SLM Corporation (SLM)
NASDAQ: SLM · Real-Time Price · USD
26.87
-0.41 (-1.50%)
Aug 18, 2026, 4:00 PM EDT - Market closed
SLM Corporation Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 2,566 | 2,627 | 2,619 | 2,592 | 2,032 | 1,777 |
Total Interest Expense | 1,108 | 1,125 | 1,138 | 1,030 | 542.8 | 381.93 |
Net Interest Income | 1,458 | 1,502 | 1,481 | 1,562 | 1,489 | 1,395 |
Gain (Loss) on Sale of Loans & Receivables | 342.41 | 368.88 | 254.93 | 160.29 | 327.75 | 548.32 |
Gain (Loss) on Sale of Investments | 8.83 | -9.8 | 0.47 | 2.68 | -60.27 | 39.1 |
Other Revenue | 151.38 | 123.48 | 112.87 | 84.15 | 67.16 | 44.89 |
Revenue Before Loan Losses | 1,961 | 1,984 | 1,849 | 1,809 | 1,823 | 2,027 |
Provision for Loan Losses | 274.88 | 332.69 | 408.52 | 345.46 | 633.45 | -32.96 |
| 1,686 | 1,652 | 1,441 | 1,464 | 1,190 | 2,060 | |
Revenue Growth | 39.70% | 14.66% | -1.59% | 23.02% | -42.24% | 19.89% |
Salaries & Employee Benefits | 373.78 | 345.81 | 349.39 | 326.55 | 270.35 | 258.32 |
Cost of Services Provided | 21.69 | 34.29 | 51.61 | 45.77 | 20.94 | 23.37 |
Other Operating Expenses | 304.84 | 275.48 | 235.58 | 245.93 | 257.57 | 236.96 |
Total Operating Expenses | 703.37 | 659.14 | 641.9 | 684.62 | 556.64 | 518.65 |
Operating Income | 982.62 | 992.56 | 798.64 | 779.25 | 633.33 | 1,542 |
EBT Excluding Unusual Items | 982.62 | 992.56 | 798.64 | 779.25 | 633.33 | 1,542 |
Restructuring Charges | - | - | - | - | - | -1.26 |
Pretax Income | 982.62 | 992.56 | 798.64 | 778.3 | 630.73 | 1,540 |
Income Tax Expense | 247.11 | 247.72 | 190.31 | 196.91 | 161.71 | 379.75 |
Net Income | 735.51 | 744.85 | 608.33 | 581.39 | 469.01 | 1,161 |
Preferred Dividends & Other Adjustments | 14.93 | 15.73 | 18.3 | 17.71 | 9.03 | 4.74 |
Net Income to Common | 720.58 | 729.12 | 590.03 | 563.69 | 459.99 | 1,156 |
Net Income Growth | 69.44% | 23.57% | 4.67% | 22.54% | -60.20% | 32.70% |
Shares Outstanding (Basic) | 198 | 207 | 216 | 231 | 258 | 315 |
Shares Outstanding (Diluted) | 201 | 211 | 220 | 234 | 262 | 320 |
Shares Change | -6.73% | -4.10% | -6.04% | -10.49% | -18.26% | -17.38% |
EPS (Basic) | 3.64 | 3.52 | 2.73 | 2.44 | 1.78 | 3.67 |
EPS (Diluted) | 3.59 | 3.46 | 2.68 | 2.41 | 1.76 | 3.61 |
EPS Growth | 82.07% | 29.10% | 11.20% | 36.93% | -51.25% | 60.44% |
Dividend Per Share | 0.520 | 0.520 | 0.460 | 0.440 | 0.440 | 0.200 |
Dividend Growth | 4.00% | 13.04% | 4.54% | 0% | 120.00% | 66.67% |
Operating Margin | 58.28% | 60.09% | 55.44% | 53.23% | 53.22% | 74.83% |
Profit Margin | 42.74% | 44.14% | 40.96% | 38.51% | 38.66% | 56.10% |
Effective Tax Rate | 25.15% | 24.96% | 23.83% | 25.30% | 25.64% | 24.65% |