term debt rose to $16.43 billion from $15.18 billion during the quarter.

Stockholders' equity fell to $16.48 billion as of March 31, 2026, down from $16.77 billion at December 31, 2025. Treasury stock climbed to $19.74 billion from $18.91 billion, reflecting continued share repurchases. Common shares outstanding dropped to 337 million from 347 million over the quarter.

Retained earnings increased to $25.21 billion from $24.60 billion during the three-month period. The company's income tax expense totaled $242 million for the quarter, up from $227 million a year earlier.

Labor and related expenses rose slightly to $515 million from $506 million in the first quarter of 2025. Accrued liabilities declined to $5.70 billion from $6.00 billion at the end of 2025.

Cash from operations totaled $2.18 billion for the quarter ending March 31, 2026, down marginally from $2.20 billion in the same period last year. Cash from investing activities came in at $1.52 billion, compared to $3.60 billion a year earlier. Cash from financing activities totaled $1.88 billion versus $2.12 billion in the prior-year quarter.

The weighted average share count on a basic basis fell to 342.4 million from 385.2 million year-over-year, while diluted shares outstanding decreased to 346 million from 389.4 million.

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