BFH NYSE Personal Credit Institutions Financials FY2016βFY2025
Bread Financial Holdings, Inc. had $3.8B of revenue in fiscal 2025, up 0.2% on the year before. Over five years, revenue changed β3.2% a year on average.
Last close Β· Oct 23, 2026
$99.89
2.5%Hi! I read Bread Financial Holdings, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+0.2%
Only a little. Sales grew 0.2% last year.
Does it make a profit?
13.5%
Yes. It keeps 13.5% of every sale as profit.
How healthy are the accounts?
7 / 7
Solid. It passes 7 of 7 health tests.
How is the share priced?
7.8x
One share costs 7.8 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Bread Financial Holdings, Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
January 28, 2027
Thursday Β· in 94 days
Estimated from the same quarter last year. It will be replaced by the announced date once there is one.
See who else reports that week β| Date | Results for | Time | Source |
|---|---|---|---|
| Oct 22, 2026 | Period ended Sep 30, 2026 | Before the market opens | 8-K β |
| Jul 23, 2026 | Q2 '26 | Before the market opens | 8-K β |
| Apr 23, 2026 | Q1 '26 | Before the market opens | 8-K β |
| Jan 29, 2026 | Q4 '25 | Before the market opens | 8-K β |
| Oct 23, 2025 | Q3 '25 | Before the market opens | 8-K β |
| Jul 24, 2025 | Q2 '25 | Before the market opens | 8-K β |
| Apr 24, 2025 | Q1 '25 | Before the market opens | 8-K β |
| Jan 30, 2025 | Q4 '24 | Before the market opens | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Bread Financial Holdings, Inc. had $3.8B of revenue in fiscal 2025, up 0.2% on the year before. Over five years, revenue changed β3.2% a year on average.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Bread Financial Holdings, Inc. made $518M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 4.5% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Bread Financial Holdings, Inc. returned $353M to shareholders in fiscal 2025. The diluted share count fell 5.6%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
KIRA Β· Bread Financial Holdings, Inc. owes $678M more than it holds in cash.
Cash, debt and the ratios that show how comfortably Bread Financial Holdings, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $3.1B | $4.0B | $3.8B | $4.0B | $3.6B |
| Debt incl. finance leases | $7.4B | $8.0B | $5.3B | $5.6B | $4.3B |
| Debt / equity | 3.6x | 3.5x | 1.8x | 1.8x | 1.3x |
| Total assets | $21.7B | $25.4B | $23.1B | $22.9B | $22.7B |
| Total liabilities | $19.7B | $23.1B | $20.2B | $19.8B | $19.3B |
| Shareholders' equity | $2.1B | $2.3B | $2.9B | $3.1B | $3.3B |
| Net debt (β = net cash) | $4.3B | $4.0B | $1.5B | $1.6B | $678M |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Bread Financial Holdings, Inc. passes 7 of 7 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 8 / 9 | 8 / 9 | 6 / 9 | 5 / 9 | 4 / 7 | 6 / 7 | 7 / 7 | 3 / 7 | 7 / 7 |
| Accruals ratio | β6.3% | β6.4% | β5.9% | β3.3% | β6.8% | β3.4% | β6.9% | β5.2% | β6.9% | β6.9% |
| Altman Z'' | 3.52 | 3.96 | 3.87 | 3.90 | 3.54 | β | β | β | β | β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $7.1B | $5.5B | $5.7B | $5.6B | $4.5B | $3.3B | $3.8B | $4.3B | $3.8B | $3.8B |
| Net interest income | β | β | β | $4.2B | $3.5B | $3.5B | $4.2B | $4.3B | $4.1B | $4.1B |
| Noninterest income | β | β | β | β$139M | β$155M | β$213M | β$355M | β | β | β |
| Noninterest expense | β | β | β | $2.2B | $1.7B | $1.7B | $1.9B | $2.1B | $2.1B | $2.0B |
| Provision for credit losses | β | β | β | $1.2B | $1.3B | $544M | $1.6B | $1.2B | $1.4B | $1.2B |
| Gross profit | $2.9B | $3.0B | $3.1B | $2.9B | $2.4B | β | β | β | β | β |
| Operating income | $1.3B | $1.5B | $1.8B | $662M | $301M | β | β | β | β | β |
| Interest expense | $429M | $455M | $542M | $638M | $499M | $383M | $503M | $879M | β | β |
| Pretax income | $837M | $1.1B | $1.2B | $662M | $301M | $1.0B | $300M | $968M | $381M | $615M |
| Income tax | $319M | $293M | $270M | $156M | $93.0M | $247M | $76.0M | $231M | $102M | $94.0M |
| Net income | $518M | $789M | $963M | $278M | $214M | $801M | $223M | $718M | $277M | $518M |
| Net income to common | $516M | $789M | $963M | $269M | $214M | $801M | β | β | β | β |
| Diluted EPS | $7.34 | $14.10 | $17.49 | $5.46 | $4.46 | $16.02 | $4.46 | $14.34 | $5.49 | $10.89 |
| Diluted shares | 0.06B | 0.06B | 0.06B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B |
| Cash flow | ||||||||||
| Cash from operations | $2.1B | $2.6B | $2.8B | $1.2B | $1.9B | $1.5B | $1.8B | $2.0B | $1.9B | $2.1B |
| Capital expenditure | $207M | $225M | $200M | $142M | $54.0M | $84.0M | $68.0M | β | β | β |
| Free cash flow | $1.9B | $2.4B | $2.6B | $1.1B | $1.8B | $1.5B | $1.8B | β | β | β |
| Depreciation and amortization | $512M | $498M | $487M | $249M | $184M | $123M | $113M | $116M | $90.0M | $80.0M |
| Stock-based compensation | $76.5M | $75.1M | $80.8M | $55.0M | $21.0M | $29.0M | $33.0M | $44.0M | $54.0M | $56.0M |
| Acquisitions | β | $946M | β | $7.0M | $267M | $75.0M | $0.0M | $0.0M | β | β |
| Share buybacks | $799M | $554M | $443M | $976M | β | $0.0M | $12.0M | $35.0M | $55.0M | $313M |
| Dividends paid | $30.0M | $116M | $125M | $127M | $61.0M | $42.0M | $43.0M | $42.0M | $43.0M | $40.0M |
| Dividends and buybacks | $829M | $669M | $568M | $1.1B | $61.0M | $42.0M | $55.0M | $77.0M | $98.0M | $353M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $1.9B | $4.2B | $3.8B | $3.9B | $2.8B | $3.1B | $4.0B | $3.8B | $4.0B | $3.6B |
| Total debt | $6.4B | $6.2B | $5.9B | $2.8B | $2.8B | $7.4B | $8.0B | $5.3B | $5.6B | $4.3B |
| Loans, net | $15.6B | $17.5B | $16.8B | $18.3B | $14.8B | $15.6B | β | β | β | β |
| Deposits | β | β | β | β | $9.8B | $11.0B | $13.8B | $13.6B | $13.1B | $13.9B |
| Current assets | $19.6B | $24.7B | $24.7B | $24.1B | $19.6B | β | β | β | β | β |
| Current liabilities | $9.2B | $10.1B | $11.5B | $11.9B | $10.4B | β | β | β | β | β |
| Inventory | $271M | $234M | $248M | $218M | $164M | β | β | β | β | β |
| Property and equipment, net | $586M | $614M | $288M | $282M | $213M | $215M | $195M | $167M | $142M | $117M |
| Goodwill | $3.8B | $993M | $955M | $955M | $634M | $634M | $634M | $634M | $634M | $634M |
| Intangible assets | $1.0B | $801M | $217M | $153M | $77.0M | $53.0M | $165M | $128M | $112M | $82.0M |
| Total assets | $25.5B | $30.7B | $30.4B | $26.5B | $22.5B | $21.7B | $25.4B | $23.1B | $22.9B | $22.7B |
| Total liabilities | $23.9B | $28.8B | $28.1B | $24.9B | $21.0B | $19.7B | $23.1B | $20.2B | $19.8B | $19.3B |
| Preferred stock | β | β | β | β | β | β | β | β | $0.0M | $0.0M |
| Shareholders' equity | $1.7B | $1.9B | $2.3B | $1.6B | $1.5B | $2.1B | $2.3B | $2.9B | $3.1B | $3.3B |
| Margins | ||||||||||
| Gross margin | 40.1% | 54.9% | 55.2% | 51.8% | 54.1% | β | β | β | β | β |
| Operating margin | 17.7% | 27.7% | 31.0% | 11.9% | 6.7% | β | β | β | β | β |
| EBITDA margin | 24.9% | 36.8% | 39.6% | 16.3% | 10.7% | β | β | β | β | β |
| Net margin | 7.3% | 14.4% | 17.0% | 5.0% | 4.7% | 24.5% | 5.8% | 16.7% | 7.2% | 13.5% |
| FCF margin | 26.9% | 43.4% | 45.1% | 19.3% | 40.5% | 44.6% | 46.5% | β | β | β |
| Net interest share of revenue | β | β | β | 75.1% | 76.4% | 106.5% | 109.3% | 99.5% | 105.9% | 105.5% |
| Efficiency ratio | β | β | β | 39.4% | 38.3% | 51.5% | 50.5% | 48.8% | 53.7% | 51.7% |
| Returns | ||||||||||
| Return on capital | 13.2% | 28.3% | 31.1% | 89.6% | 13.8% | β | β | β | β | β |
| Return on capital employed | 7.8% | 7.4% | 9.3% | 4.5% | 2.5% | β | β | β | β | β |
| Return on equity | 31.2% | 44.9% | 46.0% | 14.2% | 13.8% | 44.4% | 10.3% | 27.7% | 9.3% | 16.2% |
| Return on assets | 2.0% | 2.8% | 3.2% | 1.0% | 0.9% | 3.6% | 0.9% | 3.0% | 1.2% | 2.3% |
| Return on tangible equity | β | 1,274.2% | 83.0% | 55.9% | 26.4% | 57.3% | 15.2% | 33.3% | 12.0% | 19.8% |
| Growth | ||||||||||
| Revenue growth | β | β23.3% | 3.5% | β1.5% | β19.0% | β27.6% | 16.9% | 12.1% | β10.5% | 0.2% |
| Net income growth | β | 52.4% | 22.1% | β71.1% | β23.0% | 274.3% | β72.2% | 222.0% | β61.4% | 87.0% |
| EPS growth | β | 92.1% | 24.0% | β68.8% | β18.3% | 259.2% | β72.2% | 221.5% | β61.7% | 98.4% |
| FCF growth | β | 23.6% | 7.6% | β57.9% | 70.0% | β20.2% | 22.0% | β | β | β |
| Share count change | β | β5.1% | β1.4% | β7.6% | β5.9% | 4.4% | 0.0% | 0.0% | 0.8% | β5.6% |
| Financial health | ||||||||||
| Net debt / EBITDA | 2.6x | 1.0x | 0.9x | β1.1x | β0.0x | β | β | β | β | β |
| Debt / equity | 3.9x | 3.3x | 2.5x | 1.8x | 1.8x | 3.6x | 3.5x | 1.8x | 1.8x | 1.3x |
| Interest coverage | 3.0x | 3.3x | 3.2x | 1.0x | 0.6x | β | β | β | β | β |
| Current ratio | 2.1x | 2.4x | 2.2x | 2.0x | 1.9x | β | β | β | β | β |
| Quick ratio | 2.1x | 2.4x | 2.1x | 2.0x | 1.9x | β | β | β | β | β |
| Loans / deposits | β | β | β | β | 150.9% | 141.2% | β | β | β | β |
| Provision / loans | β | β | β | 6.5% | 8.6% | 3.5% | β | β | β | β |
| Capital allocation | ||||||||||
| Capex / revenue | 2.9% | 4.1% | 3.5% | 2.5% | 1.2% | 2.6% | 1.8% | β | β | β |
| Stock comp / revenue | 1.1% | 1.4% | 1.4% | 1.0% | 0.5% | 0.9% | 0.9% | 1.0% | 1.4% | 1.5% |
| Payouts / FCF | 43.2% | 28.2% | 22.2% | 102.5% | 3.3% | 2.9% | 3.1% | β | β | β |
| Quality scores | ||||||||||
| Piotroski F-score | β | 8.0 | 8.0 | 6.0 | 5.0 | 4.0 | 6.0 | 7.0 | 3.0 | 7.0 |
| Altman Z'' | 3.5 | 4.0 | 3.9 | 3.9 | 3.5 | β | β | β | β | β |
| Accruals ratio | β6.3% | β6.4% | β5.9% | β3.3% | β6.8% | β3.4% | β6.9% | β5.2% | β6.9% | β6.9% |
Source: SEC EDGAR XBRL filings (CIK 0001101215). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
