SLM Corporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest and Dividend Income	2,627	2,619	2,592	2,032	1,777
Total Interest Expense	1,125	1,138	1,030	542.8	381.93
Net Interest Income	1,502	1,481	1,562	1,489	1,395
Gain (Loss) on Sale of Loans & Receivables	368.88	254.93	160.29	327.75	548.32
Gain (Loss) on Sale of Investments	-9.8	0.47	2.68	-60.27	39.1
Other Revenue	123.48	112.87	84.15	67.16	44.89
Revenue Before Loan Losses	1,984	1,849	1,809	1,823	2,027
Provision for Loan Losses	332.69	408.52	345.46	633.45	-32.96
Revenue	1,652	1,441	1,464	1,190	2,060
Revenue Growth (YoY)	14.66%	-1.59%	23.02%	-42.24%	19.89%
Salaries & Employee Benefits	345.81	349.39	326.55	270.35	258.32
Cost of Services Provided	34.29	51.61	45.77	20.94	23.37
Other Operating Expenses	275.48	235.58	245.93	257.57	236.96
Total Operating Expenses	659.14	641.9	684.62	556.64	518.65
Operating Income	992.56	798.64	779.25	633.33	1,542
EBT Excluding Unusual Items	992.56	798.64	779.25	633.33	1,542
Restructuring Charges	-	-	-	-	-1.26
Pretax Income	992.56	798.64	778.3	630.73	1,540
Income Tax Expense	247.72	190.31	196.91	161.71	379.75
Net Income	744.85	608.33	581.39	469.01	1,161
Preferred Dividends & Other Adjustments	15.73	18.3	17.71	9.03	4.74
Net Income to Common	729.12	590.03	563.69	459.99	1,156
Net Income Growth	22.44%	4.63%	23.96%	-59.59%	31.77%
Shares Outstanding (Basic)	207	216	231	258	315
Shares Outstanding (Diluted)	211	220	234	262	320
Shares Change (YoY)	-4.10%	-6.04%	-10.49%	-18.26%	-17.38%
EPS (Basic)	3.52	2.73	2.44	1.78	3.67
EPS (Diluted)	3.46	2.68	2.41	1.76	3.61
EPS Growth	29.10%	11.20%	36.93%	-51.25%	60.44%
Dividend Per Share	0.520	0.460	0.440	0.440	0.200
Dividend Growth	13.04%	4.54%	-	120.00%	66.67%
Operating Margin	60.09%	55.44%	53.23%	53.22%	74.83%
Profit Margin	44.14%	40.96%	38.51%	38.66%	56.10%
Effective Tax Rate	24.96%	23.83%	25.30%	25.64%	24.65%

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.