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	Sep '26 Sep 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	2,525	2,627	2,619	2,592	2,032	1,777
Total Interest Expense	1,100	1,125	1,138	1,030	542.8	381.93
Net Interest Income	1,425	1,502	1,481	1,562	1,489	1,395
Gain (Loss) on Sale of Loans & Receivables	210.1	368.88	254.93	160.29	327.75	548.32
Gain (Loss) on Sale of Investments	-10.02	-9.8	0.47	2.68	-60.27	39.1
Other Revenue	165.97	123.48	112.87	84.15	67.16	44.89
Revenue Before Loan Losses	1,791	1,984	1,849	1,809	1,823	2,027
Provision for Loan Losses	309.09	332.69	408.52	345.46	633.45	-32.96
Revenue	1,482	1,652	1,441	1,464	1,190	2,060
Revenue Growth	1.44%	14.66%	-1.59%	23.02%	-42.24%	19.89%
Salaries & Employee Benefits	388.56	345.81	349.39	326.55	270.35	258.32
Cost of Services Provided	20.63	34.29	51.61	45.77	20.94	23.37
Other Operating Expenses	331.62	275.48	235.58	245.93	257.57	236.96
Total Operating Expenses	743.67	659.14	641.9	684.62	556.64	518.65
Operating Income	737.9	992.56	798.64	779.25	633.33	1,542
EBT Excluding Unusual Items	737.9	992.56	798.64	779.25	633.33	1,542
Restructuring Charges	-	-	-	-	-	-1.26
Pretax Income	737.9	992.56	798.64	778.3	630.73	1,540
Income Tax Expense	170.5	247.72	190.31	196.91	161.71	379.75
Net Income	567.4	744.85	608.33	581.39	469.01	1,161
Preferred Dividends & Other Adjustments	14.58	15.73	18.3	17.71	9.03	4.74
Net Income to Common	552.82	729.12	590.03	563.69	459.99	1,156
Net Income Growth	-8.91%	23.57%	4.67%	22.54%	-60.20%	32.70%
Shares Outstanding (Basic)	193	207	216	231	258	315
Shares Outstanding (Diluted)	195	211	220	234	262	320
Shares Change	-8.51%	-4.10%	-6.04%	-10.49%	-18.26%	-17.38%
EPS (Basic)	2.87	3.52	2.73	2.44	1.78	3.67
EPS (Diluted)	2.83	3.46	2.68	2.41	1.76	3.61
EPS Growth	-0.55%	29.10%	11.20%	36.93%	-51.25%	60.44%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Dividend Per Share	0.520	0.520	0.460	0.440	0.440	0.200
Dividend Growth	0%	13.04%	4.54%	0%	120.00%	66.67%
Operating Margin	49.80%	60.09%	55.44%	53.23%	53.22%	74.83%
Profit Margin	37.31%	44.14%	40.96%	38.51%	38.66%	56.10%
Effective Tax Rate	23.11%	24.96%	23.83%	25.30%	25.64%	24.65%

SEC Filings: 10-K · 10-Q