# Synchrony Financial (SYF)

> Source: Nexqual · https://nexqual.com/SYF · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Synchrony Financial (SYF), nexqual.com/SYF" · informational, not investment advice.

**Price:** USD 75.09 (+1.32% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 74.11 · day 73.57–75.6 · 52w 63.08–88.77 · market cap $24.4B · NYQ

## Key facts
- Last four reported quarters (through Sep 30, 2026): revenue $19.3B, net income $3.33B (17.3% margin) (SEC filings).
- Valuation: P/E 7.3x (avg 7.8x at the last 3 fiscal year-ends).
- 3 of 80 tracked superinvestors hold SYF (13F, Q2 2026): 0 new, 1 added, 0 reduced, 2 unchanged.
- Analysts: Buy (mean 2.21 on a 1–5 scale) (24 analysts), mean target USD 87.54 (range 73–104).
- Total return with dividends: 1Y +4.2% vs S&P 500 +14.9%; 5Y +70.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-20, EPS estimate USD 2, revenue estimate $3.92B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $14.7B | $16.0B | $17.3B | $19.5B | $19.0B | $19.3B |
| Net income | $4.22B | $3.02B | $2.24B | $3.50B | $3.55B | $3.33B |
| EPS (diluted) | $7.34 | $6.15 | $5.19 | $8.55 | $9.28 | — |
| Net margin | 28.7% | 18.8% | 12.9% | 17.9% | 18.7% | 17.3% |
| Revenue growth | -0.6% | +8.7% | +8.0% | +13.0% | -2.8% | — |
| Cash + short-term investments | $8.34B | $10.3B | $14.3B | $14.7B | $15.0B | — |
| Total debt | $14.5B | $14.2B | $16.0B | $15.5B | $15.2B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Sep 30, 2026)
P/E 7.3x · P/S 1.3x · P/B 1.5x · Earnings yield 13.64% · Dividend yield (paid, TTM) 1.72% · Buyback yield (TTM) 15.72%
P/E at fiscal year-ends: Dec 2025 8.8x, Dec 2024 7.4x, Dec 2023 7.2x.

## Superinvestors (SEC 13F-HR, Q2 2026)
3 of 80 tracked investors hold SYF. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Francis Chou | Chou Associates | 7.84% | $17.0M | Unchanged |
| Bill Nygren | Oakmark Funds | 0.75% | $566M | Added +59.8% |
| Christopher Bloomstran | Semper Augustus | 0.04% | $337K | Unchanged |

## Analysts
Consensus Buy (mean 2.21 on a 1–5 scale), 24 analysts; mean target USD 87.54 (low 73, high 104).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | JP Morgan | Target raised | Neutral | $74 → $77 |
| 2026-10-21 | Evercore ISI Group | Downgrade | Outperform → In-Line | $80 → $78 |
| 2026-10-21 | Barclays | Target raised | Overweight | $93 → $94 |
| 2026-10-12 | Morgan Stanley | Target lowered | Equal-Weight | $84 → $83 |
| 2026-10-12 | JP Morgan | Target lowered | Neutral | $78 → $74 |
| 2026-10-09 | BMO Capital | Initiated | Market Perform | $81 |
| 2026-10-06 | TD Cowen | Target lowered | Buy | $90 → $86 |
| 2026-10-05 | UBS | Target lowered | Neutral | $87 → $81 |
| 2026-10-01 | Evercore ISI Group | Target lowered | Outperform | $86 → $80 |
| 2026-08-25 | Wolfe Research | Target raised | Outperform | $85 → $90 |
| 2026-08-03 | UBS | Target raised | Neutral | $84 → $87 |
| 2026-07-28 | Evercore ISI Group | Target lowered | Outperform | $90 → $86 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +4.2% | +70.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +4.3% | +11.3% |
| Volatility (annualized) | 31.6% | 34.2% |
| Max drawdown | -27.6% (Jan 2026→Mar 2026) | -43.9% (Nov 2021→May 2023) |

## Peers (Credit Services)
AFRM (Affirm Holdings, Inc.) USD 72.4 -1.51% · SOFI (SoFi Technologies, Inc.) USD 14.77 -0.87% · PYPL (PayPal Holdings, Inc.) USD 57.54 +0.59% · ALLY (Ally Financial Inc.) USD 39.31 +1.60% · FCFS (FirstCash Holdings, Inc.) USD 184.78 -14.75% · OMF (OneMain Holdings, Inc.) USD 57.11 +0.49%

## More
Full page: https://nexqual.com/SYF · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in SYF's own 10-K filed 2026-02-06 (https://www.sec.gov/Archives/edgar/data/1601712/000160171226000006/syf-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Federal Deposit Insurance | "In addition, through the Bank, we offer, directly to retail, affinity relationships and commercial customers, a range of deposit products insured by the Federal Deposit Insurance Corporation ("FDIC"), including certifica…" |
| Customer | Fiserv Solutions | "Fiserv provides the core banking platform for our online retail deposits including a customer-facing account opening and servicing platform." |
| Partner | Lowe's (LOW) | "Our business benefits from longstanding and collaborative relationships with our partners, including some of the nation's leading retailers and manufacturers with well-known consumer brands, such as Lowe's and Sam's Club…" |
| Partner | Amazon (AMZN) | "Our business benefits from longstanding and collaborative relationships with our partners, including some of the nation's leading retailers and manufacturers with well-known consumer brands, such as Lowe's and Sam's Club…" |
| Partner | PayPal (PYPL) | "Our business benefits from longstanding and collaborative relationships with our partners, including some of the nation's leading retailers and manufacturers with well-known consumer brands, such as Lowe's and Sam's Club…" |
| Partner | Chevron (CVX) | "Our Home & Auto sales platform partners include a wide range of key retailers in the home improvement, furniture, bedding, flooring, appliance and electronics industries, such as Ashley HomeStores Inc., Floor & Decor, Lo…" |
| Partner | Ashley HomeStores | "Our Home & Auto sales platform partners include a wide range of key retailers in the home improvement, furniture, bedding, flooring, appliance and electronics industries, such as Ashley HomeStores Inc., Floor & Decor, Lo…" |
| Partner | QVC Group | "Our Digital sales platform includes key partners delivering digital payment solutions, such as PayPal, including our Venmo program, online marketplaces, such as Amazon, and digital-first brands and merchants, such as the…" |
| Partner | Verizon (VZ) | "Our Digital sales platform includes key partners delivering digital payment solutions, such as PayPal, including our Venmo program, online marketplaces, such as Amazon, and digital-first brands and merchants, such as the…" |
| Partner | Club and TJX Companies | "Our Diversified & Value sales platform is comprised of six large retail partners: Belk, Fleet Farm, JCPenney, OnePay, Sam's Club and TJX Companies, Inc. In September 2025, we launched our new partnership with OnePay to b…" |
| Partner | Walmart (WMT) | "Our Diversified & Value sales platform is comprised of six large retail partners: Belk, Fleet Farm, JCPenney, OnePay, Sam's Club and TJX Companies, Inc. In September 2025, we launched our new partnership with OnePay to b…" |
| Partner | Visa (V) | "We also face risks related to cyber-attacks and other security breaches in connection with credit card and deposit transactions that typically involve the transmission of sensitive information regarding our customers thr…" |
| Competitor | Apple (AAPL) | "In the future, we expect our products may face increased competitive pressure to the extent that our products are not accepted in, or compatible with, digital wallet technologies such as Apple Pay, Samsung Pay, Google Pa…" |
| Competitor | Alphabet (Google) (GOOGL) | "In the future, we expect our products may face increased competitive pressure to the extent that our products are not accepted in, or compatible with, digital wallet technologies such as Apple Pay, Samsung Pay, Google Pa…" |
| Competitor | Samsung Electronics | "In the future, we expect our products may face increased competitive pressure to the extent that our products are not accepted in, or compatible with, digital wallet technologies such as Apple Pay, Samsung Pay, Google Pa…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $2.00 | $2.19 | -8.8% | $3.92B | 17 |
| Next quarter (ends 2027-03-31) | $2.56 | $2.55 | +0.5% | $3.91B | 15 |
| Current fiscal year (ends 2026-12-31) | $9.54 | $9.37 | +1.8% | $15.14B | 17 |
| Next fiscal year (ends 2027-12-31) | $10.48 | $10.48 | -0.0% | $15.93B | 23 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 32.1% | ±7.2% |
| 2026-12-18 | 56 | 31.9% | ±10.0% |
| 2027-01-15 | 84 | 29.9% | ±11.5% |
| 2027-03-19 | 147 | 31.8% | ±16.0% |
| 2027-06-17 | 237 | 31.8% | ±20.2% |
| 2027-09-17 | 329 | 33.7% | ±24.9% |