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
Revenue	5,255	5,238	5,185	4,063	3,554
Revenue Growth (YoY)	0.31%	1.03%	27.60%	14.34%	-12.11%
Gross Profit	1,169	1,072	1,217	855.33	1,428
Selling, General & Admin	380.11	400.99	372.32	291.29	281.69
Depreciation & Amortization Expenses	3.56	5.33	66.36	7.78	1.26
Other Operating Expenses	275.48	235.58	246.89	260.17	236.96
Total Operating Expenses	659.14	641.9	685.57	559.24	519.91
Operating Income	509.99	430.37	531.18	296.09	907.82
Interest Expense	-1,125	-1,138	-1,030	-542.8	-382.08
Other Non-Operating Income (Expense)	482.57	368.27	247.12	334.64	632.45
Total Non-Operating Income (Expense)	-642.86	-770	-782.97	-208.16	250.37
Pretax Income	992.56	798.64	778.3	630.73	1,540
Provision for Income Taxes	247.72	190.31	196.91	161.71	379.75
Net Income	729.12	590.03	563.69	459.99	1,156
Net Income Attributable to Preferred Dividends	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	23.57%	4.67%	22.54%	-60.20%	32.70%
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%
Free Cash Flow	-398.58	-329.4	-144.64	4.99	-49.52
Free Cash Flow Per Share	-1.89	-1.50	-0.62	0.02	-0.15
Dividends Per Share	0.520	0.460	0.440	0.440	0.200
Dividend Growth	13.04%	4.54%	-	120.00%	66.67%
Gross Margin	22.25%	20.47%	23.47%	21.05%	40.18%
Operating Margin	9.71%	8.22%	10.25%	7.29%	25.55%
Profit Margin	14.18%	11.61%	11.21%	11.54%	32.66%
FCF Margin	-7.59%	-6.29%	-2.79%	0.12%	-1.39%
EBITDA	529.72	453.35	615.36	321.2	923.86
EBITDA Margin	10.08%	8.65%	11.87%	7.91%	26.00%
EBIT	509.99	430.37	531.18	296.09	907.82
EBIT Margin	9.71%	8.22%	10.25%	7.29%	25.55%
Effective Tax Rate	24.96%	23.83%	25.30%	25.64%	24.65%

Updated Jan 22, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q