Synchrony Financial
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Synchrony Financial's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 52% to $7,662,000,000. Profit margin reached 29%. Total operating expenses were $3,922,000,000.
Profit Margin
| 2014 | 9.23B | 2.10B | 22.85% |
|---|---|---|---|
| 2015 | 9.74B | 2.21B | 22.71% |
| 2016 | 10.97B | 2.25B | 20.52% |
| 2017 | 12.36B | 1.93B | 15.65% |
| 2018 | 13.28B | 2.79B | 21% |
| 2019 | 13.31B | 3.74B | 28.15% |
| 2020 | 11.16B | 1.38B | 12.41% |
| 2021 | 10.19B | 4.22B | 41.41% |
| 2022 | 16.00B | 3.01B | 18.84% |
| 2023 | 7.66B | 2.23B | 29.21% |
SYF Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 7.66B | 16.00B | 10.19B | 11.16B | 13.31B | 13.28B | 12.36B | 10.97B | 9.74B | 9.23B |
Cost of revenue | 0 | 1.37B | 905M | 1.42B | 1.86B | 0 | 1.04B | 0 | 754M | 0 |
Gross profit | 7.66B | 14.63B | 9.28B | 9.74B | 11.44B | 13.28B | 11.32B | 10.97B | 8.99B | 9.23B |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 527M | 487M | 486M | 448M | 549M | 528M | 498M | 423M | 433M | 460M |
Total operating expenses | 3.92B | 1.31B | -4.68B | -1.81B | -1.85B | -1.14B | -1.12B | -1.27B | -1.26B | -1.24B |
Operating income | 3.66B | 5.44B | 5.50B | 1.79B | 4.88B | 5.51B | 4.71B | 4.81B | 4.66B | 4.30B |
Other income (expenses), net | -759M | -1.47B | -1.19B | -976M | -4.90B | -1.87B | -943M | -1.24B | -847M | -826M |
Income before tax | 2.90B | 3.96B | 5.50B | 1.79B | 4.88B | 3.64B | 3.32B | 3.57B | 3.53B | 3.38B |
Income tax expense | 666M | 946M | 1.28B | 412M | 1.14B | 854M | 1.38B | 1.31B | 1.31B | 1.27B |
Net income | 2.23B | 3.01B | 4.22B | 1.38B | 3.74B | 2.79B | 1.93B | 2.25B | 2.21B | 2.10B |
Earnings per share | ||||||||||
Basic EPS | 5.21 | 6.19 | 7.4 | 2.28 | 5.59 | 3.76 | 2.43 | 2.71 | 2.66 | 2.78 |
Diluted EPS | 5.19 | 6.15 | 7.34 | 2.27 | 5.56 | 3.74 | 2.42 | 2.71 | 2.65 | 2.78 |
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