Synchrony Financial is expected to release its Q3 2026 10-Q filing on October 13, 2026, before market open. Last quarter: Synchrony Financial's Q2 FY2026 net earnings declined 8.5% year-over-year to $885 million despite record purchase volume of $49.8 billion, as higher provision for credit losses (lower reserve release) and elevated other expenses offset improved net interest income and lower net charge-off rates.
EPS Estimate
$2.61
Revenue Estimate
$4.66B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the SYF page.
Drawn from management commentary in the Q2 2026 10-Q:
Total purchase volume increased 8.1% to $49.8 billion for the three months ended June 30, 2026, with Digital platform purchase volume up 9.2% to $14.9 billion (led by partners like PayPal/Venmo and Amazon) and Diversified & Value up 11.7% to $17.2 billion, reflecting partner expansion and higher spend per average active account.
Provision for credit losses increased $55 million (4.8%) in Q2 FY2026 primarily due to a lower reserve release of $163 million versus $265 million in the prior year period, partially offset by a $47 million decrease in net charge-offs; the net charge-off rate improved 27 basis points to 5.43%, below the company's long-term target range of 5.5%-6.0% expected for full-year 2026.
In April 2026, Synchrony completed the acquisition of $0.7 billion of loan receivables associated with the Lowe's commercial co-branded credit card portfolio, now included within the Home & Auto sales platform, contributing to the 2.4% YoY growth in total loan receivables to $102.2 billion.
EPS (Basic)
$2.61
++3.98% YoY
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