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SLM

SLM Nasdaq Consumer Finance Financials FY2016–FY2025

SLM's revenue rose 7.3% to $2.0 billion in fiscal 2025. Net income was $745 million, up 22.4%. Its return on equity was 32.3%, up from 30.1% a year earlier. Its efficiency ratio was 33.2%, down from 34.7% a year earlier. It paid out $476 million in dividends and buybacks. The diluted share count fell 4.1%.

Last close · Oct 23, 2026

$19.42

10.8%
Value it Compare
Revenue Total sales reported in the income statement.
$2.0B
7.3% vs prior year
Efficiency ratio Noninterest expense as a share of revenue. Lower is better for banks.
33.2%
1.5 pts
Net income Profit after all expenses, interest and tax.
$745M
22.4%
Return on equity Net income as a share of average shareholders' equity.
32.3%
2.2 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$4.1B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
7.1x
On $2.75 EPS (TTM)

About these figures. Provision to loans for fiscal 2025 is blank: the 10-K's structured data doesn't include every figure it needs.

What SLM does

No business description yet.

Legal name
SLM Corp
Fiscal year ends
December 31, 2025
Latest annual report
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Accession · CIK
0001032033-26-000011
0001032033

Revenue and margins

SLM had $2.0B of revenue in fiscal 2025, up 7.3% on the year before.

Revenue
Revenue
Net interest income share and efficiency ratio
Net interest share Efficiency ratio
Net interest income share and efficiency ratio
Net interest share Efficiency ratio

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 23.2% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns and efficiency

For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.

Return on equity, return on tangible equity and efficiency ratio
ROE ROTE Efficiency ratio

Dividends, buybacks and share count

SLM returned $476M to shareholders in fiscal 2025. The diluted share count fell 4.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value SLM yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Earnings multiple

Value per share

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Reference multiples: today 7.1x · peers 10.6x · sector 13.7x.

Balance sheet

Loans, deposits and capital at each fiscal year end.

Loans and deposits
Loans Deposits
Fiscal year endFY21FY22FY23FY24FY25
Loans, net $20.3B$19.6B$20.3B$20.9B$20.3B
Deposits $20.8B$21.4B$21.7B$21.1B$21.1B
Loans / deposits 97.7%91.5%93.8%99.2%96.5%
Total assets $29.2B$28.8B$29.2B$30.1B$29.7B
Shareholders' equity $2.1B$1.7B$1.9B$2.2B$2.5B
Goodwill $0.0M$51.0M$56.0M$56.0M$56.0M
Intangible assets $0.0M$0.0M$0.0M$0.0M$0.0M
Provision / loans −1.2%2.1%1.2%1.8%—

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

No open-market insider trades in the last 12 months.

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
SLM SLM $4.1B 7.3% — — — 7.1x —
SoFi Technologies SOFI $18.3B 35.1% — — — 29.8x — Compare →
Ally Financial ALLY $12.2B −3.3% — — — 9.2x — Compare →
Synchrony Financial SYF $27.5B −2.8% — — — 7.7x — Compare →
Capital One COF $109.0B 36.6% — — — 12.1x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $960M $1.1B $1.4B $1.7B $1.8B $2.0B $1.8B $1.8B $1.8B $2.0B
Net interest income $891M $1.1B $1.4B $1.6B $1.5B $1.4B $1.5B $1.6B $1.5B $1.5B
Noninterest income $68.8M −$2.9M −$51.9M $48.9M $331M $632M $335M $247M $368M $483M
Noninterest expense $386M $449M $557M $574M $564M $520M $559M $686M $642M $659M
Provision for credit losses $159M $186M $245M $354M $93.1M −$233M $414M $243M $361M —
Pretax income $414M $492M $559M $744M $1.2B $1.5B $631M $778M $799M $993M
Income tax $164M $203M $71.9M $166M $273M $380M $162M $197M $190M $248M
Net income $250M $289M $488M $578M $881M $1.2B $469M $581M $608M $745M
Net income to common $229M $273M $472M $561M $871M $1.2B $460M $564M $590M $729M
Diluted EPS $0.53 $0.62 $1.07 $1.30 $2.25 $3.61 $1.76 $2.41 $2.68 $3.46
Diluted shares 0.43B 0.44B 0.44B 0.43B 0.39B 0.32B 0.26B 0.23B 0.22B 0.21B
Cash flow
Stock-based compensation $22.9M $27.9M $31.5M $30.6M $36.5M $30.6M $34.5M $36.4M $40.0M $40.6M
Share buybacks $0.0M $0.0M $0.0M $167M $558M $1.5B $713M $350M $248M $369M
Dividends paid $21.2M $0.0M $0.0M $51.1M $46.4M $60.5M $113M $101M $99.2M $108M
Dividends and buybacks $21.2M $0.0M $0.0M $218M $605M $1.6B $826M $452M $347M $476M
Balance sheet
Loans, net $15.1B $18.6B $22.3B $24.7B $19.2B $20.3B $19.6B $20.3B $20.9B $20.3B
Deposits $13.4B $15.5B $18.9B $24.3B $22.7B $20.8B $21.4B $21.7B $21.1B $21.1B
Goodwill $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $51.0M $56.0M $56.0M $56.0M
Intangible assets $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Total assets $18.5B $21.8B $26.6B $32.7B $30.8B $29.2B $28.8B $29.2B $30.1B $29.7B
Preferred stock $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Shareholders' equity $2.3B $2.5B $3.0B $3.3B $2.6B $2.1B $1.7B $1.9B $2.2B $2.5B
Margins
Net margin 26.1% 25.7% 35.8% 34.6% 48.6% 57.3% 25.7% 32.1% 32.9% 37.5%
Net interest share of revenue 92.8% 100.3% 103.8% 97.1% 81.7% 68.8% 81.7% 86.3% 80.1% 75.7%
Efficiency ratio 40.2% 39.9% 40.9% 34.3% 31.2% 25.7% 30.7% 37.9% 34.7% 33.2%
Returns
Return on equity 11.3% 12.0% 17.9% 18.4% 30.0% 49.3% 24.2% 32.2% 30.1% 32.3%
Return on assets 1.5% 1.4% 2.0% 2.0% 2.8% 3.9% 1.6% 2.0% 2.1% 2.5%
Return on tangible equity 10.3% 11.3% 17.3% 17.9% 29.7% 49.1% 24.1% 32.2% 30.0% 32.4%
Growth
Revenue growth 8.5% 17.3% 20.9% 22.9% 8.3% 11.9% −10.1% −0.8% 2.2% 7.3%
Net income growth −8.7% 15.4% 68.7% 18.6% 52.3% 31.8% −59.6% 24.0% 4.6% 22.4%
EPS growth −10.2% 17.0% 72.6% 21.5% 73.1% 60.4% −51.3% 36.9% 11.2% 29.1%
Share count change 0.2% 1.3% 0.3% −2.1% −10.1% −17.4% −18.3% −10.5% −6.0% −4.1%
Financial health
Loans / deposits 112.7% 119.8% 117.6% 101.6% 84.6% 97.7% 91.5% 93.8% 99.2% 96.5%
Provision / loans 1.2% 1.1% 1.2% 1.5% 0.4% −1.2% 2.1% 1.2% 1.8% —
Capital allocation
Stock comp / revenue 2.4% 2.5% 2.3% 1.8% 2.0% 1.5% 1.9% 2.0% 2.2% 2.0%

Source: SEC EDGAR XBRL filings (CIK 0001032033). Data updated October 22, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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