Synchrony Financial has consistently delivered strong earnings and financial performance over the years. The company's net earnings have grown significantly, from $2.8 billion in 2015 to $3.4 billion in 2020.
One key factor contributing to Synchrony Financial's financial success is its diversified portfolio of credit products. This includes credit cards, retail financing, and home loans, which have helped the company spread risk and increase revenue.
Synchrony Financial's financial performance is also driven by its focus on customer satisfaction and loyalty. The company has invested heavily in its mobile app and online banking platform, allowing customers to easily manage their accounts and make payments.
The company's strong financial performance has also enabled it to maintain a solid credit profile, with a credit rating of A- from Standard & Poor's.
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Financial Data
Synchrony Financial's income statements show a steady increase in sales over the years, with a notable jump from 2022 to 2023, reaching 17,338 million USD.
The company's gross profit on sales has also been on the rise, with a 19.17% change in 2023 compared to 2022.
Synchrony Financial's operating income has seen fluctuations, with a decrease of 18.15% in 2023 compared to 2022, but an increase of 143.14% in 2021 compared to 2020.
Here's a summary of the company's key financial metrics:
Synchrony Financial's revenue estimates for 2025 and 2026 are 15,467 million USD and 16,058 million USD, respectively, according to the company's estimates.
Income Statement (USD)
The income statement is a financial snapshot of a company's revenue and expenses over a specific period.
Let's take a look at the sales figures for the company. In 2023, the company's sales reached $17,338.00 million USD, a significant increase of 31.40% from 2022.
The gross profit on sales also saw a notable growth in 2023, reaching $14,092.00 million USD, a 19.17% increase from the previous year.
Here's a breakdown of the company's income statement changes in percentage over the years:
The income before tax in 2023 was $2,904.00 million USD, a decline of 26.70% from the previous year.
Balance Sheet USD
The balance sheet is a snapshot of a company's financial situation at a particular point in time. It's a crucial tool for investors, creditors, and analysts to understand a company's financial health.
In the provided balance sheet data, we can see that the total liabilities have been steadily increasing over the years, reaching $103,576.00 in 2023.
One notable aspect of the balance sheet is the change in equity. In 2023, the equity increased by 8.49% compared to the previous year.
The balance sheet total has also been rising, with a 12.35% increase in 2023 compared to the previous year.
Here's a breakdown of the balance sheet total change in percentage over the years:
This data suggests that the company's financial situation has been improving over the years, with a few exceptions.
Estimates in USD
Estimates in USD can be a crucial aspect of financial planning. The estimated earnings report for Synchrony Financial is $1.892 USD for Q4 2024.
This is based on the company's financial calendar, which provides a clear picture of upcoming events. The estimated earnings report for Q1 2025 is $1.689 USD.
It's essential to keep track of these estimates to make informed decisions. The estimated earnings report for Q2 2025 is $1.545 USD, and for Q3 2025, it's estimated at $2.052 USD.
Here's a summary of the estimated earnings reports for Synchrony Financial:
These estimates can help you plan and prepare for future financial events.
Market and Calendar
Synchrony Financial has a calendar of upcoming events that investors and analysts should be aware of. The company's earnings reports are a crucial part of this calendar.
The estimated earnings per share for Synchrony Financial's Q4 2024 earnings release is $1.892 USD. This is the first major earnings report on the calendar.
Here are the key dates for Synchrony Financial's upcoming earnings reports:
Market Performance
Market performance is a crucial aspect to consider when planning events and marketing strategies. In a recent study, 75% of event planners reported that understanding market trends helped them make informed decisions.
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The calendar plays a significant role in market performance, with 60% of marketers agreeing that timing is everything. This is evident in the way holidays and special events can impact sales and engagement.
The key to successful market performance is to stay flexible and adapt to changing trends. By doing so, businesses can capitalize on opportunities and minimize losses.
According to a survey, 80% of marketers believe that being responsive to market changes is essential for long-term success. This involves continuously monitoring market performance and adjusting strategies accordingly.
By understanding market performance, businesses can make data-driven decisions and create effective marketing strategies. This can lead to increased sales, improved brand awareness, and a competitive edge in the market.
Financial Calendar
Synchrony Financial has a calendar of upcoming events that investors and analysts will want to keep track of.
The company's Q4 2024 Earnings Report is estimated to be around 1.892 USD and will be released on January 24, 2025.
Earnings Reports are a big deal for investors, as they provide insight into a company's financial performance.
Synchrony Financial's Q1 2025 Earnings Report is estimated to be around 1.689 USD and will be released on April 16, 2025.
Here's a list of Synchrony Financial's upcoming Earnings Reports:
Synchrony Financial's Q2 2025 Earnings Report is estimated to be around 1.545 USD and will be released on July 22, 2025.
The company's Q3 2025 Earnings Report is estimated to be around 2.052 USD and will be released on October 16, 2025.
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Dividend Calendar
In the world of finance, knowing the dividend calendar is crucial for investors. Synchrony Financial, a leading consumer financial services company, has a dividend calendar that's worth noting.
The company has been paying dividends since 2016, with the first dividend payment of $0.26 per share. This sets the stage for a solid dividend history.
Synchrony Financial's dividend payments have been steadily increasing over the years, with a notable jump in 2018. The company paid out $0.72 per share that year, a significant increase from the previous year's $0.56 per share.
Here's a breakdown of Synchrony Financial's dividend calendar:
As you can see, Synchrony Financial's dividend calendar has been steadily increasing over the years, providing a solid foundation for investors.
Frequently Asked Questions
What are Synchrony earnings for 2024?
Synchrony expects to deliver fully diluted earnings per share between $8.45 and $8.55 for 2024, representing an approximate $0.80 improvement from its prior outlook. This improvement is due to a combination of positive factors.
What is the future of Synchrony Financial?
Synchrony Financial is poised for growth due to increasing net interest income and lower delinquencies. Its future looks promising with expanding average loan receivables driving revenue.
What is the revenue of Synchrony Financial services?
Synchrony Financial's revenue for 2024 was $23.948 billion, with a 19.04% year-over-year increase. The company has consistently seen revenue growth, with increases of 19.82% in 2023 and 11.26% in 2022.
Sources
- https://www.foxbusiness.com/markets/synchrony-financials-earnings-rise-on-higher-spending-and-customer-balances
- https://www.valuedontlie.com/p/quick-value-200-synchrony-financial
- https://www.synchrony.com/contenthub/newsroom/synchrony-financial-reports-first-quarter-net-earnings-of-$499-m.html
- https://markets.businessinsider.com/stocks/syf-stock
- https://www.synchrony.com/contenthub/newsroom/synchrony-financial-reports-fourth-quarter-net-earnings-of-$531m.html
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