Synchrony Financial reported Q3 2026 results via an 8-K press release. This page preserves the snapshot available when the site was archived.
Synchrony Financial released monthly charge-off and delinquency statistics for July 2026: period-end loan receivables were $102.6 billion, the 30+ delinquency rate was 4.2%, and the net charge-off rate was 4.7%.
Source: SEC Form 8-K (Item 2.02), EX-99.1 press release. Numbers are company-reported; estimates are Finnhub analyst consensus. This is a same-day snapshot — the full AI analysis (MD&A, risks, audit opinion) is generated automatically when the 10-Q/10-K is filed.
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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 (Diluted)
$2.59
+3.60% YoY
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