Synchrony Financial Q2 2026 Earnings Release

Synchrony Financial reported second quarter 2026 net earnings of $885 million, or $2.59 per diluted share, a decrease from $967 million, or $2.50 per diluted share, in the second quarter of 2025. The company experienced an 8% increase in purchase volume to $49.8 billion and a 2% increase in loan receivables to $102.2 billion. Net interest margin improved by 30 basis points to 15.08%, while the efficiency ratio increased by 170 basis points to 35.8%. Return on assets decreased by 30 basis points to 2.9%, and return on equity decreased by 170 basis points to 21.4%. The company returned $950 million to shareholders through share repurchases and dividends. Credit quality remained stable, with loans 30+ days past due at 4.16% and net charge-offs at 5.43%. The company also announced several new and renewed partnerships during the quarter.