Synchrony Financial
SYF on NYSE. Finance services. Market value $23.4bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
Should I look at this?
Worth a closer look
Why it could be worth it
What to watch out for
Nothing stood out in the numbers we check.
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: 23 cents. Above 10 is good.
What you pay for each dollar of net assets: $1.39.
Profit per $100 you pay: $14.98.
Quality score: 93 of 100. Price score: 90 of 100. Our list needs 70 on quality and 60 on price.
$72.16 a share, 14% above its 1-year low
Over the past year the price has ranged from $63.08 to $88.77.
Expected to report results Wednesday 14 Oct, before the market opens.
Dividend: 1.8% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | n/a | n/a | n/a | n/a | n/a |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.45bn | 0.41bn | 0.39bn | 0.36bn | 0.33bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsUnknown
- Buying back its own sharesYes, 28% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Profit: $885 million, down 8% on a year ago.
- 12% fewer shares than a year ago. Each share owns a bit more of the company.
| Quarter to | Amount |
|---|---|
| September 2024 | $789m |
| December 2024 | $774m |
| March 2025 | $757m |
| June 2025 | $967m |
| September 2025 | $1.1bn |
| December 2025 | $751m |
| March 2026 | $805m |
| June 2026 | $885m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 14 October 2026
- Last annual report (10-K)
- 6 February 2026
- Next quarterly (estimated, 10-Q)
- 22 October 2026
Who owns it
9 long-term investors we follow own it, unchanged from 9 last quarter. 1,002 funds in all.
- Chou AssociatesFrancis Chou
- Value
- $17m
- Share of fund
- 7.8%
- Semper AugustusChristopher Bloomstran
- Value
- $337,434
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Harris Associates (Oakmark)Bill Nygren | $566m | 0.8% | Added |
| LSV Asset ManagementJosef Lakonishok | $191m | 0.3% | Added |
| Boston PartnersBoston Partners team | $143m | 0.1% | Added |
| Hosking PartnersJeremy Hosking | $53m | 1.8% | Cut |
| GMOJeremy Grantham | $36m | <0.1% | Cut |
| Chou AssociatesFrancis Chou | $17m | 7.8% | |
| Gotham Asset ManagementJoel Greenblatt | $925,529 | <0.1% | Added |
| Semper AugustusChristopher Bloomstran | $337,434 | <0.1% | |
| Sanders CapitalLew Sanders | $210,887 | <0.1% | Cut |
Largest holders overall
- BlackRock$2.3bn
- Vanguard Capital Management$1.7bnCut
- Capital World Investors$1.4bnCut
- Vanguard Portfolio Management$1.4bnCut
- State Street$1.3bn
- Bank of America$1.1bnCut
- Goldman Sachs Group$768mAdded
- Geode Capital Management$760m
- First Trust Advisors LP$585mAdded
- PAR Capital Management$579m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- BlackRock, Inc.Passive investor9.0%Since 31 December 2024
- Vanguard Capital ManagementPassive investor7.5%Since 31 March 2026
- Capital World InvestorsPassive investor5.6%−4.1 ptsSince 30 June 2026
- Vanguard Portfolio ManagementPassive investor5.4%Since 31 March 2026
- STATE STREET CORPORATIONPassive investor5.1%Since 30 September 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 9.0% | 31 December 2024 | |
Vanguard Capital Management Passive investor | 7.5% | 31 March 2026 | |
Capital World Investors Passive investor | 5.6%−4.1 pts | 30 June 2026 | |
Vanguard Portfolio Management Passive investor | 5.4% | 31 March 2026 | |
STATE STREET CORPORATION Passive investor | 5.1% | 30 September 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 10 sold $48m, $48m of it under preset trading plans.
- Casellas AlbertoSee remarksSoldunder a preset trading plan
- Date
- 13 August 2026
- Shares
- 5,456
- Price
- $80.00
- Value
- $436,480
- Gentleman CourtneySee remarksSoldunder a preset trading plan
- Date
- 3 August 2026
- Shares
- 721
- Price
- $76.73
- Value
- $55,322
- Owens DarrellSee remarksSoldunder a preset trading plan
- Date
- 3 August 2026
- Shares
- 610
- Price
- $76.73
- Value
- $46,805
- COVIELLO ARTHUR W JRDirectorSoldunder a preset trading plan
- Date
- 3 August 2026
- Shares
- 4,000
- Price
- $77.17
- Value
- $308,680
- MOTHNER JONATHAN SSee remarksSoldunder a preset trading plan
- Date
- 15 May 2026
- Shares
- 51,258
- Price
- $71.23
- Value
- $4m
- Howse CurtisSee remarksSoldunder a preset trading plan
- Date
- 1 May 2026
- Shares
- 8,436
- Price
- $76.55
- Value
- $645,776
- Casellas AlbertoSee remarksSoldunder a preset trading plan
- Date
- 1 May 2026
- Shares
- 5,794
- Price
- $76.55
- Value
- $443,531
- COVIELLO ARTHUR W JRDirectorSoldunder a preset trading plan
- Date
- 1 May 2026
- Shares
- 4,000
- Price
- $76.55
- Value
- $306,200
- Wenzel Brian J. Sr.See remarksSoldunder a preset trading plan
- Date
- 3 March 2026
- Shares
- 47,112
- Price
- $67.16
- Value
- $3m
- Gentleman CourtneySee remarksSoldunder a preset trading plan
- Date
- 2 March 2026
- Shares
- 4,338
- Price
- $67.71
- Value
- $293,726
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 13 August 2026 | Casellas Alberto See remarks | Sold under a preset trading plan | 5,456 | $80.00 | $436,480 |
| 3 August 2026 | Gentleman Courtney See remarks | Sold under a preset trading plan | 721 | $76.73 | $55,322 |
| 3 August 2026 | Owens Darrell See remarks | Sold under a preset trading plan | 610 | $76.73 | $46,805 |
| 3 August 2026 | COVIELLO ARTHUR W JR Director | Sold under a preset trading plan | 4,000 | $77.17 | $308,680 |
| 15 May 2026 | MOTHNER JONATHAN S See remarks | Sold under a preset trading plan | 51,258 | $71.23 | $4m |
| 1 May 2026 | Howse Curtis See remarks | Sold under a preset trading plan | 8,436 | $76.55 | $645,776 |
| 1 May 2026 | Casellas Alberto See remarks | Sold under a preset trading plan | 5,794 | $76.55 | $443,531 |
| 1 May 2026 | COVIELLO ARTHUR W JR Director | Sold under a preset trading plan | 4,000 | $76.55 | $306,200 |
| 3 March 2026 | Wenzel Brian J. Sr. See remarks | Sold under a preset trading plan | 47,112 | $67.16 | $3m |
| 2 March 2026 | Gentleman Courtney See remarks | Sold under a preset trading plan | 4,338 | $67.71 | $293,726 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 6 Feb 2026, plus the 10-Q filed 23 Jul 2026 and 15 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.